Global Vehicle Electrification Market Analysis 2020

The Global Vehicle Electrification Market is expected to reach $129.00 billion by 2026 growing at a CAGR of 14.7% during 2019 to 2026. Vehicle electrification is the method of electrifying the vehicle at all aspects. It means transforming the vehicle to use electric energy by integrating electric components and technological solutions for the operations in the vehicle. It may cover the electrification of propulsion and different components of the vehicles. Vehicle electrification is considered to be the best to eliminate or reduce carbon emission and increase vehicle efficiency. It is also helping the user to less dependent on oil and non-renewable resource. The electrification can be done for different types of vehicle at different voltage type, which includes 12V, 14V, 24V, and 48V. 48V voltage is the most commonly used voltage type in vehicles. Factors such as rising need for 48V architecture, adoption of advanced technologies such as e-axle in electric vehicles, rise in demand for electric vehicles, the displacement of conventional components with electric propulsion in the automobiles, reduction in pollutants, the development of new intelligent transport systems, and strict government regulations coupled with emergence of eco-friendly vehicles are fuelling the market growth. However, higher cost of electric systems is hampering the market. By degree of hybridization, the plug-in hybrid electric vehicle (PHEV) is the fastest growing segment in the vehicle electrification market, owing to increasing charging infrastructure in China, the US, and European countries would be responsible for the shift from conventional ICE vehicles to PHEVs. OEMs of these regions are also investing significantly in vehicle electrification. This would also drive the demand for PHEVs. Moreover, growing demand for PHEV is attributed to increasing consumer preference on benefits of fuel efficiency and lower operational and maintenance cost of the vehicle. Substantial growth in the technological environment resulted in features to PHEV such as switching to conventional mode while the battery is emptied, lowered tailpipe emission. Government emphasis on decarbonization is further positively impacting the demand for PHEV. The key vendors mentioned are ContinentalAG, Robert Bosch GmbH., Mitsubishi Electric Corporation, Denso Corporation, Magna International Inc., Johnson Electric Holdings Limited, Hitachi Automotive Systems, Ltd., BorgWarner Inc., Delphi Automotive PLC, ZF Friedrichshafen AG., Aisin Seiki Co. Ltd., JTEKT Corporation (Toyota Group), Nexteer Automotive, TRW Automotive Holdings, Mando Corp, and Wabco Holdings Inc. Vehicle Types Covered: • Passenger Cars • Two-Wheeler • Light Commercial Vehicle (LCV) • Heavy Commercial Vehicle (HCV) • Bus Degree of Hybridization Covered: • Battery Electric Vehicle (BEV) • Internal Combustion Engine (ICE) Vehicle • Hybrid Electric Vehicle (HEV) • Plug-In Hybrid Electric Vehicle (PHEV) • Micro & Full Hybrid Vehicle • Fuel Cell Electric Vehicle (FCEV) • 48V Mild-Hybrid Product Types Covered: • Electric Air-Conditioner Compressor • Integrated Starter Generator (ISG) • Start/Stop System • Electric Vacuum Pump • Alternator • Electric Water Pump • Electric Power Steering (EPS) • Starter Motor • Actuator • Electric Oil Pump • Electric Turbocharger • Thermoelectric Generator • Liquid Heater Positive Temperature Coefficient (PTC) • Electric Car Motors • Electric Fuel Pump Sales Channels Covered: • Aftermarket • Original Equipment Manufacturers (OEM's) Voltages Covered: • 48V • 24V • 14V • 12V Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2018 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analysed during the forecast period

1 Market Synopsis

2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources

3 Market Dynamics
3.1 Drivers
3.2 Restraints

4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Vehicle Electrification Market, By Vehicle Type
5.1 Introduction
5.2 Passenger Cars
5.3 Two-Wheeler
5.4 Light Commercial Vehicle (LCV)
5.5 Heavy Commercial Vehicle (HCV)
5.6 Bus

6 Global Vehicle Electrification Market, By Degree of Hybridization
6.1 Introduction
6.2 Battery Electric Vehicle (BEV)
6.3 Internal Combustion Engine (ICE) Vehicle
6.4 Hybrid Electric Vehicle (HEV)
6.5 Plug-In Hybrid Electric Vehicle (PHEV)
6.6 Micro & Full Hybrid Vehicle
6.7 Fuel Cell Electric Vehicle (FCEV)
6.8 48V Mild-Hybrid

