Vehicle Electrification Market – Global Forecast to 2032
차량 전기화 시장 – 제품 유형(시동-정지, EPS, EHPS, 액체 히터 PTC, 전기 A/C 컴프레서, 전기 진공 펌프, 전기 오일 펌프, 전기 워터 펌프, ISG), 추진, DOH, 차량 유형 및 지역 – 2030년까지의 세계 예측
Vehicle Electrification Market by Product Type (Start-Stop, EPS, EHPS, Liquid Heater PTC, Electric A/C Compressor, Electric Vacuum Pump, Electric Oil Pump, Electric Water Pump, ISG), Propulsion, DOH, Vehicle Type, and Region – Global Forecast to 2032
| 조사회사 | MarketsandMarkets |
| 출판년월 | 2025년9월 |
| 페이지 수 | 303 |
| 도표 수 | 424 |
| 라이센스 | Single User License |
| 가격 | USD 4,950 |
| 구성 | 영문조사보고서 |
이 보고서는 시장 선도 기업/신규 진입 기업이 전기차 시장 및 하위 부문의 매출 수치에 대한 가장 근사치 정보를 얻는 데 도움이 될 것입니다. 또한, 전기차 시장의 호황과 불황을 논의하여 부품 공급업체가 전략을 수립할 수 있도록 지원합니다. 이 보고서는 이해관계자들이 경쟁 환경을 이해하고, 사업 입지를 강화하고 적절한 시장 진출 전략을 수립하는 데 필요한 통찰력을 얻는 데 도움이 될 것입니다. 또한, 이해관계자들이 시장 동향을 파악하고 주요 시장 동인, 제약, 과제, 기회에 대한 정보를 제공합니다.
차량 전기화 시장은 2025년 569억 4천만 달러에서 2032년 913억 달러로 연평균 7.0% 성장할 것으로 전망됩니다. OEM들은 엄격한 배출 규제를 충족하고 모든 차량 유형의 연비를 향상시키기 위해 기존 시스템에서 스타트-스톱 시스템, 전기 오일 펌프, 전기 진공 펌프와 같은 첨단 전기 부품으로 지속적으로 전환하고 있으며, 이는 시장을 주도하고 있습니다. 예를 들어, 커민스는 최근 스톱-스타트, 중립 공회전, 자동 엔진 정지 등의 공회전 감소 기술을 강조했는데, 이는 차량용 내연기관 파워트레인의 연비를 최대 17%까지 향상시킬 수 있습니다. 부품 공급업체들은 또한 기계식 대비 기생 부하를 줄이는 에너지 효율적인 전기 오일 펌프 및 진공 펌프를 홍보하고 있습니다. 그럼에도 불구하고, 전기 자동차의 높은 가격은 여전히 제약으로 남아 있으며, 특히 인도와 남아시아 국가와 같이 가격에 민감한 시장에서는 이러한 첨단 시스템의 통합이 성능 향상과 경제성 사이에서 균형을 맞춰야 합니다.
The vehicle electrification market is projected to grow from USD 56.94 billion in 2025 to USD 91.30 billion by 2032 at a CAGR of 7.0%. OEMs continue transitioning from conventional systems to advanced electrified components such as start-stop systems, electric oil pumps, and electric vacuum pumps to meet strict emissions regulations and enhance fuel efficiency across all vehicle types, driving the market. For instance, Cummins recently highlighted idle reduction technologies, including stop-start, neutral idle, and automatic engine shutdown, capable of delivering up to 17% fuel-economy improvements in ICE powertrains for fleet applications. Component suppliers are also promoting energy-efficient electric oil and vacuum pumps that reduce parasitic loads compared to mechanical counterparts. Still, the higher cost of electric vehicles remains a constraint, especially for price-sensitive markets such as India and South Asia countries, where integration of these advanced systems must balance performance gains with affordability.
“By degree of hybridization, the ICE & micro hybrid vehicle is projected to be the largest segment during the forecast period.”
The ICE & micro hybrid vehicle segment accounts for the largest share within the global vehicle electrification market by degree of hybridization, primarily due to their wide deployment in mainstream passenger cars and their compatibility with existing automotive infrastructure. Micro hybrids, which commonly integrate start-stop systems and electric power steering (EPS), have become standard equipment, especially in cost-sensitive and high-volume markets across the Asia Pacific and North America. Electric power steering is being increasingly adopted in ICE and micro-hybrid platforms. It helps reduce engine loads, enhance energy efficiency, and support advanced driver assistance systems. Additionally, electrified auxiliaries such as electric vacuum pumps, electric A/C compressors, and coolant pumps, among others, within the 48 V mild-hybrid architecture would further enhance vehicle efficiency. Alternatively, rising integration of ISG technology in newer models for dynamic energy management would present a lucrative growth opportunity in the ICE & micro-hybrid vehicle electrification by 2032.
“The electric coolant pump segment is projected to be among the fastest-growing propulsion segments throughout the forecast period.”
The electric coolant pump segment is emerging with a significant growth component across 48 V mild-hybrid, HEV, PHEV, and BEV architectures, addressing thermal precision needs in these vehicles. Unlike mechanically driven variants, electric coolant pumps offer precise, variable control over coolant flow, enabling efficient and targeted heat dissipation for power electronics, batteries, and turbocharged engines. Their integration is especially pronounced in 48V architectures, where it supports the efficient operation of auxiliary systems without relying on the engine. The shift to 48V electrical systems is enabling more advanced auxiliary electrification, such as electric coolant pumps that provide precise, on-demand cooling. This improves vehicle efficiency, helps control emissions, and allows for smaller, more efficient cooling systems, which are especially important as car makers move toward fully electric vehicles. 12V electric coolant pump leads the global installation rate owing to its higher installation base in electric & hybrid light-duty vehicles, as these vehicles have lower voltage and power requirements and are usually fitted with a 12V electrical system for main and auxiliary applications such as batteries, inverters, power electronics, lighting, and others. Further, these pumps with a wattage range of <150 W are typically used in smaller vehicles or auxiliary cooling systems where lower power consumption and flow rates are sufficient. Recent OEM and supplier developments have accelerated this trend. For instance, in 2024, Rheinmetall secured a substantial order of electric coolant pumps for several million units, rated between 50 watts and 2000 watts, for hybrid vehicle production through 2030, with service support extending to 2045, demonstrating supplier confidence in long-term demand. Additionally, in India, Concentric AB won a ~USD 6.6 million (70 MSEK) contract to supply its electric coolant pump for a new battery electric bus platform, with production scheduled to begin in late 2025. With stricter emissions rules, the growing popularity of fast-charging electric cars, and more requirements for mild hybrids, electric coolant pumps are becoming a key part of automakers’ plans for vehicle electrification during the forecasted period.
“Europe is projected to be the second-largest market for vehicle electrification in 2025.”
Europe is projected to be the second-largest market for vehicle electrification, driven by significant government incentives and robust industry engagement across its leading economies. The region’s electrification landscape is characterized by a diversified portfolio encompassing all propulsion vehicles from ICE to HEVs to PHEVs and BEVs. Germany, as Europe’s largest automotive hub, leads with rapid growth in BEV sales, surpassing ~158 thousand units in early 2025, supported strongly by OEMs like Volkswagen and BMW advancing electrified platforms and powertrain architectures. France and the UK similarly support the market’s growth with strong policy support and OEM electrification roadmaps, with the UK’s Vehicle Emissions Trading Scheme facilitating a near 30% EV sales share in 2024. Moreover, Europe’s advanced charging infrastructure, with over 1 million public points by Q1 2025, supports BEV and PHEV adoption. Key suppliers, including Continental, Bosch, and Denso, are developing electrified components such as electric oil pumps, integrated inverters, and battery thermal management systems tailored for Europe’s regulatory and market needs. Mild hybrids remain significant transitional technologies that enhance fuel efficiency and emissions performance on ICE platforms, supported by innovations in electric water pumps and electric oil pump systems. Growth in hybrid adoption is seen in countries like Spain and Italy, while improved battery technologies and incentives strengthen PHEV and HEV segments. Combined support from infrastructure, OEMs, suppliers, and regulatory frameworks positions Europe for sustained vehicle electrification growth, covering both electrified ICE/mild hybrids and full electric vehicles over the forecasted period.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.
