48 Volt Battery System Market

Industry Overview

The Global 48 Volt Battery System Market size is expected to grow from USD 3.1 billion in 2023 to USD 25.5 billion by 2030. It will register a CAGR of 27.2% during the forecast period. The Automotive 48-volt battery system is an electrical system that increases engine efficiency by reducing the weight of engine parts and increasing mileage. Manufacturers are unveiling new models with 48V battery systems because of their low cost and high efficiency when compared to 12V systems used in vehicles, which reduces carbon emissions and fuel consumption.

The automobile industry is boosting the electrification of the powertrain for vehicles to comply with global fuel economy regulations. 48-volt battery systems enable internal combustion engines to function more effectively, resulting in increased fuel economy and reduced carbon emissions at a minimal cost. During the forecast period, this will augment the global 48-volt battery system market.

Automotive 48-volt battery systems are more cost-effective hybrid solutions for decreasing discharge than conventional battery electric vehicles. This 48-volt automotive battery system provides four times the power of a 12-volt battery. In mild hybrid vehicles, the 48-volt battery system is widely used.

Market Segmentation

Insight by Component

Based on Components, the Global 48 Volt Battery System Market is segmented into AC/DC Inverter, 48-volt Lithium-Ion Battery, Battery Controller, Power Distribution Box, and Others. AC/DC Inverter contributes the largest share in the market and is important in 48 Volt Battery Systems as batteries provide DC power which is converted into AC for use in most electrical devices. The inverter is also responsible for securing the vehicle's electrical system against surges and spikes, as well as isolating the 48-volt system from the high-voltage battery.

Insight by Architecture

Based on Architecture, the Global 48 Volt Battery System Market is segmented into crankshaft-mounted, belt-driven, Transmission Output Shaft, and Dual-Clutch Transmission-Mounted. Belt-driven dominates the 48 Volt Battery System Market since belt-driven (P0) is the initial configuration of the powertrain being used in mild hybrid vehicles. Thus, contributing significantly to their global adoption. Also, pure hybrid vehicles are very expensive due to their battery system, so mild hybrid vehicles fill the gap between technologies and meet the condition of low carbon emission at an affordable price.

Insight by Vehicle Type

Based on Vehicle Type, the Global 48 Volt Battery System Market is bifurcated into Passenger Vehicle and Commercial Vehicle. The passenger vehicle contributes the largest share in the market owing to a high combination of the 48-volt battery systems in passenger cars like Renault Scenic and Buick LaCrosse.

Insight by Vehicle Class

Based on Vehicle Class, the Global 48 Volt Battery System Market is categorized into Premium, Mid, Entry, and Luxury. The mid-sized vehicle class dominates the market owing to increased prominence for vehicles to enhance fuel efficiency and rising awareness among people about battery-driven vehicles. Furthermore, strict regulations by the government regarding emission norms and safety will propel the market growth of the 48 Volt Battery System Industry.

Global 48 Volt Battery System Market Report Coverage

Industry Dynamics

Growth Drivers

The primary factors driving the market growth are its cost advantage over pure electric and plug-in hybrid vehicles, minimal effort in development, and the potential to rapidly reduce carbon emissions from a vehicle. 48 Volt technology proved to be beneficial for the transportation industry with the growing adoption of battery-powered vehicles to monitor a vehicle's emission rate. Also, strict regulations by the government about the CO2 emission norms in the environment and the increasing trend towards the implementation of fast-charging batteries will increase the adoption of 48V technology during the forecast period.

Automotive 48-volt battery systems can power a wide range of electrical devices, such as lights, radios, and climate control systems. The main benefit of using an automotive 48-volt battery system is that standard electrical connections and components can be used. This means one can easily tailor the system according to specific requirements.

The increased adoption in several applications like electric vehicles, small power tools, and golf carts will drive 48 Volt Battery System Market Demand. Lead-acid batteries are used in the systems to generate the 48-volt supply required by many electrical devices. Lead-acid batteries are the most commonly used type of battery in automobiles and other vehicles, and they have a long track record of reliability and performance.

Because advanced battery systems are equipped for the vehicles, electric vehicles are very expensive these days, resulting in a lower rate of adoption among the middle-class public. Aside from that, 48V technology reduces vehicle operating costs while improving vehicle efficiency and speed. As a result, automotive 48V technology is regarded as a bridging technology between a pure electric vehicle and a conventional vehicle.

