North America EV Powertrain Market to 2027 - Global Analysis and Forecasts by Continental AG, Cummins, Dana Limited, Magna International, Mahle

The EV powertrain market in North America is expected to grow from US$ 4.40 Bn in 2018 to US$ 9.71 Bn by the year 2027. This represents a CAGR of 9.3% from the year 2019 to 2027.

The automotive industry is expanding at a rapid rate over the years across the globe. The internal combustion engine (ICE) vehicles, as well as the electric vehicles (EV) manufacturers, are pacing up their production volumes to meet the continually rising demand from the customers. The auto industry is expected to be driven by electric vehicles in the near future, owing to the rising awareness among the vehicle customers, governmental strategies to reduce carbon emission and subsidies towards procuring EVs. These factors are prominently acting as crucial parameters for the growth of EVs.

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The List of Companies - North America EV Powertrain Market
1. Continental AG
2. Cummins Inc.
3. Dana Limited
4. Magna International
5. Mahle GmbH
6. Maxim Integrated
7. Robert Bosch GmbH
8. Tata Elxsi
9. Valeo SA
10. ZF Friedrichshafen AG

The automotive industry is experiencing a significant shift from traditional vehicles to electric vehicles. Governments in various countries are taking initiatives to drive the adoption of electric vehicles. For instance, the Government of Canada invested US$ 182.5 million to develop a fast-charging network for electric vehicles. Also, in December 2017, the Federal Government of Canada released its Greening Government Strategy, which aims to reduce greenhouse gas emissions by 80% by 2050.

Currently, the US is dominating the EV powertrain market in terms of installation, which in turn boosts the demand for the EV powertrain market in the region. The electric vehicle market in the US is comprised of battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). Alone among these vehicles, the BEV does not require gasoline at any point during operation, relying solely upon pure electric battery power.

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Table of Content:

1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America EV Powertrain Market - by Product Type
1.3.2 North America EV Powertrain Market - by Application
1.3.3 North America EV Powertrain Market - by Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America EV Powertrain Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 EV Powertrain Market - North America PEST Analysis
4.3 Ecosystem Analysis
5. North America EV Powertrain Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Supporting government initiatives to increase the demand of EV Powertrains
5.1.2 Technological Advancements in Conventional Engines
5.2 Market Restraints
5.2.1 High Costs related to electric vehicles
5.3 Market Opportunities
5.3.1 ICE Vehicle Makers Venturing into Electric Vehicle Segment
5.4 Future Trends
5.4.1 Designing low-cost Powertrain Would Stimulate Market Growth
5.5 Impact Analysis of Drivers and Restraints

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.