Table of Content

1    INTRODUCTION    27
1.1    OBJECTIVES OF THE STUDY    27
1.2    MARKET DEFINITION    27
1.3    MARKET SCOPE    28
1.3.1    MARKETS COVERED    28
FIGURE 1    GLOBAL VEHICLE ELECTRIFICATION MARKET SEGMENTATION    28
1.3.2    YEARS CONSIDERED IN THE STUDY    29
1.4    CURRENCY    29
TABLE 1    CURRENCY EXCHANGE RATES (PER USD)    29
1.5    LIMITATIONS    30
1.6    STAKEHOLDERS    30
1.7    SUMMARY OF CHANGES    30
2    RESEARCH METHODOLOGY    31
2.1    RESEARCH DATA    31
FIGURE 2    VEHICLE ELECTRIFICATION MARKET: RESEARCH DESIGN    31
FIGURE 3    RESEARCH DESIGN MODEL    32
2.2    SECONDARY DATA    33
2.2.1    KEY SECONDARY SOURCES FOR VEHICLE PRODUCTION    33
2.2.2    KEY SECONDARY SOURCES FOR MARKET SIZING    33
2.2.3    KEY DATA FROM SECONDARY SOURCES    34
2.3    PRIMARY DATA    35
FIGURE 4    BREAKDOWN OF PRIMARY INTERVIEWS    35
2.3.1    SAMPLING TECHNIQUES & DATA COLLECTION METHODS    35
2.3.2    PRIMARY PARTICIPANTS    36
2.4    MARKET SIZE ESTIMATION    36
2.4.1    BOTTOM-UP APPROACH: VEHICLE ELECTRIFICATION MARKET    36
2.4.2    BOTTOM-UP APPROACH: ELECTRIC VEHICLE ELECTRIFICATION MARKET    37
2.5    MARKET BREAKDOWN AND DATA TRIANGULATION    38
FIGURE 5    DATA TRIANGULATION    38
2.6    ASSUMPTIONS    39
3    EXECUTIVE SUMMARY    40
3.1    PRE- & POST-COVID-19 SCENARIO    40
FIGURE 6    PRE- & POST-COVID-19 SCENARIOS: VEHICLE ELECTRIFICATION MARKET, 2017-2025 (MILLION UNITS)    40
TABLE 2    VEHICLE ELECTRIFICATION MARKET: PRE- & POST- COVID-19 SCENARIO, 2017–2025 (MILLION UNITS)    40
FIGURE 7    VEHICLE ELECTRIFICATION MARKET: MARKET OUTLOOK    41
FIGURE 8    VEHICLE ELECTRIFICATION MARKET, BY REGION,
2020 VS. 2025 (MILLION UNITS)    42
4    PREMIUM INSIGHTS    44
4.1    ATTRACTIVE OPPORTUNITIES IN THE VEHICLE ELECTRIFICATION MARKET    44
FIGURE 9    STRINGENT EMISSION NORMS & FUEL ECONOMY STANDARDS TO DRIVE THE VEHICLE ELECTRIFICATION MARKET IN THE NEXT 5 YEARS    44
4.2    VEHICLE ELECTRIFICATION MARKET, BY REGION    44
FIGURE 10    ASIA OCEANIA TO HOLD THE LARGEST SHARE IN THE VEHICLE ELECTRIFICATION MARKET, 2019 (VALUE)    44
4.3    VEHICLE ELECTRIFICATION MARKET GROWTH TRENDS, BY COUNTRY    45
FIGURE 11    VEHICLE ELECTRIFICATION MARKET IN MEXICO TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD, 2019–2027 (VALUE)    45
4.4    VEHICLE ELECTRIFICATION MARKET, BY PRODUCT    45
FIGURE 12    ELECTRIC POWER STEERING (EPS) TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD (VALUE)    45
4.5    VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE    46
FIGURE 13    PASSENGER CAR SEGMENT TO HOLD THE LARGEST MARKET SHARE,
2019 (VALUE)    46
4.6    VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION    46
FIGURE 14    ICE & MICRO-HYBRID VEHICLES ARE EXPECTED TO HAVE THE LARGEST MARKET FOR VEHICLE ELECTRIFICATION, 2019 VS. 2027 (VALUE)    46
5    MARKET OVERVIEW    47
5.1    INTRODUCTION    47
5.2    MARKET DYNAMICS    48
FIGURE 15    VEHICLE ELECTRIFICATION MARKET DYNAMICS    48
5.2.1    DRIVERS    48
5.2.1.1    Rising need for 48V architecture    48
5.2.1.2    Adoption of advanced technologies such as e-axle in electric vehicles    49
TABLE 3    TOP HEV & PHEV MODELS WITH ADVANCED TECHNOLOGIES AND SALES    49
5.2.2    RESTRAINTS    50
5.2.2.1    Difficulty in achieving and maintaining an optimum power-to-weight ratio    50
TABLE 4    BATTERY TYPE VS. POWER-TO-WEIGHT RATIO    50
TABLE 5    POWER OUTPUT-TO-VEHICLE WEIGHT    50
5.2.2.2    Higher cost of electric systems    51
5.2.3    OPPORTUNITIES    51
5.2.3.1    Use of alternate materials for overall weight reduction to open new avenues in electric vehicle technologies    51
