Electric Vehicle Power Train Market Industry Outlook, Size, Growth Factors and Forecast 2030
Electric Vehicle Power Train Market: size was valued at US$ 128.07 Bn. in 2022 and the total revenue is expected to grow at 33.5% through 2023 to 2029, Electric Vehicle Power Train Market is reaching nearly US$ 967.87 Bn. by 2029.
Electric Vehicle Power Train Market Overview
The report serves as a comprehensive guide for investors, stakeholders, and market followers of the Electric Vehicle Power Train Market. It offers an in-depth analysis of the market size, segmentation, drivers, and restraints. Factors that are expected to impact the industry positively or negatively are also included, providing decision-makers with a clear understanding of the Electric Vehicle Power Train industry’s future outlook.
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Electric Vehicle Power Train Market Report Scope and Research Methodology
The research for this report employs a combination of primary and secondary research methods to provide a detailed and accurate analysis of the Electric Vehicle Power Train Market. The bottom-up approach is utilized to estimate the market size, while secondary research is used to identify key players in the market. Primary research involves conducting interviews with significant opinion leaders and industry experts, including business owners and marketing specialists. Secondary research involves a thorough review of the annual and financial reports of top manufacturers to calculate their market revenues.
Electric Vehicle Power Train Market Regional Insights :
The research includes a global-level regional analysis, providing a comprehensive understanding of the dominant market share and penetration in different regions. It also highlights emerging regions expected to become major markets for Electric Vehicle Power Train . The report encompasses a competitive analysis, focusing on growth models, new strategies, and technologies adopted by key players in the market.
Electric Vehicle Power Train Market Segmentation :
Motor/Generator, Battery, Power Electronics Controller, Converter, Gearbox, and On-Board Charger are the subsegments of the market based on the component. With a revenue share of nearly 64% in 2022, the battery segment held the greatest position. The battery is the most crucial part when it comes to vehicle electrification. It is combined with other power sources in green cars, but it serves as the only power source in BEVs. Nearly half of a BEV’s total cost is related to the battery pack. Price reductions for battery packs are anticipated as a result of advancements in battery technology over the projection period.
The motor/generator segment is anticipated to increase at a rate over thirty percent during the projected period. The increasing use of BEVs and PHEVs throughout the world.
The market is divided into battery electric vehicles and hybrid electric vehicles based on technology. With a sales share of almost 71% in 2022, the BEV segment had the largest share. The
significant portion is related to a decline in sales of ICE cars and CO2 target limitations. In the long run, mass adoption of BEVs is a more effective way to reduce emissions and the overall cost of ownership. The demand for BEVs is anticipated to increase during the projected period due to advancements in battery technology and declining costs for Lithium-ion batteries.
With a CAGR of more than 36%, the HEV market is anticipated to expand at the fastest rate. These vehicles are designed to get the most out of an internal combustion engine coupled with a low-range,
Electric Vehicle Power Train Market Key Players :
• ZF Friedrichshafen AG • GKN PLC • Cummins Inc. • Meritor, Inc. • Robert Bosch GmbH • Magna International • Dana Incorporated • Bonfiglioli Riduttori S.P.A. • Hitachi Automotive Systems Ltd • BorgWarner Inc. • Bosch Limited • AVL List GmbH • Mitsubishi Electric Corp • Schaeffler AG • Nidec Corporation • Valeo • Continental AG • Magneti Marelli Ck Holdings
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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