Automotive Battery Management System Market Business Report Automotive Battery Management System Market, 2025 | Page 2

Automotive Battery Management System Market
The global automotive battery management system market is forecasted to witness significant growth in the
coming years, owing to increasing demand for hybrid electric and battery electric vehicles. The increase in the
demand for these vehicles is a result of the implementation of stringent government regulations with respect to
environment degradation and government incentives in the form of subsidies, grants, and tax rebates to
encourage the use of eco-friendly modes of transportation.
Based on application, the automotive battery management system market is categorized into passenger cars,
commercial vehicles, golf carts, and e-bikes. Of these, passenger cars held the largest share in the market in
2017, recording the highest sales volume. Besides, the category is expected to continue leading the market in
the coming years, owing to increasing urbanization and rising disposable income of people in developing
economies of the world.
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