Alternative Powertrains market is estimated to grow at a CAGR of 16.91% within the forecast period of 2023-2030 : Cognitive Market Research

Overview:
Alternative powertrains are developed to reduce the usage of IC engine automobiles to lower carbon emissions. Alternative powertrains are propulsion technologies that are not only based on the popular internal combustion engine. This might include hybrids, full battery electrics, hydrogen fuel cells, compressed air, and a variety of other options.

Summary:
The global alternative powertrain market size stood at US$ 102.0 Billion in 2022 and is estimated to reach US$ 486.7 Billion by 2029. The global industry is projected to grow at a CAGR of 16.91% between 2022 and 2029. Further, geographically, Asia Pacific is the largest market for the alternative powertrain market.

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Market Dynamics:
• What are the driving factors for the alternative powertrain market?
Increasing demand for fuel-efficient transportation solutions and increasing use of electric powertrains are major driving factors for the alternative powertrain market. Electric powertrains assist in reducing reliance on fossil fuels and other non-renewable sources of energy, which is fuelling the growth of the market.
Further, increasing investments in research and development and emerging advanced technologies can create lucrative opportunities for the alternative powertrain market. However, the high upfront cost of alternative powertrains can hinder the growth of the market.

• Which region is estimated as the dominating region in the alternative powertrain market?
Asia Pacific is accounted as the largest market for the alternative powertrain market. This is due to the growing automotive industry in Asian countries like India, China, Japan, South Korea, and others. In addition to that increasing number of automotive manufacturers in this region is propelling the growth of the market.

Market Segmentation:
By Powertrain
• Battery Electric Vehicle Powertrain
• Hybrid Powertrain
• Component

By Battery
• Motor/Generator
• Battery Management System (BMS)
• On-board Charger

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Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Alternative Powertrains Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
• 2.1 Research Methodology
• 2.2 Systematic Research Approach
2.2.1 Primary Research
2.2.1.1 Key Data from Primary
2.2.1.2 Primary Interviews with Experts
2.2.1.3 Key Industry Insights
2.2.1.4 Questionnaire
2.2.1.5 Breakdown of Primaries
2.2.2 Secondary Research
2.2.2.1 Key Data from Secondary
2.2.2.2 Paid Sources
2.2.2.3 Public Sources
• 2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.1.1 Analyzing Market Size by Top-Down Approach (Supply Side)
2.3.1 Bottom-UP Approach
2.3.1.1 Analyzing Market Size by Bottom-Up Approach (Demand Side)
• 2.4 Market Breakdown and Data Triangulation
• 2.5 Research Assumptions
Chapter 3 Executive Summary
Chapter 4 Global Alternative Powertrains Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Alternative Powertrains Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Alternative Powertrains Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Alternative Powertrains Market by Powertrain Segmentation Analysis (2018-2030)
Chapter 11 Global Alternative Powertrains Market by Battery Segmentation Analysis (2018-2030)
Chapter 12 Global Alternative Powertrains Market Regional Analysis
Chapter 13 North America Alternative Powertrains Market Outlook (2018 - 2030)
Chapter 14 Europe Alternative Powertrains Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Alternative Powertrains Market Outlook (2018 - 2030)
Chapter 16 Latin America Alternative Powertrains Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Alternative Powertrains Market Outlook (2018 - 2030)
Chapter 18 Research Findings

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About Cognitive Market Research:
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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