The global battery management system market was valued at $5,661.0 million in 2020, and it is expected to grow at a CAGR of 15.0% during the forecast period (2021–2030). The key factors responsible for the growth of the industry include the increasing demand for electric vehicles (EV) and rising usage of rechargeable batteries in consumer electronics.

The global battery management system market was valued at $5,661.0 million in 2020, and it is expected to grow at a CAGR of 15.0% during the forecast period (2021–2030). The key factors responsible for the growth of the industry include the increasing demand for electric vehicles (EV) and rising usage of rechargeable batteries in consumer electronics.