Power management company Eaton has developed the eMobility business as the company moves to meet growing demand in the global vehicle electrification market. The new division will focus on intelligent power electronics, power systems, and advanced power distribution and circuit protection.
eMobility was formed by combining products, expertise and global manufacturing capabilities from Eaton’s Electrical and Vehicle businesses. Eaton now plans to invest more than US$500m over the next five years to develop new products and technologies, including smart diagnostic technologies, intelligent power electronics and predictive health monitoring.
“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 two billion miles of clean, reliable service.”
The division will focus on three main areas for both automotive and commercial vehicle customers: intelligent power electronics, power systems, and advanced power distribution and circuit protection.
Eaton’s existing line of electrified products – which includes DC/DC converters, PDUs, hybrid and battery-electric transmissions, and high-voltage fuses – serves as the foundation for eMobility to grow as electrification increases.
Eaton projects its current electrified portfolio will account for approximately US$300m in revenue in 2018, and forecasts revenues of US$2bn to US$4bn by 2030 as new products and customers are added to the portfolio.