Press release
Automotive 48V System Market to Grow at a High CAGR through 2031
Automotive 48V System Market
This report provides in depth study of "Automotive 48V System Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Automotive 48V System Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Fleet electrification is on the anvil. The 1st wave in the form of 48V technology says it all. The two basic advantages of automotive 48V system are enhanced acceleration and reduced emissions. Also, new-fangled battery systems do make way for additional power for running upgraded safety systems and infotainment in the vehicles. At present, majority of cars operate with conventional 12V electrical system. This system is turning out to be inadequate for the modern-day vehicles. As of now, companies like Mercedes-Benz, Fiat Chrysler Automobiles (FCA), and Volkswagen are designing automotives using 48V systems. Persistence Market Research has floored every detail in its report mentioned above.
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How is the Automotive 48V System Market distributed?
The global automotive 48V system market, by architecture, spans crankshaft-mounted, belt-driven, dual-clutch transmission-mounted, and transmission output shaft. End-use-wise, it's luxury vehicles, mid-premium level vehicles, and entry-level vehicles. Out of these, luxury vehicles are dominating the market.
This could be exemplified from the fact that Mercedes Benz, in the year 2019, did sell more than 2 Mn passenger cars. China was the major contributor to this figure. The second in line was Maybach S-Class limousine series. Also, 2.17 Mn vehicles were sold by BMW in the same year.
Also, BorgWarner, Inc., tabled a wide 48V technology portfolio pertaining to luxury cars. It has been reported that 48V system does result in fuel savings close to 20%. Also, the advanced version - P2 On-Axis Hybrid Module is helping in achieving peak efficiency of 95% with its compatibility with automatic and manual transmission architecture. Persistence Market Research has listed out these dispersions through its report entitled "Automotive 48V System Market".
What about Region-wise Analysis?
The Asia-Pacific holds more than 30% of the market share due to the countries like India and China driving the demand for 48V systems. North America and Europe are already going steady in this regard. LATAM and MEA are expected to pick up pace going forward. Persistence Market Research has taken utmost care in etching these intricacies and insights related to the same.
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In Sync with the Competition
The key players in the automotive 48V System market, as profiled by Persistence Market Research, include the following:
Continental AG
Delphi Technologies
Ford Motors Company
Bayerische Motoren Werke AG
Honda Motor Company
Hyundai Motor Company
Magma International Inc.
MAHLE GmbH
Mazda Motor Corporation
Mitsubishi Motors
Schaeffler AG
BorgWarner Inc.
Denso Corporation
Hella GmbH & Co. (Hella)
Hitachi Automotive Systems, Ltd.
Robert Bosch GmbH
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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