Electric Powertrain Market Top Companies Study- Sigma Powertrain, Inc., Continental Ag, Dana, BORGWARNER INC., Continental AG.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Electric Powertrain Market"-, By Integration Type (Integrated & Non-integrated), Component (Motor, Battery, BMS, Controller, PDM, Inverter/Converter, On-Board Charger), Propulsion (BEV, PHEV), Vehicle Type (PC & LCV), and Global Forecasts, 2024-2031 And Segment Revenue and Forecast To 2031."

The Electric Powertrain Market is estimated to reach over USD 301.6 billion by 2031, exhibiting a CAGR of 17.1% during the forecast period.

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Electric vehicle powertrain technologies are replacing traditional gasoline engines in response to the demand for a more sustainable automotive future. Automotive technologies are shifting away from internal combustion engines (ICEs) and moving toward electric vehicle (EV) powertrain systems. The e-powertrain is a system of components that produces and delivers power in EVs and hybrid electric vehicles (HEVs), effectively replacing the conventional ICE powertrain used in gasoline and diesel vehicles. With energy conservation and environmental preservation becoming critical global issues, the trend toward green energy now dominates car design and development. E-powertrains, which consume less energy and reduce carbon emissions, have become the primary focus for automakers. These systems eliminate the need for an internal combustion engine, are compact and lightweight, generate torque instantly, and produce minimal vibration, making them a crucial innovation for the future of sustainable mobility.

A significant development in electric powertrain systems is the integration of powertrain technology with advanced driver assistance systems (ADAS), which enhances vehicle performance and safety through automation and intelligent control. Electric powertrains are increasingly incorporating ADAS features such as automated emergency braking, adaptive cruise control, and lane-keeping assistance to improve driving experiences. This combination allows for smoother and more accurate control of steering, braking, and acceleration, resulting in enhanced overall driving efficiency and safety. Furthermore, this integration not only supports the advancement of fully autonomous driving but also boosts the performance of electric vehicles. As ADAS technologies evolve, their incorporation with electric powertrains will be crucial for creating next-generation vehicles that prioritize performance, safety, and user experience. The synergy between e-powertrains and autonomous driving technologies presents new opportunities for automakers and technology companies, enabling optimization for performance, efficiency, and safety in self-driving systems as demand for these vehicles continues to grow.

List of Prominent Players in the Electric Powertrain Market:
• Robert Bosch Gmbh
• Mitsubishi Electric Corporation
• Magna International Inc.
• Marelli Holdings Co., Ltd.
• Nissan Motor Co., Ltd.
• Sigma Powertrain, Inc.
• Continental Ag
• Dana
• BORGWARNER INC.
• Continental AG
• ZF
• Denso
• Hitachi Astemo Americas, Inc.
• Valeo
• CATL
• BYD
• LG
• Panasonic
• Samsung
• Cummins Inc.
• Delta Electronics, Inc.
• Hyundai Motor Company
• Volkswagen

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Market Dynamics:
Drivers:
The market for electric powertrains is expected to be greatly impacted by the expanding trend of electrification, which will raise demand for integrated systems, power electronics, and high-efficiency motors. Powertrain innovations like 800V designs and dual-motor configurations will proliferate as more automakers transition to electric cars (EVs), allowing for quicker charging and better performance. Axial flux motors and Permanent Magnet Synchronous Motors (PMSMs) are also becoming more popular because of their energy efficiency, greater torque, and small size. Technological advancements will also emphasize modular platforms and modular E-Powertrains, which combine motors, inverters, and transmission systems to maximize space and save costs, as well as new battery technologies like solid-state, lithium-air, etc. for improved energy density and safety. The market for electric powertrains will be crucial to reaching the industry's objectives of performance, sustainability, and broad EV adoption as these breakthroughs improve.

Challenges:
The challenge with developing high-performing yet affordable battery management systems has made EVs more costly and, as a result, less appealing. Another major obstacle is infrastructure. Fast recharging and availability of public charging stations are crucial components. However, EVs' short range and restricted accessibility continue to be problems. The market for electric vehicle powertrains is anticipated to be constrained by these problems, which have hindered the adoption of EVs.

Regional Trends:
Asia-Pacific has the largest market share during the forecast period. The Asia-Pacific region, particularly China, is expected to remain the largest market for e-powertrains due to its significant investment in electric vehicle (EV) technology and infrastructure. Continuous advancements in battery technology and electric motors are driving the development of more efficient and higher-performing e-powertrains. China's government is implementing aggressive policies to promote EV adoption, including subsidies, incentives, and strict emissions regulations. These initiatives have led to a robust demand for e-powertrain technologies. However, The North American market, especially the United States, is experiencing a significant shift toward electrification, with increasing investments from traditional automakers. North America is witnessing innovation in e-powertrain technologies, including developments in battery recycling and second-life applications, contributing to a more sustainable automotive ecosystem.

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Recent Developments:
• In May 2024, Mitsubishi Electric, Mitsubishi Electric Mobility, and AISIN decided to establish a joint venture to create and market control software, inverters, and traction motors for EVs of the future. AISIN will own 34% of the company, while Mitsubishi Electric Group will own 66%. In addition to meeting the increasing need for EV electrification systems, the enterprise seeks to promote worldwide carbon neutrality.
• In October 2023, Vitesco Technologies and Infineon Technologies strengthened their collaboration with a new deal worth more than one billion euros that will take effect in 2027. Vitesco will employ Infineon's AURIXTM TC4x microcontrollers in future electric car systems to increase system cost and efficiency while guaranteeing a steady supply of components for the transition to electromobility.
• In April 2023, DENSO Corporation developed its first inverter using power semiconductors made of silicon carbide (SiC). These inverters were installed in the Lexus RZ, the company's first electric vehicle (EV) model, and incorporated into the BluE Nexus Corporation's eAxle.

Segmentation of Electric Powertrain Market.
Global Electric Powertrain Market By integration type
• Integrated
• Non-integrated
Global Electric Powertrain Market - By Component
• Motor
• Battery
• BMS
• Controller
• PDM
• Inverter/Converter
• On-Board Charger
Global Electric Powertrain Market - By Propulsion
• BEV
• PHEV
Global Electric Powertrain Market - By Vehicle Type
• Passenger Cars
• Light Commercial Vehicle
Global Electric Powertrain Market - By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.