The 48 Volt Battery System by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2033-2033).
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In the dynamic landscape of the automotive industry, The Business Research Company reveals a compelling narrative surrounding the 48 Volt Battery System market. Experiencing exponential growth in recent years, this market is poised to ascend from $3.45 billion in 2033 to a robust $4.42 billion in 2024, boasting a remarkable Compound Annual Growth Rate (CAGR) of 28.1%. The historical surge can be ascribed to pivotal factors such as fuel efficiency standards, advancements in power electronics, mass market vehicle hybridization, and consumer clamor for cost-effective fuel economy solutions.
Looking ahead, projections indicate a meteoric rise, with the 48 Volt Battery System market anticipated to burgeon to $11.4 billion by 2028, sustaining a commendable CAGR of 26.7%. This impending growth is underpinned by stringent emission standards, escalating demand for electric features, unabated automotive electrification, heightened adoption across diverse vehicle types, and governmental initiatives championing green mobility. Intriguingly, significant trends in the forecast period encompass the integration into mild hybrid vehicles, electrification of ancillary systems, robust support for advanced driver assistance systems, strides in energy storage technologies, and strategic collaborations aimed at standardization.
The rising adoption of electric vehicles (EV) is expected to propel the growth of the 48 volt battery system market going forward. The electric vehicle refers to a vehicle powered by an electric motor that takes electricity from a battery and can be charged from an external source. A 48 volt battery system can deliver greater power and faster charging times than a traditional 12-volt system, allowing for faster acceleration and longer driving ranges for EVs, which may enhance energy efficiency and cut emissions even further. As a result, the rising adoption of electric vehicles increases the demand for the 48 volt battery system. For instance, in September 2022, according to the Global EV Outlook 2022 report shared by the International Energy Agency, a France-based autonomous intergovernmental organization, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million units sales. Additionally, the sales of electric cars worldwide in 2021 had a sales share of 4%. Therefore, the rising adoption of an electric vehicles is driving the 48 volt battery system market.
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The 48 volt battery system market covered in this report is segmented –
1) By Component: Alternating Current(Ac) Or Direct Current(Dc) Inverter, 48-Volt Lithium-Ion Battery, Battery Controller, Power Distribution Box, Other Components
2) By Architecture: Crankshaft Mounted, Belt Driven, Transmission Output Shaft, Dual-Clutch Transmission-Mounted
3) By Electric Vehicle: Battery Electric Vehicle (BEV), Mild Hybrid Electric Vehicle (MHEV), Plug-In Hybrid Vehicle (PHEV), Hybrid Electric Vehicle (HEV)
Top 5 Major Players:
- Continental AG
- Delphi Technologies
- East Penn Manufacturing Company
- Enersys Inc
- GS Yuasa International Ltd
A salient feature characterizing this landscape is the surge in product innovations. Eminent entities within the 48 Volt Battery System market are fervently engaged in pioneering solutions to fortify their market standing. A case in point is the noteworthy initiative undertaken by American Battery Solutions Inc., a distinguished US-based industrial and commercial lithium-ion battery manufacturer. In January 2022, the company unveiled the groundbreaking I48-3.0 lithium-ion battery alliance. This avant-garde battery not only delivers enhanced power and extended range but also showcases durability and minimal maintenance requirements. Tailored for golf cars and diverse electric vehicles, it adheres to industry-standard GC2 dimensions. A distinguishing attribute of this product lies in its ability to withstand formidable power demands, featuring a remarkable 350 Amp pulse and 120 Amp continuous discharge capabilities. This strategic foray underscores the industry’s commitment to pushing the boundaries of innovation and redefining the paradigm of excellence in the 48 Volt Battery System market.
1. Executive Summary
2. 48 Volt Battery System Market Characteristics
3. 48 Volt Battery System Market Trends And Strategies
4. 48 Volt Battery System Market – Macro Economic Scenario
5. Global 48 Volt Battery System Market Size and Growth
…..
31. Global 48 Volt Battery System Market Competitive Benchmarking
32. Global 48 Volt Battery System Market Competitive Dashboard
33. Key Mergers And Acquisitions In The 48 Volt Battery System Market
34. 48 Volt Battery System Market Future Outlook and Potential Analysis
35. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global 48 Volt Battery System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global 48 Volt Battery System Market, Segmentation By Architecture, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global 48 Volt Battery System Market, Segmentation By Electric Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Continental AG Financial Performance
Table 75: Delphi Technologies Financial Performance
Table 76: East Penn Manufacturing Company Financial Performance
Table 77: Enersys Inc. Financial Performance
Table 78: GS Yuasa International Ltd. Financial Performance
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