HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: AT 2839

 

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The vehicle electrification market is driven by factors such as stringent emission and fuel efficiency regulations across the globe. Increasing demand for passenger cars across the globe is also boosting the vehicle electrification market. With the 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 grow at a CAGR of 8.17% during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017 to 2022.

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, electric water pump, liquid heater PTC, integrated starter generator, starter motor and alternator, and 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 E-Axle market for electric vehicles (EV) by region (Asia-Oceania, North America, Europe, and Rest of the World)
  • To define, describe, and project the E-Booster market for electric vehicles (EV) by region (Asia-Oceania, North America, Europe, and Rest of the World)
  • 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 and top-down approaches to estimate the country-level use of vehicle electrification, by product type and degree of hybridization. The forecast of this data is based on various secondary sources and validation of the same from primary respondents. The 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.), and Johnson Electric (Hong Kong). The vehicle electrification components are supplied to major OEMs in the automotive industry such as Volkswagen (Germany), Toyota Motor Corporation (Japan), 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

Scope of the Report

  • 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)
  • E-Axle Market for Electric Vehicles (EV), By Region
    • Asia-Oceania
    • Europe
    • North America
    • ROW
  • E-Booster Market for Electric Vehicles (EV), By Region
    • Asia-Oceania
    • Europe
    • North America
    • ROW
  • 48V Mild-Hybrid Market
  • Vehicle Electrification Market, By Region
    • Asia-Oceania
    • Europe
    • North America
    • ROW

Available Customizations

  • Vehicle Electrification Market, By Degree Of Hybridization & Country
    • Asia-Oceania
      • China
      • Japan
      • South Korea
      • India
    • Europe
      • Germany
      • France
      • U.K.
      • Spain
    • North America
      • U.S.
      • Mexico
      • Canada
    • Rest of the World
      • Russia
      • 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)

Table of Contents

1 Introduction (Page No. - 21)
    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. - 25)
    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. - 36)
    3.1 Introduction
           3.1.1 Vehicle Electrification Market, By Region
           3.1.2 Vehicle Electrification Market, By Product
           3.1.3 Vehicle Electrification Market, By Vehicle Type
           3.1.4 Vehicle Electrification Market, By Degree of Hybridization
           3.1.5 48v Mild Hybrid Market, By Region

4 Premium Insights (Page No. - 43)
    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. - 48)
    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. - 61)
    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. - 77)
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 E-Axle Market for Electric Vehicles, By Region (Page No. - 109)
    8.1 Introduction
           8.1.1 Working of E-Drive
           8.1.2 Growth of Driveline Systems
    8.2 Key Developments, By Key Manufacturers
    8.3 Impact of 48v Architecture on the Growth of E-Axle Technology
    8.4 E-Axle Market for Electric Vehicles, By Region

9 E-Booster Market for Electric Vehicles, By Region (Page No. - 113)
    9.1 Introduction
    9.2 Key Developments, By Key Manufacturers
    9.3 E-Booster Market for Electric Vehicles, By Region

10 48v Mild Hybrid Market, By Region (Page No. - 118)
     10.1 Introduction
     10.2 Need for 48v Architecture
     10.3 48v Mild Hybrid Market, By Region
     10.4 Impact of 48v Architecture
             10.4.1 on Vehicle Electrical Systems
     10.5 Impact of 48v Architecture on Chemical Compositions of Air Conditioners & Oil Pumps
             10.5.1 on Chemical Composition of Air Conditioners & Oil Pumps

