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Vehicle Electrification Market by Product (Start-Stop, PTC, EPS, Electric Air Conditioner, ISG, Starter Motor, Alternator, Actuator, Electric Pump-Vacuum, Oil & Water), 48V, ICE, BEV, HEV, PHEV, Vehicle Type, and Region - Global Forecast to 2025

  • ID: 5144981
  • Report
  • September 2020
  • Region: Global
  • 206 Pages
  • Markets and Markets
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The Vehicle Electrification Market is Projected to Grow at a CAGR of 11.9% to Reach USD 129.6 Billion by 2025 from USD 73.7 Billion

FEATURED COMPANIES

  • Aisin Seiki
  • Calsonic Kansei
  • Delphi
  • Johnson Controls
  • Magna
  • Schaeffler
  • MORE

Demand for increased fuel economy, low maintenance cost, and improved performance are boosting the trend of vehicle electrification.

OEMs are switching from conventional technology to advanced technology for complying with the norms and increasing vehicle efficiency. There are multiple engines, transmission, and hybrid technologies that can help in improving the fuel efficiency of a vehicle. For instance, according to the US Department of Energy (US DOE), the start-stop system can improve fuel efficiency by up to 5%, based on driving and traffic conditions. Also, components such as electric oil pumps and electric vacuum pumps consume lesser energy than their conventional counterparts. However, the higher cost of electric vehicles can undermine the demand for vehicle electrification.   

The market for BEVs is estimated to witness the fastest growth in the vehicle electrification market.

BEVs are projected to lead the vehicle electrification market, in terms of value, during the next 10 years. Automakers are seeing BEVs as a gateway to achieving fuel emission and economy standards set by governments. Government tax incentives and state rebates have boosted the proliferation of BEVs. Asia Oceania and North America are the fastest growing regions for BEVs. Increasing charging infrastructure in North America would be responsible for the shift from conventional ICE vehicles to BEVs. OEMs of this region have also invested significantly in vehicle electrification. This would also drive the demand for BEVs.

The electric power steering (EPS) is estimated to be the largest segment of the vehicle electrification market.

Electric Power Steering (EPS) systems are power-assisted steering products that eliminate the association between the steering system and the engine. EPS is the most popular steering system in the global market as it reduces fuel consumption and emissions, limits the required servicing, and improves maneuverability. In Europe and North America, almost all vehicles have EPS, and in Asia Oceania, the trend is growing rapidly. Hence, the EPS segment is estimated to hold the largest market share during the forecast period.

Asia Oceania: the largest vehicle electrification market in the automotive industry.

Asia Oceania is the leading vehicle electrification market as the region represents countries such as China, Japan, South Korea, and India, with the world’s highest vehicle production. The automobile industry is flourishing, especially in South Asia. Additionally, Asia Oceania has created hubs for automobile manufacturers and automotive component suppliers. Considering the vehicle electrification market in the Asia Oceania region in 2019, the passenger car segment is estimated to lead the market, comprising more than 80% of the vehicle electrification market in the region, followed by the LCV segment, in terms of both volume and value. As Asia Oceania has the largest share of passenger cars, ICE vehicles are expected to dominate the vehicle electrification market in Asia Oceania. Countries such as 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. Additionally, the demand for more electric and electronic components in vehicles helps drive vehicle electrification.   

Breakdown of Primaries

The study contains insights provided by various industry experts, ranging from vehicle electrification OEMs to vehicle electrification component suppliers. The break-up of the primaries is as follows:

  • By Company Type -  Tier-I - 25%, Tier-II - 20% OEMs – 40%, and Others - 15%
  • By Designation - C level - 40%, D level - 35%, and Others** - 25%
  • By Region - North America - 35%, Europe - 35%, Asia Oceania - 25%, RoW - 5%

Note: Others** include sales managers, product managers, and associations.
Tier 1  - System suppliers to OEMs, Tier 2 - component suppliers to Tier 1. OEMs are Vehicle Manufacturers Others are Industry experts and Independent consultants

The vehicle electrification market comprises major manufacturers such as Bosch (Germany), Continental (Germany), Denso (Japan), BorgWarner (US), and Mitsubishi Electric (Japan).

Research Coverage:

The report provides a picture of the vehicle electrification market across different verticals and regions. It aims at estimating the market size and future growth potential of the vehicle electrification market, by product type, by the degree of hybridization, 48V, by vehicle type, and by region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, Vendor DIVE matrix, recent developments, and key market strategies.

