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Vehicle Electrification Market by Product (Actuator, Electric Power Steering, Integrated Starter Generator), Hybridization (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle), Component Voltage, Vehicle Type - Global Forec

Publisher 360iResearch
Published Apr 17, 2024
Length 182 Pages
SKU # IRE18713885

Description

Vehicle Electrification Market by Product (Actuator, Electric Power Steering, Integrated Starter Generator), Hybridization (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle), Component Voltage, Vehicle Type - Global Forecast 2024-2030


The Vehicle Electrification Market size was estimated at USD 93.65 billion in 2023 and expected to reach USD 103.43 billion in 2024, at a CAGR 10.53% to reach USD 188.84 billion by 2030.

Vehicle electrification is a broad term encompassing various technologies to reduce reliance on traditional internal combustion engines (ICE) for mobility. This initiative is primarily geared toward decreasing vehicle emissions, improving air quality, and reducing the environmental footprint associated with personal and commercial transportation. Electrification strategies include the incorporation of electric motors to either supplement or replace the ICE in vehicles. The stringent government regulations aiming to reduce carbon emissions, increased consumer awareness towards environmental sustainability, and advancements in battery technology propel the market growth. However, high initial costs and complexities associated with battery production and recycling may impede market growth. Nevertheless, advances in solid-state battery technology, wireless charging solutions, and integration of renewable energy systems with EV charging networks are expected to create potential growth opportunities for the market.



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Table of Contents

182 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Surge in adoption of fuel-efficient mobility solutions worldwide
5.1.1.2. Rising demand for clean roadmap and value-oriented solution with decreasing cost of EV production
5.1.1.3. Increase consumer awareness towards environmental sustainability
5.1.2. Restraints
5.1.2.1. High cost incurred in vehicle electrification
5.1.3. Opportunities
5.1.3.1. Stringent government emission regulation in developed countries
5.1.3.2. Technological advancements in solid-state battery coupled with evolution of power grid globally
5.1.4. Challenges
5.1.4.1. Lack of infrastructure for charging facilities with complexities associated with battery production and recycling
5.2. Market Segmentation Analysis
5.2.1. Component Voltage: Burgeoning adoption of low voltage (LV) range that ensures overall efficiency and sustainability
5.2.2. Vehicle Type: Evolving adoption vehicle electrification in commercial vehicles
5.3. Market Disruption Analysis
5.4. Porter’s Five Forces Analysis
5.4.1. Threat of New Entrants
5.4.2. Threat of Substitutes
5.4.3. Bargaining Power of Customers
5.4.4. Bargaining Power of Suppliers
5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis
6. Vehicle Electrification Market, by Product
6.1. Introduction
6.2. Actuator
6.3. Electric Power Steering
6.4. Integrated Starter Generator
6.5. Liquid Heater PTC
6.6. Start or Stop System
6.7. Starter Motor & Alternator
7. Vehicle Electrification Market, by Hybridization
7.1. Introduction
7.2. Battery Electric Vehicle
7.3. Hybrid Electric Vehicle
7.4. Plug-in Hybrid Electric Vehicle
8. Vehicle Electrification Market, by Component Voltage
8.1. Introduction
8.2. High Voltage
8.3. Low Voltage
9. Vehicle Electrification Market, by Vehicle Type
9.1. Introduction
9.2. Commercial Vehicle
9.3. Passenger Vehicle
10. Americas Vehicle Electrification Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Vehicle Electrification Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Vehicle Electrification Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
13.3.1. Toyota Announces USD 1.3 billion Investment For Electrification Efforts At Kentucky Facility
13.3.2. Evtec Completes JVM Castings Acquisition
13.3.3. JLR Accelerates Electrification With New pound 250 million State-Of-The-Art Future Energy Lab
13.4. Strategy Analysis & Recommendation
14. Competitive Portfolio
14.1. Key Company Profiles
14.2. Key Product Portfolio
FIGURE 1. VEHICLE ELECTRIFICATION MARKET RESEARCH PROCESS
FIGURE 2. VEHICLE ELECTRIFICATION MARKET SIZE, 2023 VS 2030
FIGURE 3. GLOBAL VEHICLE ELECTRIFICATION MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. GLOBAL VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. GLOBAL VEHICLE ELECTRIFICATION MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. VEHICLE ELECTRIFICATION MARKET DYNAMICS
FIGURE 7. GLOBAL VEHICLE ELECTRIFICATION MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
FIGURE 8. GLOBAL VEHICLE ELECTRIFICATION MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. GLOBAL VEHICLE ELECTRIFICATION MARKET SIZE, BY HYBRIDIZATION, 2023 VS 2030 (%)
FIGURE 10. GLOBAL VEHICLE ELECTRIFICATION MARKET SIZE, BY HYBRIDIZATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. GLOBAL VEHICLE ELECTRIFICATION MARKET SIZE, BY COMPONENT VOLTAGE, 2023 VS 2030 (%)
FIGURE 12. GLOBAL VEHICLE ELECTRIFICATION MARKET SIZE, BY COMPONENT VOLTAGE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. GLOBAL VEHICLE ELECTRIFICATION MARKET SIZE, BY VEHICLE TYPE, 2023 VS 2030 (%)
FIGURE 14. GLOBAL VEHICLE ELECTRIFICATION MARKET SIZE, BY VEHICLE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS VEHICLE ELECTRIFICATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS VEHICLE ELECTRIFICATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES VEHICLE ELECTRIFICATION MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES VEHICLE ELECTRIFICATION MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC VEHICLE ELECTRIFICATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC VEHICLE ELECTRIFICATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA VEHICLE ELECTRIFICATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA VEHICLE ELECTRIFICATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. VEHICLE ELECTRIFICATION MARKET SHARE, BY KEY PLAYER, 2023
FIGURE 24. VEHICLE ELECTRIFICATION MARKET, FPNV POSITIONING MATRIX, 2023

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