Rising Automotive Industry- The rising automobile industry drive the electrification market. On the other hand, increased demand for cost-effective solutions and the expanding trend of electrification of commercial vehicles and fleets are likely to give profitable prospects for global electrification market advancement over the forecast period. The growing emphasis on products has resulted in considerable demand for automotive electrification and associated infrastructure in recent years. The expansion of charging stations, in conjunction with government financial incentives, is emerging as a significant factor driving demand for electric vehicles. Because electric vehicles have lower operating costs than conventional ICE-powered automobiles, the electrification market is expected to grow.
High Cost- Electric vehicles are not practicable in cities with insufficient power. Electric car batteries have a relatively short battery backup duration. These electric car restrictions are expected to stymie the electrification market. However, the replacement and maintenance expenses of vehicle electrification are significant. On the other hand, rising fuel prices and growing environmental concerns are projected to support the expansion of the electrification market over the forecast period.
Rising Public Transportation- Buses and trucks are used worldwide for public transport and logistics. In Europe and Asia-Pacific, public transportation outnumbers private transportation. On the other hand, private automobiles are the dominant form of transportation in North America. The growing population in metropolitan regions drives the need for public transportation, where existing transportation infrastructure needs to be improved. Each OEM promotes using electric vehicles to reduce the global carbon footprint as the trend towards mobility-on-demand rises, taxis and passenger cars focus more on greener technologies. The majority of attempts to electrify vehicles are focused on passenger cars.
Power-to-weight ratio Problem- The power-to-weight ratio is extensively utilized for engines and power sources to assist vehicle comparisons. A vehicle's kW/kg weight ratio is easily calculated by dividing its kW output by kilo weight. The lighter the vehicle, the more power, efficiency, and range it has. Advanced, lightweight components and materials are required to achieve the highest power-to-weight ratio. OEMs and Tier I companies are working hard to improve the power-to-weight ratio by combining lightweight materials and novel products like e-CVT and e-axles. However, they are still in the early phases of development.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Product Type
4.3.2. Market Attractiveness Analysis by Vehicle Type
4.3.3. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising Automotive Industry
5.3. Restraints
5.3.1. High Cost
5.4. Opportunities
5.4.1. Rising Public Transportation
5.5. Challenges
5.5.1. Power-to-weight ratio Problem
6. Global Electrification Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Starter Motor
6.3. Electric Oil Pump
6.4. Electric Fuel Pump
6.5. Alternator
6.6. Electric Car Motors
6.7. Electric Vacuum Pump
6.8. Electric Water Pump
6.9. Actuators
6.10. Electric Power Steering
6.11. Start/Stop System
7. Global Electrification Market Analysis and Forecast, By Vehicle Type
7.1. Segment Overview
7.2. Internal Combustion Engine Vehicle
7.3. Plug-in Hybrid Electric Vehicle (PHEV)
7.4. Micro & Full Hybrid Vehicle
7.5. Battery Electric Vehicle (BEV)
8. Global Electrification Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Electrification Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global Electrification Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. AISIN SEIKI Co., Ltd.
