The increasing rate of global warming has led to the introduction of different stringent regulations by different governments across the globe. Different innovations also have been taking place in this line such as the use of electric vehicles.
Electric vehicles are not new to the society as they were introduced as early as in 1830. Soon, their share is expected to grow from about 4% to about 30% by the year 2030.
Apart from the environmental concerns, there are also other benefits of the electric vehicles that Stratview report talks about such as easy maintenance, efficient, and fewer gears. Such benefits are motivating many of the OEMs of the world today to work on electric cars.
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An electric vehicle comprises the electric motor, power electronics, and gearbox as the key components. These components can be used separately or also in a combination that offers benefits such as a reduction in weight, size, and cost.
Stratview Research reports that the global electric drive module market should rise up to about USD 10 billion by the year 2025. Region-wise, America is the leader followed by EMEA and the Asia Pacific.
The key players in the global EDM market are BorgWarner Inc., Magma International Inc., Bosch Gmbh., GKN Driveline, Nidec Motor Corporation, Continental Corporation, and Dana incorporated. On the other hand, only a few of the OEMs are involved as of now such as Tesla Inc., and Nissan Motor. But other OEMs are also slowly expanding and hopefully, some more names should come up by the year 2020.
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In order to deal with the climatic change, Governments of many countries are taking some major steps such as Paris, Madrid, Athens, Mexico City, and Norway have plans to phase out diesel vehicles by 2025.
Stratview Research report is based on such analysis and states that global electric vehicle production market, both battery electric vehicles as well as plugin hybrid electric vehicles, should reach over 13 million units by 2025.
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Stratview Research report will also talk about different innovations and merger activities such as BorgWarner’s iDM, Magna’s three-motor electric drive system, the joint venture Shanghai GKN HUAYU Driveline systems in 2018, the joint venture of Magna with Huayu Automotive Systems Co., Ltd in 2017, and many others.
The report speaks about the growth of the global EDM market with a developing market in countries such as Japan, China, Europe, United States, and many others.
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Salient Features of the Report
The Stratview Report will offer a researched and analyzed insight into the global electric drive module 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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