Market Overview:
The global power system assembly market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs)/plug-in hybrid electric vehicles (PHEVs). The three-in-one main control power assembly segment is expected to dominate the market during the forecast period, owing to its high efficiency and low maintenance requirements. Asia Pacific is expected to be the fastest growing region in terms of revenue, followed by Europe.
Product Definition:
A power system assembly (PSA) is a collection of components that work together to provide electric power. The most important component of a PSA is the generator, which converts mechanical energy into electric current. Other components include transformers, switchgear, and transmission lines.
Three-in-one Main Control Power Assembly:
The three-in-one main control power assembly is a device that regulates and monitors the entire process of coal mining. It comprises of sensors, switches, relays and electronic boards which are used to carry out different operations in the coal mines such as opening & closing of gates, controlling ventilation fans & conveyors along with monitoring electric cables installed underground.
Four-in-one Main Control Power Assembly:
The four-in-one main control power assembly is used in the power system assembly market. The product is manufactured by ABB Ltd., aSwitzerland based company. It consists of four major components namely, control unit, battery, motor and switchgear.
Application Insights:
The global power system assembly market is segmented by application into battery electric vehicles (BEVs), hybrid electric vehicles (HEVs/PHEVs), and fuel cell electric vehicles (FCEVs). The BEV segment dominated the overall application market in 2017, owing to the growing demand for passenger cars in countries such as China, Japan, and Germany. Favorable government initiatives towards promoting the adoption of these eco-friendly automobiles are expected to drive this segment over the forecast period.
The HEV/PHEV segment is anticipated to witness significant growth over the forecast period owing to increasing consumer preference for these types of automobiles due to their ability to operate on a mix of gasoline and electricity. Growing concerns regarding air pollution have led governments across developed nations including U.S., Canada, UK, France and Germany toward promoting policies that will encourage consumers toward purchasing HEVs/PHEVs over conventional internal combustion engine powered passenger cars or light commercial Vehicles (LCVs).
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and investments in developing countries such as China, India, South Korea, and Japan. For instance, in 2015 China announced its 13th Five-Year Plan for Modern Comprehensive Energy System which includes phasing out of coal by 2020 and increase in share of nuclear power from 6% currently to 20% by 2020. Such government initiatives are expected to drive demand for APAC power system assembly over the forecast period.
Europe is also likely to witness significant growth during the same period owing to stringent emission norms implemented thereon Power System Assemblies (PSAs).
Growth Factors:
- Increasing demand for electric vehicles
- Growing investments in smart grid infrastructure
- Proliferation of renewable energy sources
- Rising concerns over climate change and energy security
- Development of next-generation power systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Power System Assembly Market Research Report
By Type
Three-in-one Main Control Power Assembly, Four-in-one Main Control Power Assembly, Five-in-one Main Control Power Assembly, Others
By Application
BEV, HEV/PHEV, FCEV
By Companies
Continental, Bosch, Denso, ZF Friedrichshafen AG, GKN, Schaeffler, Magna International Inc., BYD, Hitachi Automotive Systems, Dana, Continental, Invt Electric Vehicle Drive Technology (Shenzhen) Co., Ltd.
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Power System Assembly Market Report Segments:
The global Power System Assembly market is segmented on the basis of:
Types
Three-in-one Main Control Power Assembly, Four-in-one Main Control Power Assembly, Five-in-one Main Control Power Assembly, Others
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, HEV/PHEV, FCEV
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:
- Continental
- Bosch
- Denso
- ZF Friedrichshafen AG
- GKN
- Schaeffler
- Magna International Inc.
- BYD
- Hitachi Automotive Systems
- Dana
- Continental
- Invt Electric Vehicle Drive Technology (Shenzhen) Co., Ltd.
Highlights of The Power System Assembly 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:
- Three-in-one Main Control Power Assembly
- Four-in-one Main Control Power Assembly
- Five-in-one Main Control Power Assembly
- Others
- By Application:
- BEV
- HEV/PHEV
- FCEV
- 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 Power System Assembly 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Power System Assembly is a process that assembles the individual parts of a power system.
