To capitalize on the growing vehicle electrification market, Eaton has created a new business unit called eMobility.
EMobility will focus on intelligent power electronics, power systems, and advanced power distribution and circuit protection.
Power systems include electric vehicle 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 power distribution and protection category includes fuses, supercapacitors and power distribution units, while converters and on-board chargers fall under the power electronics umbrella.
The new entity was formed by combining products, expertise and global manufacturing capabilities from Eaton’s Electrical and Vehicle businesses. It will be headquartered in Southfield, Michigan, with design centers and manufacturing locations in Asia, Europe, and the Americas.
Eaton’s 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 grow as electrification increases. Eaton projects its current electrified portfolio will account for approximately $300 million in revenue in 2018, and forecasts revenues of $2 billion to $4 billion by 2030 as new products and customers are added to the eMobility portfolio.
The company says it has more than 15 years of expertise in developing hybrid systems, with more than 15,000 HEV and PHEV systems on the road in the U.S., Europe, China and other Asia-Pacific markets
Eaton said eMobility is poised to capitalize on a global vehicle electrification market projected to grow to 15 million pure battery-electric vehicles and another 30 million hybrids, from mild to plug-in, by 2030. It plans to invest more than $500 million over the next five years in eMobility to develop new intelligent electrification products and solutions for passenger car, commercial vehicle, and off-highway customers.
“Our understanding of the unique needs of vehicle customers, along with our experience in transmissions and power electronics in the hybrid space, gives us a distinct advantage versus other suppliers,” said Jeff Lowinger, president, eMobility. “Customers using Eaton hybrid systems have collectively accumulated an estimated 2 billion miles of clean, reliable service.”