Battery Management System Market
Future Market Insights (FMI) delivers key insights on the global battery management system (BMS) market in its latest report titled, “Battery Management System Market: Global Industry Analysis and Opportunity Assessment, 2015–2025”. Global battery management system market revenue is expected to increase at a CAGR of 19.9% during the forecast period (2015–2025).
Battery management system is an electronic system that helps to maintain optimal health of rechargeable batteries. BMS controls load environment, monitors battery state and accordingly balances battery charging. Battery management system prolongs battery life, helps to prevent battery damage due to overcharging and voltage fluctuations and manages optimal state of charging. BMS interfaces with the host application to provide real-time information regarding battery health. BMS follows three types of topologies, which are distributed, centralized and modular. Distributed BMS has a single communication cable controller and battery; a cell board is installed at each cell. Centralized BMS has a single controller and is connected to battery cells with communication wires. Modular BMS has multiple controllers, with each controller handling a certain number of cells.