남미의 배터리 관리 시스템 시장 : 점유율 분석, 산업 동향, 성장 예측(2025-2030년)

The South America Battery Management System Market is expected to register a CAGR of greater than 3.21% during the forecast period.

The market was negatively impacted by the COVID-19 pandemic. Presently, the market has reached pre-pandemic levels.

Key Highlights

• Over the medium term, the increasing adoption of electric vehicles, the need for robust charging infrastructure, and the focus on increasing the energy efficiency of batteries are expected to drive the growth of the market studied.
• On the other hand, technological limitations on off-the-shelf battery management systems or standard battery management systems are one of the major restraints for the market.
• Nevertheless, technological advancements in battery management systems with advantages, such as reduced complexity, better efficiency, and improved reliability, among others, are expected to provide growth opportunities in the forecast period.
• Brazil dominates the market and is also likely to witness the highest CAGR during the forecast period. This growth is attributed to the rapid rise in sales of electric vehicles and the growing demand for renewable power generation.

South America Battery Management System Market Trends

Transportation Segment is Expected to Dominate the Market

• Vehicles with internal combustion engines (ICE) were the only types used earlier. However, technology has been shifting toward electric vehicles (EVs) due to growing environmental concerns. Battery management systems do not have any market in the ICE sector.
• Lithium-ion batteries are primarily used in EVs as they provide high energy density, low self-discharge, less weight, and low maintenance. For ICE vehicles, the lead-based battery is widely used and is expected to continue to be the only viable mass-market battery system for the foreseeable future. Lithium-ion batteries still require higher cost reductions for use in SLI applications to be considered a viable mass-market alternative to lead-based batteries.
• Lithium-ion battery systems propel plug-in hybrid and electric vehicles. Owing to their high energy density, fast recharge capability, and high discharge power, lithium-ion batteries are the only available technology capable of meeting OEM requirements for the vehicle's driving range and charging time. The lead-based traction batteries are not competitive for use in total hybrid electric vehicles or electric vehicles because of their lower specific energy and higher weight.
• In Latin America, 118,145 hybrid and electric vehicles were registered in 2021, an increase of 107.1% over 2020, when 57,078 units were registered. The fastest-growing segment was hybrid vehicles, including plug-in hybrids (PHEV) and non-plug-in hybrids (HEV), with 110.1% growth, while fully electric vehicles (BEV) grew by 57.3%.
• According to the National Association of Sustainable Mobility (ANDEMOS), in 2021, 17,702 electric cars and hybrid vehicles were registered in Colombia. The Colombian government has also set a target of getting 600,000 EVs on the road by 2030, which is expected to lead to an increase in the demand for batteries in the country and, in turn, increase the demand for battery management systems (BMS).
• The battery management systems are deployed in various electric vehicles, two-wheelers, passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The transportation industry is known for its greenhouse gas and carbon emissions. Furthermore, the net environmental impact of burning fossil fuels has historically been the weak spot for manufacturers of motor vehicles. Moreover, governments implemented stringent regulations to reduce the pollution caused by internal combustion engines. As a result, several large automotive manufacturers focus on moving toward electric vehicle development and manufacturing.
• Hence, based on the factors mentioned above, the transportation segment is likely to dominate the battery management system market during the forecast period.

Brazil is Expected to Dominate the Market

• Brazil is the world's twelfth-largest economy, with a size of about USD 1.62 trillion in 2021, and is the largest economy in South America.
• The economic development in Brazil is leading to the widespread development of commercial infrastructure. As the country's economic activity is booming, it is witnessing a considerable increase in the growth of data centers, which is expected to create opportunities for battery management systems. The electricity supply at data centers is of paramount importance to ensure continuous operations, which leads to the deployment of battery management systems at data center sites.
• For instance, in December 2021, Ascenty opened two new data centers in Rio de Janeiro and Hortolandia, Brazil. The company recently raised USD 925 million in credit and announced its plans to build five more data centers in the country. Two of the five data centers are expected to be completed in 2022, two in 2023, and one in 2024. Thus, such upcoming data centers are likely to increase the market studied during the forecast period.
• Furthermore, the increase in sales of electric vehicles has also helped in the increasing demand for lithium-ion batteries. With the sales expected to increase at a much faster rate during the forecast period, the demand for batteries, specifically lithium-ion batteries, is expected to increase.
• According to the Brazilian Association of Electric Vehicles (ABVE), EV registrations in Brazil reached 34,839 in 2021, a 77% increase year over year.
• The Rota 2030 program is aimed at improving energy efficiency in the transportation sector, which is a big boost for the Brazilian electric vehicle market. The surge in the deployment of electric vehicles is likely to provide a significant impetus to the Brazilian segment of the market studied during the forecast period.

South America Battery Management System Industry Overview

The South American battery management system market is moderately fragmented. Some of the major players in the market (in no particular order) include Sensata Technologies Inc., Renesas Electronics Corporation, SK Innovation Co. Ltd, DENSO Corporation, and BYD Co. Ltd, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Scope of the Study
• 1.2 Market Definition
• 1.3 Study Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

• 4.1 Introduction
• 4.2 Market Size and Demand Forecast in USD billion, till 2027
• 4.3 Recent Trends and Developments
• 4.4 Government Policies and Regulations
• 4.5 Market Dynamics
  • 4.5.1 Drivers
  • 4.5.2 Restraints
• 4.6 Supply Chain Analysis
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Consumers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitute Products and Services
  • 4.7.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

• 5.1 By Application
  • 5.1.1 Stationary
  • 5.1.2 Portable
  • 5.1.3 Transportation
• 5.2 By Geography
  • 5.2.1 Brazil
  • 5.2.2 Argentina
  • 5.2.3 Colombia
  • 5.2.4 Chile
  • 5.2.5 Rest of South America

6 COMPETITIVE LANDSCAPE

• 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
• 6.2 Strategies Adopted by Leading Players
• 6.3 Company Profiles
  • 6.3.1 Sensata Technologies Inc.
  • 6.3.2 Renesas Electronics Corporation
  • 6.3.3 SK Innovation Co. Ltd
  • 6.3.4 DENSO Corporation
  • 6.3.5 BYD Co. Ltd
  • 6.3.6 Panasonic Corporation
  • 6.3.7 Bosch Corporation
  • 6.3.8 Continental Engineering Services
  • 6.3.9 Intel Corporation
  • 6.3.10 Saft

7 MARKET OPPORTUNITIES AND FUTURE TRENDS