Global Vehicle Electrification Market Analysis 2024 – Estimated Market Size And Key Drivers

According to the new market research report "Vehicle Electrification Market by Product (Start-Stop, PTC, EPS, Electric Air Conditioner, ISG, Starter Motor, Alternator, Actuator, Electric Pump-Vacuum, Oil & Water), 48V, ICE, BEV, HEV, PHEV, Vehicle Type, and Region - Global Forecast to 2025", Published by MarketsandMarkets™, Vehicle Electrification Market is projected to grow at a CAGR of 11.9% to reach USD 129.6 billion by 2025 from USD 73.7 billion.Owing to various benefits offered by electrification such as decreased vehicle weight, lower emissions, increased fuel efficiency, improved driving comfort, and safety, vehicle electrification would be a preferred option by OEMs soon.Browse in-depth TOC on "Vehicle Electrification Market"152 – Tables63 – Figures212 – PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=224946587“Passenger car is estimated to be the largest segment for the Vehicle Electrification Market”Electrification of a vehicle is considered the best way to reduce carbon emissions, increase vehicle efficiency, and reduce dependency on oil.

Vehicle electrification generates newer opportunities for consumer engagement, along with various environmental and economic benefits.

Developed infrastructure such as charging stations, a limited range of present-day BEVs, and the high cost of HEVs and PHEVs are the few reasons why 48V vehicles are preferred over hybrid vehicles in Europe.

The 48V system consists of a 48V Li-ion battery, DC/DC converter, and an integrated starter generator (ISG).

This parallel combination helps boost the efficiency of electric parts like electrical oil, coolant, and vacuum pump.

Since emission norms in Europe are very strict, 48V vehicle is expected to hold a significant market soon.Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=224946587“North America is the fastest-growing market for vehicle electrification”The North American Vehicle Electrification Market has a very positive outlook, owing to effective infrastructure and tax exemption, subsidies, and special facilities provided by governments of different countries in the region.

The Global Vehicle Electrification Market report by Reports and Data is an all-encompassing study of the global Vehicle Electrification market.

The report serves as a prototype of the highly functional Vehicle Electrification industry.

Our market researchers’ panel has performed quantitative and qualitative assessments of the global Vehicle Electrification market dynamics in a bid to forecast the global market growth over the forecast period.

They have taken into consideration several factors, such as market penetration, pricing structure, product portfolios, end-user industries, and the key market growth drivers and constraints, to endow the readers with a sound understanding of the market.

The report provides the reader with a panoramic view of the Vehicle Electrification market, supported by key statistical data and industry-verified facts.

Hence, it examines the size, share, and volume of the Vehicle Electrification industry in the historical period to forecast the same valuations for the forecast period.The Vehicle Electrification market research report is broadly bifurcated in terms of product type, application spectrum, end-user landscape, and competitive backdrop, which would help readers gain more impactful insights into the different aspects of the market.

 According to the new market research report Vehicle Electrification Market by Product (Start-Stop, PTC, EPS, Electric Air-Conditioner, ISG, Starter Motor, Alternator, Actuator, Electric Pump-Vacuum, Oil & Water), 48V Mild-Hybrid, Degree of Hybridization, and Vehicle Type - Global Forecast to 2022.

Owing to various benefits of electrification such as decreased vehicle weight, reduced emissions, increased fuel efficiency, and driving comfort, vehicle electrification is expected to become a preferred option for OEMs in the near future.Download our free PDF Brochure and gain crucial industry insights that will help your business grow:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=224946587The increasingly stringent emission control norms, growing environmental concerns, and technological advancement of electric vehicles are causing a paradigm shift in the automotive industry.

Request for free Customization:https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=224946587The Following are the Major Objectives of the Study.To analyze and forecast (2015–2022) the market size, in terms of volume (‘000 units) and value (USD million), of the vehicle electrification marketTo define, describe, and project the market by product type (start/stop system, electric power steering (EPS), electric air-conditioner compressor, electric vacuum pump, electric oil pump, and electric water pump, liquid heater PTC, integrated starter generator, starter motor and alternator, actuators)To define, describe, and project the market by degree of hybridization (internal combustion engine (ICE) and micro hybrid vehicle, hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and battery electric vehicle (BEV))To define, describe, and project the 48V Mild-hybrid market for vehicle electrification Browse and in-depth TOC vehicle electrification market108 - Tables62 - Figures          237 – Pages Electric vacuum pump is the fastest growing segment globally.

Because of these benefits OEMs are increasingly offering EPS in their vehicle.

Request for sample:https://www.marketsandmarkets.com/requestsampleNew.asp?id=224946587A key factor restraining the growth of market is the high cost of electric systems and components.

The vehicle electrification market is dominated by a few global players and comprises several regional players.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally.

Maintain a competitive edge by sizing up with available business opportunity in Global Vehicle Electrification Market various segments and emerging territory.Latest released the research study on Global Vehicle Electrification Market, offers a Electrification Market research report shows the latest market insights with upcoming trends and breakdown of the products and services.

