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 Mild-Hybrid, Degree of Hybridization, and Vehicle Type - Global Forecast to 2022

Report Code: AT 2839 Jun, 2017, by marketsandmarkets.com

[249 Pages Report] The vehicle electrification market is driven by factors such as stringent emission and fuel efficiency regulations around the globe. Increasing demand for passenger cars over the globe is multiplying this electrification effect. With this growing electrification trend, the demand for vehicles with 48V architecture is set to grow in the near future. The vehicle electrification market is estimated to be USD 62.53 billion in 2017, and is projected to reach USD 92.59 billion by 2022, at a CAGR of 8.17% during the forecast period. The base considered for the study is 2016, and the forecast period is 2017 to 2022.

Market Dynamics

Drivers

  • Decreasing permissible limits in emission regulations & raised fuel economy bars
  • Increasing demand for reliable electric systems in vehicles
  • Rising need for 48V architecture

Restraints

  • Higher cost of electric systems

Opportunities

  • Electrification of commercial vehicles
  • Flourishing automotive industry in South Asia

Challenges

  • Inadequate charging infrastructure for electric vehicles
  • Developing fail safe electronic and electrical components

Increasing demand for reliable electric systems and introduction of 48V systems drives the global vehicle electrification market

The increasingly stringent emission control norms, growing environmental concerns, and technological advancement of electric vehicles are causing a paradigm shift in the automotive industry. Conventional automotive systems are powered by mechanical power. However, OEMs have realized that stringent emission regulations can be complied through vehicle electrification. Therefore, automotive industry has started developing alternatives to conventional mechanically powered systems. Vehicle electrification can be achieved through various alterations such as equipping vehicles with electric powertrain and conversion of mechanically operated systems to electrical. Additionally, with increase in demand for electrical and electronic devices, the automobile industry is continuously shifting towards higher voltage power supply. A 48V architecture would give vehicle electrical systems greater stability and reduce fluctuations in vehicle voltage levels due to external conditions such as ambient temperature. Automakers can meet future fuel-economy and emissions requirements by switching to a 48V architecture or utilizing it in combination with the present 12V system.

Vehicle Electrification Market

The following are the major objectives of the study.

  • To analyze and forecast (2015–2022) the market size, in terms of volume (‘000 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 and alternator, actuators)
  • 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), and battery electric vehicle (BEV))
  • To define, describe, and project the 48V Mild-hybrid 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) and vehicle type (passenger cars and commercial vehicles)
  • 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 15 vehicle electrification suppliers

The report follows the bottom-up as well as top-down approach to estimate country-level use of vehicle electrification, by product type and degree of hybridization type. The forecast of this data is based on various secondary sources and validation of the same from primary respondents. Secondary sources include associations such as the International Council on Clean Transportation (ICCT), United States Environmental Protection Agency (EPA), paid databases, and directories such as Factiva. In the primary research stage, experts from related industries, manufacturers, and suppliers have been interviewed to understand the present situation and future trends in the vehicle electrification market. The vehicle electrification market, in terms of volume (thousand units) and value (USD million/billion), has been derived from forecasting techniques based on the production and sales data for all the regions. The penetrations have been verified using different primary sources.

The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Vehicle Electrification Market

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

The vehicle electrification market consists of vehicle electrification technology suppliers such as Robert Bosch GmbH. (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC(U.K.), Johnson Electrics (Hong Kong). Vehicle electrification components are supplied to major OEMs in the automotive industry such as Volkswagen (Germany), Toyota Motor Corporation(Japan) and Honda Motor Co Ltd(Japan) and others.

Major Market Developments

  • In December 2016, Continental has produced the world’s first hybrid drive that run on 48-volts architecture. Continental electrified one diesel variant of both the new Renault Scιnic and Grand Scιnic models. This system reduces the fuel consumption in the new European driving cycle by up to 13%.
  • In April 2016, Delphi unveiled new 48-volt, mild hybrid solution for automakers to meet emission regulations. The customized vehicle architecture maximizes the use of the 48-volt electrification to minimize the demand on the engine, improving performance while lowering CO2 emissions by more than 10%.
  • In April 2017, Mitsubishi Electric Corporation announced that it has developed an ultra-compact silicon carbide (SiC) inverter for hybrid vehicles. It is compatible with two-motor hybrid systems used in HEVs. The company will proceed to develop it for mass production, with the aim of commercializing it around 2021.
  • In October 2016, Valeo S.A. announced that it has developed the 48V e4Sport, an electric solution that contributes to lowering fuel consumption while increasing a vehicle's output. It is a new system for energy reuse that recovers a vehicle's regenerative energy and stores it in a 48V battery.

