North America Electric Vehicle Battery Management System (EVBMS) Market 2022-2031 by Component (Hardware, Software & Services), Product Type (Distributed, Centralized, Modular), Application (Voltage Monitoring, Thermal Management, Current Management, Charging and Discharging Control, Others), Battery Type (Lithium Ion, Redox Flow, Lead Acid, Others), Propulsion Type (BEVs, HEVs, PHEVs, FCEVs), Vehicle Type (Passenger, Commercial), and Country: Trend Forecast and Growth Opportunity
- Report ID: 43071
- Date: Aug, 2022
- Pages: 116
- Category: Automotive & Transportation
North America electric vehicle battery management system (EVBMS) market is projected to grow by 17.1% annually in the forecast period and reach $3,307.9 million by 2031, driven by the rising sales for electric vehicles (EVs), increasing demand for sustainable and clean energy vehicles, supportive government initiatives, and the depleting fossil fuel and rising environmental awareness amongst people.
Highlighted with 24 tables and 59 figures, this 116-page report “North America Electric Vehicle Battery Management System (EVBMS) Market 2022-2031 by Component (Hardware, Software & Services), Product Type (Distributed, Centralized, Modular), Application (Voltage Monitoring, Thermal Management, Current Management, Charging and Discharging Control, Others), Battery Type (Lithium Ion, Redox Flow, Lead Acid, Others), Propulsion Type (BEVs, HEVs, PHEVs, FCEVs), Vehicle Type (Passenger, Commercial), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America electric vehicle battery management system (EVBMS) market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2022 and provides forecast from 2022 till 2031 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America electric vehicle battery management system (EVBMS) market in every aspect of the classification from perspectives of Component, Product Type, Application, Battery Type, Propulsion Type, Vehicle Type, and Country.
Based on Component, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
• Hardware
o Fuel Gauge/Current Measurement Devices
o Temperature Sensor
o Integrated Circuits
o Cutoff FETs and FET Driver
o Microcontroller
o Other Hardware
• Software & Services
Based on Product Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
• Distributed BMS
• Centralized BMS
• Modular BMS
By Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
• Voltage Monitoring
• Thermal Management
• Current Management
• Charging and Discharging Control
• Other Applications
By Battery Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
• Lithium Ion
• Redox Flow
• Lead Acid
• Other Battery Types
By Propulsion Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
• Battery Electric Vehicles (BEVs)
• Hybrid Electric Vehicles (HEVs)
• Plug-in Hybrid Electric Vehicle (PHEVs)
• Fuel Cell Electric Vehicle (FCEVs)
By Vehicle Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
• Passenger Cars
• Commercial Vehicles
• Other Vehicles
Geographically, the following national/local markets are fully investigated:
• US
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2031. The breakdown of national markets by Battery Type, Propulsion Type and Vehicle Type over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Analog Devices Inc.
BYD
Contemporary Amperex Technology Co. Limited (CATL)
Hyundai Mobis
Infineon Technologies AG
Keihin Corporation
NXP Semiconductors
Renesas Electronics Corporation
SAIC Motor Corporation Limited
Silicon Laboratories
TE Connectivity
Tesla Motors
Texas Instruments Incorporated
Visteon Corporation
Vitesco Technologies
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 22
2.1.1 Impact of COVID-19 on World Economy 23
2.1.2 Impact of COVID-19 on the Market 27
2.2 Major Growth Drivers 29
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter’s Fiver Forces Analysis 42
3 Segmentation of North America Market by Component 46
3.1 Market Overview by Component 46
3.2 Hardware 48
3.2.1 Fuel Gauge/Current Measurement Devices 50
3.2.2 Temperature Sensor 51
3.2.3 Integrated Circuits 52
3.2.4 Cutoff FETs and FET Driver 53
3.2.5 Microcontroller 54
3.2.6 Other Hardware 55
3.3 Software & Services 56
4 Segmentation of North America Market by Product Type 57
4.1 Market Overview by Product Type 57
4.2 Distributed BMS 59
4.3 Centralized BMS 60
4.4 Modular BMS 61
5 Segmentation of North America Market by Application 62
5.1 Market Overview by Application 62
5.2 Voltage Monitoring 64
5.3 Thermal Management 65
5.4 Current Management 66
5.5 Charging and Discharging Control 67
5.6 Other Applications 68
6 Segmentation of North America Market by Battery Type 69
6.1 Market Overview by Battery Type 69
6.2 Lithium Ion 71
6.3 Redox Flow 72
6.4 Lead Acid 73
6.5 Other Battery Types 74
7 Segmentation of North America Market by Propulsion Type 75
7.1 Market Overview by Propulsion Type 75
7.2 Battery Electric Vehicles (BEVs) 77
7.3 Hybrid Electric Vehicles (HEVs) 78
7.4 Plug-in Hybrid Electric Vehicle (PHEVs) 79
