Vehicle Electrification Market

Vehicle Electrification Market by Product (Start-Stop, PTC, EPS, Electric Air Conditioner, ISG, Starter Motor, Alternator, Actuator, Electric Pump-Vacuum, Oil & Water), 48V, ICE, BEV, HEV, PHEV, Vehicle Type, and Region - Global Forecast to 2025

Report Code: AT 2839 Sep, 2020, by marketsandmarkets.com

[212 Pages Report] The vehicle electrification market in the pre-COVID-19 situation was projected to reach 735 million units by 2025 from 540 million units in 2020 (in terms of volume). The possibility of a second wave of COVID-19 may be a major blow to the automotive manufacturing industry. However, with lockdown relaxations in the US and China, enabling the resumption of production operations, the automotive ancillary industry is likely to resume operations by the end of 2020, thereby driving the vehicle electrification market.

The vehicle electrification market is projected to grow at a CAGR of 11.9% to reach USD 129.6 billion by 2025 from USD 73.7 billion. Owing to various benefits offered by electrification such as decreased vehicle weight, lower emissions, increased fuel efficiency, improved driving comfort, and safety among, vehicle electrification would be the preferred option for OEMs in the near future.

Vehicle Electrification Market

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COVID-19 IMPACT

The vehicle electrification market is expected to witness a significant downturn in 2020, largely attributed to a decline in vehicle production. The production of ICE vehicles remains largely disrupted due to the COVID-19 pandemic. The global production of vehicles, pre-COVID-19, was expected to reach from ~90-95 million units in 2020 and ~110-115 million units by 2025, with the Asia Oceania and North America regions being the major contributors in the passenger car segment and North America accounting for the largest share of LCV production.

The outbreak of the COVID-19 pandemic has caused a disruption in the export of automotive components as well as the closure of manufacturing and assembly plants across the world. Major players such as GM, Honda, Fiat, Volkswagen, PSA Group, General Motors, and BMW have suspended production. Considering these factors, the global vehicle production is expected to grow at a rate of 3.3% from 2020 to 2025.

Market Dynamics

DRIVER: Rising need for 48V architecture

The concept of 48 V architecture or mild hybrids is rapidly gaining traction around the globe, which is consequently expected to drive the demand for vehicle electrification in the near future. Full hybrid vehicles offer a better fuel economy as compared to mild hybrids. According to the International Council on Clean Transportation, full hybrid vehicles reduce fuel consumption by 30–35%. However, factors such as the higher cost and weight of vehicles are major challenges for full hybrid vehicle manufacturers. Mild hybrid systems with a 48 V battery are not as efficient as full hybrid systems but are cost-effective. Hence, OEMs prefer the mild hybrid concept. This involves the use of a conventional ICE engine and the addition of an electric motor with a power of up to 15 kW. The only addition to the cost is that of the electric motor, which is balanced by the removal of the starter motor and alternator from the conventional ICE engine.

RESTRAINT: Difficulty in achieving and maintaining an optimum power-to-weight ratio

The power-to-weight ratio is a calculation commonly applied to engines and power sources to enable the comparison of one vehicle to another. The power-to-weight ratio applies to the vehicle power in kW divided by the weight of the vehicle in kilograms. The lesser the weight of the vehicle, it is observed to have more power, better efficiency, and high range. Advanced, lightweight components and materials are required to achieve optimum power-to-weight ratio. OEMs and Tier I companies are working hard to improve the power-to-weight ratio by implementing lightweight materials and different advanced products such as e-CVT and e-axles, albeit still on a developmental stage.

OPPORTUNITY: Electrification of commercial vehicles

Globally, buses and trucks are used for public transportation and logistics purposes. In Europe and Asia Oceania, public transportation is used more than private transportation. While in North America, transportation is primarily through private vehicles. The demand for public transportation is triggered by the growing population in urban areas where the existing transportation infrastructure is proving to be insufficient. As each OEM is now focusing on reducing the global carbon footprint, they are promoting the use of electric vehicles. With the rising trend toward mobility on demand, taxis and passenger cars are focused more on greener technologies. Most of the efforts in the field of vehicle electrification are for passenger cars. There are very limited electrical systems and components for commercial vehicles that can replace conventional mechanical systems because of the higher loads. Developing electric powertrains for commercial vehicles is a costly affair as it involves a great amount of R&D. Governments from various countries are taking initiatives to increase the use of electric vehicles in their public transportation to reduce CO2 emissions by providing incentives and tax rebates on using e-trucks and e-buses. Some of the electric vehicle models are the Mercedes Benz electric truck, and BYD K9 and Tata Starbus Hybrid e-buses. As of now, there are a few commercial vehicle manufacturers that have introduced electric buses. However, the electric driveline for trucks and buses is still a challenge for system developers.

As with the wide-scale adoption of these vehicles, the demand for more reliable and better-performing systems would increase. This is where e-drive systems would help in vehicle weight reduction. This offers a good opportunity for manufacturers of electric components and electric drivelines to develop and launch products for the commercial vehicle segment.

CHALLENGE: Developing fail-safe electronic and electrical components

Electric vehicles signify the introduction of advanced technologies along with electric power components in vehicles. There are several risks associated with these technologies, such as thermal runaway of battery bank and fire, which need to be cautiously assessed. Numerous safety aspects need to be considered regarding vehicle electrification, including electric system safety, functional system safety, battery charging safety, and vehicle maintenance, operation, and training. The current challenges that hinder the popularity of electric vehicles are high battery cost, overheating, the total energy storage capacity of the battery, and the development of batteries for vehicles. Additionally, it is essential to examine the vehicle behavior as these systems often fail, making them inefficient when compared to ICE vehicles. Thus, automobile manufacturers need to ensure that customers use systems that operate efficiently in varied conditions to effectively promote the use of these electrical systems and their components.

