Automotive 48V System Market Size to Surpass US$ 22.3 Bn by 2027
The automotive 48V system market size is projected to surpass around US$ 22.3 billion by 2027 and to grow at a CAGR) 26.3% over forecast period 2020 to 2027.
December 14, 2020 18:00 ET
| Source:
Precedence Research
Precedence Research
OTTAWA, Dec. 14, 2020 (GLOBE NEWSWIRE) -- Precedence Research, Latest Research Report on “
Automotive 48V System Market (By Vehicle Class: Premium, Mid, Entry, and Luxury; By Architecture: Crankshaft Mounted, Belt Driven, Transmission Output Shaft, and Dual-Clutch Transmission-Mounted) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027”.
Automotive 48V system refers to a hybrid system in which the voltage of the entire system in the micro-hybrid vehicle does not exceed the 60-volt. The 48V system offers a base for an integrated platform for further advanced energy-saving technologies to attain energy-saving effects. The power capacity of a 48V system has increased to about 15kw compared to traditional vehicles that can provide more incorporation of emission reduction technology. In addition, with the implementation of 48V technology fuel saving capacity of a vehicle has improved by 10-15%.