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Global Vehicle Electrification Market Report, Size, Share, Analysis 2017 and Forecast to 2023.

According to Stratistics MRC, the Global Vehicle Electrification market is expected to grow from $17.84 billion in 2016 to reach $33.54 billion by 2023 with a CAGR of 9.4%.

Gaithersburg, Maryland, United States – January 3, 2018

Rising demand for electric systems in vehicles, increasing demand for fuel efficient vehicles and increasing conventional fuels prices are some of the key factors fueling market growth. Moreover, tax exemptions and subsidies provided by governments, strict government norms on Carbon Monoxide (CO) emissions along with rising environmental awareness are supporting the growth of vehicle electrification market. However, high cost of electrification and electric systems, fail safe electronic and electrical components are some of the factors hindering the market.

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Replacing mechanical or hydraulic systems with electric systems is considered as one of the best way to reduce carbon emissions, increase vehicle efficiency and reduce dependency over oil. Vehicle electrification generates new opportunities for consumer engagement along with various environmental and economic benefits.

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Hybrid Electric Vehicle (HEV) is leading the overall Vehicle Electrification and is projected to sustain its growth over the forecast period. This is attributed to its capability in combining two different power sources such as diesel/petrol and electrical power. In addition, the demand for electric vacuum pump is growing as they are widely used in hybrid, diesel and electric vehicles. North America is the significant market for vehicle electrification due to the presence of stringent norms for emissions in countries such as U.S. and Canada. APAC is anticipated to grow at faster pace owing to its significant growth in automotive industry.

Some of the key players in global Vehicle Electrification market include Continental AG, Johnson Controls Inc, Robert Bosch GmbH, Johnson Electric, Hitachi Automotive Systems Ltd, Denso Corporation, Jtekt Corporation, Valeo SA, Delphi Automotive PLC, Magna International Inc, Mitsubishi Electric Corporation, Wabco Holdings Inc, Borgwarner Inc, ZF Friedrichshafen AG and Aisin Seiki Co. Ltd.

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Vehicle Types Covered:
• Light Commercial Vehicle
• Two – Wheeler
• Heavy Commercial Vehicle
• Passenger Car

Channel Types Covered:
• Aftermarket
• OEMs

Product Types Covered:
• Electric Air Conditioner Compressor
• Start/Stop System
• Electric Water Pump
• Integrated Starter Generator (ISG)
• Electric Power Steering (EPS)
• Actuators
• Electric Vacuum Pump
• Starter Motor & Alternator
• Liquid Heater PTC
• Electric Oil Pump
• Electric Turbocharger
• Thermoelectric Generator

Degree of Hybridizations Covered:
• Plug-In Hybrid Electric Vehicle (PHEV)
• Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
• Battery Electric Vehicle (Bev) & Fuel Cell Electric Vehicle (FCEV)
• Hybrid Electric Vehicle (HEV)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd

This content is produced independently of Reuters Editorial News. For content inquiry, please contact [email protected]

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