Vehicle Electrification Market to Hit 92.59 Billion USD by 2022

1. MarketsandMarkets Presents Vehicle Electrification Market to Hit 92.59 Billion USD by 2022

2. 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@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=224946587

3. Source: MarketsandMarkets Analysis

4. 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.

5. 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 • Government’s 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 • Electric Vacuum Pump • Electric Oil Pump • Electric Water Pump • Liquid Heater PTC

6. 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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