Electric power steering is estimated to be the largest segment for the vehicle electrification market”

Electric power steering (EPS) is expected to be the largest vehicle electrification market. EPS reduces fuel consumption and improves the maneuverability of vehicles. In Europe and North America, almost all the vehicle has EPS, and in Asia Oceania, the trend is growing rapidly. In Asia Oceania, installation rate of EPS is almost 90%. Hence, the EPS segment is estimated to hold the largest market share during the forecast period.

“Plug-in hybrid electric vehicle (PHEV) is estimated to witness the fastest growth in the vehicle electrification market”

PHEV is the fastest growing segment in the vehicle electrification market. Automakers are seeing plug-in hybrids as a gateway to fully electric vehicles. Increasing charging infrastructure in China, the US, and European countries would be responsible for the shift from conventional ICE vehicles to PHEVs. OEMs of these regions are also investing significantly in vehicle electrification. This would also drive the demand for PHEVs.

Vehicle Electrification Market  by Region

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North America is expected to be the fastest growing market for vehicle electrification

North America is expected to be the fastest growing market for vehicle electrification. The growth in this region is propelled by growing charging infrastructure and significant investments by OEMs in the development of vehicle electrification. Federal tax credits and rebate incentives are accelerating the growth of vehicle electrification market, especially in the US. The US is set to dominate the North American vehicle electrification market, holding the highest market share in 2019. As the country has the presence of major OEMs and Tier I players, adoption of electric components in ICE vehicles, BEVs, HEVs, and PHEVs is very high. Hence, North America is expected to be the fastest growing market during the forecast period.

Vehicle Electrification Market Vehicle Electrification

Key Market Players

The vehicle electrification market comprises major manufacturers such as Bosch (Germany), Continental (Germany), Denso (Japan), BorgWarner (US), and Mitsubishi Electric (Japan). These companies have strong distribution networks at a global level and offer an extensive product range. These companies adopt strategies such as new product developments, expansions, collaborations, and contracts & agreements to sustain their market position.

The study includes an in-depth competitive analysis of these key players in the vehicle electrification market, with their company profiles, SWOT analysis of the top 5 companies, recent developments, and key market strategies.

Bosch is anticipated to be a dominant player in the vehicle electrification market. Bosch adopted the strategies of expansion, new product development, partnership, and merger & acquisition to retain its leading position in the vehicle electrification market. Bosch has a presence in emerging markets such as India, China, and Brazil as well. Strengthening of the product portfolio and global presence by building customer relationships is the strategy that Bosch follows to maintain its leadership in the vehicle electrification market.

Scope of the Report 

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Volume (Million Units) & Value (USD Billion)

Segments covered

Product Type, 48V, Vehicle Type, Degree of Hybridization, Region

Geographies covered

North America, Asia Oceania, Europe, and Rest of the World

Companies covered

Bosch (Germany), Continental (Germany), Denso (Japan), BorgWarner (US), and Mitsubishi Electric (Japan) A total of 20 major players covered

This research report categorizes the given market based on Product, 48V, ICE, BEV, HEV, PHEV, Vehicle Type, and Region

Vehicle electrification market, by product 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
  • Actuator

Vehicle electrification market, by degree of hybridization

  • Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
  • Hybrid Electric Vehicle (HEV)
  • Plug-In Hybrid Electric Vehicle (PHEV)
  • Battery Electric Vehicle (BEV)
  • 48 V

48V mild-hybrid market

Vehicle electrification market, by region

  • Asia Oceania
  • Europe
  • North America
  • RoW

Recent Developments

  • In 2019, Bosch has planned to open a new office in Holzkirchen, Germany. A new office building and a parking facility are expected to be finished by 2021. The new office space and laboratories will be made available for 900 associates on 17,000 square meters. The new parking facility will measure 21,000 square meters, providing space for around 800 cars and around 130 bicycles.
  • In 2019, Continental presented the third generation of power electronics in an electric SUV of a European manufacturer, providing current of up to 650 amps. The third generation delivers six times the performance of the first, while its weight has been reduced from 12 kilograms to 8 kilograms. The new power electronics can be used in a broad range of electric vehicles.
  • In 2019, DENSO and Hitachi Power Semiconductor Device, Ltd, a supplier of semiconductors, developed a high-efficiency diode for alternators for gasoline and diesel engine vehicles. Alternators equipped with newly developed diodes for vehicles were to be sold in Europe in FY2019 and will be rolled out to manufacturing group companies around the world.
  • In 2019, Bosch assumed full control of EM-motive, one of Europe’s most successful manufacturers of electric motors. Bosch and Daimler set up EM-motive GmbH as a 50-50 joint venture in 2011, and from 2019 onward, Bosch has gained complete control over EM-motive.
  • In 2017, Changchun Branch of Robert Bosch Motor (China) Co., Ltd. signed an agreement with the Changchun High Tech Industrial Development Zone to establish a starter motor plant in the area with an annual capacity of 3 million sets. A total of USD 29 million was invested in the project.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 27)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
                 FIGURE 1 GLOBAL VEHICLE ELECTRIFICATION MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED IN THE STUDY
    1.4 CURRENCY
        TABLE 1 CURRENCY EXCHANGE RATES (PER USD)
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA
        FIGURE 2 VEHICLE ELECTRIFICATION MARKET: RESEARCH DESIGN
        FIGURE 3 RESEARCH DESIGN MODEL
    2.2 SECONDARY DATA
           2.2.1 KEY SECONDARY SOURCES FOR VEHICLE PRODUCTION
           2.2.2 KEY SECONDARY SOURCES FOR MARKET SIZING
           2.2.3 KEY DATA FROM SECONDARY SOURCES
    2.3 PRIMARY DATA
        FIGURE 4 BREAKDOWNa OF PRIMARY INTERVIEWS
           2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
           2.3.2 PRIMARY PARTICIPANTS
    2.4 MARKET SIZE ESTIMATION
           2.4.1 BOTTOM-UP APPROACH: VEHICLE ELECTRIFICATION MARKET
           2.4.2 BOTTOM-UP APPROACH: ELECTRIC VEHICLE ELECTRIFICATION MARKET
    2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 5 DATA TRIANGULATION
    2.6 ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 40)
    3.1 PRE- & POST-COVID-19 SCENARIO
        FIGURE 6 PRE- & POST-COVID-19 SCENARIOS: VEHICLE ELECTRIFICATION MARKET, 2017-2025 (MILLION UNITS)
        TABLE 2 VEHICLE ELECTRIFICATION MARKET: PRE- & POST- COVID-19 SCENARIO, 2017–2025 (MILLION UNITS)
        FIGURE 7 VEHICLE ELECTRIFICATION MARKET: MARKET OUTLOOK
        FIGURE 8 VEHICLE ELECTRIFICATION MARKET, BY REGION, 2020 VS. 2025 (MILLION UNITS)