Key Benefits of Buying the Report:

This report provides insights with reference to the following points:

  • The report will help market leaders and new entrants by providing them the closest approximations of the revenue numbers for the overall vehicle electrification market and subsegments.
  • This report will help stakeholders better understand the competitor landscape and gain more insights to position their businesses better and make suitable go-to-market strategies.
  • The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aisin Seiki
  • Calsonic Kansei
  • Delphi
  • Johnson Controls
  • Magna
  • Schaeffler
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
Figure 1 Global Vehicle Electrification Market Segmentation
1.3.2 Years Considered in the Study
1.4 Currency
Table 1 Currency Exchange Rates (Per USD)
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Vehicle Electrification Market: Research Design
Figure 3 Research Design Model
2.2 Secondary Data
2.2.1 Key Secondary Sources for Vehicle Production
2.2.2 Key Secondary Sources for Market Sizing
2.2.3 Key Data From Secondary Sources
2.3 Primary Data
Figure 4 Breakdown of Primary Interviews
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach: Vehicle Electrification Market
2.4.2 Bottom-Up Approach: Electric Vehicle Electrification Market
2.5 Market Breakdown and Data Triangulation
Figure 5 Data Triangulation
2.6 Assumptions

3 Executive Summary
3.1 Pre- & Post-Covid-19 Scenario
Figure 6 Pre- & Post-Covid-19 Scenarios: Vehicle Electrification Market, 2017-2025 (Million Units)
Table 2 Vehicle Electrification Market: Pre- & Post- Covid-19 Scenario, 2017–2025 (Million Units)
Figure 7 Vehicle Electrification Market: Market Outlook
Figure 8 Vehicle Electrification Market, by Region, 2020 Vs. 2025 (Million Units)

4 Premium Insights
4.1 Attractive Opportunities in the Vehicle Electrification Market
Figure 9 Stringent Emission Norms & Fuel Economy Standards to Drive the Vehicle Electrification Market in the Next 5 Years
4.2 Vehicle Electrification Market, by Region
Figure 10 Asia Oceania to Hold the Largest Share in the Vehicle Electrification Market, 2019 (Value)
4.3 Vehicle Electrification Market Growth Trends, by Country
Figure 11 Vehicle Electrification Market in Mexico to Grow at the Highest Rate During the Forecast Period, 2019–2027 (Value)
4.4 Vehicle Electrification Market, by Product
Figure 12 Electric Power Steering (Eps) to Have the Largest Market Size During the Forecast Period (Value)
4.5 Vehicle Electrification Market, by Vehicle Type
Figure 13 Passenger Car Segment to Hold the Largest Market Share, 2019 (Value)
4.6 Vehicle Electrification Market, by Degree of Hybridization
Figure 14 Ice & Micro-Hybrid Vehicles Are Expected to Have the Largest Market for Vehicle Electrification, 2019 Vs. 2027 (Value)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 15 Vehicle Electrification Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Need for 48V Architecture
5.2.1.2 Adoption of Advanced Technologies Such as E-Axle in Electric Vehicles
Table 3 Top Hev & Phev Models With Advanced Technologies and Sales
5.2.2 Restraints
5.2.2.1 Difficulty in Achieving and Maintaining An Optimum Power-To-Weight Ratio
Table 4 Battery Type Vs. Power-To-Weight Ratio
Table 5 Power Output-To-Vehicle Weight
5.2.2.2 Higher Cost of Electric Systems
5.2.3 Opportunities
5.2.3.1 Use of Alternate Materials for Overall Weight Reduction to Open New Avenues in Electric Vehicle Technologies
5.2.3.2 Electrification of Commercial Vehicles
5.2.4 Challenges
5.2.4.1 Developing Fail-Safe Electronic and Electrical Components
5.2.4.2 High Cost of Hybrid and Plug-In Hybrid Vehicles
5.3 Covid-19 Impact on Automotive Industry
Table 6 Europe: Loss in Vehicle Production Due to Plant Shutdowns, by Country (Units)
Figure 16 Automotive Production: Pre- & Post-Covid-19 Scenarios, 2017–2025 (‘000 Units)
Table 7 Automotive Production: Pre- &Post-Covid-19 Scenarios, 2017–2025 (‘000 Units)
5.4 Covid-19 Impact Analysis on Vehicle Electrification Market
Figure 17 Vehicle Electrification Market Scenarios, 2017-2025 (Million Units)
5.4.1 Most Likely/Realistic Scenario
Table 8 Vehicle Electrification Market (Realistic Scenario), by Region, 2018–2025 (Million Units)
5.4.2 High Covid-19 Impact Scenario
Table 9 Vehicle Electrification Market (High Covid-19 Impact Scenario), by Region, 2018–2025 (Million Units)
5.4.3 Low Covid-19 Impact Scenario
Table 10 Vehicle Electrification Market (Low Covid-19 Impact Scenario), by Region, 2018–2025 (Million Units)

