The vehicle electrification market is projected to grow at a CAGR of 11% to reach USD 129.6 billion by 2027 from USD 73.7 billion.
Vehicle electrification means converting the vehicle to use electrical energy by integrating electrical components and technical solutions for vehicle operation. Vehicle electrification is considered best to eliminate or reduce carbon emissions and increase vehicle efficiency. Vehicle electrification also helps users to rely less on oil and non-renewable resources.
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Market Segments
By Product Type
- Starter Motor
- Alternator
- Electric Car Motors
- Electric Water Pumps
- Electric Oil Pump
- Electric Vacuum Pump
- Electric Fuel Pump
- Electric Power Steering
- Actuators
- Start/Stop System
By Sales Channel
- Original Equipment Manufacturers (OEMs)
- Aftermarket
By Vehicle Type
- Internal Combustion Engine Vehicle
- Micro & Full Hybrid Vehicle
- Plug-in Hybrid Electric Vehicle (PHEV) & Battery Electric Vehicle (BEV)
Key Players
- AISIN SEIKI Co., Ltd.
- CONTINENTAL AG
- Delphi Technologies
- Hitachi Automotive Systems, Ltd.
- Robert Bosch GmbH
- ZF FRIEDRICHSHAFEN AG
- Denso Corporation
- BorgWarner Inc.
Scope of the Report
The research study analyzes the global Vehicle Electrification industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Vehicle Electrification Market is available at: https://www.orionmarketreports.com/vehicle-electrification-market/51851/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Vehicle Electrification Market Report
1.What was the Vehicle Electrification Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of Vehicle Electrification Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Vehicle Electrification Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Vehicle Electrification market.
- The market share of the global Vehicle Electrification market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Vehicle Electrification market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Vehicle Electrification market.
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