Water Glycol Based Electric Drive Unit (EDU) Market Size - By Vehicle Type (BEV, HEV, PHEV), By Sales Channel (OEM, Aftermarket) & Forecast, 2024 – 2032

Water Glycol Based Electric Drive Unit Market Size

Water Glycol Based Electric Drive Unit Market size was valued at USD 7.8 billion in 2023 and is projected to grow at a CAGR of 19.6% from 2024 to 2032. The industry's growth is being significantly propelled by rising financial incentives and substantial investments in supporting infrastructure. These actions are being implemented by governments and policymakers worldwide as a strategic response to urgent concerns about environmental sustainability and the shift toward cleaner transportation alternatives.
 

The global transition to electric vehicles is a key factor driving market growth. As EV adoption accelerates, the demand for efficient and reliable electric drive units, including those with water-based systems, is on the rise. These units are essential for optimizing the performance and extending the lifespan of EVs. Moreover, ongoing technological advancements, particularly in battery efficiency and electric drive systems are further fuelling market expansion.?
 

Water Glycol Based Electric Drive Unit Market Trends

Stringent environmental regulations and government incentives supporting electric vehicles are driving the growth of the water glycol based electric drive unit industry. Policies focused on reducing carbon emissions and promoting sustainable transportation are central to this trend. Additionally, the rapid development of EV infrastructure coupled with consumer concerns about rising conventional fuel prices is boosting EV adoption, thereby generating significant demand for high-efficiency water glycol-based electric drive units.
 

Furthermore, increasing consumer awareness of the environmental impact of traditional vehicles and the advantages of electric vehicles is shaping market dynamics. As consumers increasingly choose EVs, the demand for efficient electric drive units continues to rise.
 

Water Glycol Based Electric Drive Unit Market Analysis

Based on vehicle type, the market is segmented into BEV, HEV, and PHEV. The BEV oil-based EDU market is projected to surpass over USD 17.1 billion by 2032. Continual advancements in enhancing battery operational capabilities including improved energy storage capacity along with the expansion of charging infrastructure are key factors driving the increasing deployment of BEVs in recent years.
 

Based on sales channel, the market is divided into OEM & aftermarket. The OEM industry will grow at CAGR of over 19.7% through 2032. OEMs are spearheading innovations in product design and development, investing significantly in research and development to create cutting-edge solutions that improve the performance, efficiency, and reliability of electric vehicles (EVs).
 

The Asia Pacific water glycol based electric drive unit market is anticipated to surpass over USD 25.5 billion by 2032. Automakers in developing nations like China, India, and Indonesia are making significant investments in researching and developing components for electric drive unit systems, as a result, the economies are also placing a strong emphasis on developing the necessary infrastructure. The competitive landscape features a blend of established OEMs and emerging startups both of which are driving advancements in electric drive unit technology.
 

Government initiatives promoting electric vehicle adoption and the establishment of EV charging stations have significantly fuelled industry growth. This expansion can be primarily linked to rising energy costs and a heightened demand for energy-efficient solutions. Furthermore, nations like the U.S. and Canada are poised for accelerated growth driven by stringent policies endorsing electric vehicles and a concerted effort to minimize carbon footprints.
 

Water Glycol Based Electric Drive Unit Market Share

Leading market players, including BorgWarner Inc., GKN Automotive Limited, LG Magna e-Powertrain, Schaeffler AG, and Vitesco Technologies GmbH are at the forefront of the industry. Their dominance is driven by a strong brand reputation, technological innovation, reliability, and high levels of customer satisfaction, solidifying their position as preferred manufacturers and suppliers in the sector.
 

Water Glycol Based Electric Drive Unit Market Companies

Some of the key market players operating across the water glycol based electric drive unit industry are:

• Aisin Corporation
• AVL
• BorgWarner Inc.
• C.F.R. Srl.
• DANA TM4 INC.
• ElringKlinger AG
• Equipmake
• FRIWO Gerätebau GmbH
• GKN Automotive Limited
• hofer powertrain
• Integral Powertrain Limited
• LG Magna e-Powertrain
• Magna International Inc.
• Magnetic Systems Technology Limited
• MAHLE Polska Sp. z o.o
• Nidec Corporation
• Punch Powertrain nv
• Robert Bosch GmbH
• Saietta Group
• Schaeffler AG
• Vitesco Technologies GmbH
• Voith GmbH & Co. KGaA
• ZF Friedrichshafen AG
• Zytek Automotive Ltd
   

Water Glycol Based Electric Drive Unit Industry News

• In January 2024, Hofer powertrain and VisIC Technologies Ltd. have partnered to develop gallium nitride (GaN)-based, high-frequency inverters for 800V applications in electric vehicles (EVs). These inverters are designed to be smaller, more cost-effective, and more efficient, meeting the demands of the growing EV market. Additionally, the technology offers significantly improved switching speeds and a smaller, lighter package, thereby reducing the overall system cost.
   
• In April 2023, hofer powertrain inaugurated a new facility in the Austrian capital to provide local and global support to customers and expedite innovations in electric drive technology. The company’s new facility specializes in inverter, software, system, and electric motor development, catering to individual needs of automotive customers and implementing high-performance drive technology. It is intended to fulfill the growing market trends for 800V and higher voltages, addressing the demands for faster charging, increased power density, improved efficiency, and reduced production costs.
   

The water glycol based electric drive unit (EDU) market research report includes an in–depth coverage of the industry with estimates & forecast in terms of volume in ‘Units’ and revenue in ‘USD Billion’ from 2021 to 2032, for the following segments:

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Market, By Vehicle Type

• BEV
• HEV
• PHEV

Market, By Sales Channel

• OEM
• Aftermarket

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico 
• Europe
  • Norway
  • Germany
  • France
  • Netherlands
  • UK
  • Austria
  • Belgium
  • Denmark
  • Finland
  • Ireland
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Hong Kong
  • New Zealand
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina