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Report
Europe Automotive Battery Management System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Vehicle Type (Bus, Trucks, and Off-Highway Vehicle)
Market Report I 2023-01-13 I 173 Pages I The Insight Partners
The Europe automotive battery management system market is expected to grow from US$ 17.44 million in 2022 to US$ 40.77 million by 2028. It is estimated to grow at a CAGR of 15.2% from 2022 to 2028.
Government Initiatives and Policies Favoring Low-Emission Vehicles is Fueling the Europe Automotive Battery Management System Market
Governments of European Union countries are proactively taking steps to increase the adoption of EVs, especially cars, buses, and trucks. The Zero Emission Vehicle Infrastructure Program (ZEVIP) is a US$ 680 million initiative that will be active till 2027. As per the European Environment Agency, electric car registrations in 2020 were close to 1,325,000 units, up from 550,000 units in 2019. Furthermore, the recently proposed legislation by the European Commission sets targets to mitigate carbon emissions of cars by 55% and vans by 50% by 2030. It also proposes to completely cut emissions from cars and vans by 2035.Also, fuel economy standards were revised for trucks in the country in 2020, as the country is expected to reduce 80% of its automotive greenhouse gas emissions by 2050 through its automotive strategy. Such favorable initiatives and policies are anticipated to boost the adoption of EVs, such as cars, trucks, and vans, thereby driving the adoption of batteries and battery management systems. Thus, various government initiatives and policies favoring low-emission vehicles is fueling the Europe automotive battery management system market.
Europe Automotive Battery Management System Market Overview
Germany, France, Spain, the UK, and the Czech Republic are leading countries in Europe that produce the maximum number of motor vehicles and electric passenger cars. The automotive industry plays a significant role in the growth of Europe's prosperity, as it accounts for a significant portion in the region's GDP. As per the IEA data, electric car sales in Europe, continued to increase in 2021 by more than 65% year-on-year to 2.3 million, after the boom of 2020. EV sales remained strong even though the overall automotive market has not yet fully recovered from the pandemic. Therefore, the presence of a robust automotive industry in Europe boosts the demand for automotive battery management systems due to large-scale vehicle production. European Commission and national regulatory bodies take numerous initiatives to support the development of the automotive industry in the region. For instance, CARS 2020 Action Plan, GEAR 2030, and Horizon 2020 are a few major European government initiatives that augment the vehicle production. The Horizon 2020 Plan focuses on providing funds for research & development (R&D) activities in the industry by launching programs such as the European Green Vehicles Initiative for smart mobility, road transport, and logistics. Also, in July 2021, the European Commission proposed a revision of Regulation (EU) 2019/631 to reduce carbon emissions by cars and vans to achieve the EU's 2030 and 2050 climate objectives. The supportive government policies for mitigating carbon emissions increase the adoption of EVs. Such regulatory support from the European government propels the demand for battery management systems, which bolsters the Europe automotive battery management system market growth.
Europe Automotive Battery Management System Market Revenue and Forecast to 2028 (US$ Million)
Europe Automotive Battery Management System Market Segmentation
The Europe automotive battery management system market is segmented into by vehicle type and country.
Based on vehicle type, the Europe automotive battery management system market is segmented into bus, trucks, and off-highway vehicle. The bus segment held the largest market share in 2022. Based on country, the automotive battery management system market is segmented into Germany, France, Netherlands, the UK, and the Rest of Europe. The Rest of Europe dominated the market share in 2022. Continental AG; Dana Limited; GENTHERM; Hanon Systems; Mahle GmbH; Marelli Holdings Co., Ltd; NXP Semiconductors; Renesas Electronics Corporation; Robert Bosch GmbH and Valeo are the leading companies operating in the Europe automotive battery management system market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Automotive Battery Management System Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Automotive Battery Management System Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Sales of EVs and Expansion of EV Infrastructure
5.1.2 Government Initiatives and Policies Favoring Low-Emission Vehicles
5.2 Key Market Restraints
5.2.1 High Upfront Costs and Scalability Issues
5.3 Key Market Opportunities
5.3.1 Projected Rise in Demand for Electric Trucks and Buses
5.4 Trends
5.4.1 Wireless Battery Management Systems
5.5 Impact Analysis of Drivers and Restraints
6. Europe Automotive Battery Management System Market -Market Analysis
6.1 Europe Automotive Battery Management System Market Overview
6.2 Europe Automotive Battery Management System Market Forecast and Analysis
6.3 Europe Automotive Battery Management System Market Forecast and Analysis (Units)
7. Europe Automotive Battery Management System Market Analysis by Vehicle Type
7.1 Overview
7.2 Europe Automotive Battery Management System Market, By Vehicle Type (2021 and 2028)
7.3 Bus
7.3.1 Overview
7.3.2 Bus :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.3.3 List of Companies
7.3.4 Insights and Trends
7.3.4.1 School Bus
7.3.4.1.1 Overview
7.3.4.1.2 School Bus :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.3.4.2 Transit Bus
7.3.4.2.1 Overview
7.3.4.2.2 Transit Bus :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.3.4.3 Minibus
7.3.4.3.1 Overview
7.3.4.3.2 Minibus :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.3.4.4 Coach/Motor Coach
7.3.4.4.1 Overview
7.3.4.4.2 Coach/Motor Coach :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.3.4.5 Others
