Vehicle Electrification Market, by Degree of Hybridization, Product Type, and Region - Trends, and Forecast, 2022 - 2028

Vehicle Electrification Market, by Degree of Hybridization, Product Type, and Region - Trends, and Forecast, 2022 - 2028

Conventional internal combustion engines featuring mechanical linkages were characterized by significant loss of efficiency, owing to its friction and high energy requirement. Electric components that prominently include the electric power steering, positive temperature coefficient liquid heater, air compressor, vacuum, pumps, starter generators and actuators among others, enhance the automotive fuel efficiency, add to the users comfort, and also reduce the environmental impacts of the carbon emissions from these automotive. Advent of electric vehicles with better battery backup and optimum driving speeds has in turn fueled the demand for the vehicle electrification market for environment friendly automotive industry over the near future.
Market Dynamics
Requirement to improve automotive fuel economy, reduce carbon footprint, need to enhance driver awareness regarding the safety in conjunction with the added comfort and compliance with the regional regulations is expected to be among the prominent factors driving the industry growth. Moreover, feature enhancements that include less space requirements, highly sensitive outputs, and robust performance with relatively better durability also adds to the consumer motivation for the adoption of these systems. For instance, hydraulic power steering systems are more complicated, weigh more, require regular maintenance of hydraulic fluids, and are more prone to faults in relation to electrical power steering (EPS) system. EPS system also offer better sensitive response at distinct speeds and consume less power, adding to the mileage of the automotive. However, high cost of the electronic and electric components are expected to be the major factors hampering the global vehicle electrification market growth.
Key features of the study:

This report provides in-depth analysis of vehicle electrification, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global vehicle electrification market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, vehicle electrification market capital, key developments, strategies, and future plans
Key companies covered as a part of this study 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.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product up-gradation, market expansion, and marketing tactics
The global vehicle electrification market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global vehicle electrification market

Detailed Segmentation:

Global Vehicle Electrification Market, By Product Type:

Start/Stop System
Electric Power Steering (EPS)
Liquid Heater PTC
Electric Air Conditioner Compressor
Electric Vacuum Pump
Electric Oil Pump
Electric Water Pump
Starter Motor & Alternator
Integrated Starter Generator (ISG)
Actuators

Global 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)

Global Vehicle Electrification Market, By Geography:

North America

By Product Type:

Start/Stop System
Electric Power Steering (EPS)
Liquid Heater PTC
Electric Air Conditioner Compressor
Electric Vacuum Pump (fastest growing market)
Electric Oil Pump
Electric Water Pump
Starter Motor & Alternator
Integrated Starter Generator (ISG)
Actuators

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 Country:

U.S.
Canada

Europe

By Product Type:

Start/Stop System
Electric Power Steering (EPS)
Liquid Heater PTC
Electric Air Conditioner Compressor
Electric Vacuum Pump (fastest growing market)
Electric Oil Pump
Electric Water Pump
Starter Motor & Alternator
Integrated Starter Generator (ISG)
Actuators

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 Country:

Germany
UK
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific

By Product Type:

Start/Stop System
Electric Power Steering (EPS)
Liquid Heater PTC
Electric Air Conditioner Compressor
Electric Vacuum Pump (fastest growing market)
Electric Oil Pump
Electric Water Pump
Starter Motor & Alternator
Integrated Starter Generator (ISG)
Actuators

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 Country:

China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific

Latin America

By Product Type:

Start/Stop System
Electric Power Steering (EPS)
Liquid Heater PTC
Electric Air Conditioner Compressor
Electric Vacuum Pump (fastest growing market)
Electric Oil Pump
Electric Water Pump
Starter Motor & Alternator
Integrated Starter Generator (ISG)
Actuators

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 Country:

Brazil
Mexico
Rest of Latin America

Middle East & Africa

By Product Type:

Start/Stop System
Electric Power Steering (EPS)
Liquid Heater PTC
Electric Air Conditioner Compressor
Electric Vacuum Pump (fastest growing market)
Electric Oil Pump
Electric Water Pump
Starter Motor & Alternator
Integrated Starter Generator (ISG)
Actuators

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 Country:

GCC Countries
Israel
Northern Africa
Central Africa
South Africa
Rest of MEA

Company Profiles

Aisin Seiki Co. Ltd.*

Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates

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

“*” marked represents similar segmentation in other categories in the respective section.