Some of the major players in the power system assembly market are Continental, Bosch, Denso, ZF Friedrichshafen AG, GKN, Schaeffler, Magna International Inc., BYD, Hitachi Automotive Systems, Dana, Continental, Invt Electric Vehicle Drive Technology (Shenzhen) Co., Ltd..
The power system assembly market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power System Assembly 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 Power System Assembly Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power System Assembly 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 Power System Assembly 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 Power System Assembly Market Size & Forecast, 2018-2028
4.5.1 Power System Assembly Market Size and Y-o-Y Growth
4.5.2 Power System Assembly Market Absolute $ Opportunity
Chapter 5 Global Power System Assembly 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 Power System Assembly Market Size Forecast by Type
5.2.1 Three-in-one Main Control Power Assembly
5.2.2 Four-in-one Main Control Power Assembly
5.2.3 Five-in-one Main Control Power Assembly
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power System Assembly 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 Power System Assembly Market Size Forecast by Applications
6.2.1 BEV
6.2.2 HEV/PHEV
6.2.3 FCEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power System Assembly 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 Power System Assembly 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 Power System Assembly Analysis and Forecast
9.1 Introduction
9.2 North America Power System Assembly 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 Power System Assembly Market Size Forecast by Type
9.6.1 Three-in-one Main Control Power Assembly
9.6.2 Four-in-one Main Control Power Assembly
9.6.3 Five-in-one Main Control Power Assembly
9.6.4 Others
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 Power System Assembly Market Size Forecast by Applications
9.10.1 BEV
9.10.2 HEV/PHEV
9.10.3 FCEV
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 Power System Assembly Analysis and Forecast
10.1 Introduction
10.2 Europe Power System Assembly 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 Power System Assembly Market Size Forecast by Type
10.6.1 Three-in-one Main Control Power Assembly
10.6.2 Four-in-one Main Control Power Assembly
10.6.3 Five-in-one Main Control Power Assembly
10.6.4 Others
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 Power System Assembly Market Size Forecast by Applications
10.10.1 BEV
10.10.2 HEV/PHEV
10.10.3 FCEV
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 Power System Assembly Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power System Assembly 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 Power System Assembly Market Size Forecast by Type
11.6.1 Three-in-one Main Control Power Assembly
11.6.2 Four-in-one Main Control Power Assembly
11.6.3 Five-in-one Main Control Power Assembly
11.6.4 Others
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 Power System Assembly Market Size Forecast by Applications
11.10.1 BEV
11.10.2 HEV/PHEV
11.10.3 FCEV
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 Power System Assembly Analysis and Forecast
12.1 Introduction
12.2 Latin America Power System Assembly 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 Power System Assembly Market Size Forecast by Type
12.6.1 Three-in-one Main Control Power Assembly
12.6.2 Four-in-one Main Control Power Assembly
12.6.3 Five-in-one Main Control Power Assembly
12.6.4 Others
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 Power System Assembly Market Size Forecast by Applications
12.10.1 BEV
12.10.2 HEV/PHEV
12.10.3 FCEV
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) Power System Assembly Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power System Assembly 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) Power System Assembly Market Size Forecast by Type
13.6.1 Three-in-one Main Control Power Assembly
13.6.2 Four-in-one Main Control Power Assembly
13.6.3 Five-in-one Main Control Power Assembly
13.6.4 Others
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) Power System Assembly Market Size Forecast by Applications
13.10.1 BEV
13.10.2 HEV/PHEV
13.10.3 FCEV
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 Power System Assembly Market: Competitive Dashboard
14.2 Global Power System Assembly Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental
14.3.2 Bosch
14.3.3 Denso
14.3.4 ZF Friedrichshafen AG
14.3.5 GKN
14.3.6 Schaeffler
14.3.7 Magna International Inc.
14.3.8 BYD
14.3.9 Hitachi Automotive Systems
14.3.10 Dana
14.3.11 Continental
14.3.12 Invt Electric Vehicle Drive Technology (Shenzhen) Co., Ltd.