11 Vehicle Electrification Market, By Vehicle Type & By Country (Page No. - 125)
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
     11.1 Introduction
     11.2 Vehicle Electrification Market, By Region
     11.3 Asia-Oceania Vehicle Electrification Market, By Vehicle Type & Country
             11.3.1 Asia-Oceania Vehicle Electrification Market, By Country
             11.3.2 China: Vehicle Electrification Market, By Product & Vehicle Type
             11.3.3 Japan: Vehicle Electrification Market, By Product & Vehicle Type
             11.3.4 South Korea: Vehicle Electrification Market, By Product & Vehicle Type
             11.3.5 India: Vehicle Electrification Market, By Product & Vehicle Type
             11.3.6 Rest of Asia-Oceania: Vehicle Electrification Market, By Product & Vehicle Type
     11.4 Europe Vehicle Electrification Market, By Vehicle Type & Country
             11.4.1 Europe Vehicle Electrification Market, By Country
             11.4.2 Germany: Vehicle Electrification Market, By Product & Vehicle Type
             11.4.3 France: Vehicle Electrification Market, By Product & Vehicle Type
             11.4.4 U.K.: Vehicle Electrification Market, By Product & Vehicle Type
             11.4.5 Spain: Vehicle Electrification Market, By Product & Vehicle Type
             11.4.6 Rest of Europe: Vehicle Electrification Market, By Product & Vehicle Type
     11.5 North America Vehicle Electrification Market, By Vehicle Type & Country
             11.5.1 North America Vehicle Electrification Market, By Country
             11.5.2 U.S.: Vehicle Electrification Market, By Product & Vehicle Type
             11.5.3 Mexico: Vehicle Electrification Market, By Product & Vehicle Type
             11.5.4 Canada: Vehicle Electrification Market, By Product & Vehicle Type
     11.6 Rest of the World Vehicle Electrification Market, By Vehicle Type & Country
             11.6.1 Rest of the World Vehicle Electrification Market, By Country
             11.6.2 Brazil: Vehicle Electrification Market, By Product & Vehicle Type
             11.6.3 Russia: Vehicle Electrification Market, By Product & Vehicle Type
             11.6.4 Others: Vehicle Electrification Market, By Product & Vehicle Type

12 Competitive Landscape (Page No. - 181)
     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)
*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.
     12.4 Market Ranking

13 Company Profiles (Page No. - 186)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     13.1 Robert Bosch GmbH
     13.2 Continental AG
     13.3 Denso Corporation
     13.4 Delphi Automotive PLC
     13.5 Johnson Electric
     13.6 Mitsubishi Electric Corporation
     13.7 Borgwarner Inc.
     13.8 Magna International Inc.
     13.9 Aisin Seiki Co. Ltd.
     13.10 Johnson Controls Inc.
     13.11 ZF Friedrichshafen AG
     13.12 Valeo SA
     13.13 Jtekt Corporation
     13.14 Hitachi Automotive Systems Ltd.
     13.15 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.

14 Appendix (Page No. - 240)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Available Customizations
             14.4.1 Vehicle Electrification Market, By Degree of Hybridization & Country
                        14.4.1.1 Asia-Oceania
                                     14.4.1.1.1 China
                                     14.4.1.1.2 Japan
                                     14.4.1.1.3 South Korea
                                     14.4.1.1.4 India
                        14.4.1.2 Europe
                                     14.4.1.2.1 Germany
                                     14.4.1.2.2 France
                                     14.4.1.2.3 U.K.
                                     14.4.1.2.4 Spain
                        14.4.1.3 North America
                                     14.4.1.3.1 U.S.
                                     14.4.1.3.2 Mexico
                                     14.4.1.3.3 Canada
                        14.4.1.4 Rest of the World
                                     14.4.1.4.1 Russia
                                     14.4.1.4.2 Brazil
             14.4.2 Electric Turbocharger Market, By Region
                        14.4.2.1 Asia-Oceania
                        14.4.2.2 Europe
                        14.4.2.3 North America
                        14.4.2.4 Rest of the World
             14.4.3 Company Information
                        14.4.3.1 Detailed Analysis and Profiling of Additional Market Players (Up to 5)
     14.5 Related Reports
     14.6 Author Details


List of Tables (114 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: Vehicle Electrification Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (‘000 Units)
Table 34 Asia-Oceania: Vehicle Electrification Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (USD Million)
Table 35 Europe: Vehicle Electrification Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (‘000 Units)
Table 36 Europe: Vehicle Electrification Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (USD Million)
Table 37 North America: Vehicle Electrification Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (‘000 Units)
Table 38 North America: Vehicle Electrification Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (USD Million)
Table 39 RoW: Vehicle Electrification Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (‘000 Units)
Table 40 RoW: Vehicle Electrification Market for ICE & Micro Hybrid Vehicles, By Product, 2015–2022 (USD Million)
Table 41 Asia-Oceania: Vehicle Electrification Market for Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 42 Asia-Oceania: Vehicle Electrification Market for Hybrid Electric Vehicles, By Product, 2015–2022 (USD Million)
Table 43 Europe: Vehicle Electrification Market for Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 44 Europe: Vehicle Electrification Market for Hybrid Electric Vehicles, By Product, 2015–2022 (USD Million)
Table 45 North America: Vehicle Electrification Market for Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 46 North America: Vehicle Electrification Market for Hybrid Electric Vehicles, By Product, 2015–2022 (USD Million)
Table 47 RoW: Vehicle Electrification Market for Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 48 RoW: Vehicle Electrification Market for Hybrid Electric Vehicles, By Product, 2015–2022 (USD Million)
Table 49 Asia-Oceania: Vehicle Electrification Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 50 Asia-Oceania: Vehicle Electrification Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (USD Million)
Table 51 Europe: Vehicle Electrification Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 52 Europe: Vehicle Electrification Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (USD Million)
Table 53 North America: Vehicle Electrification Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 54 North America: Vehicle Electrification Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (USD Million)
Table 55 RoW: Vehicle Electrification Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 56 RoW: Vehicle Electrification Market for Plug-In Hybrid Electric Vehicles, By Product, 2015–2022 (USD Thousand)
Table 57 Asia-Oceania: Vehicle Electrification Market for Battery Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 58 Asia-Oceania: Vehicle Electrification Market for Battery Electric Vehicles, By Product, 2015–2022 (USD Thousand)
Table 59 Europe: Vehicle Electrification Market for Battery Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 60 Europe: Vehicle Electrification Market for Battery Electric Vehicles, By Product, 2015–2022 (USD Thousand)
Table 61 North America: Vehicle Electrification Market for Battery Electric Vehicles, By Product, 2015–2022 (‘000 Units)
Table 62 North America: Vehicle Electrification 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: Vehicle Electrification Market for Battery Electric Vehicles, By Product, 2015–2022 (USD Thousand)
Table 65 E-Axle Developments, By Key Manufacturers
Table 66 E-Axle Market for Electric Vehicles, By Region, 2015–2022 (‘000 Units)
Table 67 U.S.: Trucks & Tractors Stopping Distance Regulations
Table 68 E-Brake Booster Developments, By Key Manufacturers
Table 69 Key Brake Booster Suppliers & Oems
Table 70 E-Booster Market for Electric Vehicles, By Region, 2016–2022 (‘000 Units)
Table 71 48v Mild Hybrid Market, By Region, 2015–2025 (‘000 Units)
Table 72 ISO 6722 Norms for Aluminum Wiring
Table 73 Vehicle Electrification Market, By Region, 2015–2022 (‘000 Units)
Table 74 Vehicle Electrification Market, By Region, 2015–2022 (USD Million)
Table 75 Asia-Oceania Vehicle Electrification Market, By Country, 2015–2022 (‘000 Units)
Table 76 Asia-Oceania Vehicle Electrification Market, By Country, 2015–2022 (USD Million)
Table 77 China: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 78 China: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 79 Japan: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 80 Japan: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 81 South Korea: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 82 South Korea: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 83 India: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 84 India: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 85 Rest of Asia-Oceania: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 86 Rest of Asia-Oceania: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 87 Europe Vehicle Electrification Market, By Country, 2015–2022 (‘000 Units)
Table 88 Europe Vehicle Electrification Market, By Country, 2015–2022 (USD Million)
Table 89 Germany: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 90 Germany: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 91 France: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 92 France: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 93 U.K.: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 94 U.K.: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 95 Spain: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 96 Spain: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 97 Rest of Europe: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 98 Rest of Europe: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 99 North America Vehicle Electrification Market, By Country, 2015–2022 (‘000 Units)
Table 100 North America Vehicle Electrification Market, By Country, 2015–2022 (USD Million)
Table 101 U.S.: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 102 U.S.: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 103 Mexico: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 104 Mexico: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 105 Canada: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 106 Canada: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 107 Rest of the World Vehicle Electrification Market, By Country, 2015–2022 (‘000 Units)
Table 108 Rest of the World Vehicle Electrification Market, By Country, 2015–2022 (USD Million)
Table 109 Brazil: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 110 Brazil: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 111 Russia: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 112 Russia: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)
Table 113 Others: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (‘000 Units)
Table 114 Others: Vehicle Electrification Market, By Product & Vehicle Type, 2015–2022 (USD Million)


List of Figures (67 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 Vehicle Electrification Market, 2017 vs 2022 (Value)
Figure 10 Passenger Cars to Constitute the Largest Segment of the Vehicle Electrification Market, By Vehicle Type, 2017 vs 2022 (Value)
Figure 11 ICE & Micro-Hybrid Vehicle Segment to Dominate the Vehicle Electrification 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 Vehicle Electrification Market, By Degree of Hybridization, 2017 vs 2022
Figure 32 Hybrid Technology
Figure 33 Global Sales of HEV vs PHEV, By Region, 2015−2022
Figure 34 Working Mechanism: E-Drive
Figure 35 E-Axle Technology is Estimated to Dominate Driveline Systems Market
Figure 36 Conventional Brake Booster Mechanism
Figure 37 Electric Brake Booster Mechanism
Figure 38 Vehicle Electrification With Potential Fuel Savings
Figure 39 Need for 48v Architecture
Figure 40 Overview of Emission Regulation for Passenger Cars, 2014–2025
Figure 41 Overview of Emission Regulation for Light Commercial Vehicles, 2014–2025
Figure 42 48v Mild Hybrid Market, By Region
Figure 43 Load Distribution of 12v/48v Architecture
Figure 44 Region-Wise Snapshot of the Vehicle Electrification Market, 2017, (Value): Asia-Oceania Accounts for the Largest Market Share
Figure 45 Asia-Oceania: Vehicle Electrification Market Snapshot
Figure 46 Asia-Oceania Vehicle Electrification Market & Market Share, By Vehicle Type (Value)
Figure 47 Europe Vehicle Electrification Market, By Vehicle Type (Value)
Figure 48 North America: Vehicle Electrification Market Snapshot
Figure 49 North America Vehicle Electrification Market, By Vehicle Type (Value), 2017 vs 2022
Figure 50 RoW Vehicle Electrification Market, By Vehicle Type (Value), 2017 vs 2022
Figure 51 Vehicle Electrification Market: Vendor Dive Analysis
Figure 52 Vehicle Electrification Market Ranking, 2017
Figure 53 Robert Bosch GmbH: Company Snapshot
Figure 54 Continental AG: Company Snapshot
Figure 55 Denso Corporation: Company Snapshot
Figure 56 Delphi Automotive PLC: Company Snapshot
Figure 57 Johnson Electric: Company Snapshot
Figure 58 Mitsubishi Electric Corporation: Company Snapshot
Figure 59 Borgwarner Inc.: Company Snapshot
Figure 60 Magna International Inc.: Company Snapshot
Figure 61 Aisin Seiki Co. Ltd.: Company Snapshot
Figure 62 Johnson Controls Inc.: Company Snapshot
Figure 63 ZF Friedrichshafen AG: Company Snapshot
Figure 64 Valeo SA: Company Snapshot
Figure 65 Jtekt Corporation: Company Snapshot
Figure 66 Hitachi Automotive Systems Ltd.: Company Snapshot
Figure 67 Wabco Holdings Inc.: Company Snapshot

    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. Requirement for light weighting to achieve improved fuel efficiency and reduced tail-pipe emissions as well as increased demand for safety, comfort, and luxury are the key factors influencing the demand for vehicle electrification during the forecast period.

    Electric vacuum pump, an alternative to its mechanical counterpart, is identified as the fastest growing segment in the vehicle electrification market. The growth of this segment would be strengthened with the adoption of 48V architecture. Electric power steering (EPS) is estimated to have the largest market size in the vehicle electrification market. EPS reduces fuel consumption as compared to hydraulic power steering and improves the manoeuvrability of the vehicle.

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

    Asia-Oceania is estimated to be the largest market for vehicle electrification. The global 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 estimated to be the fastest growing market for vehicle electrification. The growth in this region is driven by increasing charging infrastructure and significant investment by OEMs in the development of vehicle electrification. Federal tax credits and rebate incentives are further accelerating the growth of the vehicle electrification market, especially in the U.S.

    Vehicle Electrification Market

    A key factor restraining the growth of the 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 use of electric vehicles. 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.), and Johnson Electric (Hong Kong).

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