Target Audience of Vehicle Electrification Market

  • Suppliers of the 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

Vehicle Electrification Market Report Scope

  • 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
    • Actuators
  • 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)
  • 48V Mild-Hybrid Market, By Region

    • Asia-Oceania
    • Europe
    • North America
    • ROW
  • Vehicle Electrification Market, By Region

    • Asia-Oceania
    • Europe
    • North America
    • ROW

Critical questions which the report answers

  • What are the future growth prospects of 48V technology? Which factors will influence the introduction of 48V architecture?
  • How upcoming emission norms and fuel economy standards will affect the vehicle electrification market?

Available Customizations of Vehicle Electrification Market

Based on the given market data, MarketsandMarkets offers customizations in the reports as per the client’s specific requirements. The available customization options are as follows:

  • Vehicle Electrification Market, By Degree Of Hybridization & Country
    • Asia-Oceania
    • Europe
    • North America
    • Rest of the World
  • Note: The chapter is further segmented by country [Asia Oceania (India, Japan, China, and South Korea), Europe (Germany, UK, France, and Spain), North America (US, Canada, and Mexico), and RoW (Russia and Brazil)]
  • Electric Turbocharger Market, By Region
    • Asia-Oceania
    • Europe
    • North America
    • ROW
  • Company Information
    • Detailed analysis and profiling of additional market players (up to 5)

The vehicle electrification market is projected to grow at a CAGR of 8.17% from 2017 to 2022, to reach a market size of USD 92.59 billion by 2022 from USD 62.53 billion in 2017. Stringent emission and fuel efficiency norms, increasing demand for reliable electric systems in vehicles are the major drivers for the vehicle electrification market.

Electric vacuum pump is the fastest growing segment globally. It has become alternative to mechanical vacuum pump. The demand for electric vacuum pump is increasing owing to stringent emission regulations and adoption of 48V architecture. Electric power steering (EPS) is having the largest market size in the vehicle electrification market. The EPS reduces fuel consumption and emissions, limits the servicing required, and improves the maneuverability of the vehicle. Because of these benefits OEMs are increasingly offering EPS in their vehicle.

Plug-In hybrid electric vehicle is the fastest growing segment in the vehicle electrification market.  Automakers are seeing plug-in hybrids are to be the gateway to fully electric vehicles. Government tax incentives and state rebates have boosted proliferation of plug-in hybrid vehicles.  ICE and micro-hybrid vehicles have the largest market size as they have highest production and sales among the all vehicles types.

The Asia-Oceania is estimated to be the largest market for vehicle electrification. The vehicle electrification market in this region is driven by automotive hubs such as China and India. The growing demand for electric vehicles in China and Japan, implementation of stringent emission norms, and low production costs are driving the Asia-Oceania market. North America is expected to be fastest growing market for vehicle electrification. The growth in this region is propelled by increasing charging infrastructure, and significant investment by OEMs in development of vehicle electrification. Federal tax credits and rebate incentives is accelerating growth of vehicle electrification market especially in the U.S.

Vehicle Electrification Market

Rising need of 48V architecture drive the growth of vehicle electrification market

All the leading OEMs are replacing the mechanically driven components and systems with more efficient electrical components such as electric power steering, electric vacuum pump, electric water pump, and start-stop system among others to improve fuel economy and reduce emissions. Furthermore, there are additions of new safety and comfort features such as adaptive cruise control, lane keep assist, blind spot monitoring, heated seats, heated steering wheels, and heated windshields among others, which is increasing load requirements on conventional 12V battery system. A 48V architecture would give vehicle electrical systems greater stability and reduce fluctuations in vehicle voltage levels due to external conditions such as ambient temperature. Several leading players such as Continental AG (Germany) and Delphi Automotive PLC (U.K.) have developed 48V architecture for hybrid vehicles by key OEMs.

Critical questions the report answers:

  • What are the future growth prospects of 48V technology? Which factors will influence the introduction of 48V architecture?
  • How upcoming emission norms and fuel economy standards will affect the vehicle electrification market?

A key factor restraining the growth of vehicle electrification market is the high cost of electric systems and components. The cost of electric vehicle is still high despite the advancements in battery technology and incentives provided by the governments. Cost has been a major obstacle to the widespread of EV market. The vehicle electrification market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC(U.K.), Johnson Electrics (Hong Kong).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Factor Analysis
           2.4.1 Demand-Side Analysis
                    2.4.1.1 Rising Trend of Vehicle Electrification
                    2.4.1.2 Growing Demand for Hybrid and Electric Vehicles
           2.4.2 Supply Side Analysis
                    2.4.2.1 Stringent Emission and Fuel Economy Standards
    2.5 Market Size Estimation
           2.5.1 Bottom-Up Approach
           2.5.2 Top-Down Approach – 48V Architecture
           2.5.3 Market Breakdown and Data Triangulation
           2.5.4 Assumptions

3 Executive Summary (Page No. - 33)
    3.1 Introduction
           3.1.1 Vehicle Electrification Market, By Region
           3.1.2 Market, By Product
           3.1.3 Market, By Vehicle Type
           3.1.4 Market, By Degree of Hybridization
           3.1.5 48V Mild Hybrid Market, By Region

4 Premium Insights (Page No. - 40)
    4.1 Attractive Opportunities in the Vehicle Electrification Market
    4.2 Vehicle Electrification Market, By Region
    4.3 Vehicle Electrification Market Growth Trends, By Country
    4.4 Vehicle Electrification Market, By Product
    4.5 Vehicle Electrification Market, By Vehicle Type
    4.6 Vehicle Electrification Market, By Degree of Hybridization

5 Market Overview (Page No. - 45)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Decreasing Permissible Limits in Emission Regulations & Raised Fuel Economy Bars
                    5.3.1.2 Increasing Demand for Reliable Electric Systems in Vehicles
                    5.3.1.3 Rising Need for 48V Architecture
           5.3.2 Restraints
                    5.3.2.1 Higher Cost of Electric Systems
           5.3.3 Opportunities
                    5.3.3.1 Electrification of Commercial Vehicles
                    5.3.3.2 Flourishing Automotive Industry in Southeast Asia
           5.3.4 Challenges
                    5.3.4.1 Inadequate Charging Infrastructure for Electric Vehicles
                    5.3.4.2 Developing Fail-Safe Electronic and Electrical Components
    5.4 Porter’s Five Forces Analysis
           5.4.1 Threat of New Entrants
           5.4.2 Threat of Substitutes
           5.4.3 Bargaining Power of Suppliers
           5.4.4 Bargaining Power of Buyers
           5.4.5 Intensity of Competitive Rivalry
    5.5 Supply Chain

6 Vehicle Electrification Market, By Product Type (Page No. - 58)
    6.1 Introduction
    6.2 Vehicle Electrification Market, By Product Type
           6.2.1 Start/Stop System Market, By Region
           6.2.2 Electric Power Steering (EPS) Market, By Region
           6.2.3 Liquid Heater PTC Market, By Region
           6.2.4 Electric Air Conditioner Compressor Market, By Region
           6.2.5 Electric Vacuum Pump Market, By Region
           6.2.6 Electric Oil Pump Market, By Region
           6.2.7 Electric Water Pump Market, By Region
           6.2.8 Starter Motor & Alternator Market, By Region
           6.2.9 Integrated Starter Generator (ISG) Market, By Region
           6.2.10 Actuators Market, By Region

7 Vehicle Electrification Market, By Degree of Hybridization (Page No. - 74)
This Chapter Includes Products Such as Actuators, Alternator, Electric Air-Conditioned Compressor, Electric Oil Pump, Electric Power Steering (EPS), Electric Vacuum Pump, Electric Water Pump, Integrated Starter Generator, Liquid Heater PTC, Start Stop System, Starter Motor
    7.1 Introduction
    7.2 Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle Market
           7.2.1 ICE & Micro Hybrid Market Size, By Region & Product
    7.3 Hybrid Electric Vehicle (HEV)
           7.3.1 Hybrid Electric Vehicle Market Size, By Region & Product
    7.4 Plug-In Hybrid Electric Vehicle (PHEV)
           7.4.1 Plug-In Hybrid Electric Vehicle Market Size, By Region & Product
    7.5 Battery Electric Vehicle (BEV)
           7.5.1 Battery Electric Vehicle Market Size, By Region & Product