6 Industry Trends
6.1 Introduction
6.2 Company Vs Product
Table 11 Company Vs Product, 2018-2025
6.3 48 V Hybrid Architecture
Figure 18 Vehicle Electrification With Potential Fuel Savings
6.4 Porter’S Five Forces Analysis
Figure 19 Porter’s Five Forces Analysis
6.4.1 Threat of New Entrants
Figure 20 Capital-Intensive Nature and High R&D Expenditure of the Electric Vehicle Industry to Have the Highest-Impact on New Market Entrants
6.4.2 Threat of Substitutes
Figure 21 Unavailability of Sufficient Infrastructure and Product Range Lowers the Threat of Substitutes
6.4.3 Bargaining Power of Suppliers
Figure 22 High Switching Cost and Backward Integration Impacts the Bargaining Power of Suppliers
6.4.4 Bargaining Power of Buyers
Figure 23 Limited Number of Substitutes and Lower Volume of Purchases Lead to a Decrease in Buyer Bargaining Power
6.4.5 Intensity of Competitive Rivalry
Figure 24 High Industry Growth Rate and Exit Barriers Drive the Intensity of Competitive Rivalry

7 48V Vehicle
7.1 Introduction
7.2 Need for 48V Architecture
7.3 48V Mild Hybrid Market, by Region
Figure 25 48V Mild Hybrid Market, by Region
7.3.1 Europe is Estimated to Be the Largest Market
Table 12 48V Mild Hybrid Market, by Region, 2017–2027 (000’ Units)
Table 13 48V Mild Hybrid Market, by Region, 2017–2027 (USD Million)
Table 14 48V Mild Hybrid Market, by Product, 2017–2027 (USD Million)
7.4 Impact of 48V Architecture
Figure 26 Load Distribution of 12V/48V Architecture
Figure 27 Cable Thickness Vs Maximum Power
Table 15 Iso 6722 Norms for Aluminum Wiring

