Energy Storage System (ESS) Battery Management System (BMS) Market Research Report Information By Battery Type (Lithium-ion Based, Advance Lead-Acid, Nickel-Based, Flow Batteries), By Topology (Centralized, Modular, and Distributed), And By Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Industry Size, Share and Forecast Till 2032

TABLE OF CONTENTS

1 Executive Summary 25

1.1 MARKET ATTRACTIVENESS ANALYSIS 27

2 Market Introduction 28

2.1 Definition 28

2.2 Scope of the Study 28

2.3 Research Objective 28

2.4 Market Structure 29

3 Research Methodology 30

4 Market Dynamics 36

4.1 Introduction 36

4.2 Drivers 37

4.2.1 Rise in demand for Energy Storage systems for Transportation & Electric Vehicles (EVs) 37

4.2.2 Increasing demand for grid energy storage systems owing to ongoing grid modernization 38

4.2.3 Growing penetration of lithium-ion batteries in renewable energy sector 38

4.2.4 Drivers Impact Analysis 39

4.3 Restraints 40

4.3.1 High cost associated with battery energy storage systems 40

4.4 OPPORTUNITIES 41

4.4.1 Surge in number of rural electrification projects worldwide 41

4.4.2 Increase in need for continuous power supply for the datacenters 41

4.5 CHALLENGES 42

4.5.1 Overheating issue in case of lithium-ion batteries 42

4.6 Impact Analysis of covid-19 42

4.6.1 Impact on Energy Storage Systems Providers 42

4.6.2 IMPACT ON SEMICONDUCTOR MANUFACTURERS 43

4.6.3 IMPACT ON DEVICE MANUFACTURERS 43

5 Market Factor Analysis 44

5.1 VALUE chain analysis 44

5.1.1 RAW MATERIAL PROVIDERS 44

5.1.2 COMPONENT MANUFACTURERS 44

5.1.3 SYSTEM INTEGRATORS 44

5.1.4 END USE 46

5.2 Porter's Five Forces Model 46

5.2.1 Threat of New Entrants 46

5.2.2 Bargaining Power of Suppliers 47

5.2.3 Threat of Substitutes 47

5.2.4 Bargaining Power of Buyers 47

5.2.5 Intensity of Rivalry 47

5.3 Pricing Trend Analysis ($/Unit) (2018-2032) 47

5.3.1 Pricing Trend Analysis ($/Unit) By North America 47

5.3.2 Pricing Trend Analysis ($/Unit) By Europe 48

5.3.3 Pricing Trend Analysis ($/Unit) By Asia-Pacific 48

5.3.4 Pricing Trend Analysis ($/Unit) By Middle East & Africa 48

5.3.5 Pricing Trend Analysis ($/Unit) By South America 48

6 GLOBAL ENERGY STORAGE SYSTEM (ESS) BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY BATTERY TYPE 49

6.1 OVERVIEW 49

6.1.1 Global Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 50

6.1.2 Global Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 50

6.2 Lithium-ion Based 50

6.3 ADVANCED LEAD-ACID 51

6.4 NICKEL-BASED 51

6.5 FLOW BATTERIES 51

7 GLOBAL ENERGY STORAGE SYSTEM (ESS) BATTERY MANAGEMENT SYSTEM (BMS) MARKET, BY TOPOLOGY 52

7.1 OVERVIEW 52

7.1.1 Global Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 53

7.1.2 Global Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 53

7.2 Centralized 53

7.3 MODULAR 54

7.4 DISTRIBUTED 54

8 Global Energy Storage System (ESS) Battery Management System (BMS) market, BY Region 55

8.1 OVERVIEW 55

8.1.1 Global Energy Storage System (ESS) Battery Management System (BMS) market, by Region, 2022 VS 2032 (USD MILLION) 56

8.1.2 Global Energy Storage System (ESS) Battery Management System (BMS) market, BY Region, 2019–2032 (USD MILLION) 56

8.1.3 Global Energy Storage System (ESS) Battery Management System (BMS) market, BY Region, 2019–2032 (UNITS) 57

8.2 North america 58

8.2.1 North america: ENERGY STORAGE SYSTEM (ESS) BATTERY MANAGEMENT SYSTEM (BMS) market, BY Country, 2019–2032 (USD MILLION) 59

8.2.2 North america: ENERGY STORAGE SYSTEM (ESS) BATTERY MANAGEMENT SYSTEM (BMS) market, BY Country, 2019–2032 (UNITS) 59

