Industry Background:
Transportation electrification refers to the use of electricity from external sources of electrical power, including the electrical grid, for all or part of vehicles, trains, vessels, boats, or others. Electrification is marginally adopted by the transportation industry, in order to reduce the burden over fossil as well as non-conventional fuels.
This growth is primarily driven by An Increase in Air Pollution Due to Carbon Emissions, Stringent Government Regulations over Fuel Powered Vehicles, The Rising Cost of Fuel across the Globe and The Rapid Adoption of Electrified Vehicles.
Globally, a noticeable market trend is evident The Rising Adoption of Electric Vehicles among the People. Major Manufacturers, such as Thales Group (France), Bombardier Inc. (Canada), Siemens AG (Germany), Continental AG (Germany), General Electric (United States), Robert Bosch GmbH (Germany), Tesla Inc. (United States), General Motors (United States), BMW AG (Germany), ZF Friedrichshafen AG (Germany) and Valeo (France) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 2 July 2018, ABB has completed the acquisition of GE Industrial Solutions. The acquisition will strengthen ABB’s global position in electrification and also expected to increase the company’s footprint in North American markets.
On 25 Sept 2018, Valeo showcased its range of 48 V electrification systems, which contribute to reducing fuel consumption in commercial vehicles. With their affordable price tag, these solutions help make hybrid and electric vehicles synonymous with cleaner mobility more broadly accessible.
Market Drivers
- An Increase in Air Pollution Due to Carbon Emissions
- Stringent Government Regulations over Fuel Powered Vehicles
- The Rising Cost of Fuel across the Globe
- The Rapid Adoption of Electrified Vehicles
Market Trend
- The Rising Adoption of Electric Vehicles among the People
Restraints
- The High Cost of the Product
- Unavailability of Infrastructure in Underdeveloped Countries
Opportunities
The Emerging Demand for Electric Vehicles among the Developed and Developing Countries and The High Investments in Transportation Electrification
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Transportation Electrification Study Sheds Light on
The Transportation Electrification Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Transportation Electrification industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Transportation Electrification industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.