Battery Management System Industry Statistics

In this post, we provide an overview of key statistics and insights concerning the global Battery Management System (BMS) industry. From market size and regional trends to growth projections and major players, these statistics offer valuable insights into the dynamics shaping the BMS market landscape.

Statistic 1

"The global Battery Management System (BMS) market size was USD 5.02 billion in 2020."

Statistic 2

"North America held the largest BMS market share in 2020 at 40.7%."

Statistic 3

"The BMS market is expected to grow at a CAGR of 19.5% from 2021 to 2028."

Statistic 4

"Energy storage systems and electric vehicles sectors are expected to drive 40% of the BMS market growth by 2025."

Statistic 5

"The Asia Pacific region is anticipated to witness the fastest growth at a CAGR of 20.4% from 2021 to 2028 in the BMS market."

Statistic 6

"Li-Ion-based batteries are set to lead the BMS market share, accounting for almost 50% of the total market."

Statistic 7

"As of 2021, the top players in the global BMS market are Johnson Matthey Plc., Lithium Balance A/S, Nuvation Engineering, Valence Technology, Inc., and Linear Technology Corp."

Statistic 8

"By 2026, the global Battery Management System market is projected to reach USD 14.62 billion."

Statistic 9

"The use of BMS in renewable energy storage is expected to grow at a CAGR of 41.9% from 2019 to 2025."

Statistic 10

"In 2019, automotive application accounted for the largest market share of 45.8% in the global BMS market."

Statistic 11

"By 2025, the BMS market in India is expected to reach USD 691.6 million."

Statistic 12

"Japan is likely to hold a BMS market share of approximately 19% in the Asia Pacific region by 2025."

Statistic 13

"China holds more than 35% of the total Automotive BMS market as of 2019."

Statistic 14

"Germany is expected to grow at a CAGR of 14% during the forecast period from 2019 to 2025 in the BMS market."

Statistic 15

"The Stationary BMS application segment is projected to grow at a CAGR of 15.3% from 2021 to 2028."

Statistic 16

"In the United Kingdom, the BMS market is anticipated to grow at a CAGR of 20.1% between 2018 and 2023."

Statistic 17

"Marine applications will potentially carve out 2% of the global BMS market by 2025."

Statistic 18

"The modular topology battery management system segment accounted for the highest market share of 61.4% in the global BMS market in 2020."

Overall, the Battery Management System (BMS) market is experiencing significant growth, with a projected CAGR of 19.5% from 2021 to 2028. North America currently leads the market share, but the Asia Pacific region is expected to witness the fastest growth. Li-Ion-based batteries are set to dominate the market, particularly in sectors such as energy storage systems and electric vehicles. Top players include Johnson Matthey Plc., Lithium Balance A/S, and others. The market is expanding into various applications such as automotive, renewable energy storage, and stationary systems. With continued advancements and increasing demand, the global BMS market is projected to reach USD 14.62 billion by 2026, showcasing a thriving industry landscape worldwide.