Global Market for 48 Volt Battery System is Anticipated to grow at a Significant Pace i.e., USD 25.5 Billion during the Forecast Period 2022-2030

Published Date: Dec, 2022

The global 48 Volt Battery System Market is predicted to grow at a CAGR of 27.2% during the forecast period. The increased market demand for improved fuel efficiency and minimizing CO2 emissions in vehicles at affordable prices, the increased trend towards vehicle electrification, and stringent regulation by the government globally to reduce vehicle pollution are the primary factors driving the market development of the 48-volt battery System Industry. The advantages associated with the 48 Volt Battery System Market include an increased level of reliability, high performance, and offers a sustained level of power even when there is low voltage. Thus, making them apt for applications like electric vehicles, small power tools, etc. Moreover, the adoption of 48-volt lithium battery packs that reduce resistive energy loss, allow higher currents, and deliver more power is expected to boost the global 48-volt battery system market share in the near future. Furthermore, the 48-volt battery system allows the battery to be recharged through regenerative braking, thus increasing battery efficiency, which is a significant driver of the market. Also, an upsurge in market demand for mild hybrid vehicles in emerging regions due to their efficiency and cost-effectiveness is expected to drive growth in the market for 48-volt mild hybrid vehicles.

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.

Bowse 63 market data Tables and 40 Figures spread through 225 Pages and in-depth TOC on "48 Volt Battery System Market by Component (AC/DC Inverter, 48-Volt Lithium-Ion Battery, Battery Controller, Power Distribution Box, and Others), by Architecture (Crankshaft Mounted, Belt Driven, Transmission Output Shaft, and Dual-Clutch Transmission-Mounted), by Vehicle Type (Passenger Vehicle and Commercial Vehicle), by Vehicle Class (Premium, Mid, Entry, and Luxury), and Region - Global Forecast to 2030

By Vehicle Type, the passenger vehicle segment will witness the largest market share during the forecast period.

Based on Vehicle Type, the Global 48 Volt Battery System Market is bifurcated into Passenger Vehicle and Commercial Vehicle. The 48V power supply can be employed for a variety of vehicle functions such as starting, braking energy recuperation, and air conditioning. It also helps to power electric and hybrid vehicles, which are becoming increasingly popular among consumers.

Global 48 Volt Battery System Market Segmentation Analysis

Segment

Categorization

Leading Category

Component

AC/DC Inverter, 48-Volt Lithium-Ion Battery, Battery Controller, Power Distribution Box, and Others

AC/DC Inverter (Largest)

 

Architecture

Crankshaft Mounted, Belt Driven, Transmission Output Shaft, and Dual-Clutch Transmission-Mounted

Belt Driven (Largest)

Vehicle Type

Passenger Vehicle and Commercial Vehicle

Passenger Vehicle (Largest)

Vehicle Class

Premium, Mid, Entry, and Luxury

Mid-Sized (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific

(Largest)

 

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“Europe is expected to witness promising growth during the forecast period in the global 48 Volt Battery System Market.”

Europe is expected to have promising growth during the projected timeframe as manufacturers in the region provide luxurious and performance-driven vehicles. Moreover, the presence of key players in the region will provide potential market prospects in the 48 Volt Battery System Industry in the region.

Some of the major players in the global 48 Volt Battery System Industry 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.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2018–2030

Historical Period

2018–2021

Base Year

2021

Forecast Period

2022–2030

Segments Covered in the Study

Component, Architecture, Vehicle Type, Vehicle Class, and Region

Geographies Covered in the Study

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

Companies Covered in the Study

Continental AG, BorgWarner Inc., East Penn Manufacturing Company, ENERSYS, GS Yuasa International Ltd., Hitachi, Ltd., Johnson Controls, Robert Bosch GmbH, Valeo, and Vicor Corporation

Global 48 Volt Battery System Market Coverage

Component Insight and Forecast 2018-2030

  • AC/DC Inverter
  • 48-Volt Lithium-Ion Battery
  • Battery Controller
  • Power Distribution Box
  • Others

Architecture Insight and Forecast 2018-2030

  • Crankshaft Mounted
  • Belt Driven
  • Transmission Output Shaft
  • Dual-Clutch Transmission-Mounted

Vehicle Type Insight and Forecast 2018-2030

  • Passenger Vehicle
  • Commercial Vehicle

Vehicle Class Insight and Forecast 2018-2030

  • Premium
  • Mid
  • Entry
  • Luxury

Geographical Segmentation

48 Volt Battery System Market by Region

North America

  • By Component
  • By Architecture
  • By Vehicle Type
  • By Vehicle Class
  • By Country – U.S., Canada, and Mexico

Europe

  • By Component
  • By Architecture
  • By Vehicle Type
  • By Vehicle Class
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Component
  • By Architecture
  • By Vehicle Type
  • By Vehicle Class
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Component
  • By Architecture
  • By Vehicle Type
  • By Vehicle Class
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries