Top 6 Companies in Global Battery Management System Market

According to the research report, “Global Battery Management System Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 20 Billion by 2029, increasing from USD 8.67 Billion in 2023. The market is expected to grow with 19.35% CAGR by 2024-29. Lithium-ion battery components are leading in the Battery Management System industry due to their high energy density, superior performance, and widespread adoption across various applications, driving the demand for advanced BMS solutions tailored to lithium-ion chemistrie.

Largest Battery Management System Companies in the World.

1. Renesas Electronics Corporation

The company was established on November 1, 2002 as the former company, NEC Electronics, but it started operation on April 1, 2010, as Renesas Electronics through an integration of Renesas Technology. Company Financial Year 2023 revenue is 1469.3 Billion yen. Renesas Electronics Corp. engages in the design, research, development, manufacture, sale and servicing of semiconductor products. It operates through the following business divisions: Automotive Business and General Purpose Business. The company has business presence across Europe, the Americas, and Asia-pacific. Renesas is headquartered in Koto-Ku, Tokyo, Japan.

2. Johnson Matthey plc

Johnson Matthey has come a long way since being founded in 1817. Johnson Matthey Plc engages in the manufacture of measuring devices. It operates through the following segments: Clean Air, Efficient Natural Resources, Health, New Markets, and Corporate. Johnson Matthey Battery Systems is a manufacturer and supplier of battery systems to OEMs. Manufactures batteries for electric and hybrid electric vehicles. In 2023, JM's revenue was 14,933 Million Euro with a gross profit of 994 Million Euro. The company operates in the UK, Germany, the US, Mexico, Belgium, Russia, Japan, Malaysia, India, South Africa, and China among others. Johnson Matthey is headquartered in London, Greater London, the UK.

3. Toshiba Corporation

Toshiba Corporation is a Japanese multinational electronics company that was founded in 1875 and is headquartered in Minato, Tokyo. It operates through the following segments: Energy Systems Solutions, Infrastructure Systems Solutions, Retail and Printing Solutions, Storage and Device Solutions, Industrial ICT Solutions, and Others. Company Financial Year 2023 revenue is 3285.6 Million Yen. Toshiba has business operations across Asia-Pacific, Europe, the Middle East, Africa, and the Americas.

4. Analog Devices, Inc.

The company was founded by two MIT graduates, Ray Stata and Matthew Lorber in 1965. ADI combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility, and digital healthcare, combat climate change, and reliably connect humans and the world. With revenue of more than $12 billion in FY23 and approximately 26,000 people globally working alongside 125,000 global customers. The company has direct sales offices, sales representatives and/or distributors in over 50 countries. As of October 28, 2023, company held approximately 4,842 U.S. patents and approximately 416 published pending U.S. patent applications.

5.Eberspächer Group

Jakob Eberspächer, a master tinsmith, founded the Eberspächer company in 1865 as an artisan workshop. Eberspächer is a family-owned German company that develops and supplies systems for the automotive industry. They specialize in exhaust technology, climate control systems, and automotive controls for a variety of vehicle types. Their products are used by major automotive manufacturers around the world, including European, North American, and Asian companies. With around 10,700 employees at 80 locations worldwide, the Eberspächer Group ranks as a leading system developer and supplier in the automotive industry. In 2022, the Group of Companies generated consolidated revenue totaling over 6.4 billion euro.

6. Leclanche SA

Leclanché was founded in 1909 in Yverdon-les-Bains in the Swiss canton of Vaud. The company is named after the Leclanché cell invented and patented by the French scientist Georges Leclanché in 1866. Leclanché SA is a global company that provides energy storage solutions based on lithium-ion cell technology. 2022 Revenues of CHF 18.0 million, delivering a notable increase in the second half of the year, and an EBITDA loss CHF 57.5 million compared to 44.9 million in 2021.The company's business operations span Europe, Asia and North America. Leclanché is headquartered in Yverdon-Les-Bains, Switzerland.