Analysts’ Viewpoint on Market Scenario
The automobile industry is promoting the electrification of the powertrain for vehicles to comply with the fuel economy regulations that are being enforced around the world. 48-volt battery systems help run internal combustion engines more efficiently and provide greater fuel economy and reduced emissions at a relatively low cost. This is augmenting the global 48 volt battery system market during the forecast period.
Furthermore, research & development initiatives can be taken up by market players to further upgrade the performance of battery systems. These 48V battery systems have the potential to reduce CO2 emissions over the next several years at a cost that is affordable to a wider section of customers. Major automotive manufacturers are integrating 48 volt battery systems in vehicles to improve performance and gain tremendous growth opportunities.
Demand for 48 volt battery management systems is increasing among automakers across the globe. The 48 volt technology enables the power management system of a vehicle to absorb more kinetic energy from braking and convert it into electricity, as well as to switch between using the electric motor as a generator. It uses a combination of an internal combustion engine and an electric motor to improve vehicle efficiency in several ways, including turning off the engine at idle, using the electric motor as a generator to recapture energy lost to braking, and replacing mechanical components with electrical components.
Moreover, the utilization of 48 volt battery backup systems enables the integration of numerous components into the powertrain, where the electrified powertrain components are integrated with a conventional internal combustion engine system. The intermediate technology can improve traditional powertrains by replacing the alternator with reversible 48V electric machine and adding 48V battery. This increases fuel efficiency in vehicles such as cars, trucks, and buses with an optimal balance of the powertrain components.
Governments across the globe are enacting stringent regulations to lower vehicle pollution and CO2 emissions, which is anticipated to offer significant opportunities for market players during the forecast period. Increase in adoption of 48 volt lithium battery packs that minimize resistive loss of energy, allows higher currents, and greater power delivery, is expected to increase the global 48 volt battery system market share in the near future.
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Surge in demand for fuel efficiency and increased vehicle performance at a much lower cost among consumers is expected to assist the advancement of 48 volt systems in the automotive industry during the forecast period. Automakers in China, Europe, North America, and other nations are significantly focusing on reduction of CO2 emissions by lowering fuel consumption. The shift to 48 volt systems allows higher currents and enables greater power delivery, while offering excellent safety and durability. The primary advantage of these systems is that they are cost-efficient and help comply with the regulatory requirements for CO2 emissions.
Governments around the world are implementing stringent regulations to reduce pollution emitted from vehicles. Automakers are focused on the development of various electrified vehicles to improve fuel economy, in order to abide by emission standards. Several government bodies across the globe support the adoption and integration of EVs.
Moreover, 48 volt battery systems in modern vehicles are different from a conventional IC engine vehicle at the fundamental level in terms of design, performance, durability, and safety. Implementation of 48 volt battery systems is likely to offer lucrative opportunities for market players in the near future. Therefore, stringent government norms and favorable policies are expected to fuel global market progress during the forecast period.
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In terms of electric vehicle, the mild hybrid electric vehicle (MHEV) segment is anticipated to dominate the global 48 volt battery system market during the forecast period. Rise in implementation of 48V battery system in mild hybrid vehicles is augmenting segment growth, as its components work in parallel with the combustion engine in MHEVs.
These improvements further enable the mild hybrid vehicle to have increased acceleration, quiet start-stop, near-silent electric take-off, and other improved driver experiences at less than half the cost and effort compared to the strong hybrids. Additionally, rise in stringent emission regulations is also expected to further promote the adoption of 48 volt battery systems in MHEVs in the next few years.
Based on vehicle type, the passenger vehicle segment is expected to hold dominant share of the global 48 volt battery system industry during the forecast period. It is the fastest-growing vehicle type in the automobile sector. Various initiatives by several governments to produce low-emission vehicles to meet the impending regulations and support the development of comprehensive charging infrastructure are likely to drive the passenger vehicle segment in the near future. Implementation of advanced technologies and rise in demand for fuel-efficient, safe, and reliable vehicles are estimated to augment the demand for passenger vehicles in the next few years.
The 48 volt battery system business in Asia Pacific is projected to grow at a rapid pace during the forecast period, as manufacturers in the region are introducing new materials and technologies to further increase their production capacity. Furthermore, rise in demand for 48 volt mild hybrid vehicles from consumers is projected to fuel market development in the region.
In terms of share, the market in Asia Pacific is likely to be followed by the market in North America and Europe. This is majorly due to the increase in demand for hybrid electric vehicles in these regions. Stringent emission norms, higher consumer affordability, introduction of tax benefits and subsidies from regulatory bodies in these regions are expected to prompt manufacturers to invest in R&D. This is estimated to enhance product design and quality of the 48 volt battery systems during the forecast period.
The global 48 volt battery system market is fragmented with a large number of technology providers controlling the market share and major companies possessing the potential to increase the pace of growth by the way of adoption of innovative developments. Expansion of product portfolios and mergers and acquisitions are major strategies adopted by key players. Tier one suppliers and OEMs in the automotive industry are keen to adopt 48V systems in conventional vehicles.
Some of the key players operating in the market across the globe are A123 Systems LLC, Continental AG, Delphi technologies, East Penn Manufacturing Company, EnerSys, Furukawa Electric Co. Ltd., GS Yuasa Corporation, Hitachi, Ltd., Johnson Controls International Plc, BorgWarner Inc., Robert Bosch GmbH, Valeo SA, Vicor Corporation, and ZF Friedrichshafen AG.
