DUBLIN–(BUSINESS WIRE)–The “Europe
Electric Vehicle Battery Management System Market – Growth, Trends, and
Forecast (2019 – 2024)” report has been added to ResearchAndMarkets.com’s
offering.
The European electric vehicle battery management system market was
valued at USD 791.03 million in 2018, and it is anticipated to register
a CAGR of about 21.27% during the forecast period (2019 – 2024).
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In vehicles, the battery management system is primarily used for
managing and protecting the cells in a battery pack. Safe and optimum
use of the energy stored is highly essential in a vehicle battery
pack, due to the growing electrification in vehicles. Factors, such as
the increasing demand for electric vehicles and energy storage systems
and growing consumption of rechargeable batteries in consumer
electronics, coupled with technical advancements, are aiding the
market’s growth significantly.
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Features, like start/stop, electric power steering, and electric
braking systems have increased the power load on the battery.
Therefore, prioritizing all these electrical loads on a scale from
comfort to safety level has been a major issue in the vehicle electric
system. Therefore, the intelligent battery management system (IBMS)
has been gaining attention among the automobile manufacturers, which
aided its adoption across the world.
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Companies are primarily focused on entering into international deals,
as well as are heavily investing in R&D projects. For instance,
Ficosa, a Spain-based company, signed five important contracts for the
battery management system. The orders placed by Tier II companies are
valued at USD 233.35 million, and are expected to be deployed in
electric and plug-in hybrid vehicles.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness – Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Propulsion Type
5.1.1 Hybrid
5.1.2 Electric
5.2 Vehicle Type
5.2.1 Passenger Cars
5.2.2 Commercial Vehicle
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Mergers and Acquisitions
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Companies Mentioned
- Denso Corporation
- Robert Bosch GmbH
- Panasonic Corporation
- LG Chem Ltd
- Calsonic Kansei Corporation
- Hitachi Automotive Systems Ltd
- Mitsubishi Electric Corporation
- Continental AG
- Lithium Balance
- Preh GmbH
For more information about this report visit https://www.researchandmarkets.com/r/fdgrxd
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Related
Topics: Automotive
Batteries, Electric
and Hybrid Vehicles
