Global Vehicle Electrification Market is accounted for $73.87 billion in 2020 and is expected to reach $209.24 billion by 2028 growing at a CAGR of 13.9% during the forecast period. Rising need for 48V architecture, adoption of advanced technologies such as e-axle in electric vehicles and upsurge in automotive production are driving the market growth.
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By geography, North America is going to have high growth during the forecast period due to charging infrastructure and significant investments by OEMs in the development of vehicle electrification.
Some of the key players profiled in the Vehicle Electrification Market include Aisin Seiki Co. Ltd., Borgwarner Inc., Continental Ag, Delphi Automotive Plc, Denso Corporation, Hitachi Automotive Systems Ltd., Johnson Controls Inc., Johnson Electric, Jtekt Corporation, Magna International Inc., Mitsubishi Electric Corporation, Robert Bosch Gmbh, Valeo Sa, Wabco Holdings Inc. and Zf Friedrichshafen Ag.
Voltages Covered in Vehicle Electrification Market
• 12V
• 14V
• 24V
• 48V
Degree of Hybridizations Covered:
• Battery Electric Vehicle (BEV)
• Fuel Cell Electric Vehicle (FCEV)
• Hybrid Electric Vehicle (HEV)
• Internal Combustion Engine (ICE)
• Micro & Full Hybrid Vehicle
• Plug-In Hybrid Electric Vehicle (PHEV)
Vehicle Types Covered:
• Passenger Car
• Commercial Vehicle
• Buses & Coaches
• Two-Wheeler
• Truck
Product Types Covered:
• Actuator
• Alternator
• Carbon Dioxide
• Electric Air-Conditioner Compressor
• Electric Car Motor
• Electric Fuel Pump
• Electric Oil Pump
• Electric Power Steering (EPS)
• Electric Turbocharger
• Electric Vacuum Pump
• Electric Water Pump
• Integrated Starter Generator (ISG)
• Liquid Heater Positive Temperature Coefficient (PTC)
• Start/Stop System
• Starter Motor
• Thermoelectric Generator
Sales Channels Covered:
• Original Equipment Manufacturers (OEMs)
• Aftermarket
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