4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE VEHICLE ELECTRIFICATION MARKET
        FIGURE 9 STRINGENT EMISSION NORMS & FUEL ECONOMY STANDARDS TO DRIVE THE VEHICLE ELECTRIFICATION MARKET IN THE NEXT 5 YEARS
    4.2 VEHICLE ELECTRIFICATION MARKET, BY REGION
        FIGURE 10 ASIA OCEANIA TO HOLD THE LARGEST SHARE IN THE VEHICLE ELECTRIFICATION MARKET, 2019 (VALUE)
    4.3 VEHICLE ELECTRIFICATION MARKET GROWTH TRENDS, BY COUNTRY
        FIGURE 11 VEHICLE ELECTRIFICATION MARKET IN MEXICO TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD, 2019–2027 (VALUE)
    4.4 VEHICLE ELECTRIFICATION MARKET, BY PRODUCT
        FIGURE 12 ELECTRIC POWER STEERING (EPS) TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD (VALUE)
    4.5 VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE
        FIGURE 13 PASSENGER CAR SEGMENT TO HOLD THE LARGEST MARKET SHARE, 2019 (VALUE)
    4.6 VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION
        FIGURE 14 ICE & MICRO-HYBRID VEHICLES ARE EXPECTED TO HAVE THE LARGEST MARKET FOR VEHICLE ELECTRIFICATION, 2019 VS. 2027 (VALUE)

5 MARKET OVERVIEW (Page No. - 47)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 15 VEHICLE ELECTRIFICATION MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Rising need for 48V architecture
                    5.2.1.2 Adoption of advanced technologies such as e-axle in electric vehicles
                            TABLE 3 TOP HEV & PHEV MODELS WITH ADVANCED TECHNOLOGIES AND SALES
           5.2.2 RESTRAINTS
                    5.2.2.1 Difficulty in achieving and maintaining an optimum power-to-weight ratio
                            TABLE 4 BATTERY TYPE VS. POWER-TO-WEIGHT RATIO
                            TABLE 5 POWER OUTPUT-TO-VEHICLE WEIGHT
                    5.2.2.2 Higher cost of electric systems
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Use of alternate materials for overall weight reduction to open new avenues in electric vehicle technologies
                    5.2.3.2 Electrification of commercial vehicles
           5.2.4 CHALLENGES
                    5.2.4.1 Developing fail-safe electronic and electrical components
                    5.2.4.2 High cost of hybrid and plug-in hybrid vehicles
    5.3 COVID-19 IMPACT ON AUTOMOTIVE INDUSTRY
        TABLE 6 EUROPE: LOSS IN VEHICLE PRODUCTION DUE TO PLANT SHUTDOWNS, BY COUNTRY (UNITS)
        FIGURE 16 AUTOMOTIVE PRODUCTION: PRE- & POST-COVID-19 SCENARIOS, 2017–2025 (‘000 UNITS)
        TABLE 7 AUTOMOTIVE PRODUCTION: PRE- &POST-COVID-19 SCENARIOS, 2017–2025 (‘000 UNITS)
    5.4 COVID-19 IMPACT ANALYSIS ON VEHICLE ELECTRIFICATION MARKET
        FIGURE 17 VEHICLE ELECTRIFICATION MARKET SCENARIOS, 2017-2025 (MILLION UNITS)
           5.4.1 MOST LIKELY/REALISTIC SCENARIO
                 TABLE 8 VEHICLE ELECTRIFICATION MARKET (REALISTIC SCENARIO), BY REGION, 2018–2025 (MILLION UNITS)
           5.4.2 HIGH COVID-19 IMPACT SCENARIO
                 TABLE 9 VEHICLE ELECTRIFICATION MARKET (HIGH COVID-19 IMPACT SCENARIO), BY REGION, 2018–2025 (MILLION UNITS)
           5.4.3 LOW COVID-19 IMPACT SCENARIO
                 TABLE 10 VEHICLE ELECTRIFICATION MARKET (LOW COVID-19 IMPACT SCENARIO), BY REGION, 2018–2025 (MILLION UNITS)

