TECHGuru

  48 Volt Battery System Market - Snapshot The 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. The 48 volt battery system delivers four-times the power of a 12 volt battery. The 48 volt battery system has been widely adopted in mild hybrid vehicles and is likely to be adopted by most performance and luxury vehicles during the forecast period in order to boost the performance and efficiency of vehicles. Emission standards are becoming increasingly stringent due to challenges posed by high polluting constituents such as carbon dioxide, nitrogen oxides, carbon monoxide, and sulphur dioxide. 48-volt drive vehicle drastically reduces emissions and hence, is poised to be an alternative technology. 48 volt battery systems are cost-effective hybrid solut...