Market Overview:
The global vehicle electrification market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe. Electric vehicles are powered by electricity and do not emit harmful gases, which makes them environment-friendly. This is one of the major factors driving the demand for electric vehicles globally. Additionally, governments across various countries are providing incentives and subsidies for purchasing electric vehicles, which is also aiding in the growth of this market. The global vehicle electrification market can be segmented on the basis of type into start/stop system, electric power steering (EPS), electric air-conditioner compressor, electric vacuum pump, electric oil pump,electric water pump and liquid heater PTC.
Product Definition:
Start/Stop System:
The start/stop system is a key component of an electric vehicle. It helps in optimizing the battery life by shutting down non-essential components such as pumps, fans, and other loads when the vehicle is idle or parked. The stop/start function also helps in reducing fuel consumption as it restarts them after a set period of time.
Electric Power Steering (EPS):
Electric power steering (EPS) is a type of steering system in which the steering wheel is electrically connected to the vehicle's drivetrain. The driver can adjust the position of the wheel by using only one hand on its rim while pressing down on a button with his or her other hand, without having to use any physical effort for that.
The electric power steering (EPS) technology has been around for more than half a century.
Application Insights:
Internal combustion engine and micro-hybrid vehicle accounted for the largest market share in 2017. The application segment is bifurcated into two parts, one part includes internal combustion engine and the other includes micro-hyro hybrid vehicles. Internal Combustion Engine (ICE) & Micro Hybrid Vehicle are considered to be running on full hybrid mode where both electric assist as well as gasoline powertrain are used together to propel a car or a truck forward.
Micro-Hybrid Vehicles have been gaining traction since past few years owing to their low cost, easy installation and maintenance coupled with improved fuel economy which has been attracting more consumers towards this technology worldwide. Countries such as Japan have been promoting these types of vehicles due to strict government regulations over Full Hybrid Electric Vehicles (HEV).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The increasing sales of EVs in China, India, and Japan are anticipated to drive the regional growth. For instance, as per a recent survey conducted by IBEF on behalf of Ministry of Energy & Mineral Resources (MoEMR), China accounted for more than 60% share in terms of EV production globally along with being the largest EV market globally. In addition, countries like Norway and South Korea have also been reported to account for a significant share in terms of EV production worldwide along with being major markets for passenger cars and commercial vehicles respectively.
Europe was estimated to be valued at USD X billion in 2017 owing to stringent government regulations regarding vehicle emissions coupled with rising demand from countries such as Germany and U.K.
Growth Factors:
- Increasing demand for electric vehicles from the automotive sector
- Government initiatives and subsidies for electric vehicles
- Rising concerns over environmental pollution and climate change
- Technological advancements in vehicle electrification systems
- Growing demand for alternative fuel sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Electrification Market Research Report
By Type
Start/Stop System, Electric Power Steering (EPS), Electric Air-Conditioner Compressor, Electric Vacuum Pump, Electric Oil Pump, Electric Water Pump, Liquid Heater PTC, Integrated Starter Generator (ISG), Starter Motor & Alternator, Actuators
By Application
Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV), Others
By Companies
Bosch, Continental, Denso, Delphi, Johnson Electric, Mitsubishi Electric, Borgwarner, Magna, Aisin, Johnson Controls, Bosch, Valeo, Jtekt, Hitachi Automotive, Wabco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Electrification Market Report Segments:
The global Vehicle Electrification market is segmented on the basis of:
Types
Start/Stop System, Electric Power Steering (EPS), Electric Air-Conditioner Compressor, Electric Vacuum Pump, Electric Oil Pump, Electric Water Pump, Liquid Heater PTC, Integrated Starter Generator (ISG), Starter Motor & Alternator, Actuators
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV), Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Continental
- Denso
- Delphi
- Johnson Electric
- Mitsubishi Electric
- Borgwarner
- Magna
- Aisin
- Johnson Controls
- Bosch
- Valeo
- Jtekt
- Hitachi Automotive
- Wabco
Highlights of The Vehicle Electrification Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Start/Stop System
- Electric Power Steering (EPS)
- Electric Air-Conditioner Compressor
- Electric Vacuum Pump
- Electric Oil Pump
- Electric Water Pump
- Liquid Heater PTC
- Integrated Starter Generator (ISG)
- Starter Motor & Alternator
- Actuators
- By Application:
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Hybrid Electric Vehicle (HEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Battery Electric Vehicle (BEV)
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vehicle Electrification Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vehicle electrification is the process of converting a vehicle from an internal combustion engine to an electric motor. This can be done in a variety of ways, including using batteries, fuel cells, or solar power. Vehicle electrification has the potential to reduce emissions and improve fuel efficiency while also reducing traffic congestion.
Some of the key players operating in the vehicle electrification market are Bosch, Continental, Denso, Delphi, Johnson Electric, Mitsubishi Electric, Borgwarner, Magna, Aisin, Johnson Controls, Bosch, Valeo, Jtekt, Hitachi Automotive, Wabco.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle Electrification Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vehicle Electrification Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle Electrification Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vehicle Electrification Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vehicle Electrification Market Size & Forecast, 2020-2028
4.5.1 Vehicle Electrification Market Size and Y-o-Y Growth
4.5.2 Vehicle Electrification Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Start/Stop System
5.2.2 Electric Power Steering (EPS)
5.2.3 Electric Air-Conditioner Compressor
5.2.4 Electric Vacuum Pump
5.2.5 Electric Oil Pump
5.2.6 Electric Water Pump
5.2.7 Liquid Heater PTC
5.2.8 Integrated Starter Generator (ISG)
5.2.9 Starter Motor & Alternator
5.2.10 Actuators
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
6.2.2 Hybrid Electric Vehicle (HEV)
6.2.3 Plug-In Hybrid Electric Vehicle (PHEV)
6.2.4 Battery Electric Vehicle (BEV)
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle Electrification Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vehicle Electrification Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Start/Stop System
9.6.2 Electric Power Steering (EPS)
9.6.3 Electric Air-Conditioner Compressor
9.6.4 Electric Vacuum Pump
9.6.5 Electric Oil Pump
9.6.6 Electric Water Pump
9.6.7 Liquid Heater PTC
9.6.8 Integrated Starter Generator (ISG)
9.6.9 Starter Motor & Alternator
9.6.10 Actuators
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
9.10.2 Hybrid Electric Vehicle (HEV)
9.10.3 Plug-In Hybrid Electric Vehicle (PHEV)
9.10.4 Battery Electric Vehicle (BEV)
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Start/Stop System
10.6.2 Electric Power Steering (EPS)
10.6.3 Electric Air-Conditioner Compressor
10.6.4 Electric Vacuum Pump
10.6.5 Electric Oil Pump
10.6.6 Electric Water Pump
10.6.7 Liquid Heater PTC
10.6.8 Integrated Starter Generator (ISG)
10.6.9 Starter Motor & Alternator
10.6.10 Actuators
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
10.10.2 Hybrid Electric Vehicle (HEV)
10.10.3 Plug-In Hybrid Electric Vehicle (PHEV)
10.10.4 Battery Electric Vehicle (BEV)
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Start/Stop System
11.6.2 Electric Power Steering (EPS)
11.6.3 Electric Air-Conditioner Compressor
11.6.4 Electric Vacuum Pump
11.6.5 Electric Oil Pump
11.6.6 Electric Water Pump
11.6.7 Liquid Heater PTC
11.6.8 Integrated Starter Generator (ISG)
11.6.9 Starter Motor & Alternator
11.6.10 Actuators
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
11.10.2 Hybrid Electric Vehicle (HEV)
11.10.3 Plug-In Hybrid Electric Vehicle (PHEV)
11.10.4 Battery Electric Vehicle (BEV)
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Start/Stop System
12.6.2 Electric Power Steering (EPS)
12.6.3 Electric Air-Conditioner Compressor
12.6.4 Electric Vacuum Pump
12.6.5 Electric Oil Pump
12.6.6 Electric Water Pump
12.6.7 Liquid Heater PTC
12.6.8 Integrated Starter Generator (ISG)
12.6.9 Starter Motor & Alternator
12.6.10 Actuators
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
12.10.2 Hybrid Electric Vehicle (HEV)
12.10.3 Plug-In Hybrid Electric Vehicle (PHEV)
12.10.4 Battery Electric Vehicle (BEV)
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Start/Stop System
13.6.2 Electric Power Steering (EPS)
13.6.3 Electric Air-Conditioner Compressor
13.6.4 Electric Vacuum Pump
13.6.5 Electric Oil Pump
13.6.6 Electric Water Pump
13.6.7 Liquid Heater PTC
13.6.8 Integrated Starter Generator (ISG)
13.6.9 Starter Motor & Alternator
13.6.10 Actuators
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
13.10.2 Hybrid Electric Vehicle (HEV)
13.10.3 Plug-In Hybrid Electric Vehicle (PHEV)
13.10.4 Battery Electric Vehicle (BEV)
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vehicle Electrification Market: Competitive Dashboard
14.2 Global Vehicle Electrification Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Continental
14.3.3 Denso
14.3.4 Delphi
14.3.5 Johnson Electric
14.3.6 Mitsubishi Electric
14.3.7 Borgwarner
14.3.8 Magna
14.3.9 Aisin
14.3.10 Johnson Controls
14.3.11 Bosch
14.3.12 Valeo
14.3.13 Jtekt
14.3.14 Hitachi Automotive
14.3.15 Wabco
