Site icon Fact.MR Blog

Integration of Smart Devices In Commercial Vehicles Will Provide An Opportunity For The Power Distribution Module Industry | Report Fact.MR

power distribution module market absolute opportunity by sales channel

Commercial vehicles are generally considered high fuel consuming vehicles. In recent years, demand for power-efficient vehicles has increased, owing to rise in freight transport across the world. The need of the hour is highly secured and efficient power distribution. Furthermore, intelligent power distribution modules will be used in all commercial vehicles in the years to follow. Manufacturers in the power distribution module market are deploying their resources to develop high-power voltage solutions for commercial vehicles. This is in accordance with the ban on diesel-powered vehicles in certain countries, which will further drive the market for efficient intelligent power distribution modules in commercial vehicles.

Furthermore, restructuring of the commercial vehicle industry with respect to efficient and eco-friendly power sources is boosting demand for power distribution modules. High potential markets such as India, Africa, and China are revamping their commercial vehicle architecture. This is due to increased usage of public transport by people and demand from automobile manufacturers for efficient transport vehicles.

The global power distribution module market is projected to create an absolute $ opportunity of more than US$ 3.8 Bn, and is anticipated to surpass a valuation of US$ 8 Bn by the end of 2030.

Request Sample Report

Key Takeaways from Power Distribution Module Market Study

“Integration of smart devices in commercial vehicles will provide an opportunity for the power distribution module market during the forecast period” says a Fact.MR analyst.

Key Players to Focus on Product Innovation

Globally established players in the power distribution module market are Leoni AG, TE Connectivity, Sumitomo Wiring Systems Ltd, Lear Corporation, Littlefuse Inc., Eaton Corporation, and Curtis Wright

Key players in the market are continuously focusing on product innovation to gain market share and create a USP in this highly competitive market. In the recent past, the power distribution module market has seen numerous innovations. For instance, GEP power products launched a new DC power distribution module for commercial vehicle application, in 2020. This new product is an upgrade from the previous product for better handling of high voltages with a compact design.

Key Segments of Power Distribution Module Market

Fact.MR’s study on the power distribution module market offers information divided into five key segments-product type, sales channel, current rating, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Product Type

Sales Channel

Current Rating

Exit mobile version