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Electric Drive Module Market Report
Electric Drive Module (eDM) Market Size, Share, Trend, Forecast, & Competitive Analysis: 2019-2025
This decade is proving to be the most disruptive for the automotive industry with key trends, such as alternative vehicles, autonomous vehicles, shared vehicles, and connected vehicles, are primarily transforming the industry. Among all, alternative vehicles, especially electric vehicles, earned the most traction in the industry, owing to their zero-emission feature. The sheer interest of the non-automotive companies, such as Google and Apple, for the development of electric vehicles further augments the positive outlook of the electric vehicles in the coming years.
To make electric vehicle a more viable option for customers, automakers have rigorously been working for the development of efficient infrastructure, supply chain as well as high-performance and cost-effective components. Among many developments, One of the most promising achievements is the development of electric drive module (eDM). Electric vehicle powertrain has significantly evolved in the past few years, as researchers and manufacturers in the industry are paying significant attention and interest in the development of efficient powertrain solution for electric vehicles.
Electric drive module offers, a compact, highly integrated, and an all-in-one solution for the electric vehicle powertrain. The main three components (electric motor, power electronics, and transmission) of an electric powertrain are integrated into a single module in order to deliver improved performance and to omit many components, such as connectors, cables, and hydraulic connections.
The electric drive module market is a multi-million-dollar business today and its size is estimated to grow to multi folds over the next seven years to reach US$ 10.7 billion in 2025. The expected journey of eDM from the current multi-million-dollar business to two-digit billion-dollar opportunity is primarily propelled by a magnificent growth in the demand for electric vehicles, owing to increasing adoption of electric vehicles over ICE vehicles, coupled with superior benefits of eDMs. This integrated system delivers high power-to-size ratio, excellent cost effectiveness, high system efficiency, excellent durability, and weight saving. It is a suitable claimant addressing the challenge of procuring individual components from a different supplier and further assembling of each component in the electric vehicle.
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The global electric drive module market is segmented based on the powertrain type as BEVs and PHEVs. BEVs are likely to remain the growth engines of the market during the forecast period. Increasing production of BEVs, especially from Tesla and Nissan, and an entry of other new start-ups and existing OEMs in the BEV segment are the major factors propelling the demand for eDMs in the vehicle type segment. Increasing penetration of eDMs and recent advancements, such as the development of 5th generation electric powertrain by BMW, are likely to drive the market in the PHEV segment during the same period.
Based on the peak power type, the eDM market is segmented into <150 KW and >150 KW. >150 kW type is projected to remain the most dominant segment over the next five years, whereas <150 kW type is expected to witness a higher growth over the same period. >150 kW-based eDM currently founds usage in all the models of Tesla. Expected penetration of eDMs in MHCVs is further likely to boost the demand for >150 kW-based EDM in the future.
Based on the region, the Americas is projected to remain the largest market for eDMs during the forecast period. The USA is likely to remain the growth engine of the region’s market, owing to the presence of assembly house of the major electric vehicle OEMs, such as Tesla and Nissan, stringent emission standards from the regulatory bodies, and increasing penetration of electric vehicles.
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At present, EMEA (Europe, Middle East, and Africa) is the second-largest market for eDMs. The UK and Germany are the two major contributors in the EMEA’s eDM market, owing to the presence of major auto OEMs and significant investment towards research & development to enhance electric powertrain.
Asia-Pacific is expected to witness the highest growth during the forecast period, owing to increasing adoption of electric vehicles in the economies, such as China, Japan, and South Korea, to curb fuel emission as well as targeting exports.
Electric Drive Module aids in achieving synergy effects by integrating power electronics and next-generation motor-generator together in a system. This electric module is specially designed for electric vehicles, It can be also said that they offer the facilities of electric powertrain for electric as well as hybrid vehicles.
Electric Drive Module is not just compact, scalable, and versatile. It is also very much cost-effective as the cost of connecting cables and other components can be saved.
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Research Scope |
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|---|---|
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Trend & Forecast Period |
2013-2025 |
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Size in 2025 |
US$ 10.7 billion |
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Forecast |
33.9% CAGR during 2019-2025 |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Countries/Subregions Covered |
The USA, The UK, Germany, China, Japan and Others |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The Electric Drive Module Market is segmented in the following ways:
The supply chain of this market comprises raw material suppliers, component manufacturers, tier players, and OEMs.
The key players in the eDM market are-
Development of compact design and close work with EV OEMs are some of the strategies adopted by the key players in order to gain a competitive edge in the market.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects the current electric drive module (eDM) market realities and future market possibilities for the forecast period of 2019 to 2025 based on the study of current penetration of eDM in different vehicle types as well as forecast its expected penetration by 2025. The report is first in its kind and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies in order to expedite their growth process.
The following are the key features of the report:
Driven by a number of factors magnificent growth in the demand for electric vehicles, the electric drive module market size is projected to reach an estimated value of US$ 10.7 billion in 2025.
in terms of region, Asia-Pacific is expected to witness the highest growth during the forecast period.
BEVs is projected to remain the most dominant powertrain type in the market during the forecast period.
Tesla Inc., Nissan Motor Co., Ltd., BorgWarner Inc., Continental AG, Magna International, Inc., GKN Driveline, Robert Bosch GmbH, and Siemens AG. are among the key players in the electric drive module market.
>150 kW type is expected to remain the dominant segment in the electric drive module market in the coming years.
The supply chain of this market comprises raw material suppliers, component manufacturers, tier players, and OEMs.
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