Electric vehicles offer an imperative solution for the reduction of emissions and fuel displacement within the current infrastructure. The connected energy management system in electric vehicles is a central energy management system that controls the energy flow for each system installed in the vehicle. It calculates the required energy for different systems, and then displays the required energy on the dashboard.

Growing concerns about environment safety and surging pollution levels coupled with rising prices of the fossil fuels, and extended government support to replace vehicles installed with internal combustion engines with electric motor vehicles is likely to propel the market growth substantially in the coming two to four years. Failure to deliver the performance, as delivered by the individual energy management systems is likely to inhibit the connected energy management systems market growth. Inability to charge electric vehicle is expected to affect electric vehicle market, which in turn is likely to affect the connected energy management systems market. The connected energy management system for electric vehicles is under development phase; hence the efficiency to distribute energy may be lower than the type of management systems used earlier.

The classification of the connected energy management system can be done on the basis of the allocation of the system, technology used in the system, type of display used for the system, types of vehicle, and region.

On the basis of allocation of the energy management system the connected energy management system for electric vehicles can be classified as centralized connected management system and decentralized connected energy management system. The centralized connected management system comprises a single management circuit board, which simultaneously controls all the components. While, the decentralized energy management system contains individual management systems to control each system, and further all the management systems are controlled by the single management system.

Based on technology the connected energy management system in electric vehicles market can be segregated into intelligent energy management system and a normal energy management system. The intelligent energy management system contains intelligent preinstalled features such as required energy evaluation for the ride, connection with GPS (Global Positioning System), which identifies the traffic conditions on the way and informs the driver about the required energy. The normal energy management system does not contain intelligent features, and it simply manages the energy supply and fulfills the requirement of each component installed.

In terms of type of display, the connected energy management system for electric vehicles market can also be segmented into analog and digital display. The analog system is utilized in order to reduce the cost of the vehicle. The analog system also does not reflect the measurements accurately. The digital display shows all the parameters in exact figures, and it is more expensive than the analog display.

Based on the type of vehicle, the connected energy management system for electric vehicles market can also be segmented into passenger vehicles and commercial vehicles. The Passenger vehicles segment can be further sub-segmented into hatchbacks, sedans, and multi utility vehicles. The commercial vehicles segment can be further split into light commercial vehicles and heavy commercial vehicles.

In terms of region, the connected energy management system for electric vehicles market can be segmented into Europe, Asia Pacific, North America, Latin America, and Middle East & Africa. Norway in Europe has the largest plug-in vehicle per capita in the world. China is an emerging market for electric vehicles, as the government of China is offering monetary benefits to buy electric vehicles. China accounted for the major market share in the recent past days followed by the United Kingdom and France. Hence the market for the electric vehicles is likely to grow at significantly in these regions.

Key manufacturers operating in the integrated starter generator market for the HEVs are Delphi Automotive LLP, Denso Corporation, Robert Bosch GmbH, Hitachi Ltd., AISIN SEIKI, Co., Ltd., BorgWarner Inc., Johnson Controls, Mitsubishi Electric Corporation, and Eaton.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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