Report Id: SNS/AUTO/1274 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Electric Powertrain Market Size was valued at USD 85.8 billion in 2021 and is expected to reach USD 738.34 billion by 2028 and grow at a CAGR of 36% over the forecast period 2022-2028.
The powertrain is an important component of the electric vehicles that are still being introduced this year. Because of people's interest in electrically run vehicles, the EV segment will continue to rise in the coming years. People are interested in learning more about electric vehicles and automobiles. This is because electric vehicles and cars allow for more sustainability and alternative fuel consumption. Electricity is the future of the vehicle industry. As a result, the future prospects for this critical component of electric vehicles are highly promising. The drive for decreased reliance on fossil fuels and smaller carbon footprints is driving technological advancements in all vehicles.
Traditional fuel vehicles are likely to phase out in the coming years, therefore electric vehicles represent the future of the automobile sector. These vehicles are gaining popularity because they offer better environmental benefits and a cheaper total cost of ownership than internal combustion engine automobiles. Several countries have enacted strict rules to encourage the use of alternative fuel vehicles, such as electric vehicles.
Electrical vehicle manufacture and sales are a direct influence on the electric vehicle powertrain market.
Development of electric car manufacturing facilities in several regional markets.
The worldwide electric vehicle market's demand for energy-efficient automobiles is also a consideration.
The electric vehicle powertrain market is strongly linked to the EV segment, and it influences the market as well.
The lack of standard development processes for the Electric Vehicle Powertrain is a market barrier.
Market growth is expected to be hampered by strict emission regulations and saturation in growing markets.
Simulation technology is being more widely used in powertrain systems.
In developing countries, the economy is improving.
The market is likely to benefit from rising car penetration in emerging countries.
The expansion of the Electric Vehicle Powertrain Market is hampered by a lack of manufacturing infrastructure.
Accessibility and range have been concerns for electric vehicles.
IMPACT OF COVID-19:
Even the electric car powertrain market has been impacted by the COVID 19 pandemic. The industrial industry was severely impacted by the COVID 19 pandemic. This had a negative influence. Indeed, the global shutdown of industrial units had an impact on a variety of industries. The vehicle manufacturing business was heavily impacted. Aside from the staffing constraint and the problems posed by the pandemic, there were also difficulties in assembling the units. Many autos contain parts imported from various nations and built-in one location. The automobile sector suffered a setback since the worldwide market's export and import network was disrupted.
Automobile sales, on the other hand, were impacted by the financial instability caused by the pandemic. All of these variables, compounded by the COVID 19 pandemic, had an impact on the electric vehicle powertrain market last year. As a result, demand and supply for electric vehicle powertrains fell dramatically. However, the year 2021 has reignited interest in the electric car sector. This gives the electric vehicle powertrain market a boost.
BY KEY MARKET PLAYERS:
ZF Friedrichshafen AG (Germany), EPT Co., Inc. (South Korea), Bonfiglioli Riduttori S.P.A (Italy), WEG (Brazil), GKN PLC (UK), NXP Semiconductors (the Netherlands), IET S.p.A. (Italy), Robert Bosch GmbH (Germany), Automation Tooling Systems Inc. (Canada), BorgWarner Inc. (US), AVL List GmbH (Austria), Mitsubishi Electric Corp (Japan), Magna International Inc. (Canada), Continental AG (Germany), and Dana Incorporated (US) are some of the affluent competitors with significant market share in the Electric Powertrain Market.
Market, By Type:
The global market is divided into BEV, MHEV, Series, Parallel & Parallel-Series based on the type segment. In 2021, the BEV segment held the greatest proportion of the overall market, accounting for 70.2 percent. A battery electric vehicle (BEV) is an automobile that runs solely on electricity. An electric drivetrain driven by rechargeable batteries replaces the internal combustion engine and fuel tank in a BEV.
Market, By Vehicle Type:
According to the vehicle type segment, the global market is divided into passenger vehicles and commercial vehicles. Over the projection period, the passenger car is expected to dominate the market. The electric powertrain industry is growing due to the rising demand for automobiles for everyday transportation and the rapid adoption of electric cars in developing nations.
