Vehicle Electrification Market By Product And Hybridization - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Telecom & Wireless Report Code : IC061001
Vehicle Electrification Market by Product (Start/Stop System, Electric Power Steering (EPS), Liquid Heater Ptc, Electric Air Conditioner Compressor, Electric Vacuum Pump, Electric Oil Pump, Electric Water Pump, Starter Motor & Alternator, Integrated Starter Generator (ISG), Actuators), Hybridization ((Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV)) Forecast 2017 to 2023
Industry Outlook and Trend Analysis
The Vehicle Electrification Market was worth USD 53.67 billion in 2017 and is expected to reach approximately USD 108.18 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 8.10% during the forecast period. Electrification vehicle is considered as a standout amongst other approach to decrease carbon discharge, increment vehicle productivity and lessen reliance over oil. Vehicle jolt produces new open doors for purchaser commitment alongside different natural and financial advantages. Vehicle electrification alludes to a vehicle with electrical methods for impetus and also power paying a noteworthy part in segments usefulness. It covers numerous parts of jolt in the, for example, begin/stop frameworks, electric power guiding, electric vacuum pump, electric oil pump, and numerous different frill which use method of electric drive and additionally assist client with gaining enhanced efficiency.
Product Outlook and Trend Analysis
Based on product, the market is fragmented into Start/Stop System, Electric Power Steering (EPS), Liquid Heater Ptc, Electric Air Conditioner Compressor, Electric Vacuum Pump, Electric Oil Pump, Electric Water Pump, Starter Motor & Alternator, Integrated Starter Generator (ISG) and Actuators. Among all these, Electric Power Steering (EPS) segment is expected to showcase highest growth rate in the upcoming years. Electric power guiding (EPS) expanding benefits combined with cutting edge innovation uproots pressure driven help with a PC controlled electric engine in the vehicle. However, absence of unwavering quality in water driven power guiding further help to the development of EPS in this market.
Hybridization Outlook and Trend Analysis
Based on Hybridization, the market is portioned into Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle, Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV) and Battery Electric Vehicle (BEV). Plug-In Hybrid Electric Vehicle (PHEV) segment is expected to showcase highest development over the forecast period. Developing interest for PHEV is ascribed to expanding buyer inclination on advantages of fuel productivity and lower operational and upkeep cost of the vehicle. Substantial development in the innovative condition came about highlights to PHEV, for example, changing to ordinary mode while the battery is purged, brought down tailpipe emanation. Government accentuation on decarbonisation is further emphatically affecting the interest for PHEV. The previously mentioned factors and a few exclusions from government are required to upsurge the interest for module cross breed electric automobiles amid the estimate time frame.
Regional Outlook and Trend Analysis
Asia Pacific held the biggest share of the market in 2017. The developing car industry in nations, for example, India and China inferable from the interest for vehicle supplements the development for the business. In addition, the blend of rising population in nations and expanding per capita wage empowers the interest for the individual transport car that is steady to a supportable domain.
Competitive Insights
The leading players in the market are Robert Bosch GmbH, Continental AG, Denso Corporation, Delphi Automotive PLC, Johnson Electric, Mitsubishi Electric Corporation and others. Many Key players are depending on methods, for example, agreements & joint ventures, collaborations, and advancements to build the visibility of their products and fortify their product portfolios.
The Vehicle Electrification Market is region-wise segmented as follows-
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Vehicle Electrification Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
· Start/Stop System
· Electric Power Steering (EPS)
· Liquid Heater Ptc
· Electric Air Conditioner Compressor
· Electric Vacuum Pump
· Electric Oil Pump
· Electric Water Pump
· Starter Motor & Alternator
· Integrated Starter Generator (ISG)
· Actuators
· Vehicle Electrification Market, By Hybridization, Estimates and Forecast, 2014-2023 ($Million)
· Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
· Hybrid Electric Vehicle (HEV)
· Plug-In Hybrid Electric Vehicle (PHEV)
· Battery Electric Vehicle (BEV)
· Vehicle Electrification Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Vehicle Electrification Market, By Country
o U.S. Vehicle Electrification Market
o Canada Vehicle Electrification Market
o Mexico Vehicle Electrification Market
· Europe
§ Europe Vehicle Electrification Market, By Country
o Germany Vehicle Electrification Market
o UK Vehicle Electrification Market
o France Vehicle Electrification Market
o Russia Vehicle Electrification Market
o Italy Vehicle Electrification Market
o Rest of Europe Vehicle Electrification Market
· Asia-Pacific
§ Asia-Pacific Vehicle Electrification Market, By Country
o China Vehicle Electrification Market
o Japan Vehicle Electrification Market
o South Korea Vehicle Electrification Market
o India Vehicle Electrification Market
o Southeast Asia Vehicle Electrification Market
o Rest of Asia-Pacific Vehicle Electrification Market
· South America
§ South America Vehicle Electrification Market
o Brazil Vehicle Electrification Market
o Argentina Vehicle Electrification Market
o Columbia Vehicle Electrification Market
o South Africa Vehicle Electrification Market
o Rest of South America Vehicle Electrification Market
· Middle East and Africa
§ Middle East and Africa Vehicle Electrification Market
o Saudi Arabia Vehicle Electrification Market
o UAE Vehicle Electrification Market
o Egypt Vehicle Electrification Market
o Nigeria Vehicle Electrification Market
o South Africa Vehicle Electrification Market
o Rest of MEA Vehicle Electrification Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Vehicle Electrification Market, By Product
5.1. Introduction
5.2. Global Vehicle Electrification Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Vehicle Electrification Sales and Sales Share by Product (2017-2027)
5.2.2. Global Vehicle Electrification Revenue and Revenue Share by Product (2017-2027)
5.3. Start/Stop System
5.3.1. Global Start/Stop System Sales and Growth Rate (2017-2027)
5.4. Electric Power Steering (EPS)
5.4.1. Global Electric Power Steering (EPS) Sales and Growth Rate (2017-2027)
5.5. Liquid Heater Ptc
5.5.1. Global Liquid Heater Ptc Sales and Growth Rate (2017-2027)
5.6. Electric Air Conditioner Compressor
5.6.1. Global Electric Air Conditioner Compressor Sales and Growth Rate (2017-2027)
5.7. Electric Vacuum Pump
5.7.1. Global Electric Vacuum Pump Sales and Growth Rate (2017-2027)
5.8. Electric Oil Pump
5.8.1. Global Electric Oil Pump Sales and Growth Rate (2017-2027)
5.9. Electric Water Pump
5.9.1. Global Electric Water Pump Sales and Growth Rate (2017-2027)
5.10. Starter Motor & Alternator
5.10.1. Global Starter Motor & Alternator Sales and Growth Rate (2017-2027)
5.11. Integrated Starter Generator (ISG)
5.11.1. Global Integrated Starter Generator (ISG) Sales and Growth Rate (2017-2027)
5.12. Actuators
5.12.1. Global Actuators Sales and Growth Rate (2017-2027)
6. Vehicle Electrification Market, By Hybridization
6.1. Introduction
6.2. Global Vehicle Electrification Sales, Revenue and Market Share by Hybridization (2017-2027)
6.2.1. Global Vehicle Electrification Sales and Sales Share by Hybridization (2017-2027)
6.2.2. Global Vehicle Electrification Revenue and Revenue Share by Hybridization (2017-2027)
6.3. Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
6.3.1. Global Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle Sales and Growth Rate (2017-2027)
6.4. Hybrid Electric Vehicle (HEV)
6.4.1. Global Hybrid Electric Vehicle (HEV) Sales and Growth Rate (2017-2027)
6.5. Plug-In Hybrid Electric Vehicle (PHEV)
6.5.1. Global Plug-In Hybrid Electric Vehicle (PHEV) Sales and Growth Rate (2017-2027)
6.6. Battery Electric Vehicle (BEV)
6.6.1. Global Battery Electric Vehicle (BEV) Sales and Growth Rate (2017-2027)
7. Vehicle Electrification Market, By Region
7.1. Introduction
7.2. Global Vehicle Electrification Sales, Revenue and Market Share by Regions
7.2.1. Global Vehicle Electrification Sales by Regions (2017-2027)
7.2.2. Global Vehicle Electrification Revenue by Regions (2017-2027)
7.3. North America Vehicle Electrification by Countries
7.3.1. North America Vehicle Electrification Sales and Growth Rate (2017-2027)
7.3.2. North America Vehicle Electrification Revenue and Growth Rate (2017-2027)
7.3.3. North America Vehicle Electrification Sales by Countries (2017-2027)
7.3.4. North America Vehicle Electrification Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Vehicle Electrification Sales and Growth Rate (2017-2027)
7.3.5.2. United States Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Vehicle Electrification Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Vehicle Electrification Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Vehicle Electrification Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Vehicle Electrification by Countries
7.4.1. Europe Vehicle Electrification Sales and Growth Rate (2017-2027)
7.4.2. Europe Vehicle Electrification Revenue and Growth Rate (2017-2027)
7.4.3. Europe Vehicle Electrification Sales by Countries (2017-2027)
7.4.4. Europe Vehicle Electrification Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Vehicle Electrification Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Vehicle Electrification Sales and Growth Rate (2017-2027)
7.4.6.2. UK Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Vehicle Electrification Sales and Growth Rate (2017-2027)
7.4.7.2. France Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Vehicle Electrification Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Vehicle Electrification Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Vehicle Electrification Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Vehicle Electrification Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Vehicle Electrification Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Vehicle Electrification Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Vehicle Electrification Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Vehicle Electrification Sales and Growth Rate (2017-2027)
7.5.5.2. China Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Vehicle Electrification Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Vehicle Electrification Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Vehicle Electrification Sales and Growth Rate (2017-2027)
7.5.8.2. India Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Vehicle Electrification Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Vehicle Electrification Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Vehicle Electrification Sales and Growth Rate (2017-2027)
7.6.2. South America Vehicle Electrification Revenue and Growth Rate (2017-2027)
7.6.3. South America Vehicle Electrification Sales by Countries (2017-2027)
7.6.4. South America Vehicle Electrification Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Vehicle Electrification Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Vehicle Electrification Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Vehicle Electrification Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Vehicle Electrification Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Vehicle Electrification Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Vehicle Electrification Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Vehicle Electrification Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Vehicle Electrification Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Vehicle Electrification Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Vehicle Electrification Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Vehicle Electrification Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Vehicle Electrification Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Vehicle Electrification Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.10. Rest of Middle East and Africa
7.7.10.1. Rest of Middle East and Africa Vehicle Electrification Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Vehicle Electrification Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Robert Bosch GmbH
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. Continental AG
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Denso Corporation
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Delphi Automotive PLC
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Johnson Electric
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. Mitsubishi Electric Corporation
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. BorgWarner Inc.
