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Vehicle Electrification Market Size, Market Segmentation and Future Forecasts to 2026

The global vehicle electrification market is forecast to reach USD 129.50 Billion by 2026, according to a new report by Reports and Data. The market is projected to witness a considerable growth during the forecast period. The edifice for the growth of the market is enhanced vehicle efficiency and performance due to its electrification.

KiranGaikwad
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Vehicle Electrification Market Size, Market Segmentation and Future Forecasts to 2026

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  1. Vehicle Electrification Market To Reach USD 129.50 Billion By 2026

  2. Market Summary Government support to promote electric vehicles and the increasing emphasis on reducing emissions from commercial vehicles are some of the factors propelling the Vehicle Electrification market. Market Size – USD 60.93 Billion in 2018, Market Growth - CAGR of 9.3%, Market Trends –The elevating demand for 48v Architecture. The global vehicle electrification market is forecast to reach USD 129.50 Billion by 2026, according to a new report by Reports and Data. The market is projected to witness a considerable growth during the forecast period. The edifice for the growth of the market is enhanced vehicle efficiency and performance due to its electrification. Further key findings from the report suggest • In context to region, Europe occupies the second-largest market share of 22.0% in 2018, with a CAGR of 9.1% during the forecast period.  • In the context of Hybridization, the Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle yielded the highest revenue of USD 33.51 Billion in 2018, with a CAGR of 8.7% during the forecast period. • The Vehicle Electrification market held a market share of USD 60.93 Billion in the year 2018 and forecasted to grow at a rate of 9.3% during the forecast period. • In regards to Component, the Electric Power Steering (EPS) segment generated the highest revenue of USD 12.19 Billion in 2018, with a growth rate of 8.8% during the forecast period. www.reportsanddata.com

  3. Key Players: • Continental, Delphi, Denso, Bosch, Borgwarner, Mitsubishi, Magna, Johnson Electric, Johnson Controls, and Aisin Seiki. • Segmentation: • Component Type Outlook (Revenue, USD Billion; 2016-2026), Electric Power Steering (EPS), Start-Stop, Liquid Heater PTC, Electric Vacuum Pump, Electric Air Conditioner Compressor, Electric Water Pump, Electric Oil Pump, Alternator, Actuator, Starter Motor, Integrated Starter Generator (ISG) • Hybridization Type Outlook (Revenue, USD Billion; 2016-2026), Hybrid Electric Vehicle (HEV), Internal Combustion Engine (ICE) & , Micro-Hybrid Vehicle, Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV) • Voltage Type Outlook (Revenue, USD Billion; 2016-2026), 12V, 14V, 24V, 48V • Vehicle Type Outlook (Revenue, USD Billion; 2016-2026), Passenger Vehicles, Commercial Vehicles www.reportsanddata.com

  4. Regional Vehicle Access Control Market (Regional Output, Demand & Forecast by Countries):- • North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More. www.reportsanddata.com

  5. Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market www.reportsanddata.com

  6. AboutUs: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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