Vehicle Electrification Market - Global Forecast to 2022

Actuators for on/off-highway Vehicles Market worth Billion USD by 2022 The vehicle electrification market is driven by factors such as stringent emission and fuel efficiency regulations across the globe. Increasing demand for passenger cars across the globe is also boosting the vehicle electrification market. With the growing electrification trend, the demand for vehicles with 48V architecture is set to grow in the near future. The vehicle electrification market is estimated to be USD Billion in 2017 and is projected to grow at a CAGR of 8.17% during the forecast period. PDF

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 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 This would further lead to the adoption of electric systems in vehicles.

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 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.

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 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.

Browse >> 114 market data tables 67 figures 2249 pages and in-depth TOC on “Vehicle Electrification Market - Global Forecast to 2022” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 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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