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Li-ion Batteries Driving the Global 48V Micro Hybrid Market: Technavio Report
The Global 48V Micro Hybrid Market is expected to grow at a stunning 81.45 percent CAGR from 2013-2018
The 48V micro hybrid vehicle is designed in such a way that it can capture energy from braking and is able to support higher loads such as air conditioning and active chassis technologies. The new designed 48V battery offers an effective electrical load management and reduces the losses.
“Li-ion batteries have very high energy and power densities for long useful life. They are used in a variety of applications, such as cell phones, laptops, UPS systems, medical devices, electric bikes, electric scooters, and tablets, and have completely replaced lead-acid batteries,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
· Government Policies
· Fluctuating Fuel Prices
· Stringent Emission Norms
· Low Maintenance Costs
Key Market Trends
· Increased Focus on Li-ion Batteries
· Growing Environmental Concerns
· Increase in Awareness among Consumers
Key Market Vendors
· Audi AG
· Bayerische Motoren Werke Aktiengesellschaft Group
· General Motors Company
· Toyota Motors Corporation
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global 48V Micro Hybrid Market 2014-2018 (http://www.technavio.com/
TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.
We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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