[Latest] Global Industrial Electrification Market

Sandy, Utah, USA, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Industrial Electrification Market Size, Trends, and Insights By Product (Starter motor & alternator, Start/stop system, Electric oil pump, Electric power steering (EPS), Electric air conditioner compressor, Liquid heater PTC, Electric water pump, Electric vacuum pump, Actuators, Integrated starter generator (ISG)), By Hybridization (Hybrid Electric Vehicle, Internal Combustion Engine, Micro-Hybrid Vehicle, Plug-In Hybrid Electric Vehicle, Battery Electric Vehicle), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand for global Industrial Electrification Market size & share was valued at approximately USD 82.9 Billion in 2021 and is expected to reach USD 88.02 billion in 2022 and is expected to reach a value of around USD 129 Billion by 2030, at a compound annual growth rate (CAGR) of about 10.6% during the forecast period 2022 to 2030.”

Electrification refers to the essential step in the energy decarbonization process, which converts waste energies into usable power sources that can subsequently be used for a variety of purposes. The term “energy transition” describes the movement aside from using conventional energy sources, such as fossil fuels, and towards the adoption of cleaner energy sources, such as sustainable power. Services based on a system for the supply, maintenance, and creation of electricity are included in the “industrial electrification market”. One noticeable illustration of how transit depends on electrical power obtained from renewable sources is the electrification of vehicles.

Click Here to Access a Free Sample Report of the Global Industrial Electrification Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=22450

Market Dynamics

Drivers

The market has witnessed expansion as a result of increased demand for green energy and measures to reduce toxic gas emissions.

Carbon emissions and other environmental issues have resulted from the excessive use of fossil fuels. As a result of the depletion of fossil fuels, there is an increased necessity for green energy resources for energy generation. Additionally, the government has implemented a number of programs to reduce carbon emissions and Greenhouse gases, which fuels the market growth for electrification.

Increased consumer demand and investments from major players propel the market growth

Customers’ increased demand and the rise of investors have encouraged manufacturers to reach the goal of total electrification by 2035, which is expected to fuel the market expansion for industrial electrification throughout the subsequent years. Nearly 60% of the manufacturers created plans and strategies to help a company reach the intended goal over the coming years.

(A free sample of the Industrial Electrification report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
Includes Tables and figures have been updated
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Industrial Electrification report has been modified to include the COVID-19 impact study prior to delivery.)

Request Customized Copy of Industrial Electrification Market Report @ https://www.custommarketinsights.com/request-for-customization/?reportid=22450

Restraints

The problems associated with battery backup and power shortages of electric vehicles restrain the market growth for electrification systems. The high maintenance cost is another factor that can possibly hamper the market growth. On the other hand, the surge to obtain the optimal power to weight ratio restrains the market growth. The power-to-weight ratio is estimated by the fraction of vehicle output vs. its weight in kg. The manufacturers tend to adopt such processes which can provide optimal power-to-weight ratio, but it is not implemented at the present.

Opportunities

The surge in demand associated with the environment leading to decarbonization increases the demand for renewable sources which in turn creates ample opportunities for the Industrial electrification market growth. The increase in key assets involving wind and solar systems along with the development of battery storage for intermittent grids provides multiple opportunities for the growth of the industrial electrification market. The densely populated cities demand public transportation for mobility. To reduce the carbon footprint, there has been rapid adoption of electric vehicles, which is likely to enhance their market position.

Challenges

Despite the rapid adoption of electric vehicles over the coming years, the industrial electrification market is likely to face certain challenges which can impede market growth. The multiple risks associated with the electrification technologies include thermal runaway of battery, high battery cost, fewer charging facilities, overheating, etc. Such factors can create multiple challenges for electric vehicles.

Report Highlights

Based on product, the electric power steering (EPS) segment has dominated the market, which accounted for around 12.0% of the total market share in 2021. The EPS segment implements multiple favours across multiple end-user industries. Their widespread use is widely attributed to the many advantages it provides, such as reduced mechanical complexity and energy efficiency, etc.

