Global Electric Powertrain Market Expected to Grow in Value to USD 191.4 Billion by 2027 with a CAGR of 14.9% -

The "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" report has been added to's offering.

The global electric powertrain market 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%.

A decrease in emissions limits and attractive government incentives for EV buyers are significant factors for the growth of the electric powertrain market globally

All major players such as Bosch (Germany), Mitsubishi Electric (Japan), Magna (Canada), Continental AG (Germany), and Hitachi (Japan) are moving toward electromobility by showcasing their developments and business strategies in the electric powertrain market.

There are various factors propelling the electric powertrain market. The major factor being the emission norms across regions. For instance, the introduction of Euro VI, China VI, and PROCONVE P8 have driven the electric powertrain market by pushing automakers to come up with advanced electrified powertrain technologies. Also, attractive government incentives such as tax rebates and subsidies for buyers have also propelled the market growth.

On-board charger segment is witnessing the highest CAGR in the HEV/PHEV powertrain market

PHEVs use an on-board charger to recharge their battery. The increase in PHEV sales will drive the on-board charger market. In the US, various government incentives such as exemptions from sales taxes, tax credits, and rebates are driving the PHEV market. The presence of various PHEV models offered by BMW, Mercedes-Benz, Volvo, Porsche, Kia, and Hyundai is also driving the HEV/PHEV electric powertrain market. In China, the PHEV market is dominated by SAIC and BYD. Various developments such as Dana TM4's bidirectional charger inverter that can function both as a charger as well as an inverter will drive the on-board charger market.

BEV is expected to remain the segment in the electric powertrain market, by vehicle type

BEV sales are increasing at a rapid rate because of various government measures. The incentives on the purchase of BEVs are higher than any other type of electric vehicle. Growing charging infrastructure and better performance of BEVs over PHEVs are driving the BEV powertrain market. Stringent emission standards for vehicles and developments in electric powertrain products such as in Lithium-ion batteries, battery management systems, and power distribution modules are also driving the BEV powertrain market.

Asia Pacific is expected to register the fastest growth during the forecast period

The Asia Pacific electric powertrain market is estimated to be the fastest market. In Asia Pacific, China and India are estimated to be experiencing the highest CAGRs. In China, the government is providing subsidies to promote electric vehicles and cut down on pollution levels. The rise of electric vehicles for ride-sharing has increased their adoption in China. In India, BS VI is set to be rolled out by 2020, pushing the automakers to come up with new electrified powertrain technologies. Various ride-sharing companies such as Uber and Ola have been directed by the Indian government to have a 40% electric vehicle fleet by 2026.

Research Coverage:

The electric powertrain market is segmented on the basis of HEV/PHEV component [motor/generator, battery (HV battery and 12V battery), battery management system, controller, inverter/converter (AC/DC inverter and DC/DC converter), power distribution module, idle start-stop, on-board charger, and regenerative braking], BEV component [motor/generator, battery pack (12V battery and HV battery), battery management system, controller, inverter/converter (AC/DC inverter and DC/DC converter), power distribution module, idle start-stop, on-board charger, and regenerative braking)], 48V mild hybrid vehicle (MHEV) component (battery, battery management system, inverter/converter, 48V BSG/ISG, idle start-stop, and regenerative braking), powertrain type (BEV powertrain, MHEV powertrain, series hybrid powertrain, parallel hybrid powertrain, and series-parallel hybrid powertrain), vehicle type (HEV/PHEV, BEV, and 48V MHEV), and region (Asia Pacific, Europe, North America, and Rest of the world).

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall electric powertrain market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Key Topics Covered:

1 Introduction

1.1 Objectives

1.2 Product Definition

1.3 Market Scope

1.4 Limitations

1.5 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Secondary Data

2.3 Primary Data

2.4 Market Size Estimation

2.5 Market Breakdown and Data Triangulation

2.6 Assumptions & Associated Risks

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Electric Powertrain Market

4.2 Electric Powertrain Market, By Region

4.3 HEV/PHEV Powertrain Market, By Component

4.4 BEV Powertrain Market, By Component

4.5 MHEV Powertrain Market, By Component

4.6 Electric Powertrain Market, By Powertrain Type

4.7 Electric Powertrain Market, By Vehicle Type

5 Market Overview

5.1 Introduction

5.2 Years Considered for the Study

5.3 Package Size

5.4 Market Dynamics

5.5 Revenue Missed: Opportunities for Electric Powertrain Manufacturers

5.6 Electric Powertrain Market, Scenarios (2018-2027)

5.7 Revenue Shift Driving Market Growth

6 Electric Powertrain Market, By Vehicle Type

6.1 Introduction

6.2 Operational Data


6.4 BEV

6.5 48v Mild Hybrid Vehicle

7 HEV/PHEV Powertrain Market, By Component

7.1 Introduction

7.2 Motor/Generator

7.3 Battery

7.4 Battery Management System (BMS)

7.5 Controller

7.6 Inverter/Converter

7.7 Power Distribution Module

7.8 Idle Start-Stop

7.9 On-Board Charger

7.1 Regenerative Braking

8 BEV Powertrain Market, By Component

8.1 Introduction

8.2 Motor/Generator

8.3 Battery Pack

8.4 Battery Management System (BMS)

8.5 Controller

8.6 Inverter/Converter

8.7 Power Distribution Module

8.8 On-Board Charger

8.9 Regenerative Braking

9 48v MHEV Powertrain Market, By Component

9.1 Introduction

9.2 Operational Data

9.3 Battery

9.4 Battery Management System

9.5 Inverter/Converter

9.6 48v Isg/Bsg

9.7 Idle Start-Stop

9.8 Regenerative Braking

10 Electric Powertrain Market, By Powertrain Type

10.1 Introduction

10.2 BEV Powertrain

10.3 MHEV Powertrain

10.4 Series Hybrid Powertrain

10.5 Parallel Hybrid Powertrain

10.6 Series-Parallel Hybrid

11 Electric Powertrain Market, By Region

11.1 Introduction

11.2 Asia Pacific

11.3 Europe

11.4 North America

11.5 RoW

12 Competitive Landscape

12.1 Overview

12.2 Electric Powertrain Market: Market Ranking Analysis

12.3 Competitive Leadership Mapping

12.4 Competitive Scenario

12.5 Right to Win

13 Company Profiles

13.1 Key Players

13.1.1 Bosch

13.1.2 Mitsubishi Electric

13.1.3 Magna

13.1.4 Continental AG

13.1.5 Hitachi

13.1.6 Borgwarner

13.1.7 ZF

13.1.8 Denso

13.1.9 Dana Incorporated

13.1.10 Valeo Group

13.2 Asia Pacific

13.2.1 Nidec Corporation

13.2.2 Magneti Marelli Ck Holdings

13.2.3 Toyota Industries Corporation

13.2.4 Panasonic

13.3 Europe

13.3.1 Brusa Electronik

13.3.2 Cc Power Electronics

13.4 North America

13.4.1 Curtis Instruments

13.4.2 Kelly Controls

13.4.3 Filtran Llc

13.5 RoW

13.5.1 Moura Batteries

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