Electric Powertrain Market worth $191.4 billion by 2027

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MarketsandMarkets Presents

Electric Powertrain Market worth 191.4 billion
by 2027
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lectric-powertrain-market-97605711.html
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The report "Electric Powertrain Market by
Component (Motor, 12V, HV/48V Battery, BMS, 48V
ISG, Controller, PDM, DC/AC Inverter, DC/DC
Converter Others), Type (BEV, MHEV, Series,
Parallel Parallel-Series), Vehicle Type, and
Region - Global Forecast to 2027" The global
electric powertrain market size is projected to
reach USD 191.4 billion by 2027 from an estimated
USD 62.9 billion in 2019, at a CAGR of 14.9
The growth of the global electric powertrain
market is influenced by factors such as
stringency in emission norms, government
initiatives toward popularizing electric
vehicles, and developments in various powertrain
components. Therefore, the electric powertrain
market is expected to witness significant growth
in the future. Browse 162 Market Data Tables
and 53 Figures spread through 200 Pages and
in-depth TOC on "Electric Powertrain
Market MHEV powertrain is expected to grow at
the fastest CAGR in the electric powertrain
market The 48V MHEV is an attractive revenue for
automakers right now. It is capable of delivering
70 efficiency of a conventional ICE powertrain.
Owing to slowdown in diesel-powered vehicles and
stringency in CO2 targets, manufacturers are
turning to this technology for the market.
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According to Emission Analytics, the mass
adoption of mild hybrids over BEVs is an
effective solution to cut down emissions. Also,
owing to the dropping prices of lithium-ion
batteries, various automakers are turning to
optimize lithium-ion batteries in their 48V
systems. To optimize costs and packaging, Hella
developed a 48V power pack that combines a 48V
battery, BMS, and DC/DC converter, making it
easier to integrate into the existing vehicle
architecture. Get The PDF Brochure For This
Report _at_ https//www.marketsandmarkets.com/pdfdown
loadNew.asp?id97605711 Motor/generator is
expected to grow at the fastest CAGR in the BEV
powertrain component market Motor/generator is
estimated to be the fastest growing segment in
the BEV powertrain market. With the need to
decrease CO2 emissions, automakers are switching
to pure electric models. Various developments in
motor/generators to improve the performance of
the BEVs are also driving the BEV electric
powertrain market. For example, Tesla Model S
uses two motors, and Rimac Concept One uses four
motors for improved performance. The rise in
sales of BEVs and developments in BEV powertrain
motor concepts will drive this market segment in
the future.
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Asia Pacific is expected to lead the electric
powertrain market during the forecast
period Asia pacific is estimated to be the
largest market for electric powertrains as China
is at the forefront of this technology globally.
With the intention of curbing pollution and
making China a manufacturing superpower, the
Chinese government has already spent heavily on
incentivizing and subsidizing electric vehicle
sales. Also, the allocation of funds for building
the necessary electric vehicle infrastructure has
also propelled the electric powertrain market in
China with 466,100 public charging
connectorsmore than any other country in the
world. India is also set to implement BS VI
emission norms by 2020, encouraging the mass
adoption of electric vehicles in the future.
Government-owned power companies such as Energy
Efficiency Services is planning to install 10,000
charging stations in the next two years. The
South Korean government is offering subsidies for
domestic manufacturing of electric vehicles and
RD in chips and batteries to increase the
production capacity of zero-emission cars from
the current 1 to 10 by 2022. Additionally, the
presence of major players in this region would
drive the Asia Pacific electric powertrain market
in the future. The electric powertrain market is
dominated by globally established players such as
Bosch (Germany), Mitsubishi Electric (Japan),
Magna (Canada), Continental AG (Germany), and
Hitachi (Japan). To speak to our analyst for a
discussion on the above findings, click Speak to
Analyst
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• Critical Questions
• Many companies are operating in the electric
  powertrain market space across the globe. Do you
  know who are the front leaders, and what
  strategies have been adopted by them?
• Fast-paced developments in electric powertrain
  BEV components (such as motor/generator, power
  distribution module, battery management system,
  and inverter/converter) offered by leading
  providers are expected to change the dynamics of
  electric powertrain market. How will this
  transform the overall market?
• Which leading companies are working on electric
  powertrain components, and what organic and
  inorganic strategies have they adopted?
• Discussion on your clients imperatives based on
  our existing research on the electric powertrain
  market and its ecosystems.
• Request FREE Sample Report _at_ https//www.marketsan
  dmarkets.com/requestsampleNew.asp?id97605711

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