5.2.3.2    Electrification of commercial vehicles    51
5.2.4    CHALLENGES    52
5.2.4.1    Developing fail-safe electronic and electrical components    52
5.2.4.2    High cost of hybrid and plug-in hybrid vehicles    52

5.3    COVID-19 IMPACT ON AUTOMOTIVE INDUSTRY    52
TABLE 6    EUROPE: LOSS IN VEHICLE PRODUCTION DUE TO PLANT SHUTDOWNS,
BY COUNTRY (UNITS)    53
FIGURE 16    AUTOMOTIVE PRODUCTION: PRE- & POST-COVID-19 SCENARIOS,
2017–2025 (‘000 UNITS)    54
TABLE 7    AUTOMOTIVE PRODUCTION: PRE- &POST-COVID-19 SCENARIOS,
2017–2025 (‘000 UNITS)    54
5.4    COVID-19 IMPACT ANALYSIS ON VEHICLE ELECTRIFICATION MARKET    55
FIGURE 17    VEHICLE ELECTRIFICATION MARKET SCENARIOS,
2017-2025 (MILLION UNITS)    55
5.4.1    MOST LIKELY/REALISTIC SCENARIO    55
TABLE 8    VEHICLE ELECTRIFICATION MARKET (REALISTIC SCENARIO), BY REGION, 2018–2025 (MILLION UNITS)    56
5.4.2    HIGH COVID-19 IMPACT SCENARIO    56
TABLE 9    VEHICLE ELECTRIFICATION MARKET (HIGH COVID-19 IMPACT SCENARIO),
BY REGION, 2018–2025 (MILLION UNITS)    56
5.4.3    LOW COVID-19 IMPACT SCENARIO    57
TABLE 10    VEHICLE ELECTRIFICATION MARKET (LOW COVID-19 IMPACT SCENARIO),
BY REGION, 2018–2025 (MILLION UNITS)    57
6    INDUSTRY TRENDS    58
6.1    INTRODUCTION    58
6.2    COMPANY VS PRODUCT    58
TABLE 11    COMPANY VS PRODUCT, 2018-2019    58
6.3    48 V HYBRID ARCHITECTURE    59
FIGURE 18    VEHICLE ELECTRIFICATION WITH POTENTIAL FUEL SAVINGS    59
6.4    PORTER’S FIVE FORCES ANALYSIS    60
FIGURE 19    PORTER’S FIVE FORCES ANALYSIS    60
6.4.1    THREAT OF NEW ENTRANTS    61
FIGURE 20    CAPITAL-INTENSIVE NATURE AND HIGH R&D EXPENDITURE OF ELECTRIC VEHICLE INDUSTRY TO HAVE THE HIGHEST IMPACT ON NEW MARKET ENTRANTS    61
6.4.2    THREAT OF SUBSTITUTES    62
FIGURE 21    UNAVAILABILITY OF SUFFICIENT INFRASTRUCTURE AND PRODUCT RANGE LOWERS THE THREAT OF SUBSTITUTES    62
6.4.3    BARGAINING POWER OF SUPPLIERS    63
FIGURE 22    HIGH SWITCHING COST AND BACKWARD INTEGRATION IMPACTS THE BARGAINING POWER OF SUPPLIERS    63
6.4.4    BARGAINING POWER OF BUYERS    64
FIGURE 23    LIMITED NUMBER OF SUBSTITUTES AND LOWER VOLUME OF PURCHASES LEAD TO A DECREASE IN BUYER BARGAINING POWER    64
6.4.5    INTENSITY OF COMPETITIVE RIVALRY    65
FIGURE 24    HIGH INDUSTRY GROWTH RATE AND EXIT BARRIERS DRIVE THE INTENSITY OF COMPETITIVE RIVALRY    65

7    48V VEHICLE    66
7.1    INTRODUCTION    66
7.2    NEED FOR 48V ARCHITECTURE    66
7.3    48V MILD HYBRID MARKET, BY REGION    67
FIGURE 25    48V MILD HYBRID MARKET, BY REGION    67
7.3.1    EUROPE IS ESTIMATED TO BE THE LARGEST MARKET    67
TABLE 12    48V MILD HYBRID MARKET, BY REGION, 2017–2027 (000’ UNITS)    67
TABLE 13    48V MILD HYBRID MARKET, BY REGION, 2017–2027 (USD MILLION)    68
TABLE 14    48V MILD HYBRID MARKET, BY PRODUCT, 2017–2027 (USD MILLION)    68
7.4    IMPACT OF 48V ARCHITECTURE    69
FIGURE 26    LOAD DISTRIBUTION OF 12V/48V ARCHITECTURE    69
FIGURE 27    CABLE THICKNESS VS MAXIMUM POWER    70
TABLE 15    ISO 6722 NORMS FOR ALUMINUM WIRING    70
8    VEHICLE ELECTRIFICATION MARKET, BY PRODUCT TYPE    72
8.1    INTRODUCTION    73
TABLE 16    ENERGY EFFICIENT TECHNOLOGIES & FUEL EFFICIENCY ADVANTAGES    73
8.1.1    RESEARCH METHODOLOGY    74
FIGURE 28    PRIMARY INSIGHT    74
TABLE 17    VEHICLE TYPE VS PRODUCT TYPE, 2018-2019    75
8.1.2    ASSUMPTIONS    75
FIGURE 29    VEHICLE ELECTRIFICATION MARKET OUTLOOK, BY PRODUCT TYPE, BY VALUE, 2019 VS 2027    76
TABLE 18    VEHICLE ELECTRIFICATION MARKET, BY PRODUCT TYPE,
2017–2019 (MILLION UNITS)    77
8.1.3    THE MARKET FOR ELECTRIC AIR CONDITIONER COMPRESSOR IS PROJECTED TO GROW AT THE HIGHEST CAGR    77
TABLE 19    VEHICLE ELECTRIFICATION MARKET, BY PRODUCT TYPE,
2020–2025 (MILLION UNITS)    77
TABLE 20    VEHICLE ELECTRIFICATION MARKET, BY PRODUCT TYPE,
2017–2027 (USD MILLION)    78
8.2    START-STOP    78
8.2.1    ASIA OCEANIA IS PROJECTED TO BE THE FASTEST GROWING MARKET    79
TABLE 21    START-STOP SYSTEM MARKET, BY REGION, 2017–2019 (MILLION UNITS)    79
TABLE 22    START-STOP SYSTEM MARKET, BY REGION, 2020–2025 (MILLION UNITS)    79
TABLE 23    START-STOP SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION)    79
8.3    ELECTRIC POWER STEERING (EPS)    80
8.3.1    ASIA OCEANIA IS ESTIMATED TO BE THE LARGEST MARKET    80
TABLE 24    ELECTRIC POWER STEERING (EPS) MARKET, BY REGION,
2017–2019 (MILLION UNITS)    80
TABLE 25    ELECTRIC POWER STEERING (EPS) MARKET, BY REGION,
2020–2025 (MILLION UNITS)    80
TABLE 26    ELECTRIC POWER STEERING (EPS) MARKET, BY REGION,
2017–2027 (USD MILLION)    81
8.4    LIQUID HEATER PTC    81
8.4.1    NORTH AMERICAN MARKET IS EXPECTED TO BE THE SECOND LARGEST    82
TABLE 27    LIQUID HEATER PTC MARKET, BY REGION, 2017–2019 (MILLION UNITS)    82
TABLE 28    LIQUID HEATER PTC MARKET, BY REGION, 2020–2025 (MILLION UNITS)    82
TABLE 29    LIQUID HEATER PTC MARKET, BY REGION, 2017–2027 (USD MILLION)    82
8.5    ELECTRIC AIR CONDITIONER COMPRESSOR    83
8.5.1    NORTH AMERICA IS PROJECT TO BE THE FASTEST-GROWING MARKET OVER THE FORECAST PERIOD    83
TABLE 30    ELECTRIC AIR CONDITIONER COMPRESSOR MARKET, BY REGION,
2017–2019 (MILLION UNITS)    83
TABLE 31    ELECTRIC AIR CONDITIONER COMPRESSOR MARKET, BY REGION,
2020–2025 (MILLION UNITS)    83
TABLE 32    ELECTRIC AIR CONDITIONER COMPRESSOR MARKET, BY REGION,
2017–2027 (USD MILLION)    84
8.6    ELECTRIC VACUUM PUMP    84
8.6.1    THE ASIA OCEANIA MARKET FOR ELECTRIC VACUUM PUMP IS ESTIMATED TO BE THE LARGEST MARKET    84
TABLE 33    ELECTRIC VACUUM PUMP MARKET, BY REGION,
2017–2019 (MILLION UNITS)    84
TABLE 34    ELECTRIC VACUUM PUMP MARKET, BY REGION,
2020–2025 (MILLION UNITS)    85
TABLE 35    ELECTRIC VACUUM PUMP MARKET, BY REGION, 2017–2027 (USD MILLION)    85
8.7    ELECTRIC OIL PUMP    85
8.7.1    ROW IS PROJECTED TO BE THE FASTEST-GROWING MARKET OVER THE FORECAST PERIOD    86
TABLE 36    ELECTRIC OIL PUMP MARKET, BY REGION, 2017–2019 (MILLION UNITS)    86
TABLE 37    ELECTRIC OIL PUMP MARKET, BY REGION, 2020–2025 (MILLION UNITS)    86
TABLE 38    ELECTRIC OIL PUMP MARKET, BY REGION, 2017–2027 (USD MILLION)    86
8.8    ELECTRIC WATER PUMP    87
8.8.1    NORTH AMERICA IS PROJECTED TO BE THE FASTEST-GROWING MARKET OVER THE FORECAST PERIOD    87
TABLE 39    ELECTRIC WATER PUMP MARKET, BY REGION, 2017–2019 (MILLION UNITS)    87
TABLE 40    ELECTRIC WATER PUMP MARKET, BY REGION, 2020–2025 (MILLION UNITS)    88
TABLE 41    ELECTRIC WATER PUMP MARKET, BY REGION, 2017–2027 (USD MILLION)    88
8.9    STARTER MOTOR    88
8.9.1    ASIA OCEANIA IS ESTIMATED TO BE THE LARGEST MARKET    89
TABLE 42    STARTER MOTOR MARKET, BY REGION, 2017–2019 (MILLION UNITS)    89
TABLE 43    STARTER MOTOR MARKET, BY REGION, 2020–2025 (MILLION UNITS)    89
TABLE 44    STARTER MOTOR MARKET, BY REGION, 2017–2027 (USD MILLION)    89
8.10    ALTERNATOR    90
8.10.1    ASIA OCEANIA IS ESTIMATED TO BE THE LARGEST MARKET    90
TABLE 45    ALTERNATOR MARKET, BY REGION, 2017–2019 (MILLION UNITS)    90
TABLE 46    ALTERNATOR MARKET, BY REGION, 2020–2025 (MILLION UNITS)    90
TABLE 47    ALTERNATOR MARKET, BY REGION, 2017–2027 (USD MILLION)    90
8.11    INTEGRATED STARTER GENERATOR (ISG)    91
8.11.1    EUROPE MARKET IS ESTIMATED TO BE THE SECOND LARGEST    91
