Automotive 48V System Market Revenue to outshine USD 11920.9 million By 2027
Posted On October 05, 2021
The Global Automotive 48V System Market revenue is anticipated to grow to around USD 11920.9 million by 2027 with a CAGR of 25% during the year 2021-2027 as per the report published by Value Market Research. The rising automobile sector around the world is a major factor influencing the automotive 48V system market. The reason for this is that the demand for commercial, passenger, and luxury automobiles is increasing. In the projected period, strict emission requirements for automobiles imposed by governments throughout the world to manage CO2 levels in the atmosphere are expected to boost automotive 48V system use. Increases in overall vehicle costs, on the other hand, may stifle the market in the long run. Thus, the global increase in the sale of battery electric vehicles may have a detrimental impact on the market. Current industry developments, such as the expanding trend of vehicle electrification and the growing demand for better safety and comfort features in vehicles, are likely to open up new lucrative market prospects for the major players.
The automobile 48V system is made up of three basic components: a Belt Alternator Starter, a DC-to-DC converter, and a higher voltage battery, as well as other components such a 48V inverter, power distribution boxes, electric motor/generator, and E-charger. A 48V system has been defined to supplement the 12/24 volt and high-voltage (> 60 volt) voltage levels. The main goal of this new voltage level is to reduce CO2 emissions through recuperation and start-stop characteristics, as well as to power electrical components that are classified as high-power loads. Furthermore, the use of 48-volt technology, which provides greater torque, allows for more dynamic handling and performance.
The elaborate study "Global Automotive 48V System Market Report By Architecture (Belt Driven, Crankshaft Mounted, Dual-Clutch Transmission Mounted, Transmission Output Shaft), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), By Component (AC/DC Inverter, 48-Volt Lithium-Ion Battery, Battery Controller, Power Distribution Box) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of architecture the market is segmented into Belt Driven, Crankshaft Mounted, Dual-Clutch Transmission Mounted, Transmission Output Shaft. By vehicle type the automotive 48v system market is categorised as Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle. By component the automotive 48v system market is categorised as AC/DC Inverter, 48-volt Lithium-Ion Battery, Battery Controller, Power Distribution Box. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Automotive 48V System Market -
- Belt Driven
- Crankshaft Mounted
- Dual-Clutch Transmission Mounted
- Transmission Output Shaft
By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- AC/DC Inverter
- 48-volt Lithium-Ion Battery
- Battery Controller
- Power Distribution Box
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
A123 Systems LLC, Continental AG, East Penn Manufacturing Company, Dephi technologies, EnerSys, Johnson Controls International Plc, Furkawa Electric Co, Ltd., GS Yuasa Corporation, Continental AG, Hitachi, Ltd, BorgWarner Inc., Valeo SA, Robert Bosch GmbH, Vicor Corporation, ZF Friedrichshafen AG, Delphi and Valeo SA.
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