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Vehicle Electrification Market worth 92.59 Billion USD by 2022

"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

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Vehicle Electrification Market worth 92.59 Billion USD by 2022

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  1. Vehicle Electrification Market worth 92.59 Billion USD by 2022 www.MarketsandMarkets.com

  2. 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.marketsandmarkets.com/pdfdownload.asp?id=224946587

  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. Request for Customization: https://www.marketsandmarkets.com/requestCustomization.asp?id=224946587

  4. Asia-Oceania region is estimated to be the leading market for vehicle electrification Asia-Oceania is estimated to dominate the vehicle electrification market, as the region represents countries such as China, Japan, South Korea, and India with the world’s 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 @ https://www.marketsandmarkets.com/requestsample.asp?id=224946587

  5. 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 @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=224946587

  6. 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.

  7. Browse >> 108market data tables 62 figures 237 pagesand 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 : US$8150 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. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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