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Electric Powertrain Market

Electric Powertrain Market Size, Share and Segmentation 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), by Regions and Global Market Forecast 2022-2028

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.

Electric Powertrain Market Revenue Graph

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.

MARKET DYNAMICS: 

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.

  • 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.

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.

OPPORTUNITIES: 

  • 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.

CHALLENGES: 

  • 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 ESTIMATION: 

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.

MARKET SEGMENTATION:

By Type:

  • BEV Powertrain

  • MHEV Powertrain

  • Series Hybrid Powertrain

  • Parallel Hybrid Powertrain

  • Series-Parallel Hybrid Powertrain

By Vehicle Type:

  • Passenger vehicles

  • Commercial vehicles

By Components:

  • Motor/Generator

  • HV Battery

  • Battery Management System

  • Controller

  • 12V Battery

  • On-board Charger

  • DC/DC Converter

  • DC/AC Inverter

  • Power Distribution Module

  • Regenerative Braking

Electric Powertrain Market Segment Chart

REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The 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

Electric Powertrain Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 85.8  Billion
Market Size by 2028 US$ 738.34  Billion
CAGR CAGR of 36% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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

10.1 Motor/Generator

10.2 HV Battery

10.3 Battery Management System

10.4 Controller

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

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Robert Bosch GmbH (Germany),

12.1.1 Financial

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

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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