8 Vehicle Electrification Market, by Product Type
8.1 Introduction
Table 16 Energy Efficient Technologies & Fuel Efficiency Advantages
8.1.1 Research Methodology
Figure 28 Primary Insight
Table 17 Vehicle Type Vs Product Type, 2018-2019
8.1.2 Assumptions
Figure 29 Vehicle Electrification Market Outlook, by Product Type, by Value, 2019 Vs 2027
Table 18 Vehicle Electrification Market, by Product Type, 2017–2019 (Million Units)
8.1.3 the Market for Electric Air Conditioner Compressor is Projected to Grow at the Highest CAGR
Table 19 Vehicle Electrification Market, by Product Type, 2020–2025 (Million Units)
Table 20 Vehicle Electrification Market, by Product Type, 2017–2027 (USD Million)
8.2 Start-Stop
8.2.1 Asia Oceania is Projected to Be the Fastest Growing Market
Table 21 Start-Stop System Market, by Region, 2017–2019 (Million Units)
Table 22 Start-Stop System Market, by Region, 2020–2025 (Million Units)
Table 23 Start-Stop System Market, by Region, 2017–2027 (USD Million)
8.3 Electric Power Steering (Eps)
8.3.1 Asia Oceania is Estimated to Be the Largest Market
Table 24 Electric Power Steering (Eps) Market, by Region, 2017–2019 (Million Units)
Table 25 Electric Power Steering (Eps) Market, by Region, 2020–2025 (Million Units)
Table 26 Electric Power Steering (Eps) Market, by Region, 2017–2027 (USD Million)
8.4 Liquid Heater Ptc
8.4.1 North American Market is Expected to Be the Second Largest
Table 27 Liquid Heater Ptc Market, by Region, 2017–2019 (Million Units)
Table 28 Liquid Heater Ptc Market, by Region, 2020–2025 (Million Units)
Table 29 Liquid Heater Ptc Market, by Region, 2017–2027 (USD Million)
8.5 Electric Air Conditioner Compressor
8.5.1 North America is Project to Be the Fastest-Growing Market Over the Forecast Period
Table 30 Electric Air Conditioner Compressor Market, by Region, 2017–2019 (Million Units)
Table 31 Electric Air Conditioner Compressor Market, by Region, 2020–2025 (Million Units)
Table 32 Electric Air Conditioner Compressor Market, by Region, 2017–2027 (USD Million)
8.6 Electric Vacuum Pump
8.6.1 the Asia Oceania Market for Electric Vacuum Pump is Estimated to Be the Largest Market
Table 33 Electric Vacuum Pump Market, by Region, 2017–2019 (Million Units)
Table 34 Electric Vacuum Pump Market, by Region, 2020–2025 (Million Units)
Table 35 Electric Vacuum Pump Market, by Region, 2017–2027 (USD Million)
8.7 Electric Oil Pump
8.7.1 Row is Projected to Be the Fastest-Growing Market Over the Forecast Period
Table 36 Electric Oil Pump Market, by Region, 2017–2019 (Million Units)
Table 37 Electric Oil Pump Market, by Region, 2020–2025 (Million Units)
Table 38 Electric Oil Pump Market, by Region, 2017–2027 (USD Million)
8.8 Electric Water Pump
8.8.1 North America is Projected to Be the Fastest-Growing Market Over the Forecast Period
Table 39 Electric Water Pump Market, by Region, 2017–2019 (Million Units)
Table 40 Electric Water Pump Market, by Region, 2020–2025 (Million Units)
Table 41 Electric Water Pump Market, by Region, 2017–2027 (USD Million)
8.9 Starter Motor
8.9.1 Asia Oceania is Estimated to Be the Largest Market
Table 42 Starter Motor Market, by Region, 2017–2019 (Million Units)
Table 43 Starter Motor Market, by Region, 2020–2025 (Million Units)
Table 44 Starter Motor Market, by Region, 2017–2027 (USD Million)
8.10 Alternator
8.10.1 Asia Oceania is Estimated to Be the Largest Market
Table 45 Alternator Market, by Region, 2017–2019 (Million Units)
Table 46 Alternator Market, by Region, 2020–2025 (Million Units)
Table 47 Alternator Market, by Region, 2017–2027 (USD Million)
8.11 Integrated Starter Generator (Isg)
8.11.1 Europe Market is Estimated to Be the Second Largest
Table 48 Integrated Starter Generator (Isg) Market, by Region, 2017–2019 (Million Units)
Table 49 Integrated Starter Generator (Isg) Market, by Region, 2020–2025 (Million Units)
Table 50 Integrated Starter Generator (Isg) Market, by Region, 2017–2027 (USD Million)
8.12 Actuator
8.12.1 Asia Oceania is Projected to Be the Fastest-Growing Market Over the Forecast Period
Table 51 Actuator Market, by Region, 2017–2019 (Million Units)
Table 52 Actuator Market, by Region, 2020–2025 (Million Units)
Table 53 Actuator Market, by Region, 2017–2027 (USD Million)
9 Vehicle Electrification Market, by Vehicle Type
9.1 Introduction
9.1.1 Research Methodology
Figure 30 Primary Insight
9.1.2 Assumptions
Figure 31 Vehicle Electrification Market, by Vehicle Type, 2019 Vs. 2027 (USD Million)
9.1.3 the Passenger Car Segment is Estimated to Be the Largest Market
Table 54 Vehicle Electrification Market, by Vehicle Type, 2017–2019 (Million Units)
Table 55 Vehicle Electrification Market, by Vehicle Type, 2020–2025 (Million Units)
Table 56 Vehicle Electrification Market, by Vehicle Type, 2020–2025 (USD Million)
9.2 Passenger Car
9.2.1 by Region
Table 57 Passenger Car Market, by Region, 2017–2019 (Million Units)
Table 58 Passenger Car Market, by Region, 2020–2025 (Million Units)
Table 59 Passenger Car Market, by Region, 2017–2027 (USD Million)
9.2.2 by Degree of Hybridization
Table 60 Passenger Car Market, by Degree of Hybridization, 2017–2019 (Million Units)
Table 61 Passenger Car Market, by Degree of Hybridization, 2020–2025 (Million Units)
Table 62 Passenger Car Market, by Degree of Hybridization, 2017–2027 (USD Million)
9.3 Light Commercial Vehicle (LCV)
9.3.1 by Region
Table 63 Lcv Market, by Region, 2017–2019 (Million Units)
Table 64 Lcv Market, by Region, 2020–2025 (Million Units)
Table 65 Lcv Market, by Region, 2017–2027 (USD Million)