6 INDUSTRY TRENDS (Page No. - 58)
    6.1 INTRODUCTION
    6.2 COMPANY VS PRODUCT
        TABLE 11 COMPANY VS PRODUCT, 2018-2019
    6.3 48 V HYBRID ARCHITECTURE
        FIGURE 18 VEHICLE ELECTRIFICATION WITH POTENTIAL FUEL SAVINGS
    6.4 PORTER’S FIVE FORCES ANALYSIS
        FIGURE 19 PORTER’S FIVE FORCES ANALYSIS
           6.4.1 THREAT OF NEW ENTRANTS
                 FIGURE 20 CAPITAL-INTENSIVE NATURE AND HIGH R&D EXPENDITURE OF ELECTRIC VEHICLE INDUSTRY TO HAVE THE HIGHEST IMPACT ON NEW MARKET ENTRANTS
           6.4.2 THREAT OF SUBSTITUTES
                 FIGURE 21 UNAVAILABILITY OF SUFFICIENT INFRASTRUCTURE AND PRODUCT RANGE LOWERS THE THREAT OF SUBSTITUTES
           6.4.3 BARGAINING POWER OF SUPPLIERS
                 FIGURE 22 HIGH SWITCHING COST AND BACKWARD INTEGRATION IMPACTS THE BARGAINING POWER OF SUPPLIERS
           6.4.4 BARGAINING POWER OF BUYERS
                 FIGURE 23 LIMITED NUMBER OF SUBSTITUTES AND LOWER VOLUME OF PURCHASES LEAD TO A DECREASE IN BUYER BARGAINING POWER
           6.4.5 INTENSITY OF COMPETITIVE RIVALRY
                 FIGURE 24 HIGH INDUSTRY GROWTH RATE AND EXIT BARRIERS DRIVE THE INTENSITY OF COMPETITIVE RIVALRY

7 48V VEHICLE (Page No. - 66)
    7.1 INTRODUCTION
    7.2 NEED FOR 48V ARCHITECTURE
    7.3 48V MILD HYBRID MARKET, BY REGION
        FIGURE 25 48V MILD HYBRID MARKET, BY REGION
           7.3.1 EUROPE IS ESTIMATED TO BE THE LARGEST MARKET
                 TABLE 12 48V MILD HYBRID MARKET, BY REGION, 2017–2027 (000’ UNITS)
                 TABLE 13 48V MILD HYBRID MARKET, BY REGION, 2017–2027 (USD MILLION)
                 TABLE 14 48V MILD HYBRID MARKET, BY PRODUCT, 2017–2027 (USD MILLION)
    7.4 IMPACT OF 48V ARCHITECTURE
        FIGURE 26 LOAD DISTRIBUTION OF 12V/48V ARCHITECTURE
        FIGURE 27 CABLE THICKNESS VS MAXIMUM POWER
        TABLE 15 ISO 6722 NORMS FOR ALUMINUM WIRING

8 VEHICLE ELECTRIFICATION MARKET, BY PRODUCT TYPE (Page No. - 72)
    8.1 INTRODUCTION
        TABLE 16 ENERGY EFFICIENT TECHNOLOGIES & FUEL EFFICIENCY ADVANTAGES
           8.1.1 RESEARCH METHODOLOGY
                 FIGURE 28 PRIMARY INSIGHT
                 TABLE 17 VEHICLE TYPE VS PRODUCT TYPE, 2018-2019
           8.1.2 ASSUMPTIONS
                 FIGURE 29 VEHICLE ELECTRIFICATION MARKET OUTLOOK, BY PRODUCT TYPE, BY VALUE, 2019 VS 2027
                 TABLE 18 VEHICLE ELECTRIFICATION MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
           8.1.3 THE MARKET FOR ELECTRIC AIR CONDITIONER COMPRESSOR IS PROJECTED TO GROW AT THE HIGHEST CAGR
                 TABLE 19 VEHICLE ELECTRIFICATION MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                 TABLE 20 VEHICLE ELECTRIFICATION MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
    8.2 START-STOP
           8.2.1 ASIA OCEANIA IS PROJECTED TO BE THE FASTEST GROWING MARKET
                 TABLE 21 START-STOP SYSTEM MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                 TABLE 22 START-STOP SYSTEM MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                 TABLE 23 START-STOP SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION)
    8.3 ELECTRIC POWER STEERING (EPS)
           8.3.1 ASIA OCEANIA IS ESTIMATED TO BE THE LARGEST MARKET
                 TABLE 24 ELECTRIC POWER STEERING (EPS) MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                 TABLE 25 ELECTRIC POWER STEERING (EPS) MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                 TABLE 26 ELECTRIC POWER STEERING (EPS) MARKET, BY REGION, 2017–2027 (USD MILLION)
    8.4 LIQUID HEATER PTC
           8.4.1 NORTH AMERICAN MARKET IS EXPECTED TO BE THE SECOND LARGEST
                 TABLE 27 LIQUID HEATER PTC MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                 TABLE 28 LIQUID HEATER PTC MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                 TABLE 29 LIQUID HEATER PTC MARKET, BY REGION, 2017–2027 (USD MILLION)
    8.5 ELECTRIC AIR CONDITIONER COMPRESSOR
           8.5.1 NORTH AMERICA IS PROJECT TO BE THE FASTEST-GROWING MARKET OVER THE FORECAST PERIOD
                 TABLE 30 ELECTRIC AIR CONDITIONER COMPRESSOR MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                 TABLE 31 ELECTRIC AIR CONDITIONER COMPRESSOR MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                 TABLE 32 ELECTRIC AIR CONDITIONER COMPRESSOR MARKET, BY REGION, 2017–2027 (USD MILLION)
    8.6 ELECTRIC VACUUM PUMP
           8.6.1 THE ASIA OCEANIA MARKET FOR ELECTRIC VACUUM PUMP IS ESTIMATED TO BE THE LARGEST MARKET
                 TABLE 33 ELECTRIC VACUUM PUMP MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                 TABLE 34 ELECTRIC VACUUM PUMP MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                 TABLE 35 ELECTRIC VACUUM PUMP MARKET, BY REGION, 2017–2027 (USD MILLION)
    8.7 ELECTRIC OIL PUMP
           8.7.1 ROW IS PROJECTED TO BE THE FASTEST-GROWING MARKET OVER THE FORECAST PERIOD
                 TABLE 36 ELECTRIC OIL PUMP MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                 TABLE 37 ELECTRIC OIL PUMP MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                 TABLE 38 ELECTRIC OIL PUMP MARKET, BY REGION, 2017–2027 (USD MILLION)
    8.8 ELECTRIC WATER PUMP
           8.8.1 NORTH AMERICA IS PROJECTED TO BE THE FASTEST-GROWING MARKET OVER THE FORECAST PERIOD
                 TABLE 39 ELECTRIC WATER PUMP MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                 TABLE 40 ELECTRIC WATER PUMP MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                 TABLE 41 ELECTRIC WATER PUMP MARKET, BY REGION, 2017–2027 (USD MILLION)
    8.9 STARTER MOTOR
           8.9.1 ASIA OCEANIA IS ESTIMATED TO BE THE LARGEST MARKET
                 TABLE 42 STARTER MOTOR MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                 TABLE 43 STARTER MOTOR MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                 TABLE 44 STARTER MOTOR MARKET, BY REGION, 2017–2027 (USD MILLION)
    8.10 ALTERNATOR
           8.10.1 ASIA OCEANIA IS ESTIMATED TO BE THE LARGEST MARKET
                  TABLE 45 ALTERNATOR MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                  TABLE 46 ALTERNATOR MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                  TABLE 47 ALTERNATOR MARKET, BY REGION, 2017–2027 (USD MILLION)
    8.11 INTEGRATED STARTER GENERATOR (ISG)
           8.11.1 EUROPE MARKET IS ESTIMATED TO BE THE SECOND LARGEST
                  TABLE 48 INTEGRATED STARTER GENERATOR (ISG) MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                  TABLE 49 INTEGRATED STARTER GENERATOR (ISG) MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                  TABLE 50 INTEGRATED STARTER GENERATOR (ISG) MARKET, BY REGION, 2017–2027 (USD MILLION)
    8.12 ACTUATOR
           8.12.1 ASIA OCEANIA IS PROJECTED TO BE THE FASTEST-GROWING MARKET OVER THE FORECAST PERIOD
                  TABLE 51 ACTUATOR MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                  TABLE 52 ACTUATOR MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                  TABLE 53 ACTUATOR MARKET, BY REGION, 2017–2027 (USD MILLION)

