Vehicle Electrification Market Top Trends And Statistics

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Vehicle Electrification Market worth 92.59
Billion USD by 2022
www.MarketsandMarkets.com
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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
Mild-Hybrid, Degree of Hybridization, and Vehicle
Type - Global Forecast to 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.  PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownload.asp?
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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. .
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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.  RequestSample_at_ https//www.marketsandm
arkets.com/requestsample.asp?id224946587
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Asia-Oceania region is estimated to be the
leading market for vehicle electrification Asia-O
ceania is estimated to dominate the vehicle
electrification market, as the region represents
countries such as China, Japan, South Korea, and
India with the worlds 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.
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Browse gtgt 114 market data
tables 67 figures
249 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 US8150 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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