Driven by the magnificent growth in the demand for electric vehicles, Electric Drive Module (eDM) Market is expected to grow beyond US$ 10.7 billion

Market & Growth Prognosis: Analyzing the market over a period of 2013-18, Stratview Research goes to the crux of the issues shaping the market and estimates the most probable future growth rate for the Electric Drive Module (eDM) Market during the period 2019-25.

Stratview Research triangulates the market to grow at a healthy CAGR over the next five years and expects the market to breach the barrier of US$ 10.7 billion by 2025.

The Diverse Stand Points
The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives better understanding of the market. The market of Electric Drive Module (eDM) has been viewing from various perspectives such as:

Dissection By (Segments)

1. Powertrain Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle)
2. Vehicle Type (Light Duty Vehicle, Medium & Heavy-Duty Vehicle)
3. Peak Power Type (Less than 150 kW, More than 150 kW)
4. By Region (The Americas, Middle East, and Africa (EMEA), Asia-Pacific)

Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.

The answers to the prominent questions which are evinced out of above slicing of the market are:
● Which are the best performing segments of the market?
● Which is the most dominant region?
● Which material is the most promising?
● Who are the movers and shakers of the market?
● What are the regional growth hotspots?
● What are the segmental growth forecasts?

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The Factors Driving the market

The electric drive module market is a multi-million dollar business today and is estimated to grow to multi folds over the next seven years to reach US$ 10.7 billion in 2025. The expected journey of eDM from the current multi-million dollar business to two-digit billion dollar opportunity is primarily propelled by a magnificent growth in the demand for electric vehicles, owing to increasing adoption of electric vehicles over ICE vehicles, coupled with superior benefits of eDMs. This integrated system delivers high power-to-size ratio, excellent cost effectiveness, high system efficiency, excellent durability, and weight saving. It is a suitable claimant addressing the challenge of procuring individual components from a different supplier and further assembling of each component in the electric vehicle.

The rise of BEVs

The global electric drive module market is segmented based on the powertrain type as BEVs and PHEVs. BEVs are likely to remain the growth engines of the market during the forecast period. Increasing production of BEVs, especially from Tesla and Nissan, and an entry of other new start-ups and existing OEMs in the BEV segment are the major factors propelling the demand for eDMs in the vehicle type segment. Increasing penetration of eDMs and recent advancements, such as the development of 5th generation electric powertrain by BMW, are likely to drive the market in the PHEV segment during the same period.

Based on the peak power type, the eDM market is segmented into 150 KW. >150 kW type is projected to remain the most dominant segment over the next five years, whereas 150 kW-based eDM currently founds usage in all the models of Tesla. Expected penetration of eDMs in MHCVs is further likely to boost the demand for >150 kW-based EDM in the future.

Driven by demand, The Americas has the hegemony over the market

Based on the region, the Americas is projected to remain the largest market for eDMs during the forecast period. The USA is likely to remain the growth engine of the region’s market, owing to the presence of assembly house of the major electric vehicle OEMs, such as Tesla and Nissan, stringent emission standards from the regulatory bodies, and increasing penetration of electric vehicles.

At present, EMEA (Europe, Middle East, and Africa) is the second-largest market for eDMs. The UK and Germany are the two major contributors in the EMEA’s eDM market, owing to the presence of major auto OEMs and significant investment towards research & development to enhance electric powertrain.

Asia-Pacific is expected to witness the highest growth during the forecast period, owing to increasing adoption of electric vehicles in the economies, such as China, Japan, and South Korea, to curb fuel emission as well as targeting exports.

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