TABLE 48    INTEGRATED STARTER GENERATOR (ISG) MARKET, BY REGION,
2017–2019 (MILLION UNITS)    91
TABLE 49    INTEGRATED STARTER GENERATOR (ISG) MARKET, BY REGION,
2020–2025 (MILLION UNITS)    91
TABLE 50    INTEGRATED STARTER GENERATOR (ISG) MARKET, BY REGION,
2017–2027 (USD MILLION)    92
8.12    ACTUATOR    92
8.12.1    ASIA OCEANIA IS PROJECTED TO BE THE FASTEST-GROWING MARKET OVER THE FORECAST PERIOD    92
TABLE 51    ACTUATOR MARKET, BY REGION, 2017–2019 (MILLION UNITS)    92
TABLE 52    ACTUATOR MARKET, BY REGION, 2020–2025 (MILLION UNITS)    93
TABLE 53    ACTUATOR MARKET, BY REGION, 2017–2027 (USD MILLION)    93
9    VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE    94
9.1    INTRODUCTION    95
9.1.1    RESEARCH METHODOLOGY    95
FIGURE 30    PRIMARY INSIGHT    96
9.1.2    ASSUMPTIONS    96
FIGURE 31    VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE,
2019 VS. 2027 (USD MILLION)    97
9.1.3    THE PASSENGER CAR SEGMENT IS ESTIMATED TO BE THE LARGEST MARKET    97
TABLE 54    VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE,
2017–2019 (MILLION UNITS)    97
TABLE 55    VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE,
2020–2025 (MILLION UNITS)    97
TABLE 56    VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE,
2020–2025 (USD MILLION)    98
9.2    PASSENGER CAR    98
9.2.1    BY REGION    98
TABLE 57    PASSENGER CAR MARKET, BY REGION, 2017–2019 (MILLION UNITS)    98
TABLE 58    PASSENGER CAR MARKET, BY REGION, 2020–2025 (MILLION UNITS)    99
TABLE 59    PASSENGER CAR MARKET, BY REGION, 2017–2027 (USD MILLION)    99
9.2.2    BY DEGREE OF HYBRIDIZATION    99
TABLE 60    PASSENGER CAR MARKET, BY DEGREE OF HYBRIDIZATION,
2017–2019 (MILLION UNITS)    99
TABLE 61    PASSENGER CAR MARKET, BY DEGREE OF HYBRIDIZATION,
2020–2025 (MILLION UNITS)    100
TABLE 62    PASSENGER CAR MARKET, BY DEGREE OF HYBRIDIZATION,
2017–2027 (USD MILLION)    100
9.3    LIGHT COMMERCIAL VEHICLE (LCV)    101
9.3.1    BY REGION    101
TABLE 63    LCV MARKET, BY REGION, 2017–2019 (MILLION UNITS)    101
TABLE 64    LCV MARKET, BY REGION, 2020–2025 (MILLION UNITS)    101
TABLE 65    LCV MARKET, BY REGION, 2017–2027 (USD MILLION)    102
10    VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION    103
10.1    INTRODUCTION    104
FIGURE 32    VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION,
2017 VS. 2027    104
10.1.1    RESEARCH METHODOLOGY    105
FIGURE 33    PRIMARY INSIGHT    105
TABLE 66    VEHICLE TYPE VS PRODUCT, 2018-2019    106
10.1.2    ASSUMPTIONS    106
10.1.3    THE ICE VEHICLE SEGMENT IS EXPECTED TO BE THE LARGEST MARKET,
IN TERMS OF VOLUME    107
TABLE 67    VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION,
2017–2019 (MILLION UNITS)    107
TABLE 68    VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION,
2020–2025 (MILLION UNITS)    107
TABLE 69    VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION,
2020–2025 (USD MILLION)    107
FIGURE 34    HYBRID TECHNOLOGY    108
10.2    INTERNAL COMBUSTION ENGINE (ICE) & MICRO HYBRID VEHICLE    108
10.2.1    ASIA OCEANIA IS EXPECTED TO BE THE LARGEST MARKET,
IN TERMS OF VOLUME    108
TABLE 70    ICE & MICRO HYBRID MARKET, BY REGION, 2017–2019 (MILLION UNITS)    108
TABLE 71    ICE & MICRO HYBRID MARKET, BY REGION, 2020–2025 (MILLION UNITS)    109
TABLE 72    ICE & MICRO HYBRID MARKET, BY REGION, 2017–2027 (USD MILLION)    109
10.3    HYBRID ELECTRIC VEHICLE (HEV)    109
10.3.1    ROW IS EXPECTED TO BE THE FASTEST-GROWING MARKET
DURING THE FORECAST PERIOD    110
TABLE 73    HYBRID ELECTRIC VEHICLE MARKET, BY REGION,
2017–2019 (MILLION UNITS)    110
