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Market Research Report
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1021106

Electric Powertrain Market Size, Share & Trends Analysis Report By Component (Motor/Generator, Battery), By Electric Vehicle (BEV, HEV/PHEV), By Region, And Segment Forecasts, 2021 - 2028

Published: | Grand View Research, Inc. | 130 Pages | Delivery time: 2-10 business days

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Electric Powertrain Market Size, Share & Trends Analysis Report By Component (Motor/Generator, Battery), By Electric Vehicle (BEV, HEV/PHEV), By Region, And Segment Forecasts, 2021 - 2028
Published: July 21, 2021
Grand View Research, Inc.
Content info: 130 Pages
Delivery time: 2-10 business days
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  • Table of Contents
Description

Electric Powertrain Market Growth & Trends

The global electric powertrain market size is expected to reach USD 654.95 billion by 2028, registering a CAGR of 33.5% over the forecast period, according to a new report by Grand View Research, Inc. The market for pure electric and plug-in hybrid vehicles has been growing significantly, in turn, creating an increasing demand for automotive electric powertrains. Governments in various countries are taking initiatives to promote the development of Electric Vehicles (EVs). For instance, in 2020, the U.S. Department of Energy announced a public investment of USD 400 billion in clean energy. The investment would help develop 500,000 charging outlets for electric vehicles by the end of 2030.

The rising sales of EVs have propelled prominent automotive component manufacturers to aggressively focus on developing essential EV components to gain a competitive edge. Prominent manufacturers in the market are primarily focusing on enhancing their facilities in countries, such as China and the U.S. For instance, in February 2020, Nidec Corporation invested around USD 1.8 billion to expand its EV powertrain business. The company's three new facilities located in Poland, China, and Mexico would deliver up to 8.4 million electric motors every year.

Asia Pacific is projected to grow at a substantial CAGR over the forecast period owing to the increase in demand for EVs and the rise in the per capita income of people. Countries, such as China, South Korea, and India, are among the prominent manufacturers of automobiles. Stringent government regulations and emission norms, including BS-VI in India, are also expected to contribute to the growth of the Asia Pacific market. However, the COVID-19 pandemic has interrupted the ten consecutive years of robust growth of EVs, mainly impacting sales in countries, such as China. With factory shutdowns, declining vehicle sales, and decreasing use of public transit, the automotive supply chains have been heavily disrupted by the pandemic. Europe is a crucial market for electric powertrains and holds a substantial share of automotive production. Countries, such as Finland, Norway, Sweden, and the Netherlands, have the highest adoption rate of EVs in the world. This, along with the presence of several automotive OEMs, is estimated to drive market growth in Europe.

Electric Powertrain Market Report Highlights:

  • The motor/generator component segment is anticipated to witness the fastest CAGR from 2021 to 2028
  • The growth is credited to the increasing penetration of BEVs and PHEVs across the globe
  • The HEV/PHEV segment is anticipated to witness the highest CAGR exceeding 36% over the forecast period
  • This growth can be attributed to the charging flexibility benefits offered by these vehicles
  • Asia Pacific is expected to expand at a high CAGR of more than 34% over the forecast period
  • The regional market is driven by the increasing adoption of EVs in countries, such as China and India
Table of Contents
Product Code: GVR-4-68038-764-3

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Market Segmentation & Scope
  • 1.2 Market Definition
  • 1.3 Information Procurement
    • 1.3.1 Purchased Database
    • 1.3.2 GVR's Internal Database
    • 1.3.3 Secondary Sources & Third-Party Perspectives
    • 1.3.4 Primary Research
  • 1.4 Information Analysis
  • 1.5 Market Formulation & Data Visualization
  • 1.6 Data Validating & Publishing

Chapter 2 Executive Summary

  • 2.1 Market Outlook

Chapter 3 Market Variables, Trends, & Scope

  • 3.1 Penetration and Growth Prospect Mapping
  • 3.2 Electric Powertrain - Value Chain Analysis
  • 3.3 Electric Powertrain Market Dynamics
    • 3.3.1 Market Drivers Analysis
    • 3.3.2 Market Restraint Analysis
  • 3.4 Electric Powertrain Industry Analysis - PESTLE
  • 3.5 Electric Powertrain Industry Analysis - Porter's

Chapter 4 Electric Powertrain Market: Electric Vehicle Estimates & Trend Analysis

