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.