Electric Two-Wheeler Lithium-Ion Battery Management System Market is slated to increase at a CAGR of 20.3% by 2031

Electric Two-Wheeler Lithium-Ion Battery Management System Market

There has been greater adoption of electric scooters & motorcycles in the U.S. owing to rise in urbanization and increase in traffic congestion.

WILMINGTON, NEW CASTLE, DELAWARE, UNITED STATES, September 3, 2024 /EINPresswire.com/ -- The global Electric Two-Wheeler Lithium-Ion Battery Management System Market¹ size was valued at $0.90 billion in 2021, and is projected to reach $5.6 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031. A battery management system (BMS) is an electronic system that controls and maintains the battery pack of an electric two-wheeler. Electric two-wheelers are powered by lithium-ion batteries. The battery management system (BMS) continuously monitors a variety of battery parameters, including voltage, current flow, temperature, and charge state. The BMS actively balances the various cells in the battery pack to ensure that they are uniformly charged and discharged. This balancing process helps to improve the battery pack capacity and lifespan. The BMS also provides essential information to the vehicle's control system, allowing for accurate range estimation and efficient management of the electric powertrain.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/A07895

Centralized battery management system is one of the most compact and straight forward topologies available in the market. Centralized battery management system has lower design cost, as all necessary components of battery management system, such as pack management unit, and module management unit are coupled on printed circuit board, which, in turn, drives the growth of centralized segment. In addition, replacement and troubleshooting in this topology is significantly easy as compared to other types of topologies.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

𝐍𝐚𝐯𝐢𝐭𝐚𝐬 𝐒𝐲𝐬𝐭𝐞𝐦 𝐋𝐋𝐂, 𝐒𝐡𝐞𝐧𝐳𝐡𝐞𝐧 𝐋𝐢𝐭𝐨𝐧𝐠𝐰𝐞𝐢 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐂𝐨., 𝐋𝐭𝐝., 𝐍𝐗𝐏 𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫𝐬 𝐍.𝐕., 𝐉𝐢𝐚𝐧𝐠𝐬𝐮 𝐗𝐢𝐧𝐫𝐢 𝐄-𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐂𝐨., 𝐋𝐭𝐝., 𝐘𝐚𝐦𝐚𝐡𝐚 𝐌𝐨𝐭𝐨𝐫 𝐂𝐨., 𝐋𝐭𝐝., 𝐄𝐥𝐢𝐭𝐡𝐢𝐨𝐧 𝐈𝐧𝐜, 𝐑𝐞𝐧𝐞𝐬𝐚𝐬 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧, 𝐌𝐚𝐡𝐢𝐧𝐝𝐫𝐚 & 𝐌𝐚𝐡𝐢𝐧𝐝𝐫𝐚 𝐋𝐭𝐝., 𝐓𝐞𝐱𝐚𝐬 𝐈𝐧𝐬𝐭𝐫𝐮𝐦𝐞𝐧𝐭𝐬 𝐈𝐧𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞𝐝, 𝐋𝐞𝐜𝐥𝐚𝐧𝐜𝐡é 𝐒𝐀, 𝐍𝐮𝐯𝐚𝐭𝐢𝐨𝐧 𝐄𝐧𝐞𝐫𝐠𝐲

The global electric two-wheeler lithium-ion battery management system market growth² is attributed to the increase in the adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs), a rise in industry preference for the use of lithium-ion batteries, and growth in the adoption of rechargeable batteries across multiple end-use industries. However, the rise in the overall price of products with the addition of the battery management system hinders the growth of the market. Moreover, an increase in the adoption of cloud-connected battery management systems, growth in demand for renewable energy, and rise in demand for e-bikes and e-scooters provide remarkable growth opportunities for players operating in the market.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐭𝐡𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/258d75b356f574e4b09a83ffaed08a6d

Based on topology, the modular segment held the highest market share in 2021, accounting for nearly half of the global electric two-wheeler lithium-ion battery management system market revenue, and is estimated to maintain its leadership status during the forecast period. Owing to advantages, such as scalability based on requirement, lower maintenance cost, and noise immunity. However, the distributed segment is expected to register the highest CAGR of 21.7% from 2022 to 2031. Distributed battery management system provides improved precision, owing to the presence of dedicated microcontrollers for each cell and are cheaper.

The Chinese government in 2019 implemented strict emission control rules to boost electric vehicles on roads, which, in turn, is expected to surge the two-wheeler lithium-ion battery management system market. At the policy level, the National Technical Committee of Auto Standardization under China Automotive Technology & Research Center, with the aim to increase safety of new energy vehicles, is developing national BMS standards that contribute to more stringent standards. In addition, as the penetration rate for ternary lithium batteries in the automotive industry rises in China, higher requirements are posed on battery safety management. In February 2022, Exide collaborated with China-based SVOLT to produce lithium-ion cells in India. Exide intends to establish a wholly-owned subsidiary to handle Li-ion cell manufacturing. SVOLT will also provide the necessary assistance in establishing a cutting-edge green field manufacturing plant.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A07895

There has been greater adoption of electric scooters & motorcycles in the U.S. owing to rise in urbanization and increase in traffic congestion. Furthermore, various initiatives by government for adoption of e-bikes is expected to create opportunities for key players in U.S. market. For instance, in October 2020, the U.S. Department for Interior statement announced the new rules governing electric bike use in the U.S. The new regulations allow public land managers to provide e-bike access to bike trails. The regulations have been agreed upon and applied by the Bureau of Land Management, National Park Service, Fish and Wildlife Service, and Bureau of Reclamation. The rise in popularity of pedelecs, electric scooters, and electric motorcycles in the country support the growth of the electric two-wheeler lithium-ion battery management system market.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A07895

Asia-Pacific is expected to dominate the global electric two-wheeler lithium-ion battery management system market share³. The presence of rapidly emerging countries in the region is expected to significantly impact the market. Furthermore, huge demand has been witnessed in this region for electric two-wheeler lithium-ion battery to eliminate the emission by gasoline fuel. The Chinese government in 2019 implemented strict emission control rules to boost electric vehicles on roads, which, in turn, is expected to surge the two-wheeler lithium-ion battery management system market. The National Technical Committee of Auto Standardization under China Automotive Technology & Research Center, with the aim to increase safety of new energy vehicles, is developing national BMS standards that contribute to more stringent standards on BMS.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Electric Scooter and Motorcycle Market - https://www.globenewswire.com/en/news-release/2022/09/05/2509720/0/en/Electric-Scooter-and-Motorcycle-Market-To-Portray-93-9-Billion-by-2031-Allied-Market-Research.html

Europe Electric Vehicle Chargers Market - https://www.globenewswire.com/news-release/2019/10/14/1929021/0/en/Europe-Electric-Vehicle-Chargers-Market-to-Witness-a-CAGR-of-29-4-by-2023-Says-Allied-Market-Research.html

Electric Vehicle Charging Connector Market - https://www.prnewswire.com/news-releases/electric-vehicle-ev-charging-connector-market-to-reach-273-2-million-globally-by-2032-at-17-0-cagr-allied-market-research-301870146.html

Traction Control System Market - https://www.prnewswire.com/news-releases/traction-control-system-market-to-reach-44-14-bn-globally-by-2025-at-6-7-cagr-amr-300840551.html

ASEAN car GPS navigation systems Market - https://www.alliedmarketresearch.com/asean-car-gps-navigation-systems-market

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¹ https://www.alliedmarketresearch.com/electric-two-wheeler-lithium-ion-battery-management-system-market-A07895
² https://www.alliedmarketresearch.com/press-release/electric-two-wheeler-lithium-ion-battery-management-system-market.html
³ https://www.prnewswire.com/news-releases/electric-two-wheeler-lithium-ion-bms-market-size-to-garner-5-6-billion-globally-by-2031-at-20-3-cagr-allied-market-research-301961247.html