Stringent Emission Norms & Fuel Economy Standards to Drive the Vehicle Electrification Market in the Next Five Years

1
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
www.MarketsandMarkets.com
2
Electric vacuum pump is estimated to be the
fastest growing segment in vehicle
electrification market Electric vacuum pump is
projected to dominate the vehicle electrification
market, in terms of value, by 2022. The electric
vacuum pump is frequently used in electric,
hybrid, and diesel vehicles. Asia-Oceania and
North America are estimated to be the leading
regions for the adoption of 48V mild-hybrid
system, and hence, these regions are leading the
global electric vacuum pump market. Additionally,
based on a European Commission publication, CO2
emissions will be limited to 95 g/km as an
average value throughout the vehicle fleet by
2020. This would further lead to the adoption of
electric systems in vehicles. Countries such as
India and China, who are the leaders in global
vehicle production, also have plans to upgrade
their regulations equivalent to Euro 6 by 2020.
This would drive the demand for electric vacuum
pump in these markets as the technology has
benefits over mechanical vacuum pump. PDF
Brochure https//www.marketsandmarkets.com/pdfd
ownload.asp?id224946587

3
The market for ICE and micro-hybrid vehicles is
estimated to witness the largest share in the
vehicle electrification market According to
MarketsandMarkets analysis, ICE and micro-hybrid
vehicles are estimated to have the largest share
of the vehicle electrification market in 2017.
The limited availability of infrastructure such
as charging stations for battery electric
vehicles and high cost of hybrid electric
vehicles and plug-in hybrid electric vehicles
have increased the preference for ICE and
micro-hybrid vehicles over hybrid vehicles. This
trend is expected to continue for the next five
years. With advancements in technology,
Asia-Oceania and North America are estimated to
lead the market for ICE and micro-hybrid vehicle
segments. In addition, with increased competition
between OEMs and wide choice of passenger and
commercial vehicles, the demand for ICE vehicles
is estimated to grow, especially in emerging
countries such as China and India. Request for
Customization https//www.marketsandmarkets.com/
requestCustomization.asp?id224946587
4
Electric vacuum pump, an alternative to its
mechanical counterpart, is identified as the
fastest growing segment in the vehicle
electrification market. The growth of this
segment would be strengthened with the adoption
of 48V architecture. Electric power steering
(EPS) is estimated to have the largest market
size in the vehicle electrification market. EPS
reduces fuel consumption as compared to hydraulic
power steering and improves the manoeuvrability
of the vehicle. Plug-in hybrid electric vehicle
is estimated to be the fastest growing segment in
the vehicle electrification market, by degree of
hybridization.  Automakers are seeing plug-in
hybrids as the gateway to fully electric
vehicles. Government tax incentives and state
rebates have boosted the proliferation of plug-in
hybrid vehicles. ICE and micro-hybrid vehicles
have the largest market size as they have the
highest production and sales among all the
vehicles types. Request Sample _at_
https//www.marketsandmarkets.com/requestsample.as
p?id224946587
5
Asia-Oceania region is estimated to be the
leading market for vehicle electrification Asia-O
ceania is estimated to dominate the vehicle
electrification market, as the region represents
countries such as China, Japan, South Korea, and
India with the worlds highest vehicle
production. According to the Organisation
Internationale des Constructeurs d Automobiles
(OICA) publication, these countries together
contributed 53 to the global vehicle production
in 2016. Additionally, owing to the easy
availability of economic labor, government
support for FDI, and lenient regulations (as
compared with Western countries), the
Asia-Oceania market has created promising
opportunities for automobile manufacturersand
component suppliers. Also, countries like China
and India have plans to upgrade their emission
regulations by 2020. For instance, India is
planning to skip BS V regulations by leapfrogging
to BS VI. This is a positive development for the
vehicle electrification market. Speak to
analyst _at_ https//www.marketsandmarkets.com/speakt
oanalyst.asp?id224946587
6
Market Ecosystem The vehicle electrification
market consists of vehicle electrification
technology suppliers such as Robert Bosch GmbH
(Germany), Continental AG (Germany), Denso
Corporation (Japan), Delphi Automotive PLC
(U.K.), and Johnson Electric (Hong Kong). The
vehicle electrification components are supplied
to major OEMs in the automotive industry such as
Volkswagen (Germany), Toyota Motor Corporation
(Japan), Honda Motor Co. Ltd (Japan), and
others. Buy Now https//www.marketsandmarke
ts.com/Purchase/purchase_report1.asp?id224946587

7
Browse gtgt 114 market data
tables 67 figures
249 pages and in-depth TOC  "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 Early buyers will
receive 10 customization on this
report. This study answers several questions
for the stakeholders, primarily which market
segments to focus on in the next two to five
years to prioritize efforts and investments.
8
ContactMr. Shelly SinghMarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 sales_at_marketsandmarke
ts.com