Vehicle Electrification Market Highlights:
The key players in Vehicle Electrification market 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) are among others.
Get Free Sample Report At: https://www.marketresearchfuture.com/sample_request/2043
Vehicle Electrification Market Drivers and Restraints:
Vehicle electrification has gained monumental traction in the recent years due to the high demand for appropriate, and cost-efficient fossil fuel alternatives. The global vehicle electrification market is expected to achieve a healthy CAGR during the forecast period of 2019 to 2023.
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.
Governments and environmental bodies are highly supportive of R&D activities towards effective vehicle electrification; these investments are expected to lead the market to opportunities in the foreseeable future. Moreover, these policies of support have greatly assisted the growth of the market and proposed benefits in the form of taxed credits in certain developed economies is expected to encourage future growth of the global vehicle electrification market.
Vehicle Electrification Market Segments Analysis:
The vehicle electrification market is segmented based on product, vehicle type, sales channel.
On the basis of product, the market is segment into start/stop system, EPS, actuators, starter motor & alternator, electric vacuum pump, integrated starter generator, and others. The Integrated Starter Generator (ISG) is expected to account for the largest market during the forecast period due to the ability to shut down the engine automatically when the vehicle is idle or stuck in traffic. ISG reduces the vibration and noise, improving the comfort for users. ISG replaces the conventional starter, generator and flywheel of the engine to provide improved efficiency. It switches off the combustion engine automatically when at traffic and restarts it in less than one hundred milliseconds. This will lead to increased adoption of electrification in the vehicles.
On the basis of voltage, the market is segmented into 12V, 14V, 24V, and 48V. 24V is expected to dominate the market during the forecast period due to increasing use by the automakers. 48V is expected to expand in future because it can power higher number of electric vehicles. 48V can be used in start-stop system, air conditioning compressors, electrical heaters, pumps, steering drives and other features.
On the basis of vehicle type, the market is segmented into ICE & micro-hybrid, HEV, PHEV, and BEV. ICE & micro-hybrid vehicles is expected to account for the largest market during the forecast period due to increase in the production of ICE vehicles. HEVs are expected to grow at the fastest rate because of the ability to switch between two different powers, such as internal combustion engine to electric motor. This ability will increase the demand for electrification in the vehicles.
On the basis of sales channel, the market is segmented into OEM and aftermarket. OEM is expected to dominate the market in future.
Vehicle Electrification Market Regional Analysis:
The Asia-Pacific leads the market with the largest share due to the increased involvement of the governments in this region targeting the reduction of emissions. Pollution is a large problem in these regions due to the sheer size of the populations in rapidly emerging economies such as India, China, Japan, and others.
The serious pollution in China has led to dense grey smog-filled skies which have been proven to be responsible for one in five debts in the most heavily polluted cities of the country. This, in turn, has led the Chinese government to issue stringent regulations regarding vehicle emissions. For instance, in 2016, the Chinese Ministry of Environmental Protection (MEP) issues the China 6 Emission Standard for gasoline and diesel vehicles. China, India and other emerging economies in the region are also some of the largest manufacturers of automotive vehicles due to the rapid industrialization ongoing in the region in an effort to leverage the reduced operational costs available. The development of electric vehicles once widely adopted is expected to move increased scale of manufacture to the Asia-Pacific in the future.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
LIST OF TABLES:
Table 1 Global Vehicle Electrification Market: By Region, 2018-2023
Table 2 North America Vehicle Electrification Market: By Country, 2018-2023
Table 3 Europe Vehicle Electrification Market: By Country, 2018-2023
Table 4 Asia Pacific Vehicle Electrification Market: By Country, 2018-2023
Table 5 RoW Vehicle Electrification Market: By Country, 2018-2023
Table 6 Global Vehicle Electrification Market, By Product, By Regions, 2018-2023
Table 7 North America Vehicle Electrification Market, By Product, By Country, 2018-2023
Table 8 Europe Vehicle Electrification Market, By Product, By Country, 2018-2023
LIST OF FIGURES:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Vehicle Electrification Market SHARE, By Product, 2016 (%)
FIGURE 9 Global Vehicle Electrification Market, By Product, 2015-2023 (USD MILLION)
FIGURE 10 Global Vehicle Electrification Market SHARE, By Voltage, 2016 (%)
Browse Full Information On Report At: https://www.marketresearchfuture.com/reports/vehicle-electrification-market-2043
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar