Market Overview:
The global new energy vehicle drive system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles (BEVs and PHEVs) across the globe. Additionally, government initiatives and regulations supporting the adoption of new energy vehicles are also contributing to the growth of this market. The global new energy vehicle drive system market is segmented on the basis of type, application, and region. On the basis of type, it is divided into motor, controller, and transmission systems. The motor segment accounts for a major share in this market owing to its widespread use in electric vehicles. By application, it is classified into BEVs and PHEVs segments. The BEV segment dominates this market due to high demand for emission-free vehicles across all regions globally.
Product Definition:
A new energy vehicle drive system includes a motor, controller, and power storage device. The motor converts electrical energy from the controller into mechanical energy to drive the wheels of the vehicle. The power storage device stores electrical energy recovered from braking or deceleration to provide power for acceleration and hill climbing.
Motor:
The motor is the core component in any electric vehicle drive system. It is responsible for transferring energy from one place to another with the help of magnetic field and current flow. The usage of electric motors in hybrid vehicles has been a great success as they offer better fuel economy and performance than conventional engines.
Controller:
The controller is a device that regulates and monitors the performance of an electric vehicle drive system. The function of the controller is to convert the variation in power output from battery into appropriate torque for driving wheel. In addition, it helps in monitoring energy flow within electric vehicle drive system and determining areas for improvement through feedback control mechanism.
Application Insights:
The battery electric vehicle (BEV) segment dominated the global new energy vehicle drive system market in 2017 and is expected to continue its dominance over the forecast period. The increasing production of electric vehicles in countries such as China, Japan and Germany is expected to boost product demand. In addition, favorable government regulations regarding the use of Electric Vehicles in urban areas are further anticipated to propel industry growth over the coming years.
The plug-in hybrid electric vehicle (PHEV) segment accounted for a significant share of 21% in terms of revenue on account of growing demand for fuel efficient vehicles across various regions globally. PHEVs combine elements from both conventional cars & trucks as well as pure EVs; they have a gasoline engine that can start at 15 seconds and an electric motor that can provide power up to 15 minutes depending upon driving conditions.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is anticipated to witness significant growth over the forecast period. The region will grow from being a major consumer of electric vehicles to one of the major producers. China, Japan, and South Korea are among the top countries with large production capacities that can be attributed to their strong manufacturing base for electrical equipment as well as motor vehicles.
China has been at the forefront of promoting new energy vehicle drive systems in Asia Pacific owing to its aggressive policy regarding air pollution control coupled with rising concerns about global warming caused by carbon emissions from internal combustion engines (ICEs). In addition, growing demand for enhanced performance and efficiency due to rapid urbanization along with increasing per capita income is expected favorably impact industry growth over coming years.
North America was estimated as being worth USD X billion in 2017.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% from 2016 to 2020. This growth can be attributed to the increasing environmental concerns, government initiatives, and technological advancements in the electric vehicle industry.
- Development of advanced technologies: Key players are investing in research and development (R&D) activities to develop advanced technologies that can improve the performance of New Energy Vehicle Drive System products. For instance, in March 2017, Continental AG announced plans to invest €500 million (4 million) in R&D activities for developing new technologies related to autonomous driving, electrification, and digitalization over the next five years.
- Growing demand for hybrid vehicles: The global market for hybrid vehicles is expected to grow at a CAGR of more than 15% from 2016-2020 owing to the increasing fuel prices and stringent emission norms across different countries worldwide.
- 500) on each electric car sold in India .
Scope Of The Report
Report Attributes
Report Details
Report Title
New Energy Vehicle Drive System Market Research Report
By Type
Motor, Controller, Transmission
By Application
BEV, PHEV
By Companies
BYD, Broad-Ocean, Bosch, JEE, Hitachi, Jing-Jin Electric, Mitsubishi Electric, UAE, HASCO CO, MAGNA, ZF, Greatland Electrics, HEPU POWER, Founder Motor, Inovance Automotive
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global New Energy Vehicle Drive System Market Report Segments:
The global New Energy Vehicle Drive System market is segmented on the basis of:
Types
Motor, Controller, Transmission
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BEV, PHEV
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BYD
- Broad-Ocean
- Bosch
- JEE
- Hitachi
- Jing-Jin Electric
- Mitsubishi Electric
- UAE
- HASCO CO
- MAGNA
- ZF
- Greatland Electrics
- HEPU POWER
- Founder Motor
- Inovance Automotive
Highlights of The New Energy Vehicle Drive System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Motor
- Controller
- Transmission
- By Application:
- BEV
- PHEV
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the New Energy Vehicle Drive System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A New Energy Vehicle Drive System is a type of electric vehicle drivetrain that uses electricity to power the vehicles. This system is different from traditional gasoline and diesel engines, as it does not use combustion to create energy. Instead, the New Energy Vehicle Drive System uses an electric motor to power the vehicle. This system allows for more efficient use of energy and reduced emissions overall.
Some of the major players in the new energy vehicle drive system market are BYD, Broad-Ocean, Bosch, JEE, Hitachi, Jing-Jin Electric, Mitsubishi Electric, UAE, HASCO CO, MAGNA, ZF, Greatland Electrics, HEPU POWER, Founder Motor, Inovance Automotive.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 New Energy Vehicle Drive System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 New Energy Vehicle Drive System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 New Energy Vehicle Drive System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the New Energy Vehicle Drive System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global New Energy Vehicle Drive System Market Size & Forecast, 2020-2028
4.5.1 New Energy Vehicle Drive System Market Size and Y-o-Y Growth
4.5.2 New Energy Vehicle Drive System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Motor
5.2.2 Controller
5.2.3 Transmission
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 BEV
6.2.2 PHEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global New Energy Vehicle Drive System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 New Energy Vehicle Drive System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Motor
9.6.2 Controller
9.6.3 Transmission
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 BEV
9.10.2 PHEV
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Motor
10.6.2 Controller
10.6.3 Transmission
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 BEV
10.10.2 PHEV
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Motor
11.6.2 Controller
11.6.3 Transmission
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 BEV
11.10.2 PHEV
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Motor
12.6.2 Controller
12.6.3 Transmission
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 BEV
12.10.2 PHEV
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Motor
13.6.2 Controller
13.6.3 Transmission
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 BEV
13.10.2 PHEV
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 New Energy Vehicle Drive System Market: Competitive Dashboard
14.2 Global New Energy Vehicle Drive System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BYD
14.3.2 Broad-Ocean
14.3.3 Bosch
14.3.4 JEE
14.3.5 Hitachi
14.3.6 Jing-Jin Electric
14.3.7 Mitsubishi Electric
14.3.8 UAE
14.3.9 HASCO CO
14.3.10 MAGNA
14.3.11 ZF
14.3.12 Greatland Electrics
14.3.13 HEPU POWER
14.3.14 Founder Motor
14.3.15 Inovance Automotive
