Electric Powertrain Market is Forecasted to Reach US$ 285.87 Billion in 2030, Says Stratview Research

The global electric powertrain market is projected to witness a growth rate of 14.4% annually from 2024 to 2030, with an anticipated size of US$ 285.87 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global electric powertrain market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2030: US$ 285.87 billion
Growth (CAGR): 14.4% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 3
Number of Tables & Graphs: 100+

Segment Insights on the Electric Powertrain Market:

The global Electric Powertrain market is segmented based on Component type, Vehicle type, and Region.

Based on component type - The market is segmented into Motor/Generator, Battery, Power Electronic Controller, Converter, Transmission, and On-Board Charger. In the electric powertrain usage by component type, the battery takes the largest market share since it is the main power supply of electric vehicles and contributes greatly to the overall cost and performance of the vehicle. The continuing innovations in battery chemistry like lithium-ion and solid-state batteries enhance energy density, charging capability, and total system efficiency are essential prerequisites for the market. Moreover, the rise in the number of battery production plants and growth in the demand for EVs has also strengthened its position in the driver's seat of the electric powertrain network. In addition, some governments enhance the development of electric mobility through grants and subsidies where the main objective is to bring down the costs of batteries. Among the primary players in the electric powertrain market, including the battery-electric vehicle and hybrid electric vehicle, the battery contributes significantly to resolving essential industry concerns like range anxiety and charging availability, which assure the battery's market dominance.

Based on vehicle type - The market is segmented into BEV and HEV/PHEV. BEVs are dominating due to utter dependency on electric powertrains meeting the global trends for non-emission mobility systems. BEVs do not require internal combustion engines, which leads to reduced design complexity, particularly regarding maintenance, and better energy use. Along with this, the increase in government support and subsidies along with increased stringency of emissions norms has led to BEVs becoming the largest vehicle type in the electric powertrain market.
Used and useful yet relatively small market and experiencing competitive pressure as BEV rises in importance. I expect increased customer acceptance due to improved charging infrastructure and energy density of the battery in BEVs through the years, especially in areas with strict EV policies. The decrease in battery costs over time bowed out in combination with the inclination towards environmentally friendly systems established the BEV model above the HEV/PHEV system.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3900/electric-powertrain-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The Asia-Pacific region dominates the electric powertrain market since the automobile giants are most active here alongside a brutal focus on EV manufacture; the government highly supports electric mobility. China tops the list followed by Japan and South Korea and China is the biggest market for EVs in the world. The region is well positioned with a battery manufacturing supply chain, adequate capital investment for EV technology research and development, and related infrastructure.
However, Europe is the fastest growing market mainly due to higher emission norms, planned climate targets, and EV subsidies regime. Currently, most European countries are using grants and incentives for manufacturers and separately for consumers like German, Norwegian, and Dutch markets. This goal of the region to shift from the use of fossil fuels has boosted demand for electric powertrains and sustainable modes of transport in the European region.

Electric Powertrain Market Drivers:
Some of the key drivers listed in the report are given below.
• EV Adoption Surge - Growing global demand for electric vehicles is driving electric powertrain advancements.
• Stringent Emission Norms - Regulatory pressure to reduce carbon emissions accelerates electric powertrain deployment.
• Government Incentives - Subsidies and tax benefits encourage OEMs to invest in electric mobility.
• Battery Innovation - Breakthroughs in battery tech boost powertrain performance and reduce costs.
• Charging Infrastructure Growth - Expanding EV charging networks support wider powertrain system adoption.

Top Companies in the Electric Powertrain Market:
Stratview Research has identified the following companies as the top market players.
• BorgWarner
• Bosch Limited
• Mitsubishi Electric Corp
• Magna International Inc.
• Schaeffler AG
• ZF Friedrichshafen AG
• Valeo
• Nidec Corporation
• Continental AG
• Magneti Marelli Ck Holdings
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Electric Powertrain Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.