The report provides key statistics on the market status, size, share, growth factors of the Vehicle Electrification.Vehicle Electrification Market Overview Vehicle electrification refers to a range of technologies that use electricity to propel a vehicle.

According to the International Council on Clean Transportation (ICCT), the total sum to global annual sales of electric vehicle is more than 3 million vehicles in 2020 and about 10 million by 2025.Free Sample Report + All Related Graphs & Charts @ : https://www.advancemarketanalytics.com/sample-report/12314-global-vehicle-electrification-market The study covers emerging player’s data, including: competitive situation, sales, revenue and global market share of top manufacturers are Robert Bosch GmbH (Germany),Continental AG (Germany),Delphi Automotive PLC (United Kingdom),Denso Corporation (Japan),Hitachi Electric (Japan),Johnson Electric (Hong Kong),Mitsubishi Electric (Japan),Borgwarner (United States),Magna (Canada),Aisin (Japan),ZF Friedrichshafen (Germany).

Market Drivers Decreasing Permissible Limits in Emission Regulations & Raised Fuel Economy BarsIncreasing Demand for Reliable Electric Systems in VehiclesRising Need for 48V Architecture Market Trend The Considerable Shifting of the Technologies from Hydrocarbon Energy to Electrical Energy in the Automotive Industry.New Developments for Climate-Friendly Hybrid and Electric Vehicles Restraints Higher Cost of Electric Systems Challenges Inadequate Charging Infrastructure for Electric VehiclesConsiderable Number of Failure Cases in Safe Electronic and Electrical Components The Global Vehicle Electrification Market segments and Market Data Break Down are illuminated below: by Type (Start/Stop System, Electric Power Steering (EPS), Electric Air-Conditioner Compressor, Electric Vacuum Pump, Electric Oil Pump, Electric Water Pump, Electric Mirror, Liquid Heater PTC, Integrated Starter Generator (ISG), Starter Motor & Alternator, Actuators), Application (Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)), Degree of Hybridization (Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV)) Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & AfricaCountry Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Enquire for customization in Report @: https://www.advancemarketanalytics.com/enquiry-before-buy/12314-global-vehicle-electrification-market Strategic Points Covered in Table of Content of Global Vehicle Electrification Market:Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Vehicle Electrification marketChapter 2: Exclusive Summary – the basic information of the Vehicle Electrification Market.Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Vehicle ElectrificationChapter 4: Presenting the Vehicle Electrification Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020Chapter 6: Evaluating the leading manufacturers of the Vehicle Electrification market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company ProfileChapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source Finally, Vehicle Electrification Market is a valuable source of guidance for individuals and companies in their decision framework.

Vehicle Electrification Market Overview:The investigative study performed by Reports and Data on the global Vehicle Electrification market profiles and assesses companies on both regional and global levels, industry-wide product offerings, vendors, distributors, and major geographies for the forecast period.

The automotive industry extends to the operations associated with the manufacturing of vehicles, which includes parts such as engines and bodies, excluding fuel, tires, and batteries.

The primary products in the automotive industry are passenger automobiles and light trucks, pick-up trucks, vans, and sport utility vehicles.

Commercial vehicles such as delivery trucks and large transport trucks are secondary but account for a sizable market in the overall automotive sector.Market competition by top manufacturers, with production, price, revenue and market share for each manufacturer; the top players including:Continental, Delphi, Denso, Bosch, Borgwarner, Mitsubishi, Magna, Johnson Electric, Johnson Controls, and Aisin Seiki, OthersThe global Vehicle Electrification market industry report underlines the substantial aspects and top participants controlling a majority of the global market share.

The evaluation includes a value chain analysis, pricing analysis, business strategies, costing structure, production capacity, demand and supply dynamics, and shifting consumer preferences.

Performance of the product and services across different segments and geography are thoroughly assessed during the research.

This industry study presents the global Vehicle Electrification market size, historical breakdown data (2013–2018) and forecast (2018–2025).

The Vehicle Electrification production, revenue and market share by manufacturers, key regions and type;  The consumption of Vehicle Electrification in volume terms are also provided for major countries (or regions), and for each application and product at the global level.

Market share, growth rate, and competitive factors are also evaluated for market leaders Chevrolet, Hyundai, etc.

Global Vehicle Electrification market size will reach million US$ by 2025, from million US$ in 2017, at a CAGR of during the forecast period.

In this study, 2017 has been considered as the base year and 2018–2025 as the forecast period to estimate the market size for Vehicle Electrification.Get Sample Copy of this Report@ http://www.orbisresearch.com/contacts/request-sample/2274842The following manufacturers are covered in this report:· Chevrolet· Hyundai· Ford· BMW· Honda· Tesla· Audi· Toyota· Kia· NissanVehicle Electrification Breakdown Data by Type:· Parallel Hybrid Vehicle· Fully Hybrid Vehicle· Mild Hybrid Vehicle· OthersVehicle Electrification Breakdown Data by Application:· Compact Car· SUV and Mini Van· Truck· Off-road Vehicle· Shuttle and BusThe study objectives of this report are:To analyze and research the global Vehicle Electrification status and future forecast involving, production, revenue, consumption, historical and forecast.

To present the key Vehicle Electrification manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.