HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: December 2014
Report Code: AT 2839

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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.

Asia-Oceania is estimated to be the largest and fastest growing market for vehicle electrification. Japan and China are the main contributors to the growth of market in Asia-Oceania region. To cater this huge demand of the Asia-Oceania region many OEMs are expanding in to this region.

In this research study global market is classified into three major segments such as vehicle electrification market by region (Asia-Oceania, North America, Europe, and RoW) along with key countries in each region, by product type (start/stop system, electric power steering (EPS), liquid heater PTC, electric air-conditioner compressor, electric vacuum pump, electric oil pump, and electric water pump) and by the degree of hybridization (internal combustion engine (ICE) and micro hybrid, hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and battery electric vehicle (BEV)/electric vehicle (EV)/fuel cell electric vehicle (FCEV)).

This report classifies and defines the global vehicle electrification market size in terms of volume and value in the vehicle electrification industry. Market size in terms of volume is provided in thousand units (‘000 units) from 2012 to 2019, whereas the market value is provided in terms of ($million). This report also provides qualitative data about vehicle electrification systems and its components.

The report also provides a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the global vehicle electrification market. The key players in the market for vehicle electrification have also been identified and profiled. Apart from quantitative analysis of these markets, the report also covers qualitative aspects such as value chain analysis, PEST analysis and Porter’s five force analysis for the global 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.

Vehicle Electrification Market Size, by Region, 2014 ($ Thousand)

Vehicle Electrification Market

Source: MarketsandMarkets Analysis

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Report Description
    1.3 Markets Covered
           1.3.1 Vehicle Electrification Market, By Product Type
           1.3.2 Vehicle Electrification Market, By Degree of Hybridization
           1.3.3 Vehicle Electrification Market, By Geography
    1.4 Stakeholders
    1.5 Market Scope

2 Research Methodology (Page No. - 20)
    2.1 Vehicle Electrification Market
    2.2 Market Size Estimation
           2.2.1 Key Data Taken From Secondary Sources
           2.2.2 Key Data From Primary Sources
                    2.2.2.1 Key Industry Insights
           2.2.3 Assumptions
    2.3 Market Breakdown & Data Triangulation

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Market Opportunities in Vehicle Electrification Market
    4.2 Vehicle Electrification Market in Asia-Oceania Region
    4.3 Vehicle Electrification Market Growth Rate, By Country
    4.4 Vehicle Electrification Market Share, By Product, 2019
    4.5 Vehicle Electrification Market: Developed vs. Developing Nations
    4.6 Vehicle Electrification Market, By Degree of Hybridization
    4.7 Life Cycle Analysis, By Geography

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Stringency on Fuel Economy and Exhaust Emission Control Targets
                    5.3.1.2 Tax Exemptions and Subsidies Provided By Governments
                    5.3.1.3 Increasing Demand for Reliable Electric Systems in Vehicles
                    5.3.1.4 Increasing Fossil Fuel Prices
           5.3.2 Restraints
                    5.3.2.1 Fail-Safe Electronic and Electrical Components
                    5.3.2.2 High Cost of Electric Systems
           5.3.3 Opportunities
                    5.3.3.1 Increasing Adoption of Hybrid Drivetrains in Vehicles
                    5.3.3.2 Emerging Economies With High Growth Potential for Electrical Systems
           5.3.4 Challenges
                    5.3.4.1 Developing Battery With High-Storage Capacity and Serving Wide Voltage Range
           5.3.5 Burning Issues
                    5.3.5.1 Designing Electronic Components Operating Under Wide Temperature Range and Humidity Conditions
    5.4 Winning Imperatives
           5.4.1 Developing Electric Systems With Low Power Requirements
                    5.4.1.1 Integrating Electric Systems Into Entry and Mid-Segment Vehicles
    5.5 Porter’s Five Forces Analysis
           5.5.1 Threat of New Entrants
           5.5.2 Threat of Substitutes
           5.5.3 Bargaining Power of Suppliers
           5.5.4 Bargaining Power of Buyers
           5.5.5 Intensity of Competitive Rivalry
    5.6 Value Chain Analysis
    5.7 Market Share Analysis
           5.7.1 Market Share of Products
    5.8 Pestle Analysis
           5.8.1 MnM Political Analysis
           5.8.2 Economic Analysis
           5.8.3 Social Analysis
           5.8.4 Technological Analysis
           5.8.5 Legal Analysis
           5.8.6 Environmental Analysis

6 Technological Overview (Page No. - 54)
    6.1 Introduction
    6.2 Vehicle Electrification Trend
    6.3 Importance and Functions of Key Vehicle Electrification Products
           6.3.1 Start-Stop System
           6.3.2 Electric Power Steering (EPS)
           6.3.3 Liquid Heater PTC
           6.3.4 Electric Air-Conditioner Compressor
           6.3.5 Electric Vacuum Pump
           6.3.6 Electric Oil Pump
           6.3.7 Electric Water Pump
           6.3.8 Thermoelectric Generator
           6.3.9 Electric Turbocharger
    6.4 Vehicle Electrification Technology Roadmap
    6.5 Effect of Vehicle Electrification on Fuel Economy and Emissions
    6.6 Impact of Vehicle Regulations on Vehicle Electrification
    6.7 Impact of Electrification on Vehicle’s Electrical Architecture
    6.8 Impact of Usage of Ceramic Substrates in Pcbs of Different Electric Modules, Power Modules, and Embedded Systems
    6.9 Future Potential Substrates With Improved Properties

7 Vehicle Electrification Market, By Geography (Page No. - 65)
    Key Findings 
    7.1 Introduction
    7.2 Asia-Oceania
           7.2.1 China
           7.2.2 Japan
           7.2.3 South Korea
           7.2.4 India
    7.3 Europe
           7.3.1 Germany
           7.3.2 France
           7.3.3 U.K.
           7.3.4 Italy
    7.4 North America
           7.4.1 U.S.
           7.4.2 Canada
    7.5 RoW
           7.5.1 Russia
           7.5.2 Brazil

8 Vehicle Electrification Market, By Product (Page No. - 96)
    8.1 Introduction
    8.2 Start–Stop System
    8.3 Electric Power Steering (EPS)
    8.4 Liquid Heater PTC
    8.5 Electric Air-Conditioner Compressor
    8.6 Electric Vacuum Pump
    8.7 Electric Oil Pump
    8.8 Electric Water Pump
    8.9 Thermoelectric Generator
    8.10 Electric Turbocharger

9 Vehicle Electrification Market, By Degree of Hybridization (Page No. - 114)
    9.1 Introduction
    9.2 Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
    9.3 Hybrid Electric Vehicle (HEV)
    9.4 Plug-In Hybrid Electric Vehicle (PHEV)
    9.5 Battery Electric Vehicle (Bev) & Fuel Cell Electric Vehicle (FCEV)

10 Competitive Landscape (Page No. - 134)
     10.1 Overview
     10.2 Automotive Vehicle Electrification Market Share Analysis
     10.3 Competitive Situation and Trends
             10.3.1 New Product Developments
             10.3.2 Agreements, Partnerships & Joint Ventures
             10.3.3 Mergers & Acquisitions
             10.3.4 Expansions
             10.3.5 Others Strategies

11 Company Profiles (Page No. - 143)
     11.1 Introduction
     11.2 Continental AG
             11.2.1 Business Overview
             11.2.2 Products & Services
             11.2.3 Key Strategy
             11.2.4 Recent Developments
             11.2.5 SWOT Analysis
             11.2.6 MnM View
     11.3 Denso Corporation
             11.3.1 Business Overview
             11.3.2 Products & Services
             11.3.3 Key Strategy
             11.3.4 Recent Developments
             11.3.5 SWOT Analysis
             11.3.6 MnM View
     11.4 Mitsubishi Electric Corporation
             11.4.1 Business Overview
             11.4.2 Products and Services
             11.4.3 Key Strategy
             11.4.4 Recent Developments
             11.4.5 SWOT Analysis
             11.4.6 MnM View
     11.5 Robert Bosch GMBH
             11.5.1 Business Overview
             11.5.2 Products & Services
             11.5.3 Key Strategy
             11.5.4 Recent Developments
             11.5.5 SWOT Analysis
             11.5.6 MnM View
     11.6 TRW Automotive Holdings Corp.
             11.6.1 Business Overview
             11.6.2 Products & Services
             11.6.3 Key Strategy
             11.6.4 Recent Developments
             11.6.5 SWOT Analysis
             11.6.6 MnM View
     11.7 Borgwarner Inc.
             11.7.1 Business Overview
             11.7.2 Products & Services
             11.7.3 Key Strategy
             11.7.4 Recent Development
             11.7.5 SWOT Analysis
     11.8 Delphi Automotive PLC
             11.8.1 Business Overview
             11.8.2 Products & Services
             11.8.3 Key Strategy
             11.8.4 Recent Development
             11.8.5 SWOT Analysis
     11.9 Jtekt Corporation
             11.9.1 Business Overview
             11.9.2 Products & Services
             11.9.3 Key Strategy
             11.9.4 Recent Developments
     11.10 Mando Corp.
             11.10.1 Business Overview
             11.10.2 Products & Services
             11.10.3 Key Strategy
             11.10.4 Recent Developments
     11.11 Nexteer Automotive Group Ltd.
             11.11.1 Business Overview
             11.11.2 Products & Services
             11.11.3 Key Strategy
             11.11.4 Recent Developments
     11.12 NSK Ltd.
             11.12.1 Business Overview
             11.12.2 Products & Services
             11.12.3 Key Strategy
             11.12.4 Recent Developments
     11.13 ZF Friedrichshafen AG
             11.13.1 Business Overview
             11.13.2 Product & Services
             11.13.3 Key Strategy
             11.13.4 Recent Developments
     11.14 Visteon Corporation
             11.14.1 Business Overview
             11.14.2 Products & Services
             11.14.3 Key Strategy
             11.14.4 Recent Developments


