Automotive 48V System Market Estimated to Reach US$ 24.98 Billion by 2034 Globally, at a CAGR of 23.3%: Fact.MR Report [Yahoo! Finance]
BorgWarner Inc. (BWA)
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Source: Yahoo! Finance
Rockville , April 19, 2024 (GLOBE NEWSWIRE) -- With this business landscaped characterized by cost-effective hybridization opportunities enabling a wide range of vehicle functions, the global automotive 48-volt system market is expected to reach US$ 3.08 billion in 2024 and climb to a value of US$ 24.98 billion by the end of 2034. Automotive 48V systems are used extensively in electric vehicles (EVs) to supply power to a range of electrical components, such as air conditioning compressors, pumps, steering drives, lighting systems, and electrical heaters. The growing use of products to power automobile auxiliary systems, which provide them with mild hybrid functionality, is another factor propelling market growth. Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=9991 48-volt vehicular power systems have been around for a while, primarily for powering large pumps and actuators in off-road vehicles and other specialized applications. Ove
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BWA
Earnings
- 2/8/24 - Miss
BWA
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- BWA's page on the SEC website