Calculative Convenience Backed by Electrification to Push the Demand for Automotive 48V System All Across
Published On : Jul 19, 2021
Automotive 48V System: Electrifying the Commute
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.
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.
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
Persistence Market Research has also gone a step further with mentioning the launch of Ford Fiesta Van EcoBoost Hybrid that features 48V electrified powertrain technology that does offer customers of compact vans a responsive and fuel-efficient replacement to diesel. It has also mentioned about Continental AG launching 48V full-hybrid system delivering close to 30 kW. On the similar grounds, the other players are looking through expansion.
Overall, the global automotive 48V System market is slated to witness an invigoration between 2021 and 2031 – Persistence Market Research
Want to Know More?
Persistence Market Research, a research and consulting firm, has published a market research report on the motorcycle market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in-depth analysis of the market through different segments, namely, product, technology, and region.
For additional insights on how the motorcycle market will shape up over the next decade, write to email@example.com
About Persistence Market Research – Automotive Division
The Automotive and Transportation division of Persistence Market Research provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector.
Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behaviour.
Automotive 48v System Market
Global Market Study on Automotive 48V Systems: Rising Ownership of Luxury Vehicles to Fuel Sales
Global Market Study on Automotive 48V Systems: Rising Ownership of Luxury Vehicles to Fuel SalesRequest TOC