Here is the breakdown of the interviews conducted:
- By Company Type: Supplier – 60%, OEMs – 20%, Tier I – 20%
- By Designation: D Level – 30%, C Level – 60%, and Others – 10%
- By Region: North America – 15%, Europe – 45%, Asia Pacific – 30%, RoW – 10%
The key players in the vehicle electrification market are Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), BorgWarner Inc. (US), and Aptiv (Ireland). Major companies’ key strategies to maintain their position in the global vehicle electrification market are strong global networking, mergers and acquisitions, partnerships, and technological advancements.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the vehicle electrification market and the sub-segments. The report also discusses ups and downs in vehicle electrification, allowing component suppliers to plan their strategies. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report further provides insights into the following points:
- Market Dynamics: Analysis of key drivers (rising consumer demand for safety and convenience features, rising EV adoption accelerating the vehicle electrification ecosystem and technical benefits of electrified components over conventional mechanical systems), restraints (high cost of electric components), opportunities (SDVs transforming the vehicle electrification market, intelligent thermal management), and challenges (integration with ICE platforms) influencing the growth of the vehicle electrification market
- Product Development/Innovation: Detailed insights into upcoming technologies and product & service launches in the vehicle electrification market
- Market Development: Comprehensive market information (the report analyzes the authentication and brand protection market across varied regions)
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the vehicle electrification market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), BorgWarner Inc. (US), and Aptiv (Ireland) in the vehicle electrification market
Table of Contents
1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION 30
1.3 STUDY SCOPE 31
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 31
1.3.2 INCLUSIONS AND EXCLUSIONS 32
1.3.3 YEARS CONSIDERED 32
1.4 CURRENCY CONSIDERED 33
1.5 UNIT CONSIDERED 34
1.6 STAKEHOLDERS 34
1.7 SUMMARY OF CHANGES 34
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
2.1.1 SECONDARY DATA 37
2.1.1.1 Secondary sources for vehicle production 37
2.1.1.2 Secondary sources for market sizing 38
2.1.1.3 Key data from secondary sources 38
2.1.2 PRIMARY DATA 39
2.1.2.1 Primary interview participants 39
2.1.2.2 Breakdown of primary interviews 39
2.2 MARKET SIZE ESTIMATION 40
2.2.1 BOTTOM-UP APPROACH 40
2.3 DATA TRIANGULATION 42
2.4 FACTOR ANALYSIS 43
2.5 RESEARCH ASSUMPTIONS 45
2.6 RESEARCH LIMITATIONS 46
3 EXECUTIVE SUMMARY 47
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN VEHICLE ELECTRIFICATION MARKET 50
4.2 VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE 50
4.3 VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION 51
4.4 VEHICLE ELECTRIFICATION MARKET, BY PROPULSION AND PRODUCT 51
4.5 VEHICLE ELECTRIFICATION MARKET, BY REGION 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 54
5.2.1 DRIVERS 54
5.2.1.1 Elevated consumer demand for safety and convenience features 54
5.2.1.2 Rise in global adoption of EVs 55
5.2.1.3 Technical benefits of electrified components over mechanical systems 55
5.2.2 RESTRAINTS 56
5.2.2.1 High cost of electric components 56
5.2.3 OPPORTUNITIES 56
5.2.3.1 Shift toward software-defined vehicles 56
5.2.3.2 Need for intelligent thermal management 57
5.2.4 CHALLENGES 57
5.2.4.1 Complex integration with ICE platforms 57
6 INDUSTRY TRENDS 58
6.1 SUPPLY CHAIN ANALYSIS 58
6.2 ECOSYSTEM ANALYSIS 59
6.3 PRICING ANALYSIS 62
6.3.1 AVERAGE SELLING PRICE, BY PRODUCT 62
6.3.2 AVERAGE SELLING PRICE, BY REGION 62
6.4 TRADE ANALYSIS 63
6.4.1 IMPORT SCENARIO (841330) 63
6.4.2 EXPORT SCENARIO (841330) 65
6.5 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 66
6.6 KEY CONFERENCES AND EVENTS, 2025–2026 67
6.7 CASE STUDY ANALYSIS 68
6.7.1 IMPLEMENTATION OF START–STOP SYSTEMS IN DIESEL VEHICLES 68
6.7.2 SHIFT TOWARD ELECTRIC POWER STEERING 68
6.7.3 DEVELOPMENT OF ADVANCED HIGH-VOLTAGE COMPONENTS 69
6.8 INVESTMENT AND FUNDING SCENARIO 69
6.9 TECHNOLOGY ANALYSIS 71
6.9.1 KEY TECHNOLOGIES 71
6.9.1.1 High-voltage integrated e-axle systems 71
6.9.1.2 Advanced ECUs and software-defined components 71
6.9.2 COMPLEMENTARY TECHNOLOGIES 72
6.9.2.1 Electric coolant pumps by non-sealed materials 72
6.9.2.1.1 Shaft materials 72
6.9.2.1.2 Bearing materials 73
6.9.3 ADJACENT TECHNOLOGIES 74
6.9.3.1 Connectivity & IoT-enabled components 74
6.10 PATENT ANALYSIS 75
6.11 OVERVIEW OF VEHICLE HYBRIDIZATION STAGES 80
6.11.1 MICRO HYBRID 80
6.11.2 MILD HYBRID 80
6.11.3 FULL HYBRID 80
6.11.4 PHEV/RANGE-EXTENDED EV (REEV) 81
6.11.5 BEV/EXTENDED-RANGE EV (EREV) 81
6.12 PLATFORM MODULARIZATION AND STANDARDIZATION TRENDS 82
6.13 ELECTRIC COOLANT PUMP CONSUMPTION BY TOP 10 ELECTRIC PASSENGER CAR OEMS 83
6.14 ELECTRIC COOLANT PUMP CONSUMPTION BY TOP 10 COMMERCIAL VEHICLE OEMS 84
6.15 TOP 10 SUPPLIER PRICING ANALYSIS 85
6.16 TOP 10 OEM PRICING ANALYSIS 86
6.17 ELECTRIC COOLANT PUMP: WHO SUPPLIES TO WHOM 86
6.18 ELECTRIC COOLANT PUMP: SUPPLIER CONTRACTS 88
6.19 REGULATORY LANDSCAPE 89
6.19.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
6.19.2 EV INCENTIVES, BY COUNTRY 91
6.19.2.1 Netherlands 91
6.19.2.2 Germany 92
6.19.2.3 France 93
6.19.2.4 UK 94
6.19.2.5 China 95
6.19.2.6 US 95
6.19.3 COMPONENT-LEVEL CARBON FOOTPRINT ANALYSIS 96
6.20 KEY STAKEHOLDERS AND BUYING CRITERIA 97
6.20.1 KEY STAKEHOLDERS IN BUYING PROCESS 97
6.20.2 KEY BUYING CRITERIA 98
7 VEHICLE ELECTRIFICATION MARKET, BY PROPULSION AND PRODUCT 100
7.1 INTRODUCTION 101
7.2 START-STOP SYSTEM 104
7.2.1 RAPID ADOPTION OF MILD-HYBRID VEHICLES AND FOCUS ON BATTERY LONGEVITY 104
7.2.1.1 ICE Start-Stop System 106
7.2.1.2 EV Start-Stop System 107
7.3 ELECTRIC POWER STEERING 108
7.3.1 ADAS INTEGRATION, REDUCTION OF MECHANICAL LOSSES, AND INCREASING REGULATORY PRESSURE FOR EFFICIENCY 108
7.3.1.1 ICE Electric Power Steering 110
7.3.1.2 EV Electric Power Steering 111
7.4 ELECTRO-HYDRAULIC POWER STEERING 112
7.4.1 NEED FOR HIGH TORQUE ASSIST WITHOUT CONSTANT ENGINE LOAD 112
7.4.1.1 ICE Electro-hydraulic Power Steering 113
7.4.1.2 EV Electro-hydraulic Power Steering 114
7.5 LIQUID HEATER PTC 116
7.5.1 NEED FOR EFFICIENT CABIN HEATING 116
7.5.1.1 ICE Liquid Heater PTC 117
7.5.1.2 EV Liquid Heater PTC 118
7.6 ELECTRIC A/C COMPRESSOR 119
7.6.1 EV ADOPTION REQUIRING ENGINE-INDEPENDENT HVAC 119
7.6.1.1 ICE Electric A/C Compressor 121
7.6.1.2 EV Electric A/C Compressor 122
7.7 ELECTRIC VACUUM PUMP 123
7.7.1 INCREASING HYBRID/ELECTRIC VEHICLE PENETRATION AND INTEGRATION WITH AUTONOMOUS BRAKING SYSTEMS 123
7.7.1.1 ICE Electric Vacuum Pump 124
7.7.1.2 EV Electric Vacuum Pump 125
7.8 ELECTRIC OIL PUMP 126