According to hybridization, the internal combustion engine category held a 60.1% market share with domination in 2021 and is anticipated to continue to lead the market with a huge economic rate over the course of the forecast period. This can be ascribed to the advancement of technology and the rise in popularity of battery-powered electric vehicles, which are expected to fuel market expansion for the ICE segment.

Key questions answered in this report:

What is the size of the Industrial Electrification market and what is its expected growth rate?
What are the primary driving factors that push the Industrial Electrification market forward?
What are the Industrial Electrification Industry's top companies?
What are the different categories that the Industrial Electrification Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Industrial Electrification market sample report and company profiles?

Request Customized Copy of Industrial Electrification Market Report @ https://www.custommarketinsights.com/report/industrial-electrification-market/

Key Offerings:

Market Share, Size & Forecast by Revenue | 2022−2030.
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Regional Snapshots

Asia-Pacific region dominated the market in 2021, which was estimated to be worth USD 43.52, according to geographical distribution. It is moreover anticipated to grow at a remarkable economic rate during the projection period. The government’s attempts to encourage the use of electric vehicles as well as to offer subsidies for acquisitions fuel the market growth in such areas; it can also be attributed to the increase in the electrification systems in this region. In addition, the market demand for electric vehicles as a result of a sustainable environment along with the population growth increase in living standards, propel the market growth across APAC.

Report Scope

Feature of the Report	Details
Market Size in 2021	USD 82.9 Billion
Projected Market Size in 2030	USD 129 Billion
Market Size in 2022	USD 88.02 Billion
CAGR Growth Rate	10.6% CAGR
Base Year	2021
Forecast Period	2022-2030
Key Segment	By Product, Hybridization, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/industrial-electrification-market/

Key Players

Aisin Seiki Co. Ltd.
Continental Ag
Borgwarner Inc.
Wabco Holdings Inc.
Delphi Automotive Plc
Hitachi Automotive Systems Ltd.
Denso Corporation
Johnson Controls Inc.
Jtekt Corporation
Johnson Electric
Magna International Inc.
Robert Bosch Gmbh
Mitsubishi Electric Corporation
Valeo Sa
Zf Friedrichshafen Ag
Others

Request Customized Copy of Industrial Electrification Market Report @ https://www.custommarketinsights.com/report/industrial-electrification-market/

Recent developments

Suzuki Motor Corporation established cooperation with Daihatsu Motor Corporation in July 2021 to support the adoption of small electric vehicles. The collaboration will carry out a business endeavour including the electrification of small cars.
The Japanese company Mitsubishi Electric Corporation announced in June 2022 that it will invest 3.1 billion yen (2.2 billion Indian rupees) in its Indian subsidiary Mitsubishi Electric India PVT. Ltd. to develop a new production line abroad.

(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media?

Email Directly Here with Detail Information: support@custommarketinsights.com

Browse the full “Industrial Electrification Market Size, Trends, and Insights By Product (Starter motor & alternator, Start/stop system, Electric oil pump, Electric power steering (EPS), Electric air conditioner compressor, Liquid heater PTC, Electric water pump, Electric vacuum pump, Actuators, Integrated starter generator (ISG)), By Hybridization (Hybrid Electric Vehicle, Internal Combustion Engine, Micro-Hybrid Vehicle, Plug-In Hybrid Electric Vehicle, Battery Electric Vehicle), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/industrial-electrification-market/

Market segments covered in the report

By Product

Starter motor & alternator
Start/stop system
Electric oil pump
Electric power steering (EPS)
Electric air conditioner compressor
Liquid heater PTC
Electric water pump
Electric vacuum pump
Actuators
Integrated starter generator (ISG)

By Hybridization

Hybrid Electric Vehicle
Internal Combustion Engine
Micro-Hybrid Vehicle
Plug-In Hybrid Electric Vehicle
Battery Electric Vehicle

Click Here to Get a Free Sample Report of the Global Industrial Electrification Market @ https://www.custommarketinsights.com/report/industrial-electrification-market/

By Region

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

- Brazil
- Argentina
- Rest of Latin America

Click Here to Access a Free Sample Report of the Global Industrial Electrification Market @ https://www.custommarketinsights.com/report/industrial-electrification-market/

Spectacular Deals

Comprehensive coverage
Maximum number of market tables and figures
The subscription-based option offered.
Best price guarantee
Free 35% or 60 hours of customization.
Free post-sale service assistance.
25% discount on your next purchase.
Service guarantees are available.
Personalized market brief by author.

