Technavio Announces the Publication of its Research Report Global Automotive 48V System Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive 48V system market: Bosch, Continental, Delphi Automotive, and Valeo.
Other Prominent Vendors in the market are: AVL, Hitachi Automotive Systems, and Schaeffler.
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Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is advanced topologies to achieve future emission targets. The current architecture of the 48V system is an engine-mounted topology, where the 48V electric drive system is integrated into the engine and cannot be separated. However, the friction between engine and system reduce the engine performance and thereby achieving fuel emission reduction less than 15%. However, the companies are developing advanced topologies to be launched in the market later by 2020 and beyond which can improve the fuel efficiency to achieve the emission targets of up to 2025.
According to the report, one of the major drivers for this market is regulations on carbon emissions and attainment of targets by 2020. The development and adoption of green vehicles are major solutions to reduce GHG levels in the atmosphere to an acceptable level. These vehicles run on alternative sources of energy such as electricity, hybrid energy, and other power sources like solar power, wind energy, and biofuels.
Further, the report states that one of the major factors hindering the growth of this market is ambiguity in existing market. The global automotive 48V system market is new and will be established in production globally by the end of 2017. Currently, only low-power BEVs are available in the market. The 48V mild-hybrid system is still in the research and development phase. OEMs are still uncertain about the acceptance and reach of these systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Automotive 48V System
A 48V system incorporates a 48V battery pack with a motor-generator that is integrated to a turbocharger. This combination provides extra torque during heavy acceleration and helps in engine downsizing. In addition, it recharges the battery through regenerative breaking. This system can give a fuel efficiency of 11%-12%.
Technavios analysts forecast the global automotive 48V system market to grow at a CAGR of 88.82% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive 48V system market for 2017-2021. To calculate the market size, the report considers a bottom-up approach, which accounts for total units of top 48V vehicle models by automotive original equipment manufacturers (OEMs).
The market is divided into the following segments based on geography:
Technavio’s report, Global Automotive 48V System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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