Automotive Electric Vehicle Power System: Introduction

  • The power system of an electric vehicle comprises of two components; the motor, which provides the power to the transmission system, and the controller that controls the application of the power including the speed of the vehicle.
  • The electric vehicle controller operates as an intermediate device between the batteries and the motor to control the electric vehicle‘s speed and acceleration, similar to the function of the carburetor in a gasoline-powered vehicle. The AC motor controller converts the battery’s direct current into alternating current and regulates the energy flow from the battery to the power system of an electric vehicle.

Key Drivers of Global Automotive Electric Vehicle Power System Market

  • Rise in fuel prices and population is a key factor that drives the electric vehicle market. Vehicle manufacturers are emphasizing on the development of electric vehicles, which in turn is estimated to boost the automotive electric vehicle power system market across the globe. Major regions including Europe, Asia Pacific, and North America are focused on the development of zero-emission and noise-free vehicles, which in turn is estimated to boost the automotive electric power system market across the globe.
  • Increase in pollution due to increase in vehicle traffic and exhaust gases is likely to be a major factor that fuels the demand for electric vehicles, which in turn is anticipated to boost the automotive electric power system market. Major countries are emphasizing on the development of pollution-free smart cities, and electric vehicles are expected to be a viable option to make cities and urban areas pollution free. Joint ventures between various organizations to build charging infrastructure across the globe are anticipated to boost the automotive electric vehicle power system market.

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Europe and Asia Pacific to hold prominent share of global automotive electric vehicle power system market

  • Europe is projected to hold a major share of the global automotive electric vehicle power system market due to the high presence of automotive industries and enactment of stringent rules regarding emission norms in the region. Rise in demand for zero-emission vehicles across the region is estimated to boost the automotive electric vehicle power system market. Europe has presence of major original equipment manufacturers as well as Tier-1 suppliers, including Continental AG, Delphi Technologies, and Robert Bosch, who have major research and development facilities involving the powertrain system. This is estimated to propel the automotive electric vehicle power system market in Europe.
  • Followed by Europe, Asia Pacific is projected to account for a significant share of the automotive electric vehicle power system market, due to an increase in vehicle production and sale in the region. China has been the global leader in the sale of plug-in hybrid electric vehicle since 2015, which is projected to boost the automotive electric vehicle power system market in China.

Key Players Operating in Automotive Electric Vehicle Power System Market

The global automotive electric vehicle power system market is highly concentrated owing to the presence of top manufacturers. A few of the key players operating in the global automotive electric vehicle power system market are:

  • Continental AG
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG
  • Denso Corporation
  • Delphi Technologies
  • Mando Corporation
  • Johnson Electric Holdings Ltd
  • Mitsubishi Electric
  • Magna International Inc.
  • Hitachi Ltd.
  • Faurecia

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Global Automotive Electric Vehicle Power System Market: Research Scope

Global Automotive Electric Vehicle Power System Market, by Vehicle Type

  • Passenger Vehicle
    • Hatchback
    • Sedan
    • MPV
    • SUV
  • Commercial vehicle
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle

Global Automotive Electric Vehicle Power System Market, by Component

  • Motor Generator
  • High Voltage Battery
  • Controller
  • On Board Charger
  • Others (Auxiliary Power Unit)

Global Automotive Electric Vehicle Power System Market, by Operation

  • Automatic
  • Manual

Global Automotive Electric Vehicle Power System Market, by Electric Vehicle Type

  • Battery Electric Vehicle
  • Plug-in Hybrid Vehicle
  • Hybrid Electric Vehicle

Global Automotive Electric Vehicle Power System Market, by Power Supply Type

  • Series Hybrid Power System
  • Parallel Hybrid Power System
  • Series-Hybrid Power System

Global Automotive Electric Vehicle Power System Market, by Sales Channel

  • OEMs
  • Aftermarket

Global Automotive Electric Vehicle Power System Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

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Automotive Electric Vehicle Power System Market