The global vehicle electrification market is expected to achieve a healthy CAGR during the forecast period of 2018 to 2023; this projection has been made by Market Research Future in their newly published and highly insightful market report on the subject.
Vehicle Electrification Industry Key Players Analyzed in Report Are:
Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Denso Corporation (Japan), JTEKT Corporation (Japan) ,Nexteer Automotive (U.S.), and Mitsubishi Electric Corporation (Japan). Mando Corp. (South Korea), Borgwarner Inc. (U.S.), Delphi Automotive PLC (U.K.), Johnson Electric (Hong Kong), and Hitachi Automotive Systems, Ltd. (Japan).
Get Sample Copy Of “Vehicle Electrification Market Automotive Industry Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/sample_request/2043
Vehicle Electrification Market Highlights:
The factors that are responsible for the growth of vehicle electrification market are reduction in pollutants, the development of new intelligent transport systems, growing demand for electric vehicles, and strict government regulations coupled with emergence of eco-friendly vehicles. Pollution and traffic have resulted in the demand for mobility solution in most cities in the world. The international and national governments across the world have been developing new strategies to reduce emission and to improve urban environmental conditions. The development of new strategies for emission control will result in many manufacturers to adopt electrification in the vehicles. The development of intelligent transport system is transforming the transport system for developing new ways to reduce traffic. The future transport systems will be connected, data-driven, shared, electric, and highly automated.
The transformation of transport system will increase the demand for electrification in vehicles. The rising concern regarding environmental pollution has resulted in the the development of stringent government regulations. The federal government has enacted different policies and legislation that have promoted the U.S. electric vehicle market. New efforts have been proposed to support the development of technology through improvements in tax credits, investment in R&D, and encouraging the communities to invest in the growth of infrastructures. This will result in higher adoption in electrification in the vehicles. The emergence of eco-friendly vehicles has also played a major role in increasing the demand for electrification. In Europe, people are encouraged and have created much awareness for eco-friendly vehicles. Additionally, rising health concerns, and growing demand for electrification, have propelled the Europe market for vehicle electrification.
The global vehicle electrification market is segmented on the basis of product, voltage, sales channel, vehicle type, and region. By product, the market is segmented into the start/stop system, EPS, actuators, starter motor & alternator, electric vacuum pump, integrated starter generator, and others. By voltage, the market is segmented into 12V, 14V, 24V, and 48V. By the sales channel, the market is segmented into OEM and aftermarket. By vehicle type, the market is segmented into ICE & micro hybrid, hybrid electric vehicle (HEV), plug-in hybrid vehicle (PHEV), and battery electric vehicle (BEV). By region, the global market is segmented into North America, Europe, Asia-Pacific and the Rest of the World.
Regional Analysis:
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to account for largest market share due to increased government regulation to reduce emission. In December 2016, the Ministry of Environmental Protection (MEP), has issued the China 6 Emission Standard for gasoline and diesel vehicles. This standard will enable the manufacturers to move towards development of electric vehicles. The development of electric vehicles will result in the growth of vehicle electrification. North America is expected to be the second largest market. In North America, U.S. has dominated the vehicle electrification market.
List of Tables:
TABLE 1 GLOBAL VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY
TABLE 2 GLOBAL VEHICLE ELECTRIFICATION MARKET, BY CHANNEL TYPE
TABLE 3 GLOBAL VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPETABLE 4 GLOBAL VEHICLE ELECTRIFICATION MARKET, BY REGIONS
TABLE 5 NORTH AMERICA VEHICLE ELECTRIFICATION MARKET, BY TECHNOLOGY
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 GLOBAL VEHICLE ELECTRIFICATION MARKET: BY TECHNOLOGY (%)
FIGURE 3 GLOBAL VEHICLE ELECTRIFICATION MARKET: BY CHANNEL TYPE (%)
FIGURE 4 GLOBAL VEHICLE ELECTRIFICATION MARKET: BY END MARKET (%)
FIGURE 5 GLOBAL VEHICLE ELECTRIFICATION MARKET: BY REGION
Continued…
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