10 Vehicle Electrification Market, by Degree of Hybridization
10.1 Introduction
Figure 32 Vehicle Electrification Market, by Degree of Hybridization, 2017 Vs. 2027
10.1.1 Research Methodology
Figure 33 Primary Insight
Table 66 Vehicle Type Vs Product, 2018-2019
10.1.2 Assumptions
10.1.3 the Ice Vehicle Segment is Expected to Be the Largest Market,
In Terms of Volume
Table 67 Vehicle Electrification Market, by Degree of Hybridization, 2017–2019 (Million Units)
Table 68 Vehicle Electrification Market, by Degree of Hybridization, 2020–2025 (Million Units)
Table 69 Vehicle Electrification Market, by Degree of Hybridization, 2020–2025 (USD Million)
Figure 34 Hybrid Technology
10.2 Internal Combustion Engine (Ice) & Micro Hybrid Vehicle
10.2.1 Asia Oceania is Expected to Be the Largest Market, in Terms of Volume
Table 70 Ice & Micro Hybrid Market, by Region, 2017–2019 (Million Units)
Table 71 Ice & Micro Hybrid Market, by Region, 2020–2025 (Million Units)
Table 72 Ice & Micro Hybrid Market, by Region, 2017–2027 (USD Million)
10.3 Hybrid Electric Vehicle (Hev)
10.3.1 Row is Expected to Be the Fastest-Growing Market
During the Forecast Period
Table 73 Hybrid Electric Vehicle Market, by Region, 2017–2019 (Million Units)
Table 74 Hybrid Electric Vehicle Market, by Region, 2020–2025 Million Units)
Table 75 Hybrid Electric Vehicle Market, by Region, 2017–2027 (USD Million)
10.4 Plug-In Hybrid Electric Vehicle (Phev)
10.4.1 Asia Oceania is Expected to Be the Fastest-Growing Market During the Forecast Period
Table 76 Plug-In Hybrid Vehicle Market, by Region, 2017–2019 (Million Units)
Table 77 Plug-In Hybrid Vehicle Market, by Region, 2020–2025 (Million Units)
Table 78 Plug-In Hybrid Vehicle Market, by Region, 2017–2027 (USD Million)
10.5 Battery Electric Vehicle (Bev)
10.5.1 North America is Projected to Be the Largest Market During the Forecast Period
Table 79 Bev Market, by Region, 2017–2019 (Million Units)
Table 80 Bev Market, by Region, 2020–2025 (Million Units)
Table 81 Bev Market, by Region, 2017–2027 (USD Million)
10.6 48 V Vehicle
10.6.1 Europe is Expected to Be the Largest Market, in Terms of Volume
Table 82 48 V Vehicle Market, by Region, 2017–2019 (Million Units)
Table 83 48 V Vehicle Market, by Region, 2020–2025 (Million Units)
Table 84 48 V Vehicle Market, by Region, 2017–2027 (USD Million)

