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 2027

Report Code: AT 2839 Jun, 2019, by marketsandmarkets.com
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The vehicle electrification market is projected to reach USD 167.8 billion by 2027 at a CAGR of 9.1%. The increasingly stringent emission control norms, growing environmental concerns, and technological advancements 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 with through vehicle electrification. Therefore, the 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.

The trend of vehicle electrification is replacing the power source of mechanically powered automotive systems and components by electric motors, microprocessors, sensors, and actuators. This trend of vehicle electrification is as a result of the fluctuating cost of conventional fuels and growing environmental concerns, which has resulted in regulations with decreased limits in tail-pipe emissions and increased fuel efficiency limits.

Vehicle Electrification Market

By vehicle type, the passenger car segment is expected to lead the market during the forecast period.

By vehicle type, the passenger car segment is estimated to dominate the vehicle electrification market owing to its largest share in vehicle production all over the world. Asia Oceania also happens to be one of the largest vehicle electrification markets for passenger cars. Electrification in the passenger car is high owing to stringent emission regulations and fuel economy standards and the adoption of 48V architecture.

By product type, the electric air conditioner compressor segment is expected to grow at the highest CAGR

The market for the electric air conditioner compressor is projected to grow at the highest CAGR during the forecast period. Today, electric air conditioner compressors are used in almost all-electric vehicles and many types of hybrid vehicles. Hence the market will be driven by the growth in demand for electric and hybrid vehicles.

By degree of hybridization, the ICE(internal combustion engine) vehicle segment is expected to lead the market.

The ICE vehicle segment is expected to be the largest market in terms of volume. In a micro-hybrid vehicle, the electric motor is equipped with an internal combustion engine. It helps to shut down the engine when the vehicle is braked or stopped. The electric motor replaces a conventional starter and alternator. It helps to reduce fuel consumption and improve fuel economy. In terms of market size, the ICE vehicle is projected to be the largest market for vehicle electrification.

Asia Oceania is expected to lead the market during the forecast period.

The Asia Oceania region 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 upcoming stringent government regulations in countries such as China and India are expected to drive growth in the region. China is accelerating its implementation of vehicle emission standards. These factors will boost the vehicle electrification market in the region.

The North American vehicle electrification market has a very positive outlook, owing to effective infrastructure and tax exemption, subsidies, and special facilities provided by governments of different countries in the region. The US dominates the North American vehicle electrification market. As US has the presence of major OEMs and Tier 1 players, adoption of electric components in ICE, BEV, HEV and PHEV is very high.

Market Dynamics

Driver: The 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 significant 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.

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: Use of alternate materials for overall weight reduction to open new avenues in electric vehicle technologies

With the increased demand for hybrid and electric vehicles, manufacturers are facing new concerns over the change in the driveline from conventional to electric mode and reduction in transmission loss and battery performance. Vehicle weight reduction is one of the preferred methods to overcome this concern and meet the new emission targets with fuel economy standards. OEMs and Tier I suppliers are working on the development of components and systems that are lighter and more efficient by either using lightweight materials or engine downsizing for HEVs or PHEVs.

In the case of electric and hybrid driveline technologies, with the availability and cost reduction of power electronics, sophisticated control algorithms can be performed, which ultimately improves vehicle efficiency. Also, with the availability of lightweight materials such as Neodymium Magnets (NdFeB) or soft magnetic compounds, the motor weight can be reduced, which would further improve efficiency.

The e-drive unit eliminates mechanical interfaces and provides high power density. For instance, GKN has introduced the integrated e-drive unit. This unit has replaced the external wiring and additional mechanical interfaces. It offers all-wheel-drive systems, which have also resulted in better fuel efficiency. Thus, the growing stringency of fuel economy and emission norms has resulted in the invention and introduction of new lightweight components for electric vehicles, which would drive the electric and hybrid vehicle market, thereby driving the vehicle electrification market.

Challenge: Developing fail-safe electronic and electrical components

Electric vehicles signify the introduction of advanced technologies along with electrical 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.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2027

Historical Data

2017

Base year considered

2018

Forecast period

2019–2027

Forecast units

USD Billion

Segments covered

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

Geographies covered

Asia Oceania, Europe, North America, RoW

Companies covered

Key market players including, Bosch (Germany), Continental (Germany), Denso (Japan), Delphi (UK), and Valeo (France).

The research report categorizes the Vehicle Electrification Market to forecast the revenues and analyze the trends in each of the following sub-segments:

By Product Type

  • Start-stop
  • Electric Power Steering (EPS)
  • Liquid heater Ptc
  • Electric Air conditioner Compressor
  • Electric vacuum pump
  • Electric oil pump
  • Electric water pump
  • Starter motor
  • Alternator
  • Integrated Starter Generator (ISG)
  • Actuator

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Truck
  • Bus

By 48V Vehicle Market Region

  • Asia Oceania
  • Europe
  • North America
  • Rest Of The World

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 vehicle

By Region

  • Asia Oceania
  • Europe
  • North America
  • Rest of the World

Key Market Players

Bosch (Germany), Continental (Germany), Denso (Japan), Delphi (UK), and Valeo (France)

Recent Developments

  • In October 2017, Denso expanded its presence in the US with an investment of USD 1 billion in its Maryville, Tennessee location with a particular focus on vehicle electrification.
  • In June 2017, GKN expanded its European eDrive production facility in Bruneck, Italy to meet the demand for e-drive.
  • In April 2017, ZF expanded its development center in China for further growth in the Asian market. The development center focuses on driveline and chassis technology with prime focus on E-mobility solutions.
  • In March 2017, Delphi announced its plans to expand its Delphi Electronics technical center located in the Suzhou Industrial Park, China. The facility will have a land area of 8,000 square meters and able to accommodate a total of 800 engineers. The center will mainly develop infotainment systems, human-machine interface technologies, active safety systems, and body electronics systems.

Critical questions the report answers:

  • Which level of vehicle hybridization is going to dominate the market in the future?
  • Which electric components will lead the market for vehicle electrification in the near future?
  • What could be the market size of vehicle electrification products?
  • How are industry players addressing the challenge of maintaining a balance between performance and low-cost electric components?

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

Table of Contents

1 Introduction (Page No. - 19)
    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. - 23)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources for Vehicle Production
           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 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
    2.6 Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 35)
    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. - 39)
    5.1 Introduction
    5.2 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
           5.2.2 Restraints
                    5.2.2.1 Difficulty in Achieving and Maintaining Optimum Power-To-Weight Ratio
                    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 Revenue Missed: Opportunities for Electric Vehicle Manufacturers
    5.4 Automotive Glass Market - Scenarios
           5.4.1 Pessimistic
           5.4.2 Most Likely
           5.4.3 Optimistic
    5.5 Average Selling Price (ASP) Analysis

6 Industry Trend (Page No. - 45)
    6.1 Introduction
    6.2 Company vs Product
    6.3 48 V Hybrid Architecture
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry

7 48 V Vehicle (Page No. - 53)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
    7.1 Introduction
           7.1.1 Research Methodology
           7.1.2 Assumptions
           7.1.3 Industry Insights
    7.2 Need for 48v Architecture
    7.3 48v Mild Hybrid Market, By Region
           7.3.1 Europe is Estimated to Be the Largest Market
    7.4 Impact of 48v Architecture

8 Vehicle Electrification Market, By Product Type (Page No. - 59)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
    8.1 Introduction
           8.1.1 Research Methodology
           8.1.2 Assumptions
           8.1.3 Industry Insights
    8.2 Start-Stop
           8.2.1 Asia Oceania is Projected to Be the Fastest Growing Market
    8.3 Electric Power Steering (EPS)
           8.3.1 Asia Oceania is Estimated to Be the Largest Market
    8.4 Liquid Heater PTC
           8.4.1 North American Market is Expected to Be the Second Largest
    8.5 Electric Air Conditioner Compressor
           8.5.1 North America is Project to Be the Fastest Growing Market Over the Forecast Period
    8.6 Electric Vacuum Pump
           8.6.1 The Asia Oceania Market for Electric Vacuum Pump is Estimated to Be the Largest Market
    8.7 Electric Oil Pump
           8.7.1 RoW is Projected to Be the Fastest Growing Market Over the Forecast Period
    8.8 Electric Water Pump
           8.8.1 North America is Projected to Be the Fastest Growing Market Over the Forecast Period
    8.9 Starter Motor
           8.9.1 Asia Oceania is Estimated to Be the Largest Market
    8.10 Alternator
           8.10.1 Asia Oceania is Estimated to Be the Largest Market
    8.11 Integrated Starter Generator (ISG)
           8.11.1 Europe Market is Estimated to Be the Second Largest
    8.12 Actuator
           8.12.1 Asia Oceania is Projected to Be the Fastest Growing Market Over the Forecast Period

9 Vehicle Electrification Market, By Vehicle Type (Page No. - 77)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
    9.1 Introduction
           9.1.1 Research Methodology
           9.1.2 Assumptions
           9.1.3 Industry Insights
    9.2 Passenger Car
           9.2.1 Passenger Car Leads the Vehicle Electrification Market Owing to Its High Production in Asia Oceania
    9.3 Light Commercial Vehicle (LCV)
           9.3.1 LCV has the Prominent Market Share With Its Increasing Usage in US, China, and India
    9.4 Truck
    9.5 Bus

10 Vehicle Electrification Market, By Degree of Hybridization (Page No. - 77)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America and RoW
     10.1 Introduction
             10.1.1 Research Methodology
             10.1.2 Assumptions
             10.1.3 Industry Insights
     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
     10.3 Hybrid Electric Vehicle (HEV)
             10.3.1 RoW is Expected to Be the Fastest Growing Market During the Forecast Period
     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
     10.5 Battery Electric Vehicle (BEV)
             10.5.1 North America is Projected to Be the Largest Market During the Forecast Period
     10.6 48 V Vehicle
             10.6.1 Europe is Expected to Be the Largest Market, in Terms of Volume

