Call for Price-Sensitive Hybridization to drive the Automotive 48V System Market
With hybridization on the rise, several cost-effective opportunities are being provided by manufacturers of automobiles. These opportunities are bound to take the automotive 48V system market by storm shortly, as stated by Persistence Market Research
Automotive 48V System Market Titbits
The global automotive 48V system market, by architecture, spans belt-driven, crankshaft-mounted, dual-clutch transmission-mounted, and transmission output shafts. By end-use, it’s entry-level vehicles, mid-premium level vehicles, and luxury vehicles. Persistence Market Research has etched these facts with future perspectives in its latest market study entitled “Automotive 48V System Market”.
Europe holds a sizable market share, with Germany leading from the front. The entire continent is into incorporating carbon emission curtailment endeavors. This would, in turn, enable penetration of the automotive 48V system market to cover almost 50% of the market by the year 2024. North America is going steady herein.
The Asia-Pacific is expected to grow at the fastest rate in the automotive 48V system market. This could be reasoned by prominent players making a beeline to the market. For instance – Chevrolet, in May 2020, did table its very first Orlando variant model abreast with 48V mild hybrid technology known as “Monza 48V”. Maruti Suzuki, in February 2020, unleashed the Swift Hatchbacks that come with 48V lithium-ion battery packs having an IC engine. Plus, it claims of offering 32 km/liter of fuel efficiency. Persistence Market Research has, through its line of expertise in the form of analysts and consultants, entailed these facts with insights in its latest market study entitled “Automotive 48V System Market”.
Persistence Market Research has listed the key participants in the automotive 48V system market as Continental AG, Bayerische Motoren Werke AG, Delphi Technologies, Ford Motors Company, Honda Motor Company, Hyundai Motor Company, Magma International Inc., MAHLE GmbH, Mazda Motor Corporation, Mitsubishi Motors, Schaeffler AG, BorgWarner Inc., Denso Corporation, Hella GmbH, Hitachi Automotive Systems, Ltd., Robert Bosch GmbH, and likewise. It has also mentioned the latest developments on this count. For instance – Continental AG, since the year 2018, is into a joint venture with “Sichuan Chengfi Integration Technology” for developing its business of 48V battery systems. BorgWarner Inc., on similar grounds, has come up with one of the widest 48V technology portfolios to cater to the luxury car market. This claims to facilitate savings of close to 20%. The P2 On-Axis Hybrid Module does help in achieving peak efficiency of nearly 95%. The compatibility rests with automatic as well as manual transmission architectures.
The Way Further
The global automotive 48V system market is likely to grow vivaciously in the next 10 years – Persistence Market Research
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