48 Volt Battery System Market Key Vendors, Trends and Forecast by 2031

MARKET OVERVIEW

The 48-volt battery system includes a 48-volt lithium-ion battery, battery controller, AC/DC inverter, and power distribution box. The 48-volt battery system offers four-times the power of a 12-volt battery. The 48-volt battery system has been extensively adopted in mild hybrid vehicles and is possible to be adopted by luxury vehicles during the forecast period in order to increase the performance and efficiency of vehicles.

MARKET SCOPE

The "Global 48 Volt Battery System Market Analysis to 2031" is a specialized and in-depth study of the 48 volt battery system market with a special focus on the global market trend analysis. The report aims to provide an overview of 48 volt battery system market with detailed market segmentation by component, vehicle type. The report provides key statistics on the market status of the leading 48 volt battery system market players and offers key trends and opportunities in the 48 volt battery system market.

MARKET SEGMENTATION

•   The global 48 volt battery system market is segmented on the basis of component, vehicle type.
  
•   On the basis of component, the market is segmented as AC/DC inverter, 48-volt lithium ion battery, battery controller, power distribution box.
  
•   On the basis of vehicle type, the market is segmented as passenger vehicle, light commercial vehicle, heavy commercial vehicle.
  

MARKET DYNAMICS

Drivers:

•   Stringent emission regulations
  
•   High cost-effective as compared to conventional battery
  
•   Quickly charged and lasts long
  

Restraints:

•   The high cost of implementation
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The 48 volt battery system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the 48 volt battery system market in these regions.

IMPACT OF COVID-19 ON 48 VOLT BATTERY SYSTEM MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the 48 volt battery system market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from 48 volt battery system market market are anticipated to lucrative growth opportunities in the future with the rising demand for 48 volt battery system market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the 48 volt battery system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   A123 Systems LLC
  
•   Delphi Technologies
  
•   East Penn Manufacturing Company
  
•   EnerSys
  
•   FURUKAWA ELECTRIC CO., LTD
  
•   GS Yuasa International Ltd.
  
•   Hitachi, Ltd.
  
•   Johnson Controls.
  
•   Robert Bosch GmbH
  
•   Valeo
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

48 Volt Battery System Report Scope