  • 4.1 Electric Vehicle Movement Analysis & Market Share, 2020 & 2028
  • 4.2 Market Size & Forecasts and Trends Analysis, 2016-2028 (USD Billion, Units)
    • 4.2.1 BEV
    • 4.2.2 HEV/PHEV

Chapter 5 BEV Electric Powertrain Market: Component Estimates & Trend Analysis

  • 5.1 Component Movement Analysis & Market Share, 2020 & 2028
  • 5.2 Market Size & Forecasts and Trends Analysis, 2016-2028 (USD Billion)
    • 5.2.1 Motor/Generator
    • 5.2.2 Battery
    • 5.2.3 Power Electronics Controller
    • 5.2.4 Converter
    • 5.2.5 Transmission
    • 5.2.6 On-Board Charger

Chapter 6 HEV/PHEV Electric Powertrain Market: Component Type Estimates & Trend Analysis

  • 6.1 Vehicle Type Movement Analysis & Market Share, 2020 & 2028
  • 6.2 Market Size & Forecasts and Trends Analysis, 2016-2028 (USD Billion)
    • 6.2.1 Motor/Generator
    • 6.2.2 Battery
    • 6.2.3 Power Electronics Controller
    • 6.2.4 Converter
    • 6.2.5 Transmission
    • 6.2.6 On-Board Charger

Chapter 7 Electric Powertrain Market: Regional Estimates & Trend Analysis

  • 7.1 Regional Movement Analysis & Market Share, 2020 & 2028
  • 7.2 Market Size & Forecasts and Trends Analysis, 2016-2028 (USD Billion, Units)
    • 7.2.1 North America
      • 7.2.1.1 U.S.
      • 7.2.1.2 Canada
    • 7.2.2 Europe
      • 7.2.2.1 Germany
      • 7.2.2.2 U.K.
      • 7.2.2.3 France
      • 7.2.2.3 Norway
      • 7.2.2.3 Sweden
    • 7.2.3 Asia Pacific
      • 7.2.3.1 China
      • 7.2.3.2 Japan
      • 7.2.3.3 South Korea
    • 7.2.4 Rest of the World

Chapter 8 Competitive Landscape

  • 8.1 Key Company Analysis, 2020
  • 8.2 Company Profiles
    • 8.2.1 BorgWarner
      • 8.2.1.1 Company Overview
      • 8.2.1.2 Financial Performance
      • 8.2.1.3 Product Benchmarking
      • 8.2.1.4 Strategic Initiatives
    • 8.2.2 Bosch Limited
      • 8.2.2.1 Company Overview
      • 8.2.2.2 Financial Performance
      • 8.2.2.3 Product Benchmarking
      • 8.2.2.4 Strategic Initiatives
    • 8.2.3 Mitsubishi Electric Corp
      • 8.2.3.1 Company Overview
      • 8.2.3.2 Financial Performance
      • 8.2.3.3 Product Benchmarking
      • 8.2.3.4 Strategic Initiatives
    • 8.2.4 Magna International Inc.
      • 8.2.4.1 Company Overview
      • 8.2.4.2 Financial Performance
      • 8.2.4.3 Product Benchmarking
      • 8.2.4.4 Strategic Initiatives
    • 8.2.5 Schaeffler AG
      • 8.2.5.1 Company Overview
      • 8.2.5.2 Financial Performance
      • 8.2.5.3 Product Benchmarking
      • 8.2.5.4 Strategic Initiatives
    • 8.2.6 ZF Friedrichshafen AG
      • 8.2.6.1 Company Overview
      • 8.2.6.2 Financial Performance
      • 8.2.6.3 Product Benchmarking
      • 8.2.6.4 Strategic Initiatives
    • 8.2.7 Valeo
      • 8.2.7.1 Company Overview
      • 8.2.7.2 Financial Performance
      • 8.2.7.3 Product Benchmarking
      • 8.2.7.4 Strategic Initiatives
    • 8.2.8 Nidec Corporation
      • 8.2.8.1 Company Overview
      • 8.2.8.2 Financial Performance
      • 8.2.8.3 Product Benchmarking
      • 8.2.8.4 Strategic Initiatives
    • 8.2.9 Continental AG
      • 8.2.9.1 Company Overview
      • 8.2.9.2 Financial Performance
      • 8.2.9.3 Product Benchmarking
      • 8.2.9.4 Strategic Initiatives
    • 8.2.10 Magneti Marelli Ck Holdings
      • 8.2.10.1 Company Overview
      • 8.2.10.2 Financial Performance
      • 8.2.10.3 Product Benchmarking
      • 8.2.10.4 Strategic Initiatives

