Vehicle Electrification Market by Product, 48V Mild-Hybrid, Degree of Hybridization, Vehicle Type and Region - Global Forecast 2022: MarketsandMarkets
The Vehicle Electrification Market is driven by factors such as stringent emission and fuel efficiency regulations around the globe. Increasing demand for passenger cars over the globe is multiplying this electrification effect. With this growing electrification trend, the demand for vehicles with 48V architecture is se to grow in the near future. The vehicle electrification market is estimated to be USD 62.53 billion in 2017, and is projected to reach USD 92.59 billion by 2022, at a CAGR of 8.17%...
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