Browse More Related Reports:

Vehicle Electrification Market: Vehicle Electrification Market Size, Trends and Insights By Product (Travel Agencies, Direct Booking), By Scope of Hybridization (Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery-Electric Vehicle (BEV), Internal Combustion and Micro-hybrid Vehicles), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030

Solid-State Transformer Market: Solid-State Transformer Market Size, Trends and Insights By Type (Power SSTs, Distribution SSTs, Traction SSTs), By Application (Power Distribution, Renewable Power Generation, Electric Vehicle Charging Stations, Traction Locomotives), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030

Electrical Control Panel Market: Electrical Control Panel Market Size, Trends and Insights By Form (Open, Enclosed), By Type (Low Tension, Medium and High Tension), By Industry (Manufacturing, Food & Beverages, Chemical, Automotive, Power, Pharmaceutical, Oil & Gas, Aerospace & Defense, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030

Electric Traction Motor Market: Electric Traction Motor Market Size, Trends and Insights By Type (AC motor, DC Motor), By Power Rating (<200 kW, 200 kW to 400 kW, >400 kW), By Application (Electric Vehicles, Railways, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030

Electric DC Motors Market: Electric DC Motors Market Size, Trends and Insights By Type (Brushed, Brushless), By Voltage (0 - 750 Watt, 750 Watts - 3 kW, 3kW - 75 kW, Above 75kW), By End-use Industries (Industrial Machinery, Household Appliances, HVAC Equipment, Motor Vehicles, Aerospace & Transportation, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030

Electric Motor Market: Electric Motor Market Size, Trends and Insights By Type (AC, DC), By Output Power (>1HP, <1HP), By Rotor Type (Inner Rotor, Output Rotor), By End-user (Industrial, Commercial, Residential, Agriculture, Automotive, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030

This Industrial Electrification Market Research/Analysis Report Contains Answers to the following Questions.

Which Manufacturing Technology is used for Industrial Electrification? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Industrial Electrification Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Industrial Electrification Market? What Was the Capacity, Production Value, Cost and PROFIT of the Industrial Electrification Market?
What Is the Current Market Status of the Industrial Electrification Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of the Industrial Electrification Market by Considering Applications and Types?
What Are Projections of the Global Industrial Electrification Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Industrial Electrification Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Industrial Electrification Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are the Market Dynamics of the Industrial Electrification Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Industrial Electrification Industry?

Request Customized Copy of Industrial Electrification Market Report @ https://www.custommarketinsights.com/report/industrial-electrification-market/

Reasons to Purchase Industrial Electrification Market Report

Industrial Electrification Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
The Industrial Electrification Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Industrial Electrification Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Industrial Electrification Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Industrial Electrification market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Click Here to Access a Free Sample Report of the Global Industrial Electrification Market @ https://www.custommarketinsights.com/report/industrial-electrification-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Industrial Electrification market analysis.

The competitive environment of current and potential participants in the Industrial Electrification market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Industrial Electrification market should find this report useful. The research will be useful to all market participants in the Industrial Electrification industry.

Managers in the Industrial Electrification sector are interested in publishing up-to-date and projected data about the worldwide Industrial Electrification market.

Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Industrial Electrification products' market trends.

Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/industrial-electrification-market/

About Custom Market Insights:

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

Follow Us on LinkedIn: https://www.linkedin.com/company/custom-market-insights/

Follow Us on Twitter: https://twitter.com/custommarketins

Follow Us on Facebook: https://www.facebook.com/cmarketinsights

Contact Us:

Joel John

USA: +1 801-639-9061

India: +91 20 46022736

Email: support@custommarketinsights.com

Web: https://www.custommarketinsights.com/

Blog: https://www.techyounme.com/

Blog: https://atozresearch.com/

Blog: https://www.technowalla.com/