Vehicle Electrification Market to Grow at a CAGR of 13.0% to 2019 Says a Latest Research Report Available at ReportsnReports.com
Dallas, TX (PRWEB) December 21, 2014 -- APAC vehicle electrification market is expected to grow at a CAGR of 15.2% to 2019 while the North America vehicle electrification market is to grow at a CAGR of 16.4%. A growth rate of only 6.7% is expected from the European region. Complete report is available at http://www.reportsnreports.com/reports/320486-vehicle-electrification-market-by-product-type-start-stop-liquid-heater-ptc-eps-electric-air-conditioner-compressor-electric-pump-vacuum-oil-water-degree-of-hybridization-ice-micro-hybrid-hev-phev-bev-region-trends-forecast-to-2019.html .
The growth in this market is primarily propelled by increasing prices of conventional fuels, sales growth of electric vehicles (EVs), stringent emission norms and greater demand for engine downsizing and better fuel economy. In addition, tax exemption and subsidy provided by government of various countries will also create better opportunities for the vehicle electrification market. The global vehicle electrification market is dominated by few major players with many other small/medium players. Few of the key players are Continental AG, Denso Corporation, Mitsubishi Electric Corporation, Robert Bosch GMBH, TRW Automotive Holdings Corp, BorgWarner Inc, Delphi Automotive PLC, JTEKT Corporation, Mando Corp and ZF Friedrichshafen AG. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=320486 .
The report also provides a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the global vehicle electrification market. The key players in the market for vehicle electrification have also been identified and profiled. Apart from quantitative analysis of these markets, the report also covers qualitative aspects such as value chain analysis, PEST analysis and Porter’s five force analysis for the global vehicle electrification market. This report also provides qualitative data about vehicle electrification systems and its components.
Asia-Oceania is estimated to be the largest and fastest growing market for vehicle electrification market. Japan and China are the main contributors to the growth of vehicle electrification market in Asia-Oceania region. To cater to this huge demand of the Asia-Oceania region many OEMs are expanding to this region. Priced at $4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=320486 .
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