China Power Battery Management System (BMS) Industry 2014- Global Market Size, Share, Trend and Forecast 2017
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Albany, NY (PRWEB) August 21, 2014
BMS is a key component of electric vehicles and hybrid vehicles. To ensure safe and reliable operation of batteries, BMS needs to have various functions such as battery status monitoring and assessment, charging and discharging control, balancing and so forth.
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The fire accidents of electric vehicles (particularly pure electric vehicles) since 2013 result in consumers’ concerns about the safety of electric vehicles. Compared with HEV, PHEV and BEV have more complex battery system structure, which requires more excellent battery endurance and safety; therefore, PHEV and BEV need more mature and reliable BMS. The BMS industry will benefit from the expansion of the electric vehicle market.
Meanwhile, the battery vendor LGC has established cooperative relationship with GM, Ford, Volvo and many other enterprises by providing power battery packs and related BMS to them. As for automobile companies, Tesla performs remarkably with advanced BMS technology. In contrast, professional BMS firms develop relatively slower due to technical and financial factors.
First, third-party BMS vendors, such as Epower Electronics, GuanTuo Power and LIGOO New Energy Technology. Among them, the products of Epower Electronics are used most widely and adopted by Changan, Dongfeng, BAIC, Foton, JAC, Zotye and so on.
Second, battery system packaging companies represented by Guoxuan High-tech and Winston Battery. Guoxuan High-tech serves JAC and Ankai Automobile with battery modules and BMS.
Third, vehicle manufacturers, including BYD and BAIC BJEV. BYD integrates batteries and BMS with electric vehicle R & D, and shows advantages in terms of cost and efficiency.
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The value of the GBM market in the APAC region amounted to an estimated $49.4m in 2013, and is expected to register a Compound Annual Growth Rate (CAGR) of 11.5%, to reach $105.8m by 2020. The GBM market in India was the smallest of the APAC markets in 2013, but is expected to experience the highest growth rate in the forecast period, at a CAGR of 14.4%, due to having the highest number of promising candidates in the pipeline. Japan currently has the largest share of GBM market in the APAC region, at 48%, and is expected to experience healthy growth during the forecast period at a CAGR of 13.8%.
A brief introduction to GBM, including disease pathogenesis, risk factors, diagnosis, treatment options and algorithm
In-depth analysis of major marketed products, covering product performance, life-cycle, and a heat map depicting comparative analysis of safety and efficacy parameters
A comprehensive review of the GBM pipeline – including individual analysis of promising late-stage pipeline drugs that are likely to enter the market during the forecast period – analyzed on the basis of phase distribution, molecule types and molecular targets
Additional clinical trial analysis by phase, trial size, trial duration and program failure rate analyses, for each molecule type and mechanism of action
Multi-scenario forecasts of the GBM market from 2013 to 2020 in the four APAC countries
An overview of key licensing and co-development agreements that could have an impact on growth trends
Analysis of the key drivers and restraints that have had and are expected to have a significant impact on the market
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For the original version on PRWeb visit: http://www.prweb.com/releases/2014/08/prweb12111508.htm