Smart e-Drive Market worth 1,468.2 Million USD by 2022

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MarketsandMarkets Presents
Smart e-Drive Market worth 1,468.2 Million USD by
2022
http//www.marketsandmarkets.com/Market-Reports/sm
art-e-drive-market-208155014.html
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The report "Smart e-Drive Market by Component
(Power Electronics, E-Brake Booster, Inverter,
Motor, Battery), Application (E-Axle, Wheel
Drive), Vehicle Type (BEV, HEV, PHEV, Electric
Bus, Truck), Drive (FWD, RWD, AWD), and Region -
Global Forecast to 2022", The smart e-drive
market for automotive, by value, is projected to
grow at a CAGR of 32.00 from 2017 to 2022, to
reach USD 1,468.2 Million by 2022. Factors such
as rising focus on stringent CO2 emissions norms,
vehicle weight reduction, government initiatives,
and increase in sales of green vehicles are
projected to fuel the demand for smart e-drive
technologies. Browse 113 Market Data Tables
and 59 Figures spread through 169 Pages and
in-depth TOC on "Smart e-Drive Market by
Component (Power Electronics, E-Brake Booster,
Inverter, Motor, Battery), Application (E-Axle,
Wheel Drive), Vehicle Type (BEV, HEV, PHEV,
Electric Bus, Truck), Drive (FWD, RWD, AWD), and
Region - Global Forecast to 2022" http//www.mark
etsandmarkets.com/Market-Reports/smart-e-drive-mar
ket-208155014.html Early buyers will receive 10
customization on reports.
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Battery market to be the largest market among
smart e-drive components Battery is the power
source for any smart e-drive system. Presently,
battery costs almost one third of the total BEV
price. It is observed that the battery price has
shown a decline of 20 from 2011 to 2016. Hence,
considering the rapid improvements in the battery
technology, the price of the battery is projected
to decrease significantly over the period of next
five to eight years. OEMs and battery
manufacturers are working towards development of
high energy density battery to deliver more
distance coverage on a single charge. Lithium-ion
batteries are the most widely used battery
technology in electric, hybrid, and plug-in
hybrid electric vehicles for their features like
low self-discharge, good high temperature
efficiency, high energy performance, and high
power-to-weight ratio compared with other battery
technologies such as lead acid and Nickel-Metal
Hybrid. Since the automotive industry is moving
towards electric and hybrid vehicles, the battery
market is booming. http//www.marketsandmarkets.
com/Market-Reports/smart-e-drive-market-208155014.
html
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E-Wheel drive market to grow at the fastest pace
in the smart e-drive market With the rising
concerns about the factors like zero emission,
vehicle weight reduction, and the need for space
for other applications, the demand for e-wheel
drive is likely to increase in the near future.
E-Wheel drive is directly mounted on the wheel
rim, which houses the brakes, motor, inverter,
and power electronics fitted inside the rim.
Presence of large number of EV manufacturers
and strict emission regulations would drive the
European smart e-drive market The European
region is estimated to be the fastest growing
smart e-drive market during the forecast period.
The market growth in the region can be attributed
to the presence of many established manufacturers
such as GKN (UK), ZF Friedrichshafen (Germany),
Robert Bosch (Germany), MAHLE (Germany),
Continental (Germany), and Siemens (Germany).
Also, the strict emission regulations, rapid
improvement in battery technology, and increasing
demand for electric, hybrid and plug-in hybrid
electric vehicles will boost the market for smart
e-drive in the region. http//www.marketsandmarke
ts.com/Market-Reports/smart-e-drive-market-2081550
14.html
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• The key players in the food robotics market
  include
• GKN 
• Magna 
• Continental 
• Siemens 
• Schaeffler 
• ZF Friedrichshafen 
• http//www.marketsandmarkets.com/Market-Reports/sm
  art-e-drive-market-208155014.html

• Mahle 
• Robert Bosch
• Borgwarner 
• Hitachi 
• Hyundai Mobis
• Aisin Seiki

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