The North America Automotive Battery Management System Market would witness market growth of 19.6% CAGR during the forecast period (2023-2030).
The North America automotive industry is undergoing a remarkable transformation, with a strong emphasis on electric and hybrid vehicles. This shift towards electrification is not only driven by the need to lower greenhouse gas emissions but also by consumer demand for cleaner and more efficient transportation. As electric vehicles (EVs) and hybrid vehicles become increasingly popular, automotive battery management systems (BMS) are playing a pivotal role in ensuring the efficient and safe operation of batteries.
The pressing need to reduce carbon emissions and combat climate change has led governments to implement stringent regulations and incentives to promote electric and hybrid vehicles. In response to these environmental concerns, automakers are investing heavily in EVs, leading to a surge in demand for advanced battery management systems. The adoption of electric vehicles is on the rise, driven by factors such as falling battery costs, increased charging infrastructure, and a growing awareness of the benefits of electric mobility. As the EV sector expands, so does the demand for automotive battery management systems.
North America has seen a substantial increase in the sales of electric vehicles. Various states and provinces in North America offer incentives to promote EV adoption. These incentives include tax credits and access to high-occupancy vehicle (HOV) lanes. Government support encourages consumers to choose electric vehicles, driving the demand for BMS technology. North America has been investing in the development of a robust charging infrastructure. The growth of charging networks, including fast-charging stations, enhances the practicality and convenience of electric vehicles, further driving adoption. The factors mentioned above will propel market growth in this region.
The US market dominated the North America Automotive Battery Management System Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,960.5 million by 2030. The Canada market is experiencing a CAGR of 22.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 21.3% during (2023 - 2030).
Based on Component, the market is segmented into Hardware, and Software. Based on Battery Type, the market is segmented into Lithium-ion, Lead-acid, and Others. Based on Application, the market is segmented into Passenger Vehicles, Commercial Vehicles, and Others. Based on Topology, the market is segmented into Modular, Centralized, and Distributed. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Automotive Battery Management System Market is Predict to reach $16.6 Billion by 2030, at a CAGR of 19.8%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Eberspächer Gruppe GmbH & Co. KG, Sensata Technologies Holding PLC, AVL List Gmbh, LG Energy Solution Ltd., Ficosa International S.A, Leclanché S.A, Nuvation Energy, Futavis Gmbh (Deutz AG), Toshiba Corporation, Elithion, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Battery Type
- Lithium-ion
- Lead-acid
- Others
By Application
- Passenger Vehicles
- Commercial Vehicles
- Others
By Topology
- Modular
- Centralized
- Distributed
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Eberspächer Gruppe GmbH & Co. KG
- Sensata Technologies Holding PLC
- AVL List Gmbh
- LG Energy Solution Ltd.