7.3.4.5.1 Overview
7.3.4.5.2 Others :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Trucks
7.4.1 Overview
7.4.2 Trucks :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.4.3 List of Companies
7.4.4 Insights and Trends
7.4.4.1 Light Commercial Vehicle
7.4.4.1.1 Overview
7.4.4.1.2 Light Commercial Vehicle :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.4.4.2 Heavy Commercial Vehicle
7.4.4.2.1 Overview
7.4.4.2.2 Heavy Commercial Vehicle :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.5 Off-Highway Vehicle
7.5.1 Overview
7.5.2 Off-Highway Vehicle :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.5.3 List of Companies
7.5.4 Insights and Trends
7.5.4.1 Dump Trucks
7.5.4.1.1 Overview
7.5.4.1.2 Dump Trucks :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.5.4.2 Excavator
7.5.4.2.1 Overview
7.5.4.2.2 Excavator :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.5.4.3 Loaders
7.5.4.3.1 Overview
7.5.4.3.2 Loaders :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.5.4.4 Tractors
7.5.4.4.1 Overview
7.5.4.4.2 Tractors :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
7.5.4.5 Others
7.5.4.5.1 Overview
7.5.4.5.2 Others :Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
8. Europe Automotive Battery Management System Market - Country Analysis
8.1 Europe: Europe Automotive Battery Management System Market
8.1.1 Europe Automotive Battery Management System Market, by Key Country, Revenue (2021) (US$ Million)
8.1.2 Europe Automotive Battery Management System Market Breakdown, By Key Country, Revenue and Volume
8.1.2.1 Germany : Europe Automotive Battery Management System Market, Revenue and Volume Forecast to 2028
8.1.2.1.1 Germany : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Vehicle Type
8.1.2.1.1.1 Germany : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Off-highway Vehicle
8.1.2.1.1.2 Germany : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Trucks
8.1.2.1.1.3 Germany : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Bus
8.1.2.2 France : Europe Automotive Battery Management System Market, Revenue and Volume Forecast to 2028
8.1.2.2.1 France : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Vehicle Type
8.1.2.2.1.1 France : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Off-highway Vehicle
8.1.2.2.1.2 France : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Trucks
8.1.2.2.1.3 France : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Bus
8.1.2.3 Netherlands : Europe Automotive Battery Management System Market, Revenue and Volume Forecast to 2028
8.1.2.3.1 Netherlands : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Vehicle Type
8.1.2.3.1.1 Netherlands : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Off-highway Vehicle
8.1.2.3.1.2 Netherlands : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Trucks
8.1.2.3.1.3 Netherlands : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Bus
8.1.2.4 UK : Europe Automotive Battery Management System Market, Revenue and Volume Forecast to 2028
8.1.2.4.1 UK : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Vehicle Type
8.1.2.4.1.1 UK : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Off-highway Vehicle
8.1.2.4.1.2 UK : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Trucks
8.1.2.4.1.3 UK : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Bus
8.1.2.5 Rest of Europe : Europe Automotive Battery Management System Market, Revenue and Volume Forecast to 2028
8.1.2.5.1 Rest of Europe : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Vehicle Type
8.1.2.5.1.1 Rest of Europe : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Off-highway Vehicle
8.1.2.5.1.2 Rest of Europe : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Trucks
8.1.2.5.1.3 Rest of Europe : Europe Automotive Battery Management System Market Revenue and Volume Breakdown, By Bus
9. Industry Landscape
9.1 Overview
9.2 Market Initiative
9.3 New Product Development
10. Company Profiles
10.1 Continental AG
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Dana Limited
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 GENTHERM
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Hanon Systems
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Mahle GmbH
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 NXP Semiconductors
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Renesas Electronics Corporation
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Robert Bosch GmbH
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Valeo
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 Marelli Holdings Co., Ltd
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Products and Services
10.10.4 Financial Overview
10.10.5 SWOT Analysis
10.10.6 Key Developments
11. Appendix
11.1 About the Insight Partners
11.2 Word Index
LIST OF TABLES
Table 1. Europe Automotive Battery Management System Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Automotive Battery Management System Market Volume Forecast and Analysis (Units)
Table 3. Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Million)
Table 4. Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Vehicle Type (Units)
Table 5. Europe Automotive Battery Management System Market Revenue and Forecast to 2028 - By Bus (US$ Million)
Table 6. Europe Automotive Battery Management System Market Volume and Forecast to 2028 - By Bus (Volume)
Table 7. Europe Automotive Battery Management System Market Revenue and Forecast to 2028 - By Trucks (US$ Million)
Table 8. Europe Automotive Battery Management System Market Volume and Forecast to 2028 - By Trucks (Volume)
Table 9. Europe Automotive Battery Management System Market Revenue and Forecast to 2028 - By Off-Highway Vehicle (US$ Million)
Table 10. Europe Automotive Battery Management System Market Volume and Forecast to 2028 - By Off-Highway Vehicle (Units)
Table 11. Germany : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Million)
Table 12. Germany : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Vehicle Type (Units)
Table 13. Germany : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Off-highway Vehicle (US$ Million)
