Vehicle Electrification Market Size Worth $125.12 Billion By 2025

January 2018 | Report Format: Electronic (PDF)

Vehicle Electrification Market Growth & Trends

The global vehicle electrification market is anticipated to reach USD 125.12 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for electrification in transport automobiles is increasing owing to social influence and acceptability to shift in favor of electrification via lowered usage of petroleum to energy-efficient vehicles. Moreover, regional legislation policies and regulatory efforts globally on strengthening CO2 emissions standard have been immensely contributing to the growth of the market. 

Integrated Starter Generator (ISG) product is expected to gain traction over the forecast period. The application of ISG in the vehicles helps the engine to instant and silently restart after the idle or traffic stop when the engines shut down to reduce emission and save fuel. ISG achieves vibration and noise-reduced operation improving the automobile comfort for the user. Further, ISG optimizes the electric energy by reducing the load of the engine which further drives the content of an electronic solution in the vehicle. The integrated starter generator in the automobile has significant influence to start the engine under extremely low-temperature conditions.

The demand for integrated started generator product type was valued at USD 4.97 billion in 2016 and is expected to reach over USD 11.16 billion by 2025.

The internal combustion engine (ICE) & micro-hybrid vehicle is one of the largest segment in hybridization type. The growth of ICE & micro-hybrid automobiles is attributed to mechanical integration which yields significant fuel economy when it is idle in traffic or at a signal. Moreover, to meet the growing environmental challenges which are posed by several emission legislations automakers have developed various eco-solutions in the conventional ICE.

Increasing user demand for eco-friendly solutions and stringent emission regulations are a few key factors that are expected to impact the growth of internal combustion engine & micro-hybrid vehicles in the market over the forecast period. The internal combustion engine & micro-hybrid vehicle segment is anticipated to grow at a CAGR of 7.8% from 2017 to 2025.

 Request a free sample copy or view report summary: Vehicle Electrification Market Report

Vehicle Electrification Market Report Highlights

  • The global vehicle electrification market accounted for USD 58.92 billion in 2016 and is expected to grow at a CAGR of 9.1% from 2017 to 2025

  • Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle emerged as the largest segment in 2016 and is estimated to generate revenue of over USD 70.68 billion by 2025.

  • The BEV hybridization segment is anticipated to witness moderate growth over the next eight years.

  • The electric vacuum pump within the product segment is estimated to reach over USD 17.75 billion by 2025

  • The Asia Pacific market is projected to witness substantial growth over the next decade owing to the growing adoption of vehicle electrification methods among the automobile sector on a large scale. The regional market is expected to grow at a CAGR of 8.5% from 2017 to 2025.

  • Key players include Robert Bosch GmbH, Continental AG, Denso Corporation, Delphi Automotive PLC, Johnson Electric, and Mitsubishi Electric Corporation, accounting for a majority share of the overall market in 2016

Vehicle Electrification Market Segmentation

Grand View Research has segmented the vehicle electrification market on the basis of product, hybridization, and region:

Product Outlook (Revenue, USD Million, 2014 - 2025)

  • 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 Outlook (Revenue, USD Million, 2014 - 2025)

  • Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle

  • Hybrid Electric Vehicle (HEV)

  • Plug-In Hybrid Electric Vehicle (PHEV)

  • Battery Electric Vehicle (BEV)

Regional Outlook  (Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Rest of the World

    • Brazil

    • Mexico

Pricing & Purchase Options

Service Guarantee

  • Quality assurance

    Insured Buying

    This report has a service guarantee. We stand by our report quality.

  • Information security


    We are in compliance with GDPR & CCPR norms. All interactions are confidential.

  • grand view research PCI DSS complaint grand view research gdpr verified
  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

Buy Chapters or Sections

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities