Global Automotive 48V Systems market anticipated to spur due to the growing demand for their low cost and as a cost-effective solution for automotive OEMs. The global automotive 48V system market estimated to grow with a CAGR of over 45.38% over the forecast period, 2020-2027. It is primarily attributed to stringent emission regulations to reduce fuel consumption and the surge in the use of hybrid technology in vehicles. Additionally, the increase in the use of a 48V system to run internal combustion engines more efficiently by driving auxiliary functions such as power steering racks, brake vacuum pumps, and water pumps with electric motors will impact the growth of automotive 48V systems industry in the future time. The implementation of 48V can result in 25% fuel saving based on the implementation driving cycle, easy integration, and help OEMs reach their CO2 target with low investment. These factors are driving the global automotive 48V system in the upcoming periods.
The 48V system can provide the basis for an integrated platform for more advanced energy-saving technologies to achieve energy-saving effects. The 48V carrying power is increased to about 15kw, which can provide more integration of emission reduction technology. Furthermore, the strict fuel consumption regulations have forced auto manufacturers to adopt more energy-saving technologies, and light-hybrid technology is booming the growth of the global automotive 48V system market size. 48V system can carry light mixing technology with more obvious energy-saving effects and can support more electronic devices and systems. Enterprises can obtain better returns through the 48V system upgrade. Also, the shifting of automotive OEMs and parts suppliers towards energy-saving and emission-reduction technologies through hybridization of vehicles and pure electrification are stimulating the growth of the automotive 48V system industry in the analysis periods. The main factors driving the growth of automotive 48V systems in developed nations like the USA and Europe market are the increasing number of charging infrastructure, government tax incentives for car manufacturers, suppliers, and car users.
Application Overview in the Global Automotive 48V Systems Market
Based on the application, the global automotive 48V system market classified into Mild Hybrid Vehicles, Low-Powdered Battery Electric Vehicle, and Others. The Mild Hybrid Vehicles will be the fastest-growing segment in the forecast period. It is attributable to the rise in sales of hybrid electric passenger cars along with government supportive financial plans on the purchase of EV cars.
Distribution channel, Overview in the Global Automotive 48V Systems market
Based on the distribution channel, the global automotive 48V system market bifurcated into OEM and Aftermarket. The OEM held for the highest revenue in 2019 due to the growing adoption of the 48V system by many OEM in electric vehicles for its cost-effectiveness and energy-saving coupled the rise in demand for electric vehicles in developing and developed countries.
Regional Overview in the Global Automotive 48V Systems Market
By geography, the global automotive 48V systems market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia-pacific accounted for maximum revenue share in 2019, owing to the presence of keys players in these regions, and sales of Automotive 48V Systems have doubled in China and Japan. Additionally, the growing demand for 48V system electric cars, government initiatives, and high disposable income will impact the Asia-Pacific automotive 48V systems in the next few years.
Global Automotive 48V Systems Market: Competitive Landscape
Companies such as BorgWarner Inc., Continental AG, Delphi Technologies Plc, Hella GmbH & Co. KGaA, Hitachi Ltd., Magna International Inc., Mitsubishi Electric Corp., Robert Bosch GmbH, Schaeffler AG, and Valeo SA are the key players in the global automotive 48V system market.
1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
3. Executive Summary
4. Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2019
4.7. Porter’s Five forces analysis
4.8. New Investment Analysis
4.9. PESTEL Analysis
5. Global Automotive 48V System Market Overview
5.1. Market Size & Forecast, 2016-2027
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.1.2. Consumption
5.1.2.1. By Volume (Million Units)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Application
5.2.1.1. Mild Hybrid Vehicles
