Global Power Battery Management System (BMS) Industry Outlook to 2025: Focus on the Chinese Market – ResearchAndMarkets.com

The “Global
and China Power Battery Management System (BMS) Industry Report,
2018-2025” report has been added to ResearchAndMarkets.com’s
offering.

A total of 1.1659 million new energy passenger cars were sold worldwide
in 2017, an upsurge of 55.9% from a year earlier, showing great
popularity of and a significant rise in market recognition of new energy
vehicles. Global sales of new energy vehicles are expected to sustain a
CAGR of around 45% between 2018 and 2020.

Foreign power battery BMS generally employs active equalization
technology, resulting in higher cost per vehicle, but at the same time
experiences annual decline of 10%-15% in price. The BMS market size will
have a much slower growth rate than power battery output. Global BMS
output value was USD4.7 billion in 2017, and is expected to exceed USD6
billion in 2019 and hit USD11.17 billion in 2025, representing a CAGR of
11.6% from 2017 to 2025.

Traditional auto parts vendors represented by Denso and Preh have seized
the initiative by dint of their key roles in vehicle supply chain. Denso
as the most important supplier of parts for Toyota has provided BMS
modules to vehicle models like Prius and Camry Hybrid successively,
while Preh not only supplies products to BMW i series BEVs but
vigorously explores the Chinese market by resorting to the resources of
its parent company Joyson Electronics.

Cell vendors like LGC attempt to narrow the functional range of BMS and
make it simple and universal, and to spin off software and data services
as a separate supply to automakers. Among carmakers, Tesla BMS is mature
and sophisticated and its next-generation technology will be applicable
to bigger battery cell.

China sold 777,000 new energy vehicles in 2017, including 556,000
passenger cars; new energy bus production plummeted by 16.4% in 2017 due
to considerable impact from declined subsidies and is expected to
stabilize at around 90,000 units over the next few years.

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