Automotive 48 Volt Battery System

Automotive 48 Volt Battery System Market Outlook

The global automotive 48 volt battery system market was valued at approximately USD 18 billion in 2025 and is projected to reach around USD 35 billion by 2035, growing at a CAGR of 6.9% during the forecast period. This growth can be attributed to the increasing demand for efficient energy management in vehicles, driven by the rise of electric and hybrid vehicle technology. Additionally, stringent emission regulations and the need for fuel efficiency are pushing automotive manufacturers to adopt 48-volt systems as they provide a balance between performance and sustainability. The adoption of advanced features in vehicles, such as regenerative braking systems and start-stop functionalities, further amplifies the demand for these battery systems. Moreover, the automotive industry's shift towards electrification is creating new opportunities in the 48-volt battery market, facilitating innovations in battery technologies.

Growth Factor of the Market

One of the primary growth factors for the automotive 48 volt battery system market is the escalating demand for electrification in vehicles. As automotive manufacturers respond to environmental concerns and government regulations, the shift from traditional combustion engines to hybrid and electric alternatives has become imperative. This transition is not only aimed at reducing greenhouse gas emissions but also at improving fuel efficiency, which is where the 48-volt systems play a crucial role. Moreover, advancements in battery technology are enabling manufacturers to develop more efficient and compact battery solutions, further boosting their adoption in modern vehicles. The integration of advanced vehicle systems, such as electric steering, active suspension, and enhanced infotainment systems, necessitates a stable power supply that 48-volt systems can effectively provide. Lastly, the growing awareness among consumers regarding sustainable mobility options is fostering a shift in purchasing preferences towards vehicles equipped with these advanced battery systems.

Key Highlights of the Market

• Significant growth in demand for hybrid and electric vehicles.
• Technological advancements in battery efficiency and lifespan.
• Increased adoption of start-stop and regenerative braking systems.
• Strict government regulations promoting eco-friendly technologies.
• Expansion of the aftermarket for battery systems as vehicle electrification increases.

By Product Type

Lead-Acid Batteries:

Lead-acid batteries have traditionally dominated the automotive battery market due to their low cost and robustness. In the context of 48-volt systems, these batteries are often used for conventional mild hybrid vehicles, where they provide adequate power for start-stop functionality and accessory load management. Their ability to deliver high surge currents makes them suitable for applications requiring quick bursts of energy. However, the weight and size of lead-acid batteries limit their viability in more advanced applications, prompting manufacturers to explore alternative battery technologies that offer better energy density and efficiency. Despite this, their established manufacturing processes and recycling capabilities continue to play a significant role in their ongoing relevance in 48-volt systems.

Lithium-Ion Batteries:

Lithium-ion batteries are emerging as a preferred choice for 48-volt systems due to their superior energy density, lightweight nature, and long life cycle compared to traditional lead-acid batteries. As the automotive industry increasingly shifts toward electric and hybrid vehicles, lithium-ion technology provides the necessary performance enhancements, allowing for greater efficiency in energy usage and a substantial reduction in vehicle weight. These batteries are particularly advantageous in applications requiring high discharge rates and fast charging capabilities, making them ideal for modern vehicles equipped with advanced electronics and multiple power-hungry systems. Moreover, the decreasing cost of lithium-ion technology is further incentivizing its adoption, making it a key player in the market for 48-volt battery systems.

Nickel-Cadmium Batteries:

Nickel-cadmium (NiCd) batteries, while less common than lead-acid and lithium-ion counterparts, still find niche applications within the automotive sector. They are known for their robustness and ability to perform well in extreme temperatures, making them a reliable choice for certain hybrid vehicle applications. However, issues related to memory effect and environmental concerns regarding cadmium disposal have hindered broader adoption. In the 48-volt battery system context, NiCd batteries may be utilized in specific operational scenarios requiring dependable performance without the extensive energy demands associated with newer technologies. Nevertheless, their market share is expected to decline as alternative battery technologies become more prevalent.

