The global demand for Vehicle Electrification Market is presumed to reach the valuation of nearly USD XX BN by 2026 from USD XX BN in 2020 with a CAGR of XX% under the study period of 2019- 2026.
An integration of electric technology and mechanical components in vehicles are broad sector of automotive transformation, which results in a variety of services being controlled by electricity. The fluctuation of power output is depended on the application and requirement. The solution for minimization of carbon emissions and dependency on fossil fuel is an electrification of a vehicle. Vehicle electrification creates potential to newer opportunities for consumer engagement, various environmental and economic benefits.
Rising demand for environmental friendly automotive along populace and increased stringent government regarding fuel-efficiency inclination and carbon footprint declination are the key factors that drive the market demand. In addition to this, growing awareness towards the environment along with drastic effects that the usage of ICE automotive, which turns in propelling the market growth during the forecast period. Though, technological advancement in electric fuelling stations and battery backup of the batteries is anticipated to create potential opportunities for vehicle electrification market in the coming year. However, high costs associated with the electrification process and overall system may hamper the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each product and hybridization segment in the global market of vehicle electrification.
The entire vehicle electrification market has been sub-categorized into product and hybridization. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Start/stop System
- Electric Power Steering (EPS)
- Liquid Heater PTC
- Integrated Starter Generator (ISG)
- Starter Motor & Alternator
- Internal Combustion Engine (ICE)
- Hybrid Electric Vehicle (HEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Battery Electric Vehicle (BEV)
This section covers regional segmentation which accentuates on current and future demand for vehicle electrification market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Vehicle Electrification Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the vehicle electrification market include Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Denso Corporation, TRW Automotive Holdings Corp., Aptiv PLC, Nexteer Automotive, Borgwarner Inc., Mitsubishi Electric Corporation, and Johnson Electric Holdings Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.