Disruptive innovation boosts Battery Management Systems market
Features such as restricting overdesign, wireless control, prior prediction and predictive BMS are all offering significant growth opportunities in a rapidly evolving ecosystem, says the report titled ‘Emerging Innovations in Battery Management Systems’.
This looks across the automotive, healthcare, telecommunications, consumer electronics, and utility grid markets and identifies the emerging innovations and technology developments within this sector with a focus on future outlook, adoption trends, strategic insights, and key innovators.
“With the demand for electric and hybrid vehicles escalating in recent years due to emission control issues, BMS innovations in the automotive segment will significantly boost market growth,” said Kowtham Kumar Kannadasan, research analyst at Frost & Sullivan TechVision. “Automotive manufacturers are investing heavily in research and development to produce advanced BMS solutions for effectively facilitating electrical aging characteristics due to induced vibrations in rechargeable energy storage systems.”
Other developments and growth opportunities include the need for large-scale BMS with enhanced electronics design, electrochemistry, and cell modelling in data centre industry in the next five to seven years, as well as integrating the BMS with improved prognostics, diagnostics functions, and multi-industry certification to raise safety standards;
Wireless charging of batteries in smartphones, desktop computers, and laptops and improvements in materials will also boost BMS development.
With batteries acting as a power back-up in transmission towers and wireless switching offices ther is also a higher need for a BMS to handle high-rate brief discharges and state of health (SoH) of the battery pack.
“On the flip side, an increased number of local manufacturers are offering products with multiple specifications that are widely limiting the identification of standard products and impacting the product quality,” said Kannadasan. “In addition, the rising adoption of luxury features such as climate control, on-board entertainment, and in-seat heating are adding more challenges for manufacturers to develop BMS models that are able to handle extra functionalities while keeping the system design less complex.”
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