Electric Drive Module (eDM) Market estimated to grow at impressive CAGR in the forecast period (2019-2025)

Summary:
The report on the Electric Drive Module (eDM) Market has been launched in April,2019 by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2025. The report also offers insights into different market segments and other factors affecting the market.

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Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Electric Drive Module (eDM) Market is expected to inflate at impressive CAGR by the forecast period (2019 – 2025).

As per the report, the market is segmented by:
• By Powertrain Type: Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle
• By Vehicle: Light Duty Vehicle, Medium & Heavy-Duty Vehicle
• By Peak Power Type: Less than 150 kW, More than 150 kW
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
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Highlights of the Report:

This decade is proving to be the most disruptive for the automotive industry with key trends, such as alternative vehicles, autonomous vehicles, shared vehicles, and connected vehicles, are primarily transforming the industry. Among all, alternative vehicles, especially electric vehicles, earned the most traction in the industry, owing to their zero-emission feature. The sheer interest of the non-automotive companies, such as Google and Apple, for the development of electric vehicles further augments the positive outlook of the electric vehicles in the coming years.

To make electric vehicle a more viable option for customers, automakers have rigorously been working for the development of efficient infrastructure, supply chain as well as high-performance and cost-effective components. Among many developments, One of the most promising achievements is the development of electric drive module (eDM). Electric vehicle powertrain has significantly evolved in the past few years, as researchers and manufacturers in the industry are paying significant attention and interest in the development of efficient powertrain solution for electric vehicles.

Electric drive module offers, a compact, highly integrated, and an all-in-one solution for the electric vehicle powertrain. The main three components (electric motor, power electronics, and transmission) of an electric powertrain are integrated into a single module in order to deliver improved performance and to omit many components, such as connectors, cables, and hydraulic connections.

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 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.

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.

Key Players of the Market

The market is consolidated in nature with five major players BorgWarner Inc., Continental AG, Dana Incorporated, Denso Corporation, GKN Driveline holding together the major share in the market, with BorgWarner Inc. being the key player.
Other important firms are hofer powertrain GmbH, Magna International Inc., Nidec Corporation, Nissan Motor Co., Ltd., Robert Bosch GmbH, Siemens AG, TESLA Inc., UQM Technologies Inc., ZF Friedrichshafen AG.

Features of the Report

The Report discusses about the working of the Electric Drive Module, the various types, and the growth of the Electric Drive Module in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

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This release was published on openPR.