Top Companies in the Battery Management System Market | Leading Industry Players Study by VMR

The brain behind battery packs is a Battery Management System. It is an electronic system that regulates and monitors the charging and discharging of batteries, as well as providing information regarding their status and condition.

Top Companies in the Battery Management System Market | Leading Industry Players Study by VMR
battery management system market

Upcoming Trends for Battery Management System Market

The Global Battery Management System Market is valued at USD 6,182.50 Million in the year 2021 and is projected to reach a value of USD 17,118.80 Million by the year 2028. The Global Market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 18.50% over the forecast period. Battery Management Systems are the brains behind battery packs. A battery management system (BMS) is an electronic controller that controls and monitors the charging and discharging of rechargeable batteries. They also provide notification of battery pack, and critical safeguards to protect the batteries from damage.

The major factor driving the growth of battery management systems market is the rising demand for ups systems. The UPS systems are used as an essential power backup device. The accelerating shift toward the Internet of Things (IoT), digitization, and Hardware computing is increasing the adoption of uninterruptible power supply (UPS) systems across different applications globally. The UPS systems use computers to smoothen their workflows. E-Commerce, servers, data centers, and medical & electronic equipment need a high level of uninterrupted power supply and thus generating significant demand for a high-power range of UPS systems globally. Moreover, the increasing use of battery-operated devices is also expected to propel the growth of the battery management systems market globally.

However, a lack of policies and infrastructure in developing economies for the development of battery vehicles may affect the growth of the battery management system market. The lack of domestic technical capabilities to develop and produce energy vehicle battery types is one of the most important obstacles in emerging regions.

Some of the major players in the battery management system market are as below:

Company Name

Revenue in USD

  • Leclanche

$27 Million

  • Lithium Balance

$6 Million

  • Nuvation Engineering

$13 Million

  • Eberspaecher Vecture Inc.

$29 Million

  • Storage Battery Systems, LLC

$22 Million

  • Johnson Matthey

$23 Billion

  • Maxim Integrated

$2 Billion

  • Toshiba

$28 Billion

  • Panasonic

$54 Billion

  • Lion Smart

$6 Million


  1. Leclanche

Leclanché is a Swiss Lithium-ion cells and energy storage solutions company founded in 1909. The company is headquartered in Yverdon-Les-Bains, Switzerland. Through a licensed ceramic separator technology and a focus on lithium–titanate technology, Leclanché manufactures large-format lithium-ion cells. The company is listed as LECN (SWX) on the Swiss stock market. In 2011 the company had 113 employees and had various subsidiaries such as Leclanché Lithium GmbH, Leclanché Gmbh, Leclanche North America, Inc, and Leclanché BVBA.

  1. Lithium Balance

Lithium Balance was founded in 2006 and is headquartered in Sorum, Denmark. The company is a privately held organization. The company is specialized in Lithium-Ion batteries, Battery chargers, Battery Management systems, Fast Charge, Datalogger, Engineering, and others.

  1. Nuvation Engineering

Founded in 1997, Nuvation Engineering is an electronic design company that provides hardware design, software development, and FPGA design services for electronic product development. The company is headquartered in Silicon Valley, California, with a Design Center in Waterloo, Ontario, Canada. Over the last two decades, the company has served over 400 customers and completed over 1000 engineering design projects.

  1. Eberspaecher Vecture Inc.

The Eberspächer Group is one of the world's leading system developers and suppliers to the automotive industry. With its three Divisions - Exhaust Technology, Climate Control Systems, and Automotive Controls - the Company is a valued innovation partner and pacesetter for automotive manufacturers worldwide.  Eberspächer stands for innovative solutions.  All European, North American, and increasingly Asian vehicle manufacturers utilize our groundbreaking technologies. We innovate rapidly to realize the mobility of tomorrow today. By offering innovative solutions we are one step ahead to cope with the ever more stringent emission standards, the complex thermal management of electrical drive types as well as the constantly growing demands placed on vehicle electronics.

  1. Storage Battery Systems, LLC

The company was founded in 1915 and is headquartered in Menomonee Falls, Wisconsin, United States. Battery Power Systems, LLC is a full-service electrical contractor specializing in backup power systems for telecom, wireless, UPS, broadband, and industrial applications. The company is a privately held organization consisting of approximately 200 employees.

  1. Johnson Matthey

Johnson Matthey is a British multinational specialty chemicals and sustainable technologies company headquartered in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company is listed on the London stock market as JMAT (LON). In 2021, the company generated revenue of USD 20 billion and has approximately 13,000 employees working.

  1. Maxim Integrated

Maxim Integrated, a subsidiary of Analog Devices, designs, manufactures and sells analog and mixed-signal integrated circuits for the automotive, industrial, communications, consumer, and computing markets. The company is headquartered in San Jose, California, United States, and generates revenue of USD 2.1 billion (2021).

  1. Toshiba

Toshiba Corporation is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Its diversified products and services include power, industrial and social infrastructure systems, elevators, and others. The company is listed in the Tokyo stock market as 6502 (TYO) and generated revenue of USD 28.81 billion in 2021. Currently, the company has approximately 1,41,256 employees working across the world. The company has two subsidiaries namely Tanaka Hisashige Ichisuke Fujioka.

  1. Panasonic

Panasonic Holdings Corporation, formerly Matsushita Electric Industrial Co., Ltd. between 1935 and 2008 and the first incarnation of Panasonic Corporation between 2008 and 2022, is a major Japanese multinational conglomerate company, headquartered in Kadoma, Osaka. The company is listed on the 6752 (TYO) Tokyo stock market. In 2021, the company generated a revenue of USD 58.49 billion. Currently, the company has 2,59,385 employees across the globe.

  1. Lion Smart

LION Smart is an innovative engineering service company for original equipment manufacturers (OEMs) and suppliers of the automotive industry as well as for additional industries. The company operates test facilities and test laboratories for electric storage devices with the TÜV SÜD AG (TÜV SÜD Battery Testing GmbH). As a high-quality engineering service company, LION Smart also offers advisory services in lithium-ion storage technology and performs a promising research program in this field.

Read Latest Blog Top Companies in the Embedded Hypervisor Market:

Get a Free Sample Here:

For More Information about each of these companies.
Vantage Market Research Report comes up with a detailed analysis of each major player in the industry. The Study provides Global market size & share, Emerging trends, an in-depth analysis of key players, Development opportunities, Sales, and a Revenue Forecast.