Key players have been profiled in the market research report based on parameters such as company overview, business strategies, financial overview, business segments, product portfolio, and recent developments.
Global 48 Volt Battery System Market
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Attribute |
Detail |
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Market Size Value in 2021 |
US$ 2.3 Bn |
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Market Forecast Value in 2031 |
US$ 27.0 Bn |
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Growth Rate (CAGR) |
27.8% |
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Forecast Period |
2022–2031 |
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Historical Data Available for |
2017–2021 |
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Quantitative Units |
US$ Bn for Value and Million Units for Volume |
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Market Analysis |
It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
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Competition Landscape |
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Format |
Electronic (PDF) + Excel |
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Market Segmentation |
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Regions Covered |
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Countries Covered |
|
|
Companies Profile |
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|
Customization Scope |
Available upon request |
|
Pricing |
Available upon request |
The market was valued at US$ 2.3 Bn in 2021.
It is expected to advance at a CAGR of 27.8% by 2031.
The market would be worth US$ 27.0 Bn in 2031.
Implementation of stringent regulations by governments across the globe to lower vehicle pollution and rise in demand for better fuel-efficiency and reduced CO2 emissions in vehicles at low cost.
The passenger vehicle segment held largest share of the market in 2021.
Asia Pacific is the most lucrative region of the global market.
A123 Systems LLC, Continental AG, Delphi technologies, East Penn Manufacturing Company, EnerSys, Furukawa Electric Co. Ltd., GS Yuasa Corporation, Hitachi, Ltd., Johnson Controls International Plc, BorgWarner Inc., Robert Bosch GmbH, Valeo SA, Vicor Corporation, and ZF Friedrichshafen AG.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary : Global 48 Volt Battery System Market
3.1. Global 48 Volt Battery System Market Size, Million Units, US$ Bn, 2017-2031
4. Market Overview
4.1. Overview
4.2. Technology Roadmap for 48V Battery System
4.3. Key Trend Analysis
4.4. Market Dynamics
4.4.1. Drivers
4.4.2. Restraints
4.5. Opportunity
4.6. Porter’s Five Force Analysis
4.7. Value Chain Analysis
4.7.1. List of Key Manufacturers
4.7.2. List of Customers
4.7.3. Level of Integration
4.8. Regulatory Scenario
4.9. SWOT Analysis
5. Global 48 Volt Battery System Market: Business Case Study
6. 48 Volt Battery System: Ecosystem Mapping
7. Global 48 Volt Battery System Market Analysis and Forecast, by Component
7.1. Introduction & Definition
7.2. Key Findings
7.3. 48 Volt Battery System Volume (Million Units) & Value (US$ Bn) Forecast, by Component, 2017-2031
7.3.1. AC/DC Inverter
7.3.2. 48-volt Lithium-ion Battery
7.3.3. Battery Controller
7.3.4. Power Distribution Box
8. Global 48 Volt Battery System Market Analysis and Forecast, by Electric Vehicle
8.1. Introduction & Definition
8.2. Key Findings
8.3. 48 Volt Battery System Volume (Million Units) & Value (US$ Bn) Forecast, by Electric Vehicle, 2017-2031
8.3.1. Battery Electric Vehicle (BEV)
8.3.2. Mild Hybrid Electric Vehicle (MHEV)
8.3.3. Plug-in Hybrid Vehicle (PHEV)
8.3.4. Hybrid Electric Vehicle (HEV)
8.4. 48 Volt Battery System Volume (Million Units) & Value (US$ Bn) Forecast, by Vehicle, 2017-2031
8.4.1. Passenger Vehicle
8.4.2. Light Commercial Vehicle
8.4.3. Heavy Commercial Vehicle
9. Global 48 Volt Battery System Market Analysis and Forecast, by Region
9.1. Key Findings
9.2. 48 Volt Battery System Volume (Million Units) & Value (US$ Bn) Forecast, by Region, 2017-2031