Table 14. Germany : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Off-highway Vehicle (Units)
Table 15. Germany : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Trucks (US$ Million)
Table 16. Germany : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Trucks (Units)
Table 17. Germany : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Bus (US$ Million)
Table 18. Germany : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Bus (Units)
Table 19. France : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Million)
Table 20. France : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Vehicle Type (Units)
Table 21. France : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Off-highway Vehicle (US$ Million)
Table 22. France : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Off-highway Vehicle (Units)
Table 23. France : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Trucks (US$ Million)
Table 24. France : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Trucks (Units)
Table 25. France : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Bus (US$ Million)
Table 26. France : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Bus (Units)
Table 27. Netherlands : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Million)
Table 28. Netherlands : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Vehicle Type (Units)
Table 29. Netherlands : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Off-highway Vehicle (US$ Million)
Table 30. Netherlands : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Off-highway Vehicle (Units)
Table 31. Netherlands : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Trucks (US$ Million)
Table 32. Netherlands : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Trucks (Units)
Table 33. Netherlands : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Bus (US$ Million)
Table 34. Netherlands : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Bus (Units)
Table 35. UK : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Million)
Table 36. UK : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Vehicle Type (Units)
Table 37. UK : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Off-highway Vehicle (US$ Million)
Table 38. UK : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Off-highway Vehicle (Units)
Table 39. UK : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Trucks (US$ Million)
Table 40. UK : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Trucks (Units)
Table 41. UK : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Bus (US$ Million)
Table 42. UK : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Bus (Units)
Table 43. Rest of Europe : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Million)
Table 44. Rest of Europe : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Vehicle Type (Units)
Table 45. Rest of Europe : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Off-highway Vehicle (US$ Million)
Table 46. Rest of Europe : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Off-highway Vehicle (Units)
Table 47. Rest of Europe : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Trucks (US$ Million)
Table 48. Rest of Europe : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Trucks (Units)
Table 49. Rest of Europe : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 - By Bus (US$ Million)
Table 50. Rest of Europe : Europe Automotive Battery Management System Market, Volume and Forecast to 2028 - By Bus (Units)
Table 51. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Automotive Battery Management System Market Segmentation
Figure 2. Europe Automotive Battery Management System Market Segmentation - By Country
Figure 3. Europe Automotive Battery Management System Market Overview
Figure 4. Bus Segment held the Largest Share of Europe Automotive Battery Management System Market
Figure 5. Germany to Show Great Traction During Forecast Period
Figure 6. Europe Automotive Battery Management System Market - Porter's Five Forces
Figure 7. Ecosystem Analysis: Europe Automotive Battery Management System Market
Figure 8. Expert Opinion
Figure 9. Europe Automotive Battery Management System Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Automotive Battery Management System Market Forecast and Analysis (US$ Million)
Figure 11. Europe Automotive Battery Management System Market Forecast and Analysis (Units)
Figure 12. Europe: Automotive Battery Management System Revenue Share, By Vehicle Type (2021 and 2028)
Figure 13. Bus: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. School Bus: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 15. Transit Bus: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. Minibus: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 17. Coach/Motor Coach: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 18. Others: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 19. Trucks: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 20. Light Commercial Vehicle: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 21. Heavy Commercial Vehicle: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 22. Off-Highway Vehicle: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 23. Dump Trucks: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 24. Excavator: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 25. Loaders: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 26. Tractors: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 27. Others: Europe Automotive Battery Management System Market Revenue and Forecasts to 2028 (US$ Million)
Figure 28. Europe Automotive Battery Management System Market Revenue Breakdown, By Key Country, 2021 & 2028(%)
Figure 29. Germany : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 (US$ Million)
Figure 30. France : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 (US$ Million)
Figure 31. Netherlands : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 (US$ Million)
Figure 32. UK : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Europe : Europe Automotive Battery Management System Market, Revenue and Forecast to 2028 (US$ Million)
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