Vehicle Electrification Market 2019 Size, Share, Key Players, Business Growth, Revenue, Statistics, Opportunity, Regional Trends, Competitive Landscape And Global Industry Forecast To 2023

Vehicle Electrification Market 2019 Size, Share, Key Players, Business Growth, Revenue, Statistics, Opportunity, Regional Trends, Competitive Landscape And Global Industry Forecast To 2023

“”Vehicle Electrification Market””
According to Vehicle Electrification Market 2019 Global Industry Analysis To 2023 research report published by Market Research Future, The Global Vehicle Electrification Market to rise at steady CAGR during 2019 to 2023. Vehicle Electrification Market is segmented by Product (Start/Stop System, EPS, Actuators, Starter Motor & Alternator, Electric Vacuum Pump, Integrated Starter Generator, Others), Voltage, Vehicle, Sales Channel, Region- Forecast till 2023.

According to Vehicle Electrification Market 2019 Global Industry Analysis To 2023 research report published by Market Research Future, The Global Vehicle Electrification Market to rise at steady CAGR during 2019 to 2023. Vehicle Electrification Market is segmented by Product (Start/Stop System, EPS, Actuators, Starter Motor & Alternator, Electric Vacuum Pump, Integrated Starter Generator, Others), Voltage, Vehicle, Sales Channel, Region- Forecast till 2023.

Vehicle Electrification Market Key Players Analyzed In Report:

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).

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Vehicle Electrification Market Synopsis:

Goals to reduce fuel consumption, vehicular emissions, and increase in energy security and diversification are supporting the major transition towards vehicle electrification. E-mobility has a strong potential to be disruptive, and Market Research Future (MRFR) has identified key megatrends that can affect the global vehicle electrification market over the forecast period of 2018-2023 in its latest comprehensive study. The study unveils some of the trending factors that are catering immensely behind the market’s growth. Also, segmental analysis and regional analysis portrays the future aspects of the market and its growth trajectory.

Energy production rate is witnessing a slowdown which is estimated to be insufficient for the multiplying needs of the ever-increasing population, despite increasing energy efficiencies in consumption. The recent enthusiasm towards vehicle electrification stems from these factors, coupled with concerns relating to the security of oil supply.

At the same time, rigorous government regulations, coupled with the emergence of eco-friendly vehicles are also to motivate the market’s growth in the coming years. The global vehicle electrification market is also banking on demand for mobility solution, which comes from pollution and traffic, especially in the developed countries, across the world. Moreover, there has been development of new strategies by the international and national governments, around the world in reduction of emission and to improve urban environmental conditions. Such initiative will thus, influence the manufacturers to adopt electrification in their vehicles.

Global Vehicle Electrification Market Segmentation:

The vehicle electrification market has been segmented based on product, vehicle type, sales channel.

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

The Integrated Starter Generator (ISG) segment is leading the market. Various advantages associated with it such as reduction of noise and vibration, along with the added advantage of automatic engine shutdown when the vehicle is idle has led to the massive popularity of ISG. Moreover, ISG is a replacement to starter, flywheel, and generator in vehicles.

By voltage, the vehicle electrification market has been segmented into 12V, 14V, 24V, and 48V. The 24V segment is expanding at a rapid pace owing to extensive use by automotive manufacturers. The 48V segment is also anticipated to witness substantial growth over the forecast period. It can provide power to various systems such as air conditioning compressors, electrical heaters, start-stop system, pumps, steering drives, and other features.

By vehicle type, the vehicle electrification market has been segmented into ICE & micro-hybrid, HEV, PHEV, and BEV. The ICE & micro-hybrid segment accounts for the largest share of the market, and its growth can be attributed to the surging production of ICE vehicles. The HEV segment is likely to be the fastest growing segment over the forecast period.

By sales channel, the vehicle electrification market has been segmented into OEM and aftermarket. The OEM segment is forecasted to lead the market in the future.

Regional Analysis of Vehicle Electrification Market:

Regionally, the market for vehicle electrification has also been studied across the regions such as North America, Asia Pacific, Europe, and Rest of the World.

Of these, the Asia Pacific region is witnessed to store most significant market share backing with increased government regulation to reduce emission. In case of point, in December 2016, the Ministry of Environmental Protection (MEP) issued the China 6 Emission Standard for gasoline and diesel vehicles which enabled the manufacturers to shift towards the development of electric vehicles that resulted in the growth of vehicle electrification.

North America is also anticipated to be the second-largest market, as the U.S. has led the vehicle electrification market to a great extent along with its manufacturing processes as well.

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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…

Related News: Vehicle Electrification Market 2019 Global Size, Growth, Share, Merger, Industry Trends Competitive Analysis, With Regional Forecast To 2023

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