7.8.1 NEED FOR INDEPENDENT THERMAL MANAGEMENT 126
7.8.1.1 ICE Electric Oil Pump 128
7.8.1.2 EV Electric Oil Pump 129
7.9 ELECTRIC WATER PUMP 130
7.9.1 NEED FOR PRECISE COOLANT FLOW CONTROL FOR BATTERY PACKS 130
7.9.1.1 ICE Electric Water Pump 131
7.9.1.2 EV Electric Water Pump 132
7.10 INTEGRATED STARTER GENERATOR 133
7.10.1 GROWING ADOPTION OF 48V MILD HYBRID VEHICLES 133
7.10.1.1 ICE Integrated Starter Generator 135
7.10.1.2 EV Integrated Starter Generator 136
7.11 PRIMARY INSIGHTS 137
8 VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE 138
8.1 INTRODUCTION 139
8.2 PASSENGER CAR 141
8.2.1 EXPANSION OF MODULAR, ELECTRIFIED COMPONENTS ACROSS HYBRID AND BEV PLATFORMS 141
8.3 LIGHT COMMERCIAL VEHICLE 142
8.3.1 RISING ADOPTION OF HIGH-DUTY ELECTRIC COMPONENTS FOR PAYLOAD OPERATION 142
8.4 TRUCK 144
8.4.1 ELEVATED DEMAND FOR HIGH-POWER ELECTRIC PUMPS AND HVAC COMPRESSORS IN CLASS-8 AND MEDIUM-DUTY MODELS 144
8.5 BUS 146
8.5.1 INTEGRATION OF ELECTRIFIED AUXILIARIES FOR EFFICIENCY AND RELIABILITY 146
8.6 PRIMARY INSIGHTS 147
9 VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION 148
9.1 INTRODUCTION 149
9.2 ICE & MICRO HYBRID VEHICLE 151
9.2.1 LOW-VOLTAGE HYBRIDIZATION IN PASSENGER AND COMMERCIAL VEHICLES 151
9.3 HEV 152
9.3.1 RISE IN STRATEGIC SUPPLIER-OEM PARTNERSHIPS 152
9.4 PHEV 154
9.4.1 ADVANCEMENTS IN POWER ELECTRONICS, THERMAL MANAGEMENT,
AND BATTERY SUPPLY 154
9.5 BEV 155
9.5.1 INCREASED CONSUMER DEMAND FOR ZERO-EMISSION MOBILITY 155
9.6 PRIMARY INSIGHTS 157
10 VEHICLE ELECTRIFICATION MARKET, BY REGION 158
10.1 INTRODUCTION 159
10.2 ASIA PACIFIC 161
10.2.1 MACROECONOMIC OUTLOOK 161
10.2.2 CHINA 166
10.2.2.1 Strong NEV policies, OEM leadership, and supplier expansion to drive market 166
10.2.3 JAPAN 168
10.2.3.1 Leadership in hybrid and plug-in hybrid technologies to drive market 168
10.2.4 INDIA 171
10.2.4.1 OEM momentum and supplier localization to drive market 171
10.2.5 SOUTH KOREA 173
10.2.5.1 Strong OEM and supplier ecosystem to drive market 173
10.2.6 REST OF ASIA PACIFIC 176
10.3 NORTH AMERICA 178
10.3.1 MACROECONOMIC OUTLOOK 178
10.3.2 US 183
10.3.2.1 Stringent regulatory push to drive market 183
10.3.3 CANADA 185
10.3.3.1 ZEV mandates and supplier investments to drive market 185
10.3.4 MEXICO 187
10.3.4.1 Strict CO₂ standards and localized production to drive market 187
10.4 EUROPE 190
10.4.1 MACROECONOMIC OUTLOOK 190
10.4.2 GERMANY 196
10.4.2.1 High EV production and elevated domestic demand to drive market 196
10.4.3 NETHERLANDS 198
10.4.3.1 Substantial EV adoption and V2G innovation to drive market 198
10.4.4 FRANCE 201
10.4.4.1 OEM programs, battery projects, and supplier scale-up to drive market 201
10.4.5 UK 203
10.4.5.1 Awareness of clean transport to drive market 203
10.4.6 SPAIN 206
10.4.6.1 Increasing demand for e-drives and power electronics to drive market 206
10.4.7 ITALY 208
10.4.7.1 Concentrated OEM investment and active supplier deals to drive market 208
10.4.8 REST OF EUROPE 210
10.5 REST OF THE WORLD 213
10.5.1 MACROECONOMIC OUTLOOK 213
10.5.2 BRAZIL 216
10.5.2.1 Rising demand for fuel-efficient vehicles to drive market 216
10.5.3 SOUTH AFRICA 219
10.5.3.1 Growing demand for cleaner and more fuel-efficient vehicles to drive market 219
10.5.4 OTHERS 221
11 COMPETITIVE LANDSCAPE 224
11.1 INTRODUCTION 224
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025 224
11.3 ELECTRIC COOLANT PUMP MARKET SHARE ANALYSIS, 2024 226
11.4 ELECTRIC COMPRESSOR MARKET SHARE ANALYSIS, 2024 227
11.5 E-AXLE MARKET SHARE ANALYSIS, 2024 228
11.5.1 CHINESE E-AXLE MARKET SHARE ANALYSIS, 2024 229
11.6 REVENUE ANALYSIS, 2021–2024 230
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 230
11.7.1 STARS 230
11.7.2 EMERGING LEADERS 231
11.7.3 PERVASIVE PLAYERS 231
11.7.4 PARTICIPANTS 231
11.7.5 COMPANY FOOTPRINT 232
11.7.5.1 Company footprint 232
11.7.5.2 Region footprint 233
11.7.5.3 Vehicle type footprint 234
11.8 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024 235
11.8.1 PROGRESSIVE COMPANIES 235
11.8.2 RESPONSIVE COMPANIES 235
11.8.3 DYNAMIC COMPANIES 235
11.8.4 STARTING BLOCKS 235
11.8.5 COMPETITIVE BENCHMARKING 237
11.8.5.1 List of start-ups/SMEs 237
11.8.5.2 Competitive benchmarking of start-ups/SMEs 237
11.9 COMPANY VALUATION AND FINANCIAL METRICS 238
11.10 BRAND/PRODUCT COMPARISON 239
11.11 COMPETITIVE SCENARIO 240
11.11.1 PRODUCT LAUNCHES/DEVELOPMENTS 240
11.11.2 DEALS 241
11.11.3 EXPANSIONS 242
12 COMPANY PROFILES 244
12.1 KEY PLAYERS 244
12.1.1 ROBERT BOSCH GMBH 244
12.1.1.1 Business overview 244
12.1.1.2 Products offered 245
12.1.1.3 Recent developments 247
12.1.1.3.1 Deals 247
12.1.1.3.2 Expansions 247
12.1.1.3.3 Others 248
12.1.1.4 MnM view 248
12.1.1.4.1 Key strengths 248
12.1.1.4.2 Strategic choices 248
12.1.1.4.3 Weaknesses and competitive threats 248
12.1.2 CONTINENTAL AG 249
12.1.2.1 Business overview 249
12.1.2.2 Products offered 250
12.1.2.3 Recent developments 251
12.1.2.3.1 Expansions 251
12.1.2.4 MnM view 252
12.1.2.4.1 Key strengths 252
12.1.2.4.2 Strategic choices 252
12.1.2.4.3 Weaknesses and competitive threats 252
12.1.3 APTIV 253
12.1.3.1 Business overview 253
12.1.3.2 Products offered 254
12.1.3.3 Recent developments 255
12.1.3.3.1 Deals 255
12.1.3.3.2 Expansions 255
12.1.3.3.3 Others 256
12.1.3.4 MnM view 256
12.1.3.4.1 Key strengths 256
12.1.3.4.2 Strategic choices 256
12.1.3.4.3 Weaknesses and competitive threats 256
12.1.4 DENSO CORPORATION 257
12.1.4.1 Business overview 257
12.1.4.2 Products offered 258
12.1.4.3 Recent developments 259
12.1.4.3.1 Product launches/developments 259
12.1.4.3.2 Deals 260
12.1.4.4 MnM view 261
12.1.4.4.1 Key strengths 261
12.1.4.4.2 Strategic choices 261
12.1.4.4.3 Weaknesses and competitive threats 261
12.1.5 MITSUBISHI MOTORS CORPORATION 262
12.1.5.1 Business overview 262
12.1.5.2 Products offered 263
12.1.5.3 Recent developments 264
12.1.5.3.1 Deals 264
12.1.5.4 MnM view 264
12.1.5.4.1 Key strengths 264
12.1.5.4.2 Strategic choices 264
12.1.5.4.3 Weaknesses and competitive threats 264
12.1.6 BORGWARNER INC. 265
12.1.6.1 Business overview 265
12.1.6.2 Products offered 267
12.1.6.3 Recent developments 267
12.1.6.3.1 Expansions 267
12.1.6.3.2 Others 268
12.1.7 JOHNSON ELECTRIC HOLDINGS LIMITED 269
12.1.7.1 Business overview 269
12.1.7.2 Products offered 270
12.1.7.3 Recent developments 270
12.1.7.3.1 Product launches/developments 270
12.1.8 MAGNA INTERNATIONAL INC. 271
12.1.8.1 Business overview 271
12.1.8.2 Products offered 272
12.1.8.3 Recent developments 273
12.1.8.3.1 Deals 273
12.1.8.3.2 Expansions 273
12.1.9 AISIN CORPORATION 274
12.1.9.1 Business overview 274
12.1.9.2 Products offered 275
12.1.9.3 Recent development 275
12.1.9.3.1 Deals 275
12.1.9.3.2 Others 275
12.1.10 NIDEC CORPORATION 276
12.1.10.1 Business overview 276
12.1.10.2 Products offered 277
12.1.10.3 Recent developments 277
12.1.10.3.1 Product launches/developments 277
12.1.10.3.2 Expansions 278
12.1.10.3.3 Others 278
12.1.11 PANASONIC AUTOMOTIVE SYSTEMS CO., LTD. 279
