Press release
The Vehicle Electrification Market Detailed Analysis Of Current Industry Trends, Growth Forecast To 2026
Summary:According to the new market research report “Vehicle Electrification Market” is published by Whipsmartmi.com
Keywords:
Vehicle Electrification Market, vehicle electrification industry, vehicle electrification report, Plug-in hybrid electric vehicle (PHEV) market, vehicle electrification market, ICE vehicles market, BEVs report, HEVs report, PHEVs report, vehicle hybridization report, vehicle electrification products market
The Vehicle Electrification Market is projected to grow at a CAGR 10.09% rate during the forecast period. Owing to various benefits offered by electrification such as decreased vehicle weight, lower emissions, increased fuel efficiency, improved driving comfort, and safety among, vehicle electrification would be the preferred option for OEMs in the near future.
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Electric power steering is estimated to be the largest segment for the market. EPS reduces fuel consumption and improves the maneuverability of vehicles. In Europe and North America, almost all the vehicle has EPS, and in Asia Oceania, the trend is growing rapidly. In Asia Oceania, installation rate of EPS is almost 90%. Hence, the EPS segment is estimated to hold the largest market share during the forecast period.
Key Market Players includes Bosch (Germany), Continental (Germany), Denso (Japan), Delphi (UK), and Johnson Electrics (Hong Kong).
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Email: sales@whipsmartmi.com
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About Whipsmartmi:
Whipsmart MI provides fact-based consulting services to B2B and B2C market to help our clients to achieve incremental and transformational growth competing in their niche market. We facilitate their growth journey through an environment that is dominated by accelerating change, constant evolution of new business models, disruptive trends and technologies in their respective industry.
The Whipsmart Market bytes platform is created specifically for B2B and B2C players with consideration of the market knowledge and interest. With over 4,000 titles to choose from diverse industries, the coverage is comprehensive and the data is updated every quarter. Whipsmart uses comples AI based algorithms to gather economic intelligence from different agencies across the globe, combines them with primary information sources and builds projections that are accurate and dependable. With multiple download options and the flexibility to source almost any kind of intelligence on demand as per market interest.
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