"Market Intelligence for High-Geared Performance"
The 48V system architecture is built on a structure incorporating a new electric motor and 48V battery alongside the combustion engine and standard 12V battery. The automotive 48V system is made up of three main components: a Belt Alternator Starter (also known as a Belt-driven Starter Generator or Motor Generator Unit, MGU), a DC-to-DC converter, and a higher voltage battery & other components, such as a 48V inverter, power distribution boxes, electric motor/generator, and E-charger. By enabling a wide range of varied vehicle tasks, from enhancing engine performance to feeding the expanding number of electrical users to powering functions, the 48V system market opens up more cost-effective hybridization prospects.
A market overview of automotive 48-volt battery systems across the globe. Automotive 48-volt battery systems aid in the reduction of emissions produced by automobiles when a normal battery is employed. These benefits the automobile while also consuming less gasoline. The market for automotive 48 volt battery systems as pollution levels rise, the government is enacting stricter emissions restrictions, which will spur large-scale market expansion. The automotive 48V battery system market is an excellent alternative to traditional batteries as they are comparatively more efficient and less expensive in the long run. Compared to traditional batteries, the higher cost-effectiveness of the 48-volt battery system is a primary driver that will propel market expansion throughout the forecast period. Automotive 48-volt battery systems are superior to traditional batteries as they take less time to charge and last longer than other batteries. Various Government Initiatives and joint ventures are driving factors for this segment.
Despite the COVID-19 pandemic's crippling effect on the global economy, the automotive industry is expected to weather the storm, clearing the door for a slew of new prospects in the years ahead. Shortfalls are limited as firms safeguard their supply networks to avert a possible crunch during the second wave.
The market for automotive 48V systems is growing at a rapid pace. Since the outbreak of the pandemic, electrification programs in China and Europe have increased the demand for mild-hybrid automobiles. As 48V systems are more efficient and have lower operating costs, there is a rise in demand in the automotive market. Furthermore, rising demand for electric vehicles is projected to keep the automotive 48V system market afloat throughout the pandemic.
Such high investment quantities are favorable for the automotive 48V system market's growth. Various product introductions in keeping the market afloat during the pandemic.
The report covers the following key insights:
By Architecture Type | By Vehicle Type | By Vehicle Class | By Geography |
|
|
|
|
By vehicle class, the market is segregated into mid-premium level, and luxury level. OEMs are implementing more electronic systems, lightweight designs, and electrification of powertrains in their vehicle models. As people's disposable earnings rise, their spending on luxury cars increases.
Consumer desire for enhanced safety and comfort features, such as heated seats, power steering, and advanced driver-aid systems, has prompted the adoption of electronic devices, which will significantly strain the vehicle's battery system. Furthermore, car safety features, such as rearview cameras, adaptive speed control, blind-spot monitoring, road-condition sensors, and motion detectors for automated emergency braking, are becoming more widespread in luxury segment automobiles.
The 48V system market is segmented into North America, Europe, Asia Pacific & Rest of the World. Regarding global automotive 48V system market share, Asia Pacific is expected to be the most lucrative growth hotspot in the coming years. Out of all countries, China offers the most potential for growth, which is projected to accelerate shortly. The local market penetration by major car manufacturing conglomerates is largely responsible for the growth. India offers a similar opportunity thanks to growing living standards and increased discretionary income.
Key players include Bosch (Germany), Continental AG (Germany), Valeo (France), Delphi Technologies (U.K.), BorgWarner (USA), Nexteer Automotive (USA), Hitachi Automotive Systems (Japan), DENSO Corporation (Japan), Schaeffler AG (Germany), and ZF Friedrichshafen AG (Germany).
US +1 833 909 2966 ( Toll Free )