A recent report published by Infinium Global Research on
automobile 48-Volt battery system market provides in-depth analysis of segments
and sub-segments in the global as well as regional automobile 48-Volt battery
system market. The study also highlights the impact of drivers, restraints, and
macro indicators on the global and regional automobile 48-Volt battery system
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of global automobile 48-Volt
battery system market. According to the report, the global automobile 48-Volt
battery system market is projected to grow at a CAGR of 54.1% over the forecast
period of 2019-2025.
As the air pollution increased, the emission regulations
started to get more stringent, particularly in Europe and the U.S. The emission
standards forced automobile manufacturers to go for engines that will reduce
the emission of the cars. Because of this, new hybrid and alternative fuel powered
vehicles emerged in the market. Leading car manufacturers including
Mercedes-Benz, Audi, Peugeot, Ford, and Chevrolet are producing hybrid and
electric vehicles. Mercedes-Benz has announced a new hybrid SUV GLE580, while
its rival Audi has already launched hybrid SUV Q8, in the same segment. Both of
the vehicles come packed with hybrid engines along with 48-Volt battery
The strict emission regulations, especially by the European
governments is the prime driving force for the automobile 48-Volt battery
system market. The lower emission standards set by the governments led to the
adoption of hybrid cars and electric vehicles. The 48v batteries are widely
used in hybrid cars and electric vehicles for driving the vehicle as well as
for lighting system, pumps, and other applications. Furthermore, the 48-Volt
battery system hybrid solution is more cost effective than the conventional
battery-powered electric vehicle to reduce the emission. This has increased the
demand for the implementation of the 48-Volt battery system in the vehicles.
Moreover, the 48v battery systems get charged quickly and the juice in the
batteries lasts for a longer period compared to conventional batteries. This
advantage of the 48-Volt battery system over the conventional battery has
contributed to the growth of the automobile 48-Volt battery system market.
However, the 48-Volt battery system integration increases the overall cost of
the vehicle which is the major restraining factor for the automobile 48-Volt
battery system market. Additionally, increasing the application of electronic
devices such as the media system, GPS and Bluetooth devices are expected to
provide opportunities for the companies in the automobile 48-Volt battery
Region wise, Europe dominated the automobile 48-Volt battery
system market, accounting for the largest share in the market based on revenue.
Stringent emission standards set by the governments, the presence of prominent
automobile manufacturers and the presence of key battery system market players
in the region contribute to the domination of Europe in the global automobile
48-Volt battery system market. The Asia-Pacific region witnessed the highest
rate of growth in the automobile 48-Volt battery system market owing to the
growing demand for high-performance vehicles in emerging economies including
China and India.
The report on the global automobile 48-Volt battery system
market covers segments such as component, and vehicle. On the basis of
component, the sub-markets include AC/DC inverter, 48-Volt lithium ion battery,
battery controller, power distribution box, and other components. On the basis
of vehicle, the sub-markets include passenger vehicle, and commercial vehicle.
The report provides profiles of the companies in the market
such as A123 Systems LLC, Continental AG, BorgWarner Inc., Delphi Technologies
PLC., Robert Bosch GmbH, East Penn Manufacturing Company, EnerSys, GS Yuasa
Corporation, Hitachi, Ltd., Johnson Controls International Plc, ZF
Friedrichshafen AG, and Other Companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of automobile
48-Volt battery system market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.