Europe EV Components Market 2022-2027

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    EUROPE EV COMPONENTS MARKET

     

    INTRODUCTION

    Electric cars (EV) are gradually has become part of modern society; its excellent fuel efficiency, environmental, and pleasant driving experience have piqued the interest of many environmentally aware modern customers.

     

    EVs are not the same as typical automobiles powered by internal combustion engines. The two groups differ in many ways, from the underlying mechanism and working principle to usage and maintenance procedures.

     

    Recognizing such distinctions should ideally have been the first step in a customer determining their enthusiasm in EVs.

     

    This same electric vehicle has been the only source of energy to propel the car’s wheels in a series hybrid. The automobile, as the name implies, operates on an electric motor until the battery output falls below a particular level, during which point the gasoline engine powers in to power a motor/generator that drives the car.

     

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    In an instalment HEV system, the engines can then either drive the tires immediately or be effectively removed from the tires, as in a series drivetrain, so that only the electric motor powers the wheels.

     

    This dual powertrain performs more like a series vehicle at lower speeds, but at higher speeds, when the series powertrain is less economical, the engine takes control and energy waste is minimised.

     

    Massive battery packages made up of multiple of cells put in the vehicle and providing roughly 400 V of electricity are used to power the electric engines.

     

    A battery management system (BMS) manages and monitors the battery packs, and they are charged via an on-board AC/DC conversion modules, with voltages ranging from 110 V single-phase to 380 V three-phase systems.

     

    EUROPE EV COMPONENTS MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Minda Industries forms JV with Germany’s FRIWO for manufacturing EV components Auto components maker Minda Industries Ltd (MIL) has entered the JV with FRIWO AG Germany for the next 6 years. Europe – Germany This would enhance better Technologies and production

     

    EUROPE EV COMPONENTS MARKET DYNAMICS

    The power management system is an essential component of overall Hybrid vehicles and EV design. It must not only lengthen the battery’s life, but it can also increase the vehicle’s probable range.

     

    The capacitors State of Health (SoH), State of Charge (SoC), and Depth of Discharge (DoD) are continually monitored.

     

    To ensure the extended service battery life, an inbuilt battery management and security system regulates battery condition while charging and draining. All of the components required for voltage and power monitoring, communication isolation, and security management are integrated into battery monitoring equipment.

     

    The industry is being pushed by additional government activities to promote electric vehicle adoption, a greater emphasis on extending electric car charging stations, and a rising desire for public fleet digitalization.

     

    Electric cars have an electric motor that propels the vehicle. These cars are divided into two types: battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) (PHEV).

     

    A BEV is a zero-emission automobile that is powered only by a battery and an electrically powered motor, rather than an internal combustion engine (ICE).

     

    The batteries may be replenished by plugging it into a power outlet. Government interventions such as pushing electric vehicles to reduce pollution from conventional vehicles are driving significant growth in the electric vehicle component industry.

     

    People are gravitating toward e-vehicles as pollution levels rise and the cost of fossil fuels rises, resulting in explosive development in the electrical vehicles component industry. The use of a basic DC motor decreases vehicle maintenance costs, which is a primary driving force in the electric car component industry.

     

     

    EUROPE EV COMPONENTS MARKET SEGMENTATION

    The Europe EV Components Market can be segmented into following categories for further analysis.

    By Application

    • Passenger Vehicles
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles

     

    By Technology of Application Type

    • Primary Components
    • Batteries
    • Electric Motor
    • Motor Controller
    • Secondary Components
    • Electric Brakes
    • Monitoring displays

     

    By Usage Application Type

    • Cars
    • Rickshaws
    • Motorcycles
    • Bicycles
    • Trucks

     

    By Regional Classification

    • Austria
    • Belgium
    • Bulgaria
    • Croatia
    • Republic of Cyprus
    • Czech Republic
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Greece
    • Hungary
    • Ireland
    • Italy
    • Latvia
    • Lithuania
    • Luxembourg
    • Malta
    • Netherlands
    • Poland
    • Portugal
    • Romania
    • Slovakia
    • Slovenia
    • Spain
    • Sweden

     

    RECENT TECHNOLOGICAL TRENDS IN EUROPE EV COMPONENTS MARKET

    In the twentieth century, battery technology the electrical systems which maintain EVs running and safe and electric motor efficiency were limiting elements that pushed against EV development.

