Battery Management System Market to Grow at a CAGR of 19.9% Between 2015 and 2025; Future Market Insights
Summary
Demand for BMS from the automotive vertical for e-Vehicle application is significantly high, and this sub-segment is estimated to account for 14.2% revenue share of the global battery management system market by the end of 2015.By the end of 2015, APEJ is estimated to be the dominant region, accounting for around 29.1% share of the global market, followed by the North America and Western Europe.Demand for BMS from the automotive vertical for e-Vehicle application is significantly high, and this sub-segment is estimated to account for 14.2% revenue share of the global battery management system market by the end of 2015.The distributed segment is estimated to account for 34.4% share of the overall market by the end of 2015, and is forecast to expand at a CAGR of 19.5% over the forecast period.The global battery management system market is segmented on the basis of regions into North America, Eastern Europe, Middle East & Africa (MENA), Asia Pacific Excluding Japan (APEJ), Western Europe, Latin America and Japan.By the end of 2015, APEJ is estimated to be the dominant region, accounting for around 29.1% share of the global market, followed by the North America and Western Europe.