Electric Powertrain Market worth $191.4 billion by 2027
                     MarketsandMarkets 
Presents
Electric Powertrain Market worth 
$191.4 billion by 2027
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arket-97605711.html
 
The report "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" The global electric powertrain market size 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% 
The growth of the global electric powertrain market is influenced by 
factors such as stringency in emission norms, government initiatives 
toward popularizing electric vehicles, and developments in various 
powertrain components. Therefore, the electric powertrain market is 
expected to witness significant growth in the future.
Browse 162 Market Data Tables and 53 Figures spread 
through 200 Pages and in-depth TOC on "Electric Powertrain 
Market”
MHEV powertrain is expected to grow at the fastest CAGR in the 
electric powertrain market
The 48V MHEV is an attractive revenue for automakers right now. It is 
capable of delivering 70% efficiency of a conventional ICE powertrain. 
Owing to slowdown in diesel-powered vehicles and stringency in CO2 
targets, manufacturers are turning to this technology for the market. 
According to Emission Analytics, the mass adoption of mild hybrids over 
BEVs is an effective solution to cut down emissions. Also, owing to the 
dropping prices of lithium-ion batteries, various automakers are turning 
to optimize lithium-ion batteries in their 48V systems. To optimize costs 
and packaging, Hella developed a 48V power pack that combines a 48V 
battery, BMS, and DC/DC converter, making it easier to integrate into 
the existing vehicle architecture.
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Motor/generator is expected to grow at the fastest CAGR in the 
BEV powertrain component market
Motor/generator is estimated to be the fastest growing segment in the 
BEV powertrain market. With the need to decrease CO2 emissions, 
automakers are switching to pure electric models. Various developments 
in motor/generators to improve the performance of the BEVs are also 
driving the BEV electric powertrain market. For example, Tesla Model S 
uses two motors, and Rimac Concept One uses four motors for improved 
performance. The rise in sales of BEVs and developments in BEV 
powertrain motor concepts will drive this market segment in the future.
Asia Pacific is expected to lead the electric powertrain market during 
the forecast period
Asia pacific is estimated to be the largest market for electric powertrains as 
China is at the forefront of this technology globally. With the intention of 
curbing pollution and making China a manufacturing superpower, the 
Chinese government has already spent heavily on incentivizing and 
subsidizing electric vehicle sales. Also, the allocation of funds for building the 
necessary electric vehicle infrastructure has also propelled the electric 
powertrain market in China with 466,100 public charging connectors—more 
than any other country in the world. India is also set to implement BS VI 
emission norms by 2020, encouraging the mass adoption of electric vehicles 
in the future. Government-owned power companies such as Energy Efficiency 
Services is planning to install 10,000 charging stations in the next two years. 
The South Korean government is offering subsidies for domestic 
manufacturing of electric vehicles and R&D in chips and batteries to increase 
the production capacity of zero-emission cars from the current 1% to 10% by 
2022. Additionally, the presence of major players in this region would drive 
the Asia Pacific electric powertrain market in the future.
The electric powertrain market is dominated by globally established players 
such as Bosch (Germany), Mitsubishi Electric (Japan), Magna (Canada), 
Continental AG (Germany), and Hitachi (Japan).
To speak to our analyst for a discussion on the above findings, click 
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Critical Questions:
• Many companies are operating in the electric powertrain market space 
across the globe. Do you know who are the front leaders, and what 
strategies have been adopted by them?
• Fast-paced developments in electric powertrain BEV components 
(such as motor/generator, power distribution module, battery 
management system, and inverter/converter) offered by leading 
providers are expected to change the dynamics of electric powertrain 
market. How will this transform the overall market?
• Which leading companies are working on electric powertrain 
components, and what organic and inorganic strategies have they 
adopted?
• Discussion on your client’s imperatives based on our existing research 
on the electric powertrain market and its ecosystems.
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