11 Vehicle Electrification Market, By Region (Page No. - 97)
The Chapter is Further Segmented at Regional and Country Level By Product Type and Considered Products are Start Stop, Electric Power Steering, Electric Air-Conditioned Compressor, Electric Oil Pump, Electric Vacuum Pump, Electric Water Pump, Integrated Starter Generator, Liquid Heater PTC, Starter, Alternator, Actuator.
     11.1 Introduction
             11.1.1 Research Methodology
             11.1.2 Assumptions
             11.1.3 Industry Insights
     11.2 Asia Oceania
             11.2.1  Vehicle Electrification Market, By 48v Vehicle
             11.2.2  Vehicle Electrification Market, By Product Type
             11.2.3  Vehicle Electrification Market, By Vehicle Type
             11.2.4  Vehicle Electrification Market, By Hybridization
             11.2.5  Vehicle Electrification Market, By Region
                        11.2.5.1 China
                                     11.2.5.1.1 China Vehicle Production, By Vehicle Type (2012-2016)
                        11.2.5.2 Japan
                                     11.2.5.2.1 Japan Vehicle Production, By Vehicle Type (2012-2016)
                        11.2.5.3 South Korea
                                     11.2.5.3.1 South Korea Vehicle Production, By Vehicle Type (2012-2016)
                        11.2.5.4 India
                                     11.2.5.4.1  India Vehicle Production, By Vehicle Type (2012-2016)
                        11.2.5.5 Thailand
                                     11.2.5.5.1  Thailand Vehicle Production, By Vehicle Type (2012-2016)
                        11.2.5.6 Indonesia
                                     11.2.5.6.1  Indonesia Vehicle Production, By Vehicle Type (2012-2016)
                        11.2.5.7 Rest of Asia Oceania
                                     11.2.5.7.1  Electric Power Steering is Expected to Hold the Second Largest Market
     11.3 Europe
             11.3.1  Vehicle Electrification Market, By 48v Vehicle
             11.3.2  Vehicle Electrification Market, By Product Type
             11.3.3  Vehicle Electrification Market, By Vehicle Type
             11.3.4  Vehicle Electrification Market, By Hybridization
             11.3.5  Vehicle Electrification Market, By Region
                        11.3.5.1 Germany
                                     11.3.5.1.1 Germany Vehicle Production, By Vehicle Type (2012-2016)
                        11.3.5.2 France
                                     11.3.5.2.1 France Vehicle Production, By Vehicle Type (2012-2016)
                        11.3.5.3 UK
                                     11.3.5.3.1 UK Vehicle Production, By Vehicle Type (2012-2016)
                        11.3.5.4 Spain
                                     11.3.5.4.1  Spain Vehicle Production, By Vehicle Type (2012-2016)
                        11.3.5.5 Italy
                                     11.3.5.5.1  Italy Vehicle Production, By Vehicle Type (2012-2016)
                        11.3.5.6 Russia
                                     11.3.5.6.1  Russia Vehicle Production, By Vehicle Type (2012-2016)
                        11.3.5.7 Rest of Europe
                                     11.3.5.7.1 Electric Power Steering is Expected to Hold the Largest Market
     11.4 North America
             11.4.1  Vehicle Electrification Market, By 48v Vehicle
             11.4.2  Vehicle Electrification Market, By Product Type
             11.4.3  Vehicle Electrification Market, By Vehicle Type
             11.4.4  Vehicle Electrification Market, By Hybridization
             11.4.5  Vehicle Electrification Market, By Region
                        11.4.5.1 US
                                     11.4.5.1.1 US Vehicle Production, By Vehicle Type (2012-2016)
                        11.4.5.2 Canada
                                     11.4.5.2.1 Canada Vehicle Production, By Vehicle Type (2012-2016)
                        11.4.5.3 Mexico
                                     11.4.5.3.1 Mexico Vehicle Production, By Vehicle Type (2012-2016)
     11.5 RoW
             11.5.1  Vehicle Electrification Market, By 48v Vehicle
             11.5.2  Vehicle Electrification Market, By Product Type
             11.5.3  Vehicle Electrification Market, By Vehicle Type
             11.5.4  Vehicle Electrification Market, By Hybridization
             11.5.5  Vehicle Electrification Market, By Region
                        11.5.5.1 Brazil
                                     11.5.5.1.1 Brazil Vehicle Production, By Vehicle Type (2012-2016)
                        11.5.5.2 South Africa
                                     11.5.5.2.1 South Africa Vehicle Production, By Vehicle Type (2012-2016)
                        11.5.5.3 Rest of RoW
                                     11.5.5.3.1 Rest of RoW Vehicle Production, By Vehicle Type (2012-2016)

12 Competitive Landscape (Page No. - 114)
     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
     12.3 Competitive Benchmarking
             12.3.1 Product Offering Scorecard (For All 15 Companies)
             12.3.2 Business Strategy & Scorecard (For All 15 Companies)
     12.4 Market Ranking
     12.5 Competitive Scenario
             12.5.1 Expansion
             12.5.2 Supply Contracts
             12.5.3 New Product Launches/Developments
             12.5.4 Partnership/Joint Ventures
             12.5.5 Mergers/Acquisition

