DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Vehicle Electrification Market by Product (Start-Stop, PTC, EPS, Electric Air-Conditioner, ISG, Starter Motor, Alternator, Actuator, Pump-Vacuum, Oil & Water), 48V Mild-Hybrid, Degree of Hybridization and Vehicle Type - Global Forecast to 2022" report to their offering.
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.
The implementation of stringent emission norms and fuel economy standards globally as well as increasing vehicle production are driving the vehicle electrification market. Alternatively, the high cost of electric vehicles can undermine the demand for vehicle electrification.
Plug-in hybrid electric vehicles are projected to lead the vehicle electrification market, in terms of value, during the forecast period. Automakers are seeing plug-in hybrids as the gateway to electric vehicles. Government tax incentives and state rebates have boosted the proliferation of plug-in hybrid vehicles. Asia-Oceania and North America are estimated to be the fastest growing markets for plug-in hybrid electric vehicles. Increasing charging infrastructure in North America is responsible for the shift from conventional ICE vehicles to PHEV. OEMs in this region have also invested a significant amount in the development of vehicle electrification. This would also drive the demand for plug-in hybrid electric vehicles.
- 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.
ZF Friedrichshafen AG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Vehicle Electrification Market, By Product Type
7 Vehicle Electrification Market, By Degree of Hybridization
8 48v Mild Hybrid Market, By Region
9 Vehicle Electrification Market, By Vehicle Type & By Country
10 Competitive Landscape
11 Company Profile
For more information about this report visit https://www.researchandmarkets.com/research/h4mkqt/vehicle