Power management company Eaton aims to take advantage of increasing demand for EV technologies with the creation of its new eMobility business, which will focus on intelligent power electronics, power systems, power distribution and circuit protection.
Eaton’s existing line of electrified products includes DC/DC converters, PDUs, hybrid and EV transmissions, and high-voltage fuses. The company projects its current electrified portfolio will account for approximately $300 million in revenue in 2018, and forecasts revenues of $2 to $4 billion by 2030 as the eMobility division adds new products and 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 eMobility President Jeff Lowinger. “Customers using Eaton hybrid systems have collectively accumulated an estimated 2 billion miles of clean, reliable service.”