Wednesday 22 January 2020

Battery Power Management System Market Statistics, Size, Share, Growth Factors, Emerging Technologies, Regional Analysis, Competitive Landscape and Forecast to 2025


What is a Power Battery Management System?
A battery management system or BMS refers to an electronic system that helps manage a rechargeable battery, which can be either a cell or a battery pack. It protects the battery from working outside the safe operating area, administering its state, estimating the secondary data and then reporting it, controlling as well as authenticating it. A battery pack that has been built along with a battery management system, as well as an external communication data bus, is what is known as a smart battery pack, which must be charged by a smart battery charger. The Battery Power Management System Market is expected to grow at USD 10042.04 Million by 2025 with ~12.59% CAGR during the forecast period.
A battery management system usually consists of a number of functional blocks such as fuel-gauge monitor, cut-off FETs, cell voltage balance, cell voltage monitor, temperature monitors, state machine and real-time clock (RTC). Numerous types of battery management ICs are available in the market. Generally, the grouping of the functional blocks is entirely dependent on a simple analog front end that facilitates balancing as well as monitoring and needs a microcontroller (MCU), a highly integrated solution that can run autonomously.

Applications of a Power Battery Management System
Battery management systems find widespread use in various battery applications like uninterruptible power supplies, material handling, marine and battery banks for alternative energy sources and off-grid power systems. The demand for BMS in these applications is quite similar to those that are generated in the automotive market, which means that is absolutely necessary to control cell as well as pack in a reliable and optimal way.

Functions of a Power Battery Management System
A highly important function of a battery management system is cell protection. Lithium-ion battery cells come with two significant design issues; if they are overcharged they can undergo damage, which leads to overheating or even explosion. To manage this issue, a battery management system is required, which offers overvoltage protection. Lithium-ion cells are also prone to damage when they are discharged below a specific threshold, which is close to 5 percent of total capacity. When the cells get discharged below the specified threshold, it can bring down their capacity permanently. To ensure that its charge doesn’t go below or above its limits, a battery management system comes with a safeguard device known as a dedicated Lithium-ion protector
The second equally significant function conducted by a battery management system includes energy management. The best example of energy management can be a laptop battery's power meter. Many of the laptops in today’s times tell the user how much charge is left within the battery, in addition to offering an insight into the consumption rate as well as the total time left to use the device until the battery needs to be recharged. Hence, practically speaking, energy management is a crucial aspect of portable electronic devices.

Regional Aspect of Power Battery Management Systems
North America is an important region in the battery management system (BMS) ecosystem and is noted to be the highest demand-making region across the globe. The strong demand emanating from the region is the result of the massive demand for automated guided vehicles along with e-bikes and battery-powered electric vehicles. The United States (U.S) in the region is a prominent consumer of battery management systems and is on the way to achieve better position in the coming years. Europe combined with Asia Pacific, are other major regions that generate significant demand for battery management systems.








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