9 VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE (Page No. - 94)
    9.1 INTRODUCTION
           9.1.1 RESEARCH METHODOLOGY
                 FIGURE 30 PRIMARY INSIGHT
           9.1.2 ASSUMPTIONS
                 FIGURE 31 VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE, 2019 VS. 2027 (USD MILLION)
           9.1.3 THE PASSENGER CAR SEGMENT IS ESTIMATED TO BE THE LARGEST MARKET
                 TABLE 54 VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE, 2017–2019 (MILLION UNITS)
                 TABLE 55 VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE, 2020–2025 (MILLION UNITS)
                 TABLE 56 VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
    9.2 PASSENGER CAR
           9.2.1 BY REGION
                 TABLE 57 PASSENGER CAR MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                 TABLE 58 PASSENGER CAR MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                 TABLE 59 PASSENGER CAR MARKET, BY REGION, 2017–2027 (USD MILLION)
           9.2.2 BY DEGREE OF HYBRIDIZATION
                 TABLE 60 PASSENGER CAR MARKET, BY DEGREE OF HYBRIDIZATION, 2017–2019 (MILLION UNITS)
                 TABLE 61 PASSENGER CAR MARKET, BY DEGREE OF HYBRIDIZATION, 2020–2025 (MILLION UNITS)
                 TABLE 62 PASSENGER CAR MARKET, BY DEGREE OF HYBRIDIZATION, 2017–2027 (USD MILLION)
    9.3 LIGHT COMMERCIAL VEHICLE (LCV)
           9.3.1 BY REGION
                 TABLE 63 LCV MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                 TABLE 64 LCV MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                 TABLE 65 LCV MARKET, BY REGION, 2017–2027 (USD MILLION)

10 VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION (Page No. - 103)
     10.1 INTRODUCTION
          FIGURE 32 VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION, 2017 VS. 2027
             10.1.1 RESEARCH METHODOLOGY
                    FIGURE 33 PRIMARY INSIGHT
                    TABLE 66 VEHICLE TYPE VS PRODUCT, 2018-2019
             10.1.2 ASSUMPTIONS
             10.1.3 THE ICE VEHICLE SEGMENT IS EXPECTED TO BE THE LARGEST MARKET, IN TERMS OF VOLUME
                    TABLE 67 VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION, 2017–2019 (MILLION UNITS)
                    TABLE 68 VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION, 2020–2025 (MILLION UNITS)
                    TABLE 69 VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION, 2020–2025 (USD MILLION)
                    FIGURE 34 HYBRID TECHNOLOGY
     10.2 INTERNAL COMBUSTION ENGINE (ICE) & MICRO HYBRID VEHICLE
             10.2.1 ASIA OCEANIA IS EXPECTED TO BE THE LARGEST MARKET, IN TERMS OF VOLUME
                    TABLE 70 ICE & MICRO HYBRID MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                    TABLE 71 ICE & MICRO HYBRID MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                    TABLE 72 ICE & MICRO HYBRID MARKET, BY REGION, 2017–2027 (USD MILLION)
     10.3 HYBRID ELECTRIC VEHICLE (HEV)
             10.3.1 ROW IS EXPECTED TO BE THE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD
                    TABLE 73 HYBRID ELECTRIC VEHICLE MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                    TABLE 74 HYBRID ELECTRIC VEHICLE MARKET, BY REGION, 2020–2025 MILLION UNITS)
                    TABLE 75 HYBRID ELECTRIC VEHICLE MARKET, BY REGION, 2017–2027 (USD MILLION)
     10.4 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
             10.4.1 ASIA OCEANIA IS EXPECTED TO BE THE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD
                    TABLE 76 PLUG-IN HYBRID VEHICLE MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                    TABLE 77 PLUG-IN HYBRID VEHICLE MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                    TABLE 78 PLUG-IN HYBRID VEHICLE MARKET, BY REGION, 2017–2027 (USD MILLION)
     10.5 BATTERY ELECTRIC VEHICLE (BEV)
             10.5.1 NORTH AMERICA IS PROJECTED TO BE THE LARGEST MARKET DURING THE FORECAST PERIOD
                    TABLE 79 BEV MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                    TABLE 80 BEV MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                    TABLE 81 BEV MARKET, BY REGION, 2017–2027 (USD MILLION)
     10.6 48 V VEHICLE
             10.6.1 EUROPE IS EXPECTED TO BE THE LARGEST MARKET, IN TERMS OF VOLUME
                    TABLE 82 48 V VEHICLE MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                    TABLE 83 48 V VEHICLE MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                    TABLE 84 48 V VEHICLE MARKET, BY REGION, 2017–2027 (USD MILLION)

