48 Volt Battery System Market Report 2026

The 48 volt battery system market size has grown exponentially in recent years. It will grow from $5.51 billion in 2025 to $6.93 billion in 2026 at a compound annual growth rate (CAGR) of 25.9%. The growth in the historic period can be attributed to automotive electrification trend, demand for fuel efficiency, introduction of mild hybrid vehicles, reduction of wiring complexity, efficiency improvement needs.

The 48 volt battery system market size is expected to see exponential growth in the next few years. It will grow to $17.28 billion in 2030 at a compound annual growth rate (CAGR) of 25.6%. The growth in the forecast period can be attributed to stricter emission norms, growth of mhev platforms, demand for higher onboard power, advances in lithium-ion batteries, vehicle electrification roadmap. Major trends in the forecast period include expansion of mild hybrid architectures, rising adoption of 48v systems in vehicles, integration with advanced power electronics, demand for compact energy storage, growth of electrified auxiliaries.

The growing adoption of electric vehicles (EVs) is expected to drive the growth of the 48-volt battery system market in the coming years. An electric vehicle is powered by an electric motor that draws electricity from a battery and can be charged from an external source. A 48-volt battery system provides higher power and faster charging compared to traditional 12-volt systems, enabling quicker acceleration and longer driving ranges for EVs, which enhances energy efficiency and reduces emissions. Consequently, the increasing adoption of EVs is boosting demand for 48-volt battery systems. For example, in January 2024, according to the U.S. Department of Energy, plug-in electric vehicles accounted for 9.8% of all light-duty vehicle sales in December 2023, up from 7.8% in December 2022. Throughout 2023, plug-in vehicles consistently represented at least 8% of monthly sales, whereas in 2022 their share ranged from 5.5% to 7.8%. Therefore, the rising adoption of EVs is propelling the 48-volt battery system market.

Leading companies in the 48-volt battery system market are launching advanced solutions such as compact, fully integrated 48V flatpack modules to enhance performance, simplify vehicle integration, and support next-generation mild-hybrid architectures. Compact, fully integrated 48V flatpack modules are slim, space-efficient battery units that combine battery cells, an embedded battery management system, and power electronics (e.g., a DC/DC converter) in a single enclosure. These modules help automakers reduce system weight, simplify wiring, improve thermal efficiency, and accelerate integration for mild-hybrid and other 48V applications. For instance, in July 2025, FORVIA HELLA, a Germany-based manufacturer, launched the “48V Flatpack,” a highly integrated 48V module introduced into series production in China for mild-hybrid vehicle architectures and other 48V power applications. The 48V Flatpack consists of a compact cell array, an embedded battery management system for monitoring, cell balancing, and safety protocols, and an integrated DC/DC converter within a lightweight, thermally managed package. It delivers higher peak power for torque assist and energy recuperation, reduces system mass and wiring complexity, speeds OEM integration, and is suitable for passenger cars, commercial vehicles, and specialist off-highway equipment. Its unique features include co-packaging of power electronics with the battery cells and a design optimized for series production and cost efficiency.

In February 2025, Eberspächer Gruppe GmbH & Co. KG, a Germany-based automotive systems company, partnered with Farasis Energy Europe GmbH to jointly develop and market low-voltage batteries ranging from 12 V to 48 V for automotive applications. Through this partnership, both companies aim to combine Eberspächer’s expertise in battery-management system software and hardware with Farasis’s cell and battery-housing technology to deliver enhanced starter, backup, and mild-hybrid battery solutions. Farasis Energy Europe GmbH is a Germany-based manufacturer specializing in high-performance lithium-ion battery cells and modules for electric mobility and energy storage systems.

Major companies operating in the 48 volt battery system market report include Continental AG, Delphi Technologies, BorgWarner Inc., Robert Bosch GmbH, Valeo SA, ZF Friedrichshafen AG, Aptiv PLC, Hitachi Ltd., GS Yuasa International Ltd., A123 Systems LLC, BYD Co. Ltd., Panasonic Corporation, Toshiba Corporation, Tianjin Lishen Battery Joint Stock Co. Ltd., Contemporary Amperex Technology Co. Ltd., Samsung SDI Co. Ltd., LG Energy Solution Ltd., SK Innovation Co. Ltd., Sinopoly Battery Limited, East Penn Manufacturing Company, Enersys Inc., Furukawa Electric Co. Ltd., Vicor Corporation, Honeywell Corporation.

Asia-Pacific was the largest region in the 48 volt battery system market in 2025. The regions covered in the 48 volt battery system market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the 48 volt battery system market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The 48 volt battery system market consists of sales of industrial battery packs, battery management systems (BMS), chargers, inverters, fuses, circuits, controls, and connectors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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