12.1.11.1 Business overview 279
12.1.11.2 Products offered 279
12.2 OTHER PLAYERS 280
12.2.1 JTEKT CORPORATION 280
12.2.2 ASTEMO, LTD. 281
12.2.3 ZF FRIEDRICHSHAFEN AG 282
12.2.4 VALEO 283
12.2.5 GKN AUTOMOTIVE LTD. 284
12.2.6 SCHAEFFLER AG 285
12.2.7 MAHLE GMBH 286
12.2.8 DANA LIMITED 287
12.2.9 BROSE FAHRZEUGTEILE SE & CO. KG 288
12.2.10 KEB AUTOMATION 289
12.2.11 TECO CORPORATION 290
12.2.12 YASA LIMITED 291
13 RECOMMENDATIONS 292
13.1 ASIA PACIFIC TO BE LEADING MARKET FOR VEHICLE ELECTRIFICATION 292
13.2 STEERING SYSTEMS EMERGE AS KEY ENABLER OF VEHICLE ELECTRIFICATION 292
13.3 PASSENGER CARS TO BE PREVALENT GLOBALLY 293
13.4 CONCLUSION 293
14 APPENDIX 294
14.1 INSIGHTS FROM INDUSTRY EXPERTS 294
14.2 DISCUSSION GUIDE 294
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 297
14.4 CUSTOMIZATION OPTIONS 299
14.4.1 48V MARKET, BY COMPONENT AND REGION 299
14.4.1.1 Asia Pacific 299
14.4.1.1.1 Start-Stop System 299
14.4.1.1.2 Electric Power Steering 299
14.4.1.1.3 Liquid Heater PTC 299
14.4.1.1.4 Electric A/C Compressor 299
14.4.1.1.5 Electric Vacuum Pump 299
14.4.1.1.6 Electric Oil Pump 299
14.4.1.1.7 Electric Water Pump 299
14.4.1.1.8 Integrated Starter Generator 299
14.4.1.2 Europe 299
14.4.1.2.1 Start-Stop System 299
14.4.1.2.2 Electric Power Steering 299
14.4.1.2.3 Liquid Heater PTC 299
14.4.1.2.4 Electric A/C Compressor 299
14.4.1.2.5 Electric Vacuum Pump 299
14.4.1.2.6 Electric Oil Pump 299
14.4.1.2.7 Electric Water Pump 299
14.4.1.2.8 Integrated Starter Generator 299
14.4.1.3 North America 300
14.4.1.3.1 Start-Stop System 300
14.4.1.3.2 Electric Power Steering 300
14.4.1.3.3 Liquid Heater PTC 300
14.4.1.3.4 Electric A/C Compressor 300
14.4.1.3.5 Electric Vacuum Pump 300
14.4.1.3.6 Electric Oil Pump 300
14.4.1.3.7 Electric Water Pump 300
14.4.1.3.8 Integrated Starter Generator 300
14.4.1.4 Rest of the World 300
14.4.1.4.1 Start-Stop System 300
14.4.1.4.2 Electric Power Steering 300
14.4.1.4.3 Liquid Heater PTC 300
14.4.1.4.4 Electric A/C Compressor 300
14.4.1.4.5 Electric Vacuum Pump 300
14.4.1.4.6 Electric Oil Pump 300
14.4.1.4.7 Electric Water Pump 300
14.4.1.4.8 Integrated Starter Generator 300
14.5 RELATED REPORTS 301
14.6 AUTHOR DETAILS 302
LIST OF TABLES
TABLE 1 MARKET DEFINITION, BY PRODUCT 30
TABLE 2 USD EXCHANGE RATE, 2021–2024 33
TABLE 3 TECHNICAL BENEFITS OF ELECTRIFIED COMPONENTS 56
TABLE 4 ROLE OF COMPANIES IN ECOSYSTEM 61
TABLE 5 AVERAGE SELLING PRICE, BY PRODUCT, 2024 (USD) 62
TABLE 6 AVERAGE SELLING PRICE, BY REGION, 2024 (USD) 62
TABLE 7 GERMANY: IMPORT DATA FOR HS CODE 841330-COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 63
TABLE 8 CHINA: IMPORT DATA FOR HS CODE 841330-COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 63
TABLE 9 US: IMPORT DATA FOR HS CODE 841330-COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 64
TABLE 10 FRANCE: IMPORT DATA FOR HS CODE 841330-COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 64
TABLE 11 US: EXPORT DATA FOR HS CODE 841330-COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 65
TABLE 12 GERMANY: EXPORT DATA FOR HS CODE 841330-COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 65
TABLE 13 MEXICO: EXPORT DATA FOR HS CODE 841330-COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 65
TABLE 14 CHINA: EXPORT DATA FOR HS CODE 841330-COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 66
TABLE 15 KEY CONFERENCES AND EVENTS, 2025–2026 67
TABLE 16 LIST OF FUNDINGS, 2022–2024 70
TABLE 17 RECENT E-AXLE DEVELOPMENTS 71
TABLE 18 OEM INNOVATIONS AND FOCUS AREAS 72
TABLE 19 CHARACTERISTICS OF STAINLESS STEEL CLASSIFICATIONS 73
TABLE 20 PROPERTIES OF SILICON NITRIDE-BASED CERAMIC BALLS 74
TABLE 21 PATENT ANALYSIS 76
TABLE 22 HYBRIDIZATION STAGES AND TYPICAL SPECS 81
TABLE 23 PLATFORM MODULARIZATION AND STANDARDIZATION TRENDS 82
TABLE 24 ELECTRIC COOLANT PUMP CONSUMPTION BY ELECTRIC PASSENGER CAR OEMS, 2018–2030 (THOUSAND UNITS) 83
TABLE 25 ELECTRIC COOLANT PUMP CONSUMPTION BY ELECTRIC COMMERCIAL VEHICLE OEMS, 2018–2030 (THOUSAND UNITS) 84
TABLE 26 TOP 10 SUPPLIER PRICING 85
TABLE 27 TOP 10 OEM PRICING 86
TABLE 28 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 89
TABLE 29 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 90
TABLE 30 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 90
TABLE 31 NETHERLANDS: EV INCENTIVES 91
TABLE 32 NETHERLANDS: EV CHARGING STATION INCENTIVES 91
TABLE 33 GERMANY: EV INCENTIVES 92
TABLE 34 GERMANY: EV CHARGING STATION INCENTIVES 92
TABLE 35 FRANCE: EV INCENTIVES 93
TABLE 36 FRANCE: EV CHARGING STATION INCENTIVES 93
TABLE 37 UK: EV INCENTIVES 94
TABLE 38 UK: EV CHARGING STATION INCENTIVES 94
TABLE 39 CHINA: EV INCENTIVES 95
TABLE 40 CHINA: EV CHARGING STATION INCENTIVES 95
TABLE 41 US: EV INCENTIVES 95
TABLE 42 US: EV CHARGING STATION INCENTIVES 95
TABLE 43 COMPONENT-LEVEL CARBON FOOTPRINT ANALYSIS 96
TABLE 44 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VEHICLE TYPE (%) 97
TABLE 45 KEY BUYING CRITERIA, BY VEHICLE TYPE 98
TABLE 46 OVERVIEW OF ELECTRIFIED VEHICLE COMPONENTS BY PRODUCT,
VOLTAGE, AND APPLICATION 101
TABLE 47 VEHICLE ELECTRIFICATION MARKET, BY PROPULSION AND PRODUCT,
2021–2024 (THOUSAND UNITS) 102
TABLE 48 VEHICLE ELECTRIFICATION MARKET, BY PROPULSION AND PRODUCT,
2025–2032 (THOUSAND UNITS) 103
TABLE 49 VEHICLE ELECTRIFICATION MARKET, BY PROPULSION AND PRODUCT,
2021–2024 (USD MILLION) 103
TABLE 50 VEHICLE ELECTRIFICATION MARKET, BY PROPULSION AND PRODUCT,
2025–2032 (USD MILLION) 104
TABLE 51 GLOBAL START-STOP SYSTEM MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 105
TABLE 52 GLOBAL START-STOP SYSTEM MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 105
TABLE 53 GLOBAL START-STOP SYSTEM MARKET, BY REGION, 2021–2024 (USD MILLION) 105
TABLE 54 GLOBAL START-STOP SYSTEM MARKET, BY REGION, 2025–2032 (USD MILLION) 105
TABLE 55 ICE START-STOP SYSTEM MARKET, BY REGION, 2021–2024 (THOUSAND UNITS) 106
TABLE 56 ICE START-STOP SYSTEM MARKET, BY REGION, 2025–2032 (THOUSAND UNITS) 106
TABLE 57 ICE START-STOP SYSTEM MARKET, BY REGION, 2021–2024 (USD MILLION) 106
TABLE 58 ICE START-STOP SYSTEM MARKET, BY REGION, 2025–2032 (USD MILLION) 107
TABLE 59 EV START-STOP SYSTEM MARKET, BY REGION, 2021–2024 (THOUSAND UNITS) 107
TABLE 60 EV START-STOP SYSTEM MARKET, BY REGION, 2025–2032 (THOUSAND UNITS) 107
TABLE 61 EV START-STOP SYSTEM MARKET, BY REGION, 2021–2024 (USD MILLION) 107
TABLE 62 EV START-STOP SYSTEM MARKET, BY REGION, 2025–2032 (USD MILLION) 108
TABLE 63 GLOBAL ELECTRIC POWER STEERING MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 108
TABLE 64 GLOBAL ELECTRIC POWER STEERING MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 109
TABLE 65 GLOBAL ELECTRIC POWER STEERING MARKET, BY REGION,
2021–2024 (USD MILLION) 109
TABLE 66 GLOBAL ELECTRIC POWER STEERING MARKET, BY REGION,
2025–2032 (USD MILLION) 109
TABLE 67 ICE ELECTRIC POWER STEERING MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 110
TABLE 68 ICE ELECTRIC POWER STEERING MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 110