9.2.1. North America
9.2.2. Latin America
9.2.3. Europe
9.2.4. Asia Pacific
9.2.5. Middle East & Africa
9.3. 48 Volt Battery System Market Attractiveness Analysis By Region
10. North America 48 Volt Battery System Market Size and Forecast (US$ Bn), 2017-2031
10.1. Key Findings
10.2. North America Market, by Component
10.2.1. AC/DC Inverter
10.2.2. 48-volt Lithium-ion Battery
10.2.3. Battery Controller
10.2.4. Power Distribution Box
10.3. North America Market, by Electric Vehicle
10.3.1. Battery Electric Vehicle (BEV)
10.3.2. Mild Hybrid Electric Vehicle (MHEV)
10.3.3. Plug-in Hybrid Vehicle (PHEV)
10.3.4. Hybrid Electric Vehicle (HEV)
10.4. North America Market, by Vehicle
10.4.1. Passenger Vehicle
10.4.2. Light Commercial Vehicle
10.4.3. Heavy Commercial Vehicle
10.5. North America Market Size & Forecast, by Country
10.5.1. U.S.
10.5.2. Canada
10.6. U.S. Market, by Component
10.6.1. AC/DC Inverter
10.6.2. 48-volt Lithium-ion Battery
10.6.3. Battery Controller
10.6.4. Power Distribution Box
10.7. U.S. Market, by Electric Vehicle
10.7.1. Battery Electric Vehicle (BEV)
10.7.2. Mild Hybrid Electric Vehicle (MHEV)
10.7.3. Plug-in Hybrid Vehicle (PHEV)
10.7.4. Hybrid Electric Vehicle (HEV)
10.8. U.S. Market, by Vehicle
10.8.1. Passenger Vehicle
10.8.2. Light Commercial Vehicle
10.8.3. Heavy Commercial Vehicle
10.9. Canada Market, by Component
10.9.1. AC/DC Inverter
10.9.2. 48-volt Lithium-ion Battery
10.9.3. Battery Controller
10.9.4. Power Distribution Box
10.10. Canada Market, by Electric Vehicle
10.10.1. Battery Electric Vehicle (BEV)
10.10.2. Mild Hybrid Electric Vehicle (MHEV)
10.10.3. Plug-in Hybrid Vehicle (PHEV)
10.10.4. Hybrid Electric Vehicle (HEV)
10.11. Canada Market, by Vehicle
10.11.1. Passenger Vehicle
10.11.2. Light Commercial Vehicle
10.11.3. Heavy Commercial Vehicle
10.12. North America 48 Volt Battery System Market: PEST Analysis
11. Latin America 48 Volt Battery System Market Size and Forecast (US$ Bn), 2017-2031
11.1. Key Findings
11.2. Latin America Market, by Component
11.2.1. AC/DC Inverter
11.2.2. 48-volt Lithium-ion Battery
11.2.3. Battery Controller
11.2.4. Power Distribution Box
11.3. Latin America Market, by Electric Vehicle
11.3.1. Battery Electric Vehicle (BEV)
11.3.2. Mild Hybrid Electric Vehicle (MHEV)
11.3.3. Plug-in Hybrid Vehicle (PHEV)
11.3.4. Hybrid Electric Vehicle (HEV)
11.4. Latin America Market, by Vehicle
11.4.1. Passenger Vehicle
11.4.2. Light Commercial Vehicle
11.4.3. Heavy Commercial Vehicle
11.5. Latin America Market Size & Forecast, by Country
11.5.1. Brazil
11.5.2. Mexico
11.5.3. Rest of Latin America
11.6. Brazil Market, by Component
11.6.1. AC/DC Inverter
11.6.2. 48-volt Lithium-ion Battery
11.6.3. Battery Controller
11.6.4. Power Distribution Box
11.7. Brazil Market, by Electric Vehicle
11.7.1. Battery Electric Vehicle (BEV)
11.7.2. Mild Hybrid Electric Vehicle (MHEV)
11.7.3. Plug-in Hybrid Vehicle (PHEV)
11.7.4. Hybrid Electric Vehicle (HEV)
11.8. Brazil Market, by Vehicle
11.8.1. Passenger Vehicle
11.8.2. Light Commercial Vehicle
11.8.3. Heavy Commercial Vehicle
11.9. Mexico Market, by Component
11.9.1. AC/DC Inverter
11.9.2. 48-volt Lithium-ion Battery
11.9.3. Battery Controller
11.9.4. Power Distribution Box
11.10. Mexico Market, by Electric Vehicle
11.10.1. Battery Electric Vehicle (BEV)
11.10.2. Mild Hybrid Electric Vehicle (MHEV)
11.10.3. Plug-in Hybrid Vehicle (PHEV)
11.10.4. Hybrid Electric Vehicle (HEV)
11.11. Mexico Market, by Vehicle
11.11.1. Passenger Vehicle
11.11.2. Light Commercial Vehicle
11.11.3. Heavy Commercial Vehicle
11.12. Rest of Latin America Market, by Component
11.12.1. AC/DC Inverter
11.12.2. 48-volt Lithium-ion Battery
11.12.3. Battery Controller
11.12.4. Power Distribution Box
11.13. Rest of Latin America Market, by Electric Vehicle
11.13.1. Battery Electric Vehicle (BEV)
11.13.2. Mild Hybrid Electric Vehicle (MHEV)
11.13.3. Plug-in Hybrid Vehicle (PHEV)
11.13.4. Hybrid Electric Vehicle (HEV)
11.14. Rest of Latin America Market, by Vehicle
11.14.1. Passenger Vehicle
11.14.2. Light Commercial Vehicle
11.14.3. Heavy Commercial Vehicle
11.15. Latin America 48 Volt Battery System Market: PEST Analysis
12. Europe 48 Volt Battery System Market Size and Forecast (US$ Bn), 2017-2031
12.1. Key Findings
12.2. Europe Market, by Component
12.2.1. AC/DC Inverter
12.2.2. 48-volt Lithium-ion Battery
12.2.3. Battery Controller
12.2.4. Power Distribution Box
12.3. Europe Market, by Electric Vehicle
12.3.1. Battery Electric Vehicle (BEV)
12.3.2. Mild Hybrid Electric Vehicle (MHEV)
12.3.3. Plug-in Hybrid Vehicle (PHEV)
12.3.4. Hybrid Electric Vehicle (HEV)
12.4. Europe Market, by Vehicle
12.4.1. Passenger Vehicle
12.4.2. Light Commercial Vehicle
12.4.3. Heavy Commercial Vehicle
12.5. Europe Market Size & Forecast, by Country
12.5.1. Germany
12.5.2. U.K.
12.5.3. France