7.5 Fuel Cell Electric Vehicle (FCEVs) 80
8 Segmentation of North America Market by Vehicle Type 81
8.1 Market Overview by Vehicle Type 81
8.2 Passenger Cars 83
8.3 Commercial Vehicles 84
8.4 Other Vehicles 85
9 North America Market 2021-2031 by Country 86
9.1 Overview of North America Market 86
9.2 U.S. 89
9.3 Canada 92
9.4 Mexico 94
10 Competitive Landscape 96
10.1 Overview of Key Vendors 96
10.2 New Product Launch, Partnership, Investment, and M&A 99
10.3 Company Profiles 100
Analog Devices Inc. 100
BYD 102
Contemporary Amperex Technology Co. Limited (CATL) 103
Hyundai Mobis 104
Infineon Technologies AG 105
Keihin Corporation 106
NXP Semiconductors 107
Renesas Electronics Corporation 108
SAIC Motor Corporation Limited 109
Silicon Laboratories 110
TE Connectivity 111
Tesla Motors 112
Texas Instruments Incorporated 113
Visteon Corporation 114
Vitesco Technologies 115
RELATED REPORTS 116
List of Tables
Table 1. Snapshot of North America Electric Vehicle Battery Management System Market in Balanced Perspective, 2021-2031 19
Table 2. World Economic Outlook, 2021-2031 24
Table 3. World Economic Outlook, 2021-2023 25
Table 4. Main Product Trends and Market Opportunities in North America Electric Vehicle Battery Management System Market 38
Table 5. North America Electric Vehicle Battery Management System Market by Component, 2021-2031, $ mn 46
Table 6. North America Electric Vehicle Battery Management System Market: Hardware by Type, 2021-2031, $ mn 49
Table 7. North America Electric Vehicle Battery Management System Market by Product Type, 2021-2031, $ mn 57
Table 8. North America Electric Vehicle Battery Management System Market by Application, 2021-2031, $ mn 62
Table 9. North America Electric Vehicle Battery Management System Market by Battery Type, 2021-2031, $ mn 69
Table 10. North America Electric Vehicle Battery Management System Market by Propulsion Type, 2021-2031, $ mn 75
Table 11. North America Electric Vehicle Battery Management System Market by Vehicle Type, 2021-2031, $ mn 81
Table 12. North America Electric Vehicle Battery Management System Market by Country, 2021-2031, $ mn 87
Table 13. U.S. Electric Vehicle Battery Management System Market by Battery Type, 2021-2031, $ mn 91
Table 14. U.S. Electric Vehicle Battery Management System Market by Propulsion Type, 2021-2031, $ mn 91
Table 15. U.S. Electric Vehicle Battery Management System Market by Vehicle Type, 2021-2031, $ mn 91
Table 16. Canada Electric Vehicle Battery Management System Market by Battery Type, 2021-2031, $ mn 93
Table 17. Canada Electric Vehicle Battery Management System Market by Propulsion Type, 2021-2031, $ mn 93
Table 18. Canada Electric Vehicle Battery Management System Market by Vehicle Type, 2021-2031, $ mn 93
Table 19. Mexico Electric Vehicle Battery Management System Market by Battery Type, 2021-2031, $ mn 95
Table 20. Mexico Electric Vehicle Battery Management System Market by Propulsion Type, 2021-2031, $ mn 95
Table 21. Mexico Electric Vehicle Battery Management System Market by Vehicle Type, 2021-2031, $ mn 95
Table 22. Analog Devices Inc.: Company Snapshot 100
Table 23. Analog Devices Inc.: Business Segmentation 101
Table 24. Analog Devices Inc.: Product Portfolio 101
List of Figures
Figure 1. A Scheme of EVBMS 9
Figure 2. Research Method Flow Chart 13
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 16
Figure 4. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 18
Figure 5. Industry Value Chain Analysis 21
Figure 6. North America Electric Vehicle Battery Management System Market, 2021-2031, $ mn 22
Figure 7. Impact of COVID-19 on Business 27
Figure 8. Primary Drivers and Impact Factors of North America Electric Vehicle Battery Management System Market 29
Figure 9. World Electric Vehicle Market, 2019-2030, $ bn 32
Figure 10. Share of GHG Emissions Covered by Countries That Have Adopted or Announced Net Zero Emission Targets 32
Figure 11. Cumulative Carbon Dioxide Emissions by Country, 1850-2021 33
Figure 12. Primary Restraints and Impact Factors of North America Electric Vehicle Battery Management System Market 35
Figure 13. Investment Opportunity Analysis 39
Figure 14. Porter’s Fiver Forces Analysis of North America Electric Vehicle Battery Management System Market 42
Figure 15. Breakdown of North America Electric Vehicle Battery Management System Market by Component, 2021-2031, % of Revenue 47
Figure 16. North America Addressable Market Cap in 2022-2031 by Component, Value ($ mn) and Share (%) 47
Figure 17. North America Electric Vehicle Battery Management System Market by Component: Hardware, 2021-2031, $ mn 48
Figure 18. North America Electric Vehicle Battery Management System Market by Hardware: Fuel Gauge/Current Measurement Devices, 2021-2031, $ mn 50
Figure 19. North America Electric Vehicle Battery Management System Market by Hardware: Temperature Sensor, 2021-2031, $ mn 51
Figure 20. North America Electric Vehicle Battery Management System Market by Hardware: Integrated Circuits, 2021-2031, $ mn 52