Nickel-Metal Hydride Batteries:

Nickel-metal hydride (NiMH) batteries have played a crucial role in the development of hybrid vehicles and remain relevant within the automotive 48-volt battery system market. These batteries offer a good balance between cost, performance, and environmental safety, making them a viable option for hybrid electric vehicles. NiMH batteries are particularly valued for their ability to provide high power density and better cycle life. As automotive manufacturers seek to extend the range and improve the performance of hybrid vehicles, NiMH batteries can be employed effectively in various applications, including regenerative braking and energy recovery systems. While lithium-ion technology is expanding rapidly, NiMH batteries continue to hold their ground, especially in regions where cost sensitivity and reliability are paramount.

Solid-State Batteries:

Solid-state batteries represent a cutting-edge technology in the automotive 48-volt battery system market, offering potential breakthroughs in safety, efficiency, and energy density. Unlike conventional batteries that utilize liquid electrolytes, solid-state batteries employ solid electrolytes, making them more stable and less prone to overheating. This technology is particularly appealing for electric and hybrid vehicles where safety and performance are critical. Advances in solid-state battery technology could lead to lighter batteries with higher energy capacity, enabling longer ranges and faster charging times for vehicles. However, the commercial viability of solid-state batteries is still being developed, and scaling production to meet automotive demands remains a challenge. As research progresses, solid-state batteries are poised to become an influential player in the 48-volt battery market.

By Application

Electric Vehicles:

Electric vehicles (EVs) are at the forefront of the automotive industry's transformation, significantly benefiting from the implementation of 48-volt battery systems. By providing an efficient power supply for various vehicle functions, these batteries enhance performance and extend the range of electric vehicles. The integration of 48-volt systems allows for the efficient management of energy, particularly in applications such as electric steering, lighting, and infotainment systems. As the EV market is projected to grow exponentially, driven by consumer demand for sustainable transportation and government incentives, the role of 48-volt battery systems in supporting EV functionality will become increasingly vital. This growth aligns with the global push towards greener technologies and reduced emissions across the automotive sector.

Hybrid Vehicles:

Hybrid vehicles are increasingly adopting 48-volt battery systems to balance performance and efficiency. These vehicles utilize both an internal combustion engine and an electric motor, and the 48-volt system enhances the electric motor's capabilities while supporting critical functions, such as start-stop technology and regenerative braking. By efficiently managing energy between the engine and electric components, 48-volt systems improve fuel economy and reduce emissions, making hybrid vehicles an attractive option for environmentally conscious consumers. As automakers seek to advance hybrid technology, the integration of 48-volt batteries will continue to evolve, allowing for greater power output and overall vehicle efficiency.

Mild Hybrid Vehicles:

Mild hybrid vehicles are designed to optimize engine performance while providing limited electric assistance, and 48-volt battery systems play a crucial role in this operation. These vehicles do not rely solely on electric power; instead, they use the battery to support functions like engine start-stop and power assist during acceleration. The 48-volt system enhances efficiency without the need for extensive electric components, making it a cost-effective solution for automakers. With increasing regulatory pressures to reduce emissions and improve fuel economy, the demand for mild hybrid vehicles with 48-volt systems is expected to rise, contributing to the overall growth of the automotive 48-volt battery system market.

Start-Stop Systems:

Start-stop systems are becoming standard features in modern vehicles to enhance fuel efficiency and reduce emissions. These systems temporarily shut off the engine when the vehicle is stationary and quickly restart it when needed, and 48-volt batteries provide the necessary power to facilitate this functionality. By utilizing 48-volt systems, manufacturers can create more responsive and efficient start-stop mechanisms, thus enhancing the driving experience while contributing to lower fuel consumption. As consumers increasingly favor vehicles with advanced efficiency technologies, the incorporation of 48-volt systems in start-stop applications will continue to gain traction within the automotive market.

Regenerative Braking Systems:

Regenerative braking systems capture and store energy that would otherwise be lost during braking, effectively increasing the efficiency of electric and hybrid vehicles. The integration of 48-volt battery systems is instrumental in enhancing the effectiveness of regenerative braking, allowing vehicles to recapture energy and use it for various functions. This leads to improved range and reduced reliance on conventional power sources. As the automotive industry focuses on sustainable technologies, the role of regenerative braking systems powered by 48-volt batteries will be pivotal in delivering the desired performance and efficiency outcomes in modern vehicles.

