48 Volt Battery System Market worth Projected to Touch US$ 1.77 Bn by 2026
automotive 48 volt battery system market is expected to surpass US$ 1.77 Bn by 2026, expanding at a CAGR of more than 65% during the forecast period. The 48 volt battery system comprises a 48-volt Lithium ion battery, AC/DC inverter, battery controller, and power distribution box.
[UKPRwire, Mon Mar 04 2019] With rising adoption of luxury and high end electric vehicles, adoption of 48 volt battery system has witnessed adoption upsurge as apt substitutes for conventional 12 volt battery, backed by end-user needs for high fuel efficiency and superlative performance. Additionally, at the back drop of stringent emission control rules embraced across the globe, the outlook of global 48 volt battery system market for automotive industry demonstrates ample growth scope. In its recent report addition titled, ‘48 Volt Battery System Market for Automotive Industry – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026‘, Market Research Reports Search Engine (MRRSE) enumerates recent market developments and evaluates their reciprocal implications on holistic growth route.
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Considering the infancy of 48 volt battery system market, leading forerunners are inclined towards adequate sensitization initiatives to create ample awareness on the benefits and need for 48 volt battery system for automotive industry. This has encouraged leading players to divert resources towards R&D activities for a differentiated product line and showcase their offerings at several international exhibitions to create significant mass awareness, thereby encourage greater adoption for relentless growth in 48 volt battery system market for automotive industry. To cite an instance, leading market participant, Valeo SA has recently demonstrated its electric 48 volt battery system based electric vehicle at CES 2018.
This elaborate research report on automotive 48 volt battery system market assesses the market at both global and regional levels, in terms of both historic and current market valuations to derive accurate forecast valuations. The report also proceeds further in detailing market overview, definition and dynamics such as drivers, restraints, threats, and challenges that direct growth route in automotive 48 volt battery system market.
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Further, the report elaborates on dynamic segmentation on the basis of which the market is diversified by component, electric vehicle, and vehicle type. By component 48 volt battery system market for automotive industry is split into AC/DC inverter, 48-volt lithium ion battery, battery controller, power distribution box. By EV, the market is clustered into BEV, MHEV, PHEV, and hybrid electric vehicle. In terms of vehicle type 48 volt battery system market for automotive industry is splintered into passenger, light, and heavy commercial vehicles.
Besides aforementioned segmentation, the market is also demarcated in terms of regional segregation, based on which 48 volt battery system market for automotive industry is split into Europe, North and Latin America, MEA, and Asia-Pacific.
The trailing sections of the report also sheds considerable light on competition spectrum, highlighting key players and prominent names in 48 volt battery system market for automotive industry. Each of the mentioned profiles has been assessed meticulously to derive actionable insights on their winning strategies. A thorough analytical review of these strategies by aspiring as well as established players allow them to facilitate accurate investment discretion to retain considerable lead amidst stiffening competition.
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