List of Tables (94 Tables)

Table 1 Product Market Share, By Region
Table 2 National Policy Initiatives
Table 3 Consumption of Petroleum (Thousand Barrels Per Day)
Table 4 Alternative Fuel Vehicle Types & Fuel Savings
Table 5 Vehicle Electrification Market, By Region, 2012-2019 (‘000 Units)
Table 6 Vehicle Electrification Market, By Region, 2012-2019 ($Thousand)
Table 7 Asia-Oceania: Vehicle Electrification Market Size, By Country,2012-2019 (‘000 Units)
Table 8 Asia-Oceania: Vehicle Electrification Market Size, By Country,2012-2019 ($Thousand)
Table 9 China: Vehicle Electrification Market Size, By Product,2012-2019 (‘000 Units)
Table 10 China: Vehicle Electrification Market Size, By Product,2012-2019 ($Thousand)
Table 11 Japan: Vehicle Electrification Market Size, By Product,2012-2019 (‘000 Units)
Table 12 Japan: Vehicle Electrification Market Size, By Product,2012-2019 ($Thousand)
Table 13 South Korea: Vehicle Electrification Market Size, By Product,2012-2019 (‘000 Units)
Table 14 South Korea: Vehicle Electrification Market Size, By Product,2012-2019 ($Thousand)
Table 15 India: Vehicle Electrification Market Size, By Product,2012-2019 (‘000 Units)
Table 16 India: Vehicle Electrification Market Size, By Product,2012-2019 ($Thousand)
Table 17 Europe: Vehicle Electrification Market Size, By Country,2012-2019 (‘000 Units)
Table 18 Europe: Vehicle Electrification Market Size, By Country,2012-2019 ($Thousand)
Table 19 Germany: Vehicle Electrification Market Size, By Product,2012-2019 (‘000 Units)
Table 20 Germany: Vehicle Electrification Market Size, By Product,2012-2019 ($Thousand)
Table 21 France: Vehicle Electrification Market Size, By Product,2012-2019 (‘000 Units)
Table 22 France: Vehicle Electrification Market Size, By Product,2012-2019 ($Thousand)
Table 23 U.K.: Vehicle Electrification Market Size, By Product,2012-2019 (‘000 Units)
Table 24 U.K.: Vehicle Electrification Market Size, By Product,2012-2019 ($Thousand)
Table 25 Italy: Vehicle Electrification Market Size, By Product,2012-2019 (‘000 Units)
Table 26 Italy: Vehicle Electrification Market Size, By Product,2012-2019 ($Thousand)
Table 27 North America: Vehicle Electrification Market Size, By Country,2012-2019 (‘000 Units)
Table 28 North America: Vehicle Electrification Market Size, By Country,2012-2019 ($Thousand)
Table 29 U.S.: Vehicle Electrification Market Size, By Product,2012-2019 (‘000 Units)
Table 30 U.S.: Vehicle Electrification Market Size, By Product,2012-2019 ($Thousand)
Table 31 Canada: Vehicle Electrification Market Size, By Product,2012-2019 (‘000 Units)
Table 32 Canada: Vehicle Electrification Market Size, By Product,2012-2019 ($Thousand)
Table 33 RoW: Vehicle Electrification Market Size, By Country,2012-2019 (‘000 Units)
Table 34 RoW: Vehicle Electrification Market Size, By Country,2012-2019 ($Thousand)
Table 35 Russia: Vehicle Electrification Market Size, By Product,2012-2019 (‘000 Units)
Table 36 Russia: Vehicle Electrification Market Size, By Product,2012-2019 ($Thousand)
Table 37 Brazil: Vehicle Electrification Market Size, By Product,2012-2019 (‘000 Units)
Table 38 Brazil: Vehicle Electrification Market Size, By Product,2012-2019 ($Thousand)
Table 39 Vehicle Electrification Market Size, By Product, 2012–2019 ($Thousand)
Table 40 Vehicle Electrification Market Size, By Product, 2012–2019 (‘000 Units)
Table 41 Start-Stop System Market Size, By Region, 2012-2019 ($Thousand)
Table 42 Start–Stop System Market Size, By Region, 2012-2019 (‘000 Units )
Table 43 Electric Power Steering Market Size, By Region, 2012-2019 ($Thousand)
Table 44 Electric Power Steering Market Size, By Region, 2012-2019 (‘000 Units)
Table 45 Liquid Heater PTC Market Size, By Region, 2012-2019 ($Thousand)
Table 46 Liquid Heater PTC Market Size, By Region, 2012-2019 (‘000 Units)
