Automotive 48-Volt Battery Market for Electric Vehicle - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
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Rise in the usage of various electrical and electronic systems in the vehicle has put a strain on the 12-volt battery. New technologies such as start- stop, use of transmission and engine sensors to optimize the engine output requires more power. The conventional 12-volt battery is falling short of the growing needs, and the need for a more powerful battery is rising. The engine power is used to run the engine sensors and modules. By adopting a battery to power the engine controls, load on the engine decreases maximizing its efficiency. The adoption of 48-volt battery suffices the power needs of the engine starter, supercharger, and can support various functions such as engine start-stop.
The conventional 12-volt battery has six cells of two-volts each. The 48-volt battery houses 24 cells of two-volts each. The 48-volt battery thus, has four times more power as compared to a conventional 12-volt battery. Demand for power by the infotainment system, upholstery lighting, and powerful air-conditioning is increasing. Consequently, the demand for 48-volt battery is projected to rise due to the rising trend toward electrification of vehicle systems. Auto-manufacturers are adopting the 48-volt system due to stringent government norms to curb emission and obtain fuel efficiency. Several companies such as Continental AG, Schaeffler AG, and Valeo S.A. are developing 48-volt systems for vehicles. The 48-volt battery can be utilized in unison with the 12-volt battery and thus, the system is robust and can be easily adopted. Efforts are being made to adopt the technology to address the climate change occurred due to rising pollution. The 48-volt technology helps reduce emission and is inexpensive as compared to electric vehicle technology. The 48-volt batteries can be charged by regenerative braking, thus improving their efficiency further.
The restraining factor of the 48-volt battery is its high cost. The architecture of electrical systems needs to be changed in order to run a vehicle exclusively on a 48-volt battery. The size of wire, the modules, and supporting components such as motor have to be designed to support 48 volts, which adds to the cost. The cost of the battery is estimated to fall with further developments and competition, and can overcome the restraint.
The 48-volt battery market can be segmented based on vehicle type, battery type, and geography. Based on vehicle type, the market can be classified into pure 48-volt or hybrid 48-volt. The pure 48-volt vehicles only have one 48-volt battery. The hybrid 48-volt vehicles contain a 48-volt battery and a 12-volt battery. The 48-volt battery is utilized to power the high power consuming systems, such as the systems incorporated in the engine to improve efficiency and the control modules used in exhaust in order to monitor emissions. The 12-volt battery is used to power the infotainment system. The 48-volt battery is most widely utilized with a supporting 12-volt system. This configuration is widely accepted, as only a marginal change to the entire architecture in required. Based on battery type, the market can be segregated into lithium ion battery, which is widely used, as it is light in weight, and the lead carbon battery, which has high capacitance and longer battery cycle life. In terms of geography, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa exhibits potential opportunities for 48-volt battery.
Key players operating in the global 48-volt battery market include East Penn Manufacturing Company, which supplies lead carbon battery to the Kia Optima hybrid. Johnson Controls, which have developed a 48-volt lithium ion battery that can be utilized to start a 48-volt starter motor. Hitachi Ltd, which manufactures 48-volt batteries for hybrid vehicles. Robert Bosch GmbH, which supplies 48-volt batteries to Porsche and Fiat.
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