Power management supplier Eaton said it was focusing on increasing demand for high-voltage electrified vehicle technology with the creation of its new eMobility business.
It will specialise in intelligent power electronics, power systems, and advanced power distribution and circuit protection to capitalise on a global vehicle electrification market projected to grow to 15m pure battery-electric vehicles and another 30m hybrids, from mild to plug-in, by 2030.
Go deeper with GlobalData
eMobility was formed by combining products, expertise and global manufacturing capabilities from Eaton's electrical and vehicle groups.
The supplier plans to spend US$500m over the next five years to develop new products and technology, including smart diagnostics, intelligent power electronics and predictive health monitoring for passenger car, commercial vehicle and off-highway customers.
Eaton, which claims to be a leader in vehicle electrification, has over 15 years of expertise in developing hybrid systems with more than 15,000 HEV and PHEV systems on the road in the US, Europe, China and Asia-Pacific markets. It also has high-voltage, fast-acting fuses in nearly half of global electrified cars, and power electronics on an undisclosed European battery-electric vehicle platform.
See Also:
"Our understanding of the unique needs of vehicle customers, along with our experience in transmissions and power electronics [for hybrids], gives us a distinct advantage versus other suppliers," claimed Jeff Lowinger, president, eMobility.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData"Customers using Eaton hybrid systems have collectively accumulated an estimated 2bn miles of clean, reliable service."
eMobility focuses on intelligent power electronics, power systems, and advanced power distribution and circuit protection. The power distribution and protection category includes fuses, supercapacitors and power distribution units (PDUs), while converters and on-board chargers fall under the power electronics umbrella. Power systems include electric vehicle (EV) transmissions for a variety of medium- and heavy-duty applications, as well as a 48-volt regenerative accessory drive system for heavy-duty trucks.
The existing line of electrified products – which includes DC/DC converters, PDUs, hybrid and battery-electric transmissions, and high-voltage fuses – serve as the foundation for eMobility to build additional growth as electrification increases.
Eaton projects its current electrified range will account for approximately $300m in revenue in 2018, and forecasts revenues of $2bn to $4bn by 2030.
eMobility is based in Southfield, Michigan, with design centres and factories in Asia, Europe and the Americas, and employs 1,200.