Table 47 Electric Air-Conditioner Compressor Market Size, By Region,2012-2019 ($Thousand)
Table 48 Electric Air-Conditioner Compressor Market Size, By Region,2012-2019 (‘000 Units)
Table 49 Electric Vacuum Pump Market Size, By Region, 2012-2019 ($Thousand)
Table 50 Electric Vacuum Pump Market Size, By Region, 2012-2019 (‘000 Units)
Table 51 Electric Oil Pump Market Size, By Region, 2012-2019 ($Thousand)
Table 52 Electric Oil Pump Market Size, By Region, 2012-2019 (‘000 Units)
Table 53 Electric Water Pump Market Size, By Region, 2012-2019 ($Thousand)
Table 54 Electric Water Pump Market Size, By Region, 2012-2019 (‘000 Units)
Table 55 Global Investment in Thermoelectric Technology, 2012
Table 56 Thermoelectric Generator Market Size, By Region,2012-2019 ($Thousand)
Table 57 Thermoelectric Generator Market Size, By Region, 2012-2019 (‘000 Units)
Table 58 Electric Turbocharger Market Size, By Region, 2012-2019 ($Thousand)
Table 59 Electric Turbocharger Market Size, By Region, 2012-2019 (‘000 Units)
Table 60 Vehicle Electrification Market Size, By Degree of Hybridization,2012-2019 ($Thousand)
Table 61 Asia-Oceania: Vehicle Electrification Market Size for ICE & Micro-Hybrid Vehicles, By Product Type, 2012-2019 ($Thousand)
Table 62 Europe: Vehicle Electrification Market Size for ICE & Micro-Hybrid Vehicles, By Product Type, 2012-2019 ($Thousand)
Table 63 North America: Vehicle Electrification Market Size for ICE & Micro-Hybrid Vehicles, By Product Type, 2012-2019 ($Thousand)
Table 64 RoW: Vehicle Electrification Market Size for ICE & Micro-Hybrid Vehicles, By Product Type, 2012-2019 ($Thousand)
Table 65 Asia-Oceania: Vehicle Electrification Market Size for HEV, By Product Type, 2012-2019 ($Thousand)
Table 66 Europe: Vehicle Electrification Market Size for HEV, By Product Type, 2012-2019 ($Thousand)
Table 67 North America: Vehicle Electrification Market Size for HEV, By Product Type, 2012-2019 ($Thousand)
Table 68 RoW: Vehicle Electrification Market Size for HEV, By Product Type,2012-2019 ($Thousand)
Table 69 Asia-Oceania: Vehicle Electrification Market Size for PHEV, By Product Type, 2012-2019 ($Thousand)
Table 70 Europe: Vehicle Electrification Market Size for PHEV, By Product Type, 2012-2019 ($Thousand)
Table 71 North America: Vehicle Electrification Market Size for PHEV, By Product Type, 2012-2019 ($Thousand)
Table 72 RoW: Vehicle Electrification Market Size for PHEV, By Product Type, 2012-2019 ($Thousand)
Table 73 Asia-Oceania: Vehicle Electrification Market Size for Bev, By Product Type, 2012-2019 ($Thousand)
Table 74 Europe: Vehicle Electrification Market Size for Bev, By Product Type, 2012-2019 ($Thousand)
Table 75 North America: Vehicle Electrification Market Size for Bev, By Product Type, 2012-2019 ($Thousand)
Table 76 RoW: Vehicle Electrification Market Size for Bev, By Product Type,2012-2019 ($Thousand)
Table 77 New Product Developments, 2010–2014
Table 78 Agreements, Partnerships & Joint Ventures, 2010–2014
Table 79 Mergers & Acquisitions, 2010–2014
Table 80 Expansions & Investments, 2010–2014
Table 81 Other Strategies, 2010–2014
Table 82 Continental AG: Vehicle Electrification Product Portfolio
Table 83 Denso Corporation: Product Portfolio
Table 84 Mitsubishi Electric Corporation: Product Portfolio
Table 85 Robert Bosch GMBH: Product Portfolio
Table 86 TRW Automotive Holdings Corp.: Product Portfolio
Table 87 Borgwarner Inc.: Products & Their Descriptions
Table 88 Delphi: Product Portfolio
Table 89 Jtekt Corporation: Product Portfolio
Table 90 Mando Corp.: Product Portfolio
Table 91 Nexteer Automotive Group Ltd: Product Portfolio
Table 92 NSK Ltd.: Product Portfolio
Table 93 ZF Friedrichshafen AG: Product Portfolio
Table 94 Visteon Corporation: Product Portfolio
 