TABLE 69 ICE ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2024 (USD MILLION) 110
TABLE 70 ICE ELECTRIC POWER STEERING MARKET, BY REGION, 2025–2032 (USD MILLION) 110
TABLE 71 EV ELECTRIC POWER STEERING MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 111
TABLE 72 EV ELECTRIC POWER STEERING MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 111
TABLE 73 EV ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2024 (USD MILLION) 111
TABLE 74 EV ELECTRIC POWER STEERING MARKET, BY REGION, 2025–2032 (USD MILLION) 111
TABLE 75 GLOBAL ELECTRO-HYDRAULIC POWER STEERING MARKET,
BY REGION, 2021–2024 (THOUSAND UNITS) 112
TABLE 76 GLOBAL ELECTRO-HYDRAULIC POWER STEERING MARKET,
BY REGION, 2025–2032 (THOUSAND UNITS) 112
TABLE 77 GLOBAL ELECTRO-HYDRAULIC POWER STEERING MARKET,
BY REGION, 2021–2024 (USD MILLION) 112
TABLE 78 GLOBAL ELECTRO-HYDRAULIC POWER STEERING MARKET,
BY REGION, 2025–2032 (USD MILLION) 113
TABLE 79 ICE ELECTRO-HYDRAULIC POWER STEERING MARKET,
BY REGION, 2021–2024 (THOUSAND UNITS) 113
TABLE 80 ICE ELECTRO-HYDRAULIC POWER STEERING MARKET,
BY REGION, 2025–2032 (THOUSAND UNITS) 113
TABLE 81 ICE ELECTRO-HYDRAULIC POWER STEERING MARKET,
BY REGION, 2021–2024 (USD MILLION) 114
TABLE 82 ICE ELECTRO-HYDRAULIC POWER STEERING MARKET,
BY REGION, 2025–2032 (USD MILLION) 114
TABLE 83 EV ELECTRO-HYDRAULIC POWER STEERING MARKET,
BY REGION, 2021–2024 (THOUSAND UNITS) 114
TABLE 84 EV ELECTRO-HYDRAULIC POWER STEERING MARKET,
BY REGION, 2025–2032 (THOUSAND UNITS) 115
TABLE 85 EV ELECTRO-HYDRAULIC POWER STEERING MARKET,
BY REGION, 2021–2024 (USD MILLION) 115
TABLE 86 EV ELECTRO-HYDRAULIC POWER STEERING MARKET,
BY REGION, 2025–2032 (USD MILLION) 115
TABLE 87 GLOBAL LIQUID HEATER PTC MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 116
TABLE 88 GLOBAL LIQUID HEATER PTC MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 116
TABLE 89 GLOBAL LIQUID HEATER PTC MARKET, BY REGION, 2021–2024 (USD MILLION) 116
TABLE 90 GLOBAL LIQUID HEATER PTC MARKET, BY REGION, 2025–2032 (USD MILLION) 117
TABLE 91 ICE LIQUID HEATER PTC MARKET, BY REGION, 2021–2024 (THOUSAND UNITS) 117
TABLE 92 ICE LIQUID HEATER PTC MARKET, BY REGION, 2025–2032 (THOUSAND UNITS) 117
TABLE 93 ICE LIQUID HEATER PTC MARKET, BY REGION, 2021–2024 (USD MILLION) 118
TABLE 94 ICE LIQUID HEATER PTC MARKET, BY REGION, 2025–2032 (USD MILLION) 118
TABLE 95 EV LIQUID HEATER PTC MARKET, BY REGION, 2021–2024 (THOUSAND UNITS) 118
TABLE 96 EV LIQUID HEATER PTC MARKET, BY REGION, 2025–2032 (THOUSAND UNITS) 118
TABLE 97 EV LIQUID HEATER PTC MARKET, BY REGION, 2021–2024 (USD MILLION) 119
TABLE 98 EV LIQUID HEATER PTC MARKET, BY REGION, 2025–2032 (USD MILLION) 119
TABLE 99 GLOBAL ELECTRIC A/C COMPRESSOR MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 119
TABLE 100 GLOBAL ELECTRIC A/C COMPRESSOR MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 120
TABLE 101 GLOBAL ELECTRIC A/C COMPRESSOR MARKET, BY REGION,
2021–2024 (USD MILLION) 120
TABLE 102 GLOBAL ELECTRIC A/C COMPRESSOR MARKET, BY REGION,
2025–2032 (USD MILLION) 120
TABLE 103 ICE ELECTRIC A/C COMPRESSOR MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 121
TABLE 104 ICE ELECTRIC A/C COMPRESSOR MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 121
TABLE 105 ICE ELECTRIC A/C COMPRESSOR MARKET, BY REGION,
2021–2024 (USD MILLION) 121
TABLE 106 ICE ELECTRIC A/C COMPRESSOR MARKET, BY REGION,
2025–2032 (USD MILLION) 121
TABLE 107 EV ELECTRIC A/C COMPRESSOR MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 122
TABLE 108 EV ELECTRIC A/C COMPRESSOR MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 122
TABLE 109 EV ELECTRIC A/C COMPRESSOR MARKET, BY REGION, 2021–2024 (USD MILLION) 122
TABLE 110 EV ELECTRIC A/C COMPRESSOR MARKET, BY REGION, 2025–2032 (USD MILLION) 122
TABLE 111 GLOBAL ELECTRIC VACUUM PUMP MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 123
TABLE 112 GLOBAL ELECTRIC VACUUM PUMP MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 123
TABLE 113 GLOBAL ELECTRIC VACUUM PUMP MARKET, BY REGION,
2021–2024 (USD MILLION) 123
TABLE 114 GLOBAL ELECTRIC VACUUM PUMP MARKET, BY REGION,
2025–2032 (USD MILLION) 124
TABLE 115 ICE ELECTRIC VACUUM PUMP MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 124
TABLE 116 ICE ELECTRIC VACUUM PUMP MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 124
TABLE 117 ICE ELECTRIC VACUUM PUMP MARKET, BY REGION, 2021–2024 (USD MILLION) 125
TABLE 118 ICE ELECTRIC VACUUM PUMP MARKET, BY REGION, 2025–2032 (USD MILLION) 125
TABLE 119 EV ELECTRIC VACUUM PUMP MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 125
TABLE 120 EV ELECTRIC VACUUM PUMP MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 125
TABLE 121 EV ELECTRIC VACUUM PUMP MARKET, BY REGION, 2021–2024 (USD MILLION) 126
TABLE 122 EV ELECTRIC VACUUM PUMP MARKET, BY REGION, 2025–2032 (USD MILLION) 126
TABLE 123 GLOBAL ELECTRIC OIL PUMP MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 126
TABLE 124 GLOBAL ELECTRIC OIL PUMP MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 127
TABLE 125 GLOBAL ELECTRIC OIL PUMP MARKET, BY REGION, 2021–2024 (USD MILLION) 127
TABLE 126 GLOBAL ELECTRIC OIL PUMP MARKET, BY REGION, 2025–2032 (USD MILLION) 127
TABLE 127 ICE ELECTRIC OIL PUMP MARKET, BY REGION, 2021–2024 (THOUSAND UNITS) 128
TABLE 128 ICE ELECTRIC OIL PUMP MARKET, BY REGION, 2025–2032 (THOUSAND UNITS) 128
TABLE 129 ICE ELECTRIC OIL PUMP MARKET, BY REGION, 2021–2024 (USD MILLION) 128
TABLE 130 ICE ELECTRIC OIL PUMP MARKET, BY REGION, 2025–2032 (USD MILLION) 128
TABLE 131 EV ELECTRIC OIL PUMP MARKET, BY REGION, 2021–2024 (THOUSAND UNITS) 129
TABLE 132 EV ELECTRIC OIL PUMP MARKET, BY REGION, 2025–2032 (THOUSAND UNITS) 129
TABLE 133 EV ELECTRIC OIL PUMP MARKET, BY REGION, 2021–2024 (USD MILLION) 129
TABLE 134 EV ELECTRIC OIL PUMP MARKET, BY REGION, 2025–2032 (USD MILLION) 129
TABLE 135 GLOBAL ELECTRIC WATER PUMP MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 130
TABLE 136 GLOBAL ELECTRIC WATER PUMP MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 130
TABLE 137 GLOBAL ELECTRIC WATER PUMP MARKET, BY REGION,
2021–2024 (USD MILLION) 130
TABLE 138 GLOBAL ELECTRIC WATER PUMP MARKET, BY REGION,
2025–2032 (USD MILLION) 131
TABLE 139 ICE ELECTRIC WATER PUMP MARKET, BY REGION, 2021–2024 (THOUSAND UNITS) 131
TABLE 140 ICE ELECTRIC WATER PUMP MARKET, BY REGION, 2025–2032 (THOUSAND UNITS) 131
TABLE 141 ICE ELECTRIC WATER PUMP MARKET, BY REGION, 2021–2024 (USD MILLION) 132
TABLE 142 ICE ELECTRIC WATER PUMP MARKET, BY REGION, 2025–2032 (USD MILLION) 132
TABLE 143 EV ELECTRIC WATER PUMP MARKET, BY REGION, 2021–2024 (THOUSAND UNITS) 132
TABLE 144 EV ELECTRIC WATER PUMP MARKET, BY REGION, 2025–2032 (THOUSAND UNITS) 132
TABLE 145 EV ELECTRIC WATER PUMP MARKET, BY REGION, 2021–2024 (USD MILLION) 133
TABLE 146 EV ELECTRIC WATER PUMP MARKET, BY REGION, 2025–2032 (USD MILLION) 133
TABLE 147 GLOBAL INTEGRATED STARTER GENERATOR MARKET,
BY REGION, 2021–2024 (THOUSAND UNITS) 133
