Industrial Electrification Market By Product (Starter motor and alternator, Electric pumps, Electric power steering, Integrated starter generator, Others), By Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

The industrial electrification market was valued at $83.5 billion in 2022 and is estimated to reach $182.5 billion by 2032, exhibiting a CAGR of 8.1% from 2023 to 2032.

Industrial electrification refers to the process of replacing or augmenting traditional mechanical, pneumatic, or hydraulic systems with electrical and electronic systems in various industrial applications. It involves the use of electricity as the primary source of power for machines, equipment, and processes in manufacturing, production, and other industrial sectors. Industrial electrification offers several advantages, including improved energy efficiency, greater precision, reduced maintenance requirements, enhanced automation, and the potential for integrating data and analytics into industrial processes.

Industrial electrification is often chosen as it significantly improves energy efficiency. Electric motors and equipment are more efficient than their mechanical counterparts, leading to reduced energy consumption and lower operating costs. This factor may surge the utilization of industrial electrification process among several end use sectors: thus, fueling the market growth.

However, retrofitting existing industrial processes with electrification solutions be complex and require extensive modifications to existing systems. Integration challenges lead to downtime and additional costs during the transition. This factor restrains the growth of the industrial electrification market.

On the contrary, The trend toward automation and Industry 4.0 concepts in manufacturing and industrial processes relies heavily on electrification. Electric systems are easier to automate and integrate with digital technologies for improved productivity and efficiency. This factor boosts the utilization of industrial electrification process across several types of industries: thus, creating remunerative opportunities for the market.

The industrial electrification market is segmented on the basis of product, application, and region. On the basis of product, it is fragmented into starter motor & alternator, electric pumps, electric power steering (EPS), integrated starter generator (ISG), and others. By application, it is classified into automation & control, energy efficiency, data & analytics, and others. By region, it is classified into North America, Europe, Asia-Pacific, and LAMEA.

The major companies profiled in this report include BorgWarner Inc., DENSO CORPORATION, Johnson Electric Holdings Limited, AISIN CORPORATION, Bharat Bijlee Limited, Bonfiglioli Transmissions Private Limited, General Electric, Kirloskar Electric Company, and ABB, Continental AG.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial electrification market analysis from 2022 to 2032 to identify the prevailing industrial electrification market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the industrial electrification market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global industrial electrification market trends, key players, market segments, application areas, and market growth strategies.

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Capital Investment breakdown
Investment Opportunities
Technology Trend Analysis
Consumer Preference and Product Specifications
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Brands Share Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
Market share analysis of players at global/region/country level
SWOT Analysis

Key Market Segments

By Product

Starter motor and alternator
Electric pumps
Electric power steering (EPS)
Integrated starter generator (ISG)
Others

By Application

Automation and Control
Energy Efficiency
Data and Analytics
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA

Key Market Players:

BorgWarner Inc.
DENSO CORPORATION
Johnson Electric Holdings Limited
AISIN CORPORATION
Bharat Bijlee Limited
Bonfiglioli Transmissions Private Limited
General Electric
Kirloskar Electric Company
ABB
Continental AG

Product Code: A110295

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Surge in demand for energy efficiency and cost savings
  - 3.4.1.2. Rise in environmental Regulations
  - 3.4.1.3. Increase in sustainability goals
- 3.4.2. Restraints
  - 3.4.2.1. High initial investment costs
  - 3.4.2.2. Integration Challenges
- 3.4.3. Opportunities
  - 3.4.3.1. Technological Advancements
  - 3.4.3.2. Automation and Industry 4.0 programs
3.5. Regulatory Guidelines
3.6. Patent Landscape

CHAPTER 4: INDUSTRIAL ELECTRIFICATION MARKET, BY PRODUCT

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Starter motor and alternator
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Electric pumps
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Electric power steering (EPS)
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Integrated starter generator (ISG)
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
4.6. Others
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country