 
List of Figures (76 Figures)
 
Figure 1 Research Methodology
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Vehicle Electrification: Data Triangulation
Figure 4 Vehicle Electrification Systems Snapshot ( 2014 vs. 2019): Electric Power Steering is Expected to Double in Coming Five Years
Figure 5 Vehicle Electrification Market Share, 2014
Figure 6 Opportunities in Vehicle Electrification Market, 2014 - 2019
Figure 7 ICE & Micro-Hybrid Vehicles Hold Significant Share in Asia-Oceania Region
Figure 8 Vehicle Electrification Market Growth Rate, By Country, 2014-2019
Figure 9 Market Share for Products Used in Vehicle Electrification,By Region, 2019
Figure 10 Vehicle Electrification Market, By Country, 2014 vs. 2019 ($Million)
Figure 11 Degree of Hybridization Market Share, By Country, 2019
Figure 12 RoW to Enter Growth Stage in Coming Five Years
Figure 13 Vehicle Electrification Market Segmentation
Figure 14 Drivers, Restraints, Opportunities and Challenges for Vehicle Electrification Market
Figure 15 Overview of Emission & Fuel Economy Regulation Specifications for Passenger Cars
Figure 16 Percentage Change in Global Sales of Electric Vehicle, (%) From2012 To, 2013
Figure 17 Start-Stop System Market Size, 2011-2018 (‘000 Units)
Figure 18 Gasoline vs. Electric Vehicles: Cost to Drive Approximately 25–27 Miles
Figure 19 Projected Price for Compact, Battery-Powered Electric Vehicle, 2035
Figure 20 Hybrid Electric Vehicle Sales, 2012–2014
Figure 21 GDP of Brazil, Russia, India, and South Korea
Figure 22 Porter’s Five Forces Analysis
Figure 23 The Market for Vehicle Electrification is Highly Based on the Demand Generated From the Consumer Segment.
Figure 24 Value Chain Analysis (2013): Maximum Value is Added During Manufacturing and Assembly Phase
Figure 25 Vehicle Electrification Market Share, By Product, 2013
Figure 26 Layout of Electric Power Steering (EPS)
Figure 27 Design and Function of Electric Vacuum Pump
Figure 28 Thermoelectric Generator
Figure 29 Evolution of Vehicle Electrification Technology
Figure 30 Expected Co2 Emissions From Vehicles in 2020
Figure 31 Global Passenger Car Vehicle Mpg Historical Performance and Targets, 2000-2025
Figure 32 Geographic Snapshot (2014-2019) – Asia-Oceania is Emerging as the New Hot Spot
Figure 33 Asia-Oceania Market Snapshot: the Largest Automotive Consumer Market, By Value
Figure 34 North American Vehicle Electrification Market Snapshot: Market is Showing Highest Growth After the Economic Meltdown of 2009
Figure 35 More Than Half of the Market is Dominated By Electric Power Steering
Figure 36 Vehicle Electrification Market Size, By Product,2014 vs. 2019 (‘000 Units)
Figure 37 Electric Power Steering Market Will Continue to Grow Till 2019
Figure 38 Liquid Heater PTC Market Size, 2014 vs. 2019 ($Thousand)
Figure 39 Electric Vacuum Pump Market Size, By Region, 2014 vs. 2019 ($Thousand)
Figure 40 Electric Water Pump Market Size, 2014 vs. 2019 ($Thousand)
Figure 41 ICE Vehicle Propulsion System
Figure 42 ICE & Micro-Hybrid Vehicle: Vehicle Electrification Market Size,By Region, 2014 vs. 2019 ($Thousand)
Figure 43 Hybrid Electric Vehicle (PHEV) Propulsion System
Figure 44 Hybrid Electric Vehicle (HEV): Vehicle Electrification Market Size,By Region, 2014 vs. 2019 ($Thousand)
Figure 45 Plug-In Hybrid Electric Vehicle (PHEV) Propulsion System