TABLE 148 GLOBAL INTEGRATED STARTER GENERATOR MARKET,
BY REGION, 2025–2032 (THOUSAND UNITS) 134
TABLE 149 GLOBAL INTEGRATED STARTER GENERATOR MARKET,
BY REGION, 2021–2024 (USD MILLION) 134
TABLE 150 GLOBAL INTEGRATED STARTER GENERATOR MARKET,
BY REGION, 2025–2032 (USD MILLION) 134
TABLE 151 ICE INTEGRATED STARTER GENERATOR MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 135
TABLE 152 ICE INTEGRATED STARTER GENERATOR MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 135
TABLE 153 ICE INTEGRATED STARTER GENERATOR MARKET, BY REGION,
2021–2024 (USD MILLION) 135
TABLE 154 ICE INTEGRATED STARTER GENERATOR MARKET, BY REGION,
2025–2032 (USD MILLION) 136
TABLE 155 EV INTEGRATED STARTER GENERATOR MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 136
TABLE 156 EV INTEGRATED STARTER GENERATOR MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 136
TABLE 157 EV INTEGRATED STARTER GENERATOR MARKET, BY REGION,
2021–2024 (USD MILLION) 137
TABLE 158 EV INTEGRATED STARTER GENERATOR MARKET, BY REGION,
2025–2032 (USD MILLION) 137
TABLE 159 VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE,
2021–2024 (THOUSAND UNITS) 139
TABLE 160 VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE,
2025–2032 (THOUSAND UNITS) 140
TABLE 161 VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE,
2021–2024 (USD MILLION) 140
TABLE 162 VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE,
2025–2032 (USD MILLION) 140
TABLE 163 PASSENGER CAR ELECTRIFICATION MARKET, BY REGION,
2021–2024 (THOUSAND UNITS) 141
TABLE 164 PASSENGER CAR ELECTRIFICATION MARKET, BY REGION,
2025–2032 (THOUSAND UNITS) 141
TABLE 165 PASSENGER CAR ELECTRIFICATION MARKET, BY REGION,
2021–2024 (USD MILLION) 142
TABLE 166 PASSENGER CAR ELECTRIFICATION MARKET, BY REGION,
2025–2032 (USD MILLION) 142
TABLE 167 LIGHT COMMERCIAL VEHICLE ELECTRIFICATION MARKET,
BY REGION, 2021–2024 (THOUSAND UNITS) 143
TABLE 168 LIGHT COMMERCIAL VEHICLE ELECTRIFICATION MARKET,
BY REGION, 2025–2032 (THOUSAND UNITS) 143
TABLE 169 LIGHT COMMERCIAL VEHICLE ELECTRIFICATION MARKET,
BY REGION, 2021–2024 (USD MILLION) 143
TABLE 170 LIGHT COMMERCIAL VEHICLE ELECTRIFICATION MARKET,
BY REGION, 2025–2032 (USD MILLION) 144
TABLE 171 TRUCK ELECTRIFICATION MARKET, BY REGION, 2021–2024 (THOUSAND UNITS) 145
TABLE 172 TRUCK ELECTRIFICATION MARKET, BY REGION, 2025–2032 (THOUSAND UNITS) 145
TABLE 173 TRUCK ELECTRIFICATION MARKET, BY REGION, 2021–2024 (USD MILLION) 145
TABLE 174 TRUCK ELECTRIFICATION MARKET, BY REGION, 2025–2032 (USD MILLION) 145
TABLE 175 BUS ELECTRIFICATION MARKET, BY REGION, 2021–2024 (THOUSAND UNITS) 146
TABLE 176 BUS ELECTRIFICATION MARKET, BY REGION, 2025–2032 (THOUSAND UNITS) 146
TABLE 177 BUS ELECTRIFICATION MARKET, BY REGION, 2021–2024 (USD MILLION) 147
TABLE 178 BUS ELECTRIFICATION MARKET, BY REGION, 2025–2032 (USD MILLION) 147
TABLE 179 VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION,
2021–2024 (THOUSAND UNITS) 149
TABLE 180 VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION,
2025–2032 (THOUSAND UNITS) 150
TABLE 181 VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION,
2021–2024 (USD MILLION) 150
TABLE 182 VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION,
2025–2032 (USD MILLION) 150
TABLE 183 ICE & MICRO HYBRID VEHICLE ELECTRIFICATION MARKET,
BY REGION, 2021–2024 (THOUSAND UNITS) 151
TABLE 184 ICE & MICRO HYBRID VEHICLE ELECTRIFICATION MARKET,
BY REGION, 2025–2032 (THOUSAND UNITS) 151
TABLE 185 ICE & MICRO HYBRID VEHICLE ELECTRIFICATION MARKET,
BY REGION, 2021–2024 (USD MILLION) 152
TABLE 186 ICE & MICRO HYBRID VEHICLE ELECTRIFICATION MARKET,
BY REGION, 2025–2032 (USD MILLION) 152
TABLE 187 HEV ELECTRIFICATION MARKET, BY REGION, 2021–2024 (THOUSAND UNITS) 153
TABLE 188 HEV ELECTRIFICATION MARKET, BY REGION, 2025–2032 (THOUSAND UNITS) 153
TABLE 189 HEV ELECTRIFICATION MARKET, BY REGION, 2021–2024 (USD MILLION) 153
TABLE 190 HEV ELECTRIFICATION MARKET, BY REGION, 2025–2032 (USD MILLION) 153
TABLE 191 PHEV ELECTRIFICATION MARKET, BY REGION, 2021–2024 (THOUSAND UNITS) 154
TABLE 192 PHEV ELECTRIFICATION MARKET, BY REGION, 2025–2032 (THOUSAND UNITS) 154
TABLE 193 PHEV ELECTRIFICATION MARKET, BY REGION, 2021–2024 (USD MILLION) 155
TABLE 194 PHEV ELECTRIFICATION MARKET, BY REGION, 2025–2032 (USD MILLION) 155
TABLE 195 BEV ELECTRIFICATION MARKET, BY REGION, 2021–2024 (THOUSAND UNITS) 156
TABLE 196 BEV ELECTRIFICATION MARKET, BY REGION, 2025–2032 (THOUSAND UNITS) 156
TABLE 197 BEV ELECTRIFICATION MARKET, BY REGION, 2021–2024 (USD MILLION) 156
TABLE 198 BEV ELECTRIFICATION MARKET, BY REGION, 2025–2032 (USD MILLION) 156
TABLE 199 VEHICLE ELECTRIFICATION MARKET, BY REGION, 2021–2024 (THOUSAND UNITS) 159
TABLE 200 VEHICLE ELECTRIFICATION MARKET, BY REGION, 2025–2032 (THOUSAND UNITS) 160
TABLE 201 VEHICLE ELECTRIFICATION MARKET, BY REGION, 2021–2024 (USD MILLION) 160
TABLE 202 VEHICLE ELECTRIFICATION MARKET, BY REGION, 2025–2032 (USD MILLION) 160
TABLE 203 ASIA PACIFIC: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2021–2024 (THOUSAND UNITS) 164
TABLE 204 ASIA PACIFIC: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2025–2032 (THOUSAND UNITS) 165
TABLE 205 ASIA PACIFIC: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 165
TABLE 206 ASIA PACIFIC: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2025–2032 (USD MILLION) 165
TABLE 207 CHINA: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (THOUSAND UNITS) 166
TABLE 208 CHINA: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (THOUSAND UNITS) 167
TABLE 209 CHINA: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (USD MILLION) 167
TABLE 210 CHINA: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (USD MILLION) 168
TABLE 211 JAPAN: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (THOUSAND UNITS) 169
TABLE 212 JAPAN: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (THOUSAND UNITS) 169
TABLE 213 JAPAN: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (USD MILLION) 170
TABLE 214 JAPAN: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (USD MILLION) 170
TABLE 215 INDIA: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (THOUSAND UNITS) 171
TABLE 216 INDIA: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (THOUSAND UNITS) 172
TABLE 217 INDIA: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (USD MILLION) 172
TABLE 218 INDIA: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (USD MILLION) 173
TABLE 219 SOUTH KOREA: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2021–2024 (THOUSAND UNITS) 174
TABLE 220 SOUTH KOREA: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2025–2032 (THOUSAND UNITS) 174
TABLE 221 SOUTH KOREA: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2021–2024 (USD MILLION) 175
TABLE 222 SOUTH KOREA: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2025–2032 (USD MILLION) 175
TABLE 223 REST OF ASIA PACIFIC: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2021–2024 (THOUSAND UNITS) 176
TABLE 224 REST OF ASIA PACIFIC: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2025–2032 (THOUSAND UNITS) 177
TABLE 225 REST OF ASIA PACIFIC: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2021–2024 (USD MILLION) 177
TABLE 226 REST OF ASIA PACIFIC: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2025–2032 (USD MILLION) 178
TABLE 227 NORTH AMERICA: VEHICLE ELECTRIFICATION MARKET,
BY COUNTRY, 2021–2024 (THOUSAND UNITS) 182
TABLE 228 NORTH AMERICA: VEHICLE ELECTRIFICATION MARKET,
BY COUNTRY, 2025–2032 (THOUSAND UNITS) 182
TABLE 229 NORTH AMERICA: VEHICLE ELECTRIFICATION MARKET,
BY COUNTRY, 2021–2024 (USD MILLION) 182
TABLE 230 NORTH AMERICA: VEHICLE ELECTRIFICATION MARKET,
BY COUNTRY, 2025–2032 (USD MILLION) 182
TABLE 231 US: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (THOUSAND UNITS) 183
TABLE 232 US: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (THOUSAND UNITS) 184
TABLE 233 US: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT, 2021–2024 (USD MILLION) 184
TABLE 234 US: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT, 2025–2032 (USD MILLION) 185
TABLE 235 CANADA: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (THOUSAND UNITS) 186
TABLE 236 CANADA: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (THOUSAND UNITS) 186
TABLE 237 CANADA: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (USD MILLION) 187
TABLE 238 CANADA: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (USD MILLION) 187
TABLE 239 MEXICO: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (THOUSAND UNITS) 188
TABLE 240 MEXICO: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (THOUSAND UNITS) 188
TABLE 241 MEXICO: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (USD MILLION) 189
TABLE 242 MEXICO: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (USD MILLION) 189
TABLE 243 EUROPE: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2021–2024 (THOUSAND UNITS) 194
TABLE 244 EUROPE: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2025–2032 (THOUSAND UNITS) 195
TABLE 245 EUROPE: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 195
TABLE 246 EUROPE: VEHICLE ELECTRIFICATION MARKET, BY COUNTRY,
2025–2032 (USD MILLION) 195
TABLE 247 GERMANY: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (THOUSAND UNITS) 196
TABLE 248 GERMANY: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (THOUSAND UNITS) 197
TABLE 249 GERMANY: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (USD MILLION) 197
TABLE 250 GERMANY: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (USD MILLION) 198
TABLE 251 NETHERLANDS: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2021–2024 (THOUSAND UNITS) 199
TABLE 252 NETHERLANDS: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2025–2032 (THOUSAND UNITS) 199
TABLE 253 NETHERLANDS: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2021–2024 (USD MILLION) 200
TABLE 254 NETHERLANDS: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2025–2032 (USD MILLION) 200
TABLE 255 FRANCE: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (THOUSAND UNITS) 201
TABLE 256 FRANCE: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (THOUSAND UNITS) 202
TABLE 257 FRANCE: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (USD MILLION) 202
TABLE 258 FRANCE: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (USD MILLION) 203
TABLE 259 UK: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (THOUSAND UNITS) 204
TABLE 260 UK: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (THOUSAND UNITS) 204
TABLE 261 UK: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (USD MILLION) 205
TABLE 262 UK: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (USD MILLION) 205
TABLE 263 SPAIN: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (THOUSAND UNITS) 206
TABLE 264 SPAIN: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (THOUSAND UNITS) 207
TABLE 265 SPAIN: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (USD MILLION) 207
TABLE 266 SPAIN: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (USD MILLION) 208
TABLE 267 ITALY: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (THOUSAND UNITS) 209
TABLE 268 ITALY: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (THOUSAND UNITS) 209
TABLE 269 ITALY: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (USD MILLION) 210
TABLE 270 ITALY: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (USD MILLION) 210
TABLE 271 REST OF EUROPE: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2021–2024 (THOUSAND UNITS) 211
TABLE 272 REST OF EUROPE: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2025–2032 (THOUSAND UNITS) 211
TABLE 273 REST OF EUROPE: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2021–2024 (USD MILLION) 212
TABLE 274 REST OF EUROPE: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2025–2032 (USD MILLION) 212
TABLE 275 REST OF THE WORLD: VEHICLE ELECTRIFICATION MARKET,
BY COUNTRY, 2021–2024 (THOUSAND UNITS) 215
TABLE 276 REST OF THE WORLD: VEHICLE ELECTRIFICATION MARKET,
BY COUNTRY, 2025–2032 (THOUSAND UNITS) 216
TABLE 277 REST OF THE WORLD: VEHICLE ELECTRIFICATION MARKET,
BY COUNTRY, 2021–2024 (USD MILLION) 216
TABLE 278 REST OF THE WORLD: VEHICLE ELECTRIFICATION MARKET,
BY COUNTRY, 2025–2032 (USD MILLION) 216
TABLE 279 BRAZIL: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (THOUSAND UNITS) 217
TABLE 280 BRAZIL: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (THOUSAND UNITS) 217
TABLE 281 BRAZIL: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (USD MILLION) 218
TABLE 282 BRAZIL: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (USD MILLION) 218
TABLE 283 SOUTH AFRICA: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2021–2024 (THOUSAND UNITS) 219
TABLE 284 SOUTH AFRICA: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2025–2032 (THOUSAND UNITS) 220
TABLE 285 SOUTH AFRICA: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2021–2024 (USD MILLION) 220
TABLE 286 SOUTH AFRICA: VEHICLE ELECTRIFICATION MARKET,
BY PRODUCT, 2025–2032 (USD MILLION) 221
TABLE 287 OTHERS: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (THOUSAND UNITS) 222
TABLE 288 OTHERS: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (THOUSAND UNITS) 222
TABLE 289 OTHERS: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2021–2024 (USD MILLION) 223
TABLE 290 OTHERS: VEHICLE ELECTRIFICATION MARKET, BY PRODUCT,
2025–2032 (USD MILLION) 223
TABLE 291 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025 224
TABLE 292 ELECTRIC COOLANT PUMP MARKET SHARE ANALYSIS, 2024 226
TABLE 293 ELECTRIC COMPRESSOR MARKET SHARE ANALYSIS, 2024 227
TABLE 294 E-AXLE MARKET SHARE ANALYSIS, 2024 228
TABLE 295 CHINESE E-AXLE MARKET SHARE ANALYSIS, 2024 229
TABLE 296 REGION FOOTPRINT 233
TABLE 297 VEHICLE TYPE FOOTPRINT 234
TABLE 298 LIST OF START-UPS/SMES 237
TABLE 299 COMPETITIVE BENCHMARKING OF START-UPS/SMES 237
TABLE 300 VEHICLE ELECTRIFICATION MARKET: PRODUCT LAUNCHES/
DEVELOPMENTS, 2022−2025 240
TABLE 301 VEHICLE ELECTRIFICATION MARKET: DEALS, 2022–2025 241
