Automotive 48 Volt Battery System - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Automotive 48 Volt Battery System Market is growing at a CAGR of 52.1% during 2019-2027. Some of the factors like, stringent emission regulations, and increasing trend towards the implementation of fast-charging batteries are driving the growth of the market. However, the high cost of implementation is likely to hinder the market growth.
Automotive 48-volt battery systems are cost-efficient hybrid solutions as compared to conventional battery electric vehicles to decrease discharge. This automotive 48-volt battery system delivers four-times the power of a 12-volt battery. The 48 volt battery system has been widely adopted in mild hybrid vehicles.
Based on the vehicle type, the passenger vehicle segment is estimated to have a lucrative growth in the forecast period due to the high combination of the 48-volt battery system in passenger cars such as Buick LaCrosse and Renault Scenic. BMW and Audi are expected to integrate the 48-volt battery systems in some of their models.
By geography, Europe is going to have a lucrative growth during the forecast period due to it is the manufacturer of the most luxurious and performance-driven vehicles. Furthermore, most manufacturers of 48-volt battery systems have their occurrence in Europe, which is estimated to increase the 48-volt battery system market in the region during the forecast period.
Some of the key players profiled in the Automotive 48 Volt Battery System Market include Aptiv PLC, BorgWarner, Continental, East Penn Manufacturing, EnerSys, Furukawa Electric, GS Yuasa, Hitachi, Johnson Controls, Robert Bosch, Valeo, Vicor and ZF Friedrichshafen.
• 48-volt Lithium Ion Battery
• Power Distribution Box
• AC/DC Inverter
• Battery Controller
Electric Vehicles Covered:
• Hybrid Electric Vehicle (HEV)
• Mild Hybrid Electric Vehicle (MHEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)
Vehicle Types Covered:
• Heavy Commercial Vehicle
• Light Commercial Vehicle
• Passenger Vehicle
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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