Global Vehicle Electrification Market is Booming Market to Rapidly Growing $ 133Posted by swamiv on November 4th, 2019 Global vehicle electrification market By Product Type (Start-Stop, EPS, Liquid Heater PTC, Electric Air Conditioner Compressor, Electric Vacuum Pump, Electric Oil Pump, Electric Water Pump, Thermoelectric Generator, Electric Turbocharger, Starter Motor, Alternator, ISG, Actuator), Voltage (12V, 14V, 24V, 48V), Vehicle Type (PC, Two-Wheeler, LCV, HCV), Degree of Hybridization (ICE & Micro Hybrid Vehicle, HEV, PHEV, BEV & FCEV, 48 V Vehicle), Channel Type (OEMs, Aftermarket) Market Analysis: Global Vehicle Electrification MarketGlobal vehicle electrification market is expected to rise to an estimated value of USD 133.85 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the availability of advanced technologies for electric vehicles, as well as increased demand for 48 V infrastructure and architecture in vehicles. Get Inquire Before Buying @ Competitive Analysis Global vehicle electrification market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vehicle electrification market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa. Market Definition: Global Vehicle Electrification MarketVehicle electrification is the broad category of automotive transformation which is focused on integrating electric components, and technology in the operations of the vehicle. This integration of electric technology and components in vehicles results in a variety of services being controlled by electricity. The power output is varied depending on the application and requirement. This technology is focused on converting the traditional/conventional vehicle systems into electrified processes. Market Drivers:
Market Restraints:
Segmentation: Global Vehicle Electrification MarketBy Product Type
By Voltage
By Vehicle Type
By Degree of Hybridization
By Channel Type
Key Developments in the Market: In December 2018, AISIN SEIKI Co., Ltd. and DENSO CORPORATION announced that they had agreed to a merger and formulation agreement for establishing a new company for developing and selling automotive modules for electric vehicles. The company will be known as “BluE Nexus”. The combined capabilities of both the companies to supply vehicle electrification services will be able to establish a company which will fulfil the vast needs of various automotive manufacturers. About Us: Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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