Global Vehicle Power Distribution Market: Key Highlights
Global Vehicle Power Distribution Market: Key Market Dynamics
Global Vehicle Power Distribution Market: Regional Overview
The growth in the Asia-Pacific region is mainly attributed to the rising adoption towards safety systems and increasing sales and production of electric vehicles. This region has witnessed high usage of electronic systems due to the adoption of electric and autonomous vehicles in countries such as Japan, South Korea, and China. The growing adoption of electric vehicles and the growing purchasing power of the population increases the market growth for the vehicle power distribution market.
In Europe, the growing demand for luxury light-duty vehicles, the rising penetration of electric vehicles and using advanced electronic and safety systems in the vehicle have boosted vehicle power distribution market growth. The growing adoption of electric vehicle sales by automotive manufacturers present in countries such as Norway, Germany, UK, and France is further promoting the growth for automotive development.
Global Vehicle Power Distribution Market: Key Players Overview
Eaton is a diversified power management company, which provides energy-efficient solutions for electrical, hydraulic, and mechanical power. It operates through the following segments: electrical products, electrical systems and services, hydraulics, aerospace, vehicle, and eMobility. In October 2019, Eaton has introduced new flex power distribution unit (PDU) to deliver safe power for high-voltage electrified commercial vehicles. Flex PDU protects vital components but it’s also an intelligent unit that provides information to the original equipment manufacturer (OEM) via the Controller Area Network (CAN), where most power is being consumed to maximize efficiency and performance.
TE Connectivity is a Swiss-based company that manufactures and designs sensor products and connectivity solutions for various industries such as data communication systems, automotive, aerospace, medical, oil and gas, industrial equipment, consumer electronics, and energy. In June 2019, TE Connectivity completes its acquisition of KISSLING Elektrotechnik GmbH. With this acquisition, the company further expands Kissling’s range of products into its existing portfolio of hybrid and electric mobility solutions (HEMS).
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