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Evolving Market Trends In The Automotive 48V System Industry: Peugeot Drives Innovation In The Automotive 48V System Market With The Launch Of 48V Hybrid Powertrain
Automotive 48V System
What Is the Expected Automotive 48V System Market Size During the Forecast Period?
The Automotive 48V System Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Automotive 48V System Market Size During the Forecast Period?
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What Are the High-Growth Segments in the Automotive 48V System Market?
The automotive 48v system market covered in this report is segmented -
1) By Type: Mild-Hybrid Vehicles, Low-Power BEVs(Battery Electric Vehicles)
2) By Architecture: Belt Driven(P0),Crankshaft Mounted (P1),Dual-clutch transmission-mounted Or input shaft of transmission(P2/P3),Transmission output shaft Or rear axle (P4) Silicone
3) By Application: Entry-Level Vehicles, Mid-Premium Vehicles, Luxury Vehicles
Subsegments:
1) By Mild-Hybrid Vehicles: Gasoline Mild-Hybrid, Diesel Mild-hybrid
2) By Low-Power BEVs (Battery Electric Vehicles): Compact BEVs, Subcompact BEVs
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What Key Drivers Are Expected to Influence Future Automotive 48V System Market Growth?
The increasing popularity of electric and hybrid vehicles is predicted to drive the expansion of the automotive 48V system market. An electric vehicle, powered by an electric motor that draws electricity from a battery and can be recharged via an external power source, is the trigger for this demand. These 48V automotive systems offer improved power distribution, enhancing the efficiency of engine accessories and other electronic systems in the vehicle, making it feasible to manage EV parts without compromising any fuel-efficiency measures. For example, the International Energy Agency, an independent intergovernmental organization based in France, projected in April 2023 that over 10 million electric vehicles would be sold globally in 2022, a rise of 14% from 2022 and elevating the total count of electric vehicles on the roads to 16.5 million. Consequently, this ascending demand for electric and hybrid vehicles is fuelling the growth of the automotive 48V system market.
Which Companies Hold the Largest Share Across Different Automotive 48V System Market Segments?
Major companies operating in the automotive 48v system market include Toyota Motor Corp., Ford Motors Company, General Motors, Honda Motor Co. Ltd., Robert Bosch GmbH., Tesla, Nissan Motor Co.Ltd., Denso Corporation, LG Chem, Bayerische Motoren Werke AG, Continental AG,Magna International Inc., Mazda Motor Corp., Valeo SA, Lear Corporation, Mitsubishi Motors Corporation, Schaeffler AG,Hitachi Astemo Ltd., BorgWarner Inc., Dana Limited, Clarios, MAHLE GmbH, Delphi Technologies, Tata Motors, Eldor Corporation SpA, Aurora,A123 Systems, Trojan Battery Company, VARTA Storage GmbH, Hyundai Motor Company
What Trends Are Driving Growth in The Automotive 48V System Market?
The primary trend emerging in the automotive 48V system market revolves around product innovation. The primary players in this market are focusing on creating inventive products to fortify their market position. Take for example, Peugeot, a car brand from France that operates under Stellantis, a manufacturer of 48V systems and other car components based in the Netherlands. In February 2023, they introduced a novel 48V hybrid powertrain for their 3008 and 5008 models. The gas engine, a 136hp PureTech, teams up with a 6-speed twin-clutch electric gearbox, which includes an integrated electric motor, decreasing fuel use by 15%. The hybrid system permits the car to begin, move, and run completely on electricity at moderate velocities in congested regions.
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What Are the Emerging Geographies for The Automotive 48V System Market Growth?
Asia-Pacific was the largest region in the automotive 48V system market in 2024. The regions covered in the automotive 48v system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive 48V System Market?
2. What is the CAGR expected in the Automotive 48V System Market?
3. What Are the Key Innovations Transforming the Automotive 48V System Industry?
4. Which Region Is Leading the Automotive 48V System Market?
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