5.2.1.2. Low-Powdered Battery Electric Vehicle
5.2.1.3. Others
5.2.2. By Distribution Channel
5.2.2.1. OEM
5.2.2.2. Aftermarket
5.2.3. By Region
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. South America
5.2.3.5. Middle East & Africa
6. North America Automotive 48V System Market Overview
6.1. North America Automotive 48V System Market Size & Forecast, 2016-2027
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.1.2. Consumption
6.1.2.1. By Volume (Thousands Unit)
6.2. North America Automotive 48V System Market Share & Forecast, 2016-2027
6.2.1. By Application
6.2.1.1. Mild Hybrid Vehicles
6.2.1.2. Low-Powdered Battery Electric Vehicle
6.2.1.3. Others
6.2.2. By Distribution Channel
6.2.2.1. OEM
6.2.2.2. Aftermarket
6.2.3. By Country
6.2.3.1. US
6.2.3.2. Canada
6.2.3.3. Mexico
6.2.4. Price-Point Analysis
6.2.5. Manufacturer & Distributor List (Top 5)
6.2.6. Company Market Share (Top 3-5)
6.2.7. Economic Impact Study on North America Automotive 48V System Market
7. Europe Automotive 48V System Market Overview
7.1. Europe Automotive 48V System Market Size & Forecast, 2016-2027
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.1.2. Consumption
7.1.2.1. By Volume (Thousands Unit)
7.2. Europe Automotive 48V System Market Share & Forecast, 2016-2027
7.2.1. By Application
7.2.1.1. Mild Hybrid Vehicles
7.2.1.2. Low-Powdered Battery Electric Vehicle
7.2.1.3. Others
7.2.2. By Distribution Channel
7.2.2.1. OEM
7.2.2.2. Aftermarket
7.2.3. By Country
7.2.3.1. Germany
7.2.3.2. UK
7.2.3.3. France
7.2.3.4. Italy
7.2.3.5. Rest of Europe
7.2.4. Price-Point Analysis
7.2.5. Manufacturer & Distributor List (Top 5)
7.2.6. Company Market Share (Top 3-5)
7.2.7. Economic Impact Study on Europe Automotive 48V System Market
8. Asia Pacific Automotive 48V System Market Overview
8.1. Asia Pacific Automotive 48V System Market Size & Forecast, 2016-2027
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.1.2. Consumption
8.1.2.1. By Volume (Thousands Unit)
8.2. Asia Pacific Automotive 48V System Market Share & Forecast, 2016-2027
8.2.1. By Application
8.2.1.1. Mild Hybrid Vehicles
8.2.1.2. Low-Powdered Battery Electric Vehicle
8.2.1.3. Others
8.2.2. By Distribution Channel
8.2.2.1. OEM
8.2.2.2. Aftermarket
8.2.3. By Country
8.2.3.1. China
8.2.3.2. India
8.2.3.3. Japan
8.2.3.4. Australia
8.2.3.5. Rest of Asia Pacific
8.2.4. Price-Point Analysis
8.2.5. Manufacturer & Distributor List (Top 5)
8.2.6. Company Market Share (Top 3-5)
8.2.7. Economic Impact Study on Asia Pacific Automotive 48V System Market
9. South America Automotive 48V System Market Overview
9.1. South America Automotive 48V System Market Size & Forecast, 2016-2027
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.1.2. Consumption
9.1.2.1. By Volume (Thousands Unit)
9.2. South America Automotive 48V System Market Share & Forecast, 2016-2027
9.2.1. By Application
9.2.1.1. Mild Hybrid Vehicles
9.2.1.2. Low-Powdered Battery Electric Vehicle
9.2.1.3. Others
9.2.2. By Distribution Channel
9.2.2.1. OEM
9.2.2.2. Aftermarket
9.2.3. By Country
9.2.3.1. Brazil
9.2.3.2. Argentina
9.2.3.3. Rest of South America
9.2.4. Price-Point Analysis
9.2.5. Manufacturer & Distributor List (Top 5)
9.2.6. Company Market Share (Top 3-5)
9.2.7. Economic Impact Study on South America Automotive 48V System Market
10. Middle East & Africa Automotive 48V System Market Overview
10.1. Middle East & Africa Automotive 48V System Market Size & Forecast, 2016-2027
10.1.1. Demand
10.1.1.1. By Value (USD Million)
10.1.2. Consumption
10.1.2.1. By Volume (Thousands Unit)
10.2. Middle East & Africa Automotive 48V System Market Share & Forecast, 2016-2027
10.2.1. By Application
10.2.1.1. Mild Hybrid Vehicles
10.2.1.2. Low-Powdered Battery Electric Vehicle
10.2.1.3. Others
10.2.2. By Distribution Channel
10.2.2.1. OEM
10.2.2.2. Aftermarket
10.2.3. By Country
10.2.3.1. Saudi Arabia
10.2.3.2. UAE
10.2.3.3. South Africa
10.2.3.4. Rest of Middle East & Africa
10.2.4. Price-Point Analysis
10.2.5. Manufacturer & Distributor List (Top 5)
10.2.6. Company Market Share (Top 3-5)
10.2.7. Economic Impact Study on Middle East & Africa Automotive 48V System Market
11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. BorgWarner Inc.
11.7.2. Continental AG
11.7.3. Delphi Technologies Plc
11.7.4. Hella GmbH & Co. KGaA
11.7.5. Hitachi Ltd.
11.7.6. Magna International Inc.
11.7.7. Mitsubishi Electric Corp.
11.7.8. Robert Bosch GmbH
11.7.9. Schaeffler AG
11.7.10. Valeo SA
11.7.11. Other Prominent Players