Market, by Components:
Based on the components segment, the global market has been divided into Motor, 12V, HV/48V Battery, BMS, 48V ISG, Controller, PDM, DC/AC Inverter, DC/DC Converter & Others. During the forecast period, the motor/generator segment is expected to grow at a rate of more than 30%. The global adoption of BEVs and PHEVs is boosting the demand for electric vehicles. In these cars, similar e-motor installations can be mounted.
Series Hybrid Powertrain
Parallel Hybrid Powertrain
Series-Parallel Hybrid Powertrain
By Vehicle Type:
Battery Management System
Power Distribution Module
The Electric Vehicle Powertrain Industry is divided into several global regions. The major companies in the Electric Vehicle Powertrain Market are well-represented in a number of global regional marketplaces. The market share of electric vehicle powertrains by geography is divided into three primary markets: North America, Europe, and the Asia Pacific. The rest of the globe includes all other electric vehicle powertrain market segments. The Asia Pacific region dominated the Electric Vehicle Powertrain Market. The European and North American areas came in second and third, respectively, in terms of electric car powertrain market share. In the coming years, the Asia Pacific region will continue to dominate the electric car powertrain market. During the projection period, the North American region will also expand.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 85.8 Billion|
|Market Size by 2028||US$ 738.34 Billion|
|CAGR||CAGR of 36% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (BEV, MHEV, Series, Parallel & Parallel-Series)
• by Vehicle Type (Passenger Vehicles, Commercial vehicles)
• by Components (Motor, 12V, HV/48V Battery, BMS, 48V ISG, Controller, PDM, DC/AC Inverter, DC/DC Converter & Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||ZF Friedrichshafen AG (Germany), EPT Co., Inc. (South Korea), Bonfiglioli Riduttori S.P.A (Italy), WEG (Brazil), GKN PLC (UK), NXP Semiconductors (the Netherlands), IET S.p.A. (Italy), Robert Bosch GmbH (Germany), Automation Tooling Systems Inc. (Canada), BorgWarner Inc. (US), AVL List GmbH (Austria), Mitsubishi Electric Corp (Japan), Magna International Inc. (Canada), Continental AG (Germany), and Dana Incorporated (US)|
|Key Drivers||•Electrical vehicle manufacture and sales are a direct influence on the electric vehicle powertrain market.
•Development of electric car manufacturing facilities in several regional markets.
|RESTRAINTS||•The lack of standard development processes for the Electric Vehicle Powertrain is a market barrier.
•Market growth is expected to be hampered by strict emission regulations and saturation in growing markets.
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of the Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Electric Powertrain Market Segmentation, by Type
8.1 BEV Powertrain
8.2 MHEV Powertrain
8.3 Series Hybrid Powertrain
8.4 Parallel Hybrid Powertrain
8.5 Series-Parallel Hybrid Powertrain
9. Global Electric Powertrain Market Segmentation, by Vehicle type
9.1 Passenger vehicles
9.2 Commercial vehicles
10. Global Electric Powertrain Market Segmentation, by Components
10.2 HV Battery
10.3 Battery Management System
10.5 12V Battery
10.6 On-board Charger
10.7 DC/DC Converter
10.8 DC/AC Inverter
10.9 Power Distribution Module
10.10 Regenerative Braking
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch GmbH (Germany),
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 ZF Friedrichshafen AG (Germany)
12.3 EPT Co., Inc. (South Korea)
12.4 WEG (Brazil)
12.5 Bonfiglioli Riduttori S.P.A (Italy)
12.6 Automation Tooling Systems Inc. (Canada)
12.7 GKN PLC (UK)
12.8 NXP Semiconductors (the Netherlands)
12.9 IET S.p.A. (Italy)
12.10 Robert Bosch GmbH (Germany)
12.11 BorgWarner Inc. (US)
12.12 AVL List GmbH (Austria)
12.13 Mitsubishi Electric Corp (Japan)
12.14 Magna International Inc. (Canada)
12.15 Continental AG (Germany)
12.16 Dana Incorporated (US)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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