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Magna International Inc.
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. Aisin Seiki Co. Ltd.
8.9.1. Business Overview
8.9.2. Product Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
8.10. Johnson Control Inc.
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
9. Global Vehicle Electrification Market Competition, by Manufacturer
9.1. Global Vehicle Electrification Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Vehicle Electrification Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Vehicle Electrification Price by Manufacturer (2017-2017)
9.4. Top 5 Vehicle Electrification Manufacturer Market Share
9.5. Market Competition Trend
10. Vehicle Electrification Market Forecast (2027-2023)
10.1. Global Vehicle Electrification Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Vehicle Electrification Market Forecast by Regions (2027-2023)
10.2.1. North America Vehicle Electrification Market Forecast (2027-2023)
10.2.1.1. United States Vehicle Electrification Market Forecast (2027-2023)
10.2.1.2. Canada Vehicle Electrification Market Forecast (2027-2023)
10.2.1.3. Mexico Vehicle Electrification Market Forecast (2027-2023)
10.2.2. Europe Vehicle Electrification Market Forecast (2027-2023)
10.2.2.1. Germany Vehicle Electrification Market Forecast (2027-2023)
10.2.2.2. United Kingdom Vehicle Electrification Market Forecast (2027-2023)
10.2.2.3. France Vehicle Electrification Market Forecast (2027-2023)
10.2.2.4. Russia Vehicle Electrification Market Forecast (2027-2023)
10.2.2.5. Italy Vehicle Electrification Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Vehicle Electrification Market Forecast (2027-2023)
10.2.3. Asia-Pacific Vehicle Electrification Market Forecast (2027-2023)
10.2.3.1. China Vehicle Electrification Market Forecast (2027-2023)
10.2.3.2. Japan Vehicle Electrification Market Forecast (2027-2023)
10.2.3.3. Korea Vehicle Electrification Market Forecast (2027-2023)
10.2.3.4. India Vehicle Electrification Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Vehicle Electrification Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Vehicle Electrification Market Forecast (2027-2023)
10.2.4. South America Vehicle Electrification Market Forecast (2027-2023)
10.2.4.1. Brazil Vehicle Electrification Market Forecast (2027-2023)
10.2.4.2. Argentina Vehicle Electrification Market Forecast (2027-2023)
10.2.4.3. Columbia Vehicle Electrification Market Forecast (2027-2023)
10.2.4.4. Rest of South America Vehicle Electrification Market Forecast (2027-2023)
10.2.5. Middle East and Africa Vehicle Electrification Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Vehicle Electrification Market Forecast (2027-2023)
10.2.5.2. UAE Vehicle Electrification Market Forecast (2027-2023)
10.2.5.3. Egypt Vehicle Electrification Market Forecast (2027-2023)
10.2.5.4. Nigeria Vehicle Electrification Market Forecast (2027-2023)
10.2.5.5. South Africa Vehicle Electrification Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Vehicle Electrification Market Forecast (2027-2023)
10.3. Vehicle Electrification Market Forecast by Product (2027-2023)
10.3.1. Global Vehicle Electrification Sales Forecast by Product (2027-2023)
10.3.2. Global Vehicle Electrification Sales Market Share Forecast by Product (2027-2023)
10.4. Vehicle Electrification Market Forecast by Hybridization (2027-2023)
10.4.1. Global Vehicle Electrification Sales Forecast by Hybridization (2027-2023)
10.4.2. Global Vehicle Electrification Sales Market Share Forecast by Hybridization (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Vehicle Electrification Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
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Demand Side |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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