[PDF] Global Automotive 48V Lithium Battery Market Is Booming Worldwide To Show Significant Growth | ZF Friedrichshafen, Vicor, Valeo, Robert Bosch, Johnson Controls, Hitachi, GS Yuasa, Furukawa Electric

Overview:

An automotive 48V lithium battery is a kind of internal rechargeable battery used in many electronic products. These batteries have high voltages and high currents, and their maximum power output is lower than the maximum current they can deliver. As with other batteries of this type, lithium-ion batteries discharge and recharge when the current falls to a prescribed level, which can be as low as -12.5 volts. The size of an automotive 48V lithium battery will determine the amount of its internal space. Larger lithium-ion batteries have higher pack voltage and longer life expectancies than do smaller ones.

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The internal working of automotive 48V lithium battery is similar to that of nickel-cadmium cells, except that lithium metal is used instead of cadmium. One of the main differences between these two types of cells is that automotive 48V lithium batteries use a gel electrolyte (or liquid) to create the liquid state of the cell, whereas nickel-cadmium uses graphite. Nickel-cadmium electrodes conduct, but they cannot support the high voltage levels of automotive 48V lithium batteries. The thickness of the plates in nickel-cadmium electrodes is also thicker than that of lithium-ion electrodes, and the distance between plates is also greater.

The global automotive 48V lithium battery market focuses on six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa.

Drivers:

The increasing sales of automotive in the world are expected to fuel the growth of the global automotive 48V lithium battery market over the forecast period. For instance, according to The Economic Times, in 2018 the global car sales were around 80.6 million. Moreover, the increasing production of lithium-ion batteries along with the benefits of such types of batteries when utilized in automotive is expected to create propulsion in the market.

Restraints:

The cost of lithium batteries is expected to hinder the growth of the global automotive 48V lithium battery market.

Regional Insights:

Owing to the high sales of automotive in the region, North America is expected to hold a bigger share of the global automotive 48V lithium battery market. For instance, according to Fortunly, around 3.4 million cars were sold in 2020. Moreover, the increasing investment in making electric vehicles in the region is expected to aid the growth of the market.

The Asia Pacific is expected to witness significant growth in the global automotive 48V lithium battery market owing to the expansion of lithium battery production industries in the region.

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Competitive Section:

Key players operating in the global automotive 48V lithium battery market include ZF Friedrichshafen, Vicor, Valeo, Robert Bosch, Johnson Controls, Hitachi, GS Yuasa, Furukawa Electric, EnerSys, East Penn Manufacturing, Continental, BorgWarner, and Aptiv PLC.

In June 2021, Tesla announced it will be using a 2V Lithium-ion battery in its Model S Plaid.

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