Global vehicle electrification market is estimated to be valued at $16.69 billion in 2014 and is projected to reach $30.74 billion growing at a healthy CAGR of 13.0%.
Dallas, TX -- (SBWIRE) -- 01/12/2015 -- The report "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", defines and segments the automotive coolant and lubricant markets with analysis and forecast of the global volume and value.
Browse 85 market data tables and 73 figures spread through 240 pages and in-depth TOC on "Vehicle Electrification Market - Trends & Forecast to 2019"
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Asia-Pacific: Growth opportunity in Asia-Pacific Growing market
The Asia-Pacific region comprises countries such as China, Japan, South Korea, and India. The region is dominated by developing countries such as India and China, wherein the automotive industry is growing at a significant rate. The growing demand for electric vehicles in Japan, stringent emission norms, the growing demand for enhancing fuel efficiency and the increasing number of vehicle manufacturing facilities owing to the low cost of production in these countries has led to an increase in this market. The sizes of the vehicle electrification market by value in the Asia-Pacific region is projected to grow at a CAGR of 15.2% from 2014 to 2019.
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Europe: Prospective Eastern European market
The vehicle electrification industry in Europe is dominated by U.K., Germany, France and Italy, owing to the sales volume of passenger car in these countries. In addition, the sales volume of electric vehicles is also growing in Europe owing to proper infrastructure facilities like charging station, government subsidiaries for electric vehicles and strict emission norms. As a result of this, the penetration of vehicle electrification technologies is increasing in passenger cars in European countries. Thus, many manufacturers are setting up plants and R&D centers in European countries. The sizes of the European vehicle electrification market by value is projected to grow at a CAGR of 6.7% from 2014 to 2019.
North America: Highest growing market.
The North America region comprises countries such as the U.S., Canada, and Mexico and is also a matured market for the automotive industry. However, the sales of electric vehicles in U.S. is increasing owing to stringent emission norms ans subsidiaries offered by government for electric vehicles.In addition, countries where the sales of electric vehicles is currently growing, like Mexico and Canada, would also drive the demand for vehicle electrification technologies. The sizes of the North American vehicle electrification market in terms of value is projected to grow at a CAGR of 16.4% from 2014 to 2019.
The report covers the global vehicle electrification market in terms of volume ('000 units) and value ($thousand) across the regions of Asia-Pacific, Europe, North America and the rest of the world (RoW). It explains the qualitative and quantitative aspects of automotive coolant and lubricant. The report briefly illustrates the vehicle electrification market on the basis of geography, product and degree of hybridization from 2014 to 2019.
The report also includes analysis of the value chain, Porter's Five Forces analysis, PEST analysis, the competitive landscape, and company profiles. In addition to this, 10 key players in the automotive coolant and lubricant industries have been profiled.
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