By Distribution Channel

OEMs:

Original Equipment Manufacturers (OEMs) are the primary channel for the distribution of automotive 48-volt battery systems, as they integrate these components into the design and production of vehicles. OEMs play a crucial role in determining the specifications and performance of battery systems, directly influencing the market dynamics. With the growing trend of electrification and hybridization in the automotive sector, OEMs are increasingly investing in proprietary 48-volt technologies to gain a competitive advantage. This trend is particularly evident as automakers look to differentiate their products in a rapidly evolving market, where efficiency and sustainability are paramount. The collaboration between battery manufacturers and OEMs is expected to intensify, driving innovation and enhancing product offerings in the 48-volt battery space.

Aftermarket:

The aftermarket segment for automotive 48-volt battery systems is gaining prominence as the market for electric and hybrid vehicles continues to expand. This segment includes replacement batteries, upgrades, and additional services provided for existing vehicles. As consumer awareness of the benefits of 48-volt systems increases, the demand for aftermarket solutions will grow, allowing vehicle owners to enhance their vehicle's performance and efficiency. Additionally, the expansion of the aftermarket creates opportunities for service providers and retailers to offer specialized expertise and products tailored to 48-volt systems. As more vehicles equipped with 48-volt technology enter the market, the aftermarket for these battery systems is expected to flourish, providing a significant revenue channel for manufacturers and service providers alike.

By Vehicle Type

Passenger Cars:

Passenger cars represent a significant segment within the automotive 48-volt battery system market. With the increasing consumer demand for fuel-efficient and environmentally friendly vehicles, manufacturers are integrating 48-volt systems to enhance features such as start-stop technology and regenerative braking. These systems provide a balance between performance and efficiency, allowing for the optimal use of energy in passenger vehicles. As automakers invest in hybrid and electric options, the incorporation of 48-volt technology will become more prevalent, driving overall market growth. Moreover, advancements in battery technology are likely to further improve the appeal of passenger cars equipped with 48-volt systems, leading to a more competitive automotive landscape.

Commercial Vehicles:

Commercial vehicles are increasingly integrating 48-volt battery systems to enhance operational efficiency and reduce emissions. With the growing emphasis on sustainability and compliance with stricter regulations, fleet operators are turning to hybrid solutions that require 48-volt technology. These systems allow for improved fuel economy, power management, and the integration of advanced features that enhance driver and passenger safety. As the commercial vehicle segment experiences a paradigm shift towards electrification, the demand for 48-volt systems will likely accelerate, providing manufacturers with lucrative opportunities to innovate and deliver enhanced solutions that meet emerging industry standards.

Electric Buses:

Electric buses are at the forefront of the transition towards public transportation electrification, and the incorporation of 48-volt battery systems is crucial for achieving optimal performance. These systems support essential functions such as acceleration and accessory power, enabling electric buses to operate efficiently in urban environments. The growing emphasis on sustainable public transport solutions is driving investments in electric buses, leading to the adoption of 48-volt technology to improve energy management and enhance overall operational efficiency. As municipalities and transit authorities prioritize cleaner transportation options, the demand for electric buses equipped with advanced 48-volt systems is expected to rise significantly, promoting growth in this segment of the market.

Electric Trucks:

Electric trucks are witnessing a surge in popularity as industries seek to reduce their carbon footprints and enhance operational efficiency. The implementation of 48-volt battery systems in electric trucks allows for improved power management, enabling better performance while supporting advanced features such as regenerative braking and efficient energy distribution. As trucking companies adopt electrification strategies to meet sustainability goals and government regulations, the demand for 48-volt systems will continue to grow. Additionally, the transition to electric trucks aligns with the global movement towards decarbonizing the transportation sector, paving the way for transformative changes and advancements in battery technology.

Electric Two-Wheelers:

Electric two-wheelers are rapidly gaining traction as an eco-friendly alternative for urban transportation, and the integration of 48-volt battery systems enhances their performance and efficiency. These systems enable electric scooters and motorcycles to achieve higher speeds and longer ranges, making them viable options for commuters. With the increasing focus on reducing traffic congestion and emissions in cities, electric two-wheelers equipped with 48-volt systems are becoming highly desirable. The growth of this segment is further supported by favorable government policies and incentives promoting electric mobility, creating a conducive environment for manufacturers to innovate and expand their offerings in the electric two-wheeler market.

By Region

The automotive 48-volt battery system market exhibits varied dynamics across different regions, with North America holding a significant share of the overall market. The increasing adoption of electric and hybrid vehicles, combined with favorable government regulations promoting fuel efficiency, drives the demand for 48-volt systems in this region. By 2035, North America is projected to reach approximately USD 12 billion in market value, reflecting a CAGR of 7.1%. Furthermore, key automotive players in the U.S. are focusing on innovative battery technologies and infrastructure, enhancing the prospects for 48-volt battery systems in the region.

Europe also represents a substantial portion of the global automotive 48-volt battery system market, with a strong emphasis on sustainability and stringent emissions regulations. The European market is projected to generate around USD 11 billion by 2035, fueled by the growing demand for hybrid and electric vehicles. The region is witnessing significant investments in battery technology and infrastructure, with several leading manufacturers implementing 48-volt systems into their vehicles to comply with regulatory standards. Additionally, Asia Pacific is emerging as a promising market, fueled by the rapid growth of the electric vehicle sector, expected to reach USD 9 billion by 2035, with a robust CAGR of 8% during the forecast period. Market dynamics in this region are influenced by increasing consumer acceptance of electric vehicles and supportive government policies aimed at boosting electric mobility.

Opportunities

One of the key opportunities for the automotive 48-volt battery system market lies in the increasing shift towards electrification in the automotive industry. As more manufacturers explore hybrid and electric vehicle options, the demand for advanced battery technologies is expected to rise. This shift presents a unique opportunity for battery manufacturers to innovate and develop high-performance 48-volt systems that can address the growing needs of the market. Furthermore, the increasing concern for environmental sustainability is driving both consumers and manufacturers to seek out solutions that provide energy efficiency without compromising on performance. Companies that can effectively align their product offerings with these evolving consumer preferences will have a significant edge in capturing market share.

Another promising opportunity lies in the development of advanced battery technologies, particularly in the realm of solid-state batteries. As the automotive industry continues to prioritize safety, efficiency, and sustainability, the introduction of solid-state batteries could revolutionize the 48-volt battery market. These batteries offer significant advantages such as higher energy density, improved safety, and longer life cycles compared to traditional batteries. By investing in research and development, manufacturers can position themselves as leaders in the emerging market for solid-state 48-volt battery systems, unlocking new revenue streams and fostering partnerships with automotive manufacturers keen on leveraging cutting-edge technologies.

Threats

The automotive 48-volt battery system market faces several threats that could hinder its growth trajectory. One of the main challenges is the rapid technological advancements in battery technologies, which can lead to obsolescence for existing products. As manufacturers invest in new battery solutions, such as solid-state batteries and advanced lithium-ion technologies, older systems risk becoming less competitive and relevant. This rapid evolution in technology necessitates constant innovation and adaptation, which can strain resources for companies that struggle to keep pace with industry developments. Additionally, competition from alternative energy sources and battery technologies could pose significant challenges for the 48-volt systems as automakers weigh the benefits and downsides of various options available in the market.

Another threat comes from the regulatory environment surrounding battery production and disposal. Rising environmental concerns regarding battery waste, particularly related to hazardous materials, may lead to stricter regulations and compliance requirements for manufacturers. Such regulations could increase production costs and complicate supply chain management, which may deter investment in the 48-volt battery market. Companies that fail to adhere to environmental standards risk facing penalties and reputational damage, further impacting their market position. Moreover, as the demand for electric vehicles surges, the competition for raw materials, such as lithium and cobalt required for battery production, intensifies, potentially leading to supply chain constraints and increased costs.

