DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/qrmdc4/vehicle) has announced the addition of the "Vehicle Electrification Market by Product Type, Degree of Hybridization & Region - Trends & Forecast to 2019" report to their offering.
The vehicle electrification market size, in terms of value, is projected to grow at a CAGR of 13.0% from 2014 to 2019 and reach $30.74 billion by 2019.
The global market size by value for vehicle electrification technologies is projected to reach $30.74 billion by 2019. This market for vehicle electrification technologies is estimated to be largest in Asia-Oceania region, having market share of about -40.7% in vehicle electrification technologies in 2014. China is the major contributor to the growth of vehicle electrification technologies in Asia-Oceania region. The global demand for vehicle electrification technologies market is increasing prices of conventional fuels, sales growth of electric vehicles (EVs), stringent emission norms and greater demand for engine downsizing and better fuel economy.
In addition, tax exemption and subsidy provided by government of various countries will also create better opportunities for the vehicle electrification market. Europe holds second position in case of market for vehicle electrification technologies. The major contributor to this market in Europe region is Germany, having largest sales of vehicles in this region
In context with degree of hybridization type market for vehicle electrification technologies, the ICE engine and micro hybrid cars segment is accounted to hold the maximum share followed by hybrid electric vehicles (HEV) and plugin-hybrid electric vehicles (PHEV).
The global vehicle electrification market is dominated by few major players with many other small/medium players. Few of the key players are Robert Bosch GmbH. (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Denso Corporation (Japan), JTEKT Corporation (Japan), Nexteer Automotive (U.S.), TRW Automotive Holding s Corp. (U.S.) and Mitsubishi Electric Corporation (Japan).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technological Overview
7 Vehicle Electrification Market, By Geography
8 Vehicle Electrification Market, By Product
9 Vehicle Electrification Market, By Degree of Hybridization
10 Competitive Landscape
11 Company Profiles
- BorgWarner Inc.
- Continental AG
- Delphi Automotive PLC
- Denso Corporation
- JTEKT Corporation
- Mando Corp.
- Mitsubishi Electric Corporation
- Robert Bosch GMBH
- TRW Automotive Holdings Corp.
- ZF Friedrichshafen AG
For more information visit http://www.researchandmarkets.com/research/qrmdc4/vehicle
