48 Volt Battery System Market: Soaring Demands of Luxury and Hybrid Vehicles

Posted by Deeksha on March 29th, 2019

With the onset of hybrid as well as luxury vehicles, adoption of 48 volt battery systems is likely to attain reasonable traction as apt substitutes for 12 volt batteries. Comprising lithium ion battery, battery controller, power distribution, and AC/DC inverter, 48 volt battery system demonstrates superlative performance and fuel efficiency, thereby mimicking stringent emission control mandates. Factors as such are anticipated to manifest lucrative growth returns in the coming years. However, high pricing brackets are likely to impede growth in the light of fewer adoption across emerging economies. These market highlights are in line with Market Research Hub's (MRH) novel report compilation titled, '48 Volt Battery System Market for Automotive Industry - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026' pinned in its burgeoning data archive.

R&D endeavors pertaining novel innovations in 48 volt battery system as well as significant investments towards exhibitions to showcase flagship, cuttig edge technologies for superlative performance continue to remain staple growth strategies embraced by leading players in 48 volt battery system market. The market is still at an infancy stage and market players therefore are inclined towards hosting ample awareness campaigns to create mass awareness on the advantages of 48 volt batteries.

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MHEV (Mild Hybrid Electric Vehicle) Segment to Steer Revenue Maximization

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.

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.

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Europe to Remain Lucrative Regional Belt through the Forecast Span

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.

Competition Spectrum: 48 Volt Battery System Market for Automotive Industry

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 stiffen