8 48V Mild Hybrid Market, By Region (Page No. - 106)
    8.1 Introduction
    8.2 Need for 48V Architecture
    8.3 48V Mild Hybrid Market, By Region
    8.4 Impact of 48V Architecture
           8.4.1 on Vehicle Electrical Systems
    8.5 Impact of 48V Architecture on Chemical Compositions of Air Conditioners & Oil Pumps
           8.5.1 on Chemical Composition of Air Conditioners & Oil Pumps

9 Vehicle Electrification Market, By Vehicle Type & By Country (Page No. - 113)
This Chapter Includes Products Such as Actuators, Alternator, Electric Air-Conditioned Compressor, Electric Oil Pump, Electric Power Steering (EPS), Electric Vacuum Pump, Electric Water Pump, Integrated Starter Generator, Liquid Heater PTC, Start Stop System, Starter Motor
    9.1 Introduction
    9.2 Vehicle Electrification Market, By Region
    9.3 Asia-Oceania Vehicle Electrification Market, By Vehicle Type & Country
           9.3.1 Asia-Oceania Vehicle Electrification Market, By Country
           9.3.2 China: Vehicle Electrification Market, By Product & Vehicle Type
           9.3.3 Japan: Vehicle Electrification Market, By Product & Vehicle Type
           9.3.4 South Korea: Vehicle Electrification Market, By Product & Vehicle Type
           9.3.5 India: Vehicle Electrification Market, By Product & Vehicle Type
           9.3.6 Rest of Asia-Oceania: Vehicle Electrification Market, By Product & Vehicle Type
    9.4 Europe Vehicle Electrification Market, By Vehicle Type & Country
           9.4.1 Europe Vehicle Electrification Market, By Country
           9.4.2 Germany: Vehicle Electrification Market, By Product & Vehicle Type
           9.4.3 France: Vehicle Electrification Market, By Product & Vehicle Type
           9.4.4 U.K.: Vehicle Electrification Market, By Product & Vehicle Type
           9.4.5 Spain: Vehicle Electrification Market, By Product & Vehicle Type
           9.4.6 Rest of Europe: Vehicle Electrification Market, By Product & Vehicle Type
    9.5 North America Vehicle Electrification Market, By Vehicle Type & Country
           9.5.1 North America Vehicle Electrification Market, By Country
           9.5.2 U.S.: Vehicle Electrification Market, By Product & Vehicle Type
           9.5.3 Mexico: Vehicle Electrification Market, By Product & Vehicle Type
           9.5.4 Canada: Vehicle Electrification Market, By Product & Vehicle Type
    9.6 Rest of the World Vehicle Electrification Market, By Vehicle Type & Country
           9.6.1 Rest of the World Vehicle Electrification Market, By Country
           9.6.2 Brazil: Vehicle Electrification Market, By Product & Vehicle Type
           9.6.3 Russia: Vehicle Electrification Market, By Product & Vehicle Type
           9.6.4 Others: Vehicle Electrification Market, By Product & Vehicle Type

10 Competitive Landscape (Page No. - 169)
     10.1 Introduction
             10.1.1 Vanguards
             10.1.2 Innovators
             10.1.3 Dynamic
             10.1.4 Emerging
     10.2 Vehicle Electrification Market: Vendor Dive Matrix
     10.3 Competitive Benchmarking
             10.3.1 Product Offering Scorecard (For All 15 Companies)
             10.3.2 Business Strategy & Scorecard (For All 15 Companies)
*Top 15 Companies Analyzed for This Study are – Robert Bosch GmbH, Continental AG, Denso Corporation, Delphi Automotive PLC, Johnson Electric, Mitsubishi Electric Corporation, Borgwarner Inc., Magna International Inc., Aisin Seiki Co. Ltd., Johnson Controls Inc., ZF Friedrichshafen AG, Valeo SA, JTEKT Corp., Hitachi Automotive Systems, Wabco Holding Inc.
     10.4 Market Ranking

11 Company Profiles (Page No. - 174)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     11.1 Robert Bosch GmbH
     11.2 Continental AG
     11.3 Denso Corporation
     11.4 Delphi Automotive PLC 
     11.5 Johnson Electric
     11.6 Mitsubishi Electric Corporation
     11.7 Borgwarner Inc.
     11.8 Magna International Inc.
     11.9 Aisin Seiki Co. Ltd.
     11.10 Johnson Controls Inc.
     11.11 ZF Friedrichshafen AG
     11.12 Valeo SA
     11.13 JTEKT Corporation
     11.14 Hitachi Automotive Systems Ltd.
     11.15 WABCO Holdings Inc.

