Automotive 48 Volt Battery System Market
PUBLISHED: 2020 ID: SMRC19732
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Automotive 48 Volt Battery System Market

Automotive 48 Volt Battery System - Global Market Outlook (2019 -2027)

4.3 (20 reviews)
4.3 (20 reviews)
Published: 2020 ID: SMRC19732

This report covers the impact of COVID-19 on this global market

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.
 
Components Covered:
• 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 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
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

Table of Contents

1 Executive Summary         
          
2 Preface     
    
 2.1 Abstract        
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology        
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions       
          
3 Market Trend Analysis         
 3.1 Introduction        
 3.2 Drivers        
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats        
 3.6 Emerging Markets        
 3.7 Impact of Covid-19        
          
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry        
          
5 Global Automotive 48 Volt Battery System Market, By Component         
 5.1 Introduction        
 5.2 48-volt Lithium Ion Battery        
 5.3 Power Distribution Box        
 5.4 AC/DC Inverter        
 5.5 Battery Controller        
          
6 Global Automotive 48 Volt Battery System Market, By Electric Vehicle         
 6.1 Introduction        
 6.2 Hybrid Electric Vehicle (HEV)        
 6.3 Mild Hybrid Electric Vehicle (MHEV)        
 6.4 Plug-in Hybrid Electric Vehicle (PHEV)        
 6.5 Battery Electric Vehicle (BEV)        
          
7 Global Automotive 48 Volt Battery System Market, By Vehicle Type         
 7.1 Introduction        
 7.2 Heavy Commercial Vehicle        
 7.3 Light Commercial Vehicle        
 7.4 Passenger Vehicle        
          
8 Global Automotive 48 Volt Battery System Market, By Geography         
 8.1 Introduction        
 8.2 North America        
  8.2.1 US       
  8.2.2 Canada       
  8.2.3 Mexico       
 8.3 Europe        
  8.3.1 Germany       
  8.3.2 UK       
  8.3.3 Italy       
  8.3.4 France       
  8.3.5 Spain       
  8.3.6 Rest of Europe       
 8.4 Asia Pacific        
  8.4.1 Japan       
  8.4.2 China       
  8.4.3 India       
  8.4.4 Australia       
  8.4.5 New Zealand        
  8.4.6 South Korea       
  8.4.7 Rest of Asia Pacific       
 8.5 South America        
  8.5.1 Argentina       
  8.5.2 Brazil       
  8.5.3 Chile       
  8.5.4 Rest of South America       
 8.6 Middle East & Africa        
  8.6.1 Saudi Arabia       
  8.6.2 UAE       
  8.6.3 Qatar       
  8.6.4 South Africa       
  8.6.5 Rest of Middle East & Africa       
          
9 Key Developments         
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 9.2 Acquisitions & Mergers        
 9.3 New Product Launch        
 9.4 Expansions        
 9.5 Other Key Strategies        
          
10 Company Profiling         
 10.1 Aptiv PLC        
 10.2 BorgWarner        
 10.3 Continental        
 10.4 East Penn Manufacturing        
 10.5 EnerSys        
 10.6 Furukawa Electric        
 10.7 GS Yuasa        
 10.8 Hitachi        
 10.9 Johnson Controls        
 10.10 Robert Bosch        
 10.11 Valeo        
 10.12 Vicor        
 10.13 ZF Friedrichshafen         


