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Automotive Electric Drivetrain Components Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Automotive Electric Drivetrain Components
What Is the Expected Automotive Electric Drivetrain Components Market Size During the Forecast Period?
The Automotive Electric Drivetrain Components Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Automotive Electric Drivetrain Components Market Size During the Forecast Period?
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What Are the High-Growth Segments in the Automotive Electric Drivetrain Components Market?
The automotive electric drivetrain components market covered in this report is segmented -
1) By Components: Electric Drive Module, DC Or DC Converter, Battery Packs, Thermal System, DC Or AC Inverter, Power Distribution Module (PDM), Other Components
2) By Vehicle: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)
3) By Sales Channel: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Electric Drive Module: Integrated Electric Drive Systems, Electric Motor Assembly
2) By DC Or DC Converter: Step-Up Converters, Step-Down Converters
3) By Battery Packs: Lithium-Ion Battery Packs, Solid-State Battery Packs, Nickel-Metal Hydride (NiMH) Battery Packs
4) By Thermal System: Cooling Systems, Heating Systems, Thermal Management Components
5) By DC Or AC Inverter: Dc To AC Inverters, Multilevel Inverters, Grid-Tie Inverters
6) By Power Distribution Module (PDM): Battery Management Systems (BMS), Power Routing Modules
7) By Other Components: Electric Power Steering (Eps) Systems, Regenerative Braking Systems, Control Units And Software
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What Key Drivers Are Expected to Influence Future Automotive Electric Drivetrain Components Market Growth?
The growth of the automotive electric drivetrain components market is anticipated to be driven by the rising acceptance of electric vehicles. These vehicles are entirely electric, do not emit any emissions, and possess an onboard electrical energy storage system that can be replenished from an external energy source. The automotive electric drivetrain components in these cars converts electrical energy into mechanical energy to move the wheels. For example, reports from the U.S. Energy Information Administration in November 2023 showed that battery-electric vehicles (BEVs) made up 17.7% of new light-duty vehicle sales in the third quarter of 2023. So far this year, BEVs have made up 16.0% of total new vehicle sales, an increase from 12.5% in 2022 and 9.0% in 2021. Consequently, this rise in BEV adoption has spurred the growth in the automotive electric drivetrain components market.
Which Companies Hold the Largest Share Across Different Automotive Electric Drivetrain Components Market Segments?
Major companies operating in the automotive electric drivetrain components market include Volkswagen AG, Robert Bosch GmbH, Siemens AG, Panasonic Corporation, ZF Friedrichshafen AG, Denso Corporation, Continental AG, Hyundai Mobis, Magna International Inc., Aisin Seiki Co. Ltd, Valeo SA, Eaton Corporation PLC, Hitachi Astemo Ltd., Parker Hannifin Corporation, Schaeffler AG, Nidec Corporation, BorgWarner Inc., MAHLE GmbH, Infineon Technologies AG, Marelli Holdings Co. Ltd., Dana Incorporated, Hexagon AB, GKN Automotive Limited, JATCO Ltd., Delphi Technologies, The Johnson Electric Group, AVL List Gmbh, Univance Corporation, Hofer Powertrain GmbH
What Trends Are Driving Growth in The Automotive Electric Drivetrain Components Market?
A central trend emerging in the automotive electric drivetrain components market is the emphasis on product innovation. To maintain their market standing, major companies in this market are creating innovative products. For example, in April 2023, the German vehicle manufacturer, Volkswagen introduced the advanced electric vehicle drivetrain named APP550. These new APP550 units, designed for rear-wheel drives, offer superior performance and enhanced fuel efficiency. An upgraded heat management system has also been incorporated to further boost efficiency. The device can self-regulate its temperature using the gear wheels of the transmission.
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What Are the Emerging Geographies for The Automotive Electric Drivetrain Components Market Growth?
Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive electric drivetrain components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Electric Drivetrain Components Market?
2. What is the CAGR expected in the Automotive Electric Drivetrain Components Market?
3. What Are the Key Innovations Transforming the Automotive Electric Drivetrain Components Industry?
4. Which Region Is Leading the Automotive Electric Drivetrain Components Market?
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