12.5.4. Italy
12.5.5. Spain
12.5.6. Rest of Europe
12.6. Germany Market, by Component
12.6.1. AC/DC Inverter
12.6.2. 48-volt Lithium-ion Battery
12.6.3. Battery Controller
12.6.4. Power Distribution Box
12.7. Germany Market, by Electric Vehicle
12.7.1. Battery Electric Vehicle (BEV)
12.7.2. Mild Hybrid Electric Vehicle (MHEV)
12.7.3. Plug-in Hybrid Vehicle (PHEV)
12.7.4. Hybrid Electric Vehicle (HEV)
12.8. Germany Market, by Vehicle
12.8.1. Passenger Vehicle
12.8.2. Light Commercial Vehicle
12.8.3. Heavy Commercial Vehicle
12.9. U.K. Market, by Component
12.9.1. AC/DC Inverter
12.9.2. 48-volt Lithium-ion Battery
12.9.3. Battery Controller
12.9.4. Power Distribution Box
12.10. U.K. Market, by Electric Vehicle
12.10.1. Battery Electric Vehicle (BEV)
12.10.2. Mild Hybrid Electric Vehicle (MHEV)
12.10.3. Plug-in Hybrid Vehicle (PHEV)
12.10.4. Hybrid Electric Vehicle (HEV)
12.11. U.K. Market, by Vehicle
12.11.1. Passenger Vehicle
12.11.2. Light Commercial Vehicle
12.11.3. Heavy Commercial Vehicle
12.12. France Market, by Component
12.12.1. AC/DC Inverter
12.12.2. 48-volt Lithium-ion Battery
12.12.3. Battery Controller
12.12.4. Power Distribution Box
12.13. France Market, by Electric Vehicle
12.13.1. Battery Electric Vehicle (BEV)
12.13.2. Mild Hybrid Electric Vehicle (MHEV)
12.13.3. Plug-in Hybrid Vehicle (PHEV)
12.13.4. Hybrid Electric Vehicle (HEV)
12.14. France Market, by Vehicle
12.14.1. Passenger Vehicle
12.14.2. Light Commercial Vehicle
12.14.3. Heavy Commercial Vehicle
12.15. Italy Market, by Component
12.15.1. AC/DC Inverter
12.15.2. 48-volt Lithium-ion Battery
12.15.3. Battery Controller
12.15.4. Power Distribution Box
12.16. Italy Market, by Electric Vehicle
12.16.1. Battery Electric Vehicle (BEV)
12.16.2. Mild Hybrid Electric Vehicle (MHEV)
12.16.3. Plug-in Hybrid Vehicle (PHEV)
12.16.4. Hybrid Electric Vehicle (HEV)
12.17. Italy Market, by Vehicle
12.17.1. Passenger Vehicle
12.17.2. Light Commercial Vehicle
12.17.3. Heavy Commercial Vehicle
12.18. Spain Market, by Component
12.18.1. AC/DC Inverter
12.18.2. 48-volt Lithium-ion Battery
12.18.3. Battery Controller
12.18.4. Power Distribution Box
12.19. Spain Market, by Electric Vehicle
12.19.1. Battery Electric Vehicle (BEV)
12.19.2. Mild Hybrid Electric Vehicle (MHEV)
12.19.3. Plug-in Hybrid Vehicle (PHEV)
12.19.4. Hybrid Electric Vehicle (HEV)
12.20. Spain Market, by Vehicle
12.20.1. Passenger Vehicle
12.20.2. Light Commercial Vehicle
12.20.3. Heavy Commercial Vehicle
12.21. Rest of Europe Market, by Component
12.21.1. AC/DC Inverter
12.21.2. 48-volt Lithium-ion Battery
12.21.3. Battery Controller
12.21.4. Power Distribution Box
12.22. Rest of Europe Market, by Electric Vehicle
12.22.1. Battery Electric Vehicle (BEV)
12.22.2. Mild Hybrid Electric Vehicle (MHEV)
12.22.3. Plug-in Hybrid Vehicle (PHEV)
12.22.4. Hybrid Electric Vehicle (HEV)
12.23. Rest of Europe Market, by Vehicle
12.23.1. Passenger Vehicle
12.23.2. Light Commercial Vehicle
12.23.3. Heavy Commercial Vehicle
12.24. Europe 48 Volt Battery System Market: PEST Analysis
13. Asia Pacific 48 Volt Battery System Market Size and Forecast (US$ Bn), 2017-2031
13.1. Key Findings
13.2. Asia Pacific Market, by Component
13.2.1. AC/DC Inverter
13.2.2. 48-volt Lithium-ion Battery
13.2.3. Battery Controller
13.2.4. Power Distribution Box
13.3. Asia Pacific Market, by Electric Vehicle
13.3.1. Battery Electric Vehicle (BEV)
13.3.2. Mild Hybrid Electric Vehicle (MHEV)
13.3.3. Plug-in Hybrid Vehicle (PHEV)
13.3.4. Hybrid Electric Vehicle (HEV)
13.4. Asia Pacific Market, by Vehicle
13.4.1. Passenger Vehicle
13.4.2. Light Commercial Vehicle
13.4.3. Heavy Commercial Vehicle
13.5. Asia Pacific Market Size & Forecast, by Country
13.5.1. China
13.5.2. India
13.5.3. Japan
13.5.4. South Korea
13.5.5. ASEAN
13.5.6. Rest of Asia Pacific
13.6. China Market, by Component
13.6.1. AC/DC Inverter
13.6.2. 48-volt Lithium-ion Battery
13.6.3. Battery Controller
13.6.4. Power Distribution Box
13.7. China Market, by Electric Vehicle
13.7.1. Battery Electric Vehicle (BEV)
13.7.2. Mild Hybrid Electric Vehicle (MHEV)
13.7.3. Plug-in Hybrid Vehicle (PHEV)
13.7.4. Hybrid Electric Vehicle (HEV)
13.8. China Market, by Vehicle
13.8.1. Passenger Vehicle
13.8.2. Light Commercial Vehicle
13.8.3. Heavy Commercial Vehicle
13.9. India Market, by Component
13.9.1. AC/DC Inverter
13.9.2. 48-volt Lithium-ion Battery
13.9.3. Battery Controller
13.9.4. Power Distribution Box
13.10. India Market, by Electric Vehicle
13.10.1. Battery Electric Vehicle (BEV)
13.10.2. Mild Hybrid Electric Vehicle (MHEV)
13.10.3. Plug-in Hybrid Vehicle (PHEV)
13.10.4. Hybrid Electric Vehicle (HEV)
13.11. India Market, by Vehicle
13.11.1. Passenger Vehicle
13.11.2. Light Commercial Vehicle
13.11.3. Heavy Commercial Vehicle
13.12. Japan Market, by Component
13.12.1. AC/DC Inverter