Challenges

The increased cost of implementation will hamper market expansion. The demand for 48-volt hybrid systems is expected to decline owing to an increased focus by the governments to produce zero-emission vehicles. Furthermore, the integration of a 48-volt battery system raises the cost of a 48-volt system integrated battery electric vehicle, which is a major impediment to the 48-volt battery system market.

Opportunities

The market participants are undertaking research and development initiatives to improve the performance of battery systems. These 48V battery systems can reduce CO2 emissions in the coming years while remaining affordable to a broader range of customers. Major automakers are incorporating 48-volt battery systems into vehicles to improve performance and efficiency, thereby accelerating market opportunities in the global 48 Volt Battery System Industry. Also, the increased adoption of fuel-efficient technology in the automotive industry and the increased prominence of electric vehicles in the automotive sector will further offer lucrative opportunities in the 48 Volt Battery System Market.

Geographic Overview

• North America
• Europe
• Asia Pacific (APAC)
• Rest of the World (RoW)

Asia-Pacific dominates the global 48 Volt Battery System Market owing to an increased consumer base and rising penetration of battery-powered vehicles in the region. China is recognized as the world's largest auto market. At the same time, due to government subsidies, China hopes to achieve unprecedented growth in the sale of electric vehicles, thereby accelerating the market development of the 48 Volt Battery System Industry in the region.

Competitive Insight

The global automotive 48V system market is fiercely competitive.  The key players are massively investing in research and development (R&D) to improve their product lines and offerings. Furthermore, new product development enables them to meet the rapidly changing consumer demand in the automotive industry. In addition, advancements in convenience features and safety systems are pushing manufacturers to design compatible battery systems without increasing vehicle costs.

With the conviction that 48V systems are a crucial requirement for advanced vehicles, Borg Warner, Inc. has developed one of the industry's most comprehensive 48V portfolios. Their extensive knowledge of electric motors, power electronics, and mechanical components, as well as their comprehensive system knowledge of propulsion solutions, place them in a unique position. Borg Warner, Inc. is now the world's leading manufacturer of propulsion technologies for vehicles powered by combustion engines, as well as hybrid and electric vehicles. BorgWarner's portfolio includes a large number of 48-volt technologies, each of which offers significant efficiency gains. Other advantages include easy integration, lower weight, and reduced space requirements, allowing for more flexible use of the installation area. Fuel savings of up to 20% can be achieved with corresponding improvements in exhaust emission values in real-world driving conditions, as highlighted during both the preliminary development and series development phases. Thus, their solutions can also improve passenger comfort by improving response or power transmission.

Bosch's 48 V hybrid solutions make it easier for passenger cars to transform to electrified powertrains. The solutions allow electric driving modes for coasting, traffic jam assistance, and highly automated parking. This significantly reduces fuel consumption and local emissions. Electrical energy obtained through recuperation is used to power the 48 V power net as well as charge the 48 V battery.

Recent Development by Key Players

In December 2022, Mouser Electronics announced the launch of a new resource site, created in collaboration with Vicor, that will provide a variety of resources for 48 V products and power designs. The website contains a wealth of detailed articles, videos, and infographics that provide designers and manufacturers with a comprehensive resource for developing new power designs with higher voltage 48 V distribution. In contrast to many common 12 V systems, 48 V systems can support the higher power levels required to provide increasing levels of performance and functionality. As power increases, 12 V buses become less efficient and require more space and weight to carry higher currents via cables. By drastically reducing currents and power losses, 48 V systems eliminate these space and weight inefficiencies.

In June 2022, EnerSys, the world's largest manufacturer, marketer, and distributor of industrial batteries, expanded its lithium-based capabilities with the establishment of an EnerSys Advanced Systems (EAS) unit in Budapest, Hungary, to complement an existing EAS unit in Horsham, Pa., near Philadelphia. These improvements are being made in response to the increasing demand for lithium-ion batteries.

Key Players Covered in the Report

Some of the key players operating in the global 48 Volt Battery System Market include Continental AG, BorgWarner Inc., East Penn Manufacturing Company, EnerSys, GS Yuasa International Ltd., Hitachi, Ltd., Johnson Controls, Robert Bosch GmbH, Valeo, and Vicor Corporation.

