Stringent Emission Norms & Fuel Economy Standards to Drive the Vehicle Electrification Market in the Next Five Years

1. 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 www.MarketsandMarkets.com

2. Electric vacuum pump is estimated to be the fastest growing segment in vehicle electrification market Electric vacuum pump is projected to dominate the vehicle electrification market, in terms of value, by 2022. The electric vacuum pump is frequently used in electric, hybrid, and diesel vehicles. Asia-Oceania and North America are estimated to be the leading regions for the adoption of 48V mild-hybrid system, and hence, these regions are leading the global electric vacuum pump market. Additionally, based on a European Commission publication, CO2 emissions will be limited to 95 g/km as an average value throughout the vehicle fleet by 2020. This would further lead to the adoption of electric systems in vehicles. Countries such as India and China, who are the leaders in global vehicle production, also have plans to upgrade their regulations equivalent to Euro 6 by 2020. This would drive the demand for electric vacuum pump in these markets as the technology has benefits over mechanical vacuum pump. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=224946587

3. The market for ICE and micro-hybrid vehicles is estimated to witness the largest share in the vehicle electrification market According to MarketsandMarkets analysis, ICE and micro-hybrid vehicles are estimated to have the largest share of the vehicle electrification market in 2017. The limited availability of infrastructure such as charging stations for battery electric vehicles and high cost of hybrid electric vehicles and plug-in hybrid electric vehicles have increased the preference for ICE and micro-hybrid vehicles over hybrid vehicles. This trend is expected to continue for the next five years. With advancements in technology, Asia-Oceania and North America are estimated to lead the market for ICE and micro-hybrid vehicle segments. In addition, with increased competition between OEMs and wide choice of passenger and commercial vehicles, the demand for ICE vehicles is estimated to grow, especially in emerging countries such as China and India. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=224946587

4. 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. Plug-in hybrid electric vehicle is estimated to be the fastest growing segment in the vehicle electrification market, by degree of hybridization.  Automakers are seeing plug-in hybrids as the gateway to fully electric vehicles. Government tax incentives and state rebates have boosted the proliferation of plug-in hybrid vehicles. ICE and micro-hybrid vehicles have the largest market size as they have the highest production and sales among all the vehicles types. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=224946587

5. Asia-Oceania region is estimated to be the leading market for vehicle electrification Asia-Oceania is estimated to dominate the vehicle electrification market, as the region represents countries such as China, Japan, South Korea, and India with the world’s highest vehicle production. According to the Organisation Internationale des Constructeurs d Automobiles (OICA) publication, these countries together contributed ~53% to the global vehicle production in 2016. Additionally, owing to the easy availability of economic labor, government support for FDI, and lenient regulations (as compared with Western countries), the Asia-Oceania market has created promising opportunities for automobile manufacturersand component suppliers. Also, countries like China and India have plans to upgrade their emission regulations by 2020. For instance, India is planning to skip BS V regulations by leapfrogging to BS VI. This is a positive development for the vehicle electrification market. Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=224946587

6. Market Ecosystem: 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. Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=224946587

7. Browse >> 114market data tables 67figures 249pagesand in-depth TOC "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“ Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

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