13.12.2. 48-volt Lithium-ion Battery
13.12.3. Battery Controller
13.12.4. Power Distribution Box
13.13. Japan Market, by Electric Vehicle
13.13.1. Battery Electric Vehicle (BEV)
13.13.2. Mild Hybrid Electric Vehicle (MHEV)
13.13.3. Plug-in Hybrid Vehicle (PHEV)
13.13.4. Hybrid Electric Vehicle (HEV)
13.14. Japan Market, by Vehicle
13.14.1. Passenger Vehicle
13.14.2. Light Commercial Vehicle
13.14.3. Heavy Commercial Vehicle
13.15. South Korea Market, by Component
13.15.1. AC/DC Inverter
13.15.2. 48-volt Lithium-ion Battery
13.15.3. Battery Controller
13.15.4. Power Distribution Box
13.16. South Korea Market, by Electric Vehicle
13.16.1. Battery Electric Vehicle (BEV)
13.16.2. Mild Hybrid Electric Vehicle (MHEV)
13.16.3. Plug-in Hybrid Vehicle (PHEV)
13.16.4. Hybrid Electric Vehicle (HEV)
13.17. South Korea Market, by Vehicle
13.17.1. Passenger Vehicle
13.17.2. Light Commercial Vehicle
13.17.3. Heavy Commercial Vehicle
13.18. ASEAN Market, by Component
13.18.1. AC/DC Inverter
13.18.2. 48-volt Lithium-ion Battery
13.18.3. Battery Controller
13.18.4. Power Distribution Box
13.19. ASEAN Market, by Electric Vehicle
13.19.1. Battery Electric Vehicle (BEV)
13.19.2. Mild Hybrid Electric Vehicle (MHEV)
13.19.3. Plug-in Hybrid Vehicle (PHEV)
13.19.4. Hybrid Electric Vehicle (HEV)
13.20. ASEAN Market, by Vehicle
13.20.1. Passenger Vehicle
13.20.2. Light Commercial Vehicle
13.20.3. Heavy Commercial Vehicle
13.21. Rest of Asia Pacific Market, by Component
13.21.1. AC/DC Inverter
13.21.2. 48-volt Lithium-ion Battery
13.21.3. Battery Controller
13.21.4. Power Distribution Box
13.22. Rest of Asia Pacific Market, by Electric Vehicle
13.22.1. Battery Electric Vehicle (BEV)
13.22.2. Mild Hybrid Electric Vehicle (MHEV)
13.22.3. Plug-in Hybrid Vehicle (PHEV)
13.22.4. Hybrid Electric Vehicle (HEV)
13.23. Rest of Asia Pacific Market, by Vehicle
13.23.1. Passenger Vehicle
13.23.2. Light Commercial Vehicle
13.23.3. Heavy Commercial Vehicle
13.23.4. Buses & Coaches
13.24. Asia Pacific 48 Volt Battery System Market: PEST Analysis
14. Middle East & Africa 48 Volt Battery System Market Size and Forecast (US$ Bn), 2017-2031
14.1. Key Findings
14.2. Middle East & Africa Market, by Component
14.2.1. AC/DC Inverter
14.2.2. 48-volt Lithium-ion Battery
14.2.3. Battery Controller
14.2.4. Power Distribution Box
14.3. Middle East & Africa Market, by Electric Vehicle
14.3.1. Battery Electric Vehicle (BEV)
14.3.2. Mild Hybrid Electric Vehicle (MHEV)
14.3.3. Plug-in Hybrid Vehicle (PHEV)
14.3.4. Hybrid Electric Vehicle (HEV)
14.4. Middle East & Africa Market, by Vehicle
14.4.1. Passenger Vehicle
14.4.2. Light Commercial Vehicle
14.4.3. Heavy Commercial Vehicle
14.5. Middle East & Africa Market Size & Forecast, by Country
14.5.1. GCC
14.5.2. South Africa
14.5.3. Rest of Middle East & Africa
14.6. GCC Market, by Component
14.6.1. AC/DC Inverter
14.6.2. 48-volt Lithium-ion Battery
14.6.3. Battery Controller
14.6.4. Power Distribution Box
14.7. GCC Market, by Electric Vehicle
14.7.1. Battery Electric Vehicle (BEV)
14.7.2. Mild Hybrid Electric Vehicle (MHEV)
14.7.3. Plug-in Hybrid Vehicle (PHEV)
14.7.4. Hybrid Electric Vehicle (HEV)
14.8. GCC Market, by Vehicle
14.8.1. Passenger Vehicle
14.8.2. Light Commercial Vehicle
14.8.3. Heavy Commercial Vehicle
14.9. South Africa Market, by Component
14.9.1. AC/DC Inverter
14.9.2. 48-volt Lithium-ion Battery
14.9.3. Battery Controller
14.9.4. Power Distribution Box
14.10. South Africa Market, by Electric Vehicle
14.10.1. Battery Electric Vehicle (BEV)
14.10.2. Mild Hybrid Electric Vehicle (MHEV)
14.10.3. Plug-in Hybrid Vehicle (PHEV)
14.10.4. Hybrid Electric Vehicle (HEV)
14.11. South Africa Market, by Vehicle
14.11.1. Passenger Vehicle
14.11.2. Light Commercial Vehicle
14.11.3. Heavy Commercial Vehicle
14.12. Rest of Middle East & Africa Market, by Component
14.12.1. AC/DC Inverter
14.12.2. 48-volt Lithium-ion Battery
14.12.3. Battery Controller
14.12.4. Power Distribution Box
14.13. Rest of Middle East & Africa Market, by Electric Vehicle
14.13.1. Battery Electric Vehicle (BEV)
14.13.2. Mild Hybrid Electric Vehicle (MHEV)
14.13.3. Plug-in Hybrid Vehicle (PHEV)
14.13.4. Hybrid Electric Vehicle (HEV)
14.14. Rest of Middle East & Africa Market, by Vehicle
14.14.1. Passenger Vehicle
14.14.2. Light Commercial Vehicle
14.14.3. Heavy Commercial Vehicle
14.15. Middle East & Africa 48 Volt Battery System Market: PEST Analysis
15. Competition Landscape
15.1. Market Share Analysis By Company (2017)
15.2. Market Player – Competition Matrix (By Tier and Size of companies)
15.3. Company Financials
15.4. Executive Bios/ Key Executive Changes
15.5. Key Market Players (Details – Overview, Overall Volume (Million Units) & Revenue, Recent Developments, Strategy)
15.5.1. A123 Systems LLC
15.5.1.1. Overview
15.5.1.2. Overall Volume (Million Units) & Revenue
15.5.1.3. Recent Developments
15.5.1.4. Strategy
15.5.2. Continental AG
15.5.2.1. Overview
15.5.2.2. Overall Volume (Million Units) & Revenue
15.5.2.3. Recent Developments
15.5.2.4. Strategy
15.5.3. Delphi technologies
15.5.3.1. Overview
15.5.3.2. Overall Volume (Million Units) & Revenue
15.5.3.3. Recent Developments
15.5.3.4. Strategy
15.5.4. East Penn Manufacturing Company
15.5.4.1. Overview
15.5.4.2. Overall Volume (Million Units) & Revenue
15.5.4.3. Recent Developments
15.5.4.4. Strategy
15.5.5. EnerSys
15.5.5.1. Overview
15.5.5.2. Overall Volume (Million Units) & Revenue
15.5.5.3. Recent Developments
15.5.5.4. Strategy
15.5.6. Furukawa Electric Co. Ltd.
15.5.6.1. Overview
15.5.6.2. Overall Volume (Million Units) & Revenue
15.5.6.3. Recent Developments
15.5.6.4. Strategy
15.5.7. GS Yuasa Corporation
15.5.7.1. Overview
15.5.7.2. Overall Volume (Million Units) & Revenue
15.5.7.3. Recent Developments
15.5.7.4. Strategy
15.5.8. Hitachi, Ltd.
15.5.8.1. Overview
15.5.8.2. Overall Volume (Million Units) & Revenue
15.5.8.3. Recent Developments
15.5.8.4. Strategy
15.5.9. Johnson Controls International Plc
15.5.9.1. Overview
15.5.9.2. Overall Volume (Million Units) & Revenue
15.5.9.3. Recent Developments
15.5.9.4. Strategy
15.5.10. BorgWarner Inc.
15.5.10.1. Overview
15.5.10.2. Overall Volume (Million Units) & Revenue
15.5.10.3. Recent Developments
15.5.10.4. Strategy
15.5.11. Robert Bosch GmbH
15.5.11.1. Overview
15.5.11.2. Overall Volume (Million Units) & Revenue
15.5.11.3. Recent Developments
15.5.11.4. Strategy
15.5.12. Valeo SA
15.5.12.1. Overview
15.5.12.2. Overall Volume (Million Units) & Revenue
15.5.12.3. Recent Developments
15.5.12.4. Strategy
15.5.13. Vicor Corporation
15.5.13.1. Overview
15.5.13.2. Overall Volume (Million Units) & Revenue
15.5.13.3. Recent Developments
15.5.13.4. Strategy
15.5.14. ZF Friedrichshafen AG
15.5.14.1. Overview
15.5.14.2. Overall Volume (Million Units) & Revenue
15.5.14.3. Recent Developments
15.5.14.4. Strategy
List of Tables
Table 1: Global 48 Volt Battery System Market Volume (Million Units) Forecast, by Component, 2017-2031
Table 2: Global 48 Volt Battery System Market Value (US$ Bn) Forecast, by Component, 2017-2031
Table 3: Global 48 Volt Battery System Market Volume (Million Units) Forecast, by Electric Vehicle, 2017-2031
Table 4: Global 48 Volt Battery System Market Value (US$ Bn) Forecast, by Electric Vehicle, 2017-2031
Table 5: Global 48 Volt Battery System Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 6: Global 48 Volt Battery System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Table 7: Global 48 Volt Battery System Market Volume (Million Units) Forecast, by Region, 2017-2031
Table 8: Global 48 Volt Battery System Market Value (US$ Bn) Forecast, by Region, 2017-2031
Table 9: North America 48 Volt Battery System Market Volume (Million Units) Forecast, by Component, 2017-2031
Table 10: North America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Component, 2017-2031
Table 11: North America 48 Volt Battery System Market Volume (Million Units) Forecast, by Electric Vehicle, 2017-2031
Table 12: North America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Electric Vehicle, 2017-2031
Table 13: North America 48 Volt Battery System Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 14: North America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Table 15: North America 48 Volt Battery System Market Volume (Million Units) Forecast, by Country, 2017-2031
Table 16: North America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Country, 2017-2031
Table 17: Latin America 48 Volt Battery System Market Volume (Million Units) Forecast, by Component, 2017-2031
Table 18: Latin America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Component, 2017-2031
Table 19: Latin America 48 Volt Battery System Market Volume (Million Units) Forecast, by Electric Vehicle, 2017-2031
Table 20: Latin America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Electric Vehicle, 2017-2031
Table 21: Latin America 48 Volt Battery System Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 22: Latin America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Table 23: Latin America 48 Volt Battery System Market Volume (Million Units) Forecast, by Country, 2017-2031
Table 24: Latin America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Country, 2017-2031
Table 25: Europe 48 Volt Battery System Market Volume (Million Units) Forecast, by Component, 2017-2031
Table 26: Europe 48 Volt Battery System Market Value (US$ Bn) Forecast, by Component, 2017-2031
Table 27: Europe 48 Volt Battery System Market Volume (Million Units) Forecast, by Electric Vehicle, 2017-2031
Table 28: Europe 48 Volt Battery System Market Value (US$ Bn) Forecast, by Electric Vehicle, 2017-2031
