Electric Powertrain Market Report Latest Trends and Future Opportunities Analysis

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. The transition from traditional gasoline engines to electric vehicle (EV) powertrain technologies is accelerating as the automotive industry shifts toward sustainable mobility solutions. With a growing emphasis on energy efficiency and environmental preservation, automakers are increasingly adopting e-powertrain systems, which serve as the core power generation and delivery mechanism in EVs and hybrid electric vehicles (HEVs). These advanced powertrains effectively replace conventional internal combustion engine (ICE) systems, offering a more eco-friendly alternative by reducing energy consumption and carbon emissions.

E-powertrains provide several advantages, including compact and lightweight designs, instant torque generation, and minimal vibration, all of which contribute to improved vehicle performance and efficiency. As green energy solutions become the dominant focus in automotive innovation, e-powertrains are emerging as a fundamental component in the next generation of sustainable vehicles.

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

Market Dynamics:
Drivers:
The growing trend toward vehicle electrification is significantly driving the demand for electric powertrain technologies, including integrated systems, power electronics, and high-efficiency motors. As automakers accelerate their transition to electric vehicles (EVs), advancements such as 800V architectures and dual-motor configurations are becoming more prevalent, enabling faster charging times and enhanced performance. Additionally, axial flux motors and permanent magnet synchronous motors (PMSMs) are gaining traction due to their superior energy efficiency, compact design, and higher torque output.

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Challenges:
Despite significant technological progress, several challenges continue to hinder the widespread adoption of electric powertrains. One key issue is the high cost of battery management systems, which increases the overall price of EVs, making them less accessible to a broader consumer base. Additionally, charging infrastructure remains a significant barrier, as the availability of fast-charging stations is still limited in many regions.

Regional Trends:
The Asia-Pacific region is expected to maintain the largest market share for e-powertrains during the forecast period, with China leading the industry through substantial investments in EV technology and infrastructure.

The region's continuous advancements in battery technology and electric motor efficiency are driving the development of high-performance e-powertrains. Moreover, government initiatives, including subsidies, incentives, and stringent emissions regulations, are further propelling demand for electric powertrain solutions.

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.

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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.