List of Tables          
1 Global Automotive 48 Volt Battery System Market Outlook, By Region (2018-2027) ($MN)         
2 Global Automotive 48 Volt Battery System Market Outlook, By Component (2018-2027) ($MN)         
3 Global Automotive 48 Volt Battery System Market Outlook, By 48-volt Lithium Ion Battery (2018-2027) ($MN)         
4 Global Automotive 48 Volt Battery System Market Outlook, By Power Distribution Box (2018-2027) ($MN)         
5 Global Automotive 48 Volt Battery System Market Outlook, By AC/DC Inverter (2018-2027) ($MN)         
6 Global Automotive 48 Volt Battery System Market Outlook, By Battery Controller (2018-2027) ($MN)         
7 Global Automotive 48 Volt Battery System Market Outlook, By Electric Vehicle (2018-2027) ($MN)         
8 Global Automotive 48 Volt Battery System Market Outlook, By Hybrid Electric Vehicle (HEV) (2018-2027) ($MN)         
9 Global Automotive 48 Volt Battery System Market Outlook, By Mild Hybrid Electric Vehicle (MHEV) (2018-2027) ($MN)         
10 Global Automotive 48 Volt Battery System Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2018-2027) ($MN)         
11 Global Automotive 48 Volt Battery System Market Outlook, By Battery Electric Vehicle (BEV) (2018-2027) ($MN)         
12 Global Automotive 48 Volt Battery System Market Outlook, By Vehicle Type (2018-2027) ($MN)         
13 Global Automotive 48 Volt Battery System Market Outlook, By Heavy Commercial Vehicle (2018-2027) ($MN)         
14 Global Automotive 48 Volt Battery System Market Outlook, By Light Commercial Vehicle (2018-2027) ($MN)         
15 Global Automotive 48 Volt Battery System Market Outlook, By Passenger Vehicle (2018-2027) ($MN)         
16 North America Automotive 48 Volt Battery System Market Outlook, By Country (2018-2027) ($MN)         
17 North America Automotive 48 Volt Battery System Market Outlook, By Component (2018-2027) ($MN)         
18 North America Automotive 48 Volt Battery System Market Outlook, By 48-volt Lithium Ion Battery (2018-2027) ($MN)         
19 North America Automotive 48 Volt Battery System Market Outlook, By Power Distribution Box (2018-2027) ($MN)         
20 North America Automotive 48 Volt Battery System Market Outlook, By AC/DC Inverter (2018-2027) ($MN)          
21 North America Automotive 48 Volt Battery System Market Outlook, By Battery Controller (2018-2027) ($MN)         
22 North America Automotive 48 Volt Battery System Market Outlook, By Electric Vehicle (2018-2027) ($MN)         
23 North America Automotive 48 Volt Battery System Market Outlook, By Hybrid Electric Vehicle (HEV) (2018-2027) ($MN)         
24 North America Automotive 48 Volt Battery System Market Outlook, By Mild Hybrid Electric Vehicle (MHEV) (2018-2027) ($MN)         
25 North America Automotive 48 Volt Battery System Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2018-2027) ($MN)         
26 North America Automotive 48 Volt Battery System Market Outlook, By Battery Electric Vehicle (BEV) (2018-2027) ($MN)         
27 North America Automotive 48 Volt Battery System Market Outlook, By Vehicle Type (2018-2027) ($MN)         
28 North America Automotive 48 Volt Battery System Market Outlook, By Heavy Commercial Vehicle (2018-2027) ($MN)         
29 North America Automotive 48 Volt Battery System Market Outlook, By Light Commercial Vehicle (2018-2027) ($MN)         
30 North America Automotive 48 Volt Battery System Market Outlook, By Passenger Vehicle (2018-2027) ($MN)         
31 Europe Automotive 48 Volt Battery System Market Outlook, By Country (2018-2027) ($MN)         
32 Europe Automotive 48 Volt Battery System Market Outlook, By Component (2018-2027) ($MN)         
33 Europe Automotive 48 Volt Battery System Market Outlook, By 48-volt Lithium Ion Battery (2018-2027) ($MN)         
34 Europe Automotive 48 Volt Battery System Market Outlook, By Power Distribution Box (2018-2027) ($MN)         
35 Europe Automotive 48 Volt Battery System Market Outlook, By AC/DC Inverter (2018-2027) ($MN)         
36 Europe Automotive 48 Volt Battery System Market Outlook, By Battery Controller (2018-2027) ($MN)         
37 Europe Automotive 48 Volt Battery System Market Outlook, By Electric Vehicle (2018-2027) ($MN)         
38 Europe Automotive 48 Volt Battery System Market Outlook, By Hybrid Electric Vehicle (HEV) (2018-2027) ($MN)         
39 Europe Automotive 48 Volt Battery System Market Outlook, By Mild Hybrid Electric Vehicle (MHEV) (2018-2027) ($MN)         
40 Europe Automotive 48 Volt Battery System Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2018-2027) ($MN)         
41 Europe Automotive 48 Volt Battery System Market Outlook, By Battery Electric Vehicle (BEV) (2018-2027) ($MN)         
42 Europe Automotive 48 Volt Battery System Market Outlook, By Vehicle Type (2018-2027) ($MN)         
43 Europe Automotive 48 Volt Battery System Market Outlook, By Heavy Commercial Vehicle (2018-2027) ($MN)         
44 Europe Automotive 48 Volt Battery System Market Outlook, By Light Commercial Vehicle (2018-2027) ($MN)         
45 Europe Automotive 48 Volt Battery System Market Outlook, By Passenger Vehicle (2018-2027) ($MN)         
