Electric Powertrain Market Size, Share, Demand & Trends Analysis Report 2032

Global Electric Powertrain Market Insights

According to Zion Market Research, the global Electric Powertrain Market was worth USD 192.60 Billion in 2023. The market is forecast to reach USD 1667.10 Billion by 2032, growing at a compound annual growth rate (CAGR) of 27.1% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Electric Powertrain industry over the next decade.

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This report analyzes and estimates the Electric Powertrain market at global, regional, and country level. The research study provides historic data from 2018 to 2022 along with forecast from 2024 to 2032 based on value (USD Billion). The report offers detailed insights of the Electric Powertrain market drivers and restraints along with their impact analysis at global level from 2024 to 2032.

The report covers in-depth analysis of the strategies adopted by major competitors in the global Electric Powertrain market. To understand the competitive landscape in the global Electric Powertrain market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.

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The favorable government incentives for advancing the production of electric vehicles on a massive scale that too at the domestic level is likely to aid in increasing the growth of the global Electric Powertrain market. Additionally, the growing inclination of consumers toward electric vehicles will boost the Electric Powertrain market expansion during the forecast period. The stringent government regulations for adoption of electric vehicles and CO2 emission rate will fuel the Electric Powertrain market. The sales of electric powertrain are anticipated to bolster owing to the growing developments in the in powertrain components such as battery management systems, lithium-ion batteries, motors, and others.

The surging advancements in R&D activities and collaborations among automotive companies will stimulate the growth of the global Electric Powertrain market during the forecast period. Apart from this, the escalating interest of consumers toward mild hybrid vehicles is expected to increase the demand for electric powertrains in the near future.

Global Electric Powertrain Market: Segmentation

The research study provides a decisive view on the global Electric Powertrain market based on Component, Vehicle Type, Powertrain Type, and Region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2024 to 2032.

On the basis of component, the global Electric Powertrain market is segregated into Motor/Generator, 12V/HV/48V Battery, Battery Management System, 48V ISG/BSG, Controller, Power Distribution Module, DC/AC Inverter, DC/DC Converter Regenerative Braking, Idle Start-Stop, On-Board Charger, and Others.

By vehicle type, the market for electric powertrain is divided into 48V Mild Hybrid Vehicle (MHEV), Battery Electric Vehicle (BEV), and Hybrid And Plug-In Hybrid Vehicle (HEV/PHEV).

In terms of powertrain type, the market is sectored into MHEV Powertrain, BEV Powertrain, Series Hybrid Powertrain, Parallel Hybrid Powertrain, and Series-Parallel Hybrid Powertrain.

The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.

Electric Powertrain Market: Report Scope

Some of the key players of the global electric powertrain market include

• Bosch
• Mitsubishi Electric
• Continental AG
• Magna
• Hitachi.

The report on the global Electric Powertrain market is segmented into:

By Vehicle Type Segmentation Analysis

• Hybrid And Plug-In Hybrid Vehicle (HEV/PHEV)
• Battery Electric Vehicle (BEV)
• 48V Mild Hybrid Vehicle (MHEV)

By Component Segmentation Analysis

• Motor/Generator
• 12V/HV/48V Battery
• Battery Management System
• Controller
• DC/AC Inverter
• DC/DC Converter
• Power Distribution Module
• Idle Start-Stop
• On-board Charger
• Regenerative Braking
• 48V BSG/ISG
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa