Market Overview:
The global 48V mild hybrid system market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel-efficient vehicles and stringent emission norms across the globe. The market is segmented on the basis of type, application, and region. On the basis of type, the battery management system (BMS) segment is expected to hold a major share in terms of revenue in 2018 owing to its ability to manage and monitor battery functions such as charging, discharging, and temperature control. On the basis of application, sedans are expected to account for a major share in terms of revenue in 2018 owing to their high sales volume as compared with other vehicle segments.
Product Definition:
A 48V mild hybrid system is a type of hybrid vehicle powertrain that uses a 48-volt battery pack to provide power to an electric motor. The system can improve fuel economy and reduce emissions compared to traditional gasoline engines.
Battery Management System:
A battery management system (BMS) is an electronic device installed in a vehicle that helps to manage the various functions of a battery. A BMS consists of sensors, protection circuits, and algorithms that help to protect the life span of batteries by preventing overcharging or undercharging. It also prevents damage from occurring due to excessive discharge or charge current as well as protects against potential damage caused by overheating.
Power Distribution System:
Power Distribution System (PDS) is a device that distributes power from a main power source to various loads. In the 48V mild hybrid system, PDS plays an important role in supplying voltage to electric components used in the vehicle. It also helps in maintaining optimal efficiency of the battery by regulating its charge and discharge rates.
48V mild hybrid system uses multiple sources of energy such as gasoline engine, generator.
Application Insights:
The global 48V mild hybrid system market, by application, is segmented into Sedan, SUV and others. The Sedan segment dominated the overall market in terms of revenue in 2017. This can be attributed to the growing demand for compact cars with improved fuel economy and reduced emissions coupled with government initiatives such as Low Carbon Vehicle Program (LCVP) in various countries worldwide. LCVP aims to replace old conventional vehicles with electric or hybrid electric vehicles thus promoting automotive technological innovation and creating a sustainable future for automotive industry growth across the globe.
The SUV segment is expected to witness significant growth over the forecast period owing to increasing demand from key markets such as U.S.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, owing to increasing demand for passenger cars and light commercial vehicles. The growth can be attributed to rising disposable income of consumers and an increase in their preference for luxury vehicles. Rising adoption of electric cars by China, India, Norway, Sweden and others is also anticipated to propel the regional market over the forecast period.
The European market accounted for a significant share in 2016 owing to stringent emission norms implemented across countries such as Germany that are majorly driving force behind this industry globally. In addition, growing focus on reducing carbon footprint along with government support towards deployment of 48V mild hybrid systems will fuel regional growth over the next eight years.
North America held a substantial revenue share in 2016 due to high demand from U.S., which has been witnessing strong economic performance since 2009 recession followed by financial crisis (GDP Growth Rate: 4% pa).
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global market for fuel-efficient vehicles is expected to grow at a CAGR of more than 7% during the forecast period. This is mainly due to the increasing concerns over environmental pollution and rising fuel costs. 48V mild hybrid systems offer significant improvements in terms of fuel economy and emissions as compared to traditional gasoline or diesel engines, making them an attractive option for automotive manufacturers.
- Stringent emission regulations: Stringent emission regulations across the globe are encouraging automakers to adopt more efficient powertrain technologies such as 48V mild hybrids systems. For instance, the European Union has set stringent CO2 emissions targets which must be met by all automakers by 2021. Similarly, China has announced plans to phase out production and sale of petrol and diesel cars in order to reduce air pollution levels in major cities. This is providing a major impetus to the growth of 48V mild hybrid system market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
48V Mild Hybrid System Market Research Report
By Type
Battery Management System, Power Distribution System, Others
By Application
Sedan, SUV
By Companies
Kubota Corporation, BorgWarner, AVID Technology Limited, Continental, Valeo, ZF, Delphi, MAHLE GmbH, Bosch, Schaeffler, STMicroelectronics, Infineon Technologies AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global 48V Mild Hybrid System Market Report Segments:
The global 48V Mild Hybrid System market is segmented on the basis of:
Types
Battery Management System, Power Distribution System, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Sedan, SUV
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kubota Corporation
- BorgWarner
- AVID Technology Limited
- Continental
- Valeo
- ZF
- Delphi
- MAHLE GmbH
- Bosch
- Schaeffler
- STMicroelectronics
- Infineon Technologies AG
Highlights of The 48V Mild Hybrid System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Battery Management System
- Power Distribution System
- Others
- By Application:
- Sedan
- SUV
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 48V Mild Hybrid System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A 48V mild hybrid system is a type of electric vehicle battery pack that uses both lead acid and lithium ion cells. This type of battery pack offers the best of both worlds, with the ability to provide high power and long runtime when needed, as well as being able to handle moderate loads without needing to be recharged for a prolonged period of time.
Some of the major companies in the 48v mild hybrid system market are Kubota Corporation, BorgWarner, AVID Technology Limited, Continental, Valeo, ZF, Delphi, MAHLE GmbH, Bosch, Schaeffler, STMicroelectronics, Infineon Technologies AG.
The 48v mild hybrid system market is expected to grow at a compound annual growth rate of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 48V Mild Hybrid System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 48V Mild Hybrid System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 48V Mild Hybrid System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the 48V Mild Hybrid System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global 48V Mild Hybrid System Market Size & Forecast, 2020-2028
4.5.1 48V Mild Hybrid System Market Size and Y-o-Y Growth
4.5.2 48V Mild Hybrid System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Battery Management System
5.2.2 Power Distribution System
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Sedan
6.2.2 SUV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 48V Mild Hybrid System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 48V Mild Hybrid System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Battery Management System
9.6.2 Power Distribution System
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Sedan
9.10.2 SUV
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Battery Management System
10.6.2 Power Distribution System
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Sedan
10.10.2 SUV
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Battery Management System
11.6.2 Power Distribution System
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Sedan
11.10.2 SUV
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Battery Management System
12.6.2 Power Distribution System
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Sedan
12.10.2 SUV
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Battery Management System
13.6.2 Power Distribution System
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Sedan
13.10.2 SUV
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 48V Mild Hybrid System Market: Competitive Dashboard
14.2 Global 48V Mild Hybrid System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kubota Corporation
14.3.2 BorgWarner
14.3.3 AVID Technology Limited
14.3.4 Continental
14.3.5 Valeo
14.3.6 ZF
14.3.7 Delphi
14.3.8 MAHLE GmbH
14.3.9 Bosch
14.3.10 Schaeffler
14.3.11 STMicroelectronics
14.3.12 Infineon Technologies AG