TABLE 302 VEHICLE ELECTRIFICATION MARKET: EXPANSIONS, 2022–2025 242
TABLE 303 ROBERT BOSCH GMBH: COMPANY OVERVIEW 244
TABLE 304 ROBERT BOSCH GMBH: PRODUCTS OFFERED 245
TABLE 305 ROBERT BOSCH GMBH: DEALS 247
TABLE 306 ROBERT BOSCH GMBH: EXPANSIONS 247
TABLE 307 ROBERT BOSCH GMBH: OTHERS 248
TABLE 308 CONTINENTAL AG: COMPANY OVERVIEW 249
TABLE 309 CONTINENTAL AG: PRODUCTS OFFERED 250
TABLE 310 CONTINENTAL AG: EXPANSIONS 251
TABLE 311 APTIV: COMPANY OVERVIEW 253
TABLE 312 APTIV: PRODUCTS OFFERED 254
TABLE 313 APTIV: DEALS 255
TABLE 314 APTIV: EXPANSIONS 255
TABLE 315 APTIV: OTHERS 256
TABLE 316 DENSO CORPORATION: COMPANY OVERVIEW 257
TABLE 317 DENSO CORPORATION: PRODUCTS OFFERED 258
TABLE 318 DENSO CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS 259
TABLE 319 DENSO CORPORATION: DEALS 260
TABLE 320 MITSUBISHI MOTORS CORPORATION: COMPANY OVERVIEW 262
TABLE 321 MITSUBISHI MOTORS CORPORATION: PRODUCTS OFFERED 263
TABLE 322 MITSUBISHI MOTORS CORPORATION: DEALS 264
TABLE 323 BORGWARNER INC.: COMPANY OVERVIEW 265
TABLE 324 BORGWARNER INC.: PRODUCTS OFFERED 267
TABLE 325 BORGWARNER INC.: EXPANSIONS 267
TABLE 326 BORGWARNER INC.: OTHERS 268
TABLE 327 JOHNSON ELECTRIC HOLDINGS LIMITED: COMPANY OVERVIEW 269
TABLE 328 JOHNSON ELECTRIC HOLDINGS LIMITED: PRODUCTS OFFERED 270
TABLE 329 JOHNSON ELECTRIC HOLDINGS LIMITED: PRODUCT LAUNCHES/DEVELOPMENTS 270
TABLE 330 MAGNA INTERNATIONAL INC.: COMPANY OVERVIEW 271
TABLE 331 MAGNA INTERNATIONAL INC.: PRODUCTS OFFERED 272
TABLE 332 MAGNA INTERNATIONAL INC.: DEALS 273
TABLE 333 MAGNA INTERNATIONAL INC.: EXPANSIONS 273
TABLE 334 AISIN CORPORATION: COMPANY OVERVIEW 274
TABLE 335 AISIN CORPORATION: PRODUCTS OFFERED 275
TABLE 336 AISIN CORPORATION: DEALS 275
TABLE 337 AISIN CORPORATION: OTHERS 275
TABLE 338 NIDEC CORPORATION: COMPANY OVERVIEW 276
TABLE 339 NIDEC CORPORATION: PRODUCTS OFFERED 277
TABLE 340 NIDEC CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS 277
TABLE 341 NIDEC CORPORATION: EXPANSIONS 278
TABLE 342 NIDEC CORPORATION: OTHERS 278
TABLE 343 PANASONIC AUTOMOTIVE SYSTEMS CO., LTD.: COMPANY OVERVIEW 279
TABLE 344 PANASONIC AUTOMOTIVE SYSTEMS CO., LTD.: PRODUCTS OFFERED 279
TABLE 345 JTEKT CORPORATION: COMPANY OVERVIEW 280
TABLE 346 ASTEMO, LTD.: COMPANY OVERVIEW 281
TABLE 347 ZF FRIEDRICHSHAFEN AG: COMPANY OVERVIEW 282
TABLE 348 VALEO: COMPANY OVERVIEW 283
TABLE 349 GKN AUTOMOTIVE LTD.: COMPANY OVERVIEW 284
TABLE 350 SCHAEFFLER AG: COMPANY OVERVIEW 285
TABLE 351 MAHLE GMBH: COMPANY OVERVIEW 286
TABLE 352 DANA LIMITED: COMPANY OVERVIEW 287
TABLE 353 BROSE FAHRZEUGTEILE SE & CO. KG: COMPANY OVERVIEW 288
TABLE 354 KEB AUTOMATION: COMPANY OVERVIEW 289
TABLE 355 TECO CORPORATION: COMPANY OVERVIEW 290
TABLE 356 YASA LIMITED: COMPANY OVERVIEW 291
LIST OF FIGURES
FIGURE 1 VEHICLE ELECTRIFICATION MARKET SEGMENTATION 31
FIGURE 2 RESEARCH DESIGN 36
FIGURE 3 RESEARCH DESIGN MODEL 37
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 40
FIGURE 5 BOTTOM-UP APPROACH 41
FIGURE 6 DATA TRIANGULATION 42
FIGURE 7 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 44
FIGURE 8 REPORT SUMMARY 47
FIGURE 9 VEHICLE ELECTRIFICATION MARKET, BY REGION 48
FIGURE 10 VEHICLE ELECTRIFICATION MARKET, BY VEHICLE TYPE 48
FIGURE 11 RISING USE OF ELECTRIFIED COMPONENTS TO REDUCE ENERGY LOSSES
TO DRIVE MARKET 50
FIGURE 12 PASSENGER CAR TO BE LARGEST SEGMENT DURING FORECAST PERIOD 50
FIGURE 13 BEV TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 51
FIGURE 14 LIQUID HEATER PTC TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD 51
FIGURE 15 ASIA PACIFIC TO BE LEADING REGIONAL MARKET IN 2025 52
FIGURE 16 VEHICLE ELECTRIFICATION MARKET DYNAMICS 54
FIGURE 17 SUPPLY CHAIN ANALYSIS 58
FIGURE 18 ECOSYSTEM MAP 59
FIGURE 19 ECOSYSTEM ANALYSIS 60
FIGURE 21 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 66
FIGURE 22 INVESTMENT AND FUNDING SCENARIO, 2022−2025 69
FIGURE 23 PATENT ANALYSIS 75
FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VEHICLE TYPE 97
FIGURE 25 KEY BUYING CRITERIA, BY VEHICLE TYPE 98
FIGURE 26 VEHICLE ELECTRIFICATION, BY PROPULSION AND PRODUCT,
2025 VS. 2032 (USD MILLION) 102
FIGURE 27 VEHICLE ELECTRIFICATION, BY VEHICLE TYPE, 2025 VS. 2032 (USD MILLION) 139
FIGURE 28 VEHICLE ELECTRIFICATION MARKET, BY DEGREE OF HYBRIDIZATION,
2025 VS. 2032 (USD MILLION) 149
FIGURE 29 ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026 162
FIGURE 30 ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2024–2026 162
FIGURE 31 ASIA PACIFIC: INFLATION RATE AVERAGE CONSUMER PRICES,
BY COUNTRY, 2024–2026 162
FIGURE 32 ASIA PACIFIC: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP,
BY COUNTRY, 2024 163
FIGURE 33 ASIA PACIFIC: VEHICLE ELECTRIFICATION MARKET SNAPSHOT 164
FIGURE 34 NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026 179
FIGURE 35 NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2024–2026 180
FIGURE 36 NORTH AMERICA: CPI INFLATION RATE, BY COUNTRY, 2024–2026 180
FIGURE 37 NORTH AMERICA: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP,
BY COUNTRY, 2024 181
FIGURE 38 NORTH AMERICA: VEHICLE ELECTRIFICATION MARKET SNAPSHOT 181
FIGURE 39 EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026 191
FIGURE 40 EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026 192
FIGURE 41 EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES,
BY COUNTRY, 2024–2026 192
FIGURE 42 EUROPE: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, BY COUNTRY, 2024 192
FIGURE 43 EUROPE: VEHICLE ELECTRIFICATION MARKET SNAPSHOT 194
FIGURE 44 REST OF THE WORLD: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026 213
FIGURE 45 REST OF THE WORLD: GDP PER CAPITA, BY COUNTRY, 2024–2026 214
FIGURE 46 REST OF THE WORLD: INFLATION RATE AVERAGE CONSUMER PRICES,
BY COUNTRY, 2024–2026 214
FIGURE 47 REST OF THE WORLD: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP,
BY COUNTRY, 2024 215
FIGURE 48 ELECTRIC COOLANT PUMP MARKET SHARE ANALYSIS, 2024 226
FIGURE 49 ELECTRIC COMPRESSOR MARKET SHARE ANALYSIS, 2024 227
FIGURE 50 E-AXLE MARKET SHARE ANALYSIS, 2024 228
FIGURE 51 CHINESE E-AXLE MARKET SHARE ANALYSIS, 2024 229
FIGURE 52 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2021−2024 230
FIGURE 53 COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024 231
FIGURE 54 COMPANY FOOTPRINT 232
FIGURE 55 COMPANY EVALUATION MATRIX (START-UPS/SMES), 2024 236
FIGURE 56 COMPANY VALUATION (USD BILLION) 238
FIGURE 57 FINANCIAL METRICS (EV/EBITDA) 238
FIGURE 58 BRAND/PRODUCT COMPARISON 239
FIGURE 59 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 245
FIGURE 60 CONTINENTAL AG: COMPANY SNAPSHOT 250
FIGURE 61 APTIV: COMPANY SNAPSHOT 254
FIGURE 62 DENSO CORPORATION: COMPANY SNAPSHOT 258
FIGURE 63 MITSUBISHI MOTORS CORPORATION: COMPANY SNAPSHOT 263
FIGURE 64 BORGWARNER INC.: COMPANY SNAPSHOT 266
FIGURE 65 JOHNSON ELECTRIC HOLDINGS LIMITED: COMPANY SNAPSHOT 269
FIGURE 66 MAGNA INTERNATIONAL INC.: COMPANY SNAPSHOT 272
FIGURE 67 AISIN CORPORATION: COMPANY SNAPSHOT 274
FIGURE 68 NIDEC CORPORATION: COMPANY SNAPSHOT 276
