Vehicle Electrification Market Size Grow US$ 121.60 billion by 2025 | Aisin Seiki Co. Ltd., Borgwarner Inc., Continental AG, Delphi Automotive PLC

Executive Summary -

CMI has released a new research study published Vehicle Electrification Market 2022 Analysis by Market Trends, Drivers, Constraints, Opportunities, Threats, Challenges, and Investment Opportunities, Size, Share, and Outlook by 2027

Global vehicle electrification market was valued at US$ 57.50 billion in 2016, is projected to exhibit a CAGR of 8.82% over the forecast period (2017–2025), to be valued at US$ 121.60 billion by 2025

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In recent times, there have been several news stories dealing with vehicle Electrification. These have highlighted the opportunities that lay ahead for the vehicles in terms of their mobility and environmental friendliness. In fact, vehicle Electrification has got the support of many leading organizations. While Electrification is a new field, it is getting popular day by day. The demand for electric vehicles has increased over the years across the globe. With growing focus on reducing carbon footprint, the demand for an electric vehicle is likely to increase in the near future.

Global Vehicle Electrification Market: Competitive Background

Key players in the vehicle electrification market include Aisin Seiki Co. Ltd., Borgwarner Inc., Continental AG, Delphi Automotive PLC, Denso Corporation, Hitachi Automotive Systems Ltd., Johnson Controls Inc., Johnson Electric, Jtekt Corporation, Magna International Inc., Mitsubishi Electric Corporation, Robert Bosch GmbH, Valeo SA, Wabco Holdings Inc., and ZF Friedrichshafen AG.

The benefits of using Vehicle Electrification techniques for vehicles are that they provide an alternate and cheaper source of electrical energy. These systems reduce the fuel consumption of the vehicle as well as improve its performance and increase its longevity. The vehicles using these systems do not get affected by voltage fluctuations and therefore do not suffer from irregular power outages. Despite these advantages, the higher cost of electric systems remains one of the major challenging factors in the development of the market. Besides, there are challenges associated with maintaining an optimum power-to-weight ratio. Therefore, these factors can limit growth of the vehicle electrification market in the near future.

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Drivers & Trends -

The report has included a comprehensive analysis of different factors that fuel the growth of the Vehicle Electrification market. It includes growth potential, drivers, restraints, industry-specific challenges and risks, and opportunities that transform the market in a negative or positive way. Every factor has been evaluated in detail to offer a complete accurate grasp of the market.

Segmentation of Vehicle Electrification Market -

By Degree of Hybridization (Battery Electric Vehicle (BEV) Plug-In Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV), Micro-Hybrid Vehicle & Internal Combustion Engine (ICE))

by Product Type (Start/Stop System, Electric Power Steering (EPS), Liquid Heater PTC, Electric AC Compressor, Electric Vacuum Pump, Electric Oil Pump, Electric Water Pump, Starter Motor & Alternator, Integrated Starter Generator (ISG), and Actuators)

Fastest Growing Regional Analysis -

· North America
· Europe
· Asia Pacific
· Latin America
· Middle East
· Africa

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Important Features that are in the proposal and main highlights of the reports:

- Detailed overview of the market

- Changing the market dynamics of the industry

- In-depth market segmentation by type, application, etc.

- Historical, current, and predicted market size in terms of volume and value

- Recent trends and developments in the industry

- Competitive view of Easy to Market

- Key player and supply strategies Products

- potential segments/areas and niches that demonstrate promising growth

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Coherent Market Insights -

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This release was published on openPR.