Vehicle Electrification Market
Vehicle Electrification Market - Global Industry Assessment & Forecast
#
Pages:
220
Base Year:
2023
Jun - 2024
Format:
Report Code:
VMR-2496
Segments Covered
By
Product Electric Power Steering (EPS), Integrated Starter Generator (ISG), Start/Stop System, Electric Air Conditioner Compressor, Liquid Heater PTC, Electric Oil Pump, Electric Vacuum Pump, Starter Motor & Alternator, Electric Water Pump, Actuators
-
By
Hybridization Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle-East and Africa
Snapshot
 Base Year:
|
2023 |
| Forecast
Years:
|
2024 - 2032 |
 Historical
Years:
|
2018 - 2022 |
 Revenue
2023: |
USD 91.3 Billion |
 Revenue 2032:
|
USD 223.2 Billion |
 Revenue CAGR
(2024 - 2032): |
10.44% |
Fastest Growing Region (2024 -
2032)
|
North America |
Largest Region (2023):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Vehicle Electrification Market Segment Analysis
- Vehicle Electrification Product Outlook (Revenue, USD Million, 2018 - 2030)
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- Vehicle Electrification Hybridization Outlook (Revenue, USD Million, 2018 - 2030)
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
-
North America Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- U.S.
- U.S. Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- U.S. Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- U.S. Vehicle Electrification Market, by Product
- Canada
- Canada Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- Canada Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Canada Vehicle Electrification Market, by Product
-
Mexico
- Mexico Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- Mexico Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Mexico Vehicle Electrification Market, by Product
-
North America Vehicle Electrification Market, by Product
- Europe
-
Europe Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
-
Europe Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- U. K.
- U.K. Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- U.K. Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- U.K. Vehicle Electrification Market, by Product
- France
- France Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- France Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- France Vehicle Electrification Market, by Product
-
Germany
- Germany Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- Germany Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Germany Vehicle Electrification Market, by Product
-
Italy
- Italy Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- Italy Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Italy Vehicle Electrification Market, by Product
-
Spain
- Spain Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- Spain Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Spain Vehicle Electrification Market, by Product
-
Rest of Europe
- Rest of Europe Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- Rest of Europe Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Rest of Europe Vehicle Electrification Market, by Product
-
Europe Vehicle Electrification Market, by Product
- Asia Pacific
-
Asia Pacific Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
-
Asia Pacific Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- China
- China Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- China Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- China Vehicle Electrification Market, by Product
- Japan
- Japan Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- Japan Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Japan Vehicle Electrification Market, by Product
-
Germany
- Germany Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- Germany Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Germany Vehicle Electrification Market, by Product
-
India
- India Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- India Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- India Vehicle Electrification Market, by Product
-
South Korea
- South Korea Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- South Korea Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- South Korea Vehicle Electrification Market, by Product
-
South East Asia
- South East Asia Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- South East Asia Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- South East Asia Vehicle Electrification Market, by Product
-
Rest of Asia Pacific
- Rest of Asia Pacific Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- Rest of Asia Pacific Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Rest of Asia Pacific Vehicle Electrification Market, by Product
-
Asia Pacific Vehicle Electrification Market, by Product
- Latin America
-
Latin America Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
-
Latin America Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Brazil
- Brazil Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- Brazil Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Brazil Vehicle Electrification Market, by Product
- Argentina
- Argentina Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- Argentina Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Argentina Vehicle Electrification Market, by Product
-
Rest of Latin America
- Rest of Latin America Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- Rest of Latin America Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Rest of Latin America Vehicle Electrification Market, by Product
-
Latin America Vehicle Electrification Market, by Product
- Middle East & Africa
-
Middle East & Africa Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
-
Middle East & Africa Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- GCC Countries
- GCC Countries Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- GCC Countries Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- GCC Countries Vehicle Electrification Market, by Product
- South Africa
- South Africa Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- South Africa Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- South Africa Vehicle Electrification Market, by Product
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Vehicle Electrification Market, by Product
- Electric Power Steering (EPS)
- Integrated Starter Generator (ISG)
- Start/Stop System
- Electric Air Conditioner Compressor
- Liquid Heater PTC
- Electric Oil Pump
- Electric Vacuum Pump
- Starter Motor & Alternator
- Electric Water Pump
- Actuators
- Rest of Middle East & Africa Vehicle Electrification Market, by Hybridization
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
- Rest of Middle East & Africa Vehicle Electrification Market, by Product
-
Middle East & Africa Vehicle Electrification Market, by Product
- North America
FAQ
Frequently Asked Question
What is the global demand for Vehicle Electrification in terms of revenue?
-
The global Vehicle Electrification valued at USD 91.3 Billion in 2023 and is expected to reach USD 223.2 Billion in 2032 growing at a CAGR of 10.44%.
Which are the prominent players in the market?
-
The prominent players in the market are Continental AG (Germany), Valeo (France), Robert Bosch GmbH (Germany), Denso Corp. (Japan), Mitsubishi Electric Corp. (Japan), Johnson Electric(Hong Kong), Delphi Automotive PLC (UK).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 10.44% between 2024 and 2032.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Vehicle Electrification include
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Vehicle Electrification in 2023.
