The Automotive 48V System Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive 48V System Global Market Report 2024, The automotive 48v system market size has grown exponentially in recent years. It will grow from $5.7 billion in 2023 to $7.27 billion in 2024 at a compound annual growth rate (CAGR) of 27.5%. The growth in the historic period can be attributed to fuel efficiency regulations, electrification demands, increasing power demands, conventional 12v system limitations, hybridization trends.
In accordance with The Business Research Company’s Automotive 48V System Global Market Report 2024, the automotive 48V system sector has experienced exponential growth, expanding from $5.7 billion in 2024 to an anticipated $7.27 billion, reflecting an impressive compound annual growth rate (CAGR) of 27.5%. This remarkable surge is attributed to pivotal factors such as stringent fuel efficiency regulations, surging electrification demands, increased power requirements, and the inherent limitations of conventional 12V systems, along with the prevailing trend towards hybridization.
Projections for the automotive 48V system market indicate a continuous upward trajectory, with expectations of reaching $17.8 billion by 2028, demonstrating a noteworthy CAGR of 25.1%. Anticipated growth in this period is driven by rising consumer expectations, the industry's shift towards electric and hybrid vehicles, sustained demand for enhanced fuel efficiency, increasing market pressure for superior vehicle performance, and heightened regulatory focus on noise reduction. Noteworthy trends in this forecast window encompass a proliferation across diverse vehicle segments, integration of advanced safety systems, ongoing refinement of start-stop technology, the advent of more compact components, and a surge in customization tailored for regional markets.
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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
A discernible trend within the automotive 48V system market is the prominence of product innovation. Major industry players are strategically emphasizing the development of groundbreaking products to fortify their market standing. A compelling example is Peugeot, a prominent French automobile brand under the Stellantis umbrella, a Netherlands-based manufacturer of 48V systems and automotive components. In February 2024, Peugeot launched a cutting-edge 48V hybrid powertrain for the 3008 and 5008 models. This innovative hybrid system features a 136hp PureTech petrol engine paired with a 6-speed dual-clutch electrified gearbox, equipped with an integrated electric motor. Notably, this technological marvel contributes to a remarkable 15% reduction in fuel consumption. The hybrid system further empowers the vehicle to initiate, maneuver, and operate in 100% electric mode at moderate speeds, particularly beneficial in congested urban areas. This strategic move underscores the industry's commitment to advancing sustainable and efficient automotive solutions in response to evolving market demands.
The automotive 48v system market report table of contents includes:
1. Executive Summary
2. Automotive 48V System Market Characteristics
3. Automotive 48V System Market Trends And Strategies
4. Automotive 48V System Market - Macro Economic Scenario
5. Global Automotive 48V System Market Size and Growth
......
32. Global Automotive 48V System Market Competitive Benchmarking
33. Global Automotive 48V System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive 48V System Market
35. Automotive 48V System Market Future Outlook and Potential Analysis
36. Appendix
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The global Automotive 48V System Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Automotive 48V System include 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..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Automotive 48V System Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-48v-system-market/download-sampleMarket SegmentationThe broad Automotive 48V System has been sub-grouped into the Architecture, Vehicle Type, Components and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
Automotive 48V System Market report added by Value Market Research, offering growth, trends, and forecast for each segment along with regional and country analysis.
The study has done with respect to market share, size, outlook, estimation and forecast period 2021-2027.
Further, this report also highlights the regional and country-level market analysis.The automotive 48V system market is vast, with many local and global players.
The automotive 48V system market is extensive, with many regional and international players.
The important market leaders follow numerous strategies to improve their market position, such as acquisitions, extending product portfolio, contracts, amalgamation, contracts, acquisitions, product upgrades to enlarge their market share across the globe.
For instance, in 2018, Continental AG initiated a joint venture agreement with Sichuan Chengfi Integration Technology to expand its business of 48V battery systems.
