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BEV Electric Drive Unit Market Trends

Report ID: GMI9912
Published Date: Jun 2024
Report Format: PDF

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BEV Electric Drive Unit Market Trends

The BEV electric drive unit (EDU) industry is experiencing a period of transformation driven by several key trends including shifting focus towards powertrain diversification which is driving the adoption of BEVs across the globe. Manufacturers are moving away from a one-size-fits-all approach, recognizing the need for configurations tailored to different vehicle types. This means a wider range of EDU options will be available, optimized for specific power and efficiency requirements, catering to everything from high-performance sports cars to budget-friendly sedans.

In addition, rising technological advancements & software integration across electric vehicles including control algorithms which are being developed to optimize motor performance, thermal management, and overall energy efficiency are significantly contributing to the market growth.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of BEV electric drive unit reached USD 8.7 billion in 2023 and will witness 22.7% CAGR from 2024 to 2032, owing to factors including stricter emission regulations, rising consumer preference for eco-friendly transportation

The OEM segment in the BEV electric drive unit industry will exceed USD 39.5 billion by 2032, driven by surging EV demand along with rising concerns to reduce the conventional fuel vehicles.

Asia Pacific market is anticipated to grow at over USD 30 billion by 2032, led by rising production capacity for BEVs and advancements in battery technology.

Magnetic Systems Technology Limited, MAHLE Polska Sp. z o.o, Nidec Corporation, Nissan Motor, Punch Powertrain nv, Robert Bosch GmbH, Saietta Group, and Schaeffler AG among others.