electric powertrain Market Overview, Trends, Growth, Demand, Key Players Analysis and Forecast to 2031

New York, Country, 2022-Aug-05 — /EPR Network/ —

Global electric powertrain report from Global Insight Services is the single authoritative source of intelligence on electric powertrain market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

An electric powertrain is a type of vehicle propulsion system that uses electric motors and batteries instead of gasoline or diesel engines. Electric powertrains are more efficient than conventional gasoline or diesel powertrains, and they produce zero emissions. Electric powertrains are also quieter than gasoline or diesel powertrains.

Key Trends

There are a few key trends in electric powertrain technology:

1. Increasing use of electric vehicles (EVs): As battery technology continues to improve and become more affordable, EVs are becoming increasingly popular. In fact, EV sales are expected to grow significantly in the next few years.

2. Increasing use of renewable energy: One of the main advantages of EVs is that they can be powered by renewable energy sources, such as solar and wind power. As renewable energy becomes more affordable and prevalent, EVs will become even more environmentally friendly.

3. Improving battery technology: As mentioned above, better battery technology is one of the main reasons why EVs are becoming more popular. Battery ranges are improving, and charging times are becoming shorter. This means that EVs are becoming more practical for everyday use.

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Market Segments

The Electric Powertrain Market is segmented by electric vehicle, BEV electric powertrain, HEV electric powertrain and region. By electric vehicle, the market is divided into BEV and HEV. Based on BEV, it is segmented into motor/generator, battery, power electronics controller and others. On the basis of HEV, it is bifurcated into motor/generator, battery, power electronics controller and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Electric Powertrain Market includes players such as BorgWarner, Bosch Limited, Mitsubishi Electric Corp, Magna International Inc., Schaeffler AG, ZF Friedrichshafen AG, Valeo, Nidec Corporation, Continental AG and Magneti Marelli Ck Holdings.

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Key Drivers

The key drivers of the electric powertrain market are the increasing focus on reducing carbon emissions, the availability of government incentives, and the declining cost of electric vehicles.

The transportation sector is a major contributor to greenhouse gas emissions, and there is a growing focus on reducing these emissions in order to combat climate change. Electric vehicles emit no pollutants and have the potential to significantly reduce transportation-related emissions.

Government incentives, such as tax credits and subsidies, can make electric vehicles more affordable and increase consumer demand. In addition, the declining cost of electric vehicles is making them more attractive to consumers.

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