Driveline Market for Electric and Hybrid Vehicles worth 63.32 Billion USD by 2025
Asia Oceania is expected to be the largest and the fastest growing market. The major reason for the fastest growth is heavy production and sales of hybrid and electric vehicles in the region.
(EMAILWIRE.COM, February 08, 2018 ) According to the new market research report "Driveline Market for Electric & Hybrid Vehicle by Architecture (Series, Parallel, Power split), Transmission (AT, DCT, E-CVT), Motor Output (45-100, 101-250, >250kW), Final Drive, Drive Type, Power Electronics, Vehicle Type, Region - Global Forecast to 2025", The driveline market for electric and hybrid vehicles is projected to grow from USD 18.14 Billion in 2017 to USD 63.32 Billion by 2025, at a CAGR of 16.92%.
Browse 97 tables and 52 figures spread through 160 pages and in-depth TOC on "Driveline Market - Global Forecast to 2025"
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=235631222
The market is projected to grow due to key reasons such as increasing demand for electric and hybrid vehicle and advancement in driveline technologies such as E-CVT and E-axle.
In power electronics, power control unit (PCU) is expected to show the fastest growth for electric and hybrid driveline
A power control unit, a combination of converter & inverter to convert AC/DC power and to regulate the voltage, is a future technology which is likely to have a huge impact on the electric and hybrid vehicle driveline. In the present scenario, Toyota Prius is installed with a power control unit which is very compact, making it possible to install it directly above the transaxle and place the auxiliary battery in the engine room, which increases the interior space. Toyota is planning to equip more compact power control unit in Avalon hybrid by 2019. The market is projected to rise owing to key reasons such as rapid adoption of electronics components in automotive, which supports the growth of power control unit by near future.
In transmission, E-CVT is expected to have the largest market over the forecast period
E-CVT is an advanced technology which offers fuel saving compared to a traditional four-speed Automatic Transmission (AT). Regionally, the market for driveline by transmission type will vary according to the transmission preferences of consumers and the increasing sales of premium vehicles. E-CVT offers fuel saving over other transmission types, which makes E-CVT the most suitable for the Asian region. Some of the models with E-CVT are Toyota Camry Hybrid, Lexus CT200h, Lexus NX 300h, and GS 300h.
Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=235631222
Government subsidies, large production and technological advancement in the field of electric and hybrid driveline would drive the driveline market for electric and hybrid vehicle in Asia Oceania
Many governments around the world are challenged with declining air quality, and they set their own emission goals. They have been working to increase the market for electric and hybrid vehicles. To spur the sale of electric and hybrid vehicles, they have used emission regulations, public-private partnerships, incentives, and provided improved charging facilities. The Chinese government is providing acquisition tax and excise tax exemption (depending on engine displacement and price) (USD 5,100 to USD 8,700). China has the largest market for electric and hybrid driveline due to its large production and sales. Technological advancement in the field of electric and hybrid drivelines, such as regenerative braking, automatic start-stop, E-axle, E-drive, and an E-CVT are the major driving forces for the electric and hybrid driveline market. With the increase in demand for electrical and electronic devices in a vehicle, the automobile industry is continuously shifting toward a higher voltage power supply. High voltage power supply would require more efficient power electronics. Globally, various OEMs and Tier 1 players are contributing to the advancement of the power electronics technology. For example, Toyota developed a combined unit of converter and inverter called the Power Control Unit.
The key market players are as ZF (Germany), Schaeffler (Germany), GKN (UK), BorgWarner (US), Robert Bosch (Germany). Other players covers in the report are Hitachi (Japan), Continental (Germany), Delphi (UK), Denso (Japan), and Valeo (France).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Browse 97 tables and 52 figures spread through 160 pages and in-depth TOC on "Driveline Market - Global Forecast to 2025"
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=235631222
The market is projected to grow due to key reasons such as increasing demand for electric and hybrid vehicle and advancement in driveline technologies such as E-CVT and E-axle.
In power electronics, power control unit (PCU) is expected to show the fastest growth for electric and hybrid driveline
A power control unit, a combination of converter & inverter to convert AC/DC power and to regulate the voltage, is a future technology which is likely to have a huge impact on the electric and hybrid vehicle driveline. In the present scenario, Toyota Prius is installed with a power control unit which is very compact, making it possible to install it directly above the transaxle and place the auxiliary battery in the engine room, which increases the interior space. Toyota is planning to equip more compact power control unit in Avalon hybrid by 2019. The market is projected to rise owing to key reasons such as rapid adoption of electronics components in automotive, which supports the growth of power control unit by near future.
In transmission, E-CVT is expected to have the largest market over the forecast period
E-CVT is an advanced technology which offers fuel saving compared to a traditional four-speed Automatic Transmission (AT). Regionally, the market for driveline by transmission type will vary according to the transmission preferences of consumers and the increasing sales of premium vehicles. E-CVT offers fuel saving over other transmission types, which makes E-CVT the most suitable for the Asian region. Some of the models with E-CVT are Toyota Camry Hybrid, Lexus CT200h, Lexus NX 300h, and GS 300h.
Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=235631222
Government subsidies, large production and technological advancement in the field of electric and hybrid driveline would drive the driveline market for electric and hybrid vehicle in Asia Oceania
Many governments around the world are challenged with declining air quality, and they set their own emission goals. They have been working to increase the market for electric and hybrid vehicles. To spur the sale of electric and hybrid vehicles, they have used emission regulations, public-private partnerships, incentives, and provided improved charging facilities. The Chinese government is providing acquisition tax and excise tax exemption (depending on engine displacement and price) (USD 5,100 to USD 8,700). China has the largest market for electric and hybrid driveline due to its large production and sales. Technological advancement in the field of electric and hybrid drivelines, such as regenerative braking, automatic start-stop, E-axle, E-drive, and an E-CVT are the major driving forces for the electric and hybrid driveline market. With the increase in demand for electrical and electronic devices in a vehicle, the automobile industry is continuously shifting toward a higher voltage power supply. High voltage power supply would require more efficient power electronics. Globally, various OEMs and Tier 1 players are contributing to the advancement of the power electronics technology. For example, Toyota developed a combined unit of converter and inverter called the Power Control Unit.
The key market players are as ZF (Germany), Schaeffler (Germany), GKN (UK), BorgWarner (US), Robert Bosch (Germany). Other players covers in the report are Hitachi (Japan), Continental (Germany), Delphi (UK), Denso (Japan), and Valeo (France).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Contact Information:
MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
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MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results