Vehicle Electrification Market Growth of 13% CAGR to 2019 Driven by N.A. and APAC

PUNE, India, October 1, 2015 /PRNewswire/ --

Global vehicle electrification growth is primarily propelled by increasing prices of conventional fuels, sales growth of electric vehicles (EVs), stringent emission norms and greater demand for engine downsizing and better fuel economy.

Complete report on vehicle electrification market spread across 157 pages, profiling 13 companies and supported with 94 tables and 76 figures is now available at http://www.reportsnreports.com/reports/320486-vehicle-electrification-market-by-product-type-start-stop-liquid-heater-ptc-eps-electric-air-conditioner-compressor-electric-pump-vacuum-oil-water-degree-of-hybridization-ice-micro-hybrid-hev-phev-bev-region-trends-forecast-to-2019.html .

In this research study global vehicle electrification market is classified into three major segments such as vehicle electrification market by region (Asia-Oceania, North America, Europe, and RoW) along with key countries in each region, by product type (start/stop system, electric power steering (EPS), liquid heater PTC, electric air-conditioner compressor, electric vacuum pump, electric oil pump, and electric water pump) and by the degree of hybridization (internal combustion engine (ICE) and micro hybrid, hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and battery electric vehicle (BEV).

This report classifies and defines the global vehicle electrification market size in terms of volume and value in the vehicle electrification industry. Market size in terms of volume is provided in thousand units ('000 units) from 2012 to 2019, whereas the market value is provided in terms of ($thousand). The growth in this market is primarily propelled by increasing prices of conventional fuels, sales growth of electric vehicles (EVs), stringent emission norms and greater demand for engine downsizing and better fuel economy.  In addition, tax exemption and subsidy provided by government of various countries will also create better opportunities for the vehicle electrification market.

The report also provides a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the global vehicle electrification market. The key players in the market for vehicle electrification have also been identified and profiled. Apart from quantitative analysis of these markets, the report also covers qualitative aspects such as value chain analysis, PEST analysis and Porter's five force analysis for the global vehicle electrification market. This report also provides qualitative data about vehicle electrification systems and its components. Companies profiled in this research include Continental AG, Denso Corporation, Mitsubishi Electric Corporation, Robert Bosch GMBH, TRW Automotive Holdings Corp., Borgwarner Inc., Delphi Automotive PLC, Jtekt Corporation, Mando Corp., Nexteer Automotive Group Ltd., NSK Ltd., ZF Friedrichshafen AG and Visteon Corporation. Order a copy of Vehicle Electrification Market by Product Type (Start-Stop, Liquid Heater PTC, EPS, Electric Air-conditioner, Compressor, Electric Pump-Vacuum, Oil & Water), Degree of Hybridization (ICE, Micro-Hybrid, HEV, PHEV, BEV) & Region - Trends & Forecast to 2019 research report at http://www.reportsnreports.com/Purchase.aspx?name=320486 .

The sales of electric vehicles in U.S. are increasing owing to stringent emission norms ans subsidiaries offered by government for electric vehicles. In addition, countries where the sales of electric vehicles are currently growing, like Mexico and Canada, would also drive the demand for vehicle electrification technologies. The sizes of the North American vehicle electrification market in terms of value are projected to grow at a CAGR of 16.4% from 2014 to 2019. The Asia-Pacific vehicle electrification market is dominated by developing countries such as India and China, wherein the automotive industry is growing at a significant rate. The growing demand for electric vehicles in Japan, stringent emission norms, the growing demand for enhancing fuel efficiency and the increasing number of vehicle manufacturing facilities owing to the low cost of production in these countries has led to an increase in this market. The sizes of the vehicle electrification market by value in the Asia-Pacific region are projected to grow at a CAGR of 15.2% from 2014 to 2019. The vehicle electrification industry in Europe is dominated by U.K., Germany, France and Italy, owing to the sales volume of passenger car in these countries. In addition, the sales volume of electric vehicles is also growing in Europe owing to proper infrastructure facilities like charging station, government subsidiaries for electric vehicles and strict emission norms. As a result of this, the penetration of vehicle electrification technologies is increasing in passenger cars in European countries. Thus, many manufacturers are setting up plants and R&D centers in European countries. The sizes of the European vehicle electrification market by value are projected to grow at a CAGR of 6.7% from 2014 to 2019.

More reports on electric vehicle market for decision makers and stakeholders are available with ReportsnReports.com, at global and regional well:

Research and Investment Prospect of China Electric Vehicle Charging Station and Charging Pile Market, 2015-2020:  In china, in the first quarter of 2015, the sales of new-energy automobile was 26,581, up 2.8 times over the same period of last year, in which, the sales of electric vehicle was 15,405, up 3.7 over the same period of last year; the sales of hybrid electric vehicle was 11,176, up 2.1 times over the same period of last year, the achievement exceeded far above market expectation. Read more at http://www.reportsnreports.com/reports/417007-research-and-investment-prospect-of-china-electric-vehicle-charging-station-and-charging-pile-market-2015-2020.html /.

Explore more reports on automotive market at http://www.reportsnreports.com/market-research/automotive/ .

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