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Propelled by the Growing Demand for Electrical Systems in Vehicles, Global Vehicle Electrification Market’s Worth to Become US by 2025
It encompasses aspects such as market drivers and restraints, Porter’s Five Forces Analysis, market size and share analysis, market segmentation, market attractiveness and trend analysis, competitive landscape, and company profiles.
The information provided in the global vehicle electrification market report has been gathered through an extensive research along with opinions from industry experts. This makes the report a useful tool for market players, investors, industry experts, and other individuals interested in the industry. It helps them get readily available information along with charts and figures to understand the market trends and opportunities.
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The report says that the global cloud encryption gateways market is expected to gain momentum during the forecast period owing to the decline in permissible limits in emission regulations and raised fuel economy bars as well as the growing demand for reliable electrical systems in vehicles. In addition, the need for lightweight automobiles to raise fuel efficiency and reduce carbon emission boost the growth of the industry. Nevertheless, the intricate and expensive technology used in electric vehicles, as well as the high cost of electric systems, hinder the overall growth of the vehicle electrification market.
The report includes an in-depth analysis of the global vehicle electrification market based on its segmentation. The market is divided by vehicle type, by product type, by degree of hybridization, and by geography. Based on vehicle type, the market is segmented into two-wheeler, commercial vehicle, and passenger cars. Based on product type, the market is divided into start/stop system, electric air-conditioner compressor, electric power steering (EPS), electric oil pump, starter motor & alternator, electric vacuum pump, liquid heater PTC, electric water pump, integrated starter generator (ISG), and actuators. Based on the degree of hybridization, the market is divided into internal combustion engine (ICE) & micro-hybrid vehicle, battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), hybrid electric vehicle (HEV), and 48V mild-hybrid.
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Geographically, the market analysis covers the regions such as North America, Europe, Asia-Pacific, and LAMEA. In North America, the analysis covers U.S, Canada, and Mexico. In Europe, the analysis covers UK, Germany, France, Italy, and the rest of Europe. In Asia-Pacific, the study covers Australia, China, Japan, India, Singapore, and the rest of Asia-Pacific. In LAMEA, the regions under the study include Latin, America, Middle East, and Africa.
The key market player analysis is offered in the research to help determine the market competition and the measures to be taken to gain a strong foothold in the market. The major players analyzed in the research are Robert Bosch GmbH, Denso Corporation, Continental AG, Johnson Electric Holdings Ltd., Delphi Automotive PLC, Volkswagen, Honda Motor Co. Ltd., Toyota Motor Corporation, TRW Automotive Holdings Corp., Mitsubishi Electric Corporation, and Wabco. The report includes an overview of each of these companies, their financial and business segments as well as their recent developments.
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