The global automotive electric system
market is poised to display high growth with high CAGR in forthcoming
period. Growth in automotive electric system market include rise in electric
vehicle charging stations that conduct a fuel-free operation devoid of carbon
gases and profit-maximization by the increase in petroleum reserves. Automotive
Electric System market is attributed with faster acceleration, smooth
transmission and is maintenance-free in comparison to I.C engines adding to
growth of automotive electric system industry. AC charging stations are
preferred over DC charging stations and are projected to lead industry vertical
attributing it to convenience, retrofit engine and unnecessary encumbrances
working on 120-230V home supply.
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On the basis of product, this report displays the production, revenue,
price, market share and growth rate of each type, primarily split into
• Gasoline Automotive
• Diesel Automotive
• Other
On the basis on the end users/applications, this report focuses on the
status and outlook for major applications/end users, consumption (sales),
market share and growth rate of Automotive Electric System for each
application, including
• Passenger Car
• Commercial Vehicle
• Other
Internal combustion (IC)
engines and progressive heavy electric vehicles (PHEV) are losing out to
battery driven automotive electric vehicles system market that is gaining lost
ground by advancements in electric engine models and displaying exponential
leverage in an otherwise static industry.
Hybrid automotive cars are an
offset of the electric automotive vehicles both electric and petrol pulling the
car. The petrol engine takes care of ignition power and uphill drives
ordinarily achieved in power-thrust, characteristic of petrol engines whereas
sedate speeds of forty on highways are accomplished by electric vehicle that
make do with less power. Public charging stations are gaining ground over
private charging stations with installations in taxi-stands, airports,
fast-food cafes, bistros and parking lots. Segmentation of automotive electric
systems market by type includes gasoline automotive, diesel automotive, hybrid
automotive, flex fuel automotive and others. Segmentation of automotive
electric system market by application includes passenger cars, commercial
vehicles and others.
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