- Ficosa International S.A
- Leclanché S.A
- Nuvation Energy
- Futavis Gmbh
- Toshiba Corporation
- Elithion, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive Battery Management System Market, by Component
1.4.2 North America Automotive Battery Management System Market, by Battery Type
1.4.3 North America Automotive Battery Management System Market, by Application
1.4.4 North America Automotive Battery Management System Market, by Topology
1.4.5 North America Automotive Battery Management System Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Aug – 2023, Oct) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. North America Automotive Battery Management System Market by Component
5.1 North America Hardware Market by Country
5.2 North America Software Market by Country
Chapter 6. North America Automotive Battery Management System Market by Battery Type
6.1 North America Lithium-ion Market by Country
6.2 North America Lead-acid Market by Country
6.3 North America Others Market by Country
Chapter 7. North America Automotive Battery Management System Market by Application
7.1 North America Passenger Vehicles Market by Country
7.2 North America Commercial Vehicles Market by Country
7.3 North America Others Market by Country
Chapter 8. North America Automotive Battery Management System Market by Topology
8.1 North America Modular Market by Country
8.2 North America Centralized Market by Country
8.3 North America Distributed Market by Country
Chapter 9. North America Automotive Battery Management System Market by Country
9.1 US Automotive Battery Management System Market
9.1.1 US Automotive Battery Management System Market by Component
9.1.2 US Automotive Battery Management System Market by Battery Type
9.1.3 US Automotive Battery Management System Market by Application
9.1.4 US Automotive Battery Management System Market by Topology
9.2 Canada Automotive Battery Management System Market
9.2.1 Canada Automotive Battery Management System Market by Component
9.2.2 Canada Automotive Battery Management System Market by Battery Type
9.2.3 Canada Automotive Battery Management System Market by Application
9.2.4 Canada Automotive Battery Management System Market by Topology
9.3 Mexico Automotive Battery Management System Market
9.3.1 Mexico Automotive Battery Management System Market by Component
9.3.2 Mexico Automotive Battery Management System Market by Battery Type
9.3.3 Mexico Automotive Battery Management System Market by Application
9.3.4 Mexico Automotive Battery Management System Market by Topology
9.4 Rest of North America Automotive Battery Management System Market
9.4.1 Rest of North America Automotive Battery Management System Market by Component
9.4.2 Rest of North America Automotive Battery Management System Market by Battery Type
9.4.3 Rest of North America Automotive Battery Management System Market by Application
9.4.4 Rest of North America Automotive Battery Management System Market by Topology
Chapter 10. Company Profiles
10.1 Eberspächer Gruppe GmbH & Co. KG
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional & Segmental Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Sensata Technologies Holdings PLC
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Product Launches and Product Expansions:
10.2.5.2 Acquisition and Mergers:
10.2.6 SWOT Analysis
10.3 AVL List GmbH
10.3.1 Company Overview
10.3.2 SWOT Analysis
10.4 LG Energy Solution Ltd.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Research & Development Expense
10.4.4 Recent strategies and developments:
10.4.4.1 Partnerships, Collaborations, and Agreements:
10.4.4.2 Acquisition and Mergers:
10.4.5 SWOT Analysis
10.5 Ficosa International, S.A.
10.5.1 Company Overview
10.5.2 SWOT Analysis
10.6 Leclanché S.A.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.6 SWOT Analysis
10.7 Toshiba Corporation
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research and Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.7.5.2 Product Launches and Product Expansions:
10.7.6 SWOT Analysis
10.8 Nuvation Energy (Nuvation Research Corporation)
10.8.1 Company Overview
10.8.2 Recent strategies and developments:
10.8.2.1 Partnerships, Collaborations, and Agreements:
10.8.3 SWOT Analysis
10.9 Futavis GmbH (Deutz AG)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. Elithion, Inc.
10.10.1 Company Overview
10.10.2 SWOT Analysis
TABLE 1 North America Automotive Battery Management System Market, 2019 - 2022, USD Million
TABLE 2 North America Automotive Battery Management System Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Automotive Battery Managment System Market
TABLE 4 Product Launches And Product Expansions– Automotive Battery Managment System Market
