Press release
Outlook on the Vehicle Electrification Market: Major Segments, Strategic Developments, and Leading Companies
Vehicle Electrification Market
Expected Market Valuation of the Vehicle Electrification Market by 2030
The vehicle electrification market is anticipated to expand swiftly, reaching a valuation of $169.03 billion by 2030. This reflects a compound annual growth rate (CAGR) of 10.7% during the forecast period. The surge is driven by several factors, including the accelerated adoption of electric vehicles, decreasing battery costs, heightened demand for electrified drivetrains, advancements in smart power management systems, and supportive government incentives for EVs. Key trends shaping the market include rapid uptake of electric powertrain components, wider integration of start-stop systems, growth in electric auxiliary systems, expansion in hybrid vehicle offerings, and increasing focus on energy-efficient components.
Download a free sample of the vehicle electrification market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6496&type=smp
Prominent Companies Influencing the Vehicle Electrification Market
Several leading corporations dominate the vehicle electrification landscape. Notable market participants include Volkswagen AG, Toyota Motor Corporation, Ford Motor Company, Mercedes-Benz Group AG, General Motors Company, Bayerische Motoren Werke AG, Hyundai Motor Company, Honda Motor Co Ltd., Robert Bosch GmbH, Tesla Inc., Nissan Motor Co Ltd., Kia Corporation, BYD Company Limited, Audi AG, Volvo Group AB, Denso Corporation, Continental AG, Magna International Inc., Mitsubishi Electric Corporation, Aisin Seiki Co Ltd., Jaguar Land Rover Automotive plc, BorgWarner Inc., NIO Inc., Li Auto Inc., XPeng Inc., Rivian Automotive Inc., Delphi Technologies, Polestar AB, Lucid Motors Inc., Fisker Inc., Lordstown Motors Corp, Canoo Inc., Arrival Ltd., Proterra Inc., Faraday Future Inc., and Rimac Automobili d.o.o.
Strategic Moves in Battery Supply by Porsche
In July 2024, Porsche, the renowned German manufacturer of high-performance sports cars and a member of the Volkswagen Group, acquired Varta batteries for an undisclosed sum. This acquisition aims to secure a stable battery supply, boost Porsche's electrification efforts, harness cutting-edge technology, and strengthen its competitive stance in the electric vehicle market. Varta AG, headquartered in Ellwangen, Germany, specializes in producing batteries catering to automotive, industrial, and consumer sectors.
View the full vehicle electrification market report:
https://www.thebusinessresearchcompany.com/report/vehicle-electrification-global-market-report
Future Trends Shaping the Vehicle Electrification Market
Industry leaders are concentrating on technological innovations, including the development of medium-duty electric work trucks powered by Siemens software to optimize design and engineering. These trucks are electrically driven vehicles built for commercial use, capable of handling moderate payloads and operational demands. For example, in October 2024, U.S.-based Workhorse Group introduced medium-duty electric work trucks that emphasize sustainable transportation solutions. These vehicles incorporate electric powertrains, efficiency gains via optimized designs, regenerative braking systems, telematics for real-time performance tracking, customizable configurations, and user-friendly controls, all aimed at enhancing their functionality and dependability across various commercial applications.