11 VEHICLE ELECTRIFICATION MARKET, BY REGION (Page No. - 115)
     11.1 INTRODUCTION
          FIGURE 35 RESEARCH METHODOLOGY
          FIGURE 36 PRIMARY INSIGHT
             11.1.1 ASSUMPTIONS
                    FIGURE 37 REGION-WISE SNAPSHOT OF THE VEHICLE ELECTRIFICATION MARKET (VALUE): ASIA OCEANIA ACCOUNTS FOR THE LARGEST MARKET SHARE, 2019 VS. 2027
                    TABLE 85 VEHICLE ELECTRIFICATION MARKET, BY REGION, 2017–2019 (MILLION UNITS)
                    TABLE 86 VEHICLE ELECTRIFICATION MARKET, BY REGION, 2020–2025 (MILLION UNITS)
                    TABLE 87 VEHICLE ELECTRIFICATION MARKET, BY REGION, 2017–2027 (USD MILLION)
     11.2 ASIA OCEANIA
          FIGURE 38 ASIA OCEANIA: VEHICLE ELECTRIFICATION MARKET SNAPSHOT
          FIGURE 39 ASIA OCEANIA: VEHICLE ELECTRIFICATION MARKET, 2019 VS. 2027 (USD MILLION)
          TABLE 88 ASIA OCEANIA VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2017–2019 (MILLION UNITS)
          TABLE 89 ASIA OCEANIA VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2020–2025 (MILLION UNITS)
          TABLE 90 ASIA OCEANIA VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2017–2027 (USD MILLION)
             11.2.1 CHINA
                        11.2.1.1 China is estimated to record the highest growth
TABLE 91 CHINA MARKET, BY PRODUCT, 2017–2019 (MILLION UNITS)
                                 TABLE 92 CHINA MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 93 CHINA MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
             11.2.2 JAPAN
                        11.2.2.1 Electric air conditioner compressor is estimated to record the highest growth
                                 TABLE 94 JAPAN MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 95 JAPAN MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 96 JAPAN MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
             11.2.3 SOUTH KOREA
                        11.2.3.1 Electric power steering is expected to hold the second largest market
                                 TABLE 97 SOUTH KOREA MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 98 SOUTH KOREA MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 99 SOUTH KOREA MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
             11.2.4 INDIA
                        11.2.4.1 Electric air conditioner compressor is estimated to record the highest growth
                                 TABLE 100 INDIA MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 101 INDIA MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 102 INDIA MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
             11.2.5 REST OF ASIA OCEANIA
                        11.2.5.1 Electric power steering is expected to hold the second-largest market
                                 TABLE 103 REST OF ASIA OCEANIA MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 104 REST OF ASIA OCEANIA MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 105 REST OF ASIA OCEANIA MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
     11.3 EUROPE
          FIGURE 40 EUROPE: VEHICLE ELECTRIFICATION MARKET SNAPSHOT
          FIGURE 41 EUROPE: VEHICLE ELECTRIFICATION MARKET, 2019 VS. 2027 (USD MILLION)
          TABLE 106 EUROPE VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2017–2019 (MILLION UNITS)
          TABLE 107 EUROPE: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2020–2025 (MILLION UNITS)
          TABLE 108 EUROPE: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2017–2027 (USD MILLION)
             11.3.1 GERMANY
                        11.3.1.1 Electric vacuum pump is estimated to record the highest growth
                                 TABLE 109 GERMANY MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 110 GERMANY MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 111 GERMANY MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
             11.3.2 FRANCE
                        11.3.2.1 Electric air conditioner compressor is estimated to record the highest growth
                                 TABLE 112 FRANCE MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 113 FRANCE MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 114 FRANCE MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
             11.3.3 UK
                        11.3.3.1 Electric air conditioner compressor is estimated to record the highest growth
                                 TABLE 115 UK MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 116 UK MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 117 UK MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
             11.3.4 SPAIN
                        11.3.4.1 Electric power steering is expected to hold the largest market
                                 TABLE 118 SPAIN MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 119 SPAIN MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 120 SPAIN MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
             11.3.5 REST OF EUROPE
                        11.3.5.1 Electric power steering is expected to hold the largest market
                                 TABLE 121 REST OF EUROPE MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 122 REST OF EUROPE MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 123 REST OF EUROPE MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
     11.4 NORTH AMERICA
          FIGURE 42 NORTH AMERICA: VEHICLE ELECTRIFICATION MARKET, 2019 VS. 2027 (USD MILLION)
          TABLE 124 NORTH AMERICA: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2017–2019 (MILLION UNITS)
          TABLE 125 NORTH AMERICA: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2020–2025 (MILLION UNITS)
          TABLE 126 NORTH AMERICA: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2017–2027 (USD MILLION)
             11.4.1 US
                        11.4.1.1 Liquid heater PTC is estimated to record the highest growth
                                 TABLE 127 US MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 128 US MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 129 US MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
             11.4.2 CANADA
                        11.4.2.1 Electric power steering is expected to hold the largest market
                                 TABLE 130 CANADA MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 131 CANADA MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 132 CANADA MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
             11.4.3 MEXICO
                        11.4.3.1 Integrated starter generator is expected to hold the largest market
                                 TABLE 133 MEXICO MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 134 MEXICO MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 135 MEXICO MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
     11.5 ROW
          FIGURE 43 ROW: VEHICLE ELECTRIFICATION MARKET, 2019 VS. 2027 (USD MILLION)
          TABLE 136 ROW: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2017–2019 (MILLION UNITS)
          TABLE 137 ROW: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2020–2025 (MILLION UNITS)
          TABLE 138 ROW: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY, 2017–2027 (USD MILLION)
             11.5.1 BRAZIL
                        11.5.1.1 Electric power steering is expected to hold the largest market
                                 TABLE 139 BRAZIL MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 140 BRAZIL MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 141 BRAZIL MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
             11.5.2 RUSSIA
                        11.5.2.1 Electric air conditioner compressor is estimated to record the fastest growth
                                 TABLE 142 RUSSIA MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 143 RUSSIA MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 144 RUSSIA MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)
             11.5.3 REST OF ROW
                        11.5.3.1 Actuator is expected to hold the largest market in terms of value
                                 TABLE 145 REST OF ROW MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)
                                 TABLE 146 REST OF ROW MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)
                                 TABLE 147 REST OF ROW MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 159)
     12.1 INTRODUCTION
             12.1.1 VANGUARDS
             12.1.2 INNOVATORS
             12.1.3 DYNAMIC
             12.1.4 EMERGING
     12.2 VEHICLE ELECTRIFICATION MARKET: VENDOR DIVE MATRIX
          FIGURE 44 VEHICLE ELECTRIFICATION MARKET: VENDOR DIVE ANALYSIS
     12.3 COMPETITIVE BENCHMARKING
          FIGURE 45 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN VEHICLE ELECTRIFICATION MARKET
          FIGURE 46 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN VEHICLE ELECTRIFICATION MARKET
     12.4 MARKET RANKING
          FIGURE 47 VEHICLE ELECTRIFICATION MARKET RANKING, 2017
     12.5 COMPETITIVE SCENARIO
          FIGURE 48 COMPANIES ADOPTED EXPANSIONS AS THE KEY GROWTH STRATEGY, 2014–2019
             12.5.1 EXPANSION
                    TABLE 148 EXPANSIONS, 2015–2017
             12.5.2 SUPPLY CONTRACTS
                    TABLE 149 SUPPLY CONTRACT, 2015–2017
             12.5.3 NEW PRODUCT LAUNCHES/DEVELOPMENTS
                    TABLE 150 NEW PRODUCT LAUNCHES/DEVELOPMENTS, 2016–2017
             12.5.4 PARTNERSHIPS/JOINT VENTURES
                    TABLE 151 PARTNERSHIP/JOINT VENTURES, 2016–2017
             12.5.5 MERGERS & ACQUISITIONS
                    TABLE 152 MERGERS & ACQUISITIONS, 2015–2017

