Market for Vehicle Electrification is to rise at healthy CAGR by 2023, according to Vehicle Electrification Market 2019 Global Size, Growth Trends, And Regional Outlook to 2023 report published by Market Research Future. Global Vehicle Electrification Market by Product (Start/Stop System, EPS, Actuators, Starter Motor & Alternator, Electric Vacuum Pump, Integrated Starter Generator, Others), Voltage, Vehicle, Sales Channel and region with Forecast To 2023.

Report helps to Learn how to grow your international Vehicle Electrification business the right way. Report provides assessing market opportunity in new markets and implementation strategies in those regions. Report provides comprehensive market data on Vehicle Electrification industry manufacturers, distributors, suppliers, consulting companies from Vehicle Electrification market and mobility industry, investors, stakeholders, and research organizations.

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Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), Denso Corporation (Japan), Nexteer Automotive (U.S.), JTEKT Corporation (Japan), Mitsubishi Electric Corporation (Japan), Mando Corp. (South Korea), Delphi Automotive PLC (U.K.), Borgwarner Inc. (U.S.), Johnson Electric (Hong Kong), and Hitachi Automotive Systems, Ltd. (Japan).

Market Highlights:

Increasing Efforts to Reduce Carbon Emissions to Expand Vehicle Electrification Market. Rising Fuel Prices to Expand Vehicle Electrification Market. Vehicle electrification refers to the use of electricity for vehicle propulsion. It is gaining popularity owing to its advantages over fuel propulsion. Market Research Future MRFR’s analysis of the global vehicle electrification market asserts that it is assessed to expand at a moderate CAGR during the evaluation period 2018 to 2023. The developments in battery technology are also projected to drive the growth of the market in the foreseeable future.

Vehicle electrification has gained popularity owing to the support it has received from the governments. Implementation of strict fuel emissions regulations has led to an increase in the sales of electric vehicles. In addition, the rising awareness about the impact of carbon emissions on the environment is also anticipated to drive the growth of the vehicle electrification market in the forthcoming years. The rising investments in curbing carbon emissions and increasing green footprint is expected to influence the sales of electric vehicles greatly. It is projected to have a positive impact on the growth of the vehicle electrification market.

The governments are influencing the trends in the automotive industry by promoting electric vehicles. Also, the public transportation infrastructure is anticipated to turn all-electric in many countries over the next couple of years. It has uncovered massive growth potential for the vehicle electrification market. The market is projected to attract investments worth millions in the upcoming years. Organizations and governments are working hand in hand to build automobile charging infrastructure. It is anticipated to augment the vehicle electrification market in the upcoming years.

Rising fuel prices is another factor that has catalyzed the shift towards electric vehicles. In addition, the developments in the technology are also projected to drive market growth in the coming years. Increasing adoption of advancing technologies such as IoT, AI in the automotive industry is further anticipated to boost growth of the vehicle electrification market. However, the high price of these cars remains impediment to market growth. Moreover, the developing nations lack proper infrastructure for the adoption of vehicle electrification. These factors might restrict the expansion of the vehicle electrification market in the years to come.

Market Segmentation:

Based on product, the vehicle electrification market has been segmented into integrated starter generator, start/stop system, EPS, starter motor & alternator, actuators, electric vacuum pump, and others. 

Based on vehicle type, the segments of the vehicle electrification market include ICE & micro-hybrid, HEV, PHEV, and BEV.

By sales channel, the vehicle electrification market has been segmented into OEM and aftermarket

Based on voltage, the vehicle electrification market has been segmented into 12V, 14V, 24V, and 48V.

Regional Analysis:

The assessment of the global vehicle electrification market based on region covers North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). These regional segments are also studied on country level basis for in-depth study. The market is presumed to be dominated by Asia Pacific over the assessment period. China is a major player in the regional market. The rising impact of air pollution and carbon emissions in the nation has prompted the growth of the vehicle electrification market in the region. Chinese government is working on the shift towards an entirely electric transportation system. This, in turn, is supposed to catapult the regional vehicle electrification market on upward trajectory. In addition, the rising demand for electric vehicles, in conjunction with rising per capita income, is expected to boost the growth curve of the market further.

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

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

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Vehicle Electrification Market, By Product

5.1 Introduction

5.2 Start/Stop System

5.2.1 Market Estimates & Forecast, 2018-2023

5.2.2 Market Estimates & Forecast By Region, 2018-2023

5.3 EPS

5.3.1 Market Estimates & Forecast, 2018-2023

5.3.2 Market Estimates & Forecast By Region, 2018-2023

5.4 Actuators

5.4.1 Market Estimates & Forecast, 2018-2023

5.4.2 Market Estimates & Forecast By Region, 2018-2023

5.5 Starter Motor & Alternator

5.5.1 Market Estimates & Forecast, 2018-2023

5.5.2 Market Estimates & Forecast By Region, 2018-2023

5.6 Electric Vacuum Pump

5.6.1 Market Estimates & Forecast, 2018-2023

5.6.2 Market Estimates & Forecast By Region, 2018-2023

5.7 Integrated Starter Generator

5.7.1 Market Estimates & Forecast, 2018-2023

5.7.2 Market Estimates & Forecast By Region, 2018-2023

5.8 Others

5.8.1 Market Estimates & Forecast, 2018-2023

5.8.2 Market Estimates & Forecast By Region, 2018-2023

6 Global Vehicle Electrification Market, By Voltage

6.1 Introduction

6.2 12V

6.2.1 Market Estimates & Forecast, 2018-2023

6.2.2 Market Estimates & Forecast By Region, 2018-2023

6.3 14V

6.3.1 Market Estimates & Forecast, 2018-2023

6.3.2 Market Estimates & Forecast By Region, 2018-2023

6.4 24V

6.4.1 Market Estimates & Forecast, 2018-2023

6.4.2 Market Estimates & Forecast By Region, 2018-2023

6.5 48V

6.5.1 Market Estimates & Forecast, 2018-2023

6.5.2 Market Estimates & Forecast By Region, 2018-2023

7 Global Vehicle Electrification Market, By Sales Channel

7.1 Introduction

7.2 OEM

7.2.1 Market Estimates & Forecast, 2018-2023

7.2.2 Market Estimates & Forecast By Region, 2018-2023

7.3 Aftermarket

7.3.1 Market Estimates & Forecast, 2018-2023

7.3.2 Market Estimates & Forecast By Region, 2018-2023

8 Global Vehicle Electrification Market, By Vehicle Type

8.1 Introduction

8.2 ICE & Micro-Hybrid

8.2.1 Market Estimates & Forecast, 2018-2023

8.2.2 Market Estimates & Forecast By Region, 2018-2023

8.3 HEV

8.3.1 Market Estimates & Forecast, 2018-2023

8.3.2 Market Estimates & Forecast By Region, 2018-2023

8.4 PHEV

8.4.1 Market Estimates & Forecast, 2018-2023

8.4.2 Market Estimates & Forecast By Region, 2018-2023

8.5 BEV

8.5.1 Market Estimates & Forecast, 2018-2023

8.5.2 Market Estimates & Forecast By Region, 2018-2023

9 Global Vehicle Electrification Market, By Region

Continued…

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