Market research reports, consulting: Global Market Insights Inc.

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Asia Pacific Electric Drive Unit Market Trends

Report ID: GMI8901 Published Date: April 2024Report Format: PDF
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Asia Pacific Electric Drive Unit Market Trends

The automotive industry in the Asia Pacific region is increasingly embracing electrification, with major automakers investing in electric vehicle development and a rapid rollout of electric vehicle charging stations. This trend is bolstering the business outlook for advanced electric drive units (EDUs) that offer enhanced performance, efficiency, and reliability. Manufacturers in the region are placing a strong emphasis on innovation and technological advancements to address changing market needs. This focus has led to the creation of next-generation electric drive units (EDUs) with enhanced power density, lighter weight, and improved thermal management capabilities. Additionally, growing inclination towards designing integrated EDU systems, enabling seamless integration of motor, inverter, gearbox, and control software, resulting in improved performance and efficiency, will positively cater to the industry expansion.

Author: Preeti Wadhwani, Aishvarya Ambekar
Frequently Asked Question(FAQ) :

Why are electric drive units are witnessing high demand in BEVs?+

BEV from vehicle type segment is poised to cross USD 37 billion by 2032, driven by rising production capacity and advancing battery technology.

How much is the Asia Pacific electric drive unit market worth?+

The market size of electric drive unit in Asia Pacific reached USD 15.4 billion in 2023 and is set to witness 23.3% CAGR till 2032, led by the growing uptake of electric vehicles.

Why is the demand for electric drive units expanding in China?+

China market is projected to exceed USD 90 billion by 2032, propelled by government aid for electric vehicle adoption and high EV charging infrastructure development.

Who are the major Asia Pacific electric drive unit industry players?+

AISIN CORPORATION, AVL, Continental AG, Danfos, ElringKlinger AG, FRIWO Ger

Asia Pacific Electric Drive Unit Market Scope

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