TABLE 5 Acquisition and Mergers– Automotive Battery Managment System Market
TABLE 6 North America Automotive Battery Management System Market by Component, 2019 - 2022, USD Million
TABLE 7 North America Automotive Battery Management System Market by Component, 2023 - 2030, USD Million
TABLE 8 North America Hardware Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Hardware Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Software Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Software Market by Country, 2023 - 2030, USD Million
TABLE 12 North America Automotive Battery Management System Market by Battery Type, 2019 - 2022, USD Million
TABLE 13 North America Automotive Battery Management System Market by Battery Type, 2023 - 2030, USD Million
TABLE 14 North America Lithium-ion Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Lithium-ion Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Lead-acid Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Lead-acid Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 20 North America Automotive Battery Management System Market by Application, 2019 - 2022, USD Million
TABLE 21 North America Automotive Battery Management System Market by Application, 2023 - 2030, USD Million
TABLE 22 North America Passenger Vehicles Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Passenger Vehicles Market by Country, 2023 - 2030, USD Million
TABLE 24 North America Commercial Vehicles Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Commercial Vehicles Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 28 North America Automotive Battery Management System Market by Topology, 2019 - 2022, USD Million
TABLE 29 North America Automotive Battery Management System Market by Topology, 2023 - 2030, USD Million
TABLE 30 North America Modular Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Modular Market by Country, 2023 - 2030, USD Million
TABLE 32 North America Centralized Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Centralized Market by Country, 2023 - 2030, USD Million
TABLE 34 North America Distributed Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Distributed Market by Country, 2023 - 2030, USD Million
TABLE 36 North America Automotive Battery Management System Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Automotive Battery Management System Market by Country, 2023 - 2030, USD Million
TABLE 38 US Automotive Battery Management System Market, 2019 - 2022, USD Million
TABLE 39 US Automotive Battery Management System Market, 2023 - 2030, USD Million
TABLE 40 US Automotive Battery Management System Market by Component, 2019 - 2022, USD Million
TABLE 41 US Automotive Battery Management System Market by Component, 2023 - 2030, USD Million
TABLE 42 US Automotive Battery Management System Market by Battery Type, 2019 - 2022, USD Million
TABLE 43 US Automotive Battery Management System Market by Battery Type, 2023 - 2030, USD Million
TABLE 44 US Automotive Battery Management System Market by Application, 2019 - 2022, USD Million
TABLE 45 US Automotive Battery Management System Market by Application, 2023 - 2030, USD Million
TABLE 46 US Automotive Battery Management System Market by Topology, 2019 - 2022, USD Million
TABLE 47 US Automotive Battery Management System Market by Topology, 2023 - 2030, USD Million
TABLE 48 Canada Automotive Battery Management System Market, 2019 - 2022, USD Million
TABLE 49 Canada Automotive Battery Management System Market, 2023 - 2030, USD Million
TABLE 50 Canada Automotive Battery Management System Market by Component, 2019 - 2022, USD Million
TABLE 51 Canada Automotive Battery Management System Market by Component, 2023 - 2030, USD Million
TABLE 52 Canada Automotive Battery Management System Market by Battery Type, 2019 - 2022, USD Million
TABLE 53 Canada Automotive Battery Management System Market by Battery Type, 2023 - 2030, USD Million
TABLE 54 Canada Automotive Battery Management System Market by Application, 2019 - 2022, USD Million
TABLE 55 Canada Automotive Battery Management System Market by Application, 2023 - 2030, USD Million
TABLE 56 Canada Automotive Battery Management System Market by Topology, 2019 - 2022, USD Million
TABLE 57 Canada Automotive Battery Management System Market by Topology, 2023 - 2030, USD Million
TABLE 58 Mexico Automotive Battery Management System Market, 2019 - 2022, USD Million
TABLE 59 Mexico Automotive Battery Management System Market, 2023 - 2030, USD Million
TABLE 60 Mexico Automotive Battery Management System Market by Component, 2019 - 2022, USD Million
TABLE 61 Mexico Automotive Battery Management System Market by Component, 2023 - 2030, USD Million