TABLE 74    HYBRID ELECTRIC VEHICLE MARKET, BY REGION,
2020–2025 MILLION UNITS)    110
TABLE 75    HYBRID ELECTRIC VEHICLE MARKET, BY REGION, 2017–2027 (USD MILLION)    110
10.4    PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)    111
10.4.1    ASIA OCEANIA IS EXPECTED TO BE THE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD    111
TABLE 76    PLUG-IN HYBRID VEHICLE MARKET, BY REGION,
2017–2019 (MILLION UNITS)    111
TABLE 77    PLUG-IN HYBRID VEHICLE MARKET, BY REGION,
2020–2025 (MILLION UNITS)    111
TABLE 78    PLUG-IN HYBRID VEHICLE MARKET, BY REGION, 2017–2027 (USD MILLION)    112
10.5    BATTERY ELECTRIC VEHICLE (BEV)    112
10.5.1    NORTH AMERICA IS PROJECTED TO BE THE LARGEST MARKET DURING THE FORECAST PERIOD    112
TABLE 79    BEV MARKET, BY REGION, 2017–2019 (MILLION UNITS)    112
TABLE 80    BEV MARKET, BY REGION, 2020–2025 (MILLION UNITS)    113
TABLE 81    BEV MARKET, BY REGION, 2017–2027 (USD MILLION)    113
10.6    48 V VEHICLE    113
10.6.1    EUROPE IS EXPECTED TO BE THE LARGEST MARKET, IN TERMS OF VOLUME    114
TABLE 82    48 V VEHICLE MARKET, BY REGION, 2017–2019 (MILLION UNITS)    114
TABLE 83    48 V VEHICLE MARKET, BY REGION, 2020–2025 (MILLION UNITS)    114
TABLE 84    48 V VEHICLE MARKET, BY REGION, 2017–2027 (USD MILLION)    114
11    VEHICLE ELECTRIFICATION MARKET, BY REGION    115
11.1    INTRODUCTION    116
FIGURE 35    RESEARCH METHODOLOGY    117
FIGURE 36    PRIMARY INSIGHT    117
11.1.1    ASSUMPTIONS    118
FIGURE 37    REGION-WISE SNAPSHOT OF THE VEHICLE ELECTRIFICATION MARKET (VALUE): ASIA OCEANIA ACCOUNTS FOR THE LARGEST MARKET SHARE,
2019 VS. 2027    118
TABLE 85    VEHICLE ELECTRIFICATION MARKET, BY REGION,
2017–2019 (MILLION UNITS)    118
TABLE 86    VEHICLE ELECTRIFICATION MARKET, BY REGION,
2020–2025 (MILLION UNITS)    119
TABLE 87    VEHICLE ELECTRIFICATION MARKET, BY REGION, 2017–2027 (USD MILLION)    119
11.2    ASIA OCEANIA    119
FIGURE 38    ASIA OCEANIA: VEHICLE ELECTRIFICATION MARKET SNAPSHOT    120
FIGURE 39    ASIA OCEANIA: VEHICLE ELECTRIFICATION MARKET,
2019 VS. 2027 (USD MILLION)    121
TABLE 88    ASIA OCEANIA VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2017–2019 (MILLION UNITS)    121
TABLE 89    ASIA OCEANIA VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2020–2025 (MILLION UNITS)    121
TABLE 90    ASIA OCEANIA VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2017–2027 (USD MILLION)    122
11.2.1    CHINA    122
11.2.1.1    China is estimated to record the highest growth    122
TABLE 91    CHINA MARKET, BY PRODUCT, 2017–2019 (MILLION UNITS)    122
TABLE 92    CHINA MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    123
TABLE 93    CHINA MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    123
11.2.2    JAPAN    124
11.2.2.1    Electric air conditioner compressor is estimated to record the
highest growth    124
TABLE 94    JAPAN MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)    124
TABLE 95    JAPAN MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    124
TABLE 96    JAPAN MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    125
11.2.3    SOUTH KOREA    126
11.2.3.1    Electric power steering is expected to hold the second largest market    126
TABLE 97    SOUTH KOREA MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)    126
TABLE 98    SOUTH KOREA MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    126
TABLE 99    SOUTH KOREA MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    127
11.2.4    INDIA    128
11.2.4.1    Electric air conditioner compressor is estimated to record the highest growth    128
TABLE 100    INDIA MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)    128
TABLE 101    INDIA MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    128
TABLE 102    INDIA MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    129
11.2.5    REST OF ASIA OCEANIA    130
11.2.5.1    Electric power steering is expected to hold the second-largest market    130
TABLE 103    REST OF ASIA OCEANIA MARKET, BY PRODUCT TYPE,
2017–2019 (MILLION UNITS)    130
TABLE 104    REST OF ASIA OCEANIA MARKET, BY PRODUCT TYPE,
2020–2025 (MILLION UNITS)    130
TABLE 105    REST OF ASIA OCEANIA MARKET, BY PRODUCT TYPE,
2017–2027 (USD MILLION)    131
11.3    EUROPE    131
FIGURE 40    EUROPE: VEHICLE ELECTRIFICATION MARKET SNAPSHOT    132
FIGURE 41    EUROPE: VEHICLE ELECTRIFICATION MARKET, 2019 VS. 2027 (USD MILLION)    133
TABLE 106    EUROPE VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2017–2019 (MILLION UNITS)    133
TABLE 107    EUROPE: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2020–2025 (MILLION UNITS)    133
TABLE 108    EUROPE: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2017–2027 (USD MILLION)    134
11.3.1    GERMANY    134
11.3.1.1    Electric vacuum pump is estimated to record the highest growth    134
TABLE 109    GERMANY MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)    134
TABLE 110    GERMANY MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    135
TABLE 111    GERMANY MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    135
11.3.2    FRANCE    136
11.3.2.1    Electric air conditioner compressor is estimated to record the
highest growth    136
TABLE 112    FRANCE MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)    136
TABLE 113    FRANCE MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    136
TABLE 114    FRANCE MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    137
11.3.3    UK    138
11.3.3.1    Electric air conditioner compressor is estimated to record the
highest growth    138
TABLE 115    UK MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)    138
TABLE 116    UK MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    138
TABLE 117    UK MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    139
11.3.4    SPAIN    140
11.3.4.1    Electric power steering is expected to hold the largest market    140
TABLE 118    SPAIN MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)    140
TABLE 119    SPAIN MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    140
TABLE 120    SPAIN MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    141
11.3.5    REST OF EUROPE    142
11.3.5.1    Electric power steering is expected to hold the largest market    142
TABLE 121    REST OF EUROPE MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)    142
TABLE 122    REST OF EUROPE MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    142
TABLE 123    REST OF EUROPE MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    143
11.4    NORTH AMERICA    143
FIGURE 42    NORTH AMERICA: VEHICLE ELECTRIFICATION MARKET,
2019 VS. 2027 (USD MILLION)    144
TABLE 124    NORTH AMERICA: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2017–2019 (MILLION UNITS)    144
TABLE 125    NORTH AMERICA: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2020–2025 (MILLION UNITS)    145
TABLE 126    NORTH AMERICA: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2017–2027 (USD MILLION)    145
11.4.1    US    146
11.4.1.1    Liquid heater PTC is estimated to record the highest growth    146
TABLE 127    US MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)    146
TABLE 128    US MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    146
TABLE 129    US MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    147
11.4.2    CANADA    148
11.4.2.1    Electric power steering is expected to hold the largest market    148
TABLE 130    CANADA MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)    148
TABLE 131    CANADA MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    148
TABLE 132    CANADA MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    149
11.4.3    MEXICO    150
11.4.3.1    Integrated starter generator is expected to hold the largest market    150
TABLE 133    MEXICO MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)    150
TABLE 134    MEXICO MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    150
TABLE 135    MEXICO MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    151
11.5    ROW    152
FIGURE 43    ROW: VEHICLE ELECTRIFICATION MARKET, 2019 VS. 2027 (USD MILLION)    152
TABLE 136    ROW: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2017–2019 (MILLION UNITS)    152
TABLE 137    ROW: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2020–2025 (MILLION UNITS)    152
TABLE 138    ROW: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2017–2027 (USD MILLION)    153
11.5.1    BRAZIL    153
11.5.1.1    Electric power steering is expected to hold the largest market    153
TABLE 139    BRAZIL MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)    153
TABLE 140    BRAZIL MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    154
TABLE 141    BRAZIL MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    154
11.5.2    RUSSIA    155
11.5.2.1    Electric air conditioner compressor is estimated to record the
fastest growth    155
TABLE 142    RUSSIA MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)    155
TABLE 143    RUSSIA MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    155
TABLE 144    RUSSIA MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    156
11.5.3    REST OF ROW    157
11.5.3.1    Actuator is expected to hold the largest market in terms of value    157
TABLE 145    REST OF ROW MARKET, BY PRODUCT TYPE, 2017–2019 (MILLION UNITS)    157
TABLE 146    REST OF ROW MARKET, BY PRODUCT TYPE, 2020–2025 (MILLION UNITS)    157
TABLE 147    REST OF ROW MARKET, BY PRODUCT TYPE, 2017–2027 (USD MILLION)    158
12    COMPETITIVE LANDSCAPE    159
12.1    INTRODUCTION    159
12.1.1    VANGUARDS    159
12.1.2    INNOVATORS    159
12.1.3    DYNAMIC    159
12.1.4    EMERGING    160
12.2    VEHICLE ELECTRIFICATION MARKET: VENDOR DIVE MATRIX    160
FIGURE 44    VEHICLE ELECTRIFICATION MARKET: VENDOR DIVE ANALYSIS    160
12.3    COMPETITIVE BENCHMARKING    161
FIGURE 45    PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN VEHICLE ELECTRIFICATION MARKET    161
FIGURE 46    BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN VEHICLE ELECTRIFICATION MARKET    162
12.4    MARKET RANKING    163
FIGURE 47    VEHICLE ELECTRIFICATION MARKET RANKING, 2017    163
12.5    COMPETITIVE SCENARIO    163
FIGURE 48    COMPANIES ADOPTED EXPANSIONS AS THE KEY GROWTH STRATEGY,
2014–2019    164
12.5.1    EXPANSION    165
TABLE 148    EXPANSIONS, 2015–2017    165
12.5.2    SUPPLY CONTRACTS    166
TABLE 149    SUPPLY CONTRACT, 2015–2017    166
12.5.3    NEW PRODUCT LAUNCHES/DEVELOPMENTS    167
TABLE 150    NEW PRODUCT LAUNCHES/DEVELOPMENTS, 2016–2017    167
12.5.4    PARTNERSHIPS/JOINT VENTURES    168
TABLE 151    PARTNERSHIP/JOINT VENTURES, 2016–2017    168
12.5.5    MERGERS & ACQUISITIONS    169
TABLE 152    MERGERS & ACQUISITIONS, 2015–2017    169

13    COMPANY PROFILES    170
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
13.1    BOSCH    170