13 COMPANY PROFILES (Page No. - 170)
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
     13.1 BOSCH
          FIGURE 49 BOSCH: COMPANY SNAPSHOT
          FIGURE 50 BOSCH: SWOT ANALYSIS
     13.2 CONTINENTAL
          FIGURE 51 CONTINENTAL: COMPANY SNAPSHOT
          FIGURE 52 CONTINENTAL: SWOT ANALYSIS
     13.3 DENSO
          FIGURE 53 DENSO: COMPANY SNAPSHOT
          FIGURE 54 DENSO: SWOT ANALYSIS
     13.4 DELPHI
          FIGURE 55 DELPHI: COMPANY SNAPSHOT
     13.5 MITSUBISHI
          FIGURE 56 MITSUBISHI: COMPANY SNAPSHOT
          FIGURE 57 MITSUBISHI: SWOT ANALYSIS
     13.6 BORGWARNER
          FIGURE 58 BORGWARNER: COMPANY SNAPSHOT
          FIGURE 59 BORGWARNER: SWOT ANALYSIS
     13.7 JOHNSON ELECTRIC
          FIGURE 60 JOHNSON ELECTRIC: COMPANY SNAPSHOT
     13.8 MAGNA
          FIGURE 61 MAGNA: COMPANY SNAPSHOT
     13.9 AISIN SEIKI
          FIGURE 62 AISIN SEIKI: COMPANY SNAPSHOT
     13.10 JOHNSON CONTROLS
           FIGURE 63 JOHNSON CONTROL: COMPANY SNAPSHOT
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
     13.11 ADDITIONAL COMPANIES
             13.11.1 ASIA OCEANIA
                        13.11.1.1 JTEKT Corporation
                        13.11.1.2 Hitachi Automotive
                        13.11.1.3 Calsonic Kansei
             13.11.2 EUROPE
                        13.11.2.1 ZF
                        13.11.2.2 Valeo
                        13.11.2.3 WABCO
                        13.11.2.4 GKN
                        13.11.2.5 Schaeffler
                        13.11.2.6 MAHLE
             13.11.3 NORTH AMERICA
                        13.11.3.1 Dana (US)