Competitor Outlook

• Johnson Controls
• LG Chem
• Panasonic Corporation
• SAFT Groupe S.A.
• Exide Technologies
• Samsung SDI
• Robert Bosch GmbH
• ABB Ltd.
• Contemporary Amperex Technology Co., Limited (CATL)
• American Battery Solutions, Inc.
• BYD Company Limited
• Hitachi Chemical Co., Ltd.
• Furukawa Battery Co., Ltd.
• VARTA AG
• A123 Systems LLC

The automotive 48-volt battery system market is characterized by a competitive landscape with a diverse array of players across the globe. Leading companies such as Johnson Controls and LG Chem are making significant advancements in battery technologies, focusing on enhancing performance, safety, and energy efficiency. These companies invest heavily in research and development to create innovative battery solutions that support the evolving demands of the automotive industry. Additionally, industry giants like Panasonic and Robert Bosch are strategically partnering with automotive manufacturers to integrate 48-volt systems into new vehicle models, thereby enhancing their market presence and driving growth.

As the demand for electrification in vehicles escalates, companies such as Contemporary Amperex Technology Co., Limited (CATL) and A123 Systems are working to position themselves as frontrunners in the development of high-performance 48-volt battery systems. With a strong focus on sustainability and reducing environmental impact, these players are developing next-generation battery technologies that could reshape the automotive landscape. Moreover, established battery manufacturers like Exide Technologies and Samsung SDI are expanding their product offerings to cater to the growing hybrid and electric vehicle markets, ensuring they remain competitive in a rapidly changing environment.

In summary, the competitive landscape of the automotive 48-volt battery system market is driven by innovation, collaboration, and a shared commitment to sustainability. Key players are leveraging their technological expertise and industry relationships to deliver high-quality battery solutions that meet the demands of modern vehicles. As the market evolves, the ongoing focus on research and development will be critical for maintaining competitiveness and addressing the challenges posed by emerging technologies and regulatory standards.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 LG Chem
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 ABB Ltd.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 VARTA AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Samsung SDI
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 A123 Systems LLC
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Johnson Controls
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 SAFT Groupe S.A.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Robert Bosch GmbH
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Exide Technologies
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 BYD Company Limited
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Panasonic Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Furukawa Battery Co., Ltd.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Hitachi Chemical Co., Ltd.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 American Battery Solutions, Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Contemporary Amperex Technology Co., Limited (CATL)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Automotive 48 Volt Battery System Market, By Application
    • 6.1.1 Electric Vehicles
    • 6.1.2 Hybrid Vehicles
    • 6.1.3 Mild Hybrid Vehicles
    • 6.1.4 Start-Stop Systems
    • 6.1.5 Regenerative Braking Systems
  • 6.2 Automotive 48 Volt Battery System Market, By Product Type
    • 6.2.1 Lead-Acid Batteries
    • 6.2.2 Lithium-Ion Batteries
    • 6.2.3 Nickel-Cadmium Batteries
    • 6.2.4 Nickel-Metal Hydride Batteries
    • 6.2.5 Solid-State Batteries
  • 6.3 Automotive 48 Volt Battery System Market, By Vehicle Type
    • 6.3.1 Passenger Cars
    • 6.3.2 Commercial Vehicles
    • 6.3.3 Electric Buses
    • 6.3.4 Electric Trucks
    • 6.3.5 Electric Two-Wheelers

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Automotive 48 Volt Battery System Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Automotive 48 Volt Battery System market is categorized based on

By Product Type

• Lead-Acid Batteries
• Lithium-Ion Batteries
• Nickel-Cadmium Batteries
• Nickel-Metal Hydride Batteries
• Solid-State Batteries

By Application

• Electric Vehicles
• Hybrid Vehicles
• Mild Hybrid Vehicles
• Start-Stop Systems
• Regenerative Braking Systems

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Electric Buses
• Electric Trucks
• Electric Two-Wheelers

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Johnson Controls
• LG Chem
• Panasonic Corporation
• SAFT Groupe S.A.
• Exide Technologies
• Samsung SDI
• Robert Bosch GmbH
• ABB Ltd.
• Contemporary Amperex Technology Co., Limited (CATL)
• American Battery Solutions, Inc.
• BYD Company Limited
• Hitachi Chemical Co., Ltd.
• Furukawa Battery Co., Ltd.
• VARTA AG
• A123 Systems LLC