46 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By Country (2018-2027) ($MN)         
47 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By Component (2018-2027) ($MN)         
48 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By 48-volt Lithium Ion Battery (2018-2027) ($MN)         
49 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By Power Distribution Box (2018-2027) ($MN)         
50 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By AC/DC Inverter (2018-2027) ($MN)         
51 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By Battery Controller (2018-2027) ($MN)         
52 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By Electric Vehicle (2018-2027) ($MN)         
53 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By Hybrid Electric Vehicle (HEV) (2018-2027) ($MN)         
54 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By Mild Hybrid Electric Vehicle (MHEV) (2018-2027) ($MN)         
55 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2018-2027) ($MN)         
56 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By Battery Electric Vehicle (BEV) (2018-2027) ($MN)         
57 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By Vehicle Type (2018-2027) ($MN)         
58 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By Heavy Commercial Vehicle (2018-2027) ($MN)         
59 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By Light Commercial Vehicle (2018-2027) ($MN)         
60 Asia Pacific Automotive 48 Volt Battery System Market Outlook, By Passenger Vehicle (2018-2027) ($MN)         
61 South America Automotive 48 Volt Battery System Market Outlook, By Country (2018-2027) ($MN)         
62 South America Automotive 48 Volt Battery System Market Outlook, By Component (2018-2027) ($MN)         
63 South America Automotive 48 Volt Battery System Market Outlook, By 48-volt Lithium Ion Battery (2018-2027) ($MN)         
64 South America Automotive 48 Volt Battery System Market Outlook, By Power Distribution Box (2018-2027) ($MN)         
65 South America Automotive 48 Volt Battery System Market Outlook, By AC/DC Inverter (2018-2027) ($MN)         
66 South America Automotive 48 Volt Battery System Market Outlook, By Battery Controller (2018-2027) ($MN)         
67 South America Automotive 48 Volt Battery System Market Outlook, By Electric Vehicle (2018-2027) ($MN)         
68 South America Automotive 48 Volt Battery System Market Outlook, By Hybrid Electric Vehicle (HEV) (2018-2027) ($MN)         
69 South America Automotive 48 Volt Battery System Market Outlook, By Mild Hybrid Electric Vehicle (MHEV) (2018-2027) ($MN)         
70 South America Automotive 48 Volt Battery System Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2018-2027) ($MN)         
71 South America Automotive 48 Volt Battery System Market Outlook, By Battery Electric Vehicle (BEV) (2018-2027) ($MN)         
72 South America Automotive 48 Volt Battery System Market Outlook, By Vehicle Type (2018-2027) ($MN)         
73 South America Automotive 48 Volt Battery System Market Outlook, By Heavy Commercial Vehicle (2018-2027) ($MN)         
74 South America Automotive 48 Volt Battery System Market Outlook, By Light Commercial Vehicle (2018-2027) ($MN)         
75 South America Automotive 48 Volt Battery System Market Outlook, By Passenger Vehicle (2018-2027) ($MN)         
76 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By Country (2018-2027) ($MN)         
77 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By Component (2018-2027) ($MN)         
78 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By 48-volt Lithium Ion Battery (2018-2027) ($MN)         
79 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By Power Distribution Box (2018-2027) ($MN)         
80 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By AC/DC Inverter (2018-2027) ($MN)         
81 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By Battery Controller (2018-2027) ($MN)         
82 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By Electric Vehicle (2018-2027) ($MN)         
83 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By Hybrid Electric Vehicle (HEV) (2018-2027) ($MN)         
84 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By Mild Hybrid Electric Vehicle (MHEV) (2018-2027) ($MN)         
85 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2018-2027) ($MN)         
86 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By Battery Electric Vehicle (BEV) (2018-2027) ($MN)         
87 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By Vehicle Type (2018-2027) ($MN)         
88 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By Heavy Commercial Vehicle (2018-2027) ($MN)          
89 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By Light Commercial Vehicle (2018-2027) ($MN)         
90 Middle East & Africa Automotive 48 Volt Battery System Market Outlook, By Passenger Vehicle (2018-2027) ($MN)          

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


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