Press release
Electric Powertrain Systems Market May See a Big Move| Zytek Automotive, BorgWarner, ElringKlinger
Electric Powertrain Systems Market
• July 2024: Volkswagen wins the Automotive INNOVATIONS Award for electric drive innovation.
• June 2024: Marelli secures a contract to provide Battery Thermal Plates for leading automakers.
• March 2024: Nissan announces plans to introduce new electric models in India by 2026.
Market Insights Report published a new research publication on "Electric Powertrain Systems Market" with 232+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Electric Powertrain Systems market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled in the study are BorgWarner Inc., Continental AG, Cummins Inc., Delta Electronics, Inc., Eaton, GKN PLC, Hitachi Astemo Americas, Inc., Hyundai Motor Company, Magna International Inc., Marelli Holdings Co., Ltd., Mitsubishi Electric Corporation, Nissan Motor Co., Ltd., Robert Bosch GmbH, Sigma Powertrain, Inc., Volkswagen.
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Scope of the Report of Electric Powertrain Systems: The size of the Electric Powertrain Systems Market was valued at USD 34.5 Billion in 2023 and is projected to reach USD 198.51 Billion by 2032, with an expected CAGR of 28.4% during the forecast period. The Electric Powertrain Systems Market centers on the creation and incorporation of electric powertrains into vehicles, substituting conventional internal combustion engine (ICE) systems. Electric powertrains are made up of essential parts including electric motors, inverters, battery packs, and transmission systems, which collaborate to propel electric and hybrid vehicles. This market is fueled by the worldwide transition towards electrification in the automotive industry, motivated by the rising need for environmentally friendly transport options, strict emissions standards, and government initiatives encouraging electric vehicles (EVs). Electric powertrains provide notable advantages, such as enhanced energy efficiency, diminished carbon emissions, and decreased maintenance expenses relative to traditional powertrains. Improvements in battery technology, power electronics, and energy recovery systems are enhancing the efficiency and cost-effectiveness of electric powertrains. As the adoption of EVs and hybrid vehicles increases in both consumer and commercial sectors, the electric powertrain systems market is witnessing swift expansion. As car producers shift towards electric mobility to achieve sustainability objectives, the need for effective, high-performing electric powertrains is anticipated to keep growing.
The titled segments and sub-section of the market are illuminated below: [{Vehicle Type, [{BEV}, {HEV}, {PHEV}]}, {Coolant, [{Water Glycol}, {Oil Based}]}]
Market Drivers:
• Increasing demand for Electric Vehicles (EVs), Rising emphasize to phase out ICE vehicles
Restraints:
• Supply chain disruptions
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What can be explored with the Electric Powertrain Systems Market Study?
• Gain Market Understanding
• Identify Growth Opportunities
• Analyse and Measure the Global Electric Powertrain Systems Market by Identifying Investment across various Industry Verticals
• Understand the Trends that will drive Future Changes in Electric Powertrain Systems
• Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Strategic Points Covered in Table of Content of Global Electric Powertrain Systems Market:
Chapter 1: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Electric Powertrain Systems
Chapter 2: Evaluating the leading manufacturers of the Electric Powertrain Systems market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 3: Introduction, market driving force product Objective of Study and Research Scope the Electric Powertrain Systems market
Chapter 4: Exclusive Summary - the basic information of the Electric Powertrain Systems Market.
Chapter 5: Presenting the Electric Powertrain Systems Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 6: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)
Chapter 7: Displaying the by Type, End User and Region/Country 2019-2023
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Electric Powertrain Systems Market is a valuable source of guidance for individuals and companies.
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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
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