Vehicle Electrification Market by Product Type& Region - Trends & Forecast to 2019| MarketsandMarkets

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MarketsandMarkets Presents
Vehicle Electrification Market projected Grow at
a CAGR of 13.0 and Reach 30.74 billion by
2019
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The report Vehicle Electrification Market by
Product Type (Start-Stop, Liquid Heater PTC, EPS,
Electric Air-conditioner, Compressor, Electric
Pump-Vacuum, Oil Water), Degree of
Hybridization (ICE, Micro-Hybrid, HEV, PHEV, BEV)
Region - Trends Forecast to 2019, defines
and segments the automotive coolant and lubricant
markets with analysis and forecast of the global
volume and value. Browse 84 market data
tables 75 figures 157 pages and in-depth TOC on
Vehicle Electrification Market. You can speak
to our analyst_at_ http//www.marketsandmarkets.com/s
peaktoanalyst.asp?id224946587
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Source MarketsandMarkets Analysis
Vehicle Electrification Market Size, by Region,
2014 ( Thousand)
P - Projected Source MarketsandMarkets Analysis
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Global vehicle electrification market is
estimated to be valued at 16.69 billion in 2014
and is projected to reach 30.74 billion growing
at a healthy CAGR of 13.0. The growth in this
market is primarily propelled by increasing
prices of conventional fuels, sales growth of
electric vehicles (EVs), stringent emission norms
and greater demand for engine downsizing and
better fuel economy.  In addition, tax exemption
and subsidy provided by government of various
countries will also create better opportunities
for the vehicle electrification market. The
global vehicle electrification market is
dominated by few major players with many other
small/medium players. Few of the key players are
Robert Bosch GmbH. (Germany), Continental AG
(Germany), ZF Friedrichshafen AG (Germany), Denso
Corporation (Japan), JTEKT Corporation (Japan),
Nexteer Automotive (U.S.), TRW Automotive Holding
s Corp. (U.S.) and Mitsubishi Electric
Corporation (Japan). The major strategy adopted
by these key market players is geographic
expansion and new product development.
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