Electric Powertrain Market
Electric Powertrain Market - Global Industry Assessment & Forecast
Segments Covered
- By Vehicle Type Hybrid and Plug-In Hybrid Vehicle (HEV/PHEV), Battery Electric Vehicle (BEV), 48V Mild Hybrid Vehicle (MHEV)
- By HEV/PHEV Powertrain Component Motor/Generator, HV Battery, 12V Battery, Battery Management System, Controller, DC/AC Inverter, DC/DC Converter, Power Distribution Module, Idle Start-Stop, On-Board Charger, Regenerative Braking
- By BEV Motor/ Generator Powertrain Component Motor/Generator, HV Battery, 12V Battery, Battery Management System, Controller, DC/DC Converter, DC/AC Inverter, Power Distribution Module, On-Board Charger, Regenerative Braking
- By 48V MHEV powertrain type 48V Battery, 12V Battery, Battery Management System, DC/AC Inverter, DC/DC Converter, 48V BSG/ISG, Idle Start-Stop, Regenerative Braking
- By Powertrain Type BEV Powertrain, MHEV Powertrain, Series Hybrid Powertrain, Parallel Hybrid Powertrain, Series-Parallel Hybrid Powertrain
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 92.96 Billion |
Revenue 2030: | USD 899.23 Billion |
Revenue CAGR (2023 - 2030): | 32.80% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Electric Powertrain Market by Vehicle Type by HEV/PHEV Powertrain Component by BEV Motor/ Generator Powertrain Component by 48V MHEV powertrain type by Powertrain Type by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Electric Powertrain market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Electric Powertrain market.
FAQ
Frequently Asked Question
What is the global demand for Electric Powertrain in terms of revenue?
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The global Electric Powertrain valued at USD 92.96 Billion in 2022 and is expected to reach USD 899.23 Billion in 2030 growing at a CAGR of 32.80%.
Which are the prominent players in the market?
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The prominent players in the market are Bosch (Germany), Mitsubishi Electric(Japan), Magna (Canada), Continental AG (Germany), Hitachi (Japan).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 32.80% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Electric Powertrain include
- Growing Vehicle Electrification Demand in Automotive Industry
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Electric Powertrain in 2022.