Vehicle Electrification Market worth 92.59 Billion USD by 2022 (1)

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Vehicle Electrification Market worth 92.59
Billion USD by 2022
www.MarketsandMarkets.com
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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 The vehicle
electrification market is projected to grow at a
CAGR of 8.17 during the forecast period, to
reach a market size of USD 92.59 Billion by 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. PDF Brochure https//www.marketsandmark
ets.com/pdfdownload.asp?id224946587

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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. Request for Customization
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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. Request Sample _at_
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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. Additionally, the number
of vehicles on the road is increasing owing to
the improving road infrastructure, consumer
awareness regarding vehicle maintenance, and
stringent fuel economy norms. This would
influence the vehicle electrification
market. The vehicle electrification market is
dominated by a few global players and comprises
several regional players. Some of the key
suppliers operating in the market are Robert
Bosch GmbH (Germany), Continental AG (Germany),
Delphi Automotive PLC (U.K.), Denso Corporation
(Japan), and Hitachi Electric (Hong Kong). Speak
to analyst _at_ https//www.marketsandmarkets.com/spe
aktoanalyst.asp?id224946587
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Market Ecosystem The Vehicle Electrification
Market ecosystem consists of manufacturers 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.
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Browse gtgt 108 market data
tables 62 figures
237 pages and in-depth TOC on Vehicle
Electrification Market-
Global Forecast to 2025 Early buyers will
receive 10 customization on this report. This
is a Premium Report Priced at US 5650 for single
user. Corporate User US8150 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.
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