EV Drive Module Market Segmented By BEVs, PHEV Powertrain in Passenger vehicle, Commercial vehicle
Industry: Automotive
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32680
According to latest research EV drive module market is set to witness steady growth during 2021-2031. Demand for EV drive module will witness steady recovery in short term, with optimistic growth outlook in the long run. Surge demand from EV industry, thereby augmenting the need of EV drive module over the forecast period.
The electric drive module combines a next-generation discrete motor-generator and power electronics system into a single system, allowing for synergy effects. The new power electronics have been designed specifically for use with electric motors. As a result, the module can be used as part of a plug-in hybrid or electric vehicle's electric powertrain.
This decade is shaping up to be the most disruptive for the automobile industry, with crucial trends such as alternative cars, autonomous vehicles, shared vehicles, and connected vehicles drastically reshaping the sector. Alternative cars, particularly electric vehicles, have garnered the most popularity in the industry due to its zero-emission characteristic.
The interest of non-car organizations, for example, Google and Apple in the improvement of electric vehicles is required to advance the EV drive module's positive development in the coming years.
To make electric vehicles a more viable alternative for customers, automakers have been working assiduously on the creation of efficient infrastructure, supply chains, and high-performance and cost-effective components. One of the most exciting advancements is the development of an EV drive module.
The creation of an efficient drive module for electric vehicles has gotten a lot of attention and interest in the last few years, thanks to the efforts of researchers and manufacturers in the sector.
For electric vehicles, the electric drive module is a small, highly integrated, and all-in-one powertrain solution. Integration of the three basic components (electric motor, power electronics, and transmission) of an electric powertrain into a single module, which improves performance and eliminates many components including connectors, cables, and hydraulic connections, will drive market growth in the coming years.
North America is estimated to be one of the prominent region globally for drive module. The U.S. is set to account for substantial share in global market during the assessment period 2021-2031.
The expansion of the EV drive module is closely tied to the demand for electric vehicles. The fact that the United States has a substantial presence of assembly plants for major electric vehicle OEMs, as well as rigorous pollution regulations imposed by regulatory bodies, would expand the penetration of electric vehicles and drive module sales in the future.
The COVID-19 crisis has had a significant impact on many European countries, resulting in a drop in economic activity. However, in automotive industry, Europe is home to a major number of electric vehicle OEMs, making the region a major producer of EV drive module.
Due to the existence of major electric vehicle manufacturers and significant investment in research and development to improve electric powertrain, the UK and Germany are the two biggest contributors in Europe's EV drive module industry.
Furthermore, increased adoption of electric vehicles in economies such as Germany, France, Italy, and the Netherlands to reduce fuel emissions and target export is predicted to be the fastest-growing segment during the forecast period.
Some of the leading manufacturers and suppliers of EV drive module includes
Some of the key players' strategies for gaining a competitive edge in the market include developing compact designs and collaborating closely with EV OEMs.
By Powertrain Type
By Peak Power Type
By Application
By Region
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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