Press release
Global Automotive Electric Drivetrain Components Market Size, Share, and Forecast Analysis 2025-2029
Automotive Electric Drivetrain Components
What Are the Automotive Electric Drivetrain Components Market Size Forecast for 2025?
The market size for components of electric drivetrains in the automotive industry has seen a tremendous uptick in recent years. It is projected that it will catapult from $63.66 billion in 2024 to a massive $78.74 billion in 2025, representing a compound annual growth rate (CAGR) of 23.7%. This significant growth during the historical period can be linked to government policies regarding emissions, a rising consumer interest in eco-friendly vehicles, a decrease in battery expenses, enhancements in power electronics, and a surge in investments towards charging infrastructures.
What Is the Market Size Outlook for Automotive Electric Drivetrain Components Until 2029?
In the coming years, the market size for components of electric drivetrain in the automotive sector is projected to witness significant growth. By 2029, it is anticipated to reach $181.95 billion, with a compound annual growth rate (CAGR) of 23.3%. This growth in the forecasted period is likely due to rapid advancements in technology, regulatory emphasis on zero-emission vehicles, development in battery chemistries, the automotive industry's commitment to electrification, and a shift towards e-mobility alternatives. Notable trends expected throughout this period include an improved energy density in batteries, the adoption of integrated vehicle-to-grid (v2g) technology, adaptive thermal management solutions, a more personalized user experience combined with connectivity, and advances in vehicle-to-vehicle (v2v) communication.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/automotive-electric-drivetrain-components-global-market-report
What Are the Major Factors Driving Demand in the Automotive Electric Drivetrain Components Market?
The expectation for the automotive electric drivetrain components market to experience growth is largely due to the rising utilization of electric vehicles. Defined as a wholly electric, emission-free vehicle equipped with an internal electric energy storage system that can be replenished from an external source, electric vehicles utilize electric drivetrain components to convert electrical energy into mechanical energy, powering the vehicle's wheels. For instance, the U.S. Energy Information Administration, a United States government institution, reported in November 2023 that the proportion of battery-electric vehicles (BEVs) in new light-duty vehicle sales had climbed to 17.7% in 2023's third quarter. Additionally, BEVs made up 16.0% of all new vehicle sales of the year up until that point, a significant increase from 12.5% in 2022 and 9.0% in 2021. As a result, the growth of the automotive electric drivetrain components market is being propelled by the greater degree of battery electric vehicle utilization.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12358&type=smp
How Are End-Use Segments Shaping the Automotive Electric Drivetrain Components Market Outlook?
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
What Are the Strategic Trends Transforming the Automotive Electric Drivetrain Components Market Landscape?
One important trend gaining traction in the automotive electric drivetrain components market is product innovation. Major players in this market are creating novel products to maintain their market standing. For example, in April 2023, Volkswagen, a vehicle manufacturing firm based in Germany, debuted the advanced electric vehicle drivetrain APP550. These new APP550 rear-wheel drive units deliver excellent performance and enhance vehicle efficiency. The heat management system has also been upgraded to boost efficiency even more. The apparatus can manage its temperature by utilizing the transmission's gear wheels.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=12358&type=smp
Who Are the Prominent Companies in the Automotive Electric Drivetrain Components Market by ?
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
Which Region Is Expected to See the Highest CAGR in the Automotive Electric Drivetrain Components Market?
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
#Reach Out to Us#
Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Speak With Our Expert:
Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Electric Drivetrain Components Market Size, Share, and Forecast Analysis 2025-2029 here
News-ID: 4173230 • Views: …
More Releases from The Business Research Company
Top Market Shifts Transforming the Rainwater Harvesting Systems Market Landscape …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Rainwater Harvesting Systems Market Through 2025?
Over the past few years, there has been substantial growth in the market size of rainwater harvesting systems. The industry, which was valued at $1.94 billion in 2024, is predicted to rise to $2.07 billion by…
Live Concerts Fueling Surge In Percussion Instruments Market Growth: Transformat …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Percussion Instruments Industry Market Size Be by 2025?
Over the past few years, the market size of percussion instruments has examined a steady rise. With an increase from $1.44 billion in 2024 to $1.47 billion in 2025, it expects a Compound Annual Growth Rate (CAGR) of…
Emerging Trends to Drive Hydraulic Equipment Market Growth at 3.5% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Hydraulic Equipment Market Size Growth Forecast: What to Expect by 2025?
The size of the hydraulic equipment market has consistently increased in the past few years. Projections show that it will rise from $45.21 billion in 2024 to $46.86 billion in 2025, recording a compound annual growth rate (CAGR)…
Emerging Trends to Reshape the Fishing Drones Market: Innovative Advancement In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Fishing Drones Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of fishing drones has seen a swift increase in the past few years. An expansion from $0.89 billion in 2024 to $0.99 billion in 2025, representing a compound annual growth rate (CAGR)…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