Figure 46 Plug-In Hybrid Electric Vehicle (PHEV): Vehicle Electrification Market Size, By Region, 2014 vs. 2019 ($Thousand)
Figure 47 Battery Electric Vehicle (Bev) Propulsion System
Figure 48 Battery Electric Vehicle (Bev) & Fuel Cell Electric Vehicle (FCEV): Vehicle Electrification Market Size, By Region, 2014 vs. 2019 ($Thousand)
Figure 49 Companies Adopted Expansion as the Key Growth Strategy Over the Last Few Years
Figure 50 Continental AG and Robert Bosch Grew at the Highest Rate Between 2010 and 2013
Figure 51 Automotive Vehicle Electrification Market Share, By Key Player, 2013
Figure 52 Market Evolution Framework - Significant Expansion and New Product Development Have Fueled Growth in 2012 and 2013
Figure 53 Product Matrix, By Company
Figure 54 Battle for Market Share: Expansion & Investment is the Key Strategy
Figure 55 Geographic Revenue Mix of Top 5 Market Players
Figure 56 Competitive Analysis of Key Market Players (2013): Robert Bosch GMBH Emerged as the Champion Owing to Its Diversified Product Portfolio
Figure 57 Continental AG: Business Overview
Figure 58 Continental AG: SWOT Analysis
Figure 59 Denso Corporation: Business Overview
Figure 60 Denso Corporation: SWOT Analysis
Figure 61 Mitsubishi Electric Corporation: Business Overview
Figure 62 Mitsubishi Electric Corporation: SWOT Analysis
Figure 63 Robert Bosch GMBH: Business Overview
Figure 64 Robert Bosch GMBH: SWOT Analysis
Figure 65 TRW Automotive Holdings Corp.: Business Overview
Figure 66 TRW Automotive Holdings Corp.: SWOT Analysis
Figure 67 Borgwarner Inc.: Business Overview
Figure 68 Borgwarner Inc.: SWOT Analysis
Figure 69 Delphi Automotive PLC. : Business Overview
Figure 70 Delphi Automotive PLC: SWOT Analysis
Figure 71 Jtekt Corporation: Business Overview
Figure 72 Mando Corp.: Business Overview
Figure 73 Nexteer Automotive Group Ltd.: Business Overview
Figure 74 NSK Ltd.: Business Overview
Figure 75 ZF Friedrichshafen AG: Business Overview
Figure 76 Visteon Corporation: Business Overview

The vehicle electrification market size, in terms of value, is projected to grow at a CAGR of 13.0% from 2014 to 2019 and reach $30.74 billion by 2019.

The global market size by value for vehicle electrification technologies is projected to reach $30.74 billion by 2019. This market for vehicle electrification technologies is estimated to be largest in Asia-Oceania region, having market share of about ~40.7% in vehicle electrification technologies in 2014. China is the major contributor to the growth of vehicle electrification technologies in Asia-Oceania region. The global demand for vehicle electrification technologies market is 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. Europe holds second position in case of market for vehicle electrification technologies. The major contributor to this market in Europe region is Germany, having largest sales of vehicles in this region

In context with degree of hybridization type market for vehicle electrification technologies, the ICE engine and micro hybrid cars segment is accounted to hold the maximum share followed by hybrid electric vehicles (HEV) and plugin-hybrid electric vehicles (PHEV).

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).

Vehicle Electrification Market Size, 2014 vs. 2019 ($ Million)

Vehicle Electrification Market

Source: MarketsandMarkets Analysis

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