The Global Vehicle Electrification Market Size is estimated to expand rapidly in coming years, at a CAGR of 9.25 % from 2018 to 2025. In 2019, the global market valuation was USD 71.55 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Vehicle electrification is the topic which covers various aspects related to electrification occurring in the vehicles. The growing demand of electrified vehicles is due to increasing demand owing to the electrical media and lower usage of petroleum to energy efficient vehicles. According to the research, North America is expected to drive the global market in forecast period.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global vehicle electrification market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global vehicle electrification market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Product Insights: on the basis of device type, global vehicle electrification market has been segmented into Start-Stop, PTC, EPS, Electric Air Conditioner, ISG, Starter Motor, Alternator, Actuator, Electric Pump-Vacuum, Oil & Water. Amongst EPS that is electrical power steering has been expected to drive the market in forecast period. The electrical that is mounted on steering gear applies torque to the steering gear and assist driver to turn the steering wheel with accuracy and the proper directional torque. Electrical power steering provides better fuel economy with high combustion rate.

By Vehicle Type Insights: On the basis of class of device, global vehicle electrification market has been segmented into 48V, ICE, BEV, HEV, PHEV. Amongst which PHEV is expected to be the largest vehicle electrification market in forecast period with highest CAGR. A plug-in hybrid electrical vehicle is a vehicle whose battery can be recharged by plugging into an external power source as well as by its on board engine and generator. These generators are renewable and have lower emission rate than combustion engine which increase efficiency of a vehicle.

Regional Analysis

The global vehicle electrification market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is expected to witness high growth in upcoming time span due to high demand in automotive sector and increasing demand for eco-friendly solutions amongst consumers. The growth PHEV manufacturers, internal combustion engine that is ICE and micro hybrid modules is expected to grow the market in upcoming time period.

Global Vehicle Electrification Market Size, Share Analysis, By Region 2017

In terms of region Asia Pacific region is expected to witness high growth in the market in forecast period. Low cost of raw material and presence of key manufacturers are key points for boosting market in Asia Pacific region. Europe is anticipated to dominate the global vehicle electrification market over the projected period majorly owing to better technological connectivity and ease of raw material and highly cost-effective business strategies. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.    

Global Vehicle Electrification Market Study Objective

To forecast the market size of global vehicle electrification market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

Market analysis and forecast of global vehicle electrification market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

To analyze and elaborate significant factors that will have major impact on the growth of global vehicle electrification market, such as drivers, restraints, challenges and opportunities.

Regional analysis of global vehicle electrification market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

To provide detailed analysis of competitive and strategic developments in the global vehicle electrification market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Mitsubishi Electric Corporation, Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Johnson Electric, Continental AG are some of the key players in the market of vehicle electrification.

Global Vehicle Electrification Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.