Electric Powertrain Market Future Prospects, Trends, Growth, Key Player SWOT Analysis by 2031 | Borgwarner Inc., Continental Ag

Market Overview:

Electric powertrain involves use of electric motor instead of internal combustion engine to power vehicles such as electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs). The key components include electric motors, power electronics, and rechargeable batteries.

Market Dynamics:

The electric powertrain market is expected to witness significant growth over the forecast period owing to growing concerns over rising vehicular emissions and stringent government regulations regarding fuel efficiency. Government across regions such as Europe, North America, and Asia Pacific are providing various subsidies and tax rebates to boost adoption of electric vehicles. For instance, the government of India has announced fiscal incentives under FAME II scheme to encourage electric mobility. Additionally, low operating cost of electric vehicles compared to gasoline-powered vehicles is encouraging consumers to opt for electric vehicles, thereby supporting growth of the electric powertrain market.

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Top Companies Covered In This Report:

Borgwarner Inc., Continental Ag, Magna International Inc., Marelli Holdings Co Ltd., Mitsubishi Electric Corporation, Nidec Corporation, Robert Bosch Gmbh, Schaeffler Group Usa Inc., and Valeo Sa.

Detailed Segmentation:

Key Region/Countries are Classified as Follows:

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA).
Growing Demand for Used EV Batteries Creates New Business Opportunities in Second-Life Applications

As the electric vehicle market matures and more drivers transition away from their first EVs, there will be a growing supply of used but still viable battery packs coming off vehicles. While batteries degraded for automotive use, they still retain 70-80% of their initial capacity which can be utilized in second-life stationary storage applications. Companies are developing new business models and technology solutions to reuse batteries for purposes like grid energy storage, backup power installations, and off-grid residential electrification. The emerging used battery market presents an opportunity for automakers, battery makers, utilities and energy startups to develop sustainable battery recycling programs that extend the lifecycle of battery materials and help lower costs. As millions of batteries are scheduled to retire from vehicles this decade, there will be ample opportunity to generate revenue and offset EV battery costs from second-life applications.

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Government Policies to Control Emissions Will Significantly Drive the Adoption of Electric Powertrains

Government regulations on vehicle emissions have been increasing steadily over the past decade in an effort to reduce pollution and combat climate change. Strict fuel efficiency and greenhouse gas emission standards implemented by agencies like the EPA in countries around the world are putting pressure on automakers to shift their fleets away from internal combustion engines to electric powertrains. The EU, China, and several US states like California have announced plans to phase out or ban the sale of new gasoline-powered cars within the next 15-20 years. Compliance with these new rules will require OEMs to ramp up their electric vehicle production significantly. Analysts project BEV and PHEV sales will need to grow at exponential rates through the end of this decade for automakers to meet their corporate average fuel economy targets. The rising cost of non-compliance with pollution norms will make electric powertrains increasingly more attractive from a regulatory perspective.

High Battery Cell Prices Currently Constrain Widespread Electric Powertrain Adoption

The biggest obstacle preventing mass adoption of electric vehicles currently is the high price of battery packs, which make up a large portion of an EV's total costs. Lithium-ion batteries remain the most viable technology for powering EVs, but raw material and manufacturing costs remain significant. Most analysts estimate that battery prices need to fall to $100/kWh or lower for EVs to reach total cost parity with gasoline vehicles. While battery costs have declined considerably in recent years due to economies of scale and technology improvements, widespread electrification on the scale required to meet regulatory targets will still rely on further price reductions. The challenge of bringing down battery cell prices to a level that allows for affordable long-range EVs remains a major constraint for the industry.

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The report answers a number of crucial questions, including:

Which companies dominate the global Electric Powertrain market?
What current trends will influence the market over the next few years?
What are the market's opportunities, obstacles, and driving forces?
What predictions for the future can help with strategic decision-making?
What advantages does market research offer businesses?
Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
What is the anticipated growth rate for the Electric Powertrain market economy globally?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters

1.2 Methodology and forecast parameters

1.3 Information Sources



Chapter 2: Latest Trends Summary

2.1 Regional trends

2.2 Product trends

2.3 End-use trends

2.4 Business trends



Chapter 3: Electric Powertrain Industry Insights

3.1 Industry fragmentation

3.2 Industry landscape

3.3 Vendor matrix

3.4 Technological and Innovative Landscape



Chapter 4: Electric Powertrain Market, By Region



Chapter 5: Company Profiles



5.1 Company Overview

5.2 Financial elements

5.3 Product Landscape

5.4 SWOT Analysis

5.5 Systematic Outlook



Chapter 6: Assumptions and Acronyms



Chapter 7: Research Methodology



Chapter 8: Contact (Continue . . .)

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