Global Electric Powertrain Market Will Attain A CAGR Of Over 27.1% During The Forecast Period

Zion Market Research has published a new report titled “Global Electric Powertrain Market – By Component (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 (48V Mild Hybrid Vehicle (MHEV), Battery Electric Vehicle (BEV), and Hybrid And Plug-In Hybrid Vehicle (HEV/PHEV)), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” According to the report, global demand for 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.

Browse the full “Global Electric Powertrain Market – By Component (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 (48V Mild Hybrid Vehicle (MHEV), Battery Electric Vehicle (BEV), and Hybrid And Plug-In Hybrid Vehicle (HEV/PHEV)), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/electric-powertrain-market

MHEV powertrain exhibits the fastest growth rate in the Electric Powertrain market during the forecast period

48V MHEV is anticipated to be the fastest-growing category in the global Electric Powertrain market during the forecast period. The stringent CO2 targets and low demand for diesel-powered vehicles are fuelling the 48V MHEV powertrain market. The inclination of consumers toward hybrid vehicles compared to BEV to cut down on emission rates is likely to propel the growth of the global Electric Powertrain market. In addition, the increasing production and fall in the prices of Lithium-ion batteries have bolstered the MHEV powertrain component market, thereby booming the market expansion. The easy incorporation of 48V MHEV powertrain into the current ICE vehicle architecture is also powering the MHEV powertrain market.

Motor/generator exhibits the fastest growth rate in the BEV powertrain component market

Motor/generator is the fastest-growing category in the BEV powertrain component segment. The reason behind the highest growth is the increasing production of electric vehicles on a yearly basis. The improvement in vehicle performance is also projected to drive the motor/generator category in the global Electric Powertrain market.

Asia Pacific is expected to exhibit the highest growth rate during the forecast period

Asia Pacific Electric Powertrain market is estimated to be growing at a faster pace owing to the implementation of strict emission regulations such as China VI and BS VI in the region. The advancements in charging infrastructure and increasing investments in the battery production in China, India, etc. are majorly expected to help the global Electric Powertrain market expand.

Key Market Players

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:

Global Electric Powertrain Market: By Vehicle Type Segmentation Analysis

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

Global Electric Powertrain Market: 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

Global Electric Powertrain Market: 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

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