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Vehicle Electrification Market 2019: Global Analysis, Share, Trends, Application Analysis and Forecast To 2023

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Vehicle Electrification Market 2019: Global Analysis, Share, Trends, Application Analysis and Forecast To 2023

August 27
17:19 2019
Vehicle Electrification
Vehicle Electrification -Market Demand, Growth, Opportunities And Analysis Of Top Key Player Forecast To 2024

Vehicle Electrification Industry


Global Vehicle Electrification market is expected to grow from $17.84 billion in 2016 to reach $33.54 billion by 2023 with a CAGR of 9.4%.Growing demand for electric powered systems in vehicles, growing call for for gas efficient motors and increasing traditional fuels fees are some of the important thing factors fueling marketplace growth. Furthermore, tax exemptions and subsidies provided by means of governments, strict government norms on carbon monoxide (co) emissions together with growing environmental awareness are helping the increase of vehicle electrification market. However, high value of electrification and electric powered systems, fail secure electronic and electrical additives are a number of the factors hindering the market.

Replacing mechanical or hydraulic systems with electric powered structures is taken into consideration as one of the first-rate way to lessen carbon emissions, boom automobile efficiency and reduce dependency over oil. Vehicle electrification generates new possibilities for consumer engagement in conjunction with numerous environmental and monetary advantages.

Hybrid Electric Vehicle (HEV) is main the overall automobile electrification and is projected to preserve its boom over the forecast period. This is attributed to its functionality in combining two one of a kind strength resources consisting of diesel/petrol and electric strength. Further, the demand for electric powered vacuum pump is developing as they are extensively utilized in hybrid, diesel and electric vehicles. North the united states is the sizable marketplace for automobile electrification because of the presence of stringent norms for emissions in nations inclusive of u. S. And canada. Apac is predicted to develop at quicker tempo owing to its full-size growth in automotive enterprise.

Some of the key players in global Vehicle Electrification market

Continental AG
Johnson Controls Inc.
Robert Bosch GmbH
Johnson Electric
Hitachi Automotive Systems Ltd.
Denso Corporation
Jtekt Corporation
Valeo SA
Delphi Automotive PLC
Magna International Inc.
Mitsubishi Electric Corporation
Wabco Holdings Inc.
Borgwarner Inc.
ZF Friedrichshafen AG
Aisin Seiki Co. Ltd.

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Vehicle Types Covered: 
• Light Commercial Vehicle 
• Two – Wheeler 
• Heavy Commercial Vehicle 
• Passenger Car

Channel Types Covered: 
• Aftermarket 
• OEMs

Product Types Covered: 
• Electric Air Conditioner Compressor 
• Start/Stop System 
• Electric Water Pump 
• Integrated Starter Generator (ISG) 
• Electric Power Steering (EPS) 
• Actuators 
• Electric Vacuum Pump 
• Starter Motor & Alternator 
• Liquid Heater PTC 
• Electric Oil Pump 
• Electric Turbocharger 
• Thermoelectric Generator 

Degree of Hybridizations Covered: 
• Plug-In Hybrid Electric Vehicle (PHEV) 
• Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle 
• Battery Electric Vehicle (Bev) & Fuel Cell Electric Vehicle (FCEV) 
• Hybrid Electric Vehicle (HEV)

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Latest Update Related Domain (Automotive Industry) – 

Automotive industry is formed by a number of companies that are involved in activities like manufacture of motor vehicles. The various vehicles components developed include engines as well as bodies, among others. The industry’s primary products are light trucks and passenger automobiles, such as vans, sport utility vehicles, and pickups. Commercial vehicles, like large transport trucks and delivery trucks, although crucial aspects of the industry, are considered secondary.

V2G and V2X Technology

Vehicle-to-grid (V2G) technologies utilized the peak load management in the form of distributed storage devices that allow the use of electric vehicles (EVs). The stored power in these vehicles are used for feeding the electrical system when the demand in homes and offices are at their peak. These are also helpful during sudden spike in electrical load.

Vehicle-to-everything (V2X), on the other hand, refers to a wireless technology, the information between a vehicle and every entity it comes in contact with are exchanged. These entities include infrastructure, other vehicles, the grid, the cloud and devices in the vicinity.

Car Health Monitor

In the wake of constant technological advancements, facial and iris recognition technologies are predicted to gain immense traction in the market. Various manufacturers are striving to deal with the in-vehicle health condition of drivers, detecting the driver’s fatigue, monitoring the heart rate and also detecting sleep deprivation, after which the warning systems are notified. Health monitoring takes place with the help of sensors that have seat belts and steering. Therefore, after the integration of semiconductors, car health monitoring is expected to emerge as the latest trend after 2020.


Table of Content

1 Executive Summary 

2 Preface 

3 Market Trend Analysis 

4 Porters Five Force Analysis 

5 Global Vehicle Electrification Market, By Vehicle Type 

6 Global Vehicle Electrification Market, By Channel Type 

7 Global Vehicle Electrification Market, By Product Type 

8 Global Vehicle Electrification Market, By Degree of Hybridization 

9 Global Vehicle Electrification Market, By Geography 

10 Key Developments 

11 Company Profiling 

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