     

    Continuous advancements in each of these breakthroughs, such as the development of lithium-ion batteries, cleared the path for a significant increase in EV development and customer adoption.

     

    New materials, like as silicon carbide, have permitted breakthroughs in legacy silicon technology, promising much more for boosting EV economy and power use.

     

    There has been a much-required technology being focused upon the Motor technologies in the market. This electric motor is predicated on a revolutionary architecture known as TSRF (Trapezoidal Stator Radial Flux).

     

    The first versions of the industry’s lightweight and small TSRF motor have been created and tested effectively. In collaboration with automotive OEMs and Tier 1s, EVR anticipates that their innovative motor technology will be adaptable to a broad spectrum of products.

     

    Later this year, a manufacturing motor will be released to the worldwide market. The innovative motor becomes less than halfway the physical size of current framework RFPM (Radial Flux Permanent Magnet) motors of comparable power.

     

    Improved power and torque densities, and also lower production costs, will be possible with the TSRF motor architecture.

     

    The neodymium-based actuators outperform traditional RFPM motors while being much less expensive. The business claims that when supplied in low-cost, rear-earth-free, Ferrite-based variants, the new motor surpasses induction motors in a comparable price range.

     

    EVR has tested an experimental traction powertrain intended for two – dimensional and three electric vehicles.

     

    The air-cooled motors outperformed other compact, air-cooled radial flux motors by delivering best-in-class peak power of 17 – 18 kW and torque of 40 Nm from a 2-liter capacity carrying just 9 Kg.

     

     

    COMPETITIVE LANDSCAPE

    Advances in fuel economy, conformity with pollution standards, and worldwide environmental safety protocols are now becoming necessary criteria for today’s cars.

     

    Various firms are operating as effective system offering electric powertrains for electric and hybrid and other electric cars to assist satisfy these developing criteria for sustainable transportation. 

     

    Electric propulsion systems are growing smaller and lighter as cars improve, while increasing conversion efficiency. These will continue to develop in order to provide worldwide transportation that is consistent with the ecosystem.

     

    Hitachi Automotive Systems Limited is a leading developer of the electric vehicle components in the market. They are focused on providing a large-scale integration of technologies.

     

    It has been improvising various High performance Control Circuits for EVs in the market. Onboard converters necessitate high-performance vector control functions that make advantage of changing voltage, current, and switching frequency as required by the fundamental operations of the electric motor to begin, pick up speed, and halt.

     

    Such converters must also possess superior, high-speed communication, outlier detection, voltage protection, malfunction diagnostics, and functional safety through Controller Area Network (CAN) or Flex Ray.

     

    It has also been focusing on the design optimisations of the motor requirements in the EVs. For the armature winding on the basic motor, wave winding with square wire was used to achieve minimal size and high torque density.

     

    ZF has been part of the EV axle improvisations in the market. It has developed the Electric Axle Drive rated at 150 kW in the market.

     

    A proposal for ecologically sustainable driving by using motor shaft as a centre of the machine and constructing a shared central enclosure with either a covering on the gearbox and electric motors sides leads in a number of practical improvements.

     

    The reduction of ZF electric axle drives’ bushings and connections leads in improved performance in terms of power consumption and modulation index.

     

    In line with the required specifications, ZF designs, fine-tunes, and tests the axle, along with the electrical motor. Depending on the application, numerous axle types might be utilised in the procedure. ZF offers a customizable rear axle design based on critical customer specifications for this function.

     

    COMPANIES PROFILED

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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