Electric Powertrain Market – Trends Forecast Till 2030

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Electric Powertrain Market Trends, Size, Share,
Demands, Overview, Growth, Revenue and Forecast
to 2030
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Electric Powertrain Market Size, Share Trends
Analysis Report By Electric Vehicle (BEV,
HEV/PHEV), By Component (Motor/Generator,
Battery, Power Electronics Controller) and Region
(North America, Europe, Asia-Pacific, Middle East
and Africa and South America).

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owertrain-market
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Market Overview
The burgeoning automotive market is moving
towards electric vehicles as the primary mode of
transportation, with traditional fuel vehicles
expected to be phased out over the coming years.
This shift can be attributed to the myriad
advantages that electric vehicles offer,
including improved environmental benefits and a
lower total cost of ownership as compared to
their internal combustion engine vehicle
counterparts. As a result, numerous countries
have implemented strict policies to encourage the
adoption of alternative fuel vehicles,
particularly electric vehicles. Historically, the
automotive industry has relied on the same
internal combustion engine powertrain over the
past decade. However, the industry has
undergone a significant transformation in recent
years, with a broad powertrain mix that is
focused on providing more efficient and
environmentally friendly transportation. This
portfolio now includes a wide range of pure
electric and hybrid powertrains. Furthermore, the
overall powertrain landscape is becoming
increasingly dynamic and complex with the
emergence of electric powertrains. Purchase
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tric-powertrain-market
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Key Findings
The Electric Powertrain Market is segmented into
various segments such as by vehicle, by component
and region On the basis of vehicle, the
rationale behind the notable proportion alluded
to herein is primarily because of the decline in
sales of Internal Combustion Engine (ICE)
automobiles and the tightening of Carbon Dioxide
(CO2) targets. In order to curtail pollution and
ultimately lower the overall cost of ownership,
it is imperative that a greater number of people
purchase Battery Electric Vehicles (BEVs).
Furthermore, foreseeable advancements in
battery technology coupled with declining prices
of Lithium-ion batteries are expected to foster
an increase in demand for BEVs in the foreseeable
future. The overarching objective of these
vehicles aims to enhance the efficiency of the
internal combustion engine by integrating a
high-voltage, low-range electric powertrain.
These vehicles are equipped with an electric
motor that is considerably more potent, as well
as a battery that is significantly larger and can
be externally charged. This grants consumers a
flexible and user-friendly alternative.
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Key Findings
The market is also divided into various regions
such as North America, Europe, Asia-Pacific,
South America, and Middle East and Africa. North
America is estimated to account for the largest
market share during the forecast period. Inquire
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Competitive Landscape

• BorgWarner
• Bosch Limited
• Mitsubishi Electric Corp
• Magna International Inc.
• Schaeffler AG
• ZF Friedrichshafen AG
• Valeo
• Nidec Corporation
• Continental AG
• Magneti Marelli Ck Holdings
• Tesla, Inc.
• Nissan Motor Co., Ltd.

• General Motors Company
• BMW AG
• Ford Motor Company
• Volkswagen Group
• Hyundai Motor Company
• Kia Corporation
• Daimler AG (Mercedes-Benz)
• Audi AG
• Rivian Automotive, Inc.

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Recent Developments
In August 2021, Borgwarner Inc., a leading global
supplier of advanced propulsion systems,
announced with great pleasure and enthusiasm a
momentous and highly significant series C equity
investment in Cellink Corporation, a cutting-edge
and innovative bioprinting company that has been
at the forefront of the rapidly evolving and
dynamic field of 3D bioprinting, to facilitate
and foster the company's strategic expansion and
growth in the critical and pivotal area of
electrification strategy, which has been
identified as a top priority and key driver of
the company's long-term success and
prosperity.  In July 2021, the esteemed
Continental AG, a multinational automotive
manufacturing company renowned for its innovative
and cutting-edge products, has recently
introduced a novel and exceptional product into
the market, which has been christened as the EMR4
(Electronics Motor Reducer) next-generation
electric axle drive.
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Contact Information
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globally. Contact Us 44-20-3290-6466 1
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