13 Company Profiles (Page No. - 147)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 Bosch
             13.1.1 Business Overview
             13.1.2 Product Portfolio
             13.1.3 Recent Developments
             13.1.4 SWOT Analysis
             13.1.5 MnM View
     13.2 Continental
             13.2.1 Business Overview
             13.2.2 Product Portfolio
             13.2.3 Recent Developments
             13.2.4 SWOT Analysis
             13.2.5 MnM View
     13.3 Denso
             13.3.1 Business Overview
             13.3.2 Product Portfolio
             13.3.3 Recent Developments
             13.3.4 SWOT Analysis
             13.3.5 MnM View
     13.4 Delphi
             13.4.1 Business Overview
             13.4.2 Product Portfolio
             13.4.3 Recent Developments
             13.4.4 SWOT Analysis
             13.4.5 MnM View
     13.5 Mitsubishi
             13.5.1 Business Overview
             13.5.2 Product Portfolio
             13.5.3 Recent Developments
             13.5.4 SWOT Analysis
             13.5.5 MnM View
     13.6 Borgwarner
             13.6.1 Business Overview
             13.6.2 Product Portfolio
             13.6.3 Recent Developments
     13.7 Johnson Electric
             13.7.1 Business Overview
             13.7.2 Product Portfolio
             13.7.3 Recent Developments
     13.8 Magna
             13.8.1 Business Overview
             13.8.2 Product Portfolio
             13.8.3 Recent Developments
     13.9 Aisin Seiki
             13.9.1 Business Overview
             13.9.2 Product Portfolio
             13.9.3 Recent Developments
     13.10 Johnson Controls
             13.10.1 Business Overview
             13.10.2 Product Portfolio
             13.10.3 Recent Developments
     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)

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 175)
     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


List of Tables (149 Tables)

Table 1 Currency Exchange Rates (Per USD)
Table 2 Top HEV & PHEV Models With Advanced Technologies and Sales
Table 3 Battery Type vs Power-To-Weight Ratio
Table 4 Power Output-To-Vehicle Weight
Table 5 Company vs Product, 2017-2019
Table 6 48v Mild Hybrid Market, By Region, 2015–2025 (000’ Units)
Table 7 48v Mild Hybrid Market, By Region, 2017–2027 (USD Million)
Table 8 48v Mild Hybrid Market, By Product, 2017–2027 (USD Million)
Table 9 ISO 7722 Norms for Aluminum Wiring
Table 10 Energy Efficient Technologies & Fuel Efficiency Advantages
Table 11 Vehicle Type vs Product, 2017-2019
Table 12 Vehicle Electrification Market, By Product Type, 2017–2027 (Million Units)
Table 13 Vehicle Electrification Market, By Product Type, 2017–2027 (USD Million)
Table 14 Start-Stop System: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 15 Start-Stop System: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 16 Electric Power Steering (EPS): Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 17 Electric Power Steering (EPS): Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 18 Liquid Heater PTC: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 19 Liquid Heater PTC: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 20 Electric Air Conditioner Compressor: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 21 Electric Air Conditioner Compressor: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 22 Electric Vacuum Pump: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 23 Electric Vacuum Pump: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 24 Electric Oil Pump: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 25 Electric Oil Pump: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 26 Electric Water Pump: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 27 Electric Water Pump: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 28 Starter Motor: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 29 Starter Motor: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 30 Alternator Market: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 31 Alternator Market: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 32 Integrated Starter Generator (ISG): Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 33 Integrated Starter Generator (ISG): Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 34 Actuator Market: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 35 Actuator Market: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 36 Vehicle Electrification Market, By Vehicle Type, 2017–2027 (Million Units)
Table 37 Vehicle Electrification Market, By Vehicle Type, 2017–2027 (USD Million)
Table 38 Passenger Car: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 39 Passenger Car: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 40 Passenger Car: Vehicle Electrification Market, By Degree of Hybridization, 2017–2027 (Million Units)
Table 41 Passenger Car: Vehicle Electrification Market, By Degree of Hybridization, 2017–2027 (USD Billion)
Table 42 LCV: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 43 LCV: Vehicle Electrification Market, By Region, 2017–2027 (USD Billion)
Table 44 Truck: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 45 Truck: Vehicle Electrification Market, By Region, 2017–2027 (USD Billion)
Table 46 Bus: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 47 Bus: Vehicle Electrification Market, By Region, 2017–2027 (USD Billion)
Table 48 Vehicle Type vs Product, 2017-2019
Table 49 Vehicle Electrification Market, By Degree of Hybridization, 2017–2027 (Million Units)
Table 50 Vehicle Electrification Market, By Degree of Hybridization, 2017–2027 (USD Million)
Table 51 ICE & Micro Hybrid: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 52 ICE & Micro Hybrid: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 53 Hybrid Electric Vehicle: Vehicle Electrification Market, By Region, 2017–2027 Million Units)
Table 54 Hybrid Electric Vehicle: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 55 Plug-In Hybrid Vehicle: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 56 Plug-In Hybrid Vehicle: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 57 Battery Electric Vehicle: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 58 Battery Electric Vehicle: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 59 48 V Vehicle: Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 60 48 V Vehicle: Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 61 Vehicle Electrification Market, By Region, 2017–2027 (Million Units)
Table 62 Vehicle Electrification Market, By Region, 2017–2027 (USD Million)
Table 63 Asia Oceania Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 64 Asia Oceania: Vehicle Electrification Market, By Country, 2017–2027 (Million Units)
Table 65 Asia Oceania Vehicle Electrification Market, By Country, 2017–2027 (USD Million)
Table 66 China Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 67 China: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 68 China: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 69 Japan Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 70 Japan: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 71 Japan: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 72 South Korea Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 73 South Korea: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 74 South Korea: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 75 India Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 76 India: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 77 India: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 78 Thailand Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 79 Thailand: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 80 Thailand: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 81 Rest of Asia Oceania: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 82 Rest of Asia Oceania: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 83 Europe Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 84 Europe: Vehicle Electrification Market, By Country, 2017–2027 (Million Units)
Table 85 Europe: Vehicle Electrification Market, By Country, 2017–2027 (USD Million)
Table 86 Germany Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 87 Germany: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 88 Germany: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 89 France Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 90 France: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 91 France: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 92 UK Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 93 UK: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 94 UK: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 95 Spain Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 96 Spain: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 97 Spain: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 98 Italy Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 99 Italy: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 100 Italy: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 101 Russia Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 102 Russia: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 103 Russia: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 104 Turkey Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 105 Turkey: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 106 Turkey: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 107 Rest of Europe: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 108 Rest of Europe: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 109 North America Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 110 North America: Vehicle Electrification Market, By Country, 2017–2027 (Million Units)
Table 111 North America: Vehicle Electrification Market, By Country, 2017–2027 (USD Million)
Table 112 US Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 113 US: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 114 US: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 115 Canada Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 116 Canada: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 117 Canada: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 118 Mexico Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 119 Mexico: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 120 Mexico: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 121 RoW Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 122 RoW: Vehicle Electrification Market, By Country, 2017–2027 (Million Units)
Table 123 RoW: Vehicle Electrification Market, By Country, 2017–2027 (USD Million)
Table 124 Brazil Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 125 Brazil: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 126 Brazil: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 127 Russia Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 128 Russia: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 129 Russia: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 130 South Africa Vehicle Production, By Vehicle Type, 2012-2016 (Units)
Table 131 South Africa: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 132 South Africa: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 133 Rest of RoW: Vehicle Electrification Market, By Product, 2017–2027 (Million Units)
Table 134 Rest of RoW: Vehicle Electrification Market, By Product, 2017–2027 (USD Million)
Table 135 Expansions, 2015–2017
Table 136 Supply Contract, 2015–2017
Table 137 New Product Launches/Developments, 2017–2017
Table 138 Partnership/Joint Ventures, 2017–2017
Table 139 Mergers/Acquisition, 2015–2017
Table 140 Bosch: Recent Developments
Table 141 Continental: Recent Developments
Table 142 Denso: Recent Developments
Table 143 Delphi: Recent Developments
Table 144 Mitsubishi: Recent Developments
Table 145 Borgwarner: Recent Developments
Table 146 Johnson Electric: Recent Developments
Table 147 Magna: Recent Developments
Table 148 Aisin Seiki: Recent Developments
Table 149 Johnson Controls: Recent Developments


List of Figures (58 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 Data Triangulation
Figure 6 Vehicle Electrification Market: Market Outlook
Figure 7 Vehicle Electrification Market, By Region, 2019 vs 2024 vs 2027 (USD Billion)
Figure 8 Stringent Emission Norms & Fuel Economy Standards to Drive the Vehicle Electrification Market in the Next 5 Years
Figure 9 Asia Oceania to Hold the Largest Share in the Vehicle Electrification Market, 2019 (Value)
Figure 10 US Vehicle Electrification Market to Grow at the Highest Rate During the Forecast Period, 2019–2027 (Value)
Figure 11 Electric Power Steering (EPS) to have the Largest Market Size During the Forecast Period (Value)
Figure 12 Passenger Car Segment to Hold the Largest Market Share, 2019 (Value)
Figure 13 ICE & Micro-Hybrid Vehicles are Expected to have the Largest Market for Vehicle Electrification, 2019 vs 2027 (Value)
Figure 14 Vehicle Electrification Market: Market Dynamics
Figure 15 Vehicle Electrification With Potential Fuel Savings
Figure 16 Porter’s Five Forces Analysis
Figure 17 Capital-Intensive Nature and High R&D Expenditure of Electric Vehicle Industry to have the Highest Impact on New Market Entrants
Figure 18 Unavailability of Sufficient Infrastructure and Product Range Lowers the Threat of Substitutes
Figure 19 High Switching Cost and Backward Integration Impacts the Bargaining Power of Suppliers
Figure 20 Limited Number of Substitutes and Lower Volume of Purchases Lead to A Decrease in Buyer Bargaining Power
Figure 21 High Industry Growth Rate and Exit Barriers Drive the Intensity of Competitive Rivalry
Figure 22 48v Mild Hybrid Market, By Region
Figure 23 Load Distribution of 12v/48v Architecture
Figure 24 Cable Thickness vs Maximum Power
Figure 25 Primary Insight
Figure 26 Vehicle Electrification Market Outlook, By Product Type, By Value, 2019 vs 2027
Figure 27 Primary Insight
Figure 28 Vehicle Electrification Market, By Vehicle Type, 2019 vs 2027 (USD Million)
Figure 29 Vehicle Electrification Market, By Degree of Hybridization, 2017 vs 2027
Figure 30 Primary Insight
Figure 31 Hybrid Technology
Figure 32 Research Methodology
Figure 33 Primary Insight
Figure 34 Region-Wise Snapshot of the Vehicle Electrification Market (Value): Asia Oceania Accounts for the Largest Market Share, 2019 vs 2027
Figure 35 Asia Oceania: Vehicle Electrification Market Snapshot
Figure 36 Asia Oceania: Vehicle Electrification Market, 2019 vs 2027 (USD Million)
Figure 37 Europe: Vehicle Electrificatin Market Snapshot
Figure 38 Europe: Vehicle Electrification Market, 2019 vs 2027 (USD Million)
Figure 39 North America: Vehicle Electrification Market, 2019 vs 2027 (USD Million)
Figure 40 RoW: Vehicle Electrification Market, 2019 vs 2027 (USD Million)
Figure 41 Vehicle Electrification Market: Vendor Dive Analysis
Figure 42 Vehicle Electrification Market Ranking, 2017
Figure 43 Companies Adopted Expansions as the Key Growth Strategy, 2014–2019
Figure 44 Bosch: Company Snapshot
Figure 45 Bosch: SWOT Analysis
Figure 46 Continental: Company Snapshot
Figure 47 Continental: SWOT Analysis
Figure 48 Denso: Company Snapshot
Figure 49 Denso: SWOT Analysis
Figure 50 Delphi: Company Snapshot
Figure 51 Mitsubishi: Company Snapshot
Figure 52 Mitsubishi: SWOT Analysis
Figure 53 Borgwarner: Company Snapshot
Figure 54 Borgwarner: SWOT Analysis
Figure 55 Johnson Electric: Company Snapshot
Figure 56 Magna: Company Snapshot
Figure 57 Aisin Seiki: Company Snapshot
Figure 58 Johnson Control: Company Snapshot

