The Electric Drive Module (eDM) Market to experience an impressive growth to reach US$ 10.7 billion during 2019-2025

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Electric Drive Module (eDM) Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Electric Drive Module (eDM) Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2019-2025.

The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

The increasing demand for electric vehicles

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 strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by
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. Region (The Americas, Europe, Middle East, and Africa (EMEA), Asia-Pacific and RoW)

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The Growth Prognosis & its Drivers
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 Hegemony of Tesla inc.
The top five players are Tesla Inc., Nissan Motor Co., Ltd., BorgWarner Inc., Continental AG, Magna International, Inc.,
Other important firms are GKN Driveline, Robert Bosch GmbH, and Siemens AG..

The undisputed Dominance of the Americas

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.

Emerging Trends: 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.

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This release was published on openPR.