Automotive 48V System Market is Expected to Grow at a CAGR of 23% During Forecast 2022-2028. The 48 volt system market opens up cost-effective opportunities for hybridization by enabling a wide range of vehicle functions, from improving engine performance to increasing electrical consumer supply to power capabilities. The main purpose of this new voltage level is to reduce carbon dioxide emissions through recovery and start-stop functions and to power electrical components classified as high power loads (e.g. air conditioning compressors, electric heaters, pumps and steering drives). Moreover, the deployment of 48-volt technology, which provides additional torque, enables dynamic handling and performance.
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The Global Automotive 48V System Market is driven by increased demand for hybrid and electric vehicles and increased demand for 48 volt battery systems. However, the high cost of the vehicle system and the expected rise in sales of battery electric vehicles is expected to hamper the growth of the market. In addition, improved vehicle safety and convenience and reduced carbon dioxide emissions in line with future emissions laws are expected to provide favourable growth opportunities for players operating in the automotive 48 volt system market.
Scope of the Report
The research study analyzes the global Automotive 48V System industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Automotive 48V System Market is available at: https://www.orionmarketreports.com/automotive-48v-system-market/79499/
Market Segmentation:
By Architecture
- Belt-driven
- Crankshaft-mounted
- Dual-clutch Transmission-mounted
- Transmission Output Shaft
By End Use
- Entry-level Vehicles
- Mid-Premium Level Vehicles
- Luxury Vehicles
Mentioned below are the prime players taken into account in this research report:
- Hyundai Motor Company
- Magma International Inc.
- MAHLE GmbH
- Mazda Motor Corporation
- Mitsubishi Motors
- Schaeffler Ag
- BorgWarner Inc.
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive 48V System Market Report
- What was the Automotive 48V System Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Automotive 48V System Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Automotive 48V System Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
