Demand for Battery Management Systems to Flourish as Consumer Electronic Sales Witness Exponential Surge

Essential for managing the operations and handling of rechargeable batteries, with functions such as monitoring performance, retrieving secondary data, controlling battery environment, reporting and authenticating data, battery management systems (BMS) are anticipated to witness a higher rate of demand in the years to come. This can be attributed to the increasing use of rechargeable electric power sources for power tools, consumer electronics, and medical tools among others.

What is trending in the global battery management system market?

Electronics manufacturers around the world are emphasizing on size and weight reduction of their products. Owing to this, the manufacturers often incorporate light-weight materials in their products. A growing demand for fuel efficient and improved vehicle performance has resulted in rapid technological advancements in the development of hybrid or electric vehicle variants. To boost the use of battery storage, and to minimize the incidences of accidents from battery malfunctions, e-vehicles and hybrid vehicle manufacturers are increasingly making use of BMS systems in vehicles. In addition, the number of manufacturers in the BMS market have increased rapidly in the recent past, resulting in more intense competition. 

What innovations in BMS systems, will make a significant difference to manufacturers?

Currently, battery management system manufacturers are increasingly investing in research and development, to increase the functionality of BMS such as predictions of battery failures, through precise analysis of gas emissions, wireless sensor systems, real-time modeling, predictive battery module operation, and simplifications of wire circuitry among others.

For example, Ventec Company released its range of iBMS systems, which offers increased configuration customization, charge and discharge control, integrated pre-charge, automatic charger detection, external wireless communications, and auto diagnostics functionality, to troubleshoot the BMS.

What are some manufacturing limitation associated with battery management systems?

 The demand for high voltage systems are on the rise. With increasing efforts to move away from the use of fossil fuels, towards zero emissions, and electrical operation of previously mechanical components is generating demand for BMS. In such an environment, circuit protection is essential owing to the high energy requirements of such systems. However, the high standard of safety regulations creates challenges for manufacturers owing to lack of expertise between the supplier and end users.

Moreover, with increasing dependence on electricity in different fields of applications, manufacturers are working to develop improvements in long term drift of measurements, accuracy, isolation, higher capacity, safety, and accuracy among others. These issues are also adversely affected by a shortage of proper standardization in regards to communication and safety, and constant evolution of components.

What are the major factors pushing the BMS market in Asia Pacific?

Increasing innovations in electrically powered vehicles, and the high adoption rate of wireless battery management systems in industrial and automotive sectors are largely considered as key market influencers. Demand for electric and hybrid vehicles owing to emission control regulations, are driving battery management system for the automotive industry in this region.

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About Abhishek Budholiya 86 Articles
Abhishek Budholiya is a tech blogger, digital marketing pro, and has contributed to numerous tech magazines. Currently, as a technology and digital branding consultant, he offers his analysis on the tech market research landscape. His forte is analysing the commercial viability of a new breakthrough, a trait you can see in his writing. When he is not ruminating about the tech world, he can be found playing table tennis or hanging out with his friends.