8.2.3 North America Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 60

8.2.4 North America Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 60

8.2.5 North America Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 61

8.2.6 North America Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 61

8.2.7 US 62

8.2.8 US Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 62

8.2.9 US Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 62

8.2.10 US Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 63

8.2.11 US Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 63

8.2.12 Canada 63

8.2.13 Canada Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 63

8.2.14 Canada Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 64

8.2.15 Canada Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 64

8.2.16 Canada Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 64

8.2.17 Mexico 65

8.2.18 Mexico Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 65

8.2.19 Mexico Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 65

8.2.20 Mexico Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 66

8.2.21 Mexico Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 66

8.3 Europe 67

8.3.1 Europe: ENERGY STORAGE SYSTEM (ESS) BATTERY MANAGEMENT SYSTEM (BMS) market, BY Country, 2019–2032 (USD MILLION) 68

8.3.2 Europe: ENERGY STORAGE SYSTEM (ESS) BATTERY MANAGEMENT SYSTEM (BMS) market, BY Country, 2019–2032 (UNITS) 68

8.3.3 Europe Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 69

8.3.4 Europe Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 69

8.3.5 Europe Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 70

8.3.6 Europe Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 71

8.3.7 Germany 71

8.3.8 Germany Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 71

8.3.9 Germany Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 71

8.3.10 Germany Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 72

8.3.11 Germany Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 72

8.3.12 UK 72

8.3.13 UK Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 72

8.3.14 UK Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 73

8.3.15 UK Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 73

8.3.16 UK Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 73

8.3.17 France 74

8.3.18 France Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 74

8.3.19 France Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 74

8.3.20 France Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 75

8.3.21 France Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 75

8.3.22 Italy 75

8.3.23 Italy Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 75

8.3.24 Italy Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 76

8.3.25 Italy Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 76

8.3.26 Italy Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 76

8.3.27 Rest of Europe 77

8.3.28 Rest of europe Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 77

8.3.29 Rest of europe Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 77

8.3.30 Rest of europe Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 78

8.3.31 Rest of europe Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 78

8.4 Asia-Pacific 79

8.4.1 Asia-Pacific: ENERGY STORAGE SYSTEM (ESS) BATTERY MANAGEMENT SYSTEM (BMS) market, BY Country, 2019–2032 (USD MILLION) 80

8.4.2 Asia-Pacific: ENERGY STORAGE SYSTEM (ESS) BATTERY MANAGEMENT SYSTEM (BMS) market, BY Country, 2019–2032 (UNITS) 80

8.4.3 Asia-Pacific Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 81

8.4.4 Asia Pacific Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 81

8.4.5 Asia Pacific Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 82

8.4.6 Asia Pacific Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 83

8.4.7 Asia Pacific Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 83

8.4.8 China 83

8.4.9 China Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 83

8.4.10 China Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 84

8.4.11 China Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 84

8.4.12 China Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 84

8.4.13 japan 85

8.4.14 Japan Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 85

8.4.15 Japan Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 85

8.4.16 Japan Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 85

8.4.17 Japan Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 86

8.4.18 India 86

8.4.19 India Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 86

8.4.20 India Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 87

8.4.21 India Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 87

8.4.22 India Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 87

8.4.23 South Korea 88

8.4.24 south korea Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 88

8.4.25 south korea Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 88

8.4.26 south korea Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 88

8.4.27 south korea Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 89

8.4.28 Australia 89

8.4.29 Australia Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 89

8.4.30 australia Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 89

8.4.31 australia Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 90

8.4.32 australia Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 90

8.4.33 australia Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 90

8.4.34 Rest of Asia-Pacific 91

8.4.35 rest of asia pacific Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 91

8.4.36 rest of asia pacific Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 91

8.4.37 rest of asia pacific Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 91

8.4.38 rest of asia pacific Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 92

8.5 Middle East & Africa 92

8.5.1 Middle East & Africa: ENERGY STORAGE SYSTEM (ESS) BATTERY MANAGEMENT SYSTEM (BMS) market, BY Country, 2019–2032 (USD MILLION) 94

8.5.2 Middle East & Africa: ENERGY STORAGE SYSTEM (ESS) BATTERY MANAGEMENT SYSTEM (BMS) market, BY Country, 2019–2032 (UNITS) 94

8.5.3 middle east and africa Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 95

8.5.4 middle east and africa Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 95

8.5.5 middle east and africa Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 96

8.5.6 middle east and africa Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 96

8.5.7 GCC Countries 97

8.5.8 GCC Countries Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 97

8.5.9 GCC Countries Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 97

8.5.10 GCC Countries Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 98

8.5.11 GCC Countries Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 98

8.5.12 south africa 98

8.5.13 South Africa Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 98

8.5.14 South Africa Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 99

8.5.15 South Africa Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 99

8.5.16 South Africa Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 99

8.5.17 Rest of Middle East & Africa 100

8.5.18 Rest of Middle East & Africa Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 100

8.5.19 Rest of Middle East & Africa Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 100

8.5.20 Rest of Middle East & Africa Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 100

8.5.21 Rest of Middle East & Africa Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 101

8.6 SOUTH America 102

8.6.1 South America: ENERGY STORAGE SYSTEM (ESS) BATTERY MANAGEMENT SYSTEM (BMS) market, BY Country, 2019–2032 (USD MILLION) 103

8.6.2 South America: ENERGY STORAGE SYSTEM (ESS) BATTERY MANAGEMENT SYSTEM (BMS) market, BY Country, 2019–2032 (UNITS) 103

8.6.3 south america Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 104

8.6.4 south america Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 104

8.6.5 south america Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 105

8.6.6 south america Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 105

8.6.7 Brazil 106

8.6.8 brazil Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 106

8.6.9 brazil Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 106

8.6.10 brazil Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 107

8.6.11 brazil Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 107

8.6.12 argentina 107

8.6.13 Argentina Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 107

8.6.14 Argentina Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 108

8.6.15 Argentina Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 108

8.6.16 Argentina Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 108

8.6.17 Rest of South America 109

8.6.18 Rest of South America Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (USD MILLION) 109

8.6.19 Rest of South America Energy Storage System (ESS) Battery Management System (BMS) market, BY BATTERY TYPE, 2019–2032 (UNITS) 109

8.6.20 Rest of South America Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (USD MILLION) 109

8.6.21 Rest of South America Energy Storage System (ESS) Battery Management System (BMS) market, BY TOPOLOGY, 2019–2032 (UNITS) 110

9 COMPETITIVE LANDSCAPE 111

9.1 Competitive benchmarking 112

9.2 Vendor share analysis 113

9.3 recent developments 113