Global Vehicle Electrification Market, by product (electric power steering, electric air conditioner and others), By Application (residential, non-residential, industrial and others) – Forecast 2016-2022.
Lower maintenance cost and increased vehicle efficiency are increasing the demand for electrical vehicle. Recent trends shows that Vehicle electrification generates new opportunities for consumer engagement along with various environmental and economic benefits such as reduce fuel dependency and highly energy efficient vehicles. Growing demand for fuel efficient vehicles, along with growth in sales of electric vehicle are expected to fuel the growth of vehicle electrification market. Moreover, Factors such as advance battery system, high investment in electrically propelled vehicle are some of the factors moving them towards adoption of Electrified vehicle. Additionally, Government also offers different subsidies and also encourages to produce energy efficient cars. Whereas fluctuating prices, time consuming factors such as charging time and infrastructural support hampering the growth of the market.
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Vehicle electrification market is highest growing market in North America. The sales of electric vehicles in U.S. is increasing due to factors such as stringent emission norms and subsidiaries offered by government for electric vehicles. Additionally advanced battery manufacturing industry and lithium-ion battery cells expected to be core technology for electric cars. The Asia-Pacific vehicle electrification market is expected to growth in countries such as India and China, The growing demand for electric vehicles, the growing demand for fuel efficient vehicles and the increasing number of vehicle manufacturing facilities and low cost of production in these countries shows significant growth.
The major player operating in the market of Global Vehicle Electrification are- Robert Bosch GmbH., Continental AG ,ZF Friedrichshafen AG, Denso Corporation, JTEKT Corporation ,Nexteer Automotive, TRW Automotive Holding s Corp, and Mitsubishi Electric Corporation .
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- EXECUTIVE SUMMARY
- RESEARCH METHODOLOGY
- MARKET DYNAMICS
- GLOBAL MARKET SEGMENTATION
- REGIONAL MARKET ANALYSIS
- COMPETITIVE ANALYSIS
- LIST OF TABLES
- LIST OF FIGURES
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Vehicle Electrification Market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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