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, number of plants and upcoming plants, average length of the conveyor, and average selling price of the conveyor.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the 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.

Market Size Estimation

The bottom-up approach has been used to estimate and validate the size of the global 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 market. Similar methodology has been followed for 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.

Objectives of the Study:

  • To analyze and forecast the market size, in terms of volume (million units) and value (USD million), of the market
  • To define, describe, and project the 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 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 market by region (Asia Oceania, North America, Europe, and Rest of the World)
  • To define, describe, and project the market by vehicle type (passenger car and LCV)
  • To understand the market dynamics, and the impact of market dynamics on the market, market ranking analysis of key vehicle electrification suppliers, and profiles of the top 15 vehicle electrification components suppliers

Vehicle Electrification Market Report

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

Research Design:

Vehicle Electrification Market Research Design

Research Resource Matrix:

Outlook

PRIMARY RESEARCH

SECONDARY RESEARCH

  • Demand Side

Interviews with:

  • Purchase managers of automotive OEMS and Tier I companies
  • R&D managers of automotive OEMS and Tier I companies
  • The International Council on clean transportation (ICCT)
  • International Organization of Motor Vehicle Manufacturers (OICA)
  • The U.S Environmental Protection Agency (U.S. EPA)
  • World Electric Vehicle Organization (WEVO)
  • Annual reports, presentations, websites, and press releases of top players, news articles, journals, and databases
  • Supply Side

Interviews with:

  • CEOS and Vice Presidents
  • Marketing Directors
  • Technology and innovation directors, and related executives from key companies and organizations operating in the vehicle electrification market.

Market Analysis Matrix:

Qualitative analysis

Quantitative analysis

  • Analysis of the global Vehicle Electrification Market on the basis of product type, degree of hybridization, architecture, and region
  • Analysis and impact of the 48v architecture
  • Identification and analysis of the major factors influencing the market growth(drivers, restraints, opportunities, and challenges)
  • Porters Five Forces Analysis
  • Strategic analysis of markets with respect to individual growth trends, future prospects, and contribution to the total market
  • Analysis of market dynamics and its impact on the market, key vehicle electrification suppliers, and profiles of the top 15 vehicle electrification components suppliers.
  • Competitive benchmarking analysis

 

  • Overall Market Size and Forecast till 2027
  • Market size and Forecast till 2027, By Product Type(Start-Stop, Electric Power Steering, Liquid Heater PTC, Electric Air Conditioner Compressor, Electric Vacuum Pump, Electric Oil Pump, Electric Water Pump, Starter Motor, Alternator, Integrated Starter Generator, Actuator)
  • Market size and Forecast till 2027, By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV))
  • Market size and Forecast till 2027, By Degree of Hybridization (Internal Combustion Engine ICE & Micro-Hybrid Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV), 48V Vehicle)
  • Geographic Market Revenue Forecast, By Product Type at Regional and Country Level
  • Geographic Market Revenue Forecast, By Vehicle Type at Regional and Country Level
  • Geographic Market Revenue Forecast, By Degree of Hybridization, at Regional and Country Level

The vehicle electrification market consists of vehicle electrification technology suppliers such as Bosch (Germany), Continental (Germany), Denso (Japan), Delphi (UK), and Johnson Electric (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.

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

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
    Report Code
    AT 2839
    Published ON
    Jun, 2019
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