Smart Electric Drive Market Size, Share, upcoming Trends, Growth and Key Players Analysis Research Report 2018 of 100 pages expands comprehensive information on Smart Electric Drive Market by by Component (Power Electronics, E-Brake Booster, Inverter, Motor, Battery), by application (e-Axle, Wheel drive), by drive type (Front wheel drive, Rear wheel drive, others), by battery type (Lithium-ion, Nickel-based, Lead acid and Solid state battery) and By Region – Forecast To 2023.
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Smart Electric Drive Market Companies Analyzed in report are:
Siemens (Germany), Robert Bosch (Germany), Continental (Germany), Aisin Seiki (Japan), Schaeffler (Germany), BorgWarner (US), Infineon (Germany), UQM Technologies (US), Efficient Drivetrains (US), Shanghai Edrive (China) and SINOEV (US).
The Smart Electric Drive market is majorly driven by the high demand for hybrid and electric vehicle, and the introduction of stringent rules and regulations by various governments. These governments plan to reduce carbon emission by promoting the use of electric vehicles. The government of various countries, all over the globe provide some kind of tax benefits and incentives to the original equipment manufacturers of electric vehicles, thereby driving the growth of the Smart Electric Drive market.
The global Smart Electric Drive market has seen remarkable growth in the global market and its demand in future is expected to grow with the CAGR of ~20%.
Based on applications, the global Smart Electric Drive market has been segmented as e-Axle and wheel drive. Among these, the e-axle segment is expected to grow with the highest growth rate during the forecast period. The growth of this segment can be attributed to various factors such as increasing focus on vehicle electrification, overall vehicle efficiency in passenger cars and increase in fuel economy.
Geographically, the global Smart Electric Drive market has been divided into four major regions of North America, Europe, Asia Pacific and Rest of the World. Europe region is expected to dominate the global Smart Electric Drive market over the forecast period owing to factors such as introduction of strict emission control regulations by the government in the region, the rapid advancements in the technology for batteries and the boom in the demand for electric, plug in hybrid and hybrid vehicles in the region.
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