Battery Management System Market Size, Company Revenue Share, Key Drivers, and Trend Analysis,
The global Battery Management System (BMS) market size was USD 7.43 Billion in 2021 and is expected to register a revenue CAGR of 20.4% during the forecast period, according to the latest analysis by Emergen Research. Growing advancements in battery management system technologies and rising demand for Electric Vehicles (EVs) are major factors projected to support market revenue growth between 2021 and 2030. A battery pack is an assembly of battery cells under the control of BMS, which monitors battery, provides battery protection, estimates battery’s operational state, optimizes battery performance, and reports operational status to external devices. Rechargeable batteries are controlled by BMS, which makes sure they function effectively and securely. The circuit board of a BMS, which contains a number of electronic components, helps to raise e battery pack's ambient temperature. Heat management is a crucial component for maintaining vehicle safety because entire mechanism operat...