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Water Glycol Based Electric Drive Unit (EDU) Market Trends

Report ID: GMI11019
Published Date: Aug 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of water glycol based electric drive unit reached USD 7.8 billion in 2023 and will grow at 19.6% CAGR from 2024 to 2032, propelled by rising financial incentives and substantial investments.

The OEM segment will record at over 19.7% CAGR through 2032, as OEMs are spearheading innovations in product design and development, investing significantly in research and development.

Asia Pacific market is anticipated to surpass USD 25.5 billion by 2032, driven by government initiatives promoting electric vehicle adoption.

Aisin Corporation, AVL, BorgWarner Inc, C.F.R. Srl, DANA TM4 INC, ElringKlinger AG, and Equipmake among others.