BMS battery industry market share

What is the global battery management system (BMS) market size?

The global Battery Management System (BMS) market size was USD 7.43 Billion in 2021 and is expected to register a revenue CAGR of 20.4% during the forecast period.

What is the automotive battery management systems market size in 2023?

In 2023, the Automotive Battery Management Systems Market size was estimated at USD 4.76 billion. The report covers the Automotive Battery Management Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023.

Which battery management system market accounted for largest revenue share in 2021?

The Battery management system North America market accounted for largest revenue share in 2021 owing to presence of various industry competitors and extensive Research & Development (R&D) activities in power battery management systems.

What is the global power battery management system market report?

The Market Report Covers Global Power Battery Management System Companies and is segmented by Application (Stationary, Portable, and Transportation) and Geography (North America, South America, Europe, Middle East and Africa, and Asia-Pacific). The market size and forecasts are provided in terms of revenue (USD Billion) for all the above segments.

How much is the automotive battery management system market worth?

The global Automotive Battery Management System Market in terms of revenue was estimated to be worth $4.7 billion in 2023 and is poised to reach $11.7 billion in 2028, growing at a CAGR of 19.8% during the forecast period.

How big is the battery management system market?

The Battery Management System Market is expected to reach USD 9.75 billion in 2025 and grow at a CAGR of 4.85% to reach USD 12.36 billion by 2030. Eberspaecher Vecture Inc., BMS Powersafe, Sensata Technologies, Inc., Texas Instruments Incorporated and Elithion Inc. are the major companies operating in this market.