FIGURE 49    BOSCH: COMPANY SNAPSHOT    170
FIGURE 50    BOSCH: SWOT ANALYSIS    173
13.2    CONTINENTAL    174
FIGURE 51    CONTINENTAL: COMPANY SNAPSHOT    174
FIGURE 52    CONTINENTAL: SWOT ANALYSIS    177
13.3    DENSO    178
FIGURE 53    DENSO: COMPANY SNAPSHOT    178
FIGURE 54    DENSO: SWOT ANALYSIS    180
13.4    DELPHI    181
FIGURE 55    DELPHI: COMPANY SNAPSHOT    181
13.5    MITSUBISHI    184
FIGURE 56    MITSUBISHI: COMPANY SNAPSHOT    184
FIGURE 57    MITSUBISHI: SWOT ANALYSIS    186
13.6    BORGWARNER    187
FIGURE 58    BORGWARNER: COMPANY SNAPSHOT    187
FIGURE 59    BORGWARNER: SWOT ANALYSIS    191
13.7    JOHNSON ELECTRIC    192
FIGURE 60    JOHNSON ELECTRIC: COMPANY SNAPSHOT    192
13.8    MAGNA    194
FIGURE 61    MAGNA: COMPANY SNAPSHOT    194
13.9    AISIN SEIKI    196
FIGURE 62    AISIN SEIKI: COMPANY SNAPSHOT    196
13.10    JOHNSON CONTROLS    198
FIGURE 63    JOHNSON CONTROL: COMPANY SNAPSHOT    198
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
13.11    ADDITIONAL COMPANIES    200
13.11.1    ASIA OCEANIA    200
13.11.1.1    JTEKT Corporation    200
13.11.1.2    Hitachi Automotive    200
13.11.1.3    Calsonic Kansei    200
13.11.2    EUROPE    200
13.11.2.1    ZF    200
13.11.2.2    Valeo    201
13.11.2.3    WABCO    201
13.11.2.4    GKN    201
13.11.2.5    Schaeffler    201
13.11.2.6    MAHLE    202

13.11.3    NORTH AMERICA    202
13.11.3.1    Dana (US)    202
14    APPENDIX    203
14.1    INSIGHTS OF INDUSTRY EXPERTS    203
14.2    DISCUSSION GUIDE    204
14.3    KNOWLEDGE STORE  207
14.4    AVAILABLE CUSTOMIZATIONS    209
14.4.1    48V MARKET, BY COMPONENT & REGION    209
14.4.1.1    Asia Oceania    209
14.4.1.1.1    Start-Stop System    209
14.4.1.1.2    Electric Power Steering (EPS)    209
14.4.1.1.3    Liquid Heater PTC    209
14.4.1.1.4    Electric Air Conditioner Compressor    209
14.4.1.1.5    Electric Vacuum Pump    209
14.4.1.1.6    Electric oil Pump    209
14.4.1.1.7    Electric water Pump    209
14.4.1.1.8    Starter    209
14.4.1.1.9    Alternator    209
14.4.1.1.10    Integrated starter generator    209
14.4.1.1.11    Actuator    209
14.4.1.2    Europe    209
14.4.1.2.1    Start-Stop System    209
14.4.1.2.2    Electric Power Steering (EPS)    209
14.4.1.2.3    Liquid Heater PTC    209
14.4.1.2.4    Electric Air Conditioner Compressor    209
14.4.1.2.5    Electric Vacuum Pump    209
14.4.1.2.6    Electric Oil Pump    209
14.4.1.2.7    Electric Water Pump    209
14.4.1.2.8    Starter    209
14.4.1.2.9    Alternator    209
14.4.1.2.10    Integrated Starter Generator    210
14.4.1.2.11    Actuator    210
14.4.1.3    North America    210
14.4.1.3.1    Start-Stop System    210
14.4.1.3.2    Electric Power Steering (EPS)    210
14.4.1.3.3    Liquid Heater PTC    210
14.4.1.3.4    Electric Air Conditioner Compressor    210
14.4.1.3.5    Electric Vacuum Pump    210
14.4.1.3.6    Electric Oil Pump    210
14.4.1.3.7    Electric Water Pump    210
14.4.1.3.8    Starter    210
14.4.1.3.9    Alternator    210
14.4.1.3.10    Integrated starter generator    210
14.4.1.3.11    Actuator    210
14.4.1.4    Rest of the World    210
14.4.1.4.1    Start-Stop System    210
14.4.1.4.2    Electric Power Steering (EPS)    210
14.4.1.4.3    Liquid Heater PTC    210
14.4.1.4.4    Electric Air Conditioner Compressor    210
14.4.1.4.5    Electric Vacuum Pump    210
14.4.1.4.6    Electric Oil Pump    210
14.4.1.4.7    Electric Water Pump    210
14.4.1.4.8    Starter    210
14.4.1.4.9    Alternator    210
14.4.1.4.10    Integrated starter generator    210
14.4.1.4.11    Actuator    210
14.5    RELATED REPORTS    211
14.6    AUTHOR DETAILS    212