11 Vehicle Electrification Market, by Region
11.1 Introduction
Figure 35 Research Methodology
Figure 36 Primary Insight
11.1.1 Assumptions
Figure 37 Region-Wise Snapshot of the Vehicle Electrification Market (Value): Asia Oceania Accounts for the Largest Market Share, 2019 Vs. 2027
Table 85 Vehicle Electrification Market, by Region, 2017–2019 (Million Units)
Table 86 Vehicle Electrification Market, by Region, 2020–2025 (Million Units)
Table 87 Vehicle Electrification Market, by Region, 2017–2027 (USD Million)
11.2 Asia Oceania
Figure 38 Asia Oceania: Vehicle Electrification Market Snapshot
Figure 39 Asia Oceania: Vehicle Electrification Market, 2019 Vs. 2027 (USD Million)
Table 88 Asia Oceania Vehicle Electrification Market, by Country, 2017–2019 (Million Units)
Table 89 Asia Oceania Vehicle Electrification Market, by Country, 2020–2025 (Million Units)
Table 90 Asia Oceania Vehicle Electrification Market, by Country, 2017–2027 (USD Million)
11.2.1 China
11.2.1.1 China is Estimated to Record the Highest Growth
Table 91 China Market, by Product, 2017–2019 (Million Units)
Table 92 China Market, by Product Type, 2020–2025 (Million Units)
Table 93 China Market, by Product Type, 2017–2027 (USD Million)
11.2.2 Japan
11.2.2.1 Electric Air Conditioner Compressor is Estimated to Record the Highest Growth
Table 94 Japan Market, by Product Type, 2017–2019 (Million Units)
Table 95 Japan Market, by Product Type, 2020–2025 (Million Units)
Table 96 Japan Market, by Product Type, 2017–2027 (USD Million)
11.2.3 South Korea
11.2.3.1 Electric Power Steering is Expected to Hold the Second Largest Market
Table 97 South Korea Market, by Product Type, 2017–2019 (Million Units)
Table 98 South Korea Market, by Product Type, 2020–2025 (Million Units)
Table 99 South Korea Market, by Product Type, 2017–2027 (USD Million)
11.2.4 India
11.2.4.1 Electric Air Conditioner Compressor is Estimated to Record the Highest Growth
Table 100 India Market, by Product Type, 2017–2019 (Million Units)
Table 101 India Market, by Product Type, 2020–2025 (Million Units)
Table 102 India Market, by Product Type, 2017–2027 (USD Million)
11.2.5 Rest of Asia Oceania
11.2.5.1 Electric Power Steering is Expected to Hold the Second-Largest Market
Table 103 Rest of Asia Oceania Market, by Product Type, 2017–2019 (Million Units)
Table 104 Rest of Asia Oceania Market, by Product Type, 2020–2025 (Million Units)
Table 105 Rest of Asia Oceania Market, by Product Type, 2017–2027 (USD Million)
11.3 Europe
Figure 40 Europe: Vehicle Electrification Market Snapshot
Figure 41 Europe: Vehicle Electrification Market, 2019 Vs. 2027 (USD Million)
Table 106 Europe Vehicle Electrification Market, by Country, 2017–2019 (Million Units)
Table 107 Europe: Vehicle Electrification Market, by Country, 2020–2025 (Million Units)
Table 108 Europe: Vehicle Electrification Market, by Country, 2017–2027 (USD Million)
11.3.1 Germany
11.3.1.1 Electric Vacuum Pump is Estimated to Record the Highest Growth
Table 109 Germany Market, by Product Type, 2017–2019 (Million Units)
Table 110 Germany Market, by Product Type, 2020–2025 (Million Units)
Table 111 Germany Market, by Product Type, 2017–2027 (USD Million)
11.3.2 France
11.3.2.1 Electric Air Conditioner Compressor is Estimated to Record the Highest Growth
Table 112 France Market, by Product Type, 2017–2019 (Million Units)
Table 113 France Market, by Product Type, 2020–2025 (Million Units)
