Latest released the research study on Global Vehicle Electrification Market, offers a Electrification Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Vehicle Electrification.
Vehicle Electrification Market Overview
Vehicle electrification refers to a range of technologies that use electricity to propel a vehicle. Advances in electrified mobility were emerging at breakneck speed as companies raced to develop new ways to move the masses. Global sales of electric and plug-in hybrid cars increased by 54 percent in 2017 to touch 1.15 million units. According to the International Council on Clean Transportation (ICCT), the total sum to global annual sales of electric vehicle is more than 3 million vehicles in 2020 and about 10 million by 2025.
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The study covers emerging player’s data, including: competitive situation, sales, revenue and global market share of top manufacturers are Robert Bosch GmbH (Germany),Continental AG (Germany),Delphi Automotive PLC (United Kingdom),Denso Corporation (Japan),Hitachi Electric (Japan),Johnson Electric (Hong Kong),Mitsubishi Electric (Japan),Borgwarner (United States),Magna (Canada),Aisin (Japan),ZF Friedrichshafen (Germany).


Market Drivers
Decreasing Permissible Limits in Emission Regulations & Raised Fuel Economy Bars
Increasing Demand for Reliable Electric Systems in Vehicles
Rising Need for 48V Architecture

Market Trend
The Considerable Shifting of the Technologies from Hydrocarbon Energy to Electrical Energy in the Automotive Industry.
New Developments for Climate-Friendly Hybrid and Electric Vehicles

Restraints
Higher Cost of Electric Systems

Challenges
Inadequate Charging Infrastructure for Electric Vehicles
Considerable Number of Failure Cases in Safe Electronic and Electrical Components

The Global Vehicle Electrification Market segments and Market Data Break Down are illuminated below:
by Type (Start/Stop System, Electric Power Steering (EPS), Electric Air-Conditioner Compressor, Electric Vacuum Pump, Electric Oil Pump, Electric Water Pump, Electric Mirror, Liquid Heater PTC, Integrated Starter Generator (ISG), Starter Motor & Alternator, Actuators), Application (Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)), Degree of Hybridization (Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV))

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Vehicle Electrification Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Vehicle Electrification market
Chapter 2: Exclusive Summary – the basic information of the Vehicle Electrification Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Vehicle Electrification
Chapter 4: Presenting the Vehicle Electrification Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Vehicle Electrification market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Vehicle Electrification Market is a valuable source of guidance for individuals and companies in their decision framework.

Data Sources & Methodology
The primary sources involves the industry experts from the Global Vehicle Electrification Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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