CHAPTER 5: INDUSTRIAL ELECTRIFICATION MARKET, BY APPLICATION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Automation and Control
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Energy Efficiency
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Data and Analytics
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country

CHAPTER 6: INDUSTRIAL ELECTRIFICATION MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Product
- 6.2.3. Market size and forecast, by Application
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Market size and forecast, by Product
  - 6.2.4.1.2. Market size and forecast, by Application
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Market size and forecast, by Product
  - 6.2.4.2.2. Market size and forecast, by Application
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Market size and forecast, by Product
  - 6.2.4.3.2. Market size and forecast, by Application
6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Product
- 6.3.3. Market size and forecast, by Application
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. Germany
  - 6.3.4.1.1. Market size and forecast, by Product
  - 6.3.4.1.2. Market size and forecast, by Application
  - 6.3.4.2. UK
  - 6.3.4.2.1. Market size and forecast, by Product
  - 6.3.4.2.2. Market size and forecast, by Application
  - 6.3.4.3. France
  - 6.3.4.3.1. Market size and forecast, by Product
  - 6.3.4.3.2. Market size and forecast, by Application
  - 6.3.4.4. Spain
  - 6.3.4.4.1. Market size and forecast, by Product
  - 6.3.4.4.2. Market size and forecast, by Application
  - 6.3.4.5. Italy
  - 6.3.4.5.1. Market size and forecast, by Product
  - 6.3.4.5.2. Market size and forecast, by Application
  - 6.3.4.6. Rest of Europe
  - 6.3.4.6.1. Market size and forecast, by Product
  - 6.3.4.6.2. Market size and forecast, by Application
6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Product
- 6.4.3. Market size and forecast, by Application
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Market size and forecast, by Product
  - 6.4.4.1.2. Market size and forecast, by Application
  - 6.4.4.2. India
  - 6.4.4.2.1. Market size and forecast, by Product
  - 6.4.4.2.2. Market size and forecast, by Application
  - 6.4.4.3. Japan
  - 6.4.4.3.1. Market size and forecast, by Product
  - 6.4.4.3.2. Market size and forecast, by Application
  - 6.4.4.4. South Korea
  - 6.4.4.4.1. Market size and forecast, by Product
  - 6.4.4.4.2. Market size and forecast, by Application
  - 6.4.4.5. Australia
  - 6.4.4.5.1. Market size and forecast, by Product
  - 6.4.4.5.2. Market size and forecast, by Application
  - 6.4.4.6. Rest of Asia-Pacific
  - 6.4.4.6.1. Market size and forecast, by Product
  - 6.4.4.6.2. Market size and forecast, by Application
6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Product
- 6.5.3. Market size and forecast, by Application
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Brazil
  - 6.5.4.1.1. Market size and forecast, by Product
  - 6.5.4.1.2. Market size and forecast, by Application
  - 6.5.4.2. Saudi Arabia
  - 6.5.4.2.1. Market size and forecast, by Product
  - 6.5.4.2.2. Market size and forecast, by Application
  - 6.5.4.3. South Africa
  - 6.5.4.3.1. Market size and forecast, by Product
  - 6.5.4.3.2. Market size and forecast, by Application
  - 6.5.4.4. Rest of LAMEA
  - 6.5.4.4.1. Market size and forecast, by Product
  - 6.5.4.4.2. Market size and forecast, by Application

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. AISIN CORPORATION
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
8.2. Continental AG
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.2.7. Key strategic moves and developments
8.3. BorgWarner Inc.
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.3.7. Key strategic moves and developments
8.4. DENSO CORPORATION
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.4.7. Key strategic moves and developments
8.5. Johnson Electric Holdings Limited
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
8.6. ABB
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
8.7. Bharat Bijlee Limited
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Business performance
8.8. Kirloskar Electric Company
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
8.9. General Electric
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
8.10. Bonfiglioli Transmissions Private Limited
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance
- 8.10.7. Key strategic moves and developments