Automotive 48-Volt Battery Market for Electric Vehicle - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Automotive 48-Volt Battery Market for Electric Vehicle - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Report Description

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.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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