Vehicle electrification market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to global vehicle electrification market Vehicle electrification means transforming the vehicle to use electric energy by integrating electric components and technological solutions for the operations in the vehicle. Vehicle electrification is considered to be the best to eliminate or reduce carbon emission and increase vehicle efficiency. Vehicle electrification is also helping the user to less dependent on oil and non-renewable resource.

The major factor which is driving the growth of the vehicle electrification market is the rapidly shifting of automobiles from hydrocarbon energy to electrical energy due to scarcity of resources such as oil for use in the future. Also, the electric vehicle is a zero-emission and reduces pollution which is also driving the market of vehicle electrification. Government regulations regarding vehicle emission norms are also one of the key factors for the growth of the market.

Global vehicle electrification market is expected to reach USD 169.71 billion by 2028 and witnessing market growth at a rate of 12.6% in the forecast period of 2021 to 2028. Data Bridge Market Research report on global vehicle electrification market provides analysis and insights regarding the leading current market analysis scenario, upcoming as well as future opportunities and competitors. Global Vehicle Electrification Market, By Product Type (Start-Stop, EPS, Liquid Heater PTC, Electric Air Conditioner Compressor, Electric Vacuum Pump, Electric Oil Pump, Electric Water Pump, Thermoelectric Generator, Electric Turbocharger, Starter Motor, Alternator, ISG, Actuator), Voltage (12V, 14V, 24V, 48V), Vehicle Type (Passenger Car (PC), Two-Wheeler, Light-Commercial Vehicle (LCV) and Heavy Commercial Vehicle (HCV)), Degree of Hybridization (ICE & Micro Hybrid Vehicle, HEV, PHEV, BEV & FCEV, 48 V Vehicle), Channel Type (OEMs, Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

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Vehicle Electrification Market Country Level Analysis
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data. The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Vehicle Electrification Market Scope and Market Size
The vehicle electrification market on the basis of product type has been segmented into start-stop, EPS, liquid heater PTC, electric air conditioner compressor, electric vacuum pump, electric oil pump, electric water pump, thermoelectric generator, electric turbocharger, starter motor, alternator, ISG and actuator. EPS (electric power steering) is emerging rapidly with highest growth rate as this system is powered by computers to enhance the overall driving performance by analysing the driver and road inputs for calculating and optimizing the vehicle output. This system helps in reducing or eliminating human error during driving. Based on degree of hybridization, global vehicle electrification market has been segmented into ICE & micro hybrid vehicle, HEV, PHEV, BEV & FCEV, 48 V Vehicle. Hybrid electric vehicle is estimated to grow fastest growth rate as it gave the ability to use the multiple power sources to run the vehicle and consists of combustible engine and electric motor with batteries.
The major players covered in the vehicle electrification market report are Ford Motor Company, Volkswagen AG, Continental AG, Robert Bosch GmbH, Magna International Inc., Westfalia-Automotive GmbH, TowGo, LLC, WABCO, Carit Automotive GmbH & Co. KG, Daimler AG, VALEO, Garmin Ltd., Cogent Embedded, Inc., DornerWorks, Ltd., Jaguar Land Rover Limited, POCLAIN HYDRAULICS, General Motors among some global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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