Economy
Battery Mgt System Market Revenue to Rise at CAGR of 19.9%
By Modupe Gbadeyanka
Future Market Insights (FMI) delivers key insights on the global battery management system (BMS) market in its latest report titled, “Battery Management System Market: Global Industry Analysis and Opportunity Assessment, 2015–2025”.
Global battery management system market revenue is expected to increase at a CAGR of 19.9% during the forecast period (2015–2025). Battery management system is an electronic system that helps to maintain optimal health of rechargeable batteries.
BMS controls load environment, monitors battery state and accordingly balances battery charging. Battery management system prolongs battery life, helps to prevent battery damage due to overcharging and voltage fluctuations and manages optimal state of charging.
BMS interfaces with the host application to provide real-time information regarding battery health.
BMS follows three types of topologies, which are distributed, centralized and modular.
Distributed BMS has a single communication cable controller and battery; a cell board is installed at each cell. Centralized BMS has a single controller and is connected to battery cells with communication wires.
Modular BMS has multiple controllers, with each controller handling a certain number of cells.
Consumption of rechargeable batteries in the electronics sector is growing. Rechargeable batteries are used in products such as power tools and vacuum pumps, and growth in demand for these products is driving global battery management system market revenue.
In the recent past, demand for power tools, garden tools, portable medical tools, portable battery packs and various other powered devices and tools has been increasing in markets in emerging economies, particularly in Asia.
An increasing number of players in the market has resulted in intensified competition, is leading to price wars, reduced profit margins and is hampering growth of the global battery management system market.
OEMs in industries such as automotive and telecom have significant bargaining power and dictate pricing of battery management systems.
This leads to low profit margins for manufacturers. In cost-sensitive markets such as India and ASEAN, intense competition among battery management system providers is also resulting in price wars.
Some battery management systems are incompatible with complex battery structures and this is expected to hamper growth of the market to a certain extent.
The global battery management system market is segmented on the basis of verticals into automotive, energy, telecom and drones.
Demand for BMS from the automotive vertical for e-Vehicle application is significantly high, and this sub-segment is estimated to account for 14.2% revenue share of the global battery management system market by the end of 2015.
As per FMI estimates, e-Vehicle sub-segment is projected to expand at a CAGR of 21.1% during the forecast period.
The automotive segment is estimated to dominate the global market with 39.5% share in terms of revenue by 2015 end, followed by energy and consumer/handheld segment with share of 26.3% and 17.4% respectively.
Automotive segment dominated the global market in terms of revenue in 2014 and is expected to register a CAGR of 20.8% during 2015and 2025.
On the basis of topology, the global battery management system market is segmented into distributed, centralized and modular.
The centralized segment in the global battery management system is estimated to account for 38.7% revenue share of the market by the end of 2015. According to FMI estimates, the centralized segment would expand at a CAGR of 19.6% between 2015 and 2025.
The distributed segment is estimated to account for 34.4% share of the overall market by the end of 2015, and is forecast to expand at a CAGR of 19.5% over the forecast period.
The global battery management system market is segmented on the basis of regions into North America, Eastern Europe, Middle East & Africa (MENA), Asia Pacific Excluding Japan (APEJ), Western Europe, Latin America and Japan. By the end of 2015, APEJ is estimated to be the dominant region, accounting for around 29.1% share of the global market, followed by the North America and Western Europe.
APEJ battery management system market is estimated to be valued at US$ 557.2 Million by 2015 end and reach $3,807.1 million by 2025.
By the end of 2015, North America and Western Europe are estimated to be the other major contributors to global market, accounting for 24.5% and 16.3% share respectively of the overall market revenue. The market in Japan is estimated to account for 10.5% share of the global market by 2015 end, and register a CAGR of 18.3% during the forecast period.
Key players across the supply chain of the global battery management system market include OEMs/suppliers of BMS, BMU integrators and electronic devices manufacturers that manufacture BMS. Companies analysed in the report include The Ventec Company, Nuvation Engineering, Ashwoods Energy Limited, TWS, Lithium Balance Corporation, Vecture Inc., Toshiba Corporation, L&T Technology Services, Merlin Equipment Ltd., AVL, Navitas System LLC and Johnson Matthey Battery Systems.Analysis reveals that battery management system companies should continue to invest in markets in APEJ and North America to increase market share and expand consumer base
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.16 per cent decline on Tuesday, January 21, extending its loss this week to two.
This further depleted the market capitalisation of the alternative stock exchange by N1.65 billion at the close of transactions to N1.071 trillion from the N1.073 trillion it closed in the preceding session.
In the same vein, the NASD Unlisted Security Index (NSI) slid by 4.79 points to wrap the session at 3,100.33 points compared with 3,105.12 points recorded in the previous session.
The bourse ended with two price losers yesterday led by Geo Fluids Plc, which gave up 32 Kobo to trade at N4.38 per share versus Monday’s closing price of N4.70 per share and FrieslandCampina Wamco Nigeria Plc, which depreciated by 15 Kobo to close at N39.50 per unit compared with the previous day’s N39.65 per unit.
