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New energy vehicles and energy storage systems stimulate BMS Growth

According to data from QY Research, the global automotive BMS market is expected to increase to 88.474 billion yuan by 2027, with an average annual compound growth rate of 26.35% from 2021 to 2027.

GGII, an Industrial Research Institute, predicts that by 2025, the market value of China’s energy storage BMS will reach 17.8 billion yuan (including overseas exports), with a compound annual growth rate of 47%. The BMS market has broad room for growth.