7 Global Vehicle Electrification Market, By Product Type
7.1 Introduction
7.2 Electric Air-Conditioner Compressor
7.3 Integrated Starter Generator (ISG)
7.4 Start/Stop System
7.5 Electric Vacuum Pump
7.6 Alternator
7.7 Electric Water Pump
7.8 Electric Power Steering (EPS)
7.9 Starter Motor
7.10 Actuator
7.11 Electric Oil Pump
7.12 Electric Turbocharger
7.13 Thermoelectric Generator
7.14 Liquid Heater Positive Temperature Coefficient (PTC)
7.15 Electric Car Motors
7.16 Electric Fuel Pump

8 Global Vehicle Electrification Market, By Sales Channel
8.1 Introduction
8.2 Aftermarket
8.3 Original Equipment Manufacturers (OEM’s)

9 Global Vehicle Electrification Market, By Voltage
9.1 Introduction
9.2 48V
9.3 24V
9.4 14V
9.5 12V

10 Global Vehicle Electrification Market, By Geography
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa

11 Strategic Benchmarking

12 Vendors Landscape
12.1 ContinentalAG
12.2 Robert Bosch GmbH.
12.3 Mitsubishi Electric Corporation
12.4 Denso Corporation
12.5 Magna International Inc.
12.6 Johnson Electric Holdings Limited
12.7 Hitachi Automotive Systems, Ltd.
12.8 BorgWarner Inc.
12.9 Delphi Automotive PLC
12.10 ZF Friedrichshafen AG.
12.11 Aisin Seiki Co. Ltd.
12.12 JTEKT Corporation (Toyota Group)
12.13 Nexteer Automotive
12.14 TRW Automotive Holdings
12.15 Mando Corp
12.16 Wabco Holdings Inc.