On the second trading day of the week, the number of deal carried out slightly went up by 8.3 per cent to 13 deals from the 12 deals executed at the previous trading session.
Also, the value of transactions increased by 97.2 per cent to N4.5 million from the N2.5 million recorded a day earlier, while the volume of securities traded in the session declined by 71.6 per cent to 183,780 units from the 767,610 units recorded on Monday.
FrieslandCampina Wamco Nigeria Plc remained the most traded equity by value (year-to-date) with 4.1 million units worth N162.9 million, followed by Geo-Fluids Plc with 9.1 million units valued at N44.0 million, and 11 Plc with 55,358 sold for N14.5 million.
Also, Industrial and General Insurance (IGI) Plc closed the day as the most active stock by volume (year-to-date) with 25.3 million units worth N5.9 million, trailed by Geo-Fluids Plc with 9.1 million units sold for N44.0 million, and FrieslandCampina Wamco Nigeria Plc with 4.1 million units valued at N162.9 million.
By Adedapo Adesanya
Pressure further mounted on the Nigerian Naira in the different segments of the foreign exchange market on Tuesday, making its value to shrink against the United States Dollar at the close of business.
In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the domestic currency crashed against its American counterpart during the session by 0.18 per cent or N2.73 to settle at N1,552.78/$1, in contrast to Monday’s closing price of N1,550.05/1.
But against the Pound Sterling and the Euro, the local currency traded flat in the official market yesterday at N1,906.98/£1 and N1,613.48/€1, respectively.
As for the black market segment, the Naira weakened against the Dollar on Tuesday by N5 to sell for N1,670/$1 compared with the preceding day’s value of N1,665/$1.
Meanwhile, the cryptocurrency market heaved a sigh of relief during the session as President Donald Trump created a crypto task force dedicated to “developing a comprehensive and clear regulatory framework for crypto assets.”
The task force will be led by Commissioner Hester Peirce, a long-time advocate for the crypto industry, and will work closely with the crypto industry to develop regulations. This is after Mr Gary Gensler, an opponent of crypto, officially stepped down as chairman of the US Securities and Exchange Commission (SEC) after Mr Trump’s term started.
The task force will also work with Congress, providing “technical assistance” as it crafts crypto regulations.
Solana (SOL) recorded a 9.2 per cent growth to sell at $257.09, Dogecoin (DOGE) rose by 7.6 per cent to $0.36789, Ripple (XRP) added 4.0 per cent to finish at $3.18, and Bitcoin (BTC) increased by 3.7 per cent to $105,515.03.
Further, Binance Coin (BNB) appreciated by 2.8 per cent to close at $699.01, Cardano jumped by 2.1 per cent to trade at $0.9972, Ethereum (ETH) soared by 2.0 per cent to settle at $3,308.21, and Litecoin (LTC) went up by 1.5 per cent to end at $116.72, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
By Adedapo Adesanya
The price of the Brent crude oil grade went below the $80 mark on Tuesday after it shed 86 cents or 1.1 per cent to trade at $79.29 per barrel after the US President, Mr Donald Trump, signaled the possibility of his country boosting its oil production.
This move raised concerns of higher US output in a market widely expected to be oversupplied this year, with the US West Texas Intermediate (WTI) crude futures falling by $1.99 or 2.6 per cent during the session to $75.89 per barrel.
On his first day in office, the US President signed an executive order to unleash America’s energy by easing the barriers to oil and gas extraction and production and revoking a series of climate orders by former President Joe Biden.
As pledged in the campaign, the executive order follows the declaration of a national energy emergency.
The declaration includes measures to expedite energy infrastructure delivery, and emergency approvals by agencies “to facilitate the identification, leasing, siting, production, transportation, refining, and generation of domestic energy resources, including, but not limited to, on Federal lands.”
This will likely confirm expectations that the oil market will be oversupplied this year after weak economic activity and energy transition efforts weighed heavily on demand in top-consuming nations the US and China.
President Trump also said he was considering imposing 25 per cent tariffs on imports from Canada and Mexico from February 1, rather than on his first day in office as promised.
The delay helped ease concerns of an immediate tightening of the market among US refiners, many of which are geared to process the type of crude oil supplied by these countries.
The US Energy Information Administration (EIA) reiterated on Tuesday its expectations for oil prices to decline both this year and next.
On its part, the Organisation of the Petroleum Exporting Countries (OPEC) projects robust demand growth in the world both this year and next.
In 2025, OPEC says demand is set to grow by 1.4 million barrels per day leaving its projection unchanged from the December report.
However, losses were also limited after the US president said his administration would “probably” stop buying oil from Venezuela. The U.S. is the second-biggest buyer of Venezuelan oil after China.
Also weighing on prices on Tuesday was the potential end to the shipping disruption in the Red Sea.
Yemen’s Houthis said on Monday they will limit their attacks on commercial vessels to Israel-linked ships provided the Gaza ceasefire is fully implemented.
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