Global Battery Management System Market Size & Outlook
Global battery management system market, 2017-2030 (US$M)
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Global battery management system market highlights
- The global battery management system market generated a revenue of USD 7,193.5 million in 2023 and is expected to reach USD 31,265.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 23.4% by 2030.
- In terms of segment, lead-acid based accounted for a revenue of USD 3,551.6 million in 2023.
- Lithium-Ion Based is the most lucrative battery type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 7,193.5 million |
| Market revenue in 2030 | USD 31,265.5 million |
| Growth rate | 23.4% (CAGR from 2023 to 2030) |
| Largest segment | Lead-acid based |
| Fastest growing segment | Lithium-Ion Based |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium-Ion Based, Lead-Acid Based, Nickel Based, Flow Batteries |
Other key industry trends
- In terms of revenue, the North America accounted for 35.2% of the global battery management system market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 5,434.3 million by 2030.
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Battery Management System Market Scope
Battery Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global battery management system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to battery management system market will help companies and investors design strategic landscapes.
Lead-acid based was the largest segment with a revenue share of 49.37% in 2023. Horizon Databook has segmented the Global battery management system market based on lithium-ion based, lead-acid based, nickel based, flow batteries covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Battery Management System Battery Type Outlook (Revenue, USD Million, 2017-2030)
- Lithium-Ion Based
- Lead-Acid Based
- Nickel Based
- Flow Batteries
- Global Battery Management System Topolgy Outlook (Revenue, USD Million, 2017-2030)
- Centralized
- Distributed
- Modular
- Global Battery Management System Application Outlook (Revenue, USD Million, 2017-2030)
- Automotive
- Consumer Electronics
- Energy
- Defense
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Horizon Databook provides a detailed overview of global-level data and insights on the Global battery management system market , including forecasts for subscribers. This global databook contains high-level insights into Global battery management system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global battery management system market size, by regions, 2017-2030 (US$M)
Top 10 countries: Battery management system market size, 2023 (US$M)
Global battery management system market share, by battery type, 2023 & 2030 (%, US$M)
Battery management system market: Opportunity assessment by country
Global battery management system market, by region, 2023 (US$M)
| Battery Type | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,433.3 | 1,533.2 | 1,651.1 | 1,777.7 | 1,963.0 | 2,209.0 | 2,529.1 | 2,938.5 | 3,461.9 | 4,140.3 | 5,032.2 | 6,224.0 | 7,781.4 | 9,779.1 | 21.3% |
| Europe | 1,161.8 | 1,248.1 | 1,349.9 | 1,459.9 | 1,619.5 | 1,831.2 | 2,106.7 | 2,459.8 | 2,912.8 | 3,502.0 | 4,279.6 | 5,322.6 | 6,692.5 | 8,460.2 | 22.0% |
| Asia Pacific | 693.9 | 788.4 | 900.5 | 1,026.6 | 1,198.4 | 1,423.8 | 1,719.0 | 2,103.6 | 2,607.7 | 3,278.9 | 4,186.6 | 5,435.2 | 7,128.0 | 9,390.9 | 27.5% |
| Latin America | 312.9 | 344.4 | 381.7 | 422.9 | 480.4 | 556.4 | 655.6 | 784.0 | 950.7 | 1,170.4 | 1,464.5 | 1,864.9 | 2,401.3 | 3,108.1 | 24.9% |
| MEA | 122.2 | 127.7 | 134.1 | 140.7 | 151.1 | 165.0 | 183.1 | 205.7 | 233.8 | 269.1 | 313.8 | 371.2 | 442.2 | 527.2 | 16.3% |
| Overall | 3,724.1 | 4,041.8 | 4,417.3 | 4,827.8 | 5,412.4 | 6,185.4 | 7,193.5 | 8,491.6 | 10,166.9 | 12,360.7 | 15,276.7 | 19,217.9 | 24,445.4 | 31,265.5 | 23.4% |
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