TABLE 62 Mexico Automotive Battery Management System Market by Battery Type, 2019 - 2022, USD Million
TABLE 63 Mexico Automotive Battery Management System Market by Battery Type, 2023 - 2030, USD Million
TABLE 64 Mexico Automotive Battery Management System Market by Application, 2019 - 2022, USD Million
TABLE 65 Mexico Automotive Battery Management System Market by Application, 2023 - 2030, USD Million
TABLE 66 Mexico Automotive Battery Management System Market by Topology, 2019 - 2022, USD Million
TABLE 67 Mexico Automotive Battery Management System Market by Topology, 2023 - 2030, USD Million
TABLE 68 Rest of North America Automotive Battery Management System Market, 2019 - 2022, USD Million
TABLE 69 Rest of North America Automotive Battery Management System Market, 2023 - 2030, USD Million
TABLE 70 Rest of North America Automotive Battery Management System Market by Component, 2019 - 2022, USD Million
TABLE 71 Rest of North America Automotive Battery Management System Market by Component, 2023 - 2030, USD Million
TABLE 72 Rest of North America Automotive Battery Management System Market by Battery Type, 2019 - 2022, USD Million
TABLE 73 Rest of North America Automotive Battery Management System Market by Battery Type, 2023 - 2030, USD Million
TABLE 74 Rest of North America Automotive Battery Management System Market by Application, 2019 - 2022, USD Million
TABLE 75 Rest of North America Automotive Battery Management System Market by Application, 2023 - 2030, USD Million
TABLE 76 Rest of North America Automotive Battery Management System Market by Topology, 2019 - 2022, USD Million
TABLE 77 Rest of North America Automotive Battery Management System Market by Topology, 2023 - 2030, USD Million
TABLE 78 Key information – Eberspächer Gruppe GmbH & Co. KG
TABLE 79 Key Information – Sensata Technologies Holdings PLC
TABLE 80 Key Information – AVL List GmbH
TABLE 81 key information – LG Energy Solution Ltd.
TABLE 82 Key Information – Ficosa International, S.A.
TABLE 83 Key Information – Leclanché S.A.
TABLE 84 Key Information – Toshiba Corporation
TABLE 85 Key Information – Nuvation Energy
TABLE 86 Key Information – Futavis GmbH
TABLE 87 Key Information – Elithion, inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Automotive Battery Management System Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Automotive Battery Management System Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2022
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Aug – 2023, Oct) Leading Players
FIG 8 Porter’s Five Forces Analysis - Automotive Battery Management System Market
FIG 9 North America Automotive Battery Management System Market share by Component, 2022
FIG 10 North America Automotive Battery Management System Market share by Component, 2030
FIG 11 North America Automotive Battery Management System Market by Component, 2019 - 2030, USD Million
FIG 12 North America Automotive Battery Management System Market share by Battery Type, 2022
FIG 13 North America Automotive Battery Management System Market share by Battery Type, 2030
FIG 14 North America Automotive Battery Management System Market by Battery Type, 2019 - 2030, USD Million
FIG 15 North America Automotive Battery Management System Market share by Application, 2022
FIG 16 North America Automotive Battery Management System Market share by Application, 2030
FIG 17 North America Automotive Battery Management System Market by Application, 2019 - 2030, USD Million
FIG 18 North America Automotive Battery Management System Market share by Topology, 2022
FIG 19 North America Automotive Battery Management System Market share by Topology, 2030
FIG 20 North America Automotive Battery Management System Market by Topology, 2019 - 2030, USD Million
FIG 21 North America Automotive Battery Management System Market share by Country, 2022
FIG 22 North America Automotive Battery Management System Market share by Country, 2030
FIG 23 North America Automotive Battery Management System Market by Country, 2019 - 2030, USD Million
FIG 24 SWOT Analysis: Eberspächer Gruppe GmbH & Co. KG
FIG 25 Recent strategies and developments: Sensata technologies , inc.
FIG 26 SWOT Analysis: Sensata Technologies Holdings PLC
FIG 27 SWOT Analysis: AVL List GmbH
FIG 28 Recent strategies and developments: LG Energy Solutions Ltd.
FIG 29 SWOT Analysis: LG Energy Solutions Ltd.
FIG 30 SWOT Analysis: Ficosa International, S.A.
FIG 31 SWOT Analysis: Leclanché S.A.
FIG 32 Recent strategies and developments: Toshiba Corporation
FIG 33 SWOT Analysis: Toshiba Corporation
FIG 34 SWOT Analysis: Nuvation Energy
FIG 35 SWOT Analysis: Futavis Gmbh
FIG 36 SWOT Analysis: Elithion, Inc.