Vehicle Electrification Market Supply & Demand, Size, and Competitive Landscape

1. Vehicle Electrification Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2018-2026

2. REPORT DESCRIPTION Vehicle Electrification Market – Overview Global vehicle electrification market was valued at US$ 57.50 billion in 2016, is projected to exhibit a CAGR of 8.82% over the forecast period (2017–2025), to be valued at US$ 121.60 billion by 2025. Requirement to improve automotive fuel economy by replacing the mechanical linkages with electrical or electronic components is among the major trend that has gained traction in the automotive sector. These automotive functions includes the starters, steering, vacuum pumps, oil pumps, braking systems, and water pumps among others. This will fuel the growth of global vehicle electrification market over the forecast period..

3. REPORT DESCRIPTION Vehicle Electrification 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. Get PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/1144

4. REPORT DESCRIPTION Vehicle Electrification Market – Key Players ●Delphi Automotive PLC ●Denso Corporation ●Hitachi Automotive Systems Ltd. ●Johnson Controls Inc Read More @ https://www.coherentmarketinsights.com/market-insight/vehicle-electrification-market-1 144

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