The global automotive 48-volt battery market has been gaining traction in the last few years, thanks to the rising demand for on-board power to operate several automotive components and accessories. The use of automotive 48-volt battery systems in vehicles is gathering popularity as they are expected to offer promising growth opportunities for automakers across the globe.

The research report on the global market for automotive 48-volt battery offers a detailed overview, highlighting the key trends and opportunities. The key segmentation, geographical approach, and the competitive landscape of the market have been discussed in the scope of the research report. In addition, a list of the leading players operating in the global market, along with a SWOT analysis has been given in order to offer a clear understanding for readers.

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Global Automotive 48-Volt Battery Market: Trends

A tremendous rise in the demand for high-power and more efficient electrical systems is one of the key factors driving the global market for automotive 48-volt battery market. In addition, governments in several developed and developing economies have imposed strict rules and regulations concerning emissions, thanks to this the market is predicted to witness high growth in the near future. These rules have also encouraged automakers to focus on research and development activities in order to launch new effective products.

The rising adoption of several driver-assist safety features is likely to drive the global automotive 48-volt battery market in the next few years. Furthermore, advancements and innovations in engine accessories, especially in utility and luxury vehicles are estimated to accelerate the growth of the market across the globe.

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Global Automotive 48-Volt Battery Market: Geography

The research report has segmented the global automotive 48-volt battery market on the basis of geography into the Middle and Africa, North America, Europe, Asia Pacific and Latin America. Among these regions, North America, Europe, and Asia Pacific are anticipated to witness high growth in the next few years. The high rate of development in the automotive technologies and the growing popularity of driver-assist systems are the key factors that are likely to accelerate the growth of the market throughout the forecast period.

Furthermore, the reduction in the cost of 48-volt electric vehicles cost and the rules and regulations of emission to achieve the targets set for 2020 are expected to boost the demand for automotive 48-volt electric vehicles throughout the forecast period. In addition, the increasing research and development activities in this field is predicted to encourage the growth of the overall market in the coming few years.

Global Automotive 48-Volt Battery Market: Companies

The global market for automotive 48-volt battery is expected to witness high competition throughout the forecast period. Several new players are anticipated to enter the market and attain a leading position across the globe. Some of the key players operating in the automotive 48-volt battery market are Schaeffler Technologies AG & Co. KG, East Penn Manufacturing Company, Valeo S.A, and Continental AG. The key strategies, financial overview, and the launch of new products have been discussed in the scope of the research report.