The 48 Volt Battery System Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By Component
  • AC and DC Inverter
  • 48 Volt Lithium-Ion Battery
  • Battery Controller
  • Power Distribution Box
  • Others
• By Architecture
  • Crankshaft Mounted
  • Belt Driven
  • Transmission Output Shaft
  • Dual Clutch Transmission Mounted
• By Vehicle Type
  • Passenger Vehicle
  • Commercial Vehicle
• By Vehicle Class 
  • Premium
  • Mid
  • Entry
  • Luxury

Geographical Segmentation

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

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1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Component
                1.2.2.    By Architecture
                1.2.3.    By Vehicle Type
                1.2.4.    By Vehicle Class
                1.2.5.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Component
                5.1.1.    AC/DC Inverter
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030 
                5.1.2.    48-Volt Lithium-Ion Battery
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
                5.1.3.    Battery Controller
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030 
                5.1.4.    Power Distribution Box
                        5.1.4.1. Market Definition
                        5.1.4.2. Market Estimation and Forecast to 2030
                5.1.5.    Others
                        5.1.5.1. Market Definition
                        5.1.5.2. Market Estimation and Forecast to 2030 
                
        5.2.    By Architecture
                5.2.1.    Crankshaft Mounted 
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    Belt Driven 
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030
                5.2.3.    Transmission Output Shaft
                        5.2.3.1. Market Definition
                        5.2.3.2. Market Estimation and Forecast to 2030
                5.2.4.    Dual-Clutch Transmission Mounted
                        5.2.4.1. Market Definition
                        5.2.4.2. Market Estimation and Forecast to 2030
                
        5.3.    By Vehicle Type
                5.3.1.    Passenger Vehicle
                        5.3.1.1. Market Definition
                        5.3.1.2. Market Estimation and Forecast to 2030
                5.3.2.    Commercial Vehicle
                        5.3.2.1. Market Definition
                        5.3.2.2. Market Estimation and Forecast to 2030
                
        5.4.    By Vehicle Class
                5.4.1.    Premium
                        5.4.1.1. Market Definition
                        5.4.1.2. Market Estimation and Forecast to 2030
                5.4.2.    Mid
                        5.4.2.1. Market Definition
                        5.4.2.2. Market Estimation and Forecast to 2030
                5.4.3.    Entry
                        5.4.3.1. Market Definition
                        5.4.3.2. Market Estimation and Forecast to 2030
                5.4.4.    Luxury
                        5.4.4.1. Market Definition
                        5.4.4.2. Market Estimation and Forecast to 2030
            
