Vehicle electrification is a topic that covers cars with electric means of propulsion, like an electric vehicle, and also electricity plays a very important part in the performance of a vehicle. Volts vary widely among different applications, though most vehicles use some form of electricity. Electrification in a car is the transformation of a gasoline-powered engine to one that uses electricity. The vehicle's electric powertrain will be altered in many ways. The electric motor, the batteries, and possibly even the whole drive train system will all be changed for more efficient use of the energy used. These changes are usually permanent mean a complete replacement of the engine in most cases. The electric motors that run the vehicle are changed, too. The traditional type of electric motor is the DC motor, and these tend to be more efficient than the AC motors that are used. This is because the AC motors have to work with alternating current, or AC, which is only capable of running in one direction at a time. The AC motors are slower than the DC motors, which are more efficient.
The global vehicle electrification market focuses on six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa.
Drivers:
Increasing consumerism of vehicles in the world is expected to fuel the growth of the global vehicle electrification market over the forecast period. For instance, according to International Energy Agency, in 2021 there were around 66 million automobiles in the world. The transition to electrified vehicles is a complex process, and it can be a daunting task. Fortunately, there are plenty of incentives for the transition. Many governments have pledged to reduce their gasoline consumption as a means of tackling the climate crisis and improving the health of their citizens. But the benefits of vehicle electrification are not limited to government policies. Vehicle electrification is an integral part of de-carbonization. Several new launches by key manufacturers are estimated to boost the growth of the global vehicle electrification market.
Restraints:
The high cost of electric vehicles is expected to hinder the growth of the global vehicle electrification market.
Regional Insights:
In regions, North America is expected to dominate the growth of the global vehicle electrification market, owing to the prevalence of electric vehicles in the region. For instance, according to EV-Volumes, in 2020, around 295,700 battery electric vehicles were sold in the United States. Moreover, Asia Pacific is expected to witness significant growth in the global vehicle electrification market owing to the presence of market players in the region. Moreover, increasing awareness related to pollution caused by traditional cars is assessed to propel the growth of the market.
Competitive Section:
Key players operating in the global vehicle electrification market include Mitsubishi Electric, BorgWarner, Denso, Continental, and Bosch.
In October 2019, Bosch announced opening a new office in Holzkirchen, Germany.
In July 2019, Continental launched a new third-generation power electronics in an electric SUV of a European manufacturer, which provides a current of up to 650 amps.
Key features of the study:
- This report provides in-depth analysis of vehicle electrification, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global vehicle electrification market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, vehicle electrification market capital, key developments, strategies, and future plans
- Key companies covered as a part of this study include Aisin Seiki Co. Ltd., Borgwarner Inc., Continental AG, Delphi Automotive PLC, Denso Corporation, Hitachi Automotive Systems Ltd., Johnson Controls Inc., Johnson Electric, Jtekt Corporation, Magna International Inc., Mitsubishi Electric Corporation, Robert Bosch GmbH, Valeo SA, Wabco Holdings Inc., and ZF Friedrichshafen AG.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product up-gradation, market expansion, and marketing tactics
- The global vehicle electrification market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global vehicle electrification market
Detailed Segmentation:
Global Vehicle Electrification Market, By Product Type:
Start/Stop System
Electric Power Steering (EPS)
Liquid Heater PTC
Electric Air Conditioner Compressor
Electric Vacuum Pump
Electric Oil Pump
Electric Water Pump
Starter Motor & Alternator
Integrated Starter Generator (ISG)
Actuators
Global Vehicle Electrification Market, By Degree of Hybridization:
Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Micro-Hybrid Vehicle & Internal Combustion Engine (ICE)
Global Vehicle Electrification Market, By Geography:
North America
By Product Type:
Start/Stop System
Electric Power Steering (EPS)
Liquid Heater PTC
Electric Air Conditioner Compressor
Electric Vacuum Pump (fastest growing market)
Electric Oil Pump
Electric Water Pump
Starter Motor & Alternator
Integrated Starter Generator (ISG)
Actuators
By Degree of Hybridization:
Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Micro-Hybrid Vehicle & Internal Combustion Engine (ICE)
By Country:
U.S.
Canada
Europe
By Product Type:
Start/Stop System
Electric Power Steering (EPS)
Liquid Heater PTC
Electric Air Conditioner Compressor
Electric Vacuum Pump (fastest growing market)
Electric Oil Pump
Electric Water Pump
Starter Motor & Alternator
Integrated Starter Generator (ISG)
Actuators
By Degree of Hybridization:
Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Micro-Hybrid Vehicle & Internal Combustion Engine (ICE)
By Country:
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Product Type:
Start/Stop System
Electric Power Steering (EPS)
Liquid Heater PTC
Electric Air Conditioner Compressor
Electric Vacuum Pump (fastest growing market)
Electric Oil Pump
Electric Water Pump
Starter Motor & Alternator
Integrated Starter Generator (ISG)
Actuators
By Degree of Hybridization:
Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Micro-Hybrid Vehicle & Internal Combustion Engine (ICE)
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Product Type:
Start/Stop System
Electric Power Steering (EPS)
Liquid Heater PTC
Electric Air Conditioner Compressor
Electric Vacuum Pump (fastest growing market)
Electric Oil Pump
Electric Water Pump
Starter Motor & Alternator
Integrated Starter Generator (ISG)
Actuators
By Degree of Hybridization:
Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Micro-Hybrid Vehicle & Internal Combustion Engine (ICE)
By Country:
Brazil
Mexico
Rest of Latin America
Middle East & Africa
By Product Type:
Start/Stop System
Electric Power Steering (EPS)
Liquid Heater PTC
Electric Air Conditioner Compressor
Electric Vacuum Pump (fastest growing market)
Electric Oil Pump
Electric Water Pump
Starter Motor & Alternator
Integrated Starter Generator (ISG)
Actuators
By Degree of Hybridization:
Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Micro-Hybrid Vehicle & Internal Combustion Engine (ICE)
By Country:
GCC Countries
Israel
Northern Africa
Central Africa
South Africa
Rest of MEA
Company Profiles
Aisin Seiki Co. Ltd.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates
Borgwarner Inc.
