Vehicle Electrification Market worth $129.6 billion by 2025
                     MarketsandMarkets 
Presents
Vehicle Electrification Market worth 
$129.6 billion by 2025
http://www.marketsandmarkets.com/Market-Reports/vehicle-electrifi
cation-market-224946587.html
 
According to the new market research report "Vehicle Electrification Market by Product (Start-
Stop, PTC, EPS, Electric Air Conditioner, ISG, Starter Motor, Alternator, Actuator, Electric Pump-
Vacuum, Oil & Water), 48V, ICE, BEV, HEV, PHEV, Vehicle Type, and Region", Published by 
MarketsandMarkets™, Vehicle Electrification Market is projected to grow at a CAGR of 11.9% to 
reach USD 129.6 billion by 2025 from USD 73.7 billion.
Owing to various benefits offered by electrification such as decreased vehicle weight, lower 
emissions, increased fuel efficiency, improved driving comfort, and safety among, vehicle 
electrification would be a preferred option by OEMs soon.
Browse 152 market data Tables and 63 Figures spread through 212 Pages 
and in-depth TOC on "Vehicle Electrification Market”
The Vehicle Electrification Market is dominated by a few global players and 
comprises several regional players. Some of the key suppliers operating in 
the market are Robert Bosch GmbH (Germany), Continental AG (Germany), 
Delphi Automotive PLC (UK), Denso Corporation (Japan), and Johnson Electric 
(Hong Kong).
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46587
“Passenger car is estimated to be the largest segment for the Vehicle Electrification Market”
Electrification of a vehicle is considered the best way to reduce carbon emissions, increase 
vehicle efficiency, and reduce dependency on oil. Vehicle electrification generates newer 
opportunities for consumer engagement, along with various environmental and economic 
benefits. The production of passenger cars is very high compared to other vehicle types. The 
production of passenger cars in Asia Oceania is the highest with more than 49 million units, 
followed by Europe with more than 18 million units.
“48V architecture is expected to be dominated by Europe”
According to MarketsandMarkets analysis, Europe is estimated to have a 45.5% share of the 
total 48V vehicle market in 2019. Developed infrastructure such as charging stations, limited 
range of present day BEVs, and high cost of HEVs and PHEVs are the few reasons why 48V 
vehicles are preferred over hybrid vehicles in Europe. This trend is estimated to continue for the 
next 10 years. The 48V system consists of a 48V Li-ion battery, DC/DC converter, and an 
integrated starter generator (ISG). Without replacing the present 12V architecture completely, 
48V architecture can work parallelly with the combustion engine and regular 12V battery. This 
parallel combination helps boost the efficiency of electric parts like electrical oil, coolant, and 
vacuum pump. Considering the fact that emission norms in Europe are very strict, 48V vehicle is 
expected to hold a significant market in the near future.
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4946587
 
“North America is the fastest growing market for vehicle electrification”
The North American Vehicle Electrification Market has a very positive outlook, owing to effective 
infrastructure and tax exemption, subsidies, and special facilities provided by governments of 
different countries in the region. The US is set to dominate the North American Vehicle 
Electrification Market in 2019. As the country has the presence of major OEMs and Tier I players, 
adoption of electric components in ICE vehicles, BEVs, HEVs, and PHEVs is very high. As ICE 
vehicle has the largest share in vehicle production, it is expected to hold the largest market for 
vehicle electrification.
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