May 23, 2020 (CDN Newswire via Comtex) -- ' Vehicle Electrification Market Research Report', the report is complete with an elaborate research undertaken by prominent analysts and a detailed analysis of the global industry place . The Vehicle Electrification market research report deals with the Automotive industry's systematic collection and estimation of market information. The market data described in the Vehicle Electrification report helps the worldwide Automotive industry to identify various market opportunities. Such market research reporting is always advantageous in marketing products or services for any company, whether small or large. The analytical study of this Vehicle Electrification market report supports the mapping of growth strategies to increase sales and build on the market brand image. In addition, all CAGR projections for 2016, 2017 base year and 2020-2027 forecast period are provided in this market report. Companies can set inventive ideas and striking sales goals by drawing inspiration from rivals ' marketing strategies, which in turn allows them to gain competitive advantage over their competitors. Therefore, the Vehicle Electrification market report is a key tool for increasing business activity, doing qualitative work and boosting profits.
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vehicle electrification market is expected to rise to an estimated value of USD 133.85 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026.
"Product definition" Vehicle electrification is the broad category of automotive transformation which is focused on integrating electric components, and technology in the operations of the vehicle. This integration of electric technology and components in vehicles results in a variety of services being controlled by electricity. The power output is varied depending on the application and requirement. This technology is focused on converting the traditional/conventional vehicle systems into electrified processes.
Competitive Landscape Global vehicle electrification market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vehicle electrification market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa. Future Outlook and by Top key players Analysis Robert Bosch GmbH; Continental AG; DENSO CORPORATION; Delphi Technologies; MITSUBISHI MOTORS CORPORATION; BorgWarner Inc.; Magna International Inc.; Johnson Electric Holdings Limited; AISIN SEIKI Co., Ltd.; JTEKT Corporation; Hitachi Automotive Systems, Ltd.; Allison Transmission Inc.; Calsonic Kansei Corporation; ZF Friedrichshafen AG; Valeo; WABCO; GKN Sinter Metals Engineering GmbH; Schaeffler AG; MAHLE GmbH; Dana Limited; Nexteer Automotive; Mando Corp.; Volkswagen AG; Honda Motor Co., Ltd. among others.
Global Vehicle Electrification Market: Segment Analysis
Global Vehicle Electrification Market By Product Type (Start-Stop, EPS, Liquid Heater PTC, Electric Air Conditioner Compressor, Electric Vacuum Pump, Electric Oil Pump, Electric Water Pump, Thermoelectric Generator, Electric Turbocharger, Starter Motor, Alternator, ISG, Actuator), Voltage (12V, 14V, 24V, 48V), Vehicle Type (PC, Two-Wheeler, LCV, HCV), Degree of Hybridization (ICE & Micro Hybrid Vehicle, HEV, PHEV, BEV & FCEV, 48 V Vehicle), Channel Type (OEMs, Aftermarket), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) - Industry Trends and Forecast to 2026
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What are the major market growth drivers?
Rapid rise in the demand for environmental friendly automotive; this factor is expected to drive the growth of the market
Growing concerns regarding the environment and drastic effects that the usage of ICE automotive has on the environment; this factor is expected to augment growth of the market
Presence of regulations regarding the reduction of vehicle emissions is also expected to augment the growth of this market
Greater adoption rate of electric vehicles is also expected to foster the growth of the market
Key Highlights from Vehicle Electrification Market Study.
Revenue and Sales Estimation -- Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally macroeconomic factor and regulatory policies are ascertained in Vehicle Electrification industry evolution and predictive analysis.
Manufacturing Analysis --the report is currently analyzed concerning various product type and application. The Vehicle Electrification market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry experts and Key officials of profiled companies.
Competition -- Leading players have been studied depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand & Supply and Effectiveness -- Vehicle Electrification report additionally provides distribution, Production, Consumption & EXIM** (Export & Import). ** If applicable
In addition, the years considered for the study are as follows:
Historical year - 2014-2019 | Base year - 2019 | Forecast period - 2020 to 2027
Data Sources & Methodology