List of Data Tables
1 Global Vehicle Electrification Market Outlook, By Region (2018-2026) ($MN)
2 Global Vehicle Electrification Market Outlook, By Vehicle Type (2018-2026) ($MN)
3 Global Vehicle Electrification Market Outlook, By Passenger Cars (2018-2026) ($MN)
4 Global Vehicle Electrification Market Outlook, By Two-Wheeler (2018-2026) ($MN)
5 Global Vehicle Electrification Market Outlook, By Light Commercial Vehicle (LCV) (2018-2026) ($MN)
6 Global Vehicle Electrification Market Outlook, By Heavy Commercial Vehicle (HCV) (2018-2026) ($MN)
7 Global Vehicle Electrification Market Outlook, By Bus (2018-2026) ($MN)
8 Global Vehicle Electrification Market Outlook, By Degree of Hybridization (2018-2026) ($MN)
9 Global Vehicle Electrification Market Outlook, By Battery Electric Vehicle (BEV) (2018-2026) ($MN)
10 Global Vehicle Electrification Market Outlook, By Internal Combustion Engine (ICE) Vehicle (2018-2026) ($MN)
11 Global Vehicle Electrification Market Outlook, By Hybrid Electric Vehicle (HEV) (2018-2026) ($MN)
12 Global Vehicle Electrification Market Outlook, By Plug-In Hybrid Electric Vehicle (PHEV) (2018-2026) ($MN)
13 Global Vehicle Electrification Market Outlook, By Micro & Full Hybrid Vehicle (2018-2026) ($MN)
14 Global Vehicle Electrification Market Outlook, By Fuel Cell Electric Vehicle (FCEV) (2018-2026) ($MN)
15 Global Vehicle Electrification Market Outlook, By 48V Mild-Hybrid (2018-2026) ($MN)
16 Global Vehicle Electrification Market Outlook, By Product Type (2018-2026) ($MN)
17 Global Vehicle Electrification Market Outlook, By Electric Air-Conditioner Compressor (2018-2026) ($MN)
18 Global Vehicle Electrification Market Outlook, By Integrated Starter Generator (ISG) (2018-2026) ($MN)
19 Global Vehicle Electrification Market Outlook, By Start/Stop System (2018-2026) ($MN)
20 Global Vehicle Electrification Market Outlook, By Electric Vacuum Pump (2018-2026) ($MN)
21 Global Vehicle Electrification Market Outlook, By Alternator (2018-2026) ($MN)
22 Global Vehicle Electrification Market Outlook, By Electric Water Pump (2018-2026) ($MN)
23 Global Vehicle Electrification Market Outlook, By Electric Power Steering (EPS) (2018-2026) ($MN)
24 Global Vehicle Electrification Market Outlook, By Starter Motor (2018-2026) ($MN)
25 Global Vehicle Electrification Market Outlook, By Actuator (2018-2026) ($MN)
26 Global Vehicle Electrification Market Outlook, By Electric Oil Pump (2018-2026) ($MN)
27 Global Vehicle Electrification Market Outlook, By Electric Turbocharger (2018-2026) ($MN)
28 Global Vehicle Electrification Market Outlook, By Thermoelectric Generator (2018-2026) ($MN)
29 Global Vehicle Electrification Market Outlook, By Liquid Heater Positive Temperature Coefficient (PTC) (2018-2026) ($MN)
30 Global Vehicle Electrification Market Outlook, By Electric Car Motors (2018-2026) ($MN)
31 Global Vehicle Electrification Market Outlook, By Electric Fuel Pump (2018-2026) ($MN)
32 Global Vehicle Electrification Market Outlook, By Sales Channel (2018-2026) ($MN)
33 Global Vehicle Electrification Market Outlook, By Aftermarket (2018-2026) ($MN)
34 Global Vehicle Electrification Market Outlook, By Original Equipment Manufacturers (OEM’s) (2018-2026) ($MN)
35 Global Vehicle Electrification Market Outlook, By Voltage (2018-2026) ($MN)
36 Global Vehicle Electrification Market Outlook, By 48V (2018-2026) ($MN)
37 Global Vehicle Electrification Market Outlook, By 24V (2018-2026) ($MN)
38 Global Vehicle Electrification Market Outlook, By 14V (2018-2026) ($MN)
39 Global Vehicle Electrification Market Outlook, By 12V (2018-2026) ($MN)
40 North America Vehicle Electrification Market Outlook, By Vehicle Type (2018-2026) ($MN)
41 North America Vehicle Electrification Market Outlook, By Degree of Hybridization (2018-2026) ($MN)
42 North America Vehicle Electrification Market Outlook, By Product Type (2018-2026) ($MN)
43 North America Vehicle Electrification Market Outlook, By Sales Channel (2018-2026) ($MN)
44 North America Vehicle Electrification Market Outlook, By Voltage (2018-2026) ($MN)
45 Europe Vehicle Electrification Market Outlook, By Vehicle Type (2018-2026) ($MN)
46 Europe Vehicle Electrification Market Outlook, By Degree of Hybridization (2018-2026) ($MN)
47 Europe Vehicle Electrification Market Outlook, By Product Type (2018-2026) ($MN)
48 Europe Vehicle Electrification Market Outlook, By Sales Channel (2018-2026) ($MN)
49 Europe Vehicle Electrification Market Outlook, By Voltage (2018-2026) ($MN)
50 Asia Pacific Vehicle Electrification Market Outlook, By Vehicle Type (2018-2026) ($MN)
51 Asia Pacific Vehicle Electrification Market Outlook, By Degree of Hybridization (2018-2026) ($MN)
52 Asia Pacific Vehicle Electrification Market Outlook, By Product Type (2018-2026) ($MN)
53 Asia Pacific Vehicle Electrification Market Outlook, By Sales Channel (2018-2026) ($MN)
54 Asia Pacific Vehicle Electrification Market Outlook, By Voltage (2018-2026) ($MN)
55 South America Vehicle Electrification Market Outlook, By Vehicle Type (2018-2026) ($MN)
56 South America Vehicle Electrification Market Outlook, By Degree of Hybridization (2018-2026) ($MN)
57 South America Vehicle Electrification Market Outlook, By Product Type (2018-2026) ($MN)
58 South America Vehicle Electrification Market Outlook, By Sales Channel (2018-2026) ($MN)
59 South America Vehicle Electrification Market Outlook, By Voltage (2018-2026) ($MN)
60 Middle East & Africa Vehicle Electrification Market Outlook, By Vehicle Type (2018-2026) ($MN)
61 Middle East & Africa Vehicle Electrification Market Outlook, By Degree of Hybridization (2018-2026) ($MN)
62 Middle East & Africa Vehicle Electrification Market Outlook, By Product Type (2018-2026) ($MN)
63 Middle East & Africa Vehicle Electrification Market Outlook, By Sales Channel (2018-2026) ($MN)
64 Middle East & Africa Vehicle Electrification Market Outlook, By Voltage (2018-2026) ($MN)