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 228)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
             12.4.1 Vehicle Electrification Market, By Degree of Hybridization & Country
                       12.4.1.1 Asia-Oceania
                                   12.4.1.1.1 China
                                   12.4.1.1.2 Japan
                                   12.4.1.1.3 South Korea
                                   12.4.1.1.4 India
                       12.4.1.2 Europe
                                   12.4.1.2.1 Germany
                                   12.4.1.2.2 France
                                   12.4.1.2.3 U.K.
                                   12.4.1.2.4 Spain
                       12.4.1.3 North America
                                   12.4.1.3.1 U.S.
                                   12.4.1.3.2 Mexico
                                   12.4.1.3.3 Canada
                       12.4.1.4 Rest of the World
                                   12.4.1.4.1 Russia
                                   12.4.1.4.2 Brazil
             12.4.2 Electric Turbocharger Market, By Region
                       12.4.2.1 Asia-Oceania
                       12.4.2.2 Europe
                       12.4.2.3 North America
                       12.4.2.4 Rest of the World
             12.4.3 Company Information
                       12.4.3.1 Detailed Analysis and Profiling of Additional Market Players (Up to 5)
     12.5 Related Reports
     12.6 Author Details


List of Tables (108 Tables)

Table 1 U.S. Dollar Exchange Rates (Per 1 USD)
Table 2 Electric Vehicle Incentives, By Country
Table 3 Weight Reduction in Key Models
Table 4 Energy Efficient Technologies & Fuel Efficiency Advantages
Table 5 Vehicle Electrification Market, By Product Type, 2015–2022 (‘000 Units)
Table 6 Vehicle Electrification Market, By Product Type, 2015–2022 (USD Million)
Table 7 Start-Stop System Market, By Region, 2015–2022 (‘000 Units)
Table 8 Start-Stop System Market, By Region, 2015–2022 (USD Million)
Table 9 Electric Power Steering (EPS) Market, By Region, 2015–2022 (‘000 Units)
Table 10 Electric Power Steering (EPS) Market, By Region, 2015–2022 (USD Million)
Table 11 Liquid Heater PTC Market, By Region, 2015–2022 (‘000 Units)
Table 12 Liquid Heater PTC Market, By Region, 2015–2022 (USD Million)
Table 13 Electric Air Conditioner Compressor Market, By Region, 2015–2022 (‘000 Units)
Table 14 Electric Air Conditioner Compressor Market, By Region, 2015–2022 (USD Million)
Table 15 Electric Vacuum Pump Market, By Region, 2015–2022 (‘000 Units)
Table 16 Electric Vacuum Pump Market, By Region, 2015–2022 (USD Million)
Table 17 Electric Oil Pump Market, By Region, 2015–2022 (‘000 Units)
Table 18 Electric Oil Pump Market, By Region, 2015–2022 (USD Million)
Table 19 Electric Water Pump Market, By Region, 2015–2022 (‘000 Units)
Table 20 Electric Water Pump Market, By Region, 2015–2022 (USD Million)
Table 21 Starter Motor Market, By Region, 2015–2022 (‘000 Units)
Table 22 Starter Motor Market, By Region, 2015–2022 (USD Million)
Table 23 Alternator Market, By Region, 2015–2022 (‘000 Units)
Table 24 Alternator Market, By Region, 2015–2022 (USD Million)
Table 25 Integrated Starter Generator (ISG) Market, By Region, 2015–2022 (‘000 Units)
Table 26 Integrated Starter Generator (ISG) Market, By Region, 2015–2022 (USD Million)
Table 27 Actuators Market, By Region, 2015–2022 (‘000 Units)
Table 28 Actuators Market, By Region, 2015–2022 (USD Million)
Table 29 Country-Wise Emission Regulations (2010–2017), Enacted vs Proposed
Table 30 Taxation Scheme for Alternate Fuel Vehicles, By Key Countries
Table 31 Vehicle Electrification Market, By Degree of Hybridization, 2015–2022 (‘000 Units)
Table 32 Vehicle Electrification Market, By Degree of Hybridization, 2015–2022 (USD Million)
Table 33 Asia-Oceania: Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (‘000 Units)
Table 34 Asia-Oceania: Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (USD Million)
Table 35 Europe: Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (‘000 Units)
Table 36 Europe: Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (USD Million)
Table 37 North America: Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (‘000 Units)
Table 38 North America: Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (USD Million)
Table 39 RoW: Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (‘000 Units)
Table 40 RoW: Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (USD Million)
Table 41 Asia-Oceania: Market for Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 42 Asia-Oceania: Market for Hybrid Electric Vehicles, By Product, 2015–2022 (USD Million)
Table 43 Europe: Market for Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 44 Europe: Market for Hybrid Electric Vehicles, By Product, 2015–2022 (USD Million)
Table 45 North America: Market for Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 46 North America: Market for Hybrid Electric Vehicles, By Product, 2015–2022 (USD Million)
Table 47 RoW: Market for Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 48 RoW: Market for Hybrid Electric Vehicles, By Product, 2015–2022 (USD Million)
Table 49 Asia-Oceania: Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 50 Asia-Oceania: Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (USD Million)
Table 51 Europe: Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 52 Europe: Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (USD Million)
Table 53 North America: Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 54 North America: Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (USD Million)
Table 55 RoW: Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 56 RoW: Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (USD Thousand)
Table 57 Asia-Oceania: Market for Battery Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 58 Asia-Oceania: Market for Battery Electric Vehicles, By Product, 2015–2022 (USD Thousand)
Table 59 Europe: Market for Battery Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 60 Europe: Market for Battery Electric Vehicles, By Product, 2015–2022 (USD Thousand)
Table 61 North America: Market for Battery Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 62 North America: Market for Battery Electric Vehicles, By Product, 2015–2022 (USD Thousand)
Table 63 RoW: Vehicle Electrification Market for Battery Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 64 RoW: Market for Battery Electric Vehicles, By Product, 2015–2022 (USD Thousand)
Table 65 48V Mild Hybrid Market, By Region, 2015–2025 (‘000 Units)
Table 66 ISO 6722 Norms for Aluminum Wiring
Table 67 Vehicle Electrification Market, By Region, 2015–2022 (‘000 Units)
Table 68 Vehicle Electrification Market, By Region, 2015–2022 (USD Million)
Table 69 Asia-Oceania Vehicle Electrification Market, By Country, 2015–2022 (‘000 Units)
Table 70 Asia-Oceania Vehicle Electrification Market, By Country, 2015–2022 (USD Million)
Table 71 China: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 72 China: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 73 Japan: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 74 Japan: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 75 South Korea: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 76 South Korea: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 77 India: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 78 India: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 79 Rest of Asia-Oceania: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 80 Rest of Asia-Oceania: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 81 Europe Vehicle Electrification Market, By Country, 2015–2022 (‘000 Units)
Table 82 Europe Vehicle Electrification Market, By Country, 2015–2022 (USD Million)
Table 83 Germany: Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 84 Germany: Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 85 France: Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 86 France: Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 87 U.K.: Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 88 U.K.: Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 89 Spain: Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 90 Spain: Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 91 Rest of Europe: Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 92 Rest of Europe: Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 93 North America Market, By Country, 2015–2022 (‘000 Units)
Table 94 North America Market, By Country, 2015–2022 (USD Million)
Table 95 U.S.: Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 96 U.S.: Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 97 Mexico: Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 98 Mexico: Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 99 Canada: Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 100 Canada: Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 101 Rest of the World Market, By Country, 2015–2022 (‘000 Units)
Table 102 Rest of the World Market, By Country, 2015–2022 (USD Million)
Table 103 Brazil: Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 104 Brazil: Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 105 Russia: Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 106 Russia: Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 107 Others: Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 108 Others: Market, By Product & Vehicle Type, 2015–2022 (USD Million)
 
 
List of Figures (62 Figures)
 
Figure 1 Global Vehicle Electrification Market Segmentation
Figure 2 Vehicle Electrification Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Vehicle Electrification Market: Bottom-Up Approach
Figure 6 Data Triangulation
Figure 7 Co2 Emission Targets for European Passenger Car Manufacturers, By OEM (2012–2020)
Figure 8 Asia-Oceania to Have the Largest Market Size for the Vehicle Electrification Market, 2017 vs 2022 (Value)
Figure 9 Electric Power Steering (EPS) to Hold the Largest Market Size in the Market, 2017 vs 2022 (Value)
Figure 10 Passenger Cars to Constitute the Largest Segment of the Market, By Vehicle Type, 2017 vs 2022 (Value)
Figure 11 ICE & Micro-Hybrid Vehicle Segment to Dominate the Market, 2017 vs 2022
Figure 12 Europe is Expected to Lead 48V Mild Hybrid Market With the Largest Market Share (Volume)
Figure 13 Stringent Emission Norms & Fuel Economy Standards to Drive the Vehicle Electrification Market in the Next Five Years
Figure 14 Asia-Oceania to Hold the Largest Share in the Vehicle Electrification Market, 2017 (Value)
Figure 15 U.S. Vehicle Electrification Market to Grow at the Highest Rate During the Forecast Period, 2017–2022 (Value)
Figure 16 Electric Power Steering (EPS) to Have the Largest Market Size During the Forecast Period (Value)
Figure 17 Passenger Cars to Hold the Largest Market Share, 2017 (Value)
Figure 18 ICE & Micro-Hybrid Vehicles are Expected to Have the Largest Market for Vehicle Electrification, 2017 vs 2022 (Value)
Figure 19 Market Segmentations – Vehicle Electrification Market
Figure 20 Vehicle Electrification– Market Dynamics
Figure 21 Light Duty Emission Regulation Scenario, By Key Countries, 2014–2025
Figure 22 Vehicle Production in South East Asian Countries, 2011 vs 2015
Figure 23 Porter’s Five Forces Analysis
Figure 24 Capital-Intensive Nature and High R&D Expenditure of Electric Vehicle Industry to Have the Highest Impact on New Market Entrants
Figure 25 Unavailability of Sufficient Infrastructure & Product Range Lowers the Threat of Substitutes
Figure 26 High Switching Cost and Backward Integration Impacts the Bargaining Power of Suppliers
Figure 27 Limited Number of Substitutes Availability and Lower Volume of Purchases Lead to A Decrease in Buyer Bargaining Power
Figure 28 High Industry Growth Rate and High Exit Barriers Drive the Intensity of Competitive Rivalry
Figure 29 Value Chain Analysis: Vehicle Electrification Market
Figure 30 Vehicle Electrification Market Outlook, By Product Type, By Value
Figure 31 Market, By Degree of Hybridization, 2017 vs 2022
Figure 32 Hybrid Technology
Figure 33 Vehicle Electrification With Potential Fuel Savings
Figure 34 Need for 48V Architecture
Figure 35 Overview of Emission Regulation for Passenger Cars
Figure 36 Overview of Emission Regulation for Light Commercial Vehicles
Figure 37 48V Mild Hybrid Market, By Region
Figure 38 Load Distribution of 12V/48V Architecture
Figure 39 Region-Wise Snapshot of the Vehicle Electrification Market, 2017, (Value): Asia-Oceania Accounts for the Largest Market Share
Figure 40 Asia-Oceania: Market Snapshot
Figure 41 Asia-Oceania Market & Market Share, By Vehicle Type (Value)
Figure 42 Europe Market, By Vehicle Type (Value)
Figure 43 North America: Market Snapshot
Figure 44 North America Market, By Vehicle Type (Value), 2017 vs 2022
Figure 45 RoW Market, By Vehicle Type (Value), 2017 vs 2022
Figure 46 Vehicle Electrification Market: Vendor Dive Analysis
Figure 47 Vehicle Electrification Market Ranking, 2017
Figure 48 Robert Bosch GmbH: Company Snapshot
Figure 49 Continental AG : Company Snapshot
Figure 50 Denso Corporation: Company Snapshot
Figure 51 Delphi Automotive PLC: Company Snapshot
Figure 52 Johnson Electric: Company Snapshot
Figure 53 Mitsubishi Electric Corporation: Company Snapshot
Figure 54 Borgwarner Inc.: Company Snapshot
Figure 55 Magna International Inc.: Company Snapshot
Figure 56 Aisin Seiki Co. Ltd.: Company Snapshot
Figure 57 Johnson Controls Inc.: Company Snapshot
Figure 58 ZF Friedrichshafen AG : Company Snapshot
Figure 59 Valeo SA: Company Snapshot
Figure 60 JTEKT Corporation: Company Snapshot
Figure 61 Hitachi Automotive Systems Ltd.: Company Snapshot
Figure 62 WABCO Holdings Inc.: Company Snapshot


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