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Electric Powertrain Global Market By Component, By Vehicle Type, By Application, Growth Opportunities And Forecast 2023-2032 | Bosch Limited, Mitsubishi Electric, Magna Internationls, Schaeffler AG, Valeo
Electric Powertrain Market Size, Growth Rate, And Forecast
The global electric powertrain market size is expected to grow from $77.16 billion in 2022 to $104.24 billion in 2023 at a compound annual growth rate (CAGR) of 35.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electric powertrain market size is expected to reach $321.6 billion in 2027 at a CAGR of 32.5%.
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Electric Powertrain Market Drivers
The increasing demand for electric vehicles is expected to propel the electric powertrain market going forward. Electric vehicles are vehicles that consist of a motor that is powered by electricity stored in batteries.
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Electric Powertrain Market Segments
• By Vehicle: Hybrid And Plug-In Hybrid Vehicle (HEV/PHEV), Battery Electric Vehicle (BEV), 48V Mild Hybrid Vehicle (MHEV)
• By HEV/PHEV Powertrain Component: Motor/Generator, HV Battery, 12V Battery, Battery Management System, Controller, DC/AC Inverter, DC/DC Converter, Power Distribution Module, Idle Start-Stop, On-board Charger
• By Component: Motor, Battery, Power Electronics Component
• By Vehicle Types: Passenger Cars, Commercial Vehicles
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Electric powertrain market.
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Electric Powertrain Market Key Players
Major players in the electric powertrain market are Bosch Limited, Mitsubishi Electric, Magna Internationls, Hitachi Astemo Americas Inc., Schaeffler AG, Valeo, Nidec Corporation, Marelli Holdings Co Ltd., Panasonic, Brusa Electronik, Cummins Inc., ZeroAvia, Damon Motors, and eLeapPower.
The Business Research Company's "Global Electric Powertrain Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Electric Powertrain Market Include:
1. Executive Summary
2. Electric Powertrain Market Characteristics
3. Electric Powertrain Market Trends And Strategies
4. Electric Powertrain Market - Macro Economic Scenario
5. Electric Powertrain Market Size And Growth
.....
26. Africa Electric Powertrain Market
27. Electric Powertrain Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Powertrain Market
29. Electric Powertrain Market Future Outlook and Potential Analysis
30. Appendix
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