6.    North America Market Estimate and Forecast

        6.1.    By Component
        6.2.    By Architecture
        6.3.    By Vehicle Type
        6.4.    By Vehicle Class
        6.5.    By Country
                6.5.1.    U.S. Market Estimate and Forecast
                6.5.2.    Canada Market Estimate and Forecast
                6.5.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Component
        7.2.    By Architecture
        7.3.    By Vehicle Type
        7.4.    By Vehicle Class
        7.5.    By Country
                7.5.1.    Germany Market Estimate and Forecast
                7.5.2.    France Market Estimate and Forecast
                7.5.3.    U.K. Market Estimate and Forecast
                7.5.4.    Italy Market Estimate and Forecast
                7.5.5.    Spain Market Estimate and Forecast
                7.5.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Component
        8.2.    By Architecture
        8.3.    By Vehicle Type
        8.4.    By Vehicle Class
        8.5.    By Country
                8.5.1.    China Market Estimate and Forecast
                8.5.2.    Japan Market Estimate and Forecast
                8.5.3.    India Market Estimate and Forecast
                8.5.4.    South Korea Market Estimate and Forecast
                8.5.5.    Singapore Market Estimate and Forecast
                8.5.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Component
        9.2.    By Architecture
        9.3.    By Vehicle Type
        9.4.    By Vehicle Class
        9.5.    By Country
                9.5.1.    Brazil Market Estimate and Forecast
                9.5.2.    Saudi Arabia Market Estimate and Forecast
                9.5.3.    South Africa Market Estimate and Forecast
                9.5.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.     Continental AG
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.     BorgWarner Inc.
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3. East Penn Manufacturing Company
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    ENERSYS
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5. GS Yuasa International Ltd.
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6. Hitachi, Ltd.
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Johnson Controls
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Robert Bosch GmbH
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Valeo
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10. Vicor Corporation
                10.10.1. Snapshot
                10.10.2. Overview
                10.10.3. Offerings
                10.10.4. Financial Insight
                10.10.5. Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global 48 Volt Battery System Market Size, By Component, 2018-2023 (USD Billion)
Table 5 Global 48 Volt Battery System Market Size, By Component, 2025-2030 (USD Billion)
Table 6 Global 48 Volt Battery System Market Size, By Architecture, 2018-2023 (USD Billion)
Table 7 Global 48 Volt Battery System Market Size, By Architecture, 2025-2030 (USD Billion)
Table 8 Global 48 Volt Battery System Market Size, By Vehicle Type, 2018-2023 (USD Billion)
Table 9 Global 48 Volt Battery System Market Size, By Vehicle Type, 2025-2030 (USD Billion)
Table 10 Global 48 Volt Battery System Market Size, By Vehicle Class, 2018-2023 (USD Billion)
Table 11 Global 48 Volt Battery System Market Size, By Vehicle Class, 2025-2030 (USD Billion)
Table 12 Global 48 Volt Battery System Market Size, by Region, 2018-2023 (USD Billion)
Table 13 Global 48 Volt Battery System Market Size, by Region, 2025-2030 (USD Billion)
Table 14 North America 48 Volt Battery System Market Size, By Component, 2018-2023 (USD Billion)
Table 15 North America 48 Volt Battery System Market Size, By Component, 2025-2030 (USD Billion)
Table 16 North America 48 Volt Battery System Market Size, By Architecture, 2018-2023 (USD Billion)
Table 17 North America 48 Volt Battery System Market Size, By Architecture, 2025-2030 (USD Billion)
Table 18 North America 48 Volt Battery System Market Size, By Vehicle Type, 2018-2023 (USD Billion)
Table 19 North America 48 Volt Battery System Market Size, By Vehicle Type, 2025-2030 (USD Billion)
Table 20 North America 48 Volt Battery System Market Size, By Vehicle Class, 2018-2023 (USD Billion)
Table 21 North America 48 Volt Battery System Market Size, By Vehicle Class, 2025-2030 (USD Billion)
Table 22 North America 48 Volt Battery System Market Size, by Region, 2018-2023 (USD Billion)
Table 23 North America 48 Volt Battery System Market Size, by Region, 2025-2030 (USD Billion)
Table 24 Europe 48 Volt Battery System Market Size, By Component, 2018-2023 (USD Billion)
Table 25 Europe 48 Volt Battery System Market Size, By Component, 2025-2030 (USD Billion)
Table 26 Europe 48 Volt Battery System Market Size, By Architecture, 2018-2023 (USD Billion)
Table 27 Europe 48 Volt Battery System Market Size, By Architecture, 2025-2030 (USD Billion)
Table 28 Europe 48 Volt Battery System Market Size, By Vehicle Type, 2018-2023 (USD Billion)
Table 29 Europe 48 Volt Battery System Market Size, By Vehicle Type, 2025-2030 (USD Billion)
Table 30 Europe 48 Volt Battery System Market Size, By Vehicle Class, 2018-2023 (USD Billion)
Table 31 Europe 48 Volt Battery System Market Size, By Vehicle Class, 2025-2030 (USD Billion)
Table 32 Europe 48 Volt Battery System Market Size, by Region, 2018-2023 (USD Billion)
Table 33 Europe 48 Volt Battery System Market Size, by Region, 2025-2030 (USD Billion)
Table 34 Asia-Pacific 48 Volt Battery System Market Size, By Component, 2018-2023 (USD Billion)
Table 35 Asia-Pacific 48 Volt Battery System Market Size, By Component, 2025-2030 (USD Billion)
Table 36 Asia-Pacific 48 Volt Battery System Market Size, By Architecture, 2018-2023 (USD Billion)
Table 37 Asia-Pacific 48 Volt Battery System Market Size, By Architecture, 2025-2030 (USD Billion)
Table 38 Asia-Pacific 48 Volt Battery System Market Size, By Vehicle Type, 2018-2023 (USD Billion)
Table 39 Asia-Pacific 48 Volt Battery System Market Size, By Vehicle Type, 2025-2030 (USD Billion)
Table 40 Asia-Pacific 48 Volt Battery System Market Size, By Vehicle Class, 2018-2023 (USD Billion)
Table 41 Asia-Pacific 48 Volt Battery System Market Size, By Vehicle Class, 2025-2030 (USD Billion)
Table 42 Asia-Pacific 48 Volt Battery System Market Size, by Region, 2018-2023 (USD Billion)
Table 43 Asia-Pacific 48 Volt Battery System Market Size, by Region, 2025-2030 (USD Billion)
Table 44 RoW 48 Volt Battery System Market Size, By Component, 2018-2023 (USD Billion)
Table 45 RoW 48 Volt Battery System Market Size, By Component, 2025-2030 (USD Billion)
Table 46 RoW 48 Volt Battery System Market Size, By Architecture, 2018-2023 (USD Billion)
Table 47 RoW 48 Volt Battery System Market Size, By Architecture, 2025-2030 (USD Billion)
Table 48 RoW 48 Volt Battery System Market Size, By Vehicle Type, 2018-2023 (USD Billion)
Table 49 RoW 48 Volt Battery System Market Size, By Vehicle Type, 2025-2030 (USD Billion)
Table 50 RoW 48 Volt Battery System Market Size, By Vehicle Class, 2018-2023 (USD Billion)
Table 51 RoW 48 Volt Battery System Market Size, By Vehicle Class, 2025-2030 (USD Billion)
Table 52 RoW 48 Volt Battery System Market Size, by Region, 2018-2023 (USD Billion)
Table 53 RoW 48 Volt Battery System Market Size, by Region, 2025-2030 (USD Billion)
Table 54 Snapshot – Continental AG  
Table 55 Snapshot – BorgWarner Inc.
Table 56 Snapshot – East Penn Manufacturing Company
Table 57 Snapshot – ENERSYS
Table 58 Snapshot – GS Yuasa International Ltd.
Table 59 Snapshot – Hitachi, Ltd.
Table 60 Snapshot – Johnson Controls
Table 61 Snapshot – Robert Bosch GmbH
Table 62 Snapshot – Valeo
Table 63 Snapshot – Vicor Corporation

