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Battery Management Systems Poised for Record Growth as Energy Storage Markets Ignite

The battery management systems (BMS) sector is poised for impressive growth, driven by both Chinese large-scale storage needs and overseas household storage markets. The BMS market is set to expand by over 230% in 2022, a trend which is anticipated to continue. Projections indicate that the Chinese domestic lithium battery energy storage BMS market alone will reach $2.8bn by 2025.

Energy storage power stations, unlike automotive BMS, comprise thousands of individual cells connected in parallel. These systems are more intricate, having to manage deeper charge and discharge cycles and longer life spans, thus requiring BMS that can handle. . .

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