openPR Logo
Press release

Vehicle Electrification Market Growth Probability, Leading Vendors and Future Scenario By 2024-2031

10-07-2024 10:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Vehicle Electrification Market Growth Probability, Leading

Vehicle electrification market is anticipated to grow at a significant CAGR of 12.2% during the forecast period (2023-2030). The growing incentives and policies promoting electric vehicle adoption is the key factor supporting the growth of the market globally. According to the International Energy Agency (IEA), in May 2022, public spending on subsidies and incentives for EVs nearly doubled in 2021 to nearly $30 billion. A growing number of countries have pledged to phase out internal combustion engines or have ambitious vehicle electrification targets for the coming decades. The market players are also focusing on introducing vehicle electrification solutions that further bolster the market growth. For instance, in February 2023, Nissan Motor Corp. announced to accelerated electrification strategy, a plan to 23 electrified vehicles, including 15 EVs, by 2030. In response to changes in customer needs and the business environment, Nissan has revised its plan to further accelerate electrification.

Get Free Sample link @ https://www.omrglobal.com/request-sample/vehicle-electrification-market

The global vehicle electrification market is segmented on the product, hybridization, and vehicle type. Based on the product, the market is sub-segmented into electric power steering, electric air conditioner compressor, electric vacuum pump, electric oil pump, electric water pump, integrated starter generator, actuators and others (liquid heater PTC, starter motor). Based on the hybridization, the market is sub-segmented into internal combustion engine (ICE) & micro-hybrid vehicles, hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV). Further, on the basis of vehicle type, the market is sub-segmented into passenger vehicles and commercial vehicles. Among the hybridization, the plug-in hybrid electric vehicle (PHEV) sub-segment is anticipated to hold a considerable share of the market owing to the rise in the development of extended range and potential for refueling of conventional hybrids while enabling drivers to use battery electric power.

full report of Vehicle Electrification Market available @ https://www.omrglobal.com/industry-reports/vehicle-electrification-market

Market Coverage
Market number available for - 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Vehicle Electrification Market by Product

Electric Power Steering
Electric Air Conditioner Compressor
Electric Vacuum Pump
Electric Oil Pump
Electric Water Pump
Integrated Starter Generator
Actuators
Others (Liquid Heater PTC, Starter Motor)

Global Vehicle Electrification Market by Hybridization

Internal Combustion Engine (ICE) & Micro-hybrid Vehicle
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)

Global Vehicle Electrification Market by Vehicle type

Passenger vehicle
Commercial vehicle

Company Profiles 

Semiconductor Components Industries, LLC
Jabil Inc.
Turntide Technologies, Inc.
Dana Ltd.
NXP Semiconductors N.V.
Stellantis NV
Magna International Inc.
Altair Engineering Inc.
General Motors
Nissan Motor Co., Ltd.
WABCO Solution Centre.
ZF Friedrichshafen AG
Aptiv plc
NSK Ltd.
Hitachi Astemo, Ltd.
Valeo SA
Mitsubishi Electric Corp.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global vehicle electrificationmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/vehicle-electrification-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Vehicle Electrification Market Growth Probability, Leading Vendors and Future Scenario By 2024-2031 here

News-ID: 3681044 • Views:

More Releases from Orion Market Research

Vehicle Electrification Market Growth Probability, Leading Vendors and Future Scenario By 2024-2031
Vehicle Electrification Market Growth Probability, Leading Vendors and Future Sc …
Vehicle electrification market is anticipated to grow at a significant CAGR of 12.2% during the forecast period (2023-2030). The growing incentives and policies promoting electric vehicle adoption is the key factor supporting the growth of the market globally. According to the International Energy Agency (IEA), in May 2022, public spending on subsidies and incentives for EVs nearly doubled in 2021 to nearly $30 billion. A growing number of countries have
Thyroid Ablation Devices Market Trends, Latest Insights, Analysis and Forecast 2024-2031
Thyroid Ablation Devices Market Trends, Latest Insights, Analysis and Forecast 2 …
The global thyroid ablation devices market is anticipated to grow at a considerable CAGR of 9.8% during the forecast period. The increasing prevalence of thyroid nodules owing to changing lifestyles, increased adoption of an unhealthy diet, and lowiodine intake has created its treatment demand. Thyroid ablation devices are mostly used and effective for the treatment of thyroid nodules. Thyroid ablation procedures are efficient since it is less invasive, and consequently has a
Small Business Marketing Software Market Increasing Demand, Growth Analysis and Future Outlook by 2031
Small Business Marketing Software Market Increasing Demand, Growth Analysis and …
The global small business marketing software market is anticipated to grow at a significant CAGR of 15.5% during the forecast period. The rising digitalization of business processes has prompted small and medium-sized organizations (SMEs) to implement CRM solutions to streamline their business processes. CRM software helps businesses to organize customer data, track customer interactions, and facilitate communication. Email marketing platforms enable businesses to create and analyze email campaigns and integrate with CRM
Remote Sensing Technology Market Is Likely to Experience a Tremendous Growth by 2031
Remote Sensing Technology Market Is Likely to Experience a Tremendous Growth by …
The global remote sensing technology market is anticipated to grow at a significant CAGR of 11.1% during the forecast period (2024-2031).  The remote sensing technology market is being driven by several factors, including the need for better resource utilization and management, the trend of smart cities, and the increasing adoption of earth observation satellites. Remote sensing technology is an effective tool for monitoring and analyzing environmental changes, such as deforestation, land-use changes,

All 5 Releases


More Releases for Vehicle

Connected Car Devices Industry Forecast to 2028 Global Market Analysis by Commun …
Connected car devices assist in monitoring vehicles and drivers. These devices update owners and fleet managers about the emissions, vehicle performance, vehicle maintenance, on-board diagnostics (OBD), pertaining to fuel economy index, etc. Also, it provides GPS tracking and real-time alerts. Increasing concerns and awareness regarding safety and high demand for advanced system and safety features in vehicles are driving the growth of the connected car devices market. Sample PDF showcases the
Steering Tie Rod Market Vehicle (Passenger car, Commercial vehicle, and Heavy-du …
A steering tie rod is an integral part of the steering mechanism in an automobile as it is a lean structural bar or rod which is used as a tie and it is capable of carrying only ductile loads. The rod tends to transmit a force from the rack gear to the steering knuckle, which enables the wheel to turn while the vehicle is moving. This tie rod comprises two
Offshore AUV & ROV Market by ROV, High Capacity Electric Vehicle, Small Vehicle, …
This study report Global Offshore AUV & ROV Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies. The report investigates and analyzes
Automotive ABS and ESC Market Report 2018: Segmentation by Product (Three Channe …
Global Automotive ABS and ESC market research report provides company profile for Robert Bosch, TRW, Machino, Haldex, Aisin Seiki, Hitachi, Autoliv, Contenental, Delphi, Denso and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The
Vehicle to Vehicle (V2V)/Vehicle to Infrastructure (V2I) Market expected to grow …
The V2V/V2I market has penetration into different technologies such as smart sensors, big data analytics and cloud computing. The smart sensors manage and control traffic on the roads by offering the drivers and passengers a plethora of advanced transport services aimed at improving driving efficiency and safety. Big data analytics aids the companies in understanding the user requirements and expectations thus bringing about relevant changes in the automotive developments. Vehicular
Wheelchair Accessible Vehicle Market : by Vehicle Type - Large Size Vehicle, Med …
Researchmoz added Most up-to-date research on "2017 Global Wheelchair accessible vehicles Industry Report" to its huge collection of research reports. This report is an essential reference for those who look for detailed information on global Wheelchair accessible vehicles market. The report covers data on national, regional, and global markets including historical and future trends for supply, demand, prices, trading, competition as well as global major vendors' information. In addition