Vehicle Electrification Market to Hit 92.59 Billion USD by 2022

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MarketsandMarkets Presents
Vehicle Electrification Market to Hit 92.59
Billion USD by 2022
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The report "Vehicle Electrification Market by
Product (Start-Stop, PTC, EPS, Electric
Air-Conditioner, ISG, Starter Motor, Alternator,
Actuator, Electric Pump-Vacuum, Oil Water), 48V
Mild-Hybrid, Degree of Hybridization, and Vehicle
Type - Global Forecast to 2022", The vehicle
electrification market is projected to grow at a
CAGR of 8.17 during the forecast period, to
reach a market size of USD 92.59 Billion by
2022. Browse 108 market data tables   62
figures  237 pages and in-depth TOC on "Vehicle
Electrification Market You can speak to our
analyst_at_ http//www.marketsandmarkets.com/speaktoa
nalyst.asp?id224946587
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Source MarketsandMarkets Analysis
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The vehicle electrification market is projected
to grow at a CAGR of 8.17 from 2017 to 2022, to
reach a market size of USD 92.59 Billion by 2022.
Requirement for light weighting to achieve
improved fuel efficiency and reduced tail-pipe
emissions as well as increased demand for safety,
comfort, and luxury are the key factors
influencing the demand for vehicle
electrification during the forecast
period. Electric vacuum pump, an alternative to
its mechanical counterpart, is identified as the
fastest growing segment in the vehicle
electrification market. The growth of this
segment would be strengthened with the adoption
of 48V architecture. Electric power steering
(EPS) is estimated to have the largest market
size in the vehicle electrification market. EPS
reduces fuel consumption as compared to hydraulic
power steering and improves the manoeuvrability
of the vehicle. Asia-Oceania is estimated to be
the largest market for vehicle electrification.
The global market in this region is driven by
automotive hubs such as China and India. The
growing demand for electric vehicles in China and
Japan, implementation of stringent emission
norms, and low production costs are driving the
Asia-Oceania market. North America is estimated
to be the fastest growing market for vehicle
electrification. The growth in this region is
driven by increasing charging infrastructure and
significant investment by OEMs in the development
of vehicle electrification. Federal tax credits
and rebate incentives are further accelerating
the growth of the vehicle electrification market,
especially in the U.S.
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• The vehicle electrification market consists of
  vehicle electrification technology suppliers such
  as Robert Bosch GmbH (Germany), Continental AG
  (Germany), Denso Corporation (Japan), Delphi
  Automotive PLC (U.K.), and Johnson Electric (Hong
  Kong). The vehicle electrification components are
  supplied to major OEMs in the automotive industry
  such as Volkswagen (Germany), Toyota Motor
  Corporation (Japan), Honda Motor Co. Ltd (Japan),
  and others.
• Target Audience
• Suppliers of vehicle electrification
• Raw material manufacturers of vehicle
  electrification components (suppliers for Tier I)
• Traders, distributors, and suppliers of vehicle
  electrification components or raw materials
• Regional manufacturer associations
• Automotive OEMs
• Organized and unorganized aftermarket suppliers
• Governments national and regional environmental
  regulatory agencies or organizations
• Scope of the Report
• Market, by Product Type
• Start/Stop System
• Electric Power Steering (EPS)
• Electric Air-Conditioner Compressor

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• Market, By Degree of Hybridization
• Internal Combustion Engine (ICE) Micro-Hybrid
  Vehicle
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)
• 48V Mild-Hybrid Market
• Market, By Region
• Asia-Oceania
• Europe
• North America
• ROW

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