Continental AG
Delphi Automotive PLC
Denso Corporation
Hitachi Automotive Systems Ltd.
Johnson Controls Inc.
Johnson Electric
Jtekt Corporation
Magna International Inc.
Mitsubishi Electric Corporation
Robert Bosch GmbH
Valeo SA
Wabco Holdings Inc.
ZF Friedrichshafen AG
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
1. Research Objective and assumption
o Research Objectives
o Assumptions
o Abbreviations
2. Market Purview
o Report Description
? Market Definition and Scope
o Executive Summary
? Market Snippet, By Product
? Market Snippet, By Degree of Hybridization
? Market Snippet, By Technology
? Market Snippet, By Region
o Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
o Market Dynamics
? Drivers
? Restraints
? Market Opportunities
? Regulatory Scenario
? Industry Trend
? Merger and Acquisitions
? New system Launch/Approvals
? Value Chain Analysis
? Porter's Analysis
? PEST Analysis
4. Global Vehicle Electrification Market, By Product Type, 2015 - 2025 (US$ Million)
o Introduction
? Market Share Analysis, 2015 and 2025 (%)
? Segment Trends
o Start/Stop System
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Electric Power Steering (EPS)
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Liquid Heater PTC
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Electric Air Conditioner Compressor
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Electric Vacuum Pump
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Electric Oil Pump
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Electric Water Pump
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Starter Motor & Alternator
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Integrated Starter Generator (ISG)
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Actuators
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
5. Global Vehicle Electrification Market, By Degree of Hybridization, 2015-2025 (US$ Million)
o Introduction
? Market Share Analysis, 2015 and 2025 (%)
? Segment Trends
o Battery Electric Vehicle (BEV)
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Plug-In Hybrid Electric Vehicle (PHEV)
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Hybrid Electric Vehicle (HEV)
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
o Micro-Hybrid Vehicle & Internal Combustion Engine (ICE)
? Introduction
? Market Size and Forecast, 2015-2025, (US$ Million)
6. Global Vehicle Electrification Market, By Regions, 2015-2025 (US$ Million)
o Introduction
? Market Share Analysis, By Region, 2015 and 2025 (%)
o North America
? Regional Trends
? Market Size and Forecast, By Product Type, 2015-2025 (US$ Million)
? Market Size and Forecast, By Degree of Hybridization, 2015-2025 (US$ Million)
? Market Share Analysis, By Country, 2015 and 2025 (%)
? U.S.
? Canada
o Europe
? Regional Trends
? Market Size and Forecast, By Product Type, 2015-2025 (US$ Million)
? Market Size and Forecast, By Degree of Hybridization, 2015-2025 (US$ Million)
? Market Share Analysis, By Country, 2015 and 2025 (%)
? UK
? Germany
? Italy
? France
? Russia
? Others
o Asia Pacific
? Regional Trends
? Market Size and Forecast, By Product Type, 2015-2025 (US$ Million)
? Market Size and Forecast, By Degree of Hybridization, 2015-2025 (US$ Million)
? Market Share Analysis, By Country, 2015 and 2025 (%)
? China
? India
? Japan
? ASEAN
? Australia
? South Korea
? Others
o Latin America
? Regional Trends
? Market Size and Forecast, By Product Type, 2015-2025 (US$ Million)
? Market Size and Forecast, By Degree of Hybridization, 2015-2025 (US$ Million)
? Market Share Analysis, By Country, 2015 and 2025 (%)
? Brazil
? Argentina
? Mexico
? Others
o Middle East & Africa
? Regional Trends
? Market Size and Forecast, By Product Type, 2015-2025 (US$ Million)
? Market Size and Forecast, By Degree of Hybridization, 2015-2025 (US$ Million)
? Market Share Analysis, By Country, 2015 and 2025 (%)
? GCC Countries
? Israel
? Northern Africa
? Central Africa
? South Africa
7. Competitive Landscape
o Company Profiles
? Aisin Seiki Co. Ltd.
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Borgwarner Inc.
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Continental AG
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Delphi Automotive PLC
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Denso Corporation
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Hitachi Automotive Systems Ltd.
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Johnson Controls Inc.
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Johnson Electric
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Jtekt Corporation
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Magna International Inc.
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Mitsubishi Electric Corporation
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Robert Bosch GmbH
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Valeo SA
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? Wabco Holdings Inc.
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
? ZF Friedrichshafen AG
? Company Overview
? Product Portfolio
? Financial Performance
? Key Strategies
? Recent Developments/Updates
o Analyst Views
8. Section
o References
o Research Methodology
o About us and Sales Contact
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