Global Automotive Battery Management System Market is expected to foresee steady growth. Asia Pacific holds the largest share!
- Vikas Kumar
- March 4, 2022
- AUTOMOTIVE, NEWS
- Automotive Battery Management System Market Growth, Automotive Battery Management System Market News, Automotive Battery Management System Market Share, Automotive Battery Management System Market Size, Automotive Battery Management System Market Trend
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Global Automotive Battery Management System Market is expected to grow at a CAGR of around 17% during the forecast period 2021-2027. The “brain” of an electric vehicle’s battery pack is the automotive battery management system, and its performance has a significant impact on the vehicle’s driving range and battery life. It aids in the monitoring of battery utilization and ensuring that a battery performs at its best. By managing the battery’s operational area, balancing it, and safeguarding it, this system regulates the battery’s recharging. It is an important component of the electric vehicle (EV) powertrain since it aids in current regulation, cell balance, and battery thermal protection. Furthermore, it is critical to identify which control functions should be allocated to a battery management system in order to avoid circumstances where the vehicle’s mobility or movement is inhibited. As a result of the rising popularity of electric vehicles, the market is likely to see the development of improved automotive battery management systems throughout the forecast period.
For a detailed analysis of the market drivers browse through https://univdatos.com/report/automotive-battery-management-system-market/
Many functional blocks make up a battery management system, including cell voltage balancing, real-time clock, state machine, temperature monitor, cutoff FET, fuel gauge monitor, and so on. The FET driver is in charge of connecting and isolating the battery pack from the load and charger. The fuel gauge is used to monitor the amount of charge that enters and exits the battery pack. The cell voltage of each cell should be checked using a cell voltage monitor to evaluate the overall health of the battery pack. If the cell pack delivers a larger current while maintaining a consistent voltage, the cell pack may catch fire. As a result, a temperature monitor is utilized to keep track of the temperature and avert dangerous situations. In this approach, Battery Management Systems fulfil their primary duty of battery pack protection.
For a detailed analysis of the Covid-19 Impact on the market browse through https://univdatos.com/get-a-free-sample-form-php/?product_id=18000
The global outbreak of COVID-19 has had a significant impact on the supply chain and logistics business, which has been stopped as a result of COVID-19’s fast spread throughout the world. This epidemic has created a great deal of anxiety and concern among all members of the industrial value chain. Governments throughout the world have implemented rigorous social distancing measures, ranging from partial to total lockdown interventions, to prevent the spread of the COVID-19 disease. As a result, there is less public transportation on the roadways. Furthermore, because social distancing restrictions remain in force, demand for autos has decreased, impacting this sector. End-user demand has decreased over the world as a result of constrained transportation operations and partial or total lockdown laws enacted in several nations. Furthermore, due to operations with limited worker capacity and insufficient health safety measures, important companies’ overall production activities have decreased. This circumstance has a direct influence on overall car battery management system sales. It’s worth emphasizing that, given the nature of the sector, corporations believe that once the pandemic scenario has subsided, the market will revive quickly. Despite the difficulty of predicting the pandemic’s duration, the advent of COVID-19 vaccinations in early 2021 is anticipated to benefit the vehicle sector.
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For a better understanding of the market adoption of Automotive Battery Management System, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World. The Asia Pacific is predicted to be the fastest-growing region in the coming years. During the projection period, it is predicted to dominate with the greatest CAGR. The high population density of nations like China and India, which account for more than 38% of the world population, is a major driver of this region’s growth. Furthermore, several beneficial government measures conducted in these regions to revitalize the car sector, which was hit by COVID-19, are expected to fuel market expansion. Furthermore, increased urbanization and smart cities are predicted to fuel EV expansion, accelerating the market for electric vehicle onboard chargers.
Global Automotive Battery Management System Market Segmentation
Market Insight, by Battery Type
- Lithium Ion
- Advanced Lead-acid
Market Insight, by Topology
Market Insight, by Vehicle
- Passenger Cars
- Commercial Vehicles
Market Insight, by Region
- North America Automotive Battery Management System Market
- United States
- Rest of North America
- Europe Automotive Battery Management System Market
- United Kingdom
- Rest of Europe
- Asia Pacific Automotive Battery Management System Market
- South Korea
- Rest of Asia-Pacific
- Rest of World Automotive Battery Management System Market
Top Company Profiles
- LG Chem, Ltd.
- Robert Bosch GmbH
- Continental AG
- Analog Devices, Inc.
- Intel Corporation
- NXP Semiconductors NV
- Renesas Electronics Corporation
- Johnson Matthey, Inc.
- Toshiba Corporation
- Midtronics, Inc.