Off-highway Electric Vehicle Solutions: Transportation

2022-05-11

●Off-highway electric vehicle market trends and drivers
■Market trends and drivers
▲The off-highway electric vehicle market size was estimated at USD 5.48 billion in 2019 and is expected to grow at a CAGR of 21.2% from 2020to 202.
▲Pursuing electrification of off-highway vehicles promises less fuel consumption and long-term cost savings because of less maintenance.
▲Aggressive steps toward minimizing emissions and ventilation costs in underground mining, stringent emission regulations by government agencies, and increase in infrastructure spending by various governments are some of the reasons driving the demand for off-road electric vehicles.
▲The off-highway electric construction vehicle segment accounted for the largest revenue share of around 38.2% in 2019. The agricultural segment is projected to grow at a CAGR of 22.3% from 2020 to 2027.
▲The North America region accounted for the largest revenue share of 42.7% for the market in 2019. The Asia Pacific region is projected to expand at the highest CAGR of 34.4% from 2020 to 2027.

Littelfuse

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Part#

FuseSi MOSFETSiC MOSFETGate DriverTVS DiodeTVS Diode ArrayContactor relayDiodeIGBT ModuleHigh-current FuseFuse BoxDC Power Distribution ModuleBattery Disconnect SwitchHVDC†Contactor RelayPower Distribution ModuleHVDC† Contactor Relay

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off-highway electric vehicles ]Onboard charger ]DC/DC Converter ]Traction motor inverter ]Junction Box ]

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Please see the document for details

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2021/11/30

REV1121

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