Asia Pacific Electric Drive Unit Market Size - By Vehicle type (BEV, HEV, PHEV), By Sales Channel (OEM, Aftermarket), By Coolant (Water Glycol, Oil Based) & Forecast, 2024 - 2032

Asia Pacific Electric Drive Unit Market Size - By Vehicle type (BEV, HEV, PHEV), By Sales Channel (OEM, Aftermarket), By Coolant (Water Glycol, Oil Based) & Forecast, 2024 - 2032

Asia Pacific Electric Drive Unit Market will observe a CAGR of 23.3% from 2024 to 2032, driven by innovation and growth from leading companies. With the sector at the forefront of technological innovation, companies are using state-of-the-art technologies to improve the performance, efficiency, and reliability of electromagnetic units (EDUs). For instance, in May 2024, Vitesco Technologies, with its upcoming CR-V e model, planned to launch it in the U.S. and Japan later this year. This marked the first time that Vitesco Technologies’ drive system was integrated into a hydrogen fuel cell electric vehicle (FCEV).

These innovations include advancements in equipment design, advanced battery technology and power electronics, Speed, and overall improved vehicle efficiency. Moreover, the shift towards electric vehicles (EVs) and hybrid electric vehicles (HEVs) in various sectors, including wind, aerospace, and maritime, is driving demand for EDU. As industry leaders and innovation frontiers continue to be pushed, the Asia Pacific electric drive unit market is poised for significant expansion.

The overall Asia Pacific Electric Drive Unit Industry size is classified based on sales channel, vehicle type, coolant, and country.

The HEV segment will witness significant growth from 2024 to 2032. HEVs combine internal combustion engines with electric propulsion, requiring high-performance and reliable electrical units (EDUs) to power the electrical components. Due to governments implementing stricter emissions regulations, consumers are gravitating towards more sustainable modes of transportation, and HEV demand continues to grow in Asia Pacific. Furthermore, there is an increase in the efficiency of electric drive units throughout Asia, driving market growth and innovation.

Asia Pacific electric drive unit market share from the aftermarket segment will register a remarkable CAGR from 2024 to 2032. As electric vehicles (EVs) grow in popularity, the need for additional components and infrastructure, including electric vehicles (EDUs), increases. The aftermarket segment caters to EV owners looking for maintenance, repair, and upgrade services for their vehicles. Advances in electric technology and the expanding EV market in the Asia Pacific are driving demand for aftermarket electric drive units. This provides opportunities for manufacturers and service providers to respond to growing market demand and offer innovative solutions to meet customer needs.

India electric drive unit market will exhibit a reasonable CAGR from 2024 to 2032. Ambitious national energy targets and growing environmental concerns are fueling the adoption of electric vehicles (EVs), resulting in high demand for electric vehicles (EDU). Additionally, government incentives and policies encouraging EV adoption further strengthen market growth. Also, the growing automotive industry and increasing consumer awareness of sustainability are driving demand for electric drive unit solutions. With India poised to become a key player in the global EV market, the demand for electric drive units in the Asia-Pacific is poised for significant growth.