Detailed Segmentation of the Vehicle Electrification Market
The vehicle electrification market is comprehensively segmented into the following categories:
1) By Product Type:
- Starter Motor
- Alternator
- Electric Car Motors
- Electric Water Pumps
- Electric Oil Pumps
- Electric Vacuum Pumps
- Electric Fuel Pumps
- Electric Power Steering
- Actuators
- Start or Stop Systems
2) By Vehicle Type:
- Internal Combustion Engine Vehicle
- Micro and Full Hybrid Vehicle
- Plug-In Hybrid Electric Vehicle (PHEV) and Battery Electric Vehicle (BEV)
3) By Sales Channel:
- Original Equipment Manufacturers (OEM)
- Aftermarket
Further subcategories include:
- Starter Motors: Conventional and Brushless
- Alternators: Conventional and Smart
- Electric Car Motors: AC Motors, DC Motors, Permanent Magnet Motors
- Electric Water Pumps: Circulation and Cooling Pumps
- Electric Oil Pumps: Engine and Transmission Oil Pumps
- Electric Vacuum Pumps: Diaphragm and Piston Vacuum Pumps
- Electric Fuel Pumps: In-Tank and Inline Fuel Pumps
- Electric Power Steering: Column-Mounted and Rack-Mounted Systems
- Actuators: Electric Throttle and Brake Actuators
- Start or Stop Systems: Automatic and Manual
These granular segments provide a detailed understanding of the components and systems involved in the vehicle electrification market, reflecting the broad scope and technological diversity within this fast-growing industry.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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 Outlook on the Vehicle Electrification Market: Major Segments, Strategic Developments, and Leading Companies here
News-ID: 4387378 • Views: …
More Releases from The Business Research Company
Future Perspectives: Key Trends Shaping the Alkyd Resin Market up to 2030
The alkyd resin market is set for substantial growth over the coming years, driven by increasing demand for environmentally friendly coatings and advancements in resin technology. This sector's evolution is closely tied to broader industry shifts, including infrastructure development and automotive refinishing, making it a dynamic area to watch through 2030.
Projected Expansion of the Alkyd Resin Market Size Through 2030
Forecasts indicate the alkyd resin market will reach a…
Competitive Landscape: Key Market Leaders and New Entrants in the Aircraft Paint …
The aircraft paint industry is positioned for consistent advancement as global aviation continues to expand. Innovations in coating technology and shifting demands within the aerospace sector are driving this market forward. Let's delve into the current valuation forecasts, influential players, emerging trends, and detailed market segments shaping the future of aircraft paint.
Projected Growth and Market Size of the Aircraft Paint Industry
The aircraft paint market is anticipated to grow…
Trends in Growth, Segment Analysis, and Competitor Approaches Influencing the Ag …
The agricultural biologics sector is on track for substantial expansion as sustainable farming practices gain momentum worldwide. Innovations in biological products and growing awareness of their environmental benefits are shaping the future of agriculture. Let's explore the market's value projections, key players, current trends, and segmentation to better understand this rapidly evolving industry.
Projected Growth and Market Size of the Agricultural Biologics Industry
The agricultural biologics market is predicted to…
Leading Companies Enhancing Their Presence in the Aerosol Market
The aerosol market is poised for impressive expansion over the coming years, driven by evolving consumer preferences and regulatory influences. Developments in packaging sustainability and product innovation are shaping this sector, positioning it for significant growth by the end of the decade. Let's explore the current market size projections, prominent players, emerging trends, and key segments propelling this industry forward.
Anticipated Market Size and Growth Forecast for the Aerosol Market …
More Releases for Motor
SUV Market 2021 Precise Outlook- Honda Motor, Toyota Motor, Nissan Motor, Ford M …
The report presents an in-depth assessment of the SUV Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for SUV from 2021 till 2027. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and…
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in the number of…
Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol …
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status…
Micro Motor Industry - Johnson Electric, Siemens, Mitsuba Corporation, Nidec Mot …
Global Micro Motor Market is set to rise from its initial estimated value of USD 28.13 billion in 2018 to an estimated value of USD 39.86 billion, registering a CAGR of 4.45% in the forecast period of 2019-2026. This projected rise in the value can be attributed to the increasing applications and demand from the various segments of the market.
Get Sample Copy of this Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-micro-motor-market
Key Market Competitors: Global…
Electric Vehicles Market 2030 | Honda Motor Co., Ltd., Ford Motor, Toyota Motor …
A Research Report Insights (RRI) report reveals that the global market for electric vehicles is set to cross US$ 99 Billion in terms of value by 2016 end. As per the report, the market is expected to reach US$ 596.56 Billion by 2030, riding on a CAGR of 15.6%.
Increasing demand for clean and green energy and rise in global air pollution is compelling socio-economic institutions to rethink over the structures…
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator.
Access Full Report: https://www.alliedmarketresearch.com/electric-vehicle-motor-market
The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in…
