Dublin, Dec. 17, 2024 (GLOBE NEWSWIRE) -- The "Electric Powertrain - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Electric Powertrain was estimated at US$93.5 Billion in 2023 and is projected to reach US$248.2 Billion by 2030, growing at a CAGR of 15% from 2023 to 2030.
The growth in the electric powertrain market is driven by several factors, including regulatory incentives for emissions reduction, consumer demand for eco-friendly vehicles, and advancements in electric vehicle technology. Governments worldwide are introducing policies and subsidies to encourage the adoption of EVs, making electric powertrains more financially accessible to consumers and manufacturers.
Rising environmental awareness is also contributing to market growth, as consumers prioritize sustainable transportation options that minimize their carbon footprint. This shift in consumer preferences is driving automakers to expand their EV offerings, further boosting the demand for electric powertrain components.
Technological advancements, such as improvements in battery technology, regenerative braking, and electric motor efficiency, are enhancing the performance and appeal of electric powertrains. Additionally, the growth of EV charging infrastructure, supported by both government and private investments, is making electric vehicles more practical for daily use. Together, these factors are supporting the widespread adoption of electric powertrains, positioning them as the cornerstone of the shift toward sustainable and efficient transportation.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Battery Component segment, which is expected to reach US$154.2 Billion by 2030 with a CAGR of a 14.4%. The Power Electronics Controller Component segment is also set to grow at 16.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $27.7 Billion in 2023, and China, forecasted to grow at an impressive 13.9% CAGR to reach $41.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Electric Powertrain Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Electric Powertrain Market such as Borgwarner, Bosch, Brusa Electronik, CC Power Electronics, Continental and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 42 companies featured in this Global Electric Powertrain market report include:
- Borgwarner
- Bosch
- Brusa Electronik
- CC Power Electronics
- Continental
- Curtis Instruments
- Dana Incorporated
- Denso
- Filtran
- Hitachi
- Kelly Controls
- Magna
- Magneti Marelli Ck Holdings
- Mitsubishi Electric
- Moura Batteries
- Nidec Corporation
- Panasonic
- Toyota Industries Corporation
- Valeo Group
- ZF
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 93 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $93.5 Billion |
| Forecasted Market Value (USD) by 2030 | $248.2 Billion |
| Compound Annual Growth Rate | 15.0% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- World Market Trajectories
- Global Economic Update
- Electric Powertrain - Global Key Competitors Percentage Market Share in 2024
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024
MARKET TRENDS & DRIVERS
- Growing Demand for Electric Vehicles Drives Market Growth for High-Performance Electric Powertrains
- Increasing Focus on Reducing Vehicle Emissions Propels Adoption of Electric Powertrains in Passenger and Commercial Vehicles
- Technological Advancements in Battery Efficiency and Range Expansion Boost Demand for Integrated Electric Powertrain Systems
- Rising Consumer Demand for Zero-Emission Vehicles Expands Market for Cost-Effective Electric Powertrains
- Expansion of Hybrid and Plug-In Hybrid Electric Vehicles Strengthens Demand for Dual Powertrain Systems
- Focus on Lightweight Materials in EV Powertrain Design Drives Innovation in Efficient, Lightweight Powertrain Solutions
- Adoption of Solid-State Batteries in Electric Powertrains Enhances Market Scope for High-Efficiency Power Systems
- Development of Wireless and Fast Charging Capabilities Spurs Growth in Next-Generation Electric Powertrain Technologies
- Expansion of Autonomous and Connected Vehicle Technologies Strengthens Demand for Advanced Powertrain Systems
- Focus on Maximizing Range and Performance Drives Demand for High-Density, High-Voltage Electric Powertrain Components
- Increased Investment in Electric Powertrain R&D by Automakers Spurs Market for Efficient and Scalable Solutions
- Focus on Renewable Energy Integration with EV Charging Networks Propels Demand for Sustainable Powertrain Systems
GLOBAL MARKET PERSPECTIVE
FOCUS ON SELECT PLAYERS
Some of the 42 companies featured in this Global Electric Powertrain market report include:
- Borgwarner
- Bosch
- Brusa Electronik
- CC Power Electronics
- Continental AG
- Curtis Instruments
- Dana Incorporated
- Denso
- Filtran LLC
- Hitachi
- Kelly Controls
- Magna
- Magneti Marelli Ck Holdings
- Mitsubishi Electric
- Moura Batteries
- Nidec Corporation
- Panasonic
- Toyota Industries Corporation
- Valeo Group
- ZF
For more information about this report visit https://www.researchandmarkets.com/r/7p7ufj
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