Vehicle Electrification Market is expected to grow with a CAGR of 8.8% from 2023 to 2030.

This report describes the global market size of Vehicle Electrification Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 8.8% from 2023 to 2030.

The process of incorporating electric power sources and technologies into different kinds of vehicles such as reducing or swapping out conventional internal combustion engines with electric propulsion systems is known as vehicle electrification. By lowering greenhouse gas emissions, increasing energy efficiency, and reducing reliance on fossil fuels, this shift seeks to achieve cleaner, more sustainable transportation. A variety of technologies are included in the category of vehicle electrification, including fuel cell electric vehicles (FCEVs), fully electric or battery electric vehicles (BEVs), and hybrid electric vehicles (HEVs).

Top Companies in the Global Vehicle Electrification Market: Robert Bosch GmbH, Continental AG, DENSO CORPORATION, Aptiv, Johnson Electric Holdings Limited, Mitsubishi Electric Corporation, Magna International Inc., AISIN CORPORATION, ZF Friedrichshafen AG, Valeo SA, others.

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The Vehicle Electrification market can be divided based on product types and its sub-type, major applications and Third-Party usage area, and important regions.

By Product
Start/Stop System
Electric Power Steering
Liquid Heater Ptc
Electric Air Conditioner Compressor
Electric Vacuum Pump
Electric Oil Pump
Electric Water Pump
Starter Motor & Alternator
Integrated Starter Generator
Actuators

By Hybridization
Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
HEV
PHEV
BEV

Business opportunities of Vehicle Electrification Market in the following regions and countries:

North America (USA, Canada and Mexico)
Europe (Germany, Great Britain, France, Italy, Russia, Spain and Benelux countries)
Asia Pacific (China, Japan, India, Southeast Asia, and Australia)
Latin America (Brazil, Argentina and Colombia)
Remaining Countries

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