Vehicle Electrification Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Vehicle Electrification market is expected to grow at a CAGR of 12%, from US $ 737 billion by 2028 to US $ 129.6 billion. Due to the various advantages offered by electrification, such as reduced vehicle weight, reduced emissions and increased fuel efficiency. 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.

 

Company Profile

• AISIN SEIKI Co., Ltd.
• CONTINENTAL AG
• Delphi Technologies
• Hitachi Automotive Systems, Ltd.
• Robert Bosch GmbH
• ZF FRIEDRICHSHAFEN AG
• Denso Corporation
• BorgWarner Inc.

 

Market Segmentation

By Product Type

• Starter Motor
• Alternator
• Electric Car Motors
• Electric Water Pumps
• Electric Oil Pump
• Electric Vacuum Pump
• Electric Fuel Pump
• Electric Power Steering

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)

 

Scope of the Report

The research study analyzes the Vehicle Electrification Market 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

 

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 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Vehicle Electrification Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Vehicle Electrification Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.