Table 29: Europe 48 Volt Battery System Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 30: Europe 48 Volt Battery System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Table 31: Europe 48 Volt Battery System Market Volume (Million Units) Forecast, by Country, 2017-2031
Table 32: Europe 48 Volt Battery System Market Value (US$ Bn) Forecast, by Country, 2017-2031
Table 33: Asia Pacific 48 Volt Battery System Market Volume (Million Units) Forecast, by Component, 2017-2031
Table 34: Asia Pacific 48 Volt Battery System Market Value (US$ Bn) Forecast, by Component, 2017-2031
Table 35: Asia Pacific 48 Volt Battery System Market Volume (Million Units) Forecast, by Electric Vehicle, 2017-2031
Table 36: Asia Pacific 48 Volt Battery System Market Value (US$ Bn) Forecast, by Electric Vehicle, 2017-2031
Table 37: Asia Pacific 48 Volt Battery System Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 38: Asia Pacific 48 Volt Battery System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Table 39: Asia Pacific 48 Volt Battery System Market Volume (Million Units) Forecast, by Country, 2017-2031
Table 40: Asia Pacific 48 Volt Battery System Market Value (US$ Bn) Forecast, by Country, 2017-2031
Table 41: Middle East & Africa 48 Volt Battery System Market Volume (Million Units) Forecast, by Component, 2017-2031
Table 42: Middle East & Africa 48 Volt Battery System Market Value (US$ Bn) Forecast, by Component, 2017-2031
Table 43: Middle East & Africa 48 Volt Battery System Market Volume (Million Units) Forecast, by Electric Vehicle, 2017-2031
Table 44: Middle East & Africa 48 Volt Battery System Market Value (US$ Bn) Forecast, by Electric Vehicle, 2017-2031
Table 45: Middle East & Africa 48 Volt Battery System Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 46: Middle East & Africa 48 Volt Battery System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Table 47: Middle East & Africa 48 Volt Battery System Market Volume (Million Units) Forecast, by Country, 2017-2031
Table 48: Middle East & Africa 48 Volt Battery System Market Value (US$ Bn) Forecast, by Country, 2017-2031
List of Figures
Figure 1: Global 48 Volt Battery System Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 2: Global 48 Volt Battery System Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 3: Global 48 Volt Battery System Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022-2031
Figure 4: Global 48 Volt Battery System Market Volume (Million Units) Forecast, by Electric Vehicle, 2017-2031
Figure 5: Global 48 Volt Battery System Market Value (US$ Bn) Forecast, by Electric Vehicle, 2017-2031
Figure 6: Global 48 Volt Battery System Market, Incremental Opportunity, by Electric Vehicle, Value (US$ Bn), 2022-2031
Figure 7: Global 48 Volt Battery System Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 8: Global 48 Volt Battery System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 9: Global 48 Volt Battery System Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022-2031
Figure 10: Global 48 Volt Battery System Market Volume (Million Units) Forecast, by Region, 2017-2031
Figure 11: Global 48 Volt Battery System Market Value (US$ Bn) Forecast, by Region, 2017-2031
Figure 12: Global 48 Volt Battery System Market, Incremental Opportunity, by Region, Value (US$ Bn), 2022-2031
Figure 13: North America 48 Volt Battery System Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 14: North America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 15: North America 48 Volt Battery System Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022-2031
Figure 16: North America 48 Volt Battery System Market Volume (Million Units) Forecast, by Electric Vehicle, 2017-2031
Figure 17: North America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Electric Vehicle, 2017-2031
Figure 18: North America 48 Volt Battery System Market, Incremental Opportunity, by Electric Vehicle, Value (US$ Bn), 2022-2031
Figure 19: North America 48 Volt Battery System Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 20: North America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 21: North America 48 Volt Battery System Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022-2031
Figure 22: North America 48 Volt Battery System Market Volume (Million Units) Forecast, by Country, 2017-2031
Figure 23: North America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Country, 2017-2031
Figure 24: North America 48 Volt Battery System Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031
Figure 25: Latin America 48 Volt Battery System Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 26: Latin America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 27: Latin America 48 Volt Battery System Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022-2031
Figure 28: Latin America 48 Volt Battery System Market Volume (Million Units) Forecast, by Electric Vehicle, 2017-2031
Figure 29: Latin America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Electric Vehicle, 2017-2031
Figure 30: Latin America 48 Volt Battery System Market, Incremental Opportunity, by Electric Vehicle, Value (US$ Bn), 2022-2031
Figure 31: Latin America 48 Volt Battery System Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 32: Latin America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 33: Latin America 48 Volt Battery System Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022-2031
Figure 34: Latin America 48 Volt Battery System Market Volume (Million Units) Forecast, by Country, 2017-2031
Figure 35: Latin America 48 Volt Battery System Market Value (US$ Bn) Forecast, by Country, 2017-2031
Figure 36: Latin America 48 Volt Battery System Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031
Figure 37: Europe 48 Volt Battery System Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 38: Europe 48 Volt Battery System Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 39: Europe 48 Volt Battery System Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022-2031
Figure 40: Europe 48 Volt Battery System Market Volume (Million Units) Forecast, by Electric Vehicle, 2017-2031
Figure 41: Europe 48 Volt Battery System Market Value (US$ Bn) Forecast, by Electric Vehicle, 2017-2031
Figure 42: Europe 48 Volt Battery System Market, Incremental Opportunity, by Electric Vehicle, Value (US$ Bn), 2022-2031
Figure 43: Europe 48 Volt Battery System Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 44: Europe 48 Volt Battery System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 45: Europe 48 Volt Battery System Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022-2031
Figure 46: Europe 48 Volt Battery System Market Volume (Million Units) Forecast, by Country, 2017-2031
Figure 47: Europe 48 Volt Battery System Market Value (US$ Bn) Forecast, by Country, 2017-2031
Figure 48: Europe 48 Volt Battery System Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031
Figure 49: Asia Pacific 48 Volt Battery System Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 50: Asia Pacific 48 Volt Battery System Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 51: Asia Pacific 48 Volt Battery System Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022-2031
Figure 52: Asia Pacific 48 Volt Battery System Market Volume (Million Units) Forecast, by Electric Vehicle, 2017-2031
Figure 53: Asia Pacific 48 Volt Battery System Market Value (US$ Bn) Forecast, by Electric Vehicle, 2017-2031
Figure 54: Asia Pacific 48 Volt Battery System Market, Incremental Opportunity, by Electric Vehicle, Value (US$ Bn), 2022-2031
Figure 55: Asia Pacific 48 Volt Battery System Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 56: Asia Pacific 48 Volt Battery System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 57: Asia Pacific 48 Volt Battery System Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022-2031
Figure 58: Asia Pacific 48 Volt Battery System Market Volume (Million Units) Forecast, by Country, 2017-2031
Figure 59: Asia Pacific 48 Volt Battery System Market Value (US$ Bn) Forecast, by Country, 2017-2031
Figure 60: Asia Pacific 48 Volt Battery System Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031
Figure 61: Middle East & Africa 48 Volt Battery System Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 62: Middle East & Africa 48 Volt Battery System Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 63: Middle East & Africa 48 Volt Battery System Market, Incremental Opportunity, by Component, Value (US$ Bn), 2022-2031
Figure 64: Middle East & Africa 48 Volt Battery System Market Volume (Million Units) Forecast, by Electric Vehicle, 2017-2031
Figure 65: Middle East & Africa 48 Volt Battery System Market Value (US$ Bn) Forecast, by Electric Vehicle, 2017-2031
Figure 66: Middle East & Africa 48 Volt Battery System Market, Incremental Opportunity, by Electric Vehicle, Value (US$ Bn), 2022-2031
Figure 67: Middle East & Africa 48 Volt Battery System Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 68: Middle East & Africa 48 Volt Battery System Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 69: Middle East & Africa 48 Volt Battery System Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022-2031
Figure 70: Middle East & Africa 48 Volt Battery System Market Volume (Million Units) Forecast, by Country, 2017-2031
Figure 71: Middle East & Africa 48 Volt Battery System Market Value (US$ Bn) Forecast, by Country, 2017-2031
Figure 72: Middle East & Africa 48 Volt Battery System Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022-2031
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48 Volt Battery System Market
