Electric Vehicle (EV) Transmission Market Profit margin, sales, market size, key Venders and forecast period 2019-2026
According to a recent report published by KD
Market Insights, titled, "Electric
Vehicle (EV) Transmission Market by
Transmission Type, Vehicle Type, and Transmission System: Global Opportunity
Analysis and Industry Forecast, 2018-2026," the global electric vehicle
(EV) transmission market size was valued at $2.52 billion in 2018, and is
projected to reach $15.38 billion by 2026, registering a CAGR of 25.8% from
2019 to 2026.
Asia-Pacific dominates the market, followed by
Europe, North America, and LAMEA. China dominated the global electric vehicle
(EV) transmission market share in 2018, whereas India is expected to grow at a
significant rate in the Asia-Pacific during the electric vehicle (EV)
transmission market forecast.
Electric vehicles are unique in terms of
transmission as they do not have the feature of multi-speed gearbox such as the
conventional petrol or diesel vehicles. Electric vehicle can work on single
gear and exhibit significantly fast acceleration. For instance, The Tesla Model
S Performance can reach from 0-60mph in just 2.4 seconds, which makes it faster
than most of the supercars present in the market. Typically, electric vehicles
can make revolutions up to 20,000rpm, which is much higher than the common
4,000-6,000rpm limit that is found in conventional cars. The important
advantage of electric vehicles is that they are power efficient throughout this
rev range, which means that they do not have to be in a small narrow rev band
to achieve optimum performance.
It is true that electric vehicle works on a
single gear system however, there are some applications where electric vehicles
comes with multi speed gear box. In Formula E, the series of electric
single-seater race, there are teams that incorporated use of multi speed
gearbox for the vehicles.
Manufacturers in electric vehicle (EV)
transmission market are launching new transmission systems with
advancements and innovations in the system. For instance, an engineering firm
named GKN Driveline launched new two-geared eTwisterX electric driveline. This
system is significantly smaller and is designed to fit from small cars such as
VW e-up! To the large plug-in hybrid vehicles such as Mitsubishi Outlander
PHEV. In addition, introduction of second gear allows faster acceleration and
top-speed than single speed electric drive units. Electric vehicle operates in
the first gear for low-speed acceleration, which helps the launch quicker. When
on the motorway, the vehicle is projected to automatically shift to the second
gear for higher top speed.
Transmission manufacturers for electric
vehicles are introducing new multi speed transmission in the market with added
features and advancements, which in turn will propel the growth of EV
transmission market. For instance, on July 19, 2019, ZF Friedrichshafen AG
introduced new electric two-speed drive solution for passenger cars in the
market. ZF developed the new system with maximum power rating of 140 kW and two
stage shift elements. In addition, vehicle with two-speed gear drive consume
less energy due to which the range is extended by 5% as compared to the
single-speed drive. This new two-speed drive offer two options for vehicle
manufacturer to improve the energy conversion efficiency. The original
equipment manufacturer (OEM) can either use a small accumulator or opt for
extended range while adopting the same size of accumulator.
Browse Full Report & TOC: https://www.kdmarketinsights.com/product/electric-vehicle-transmission-market-amr
Factors such as rise in demand for fuel
efficient and low-emission vehicles and increase in production of electric
vehicles are driving the growth of the electric vehicle (EV) transmission
market. In addition, government initiative to support adoption of electric
vehicle is anticipated to boost the growth of the market. However, high cost of
electric vehicles hampers the growth of the electric vehicle (EV) transmission
market. Furthermore, technological advancements in electric vehicles and
incorporation of Vehicle-To-Grid (V2g) EV charging stations are expected to
provide remarkable growth opportunities for the key players operating in the
electric vehicle (EV) transmission industry.
Key Findings of the Electric Vehicle
(EV) Transmission Market:
- Based on transmission type, the multi speed
segment is expected to grow at a lucrative growth rate in EV transmission
market.
- Based on vehicle type, the plug-in hybrid electric vehicle segment is expected to experience remarkable growth during the forecast period.
- Based on transmission system, the AMT Transmission segment is anticipated to exhibit the highest CAGR during the forecast period.
- Based on region, Asia-Pacific contributed the highest electric vehicle (EV) transmission market revenue in 2018, followed by Europe, North America, and LAMEA.
- Based on vehicle type, the plug-in hybrid electric vehicle segment is expected to experience remarkable growth during the forecast period.
- Based on transmission system, the AMT Transmission segment is anticipated to exhibit the highest CAGR during the forecast period.
- Based on region, Asia-Pacific contributed the highest electric vehicle (EV) transmission market revenue in 2018, followed by Europe, North America, and LAMEA.
The key players in
electric vehicle (EV) transmission market analysis are Aisin Seiki Co., Ltd.,
Allison Transmission Inc., AVL List GmbH, BorgWarner Inc, Continental AG, Dana
Limited, Eaton, JATCO Ltd., Schaeffler Technologies AG & Co. KG, ZF
Friedrichshafen AG, and others
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