Table 114 France Market, by Product Type, 2017–2027 (USD Million)
11.3.3 UK
11.3.3.1 Electric Air Conditioner Compressor is Estimated to Record the Highest Growth
Table 115 UK Market, by Product Type, 2017–2019 (Million Units)
Table 116 UK Market, by Product Type, 2020–2025 (Million Units)
Table 117 UK Market, by Product Type, 2017–2027 (USD Million)
11.3.4 Spain
11.3.4.1 Electric Power Steering is Expected to Hold the Largest Market
Table 118 Spain Market, by Product Type, 2017–2019 (Million Units)
Table 119 Spain Market, by Product Type, 2020–2025 (Million Units)
Table 120 Spain Market, by Product Type, 2017–2027 (USD Million)
11.3.5 Rest of Europe
11.3.5.1 Electric Power Steering is Expected to Hold the Largest Market
Table 121 Rest of Europe Market, by Product Type, 2017–2019 (Million Units)
Table 122 Rest of Europe Market, by Product Type, 2020–2025 (Million Units)
Table 123 Rest of Europe Market, by Product Type, 2017–2027 (USD Million)
11.4 North America
Figure 42 North America: Vehicle Electrification Market, 2019 Vs. 2027 (USD Million)
Table 124 North America: Vehicle Electrification Market, by Country, 2017–2019 (Million Units)
Table 125 North America: Vehicle Electrification Market, by Country, 2020–2025 (Million Units)
Table 126 North America: Vehicle Electrification Market, by Country, 2017–2027 (USD Million)
11.4.1 US
11.4.1.1 Liquid Heater Ptc is Estimated to Record the Highest Growth
Table 127 US Market, by Product Type, 2017–2019 (Million Units)
Table 128 US Market, by Product Type, 2020–2025 (Million Units)
Table 129 US Market, by Product Type, 2017–2027 (USD Million)
11.4.2 Canada
11.4.2.1 Electric Power Steering is Expected to Hold the Largest Market
Table 130 Canada Market, by Product Type, 2017–2019 (Million Units)
Table 131 Canada Market, by Product Type, 2020–2025 (Million Units)
Table 132 Canada Market, by Product Type, 2017–2027 (USD Million)
11.4.3 Mexico
11.4.3.1 Integrated Starter Generator is Expected to Hold the Largest Market
Table 133 Mexico Market, by Product Type, 2017–2019 (Million Units)
Table 134 Mexico Market, by Product Type, 2020–2025 (Million Units)
Table 135 Mexico Market, by Product Type, 2017–2027 (USD Million)
11.5 Row
Figure 43 Row: Vehicle Electrification Market, 2019 Vs. 2027 (USD Million)
Table 136 Row: Vehicle Electrification Market, by Country, 2017–2019 (Million Units)
Table 137 Row: Vehicle Electrification Market, by Country, 2020–2025 (Million Units)
Table 138 Row: Vehicle Electrification Market, by Country, 2017–2027 (USD Million)
11.5.1 Brazil
11.5.1.1 Electric Power Steering is Expected to Hold the Largest Market
Table 139 Brazil Market, by Product Type, 2017–2019 (Million Units)
Table 140 Brazil Market, by Product Type, 2020–2025 (Million Units)
Table 141 Brazil Market, by Product Type, 2017–2027 (USD Million)
11.5.2 Russia
11.5.2.1 Electric Air Conditioner Compressor is Estimated to Record the
Fastest Growth
Table 142 Russia Market, by Product Type, 2017–2019 (Million Units)
Table 143 Russia Market, by Product Type, 2020–2025 (Million Units)
Table 144 Russia Market, by Product Type, 2017–2027 (USD Million)
11.5.3 Rest of Row
11.5.3.1 Actuator is Expected to Hold the Largest Market in Terms of Value
Table 145 Rest of Row Market, by Product Type, 2017–2019 (Million Units)
Table 146 Rest of Row Market, by Product Type, 2020–2025 (Million Units)
Table 147 Rest of Row Market, by Product Type, 2017–2027 (USD Million)