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. CONTINENTAL AG
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Delphi Technologies
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Hitachi Automotive Systems, Ltd
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Robert Bosch GmbH
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. FRIEDRICHSHAFEN AG
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Denso Corporation
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. BorgWarner Inc
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Magna International Inc
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Johnson Electric Holdings Limited
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
List of Table
1. Global Electrification Market, By Product Type, 2019-2032 (USD Billion)
2. Global Starter Motor, Electrification Market, By Region, 2019-2032 (USD Billion)
3. Global Electric Oil Pump, Electrification Market, By Region, 2019-2032 (USD Billion)
4. Global Electric Fuel Pump, Electrification Market, By Region, 2019-2032 (USD Billion)
5. Global Alternator, Electrification Market, By Region, 2019-2032 (USD Billion)
6. Global Electric Car Motors, Electrification Market, By Region, 2019-2032 (USD Billion)
7. Global Electric Vacuum Pump, Electrification Market, By Region, 2019-2032 (USD Billion)
8. Global Electric Water Pump, Electrification Market, By Region, 2019-2032 (USD Billion)
9. Global Actuators, Electrification Market, By Region, 2019-2032 (USD Billion)
10. Global Electric Power Steering, Electrification Market, By Region, 2019-2032 (USD Billion)
11. Global Start/Stop System, Electrification Market, By Region, 2019-2032 (USD Billion)
12. Global Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
13. Global Internal Combustion Engine Vehicle, Electrification Market, By Region, 2019-2032 (USD Billion)
14. Global Plug-in Hybrid Electric Vehicle (PHEV), Electrification Market, By Region, 2019-2032 (USD Billion)
15. Global Micro & Full Hybrid Vehicle, Electrification Market, By Region, 2019-2032 (USD Billion)
16. Global Battery Electric Vehicle (BEV), Electrification Market, By Region, 2019-2032 (USD Billion)
17. North America Electrification Market, By Product Type, 2019-2032 (USD Billion)
18. North America Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
19. U.S. Electrification Market, By Product Type, 2019-2032 (USD Billion)
20. U.S. Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
21. Canada Electrification Market, By Product Type, 2019-2032 (USD Billion)
22. Canada Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
23. Mexico Electrification Market, By Product Type, 2019-2032 (USD Billion)
24. Mexico Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
25. Europe Electrification Market, By Product Type, 2019-2032 (USD Billion)
26. Europe Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
27. Germany Electrification Market, By Product Type, 2019-2032 (USD Billion)
28. Germany Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
29. France Electrification Market, By Product Type, 2019-2032 (USD Billion)
30. France Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
31. U.K. Electrification Market, By Product Type, 2019-2032 (USD Billion)
32. U.K. Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
33. Italy Electrification Market, By Product Type, 2019-2032 (USD Billion)
34. Italy Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
35. Spain Electrification Market, By Product Type, 2019-2032 (USD Billion)
36. Spain Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
37. Asia Pacific Electrification Market, By Product Type, 2019-2032 (USD Billion)
38. Asia Pacific Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
39. Japan Electrification Market, By Product Type, 2019-2032 (USD Billion)
40. Japan Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
41. China Electrification Market, By Product Type, 2019-2032 (USD Billion)
42. China Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
43. India Electrification Market, By Product Type, 2019-2032 (USD Billion)
44. India Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
45. South America Electrification Market, By Product Type, 2019-2032 (USD Billion)
46. South America Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
47. Brazil Electrification Market, By Product Type, 2019-2032 (USD Billion)
48. Brazil Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
49. Middle East and Africa Electrification Market, By Product Type, 2019-2032 (USD Billion)
50. Middle East and Africa Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
51. UAE Electrification Market, By Product Type, 2019-2032 (USD Billion)
52. UAE Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
53. South Africa Electrification Market, By Product Type, 2019-2032 (USD Billion)
54. South Africa Electrification Market, By Vehicle Type, 2019-2032 (USD Billion)
List of Figures
1. Global Electrification Market Segmentation
2. Global Electrification Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Electrification Market Attractiveness Analysis by Product Type
9. Global Electrification Market Attractiveness Analysis by Vehicle Type
10. Global Electrification Market Attractiveness Analysis by Region
11. Global Electrification Market: Dynamics
12. Global Electrification Market Share by Product Type (2023 & 2032)
13. Global Electrification Market Share by Vehicle Type (2023 & 2032)
14. Global Electrification Market Share by Regions (2023 & 2032)
15. Global Electrification Market Share by Company (2022)
This study forecasts global, regional, and country revenue from 2019 to 2032. The Brainy Insights has segmented the global electrification market based on the below-mentioned segments:
Global Electrification Market By Product Type:
Global Electrification Market By Vehicle Type:
Global Electrification Market By Region:
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