세계의 OHV(Off-highway Vehicle)용 전기 부품 시장(2024-2035년)

Electrification Trends and Regulatory Frameworks in the Industry will Drive Transformational, Long-term Growth by 2035

The electric components industry within the off-highway segment has grown significantly in recent years, with a global market size of $7.05 billion in 2023. Frost & Sullivan projects a 12.8% compound annual growth rate (CAGR), reaching $30.04 billion in revenue in 2035. Factors driving the industry growth include BEV market growth (electric/hybrid), government incentives, technological advancements in battery/efficient drivetrain, sustainability/emission regulations, and cost-efficiency perspective for BEVs.

Frost & Sullivan forecasts that global electric/hybrid equipment unit sales will register a high CAGR of 13.4% between 2023 and 2035. For the same period, India, China, North America, and Europe will likely record strong CAGRs of 28.7%, 20.1%, 19.2%, and 13.2%, respectively, because of increased competition and technological advancements.

The electric components market is predominantly segmented into batteries, DC-DC converters, inverters, motors, and battery chargers. The market is competitive, with many manufacturers wanting a piece of the action. Eaton, AVL, Dana, Cascadia Motion, Moog Construction, Kreisel (John Deere), ABB, Bosch Rexroth, FPT Industrial, Modine, and TE Connectivity have a presence in multiple markets and offer a range of products. A trend that is characterizing the industry is toward more sustainable and efficient vehicles, with an increasing focus on reducing emissions and improving fuel efficiency. This trend is driving innovation, with manufacturers developing electrification and autonomous technologies.

Major innovations will likely be in the areas of system efficiency, battery and energy storage systems, thermal management systems, distribution units, battery swapping strategies, and charging infrastructure. Frost & Sullivan expects industry growth will be propelled by high-tech innovations, a sustainability push, and the need for electric equipment.

Table of Contents

Transformation in the Electric Components Market

• Why is it Increasingly Difficult to Grow?
• The Strategic Imperative 8™
• The Impact of the Top 3 Strategic Imperatives on the Electric Components in Off-Highway Industry

Global Economic Environment and Ecosystem

• Scope of Analysis
• Gross Domestic Product (GDP) Growth
• Competitive Environment
• Key Competitors: Global
• Global Construction Industry
• Global Mining Industry Outlook
• Global Agricultural Industry

Growth Generator

• Growth Metrics
• Growth Drivers
• Growth Restraints
• Forecast Methodology
• Unit Sales Forecast: Electric/Hybrid Equipment
• Unit Sales Forecast: Electric/Hybrid Equipment Regional Breakdown
• Unit Sales Forecast: Electric/Hybrid Equipment by Product
• EIO Forecast: Electric/Hybrid Equipment
• EIO Forecast: Electric/Hybrid Equipment Regional Breakdown
• EIO Forecast: Electric/Hybrid Equipment by Product
• Revenue Snapshot: Electric Components by Equipment
• Revenue Forecast: Electric Components

Electrification Challenges

• Challenges for Electrification in the Off-highway Industry
• Potential Solutions to the Current Challenges
• Electrification in the Agricultural Industry
• Beachhead Strategy

Regulatory Impact

• Global Battery Regulations: Overview
• Major Electrification Regulations: United States
• Major Electrification Regulations: Europe
• Major Electrification Regulations: India
• Major Electrification Regulations: China
• Major Electrification Regulations: RoW
• Net Zero Targets: Global Snapshot
• ESG Challenges in EV Components
• ESG Case Study: Dana Green Bond Strategy

Components and Architecture

• Major Components of Electric Construction Equipment
• Thermal Management System (TMS)
• Distribution Unit
• DC-DC Converter
• Battery: Key to Electric Equipment Transition
• Battery Swapping Strategy: A Pragmatic Approach
• Battery Pack Pricing Trend
• Schematic Comparison of Excavator: Diesel versus Hybrid versus Electric
• ICE, Hybrid Electric, and Battery Electric Excavators: Efficiency Perspective
• Energy Storage and Motor Technology Comparison
• Electric Excavator: Powertrain Schematics
• Inverters and Power Cables
• Hydrogen-powered Equipment Analysis
• On-board Charger Analysis
• Mobile Charging Equipment
• Battery Charging Times
• Mining Equipment Electrification Strategy

Market Landscape

• Electric Products: Major OEMs
• Major Participants in Individual Components, Solution Providers, and Aftermarket
• Mergers, Acquisitions, and Partnerships

Growth Opportunity Universe in

• Growth Opportunity 1: Electrification and Emission Reduction Solutions
• Growth Opportunity 2: Innovations in Electric Components to Drive Market Growth
• Growth Opportunity 3: Business Model Transformation

Best Practices Recognition

• Best Practices Recognition

Frost Radar

• Frost Radar

Next Steps

• Benefits and Impacts of Growth Opportunities
• Next Steps
• List of Exhibits
• Legal Disclaimer