Figure 21. North America Electric Vehicle Battery Management System Market by Hardware: Cutoff FETs and FET Driver, 2021-2031, $ mn 53
Figure 22. North America Electric Vehicle Battery Management System Market by Hardware: Microcontroller, 2021-2031, $ mn 54
Figure 23. North America Electric Vehicle Battery Management System Market by Hardware: Other Hardware, 2021-2031, $ mn 55
Figure 24. North America Electric Vehicle Battery Management System Market by Component: Software & Services, 2021-2031, $ mn 56
Figure 25. Breakdown of North America Electric Vehicle Battery Management System Market by Product Type, 2021-2031, % of Sales Revenue 58
Figure 26. North America Addressable Market Cap in 2022-2031 by Product Type, Value ($ mn) and Share (%) 58
Figure 27. North America Electric Vehicle Battery Management System Market by Product Type: Distributed BMS, 2021-2031, $ mn 59
Figure 28. North America Electric Vehicle Battery Management System Market by Product Type: Centralized BMS, 2021-2031, $ mn 60
Figure 29. North America Electric Vehicle Battery Management System Market by Product Type: Modular BMS, 2021-2031, $ mn 61
Figure 30. Breakdown of North America Electric Vehicle Battery Management System Market by Application, 2021-2031, % of Sales Revenue 63
Figure 31. North America Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%) 63
Figure 32. North America Electric Vehicle Battery Management System Market by Application: Voltage Monitoring, 2021-2031, $ mn 64
Figure 33. North America Electric Vehicle Battery Management System Market by Application: Thermal Management, 2021-2031, $ mn 65
Figure 34. North America Electric Vehicle Battery Management System Market by Application: Current Management, 2021-2031, $ mn 66
Figure 35. North America Electric Vehicle Battery Management System Market by Application: Charging and Discharging Control, 2021-2031, $ mn 67
Figure 36. North America Electric Vehicle Battery Management System Market by Application: Other Applications, 2021-2031, $ mn 68
Figure 37. Breakdown of North America Electric Vehicle Battery Management System Market by Battery Type, 2021-2031, % of Revenue 70
Figure 38. North America Addressable Market Cap in 2022-2031 by Battery Type, Value ($ mn) and Share (%) 70
Figure 39. North America Electric Vehicle Battery Management System Market by Battery Type: Lithium Ion, 2021-2031, $ mn 71
Figure 40. North America Electric Vehicle Battery Management System Market by Battery Type: Redox Flow, 2021-2031, $ mn 72
Figure 41. North America Electric Vehicle Battery Management System Market by Battery Type: Lead Acid, 2021-2031, $ mn 73
Figure 42. North America Electric Vehicle Battery Management System Market by Battery Type: Other Battery Types, 2021-2031, $ mn 74
Figure 43. Breakdown of North America Electric Vehicle Battery Management System Market by Propulsion Type, 2021-2031, % of Revenue 76
Figure 44. North America Addressable Market Cap in 2022-2031 by Propulsion Type, Value ($ mn) and Share (%) 76
Figure 45. North America Electric Vehicle Battery Management System Market by Propulsion Type: Battery Electric Vehicles (BEVs), 2021-2031, $ mn 77
Figure 46. North America Electric Vehicle Battery Management System Market by Propulsion Type: Hybrid Electric Vehicles (HEVs), 2021-2031, $ mn 78
Figure 47. North America Electric Vehicle Battery Management System Market by Propulsion Type: Plug-in Hybrid Electric Vehicle (PHEVs), 2021-2031, $ mn 79
Figure 48. North America Electric Vehicle Battery Management System Market by Propulsion Type: Fuel Cell Electric Vehicle (FCEVs), 2021-2031, $ mn 80
Figure 49. Breakdown of North America Electric Vehicle Battery Management System Market by Vehicle Type, 2021-2031, % of Revenue 81
Figure 50. North America Addressable Market Cap in 2022-2031 by Vehicle Type, Value ($ mn) and Share (%) 82
Figure 51. North America Electric Vehicle Battery Management System Market by Vehicle Type: Passenger Cars, 2021-2031, $ mn 83
Figure 52. North America Electric Vehicle Battery Management System Market by Vehicle Type: Commercial Vehicles, 2021-2031, $ mn 84
Figure 53. North America Electric Vehicle Battery Management System Market by Vehicle Type: Other Vehicles, 2021-2031, $ mn 85
Figure 54. Breakdown of North America Electric Vehicle Battery Management System Market by Country, 2021 and 2031, % of Revenue 87
Figure 55. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 88
Figure 56. U.S. Electric Vehicle Battery Management System Market, 2021-2031, $ mn 90
Figure 57. Canada Electric Vehicle Battery Management System Market, 2021-2031, $ mn 92
Figure 58. Electric Vehicle Battery Management System Market in Mexico, 2021-2031, $ mn 94
Figure 59. Growth Stage of North America Electric Vehicle Battery Management System Industry over the Forecast Period 96
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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