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global 48 Volt Battery System Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global 48 Volt Battery System Market Highlight
Figure 12 Global 48 Volt Battery System Market Size, By Component, 2018 - 2030 (USD Billion)
Figure 13 Global 48 Volt Battery System Market Size, By Architecture, 2018 - 2030 (USD Billion)
Figure 14 Global 48 Volt Battery System Market Size, By Vehicle Type, 2018 - 2030 (USD Billion)
Figure 15 Global 48 Volt Battery System Market Size, By Vehicle Class, 2018 - 2030 (USD Billion)
Figure 16 Global 48 Volt Battery System Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 17 North America 48 Volt Battery System Market Highlight
Figure 18 North America 48 Volt Battery System Market Size, By Component, 2018 - 2030 (USD Billion)
Figure 19 North America 48 Volt Battery System Market Size, By Architecture, 2018 - 2030 (USD Billion)
Figure 20 North America 48 Volt Battery System Market Size, By Vehicle Type, 2018 - 2030 (USD Billion)
Figure 21 North America 48 Volt Battery System Market Size, By Vehicle Class, 2018 - 2030 (USD Billion)
Figure 22 North America 48 Volt Battery System Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 23 Europe 48 Volt Battery System Market Highlight
Figure 24 Europe 48 Volt Battery System Market Size, By Component, 2018 - 2030 (USD Billion)
Figure 25 Europe 48 Volt Battery System Market Size, By Architecture, 2018 - 2030 (USD Billion)
Figure 26 Europe 48 Volt Battery System Market Size, By Vehicle Type, 2018 - 2030 (USD Billion)
Figure 27 Europe 48 Volt Battery System Market Size, By Vehicle Class, 2018 - 2030 (USD Billion)
Figure 28 Europe 48 Volt Battery System Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 29 Asia-Pacific 48 Volt Battery System Market Highlight
Figure 30 Asia-Pacific 48 Volt Battery System Market Size, By Component, 2018 - 2030 (USD Billion)
Figure 31 Asia-Pacific 48 Volt Battery System Market Size, By Architecture, 2018 - 2030 (USD Billion)
Figure 32 Asia-Pacific 48 Volt Battery System Market Size, By Vehicle Type, 2018 - 2030 (USD Billion)
Figure 33 Asia-Pacific 48 Volt Battery System Market Size, By Vehicle Class, 2018 - 2030 (USD Billion)
Figure 34 Asia-Pacific 48 Volt Battery System Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 35 RoW 48 Volt Battery System Market Highlight
Figure 36 RoW 48 Volt Battery System Market Size, By Component, 2018 - 2030 (USD Billion)
Figure 37 RoW 48 Volt Battery System Market Size, By Architecture, 2018 - 2030 (USD Billion)
Figure 38 RoW 48 Volt Battery System Market Size, By Vehicle Type, 2018 - 2030 (USD Billion)
Figure 39 RoW 48 Volt Battery System Market Size, By Vehicle Class, 2018 - 2030 (USD Billion)
Figure 40 RoW 48 Volt Battery System Market Size, by Region, 2018 - 2030 (USD Billion)