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Electric Powertrain Global Market Worth $321.6 Billion at a CAGR of 32.5% By 2027 | Key Players: Bosch Limited, Mitsubishi Electric, Magna Internationls, Schaeffler AG, Valeo
Electric Powertrain Market
The Business Research Company's Electric Powertrain Global Market Report 2023 identifies 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.
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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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.
Innovations in battery technologies are a key trend gaining popularity in the electric powertrain market. Major players operating in the market are focused on developing innovative battery technologies to strengthen their market position.
Read More On The Global Electric Powertrain Market Report Here:
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The Electric Powertrain market is segmented -
1) By Vehicle: Hybrid And Plug-In Hybrid Vehicle (HEV/PHEV), Battery Electric Vehicle (BEV), 48V Mild Hybrid Vehicle (MHEV)
2) 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
3) By Component: Motor, Battery, Power Electronics Component
4) 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.
The Business Research Company's "Global Electric Powertrain Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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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