Oil Management Module Market for EV Introduction
The oil management module for an electric vehicle comprises an electric oil pump, filter, and thermal management system as an integrated unit, which cools and lubricates the electric motor and transmission. The oil management module ensures minimal pressure loss and has a lightweight design owing to fewer mountings and assemblies.
Oil Management Module Market for EV - Competitive Landscape
In May 2019, MAHLE GmbH launched the oil management module for EVs. The company’s new oil management module for alternative powertrains offers flexibility on selection of type, size, and power rating of pump and reduces risk of foaming.
Founded in 1920, MAHLE GmbH is a leading manufacturer in the automotive industry. The company operates under four segments: Engine systems and components, filtration and engine peripherals, aftermarket and thermal management. The company has a global presence with 160 production facilities worldwide. MAHLE GmbH is a leading supplier of components to electric vehicles and a pioneer of the oil management module.
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Oil Management Module Market for EV Dynamics
Rise in demand for enhanced cooling performance to drive the oil management module market for EV
Hybrid and plug-in hybrid electric vehicles have a comparatively smaller IC engine and are partly driven by electric motors. Demand for heat dissipation and lubrication is considerably higher, as the engines are more compact. Increasing sales of hybrid and plug-in hybrid vehicles is boosting the demand for oil management module. Oil management has become highly crucial in electric vehicles, as oil and lubricants are likely to come in contact with electric modules and copper wire, which may lead to system failure. Adoption of an integrated oil management module would enable to overcome such challenges and maintain proper thermal and lubrication for electric vehicle systems.
Rise in sales of electric vehicles to drive the oil management module market for EV
Lucrative monetary incentives and other on-monetary perks offered by governments, such as free parking and special driving lane, are boosting sales of electric vehicles worldwide. Rising adoption of electric vehicles in public transport in China and Nordic countries, such as Norway and Sweden, is propelling the oil management module market for EV.
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Oil Management Module Market for EV Segmentation
Based on the electric vehicle type, the oil management module market for EV can be segmented into
- Battery Electric Vehicle
- Plug in Hybrid Vehicle
- Hybrid Electric Vehicle
Based on the component type, the oil management module market for EV can be classified into
- Electric Oil Pump
- Thermal Management System
Based on the vehicle type, the oil management module market for EV can be split into
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Based on the sales channel, the oil management module market for EV can be bifurcated into
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