Market Highlights
Over the past few years, the prices of crude oil per barrel has been, increasing, rapidly, while the availability of crude oil has been decreasing. Due to this, the manufacturers and people are shifting their preference towards electric vehicles. There has been an increase in demand for the electric vehicles in many developed and developing regions. Due to the increase in the sales of electric vehicle, there will be growing demand for the smart e-drives in electric vehicles.
The other factors driving the growth of the global smart e-drive market are the increasing concerns of the automobile manufacturers for the reduction of weight of the vehicles, stringent CO2 emission norms, and the increase in the sale of green vehicles. However, the growth of this market is expected to be restrained by the high cost of components, which is used in smart e-drives.
Key Players
The prominent players in the global smart e-drive market include Siemens (Germany), Robert Bosch (Germany), Continental (Germany), Aisin Seiki (Japan), Schaeffler (Germany), BorgWarner (US), Infineon (Germany), UQM Technologies (US), Efficient Drivetrains (US), Shanghai Edrive (China) and SINOEV (US).
Market Research Analysis
Based on components, the market has been segmented as power electronics, e-brake booster, inverter, motor and battery. Among these, the battery segment is expected to grow with the highest growth rate during the forecast period. Original equipment manufacturers and battery manufacturers are working towards the development of high energy density battery for delivering more distance coverage on a single charge. For this reason, various kinds of batteries can be used in the smart e-drive such as Lithium-ion, nickel-based, lead acid and solid state battery. Also, the shift of the automobile industry towards electric and hybrid vehicles, is expected to drive the market for batteries over the forecast period.
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Based on battery type, the smart e-drive market has been segmented as lithium-ion, nickel-based, lead acid and solid state battery. Among these, Lithium-ion is expected to grow, significantly, over the forecast period. Lithium-ion battery technology is used in a large number of applications, both for consumer market and industrial applications. Lithium-ion batteries have superior energy, power density and superior cycling ability than other battery types. These qualities play an important role in electric and hybrid vehicles, thereby driving the growth of lithium-ion batteries in smart e-drive market.
Scope of the Report
This study provides an overview of the global Smart e-Drive Market, tracking two market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Smart e-Drive Market by component, application, drive type, battery type and regions.
By Component
- Power Electronics
- E-Brake Booster
- Inverter
- Motor
- Battery
By Applications
- e-Axle
- Wheel drive
By Drive Type
- Front wheel drive
- Rear wheel drive
- Others
By Battery Type
- Lithium-ion
- Nickel-based
- Lead acid
- Solid state battery
By Regions
- North America
- Asia Pacific
- Europe
- Rest of the World
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