12 Competitive Landscape
12.1 Introduction
12.1.1 Vanguards
12.1.2 Innovators
12.1.3 Dynamic
12.1.4 Emerging
12.2 Vehicle Electrification Market: Vendor Dive Matrix
Figure 44 Vehicle Electrification Market: Vendor Dive Analysis
12.3 Competitive Benchmarking
Figure 45 Product Portfolio Analysis of Top Players in Vehicle Electrification Market
Figure 46 Business Strategy Excellence of Top Players in Vehicle Electrification Market
12.4 Market Ranking
Figure 47 Vehicle Electrification Market Ranking, 2017
12.5 Competitive Scenario
Figure 48 Companies Adopted Expansions as the Key Growth Strategy, 2014–2019
12.5.1 Expansion
Table 148 Expansions, 2015–2017
12.5.2 Supply Contracts
Table 149 Supply Contract, 2015–2017
12.5.3 New Product Launches/Developments
Table 150 New Product Launches/Developments, 2016–2017
12.5.4 Partnerships/Joint Ventures
Table 151 Partnership/Joint Ventures, 2016–2017
12.5.5 Mergers & Acquisitions
Table 152 Mergers & Acquisitions, 2015–2017

13 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View)*
13.1 Bosch
Figure 49 Bosch: Company Snapshot
Figure 50 Bosch: SWOT Analysis
13.2 Continental
Figure 51 Continental: Company Snapshot
Figure 52 Continental: SWOT Analysis
13.3 Denso
Figure 53 Denso: Company Snapshot
Figure 54 Denso: SWOT Analysis
13.4 Delphi
Figure 55 Delphi: Company Snapshot
13.5 Mitsubishi
Figure 56 Mitsubishi: Company Snapshot
Figure 57 Mitsubishi: SWOT Analysis
13.6 Borgwarner
Figure 58 Borgwarner: Company Snapshot
Figure 59 Borgwarner: SWOT Analysis
13.7 Johnson Electric
Figure 60 Johnson Electric: Company Snapshot
13.8 Magna
Figure 61 Magna: Company Snapshot
13.9 Aisin Seiki
Figure 62 Aisin Seiki: Company Snapshot
13.10 Johnson Controls
Figure 63 Johnson Control: Company Snapshot
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View Might Not Be Captured in Case of Unlisted Companies.
13.11 Additional Companies
13.11.1 Asia Oceania
13.11.1.1 JTEKT Corporation
13.11.1.2 Hitachi Automotive
13.11.1.3 Calsonic Kansei
13.11.2 Europe
13.11.2.1 ZF
13.11.2.2 Valeo
13.11.2.3 Wabco
13.11.2.4 GKN
13.11.2.5 Schaeffler
13.11.2.6 Mahle
13.11.3 North America
13.11.3.1 Dana (US)

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Subscription Portal
14.4 Available Customizations
14.4.1 48V Market, by Component & Region
14.4.1.1 Asia Oceania
14.4.1.1.1 Start-Stop System
14.4.1.1.2 Electric Power Steering (Eps)
14.4.1.1.3 Liquid Heater Ptc
14.4.1.1.4 Electric Air Conditioner Compressor
14.4.1.1.5 Electric Vacuum Pump
14.4.1.1.6 Electric Oil Pump
14.4.1.1.7 Electric Water Pump
14.4.1.1.8 Starter
14.4.1.1.9 Alternator
14.4.1.1.10 Integrated Starter Generator
14.4.1.1.11 Actuator
14.4.1.2 Europe
14.4.1.2.1 Start-Stop System
14.4.1.2.2 Electric Power Steering (Eps)
14.4.1.2.3 Liquid Heater Ptc
14.4.1.2.4 Electric Air Conditioner Compressor
14.4.1.2.5 Electric Vacuum Pump
14.4.1.2.6 Electric Oil Pump
14.4.1.2.7 Electric Water Pump
14.4.1.2.8 Starter
14.4.1.2.9 Alternator
14.4.1.2.10 Integrated Starter Generator
14.4.1.2.11 Actuator
14.4.1.3 North America
14.4.1.3.1 Start-Stop System
14.4.1.3.2 Electric Power Steering (Eps)
14.4.1.3.3 Liquid Heater Ptc
14.4.1.3.4 Electric Air Conditioner Compressor
14.4.1.3.5 Electric Vacuum Pump
14.4.1.3.6 Electric Oil Pump
14.4.1.3.7 Electric Water Pump
14.4.1.3.8 Starter
14.4.1.3.9 Alternator
14.4.1.3.10 Integrated Starter Generator
14.4.1.3.11 Actuator
14.4.1.4 Rest of the World
14.4.1.4.1 Start-Stop System
14.4.1.4.2 Electric Power Steering (Eps)
14.4.1.4.3 Liquid Heater Ptc
14.4.1.4.4 Electric Air Conditioner Compressor
14.4.1.4.5 Electric Vacuum Pump
14.4.1.4.6 Electric Oil Pump
14.4.1.4.7 Electric Water Pump
14.4.1.4.8 Starter
14.4.1.4.9 Alternator
14.4.1.4.10 Integrated Starter Generator
14.4.1.4.11 Actuator
14.5 Related Reports
14.6 Author Details

Note: Product cover images may vary from those shown
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  • Aisin Seiki
  • BorgWarner
  • Bosch
  • Calsonic Kansei
  • Continental
  • Dana
  • Delphi
  • Denso
  • GKN
  • Hitachi Automotive Systems
  • JTEKT Corporation
  • Johnson Controls
  • Johnson Electric
  • Magna
  • Mahle
  • Mitsubishi Electric
  • Schaeffler
  • Valeo
  • Wabco Holding Inc
  • ZF
Note: Product cover images may vary from those shown
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