Press release
Vehicle Electrification Market Hit USD 53.3 Billion by 2026
According to a report published by Fortune Business Insights, titled "Vehicle Electrification Market Size, Share and Global Trend by Product Type (Start/Stop System, Electric Air Conditioner Compressor, PTC Heater, Electric Vacuum Pump, Electric Water Pump, Electric Oil Pump, Starter Motor & Alternator, Integrated Starter Generator, Actuators. By Vehicle Type (Passenger Cars, Light Commercial Vehicles & Heavy Commercial Vehicles), and Geography Forecast till 2026," the market size was USD 27.9 billion in 2018 and will exhibit a CAGR of 8.5% during the forecast period, 2019-2026.
Vehicle electrification is the process of electrifying the mechanical processes in an automobile. The growing demand for sustainable fuel alternatives has made a positive impact on the growth of the market in recent years. The increasing number of automobile users has led to a huge emphasis on the adoption of vehicles driven by environment-friendly alternatives.
The increasing investments in the research and development of newer systems associated with vehicle electrification will emerge in favour of market growth. Moreover, strict government policies regarding greenhouse emissions and its contribution towards promoting the use of electric systems, will have a direct impact on the growth of the market in the forthcoming years.
Request a Sample Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/vehicle-electrification-market-102070
List of the best companies that are operating in the global vehicle electrification market are;
Robert Bosch GmbH (Gerlingen, Stuttgart, Germany)
Continental AG (Hanover, Lower Saxony, Germany)
Denso Corporation (Kariya, Aichi, Japan)
Delphi Technologies PLC (London, United Kingdom)
Johnson Electric Holding Limited (Hong Kong Science Park, Hong Kong)
Volkswagen (Wolfsburg, Germany)
Toyota Motors Corporation (Toyota, Aichi, Japan)
Honda Motors Co. Ltd (Minato City, Tokyo Japan)
The report provides an in-depth analysis of the global vehicle electrification market. It highlights the latest product launches and labels major innovations in the market. In addition to this, it states the impact of these products on the growth of the market.
The competitive landscape has been discussed in detail and predictions are made concerning leading companies and products in the coming years. Forecast values have been provided for the market from 2019 to 2026. The factual figures have been obtained through trusted sources. Moreover, these predictions are made based on extensive research analysis methods, coupled with the opinions of experienced market research professionals.
Get Detailed Insights of This Research with Table of Content: https://www.fortunebusinessinsights.com/vehicle-electrification-market-102070
Rising Demand for Hybrid Vehicles Will Aid Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing demand for hybrid vehicles is consequential to their abilities to minimize fuel consumption, and subsequently minimize pollution.
The increasing investment in solar-powered vehicles and the use of solar energy sources for powering automobiles will constitute an increase in the vehicle electrification market size. Additionally, recent advancements in product manufacturing, coupled with the launch of advanced products by major companies across the world will have a positive impact on the growth of the market.
Asia Pacific to Emerge Dominant; Strict Government Regulations Will Favour Market Growth
The report analyses the ongoing vehicle electrification market trends across North America, Asia Pacific, Europe, and the Rest of the World. Among these regions, Asia Pacific is likely to emerge dominant in the coming years, accounting to the increasing concerns surrounding global warming and the need for advanced utilities. The efforts taken to maximize the use of solar energy by private as well as public organizations will contribute to the growth of the market. Driven by huge investments, the market in Asia Pacific will rise drastically from its 2018 value of USD 12.3 billion. Besides Asia Pacific, the market in Europe will witness considerable growth in the coming years.
Industry Developments:
December 2019: Bosch announced that it has signed a long term contract Contemporary Amperex Technology (CATL). This step is taken to develop an advanced 48V battery cell.
Quick Buy: Vehicle Electrification Market Research Report - https://www.fortunebusinessinsights.com/checkout-page/102070
Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Mergers, Acquisitions and Partnerships
Distributors Analysis
Growth and Penetration Analysis
Porter's Five Forces Analysis
PEST Analysis
Vendor Landscape
Global Vehicle Electrification Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast - By Product Type
Start/Stop System
PTC Heater
Electric Air Conditioner Compressor
Electric Vacuum Pump
Electric Oil Pump
Electric Water Pump
Starter Motor & Alternator
Integrated Starter Generator (ISG)
Actuators
Market Analysis, Insights and Forecast - By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Market Analysis, Insights and Forecast - By Country
North America
Europe
Asia pacific
Rest of the World
TOC Continued...!
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/vehicle-electrification-market-102070
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Vehicle Electrification Market Hit USD 53.3 Billion by 2026 here
News-ID: 2025626 • Views: …
More Releases from Fortune Business Insights Pvt Ltd
Commercial Drone Market Size, Share, Industry Development, Growth & Trends by 20 …
The global commercial drone market size was valued at USD 8.77 billion in 2022. The market is projected to grow from USD 10.98 billion in 2023 to USD 54.81 billion by 2030, exhibiting a CAGR of 25.82% during the forecast period. A drone, also known as an unmanned aerial vehicle, is a flying device, equipped with a camera and sensor. Different industries are investing in drone technology and trying to…
Aircraft Engine Market Latest Key Drivers and Future Demand Forecast by 2029
According to a recent report by Fortune Business Insights, the global Aircraft Engine Market is expected to reach a size of USD 112.61 billion by 2028, growing at a CAGR of 10.87% during the forecast period 2021-2028. The report offers a thorough analysis of the market size, regional landscape, revenue forecasts, and upcoming challenges in the market. It also provides current statistics and future predictions, aiming to evaluate growth prospects,…
Space Mining Market the Development Strategies Adopted by Major Key Players And …
The increasing investments by mining companies is expected to foster healthy growth of the market during the forecast period, sates Fortune Business Insights in a report, titled "Space Mining Market Size, Share & Industry Analysis, By Phase (Spacecraft Design, Launch, Operation), By Asteroid type (Type C, Type S, Type M, Others), By Application (Construction, Resource Harvesting, 3D Printing, Others) and Regional Forecast, 2023-2030." The growing number of government initiatives for…
Radar Level Transmitter Market Size, Gross Margin, Trends, Future Demand, Analys …
The higher level of accuracy, reliability, and stability offered by radar level transmitters is expected to fuel the demand of the market during the forecast period, states Fortune Business Insights, in a report, titled "Radar Level Transmitter Market Size, Share & Industry Analysis, By Technology (Contact, Noncontact), By Frequency Range (C and X Band, W Band, K Band), By Application (Liquids, slurries, and interfaces, Solids), By Industry (Oil & Gas,…
More Releases for Vehicle
Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025?
The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025.
To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245
Global truck platooning market is segmented…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the…
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031.
Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122
Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),…