14 APPENDIX (Page No. - 203)
     14.1 INSIGHTS OF INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
             14.4.1 48V MARKET, BY COMPONENT & REGION
                        14.4.1.1 Asia Oceania
                                     14.4.1.1.1 Start-Stop System
                                     14.4.1.1.2 Electric Power Steering (EPS)
                                     14.4.1.1.3 Liquid Heater PTC
                                     14.4.1.1.4 Electric Air Conditioner Compressor
                                     14.4.1.1.5 Electric Vacuum Pump
                                     14.4.1.1.6 Electric oil Pump
                                     14.4.1.1.7 Electric water Pump
                                     14.4.1.1.8 Starter
                                     14.4.1.1.9 Alternator
                                     14.4.1.1.10 Integrated starter generator
                                     14.4.1.1.11 Actuator
                        14.4.1.2 Europe
                                     14.4.1.2.1 Start-Stop System
                                     14.4.1.2.2 Electric Power Steering (EPS)
                                     14.4.1.2.3 Liquid Heater PTC
                                     14.4.1.2.4 Electric Air Conditioner Compressor
                                     14.4.1.2.5 Electric Vacuum Pump
                                     14.4.1.2.6 Electric Oil Pump
                                     14.4.1.2.7 Electric Water Pump
                                     14.4.1.2.8 Starter
                                     14.4.1.2.9 Alternator
                                     14.4.1.2.10 Integrated Starter Generator
                                     14.4.1.2.11 Actuator
                        14.4.1.3 North America
                                     14.4.1.3.1 Start-Stop System
                                     14.4.1.3.2 Electric Power Steering (EPS)
                                     14.4.1.3.3 Liquid Heater PTC
                                     14.4.1.3.4 Electric Air Conditioner Compressor
                                     14.4.1.3.5 Electric Vacuum Pump
                                     14.4.1.3.6 Electric Oil Pump
                                     14.4.1.3.7 Electric Water Pump
                                     14.4.1.3.8 Starter
                                     14.4.1.3.9 Alternator
                                     14.4.1.3.10 Integrated starter generator
                                     14.4.1.3.11 Actuator
                        14.4.1.4 Rest of the World
                                     14.4.1.4.1 Start-Stop System
                                     14.4.1.4.2 Electric Power Steering (EPS)
                                     14.4.1.4.3 Liquid Heater PTC
                                     14.4.1.4.4 Electric Air Conditioner Compressor
                                     14.4.1.4.5 Electric Vacuum Pump
                                     14.4.1.4.6 Electric Oil Pump
                                     14.4.1.4.7 Electric Water Pump
                                     14.4.1.4.8 Starter
                                     14.4.1.4.9 Alternator
                                     14.4.1.4.10 Integrated starter generator
                                     14.4.1.4.11 Actuator
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

The study involves 4 main activities to estimate the current size of the vehicle electrification market. Exhaustive secondary research was done to collect information on the market, such as the use of diagnostics as well as prognostics solution in vehicle types. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. A top-down approach was employed to estimate the complete market size of different segments considered in this study.

Secondary Research

The secondary sources referred for this research study include annual reports, press releases and investor presentations of companies, white papers, certified publications, articles from recognized authors, directories, databases, and articles from recognized associations and government publishing sources. Various data points have been collected through secondary research such as key company’s revenues, gross booking, and number of plants and upcoming plants.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the vehicle electrification market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- and supply-side players across 4 major regions, namely, North America, Europe, Asia Oceania, and rest of the world (RoW). Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report. The primary validations include the base market size, forecasted market size, CAGR, segment level data, and trends of each segment.

After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject-matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Vehicle Electrification Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach has been used to estimate and validate the size of the global vehicle electrification market. In this approach, vehicle production statistics for each vehicle type (passenger car, LCV, and EV) at a country and regional level have been considered.

To determine the market size, in terms of volume, country-level vehicle production has been taken into consideration. Installation trends for each component in each vehicle type in each country considered under the scope of the study have been identified through secondary research and validated through primary research. The penetration rates were multiplied by the production volumes of all vehicle types to arrive at the market size, by volume, of key countries. This country-level market size, in terms of volume, is then multiplied with the country-level average OE price (AOP) of each component for each vehicle type. This results in the country-level market size, in terms of value. The summation of the country-level market gives the regional market, and further summation of the regional market provides the global vehicle electrification market. Similar methodology has been followed for vehicle electrification market of EVs (BEV, HEV, and PHEV) on the basis of component.

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

Vehicle Electrification Market  Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Vehicle Electrification Market  Size, and Share

Report Objectives

  • To analyze and forecast the market size, in terms of volume (million units) and value (USD million), of the vehicle electrification market
  • To define, describe, and project the vehicle electrification market by product type [start/stop system, electric power steering (EPS), electric air-conditioner compressor, electric vacuum pump, electric oil pump, and electric water pump, liquid heater PTC, integrated starter generator, starter motor, alternator, and actuator]
  • To define, describe, and project the vehicle electrification market by degree of hybridization [internal combustion engine (ICE) and micro hybrid vehicle, hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), battery electric vehicle (BEV) and 48V vehicle]
  • To define, describe, and project the 48V market for vehicle electrification
  • To define, describe, and project the vehicle electrification market by region (Asia Oceania, North America, Europe, and Rest of the World)
  • To define, describe, and project the vehicle electrification market by vehicle type (passenger car and LCV)
  • To understand the market dynamics, and the impact of market dynamics on the vehicle electrification market, market ranking analysis of key vehicle electrification suppliers, and profiles of the top 20 vehicle electrification components suppliers

Target Audience

  • Suppliers of vehicle electrification
  • Raw material manufacturers of vehicle electrification components (suppliers for Tier I)
  • Traders, distributors, and suppliers of vehicle electrification components or raw materials
  • Regional manufacturer associations
  • Automotive OEMs
  • Organized and unorganized aftermarket suppliers
  • Government’s national and regional environmental regulatory agencies or organizations

Available Customizations

Vehicle electrification market, by degree of hybridization & country

  • Asia Oceania
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Oceania
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Rest of Europe
  • North America
    • US
    • Mexico
    • Canada
  • Rest of the World
    • Brazil
    • Russia
    • Rest of RoW

48V, By Region

  • Asia Oceania
  • Europe
  • North America
  • RoW
COVID-19

Get in-depth analysis of the COVID-19 impact on the Vehicle Electrification Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Vehicle Electrification Market

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Published ON
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