- In April 2022, Infineon Technologies AG introduced the TLE9012DQU and TLE9015DQU, a new family of Battery Management System (BMS) integrated circuits (ICs). These ICs are optimized for lithium-ion battery cell monitoring and balancing, offering outstanding measurement accuracy and superior application robustness
- In June 2022, Renesas Electronics Corporation launched a new software solution for electric vehicle battery management systems. This AUTOSAR-compliant complex device driver (CDD) module is designed to simplify development for automotive BMS designers
- In September 2022, Sensata Technologies unveiled the Lithium Balance n3-BMS, a next-generation Battery Management System tailored for high-voltage applications
- In March 2022, Battrixx, a manufacturer of lithium-ion battery packs for e-vehicles, fully acquired Pune-based Varos Technology Pvt. Ltd., which specializes in IoT tools for EV infrastructure and battery management systems. This acquisition is expected to create synergies between Battrixx’s products and services and enhance the development of end-to-end BMS solutions using cloud-based AI-driven analytics for battery life prediction and performance monitoring
- In May 2022, BorgWarner was selected by a leading global vehicle manufacturer to provide its battery management system (BMS) for the entire B-segment, C-segment, and light commercial vehicle platforms. Starting mid-2023, BorgWarner’s BMS technology will optimize battery pack performance, safety, and longevity, featuring a master control unit connected to multiple cell management control units for monitoring battery parameters such as charge state, health, temperature, current, and voltage
Frequently Asked Questions
The market is segmented based on Segmentation, By Components (Hardware and Software), Type (Stationary Battery and Motive Battery), Topology (Centralized, Modular, and Distributed), Battery Type (Lithium-Ion Battery, Lead-acid-based, Flow Batteries, Advanced Lead-Acid Battery, and Others), Application (Automotive, Uninterrupted Power Supply, Telecommunications, Renewable Energy Systems, Military, and Others) – Industry Trends and Forecast to 2032
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The Global Battery Management System Market size was valued at USD 8.80 USD Billion in 2024.
The Global Battery Management System Market is projected to grow at a CAGR of 19.25% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