List of Tables

  • Table 1 List of abbreviations
  • Table 2 Motor/generator market, 2016 - 2028 (USD Billion)
  • Table 3 Battery market, 2016 - 2028 (USD Billion)
  • Table 4 Power electronics controller market, 2016 - 2028 (USD Billion)
  • Table 5 Converter market, 2016 - 2028 (USD Billion)
  • Table 6 Transmission market, 2016 - 2028 (USD Billion)
  • Table 7 On-board charger market, 2016 - 2028 (USD Billion)
  • Table 8 BEV market, 2016 - 2028 (USD Billion, Units)
  • Table 9 HEV/PHEV market, 2016 - 2028 (USD Billion, Units)
  • Table 10 North America electric powertrain market, by component, 2016 - 2028 (USD Billion)
  • Table 11 North America electric powertrain market, by electric vehicle, 2016 - 2028 (USD Billion, Units)
  • Table 12 The U.S. electric powertrain market, by component, 2016 - 2028 (USD Billion)
  • Table 13 The U.S. electric powertrain market, by electric vehicle, 2016 - 2028 (USD Billion, Units)
  • Table 14 Canada electric powertrain market, by component, 2016 - 2028 (USD Billion)
  • Table 15 Canada electric powertrain market, by electric vehicle, 2016 - 2028 (USD Billion, Units)
  • Table 16 Europe electric powertrain market, by component, 2016 - 2028 (USD Billion)
  • Table 17 Europe electric powertrain market, by electric vehicle, 2016 - 2028 (USD Billion, Units)
  • Table 18 The U.K. electric powertrain market, by component, 2016 - 2028 (USD Billion)
  • Table 19 The U.K. electric powertrain market, by electric vehicle, 2016 - 2028 (USD Billion, Units)
  • Table 20 Germany electric powertrain market, by component, 2016 - 2028 (USD Billion)
  • Table 21 Germany electric powertrain market, by electric vehicle, 2016 - 2028 (USD Billion, Units)
  • Table 22 Norway electric powertrain market, by component, 2016 - 2028 (USD Billion)
  • Table 23 Norway electric powertrain market, by electric vehicle, 2016 - 2028 (USD Billion, Units)
  • Table 24 Sweden electric powertrain market, by component, 2016 - 2028 (USD Billion)
  • Table 25 Sweden electric powertrain market, by electric vehicle, 2016 - 2028 (USD Billion, Units)
  • Table 26 France electric powertrain market, by component, 2016 - 2028 (USD Billion)
  • Table 27 France electric powertrain market, by electric vehicle, 2016 - 2028 (USD Billion, Units)
  • Table 28 Asia Pacific electric powertrain market, by component, 2016 - 2028 (USD Billion)
  • Table 29 Asia Pacific electric powertrain market, by electric vehicle, 2016 - 2028 (USD Billion, Units)
  • Table 30 China electric powertrain market, by component, 2016 - 2028 (USD Billion)
  • Table 31 China electric powertrain market, by electric vehicle, 2016 - 2028 (USD Billion, Units)
  • Table 32 South Korea electric powertrain market, by component, 2016 - 2028 (USD Billion)
  • Table 33 South Korea electric powertrain market, by electric vehicle, 2016 - 2028 (USD Billion, Units)
  • Table 34 Japan electric powertrain market, by component, 2016 - 2028 (USD Billion)
  • Table 35 Japan electric powertrain market, by electric vehicle, 2016 - 2028 (USD Billion, Units)
  • Table 36 Rest of the World electric powertrain market, by component, 2016 - 2028 (USD Billion)
  • Table 37 Rest of the World electric powertrain market, by electric vehicle, 2016 - 2028 (USD Billion, Units)

List of Figures

  • Fig. 1 Electric powertrain market research methodology
  • Fig. 2 Electric powertrain market data triangulation technique
  • Fig. 3 Electric powertrain market primary research scope
  • Fig. 4 Electric powertrain market: Market segmentation
  • Fig. 5 Electric powertrain market: Market snapshot, 2020
  • Fig. 6 Electric powertrain market: Value chain analysis
  • Fig. 7 Electric powertrain market: Penetration and growth prospect mapping
  • Fig. 8 Electric powertrain market: Key company analysis, 2020
  • Fig. 9 Electric powertrain market: PESTEL analysis
  • Fig. 10 Electric powertrain market: Porter's five forces analysis
  • Fig. 11 Electric powertrain market: Electric vehicle segment analysis, 2016 - 2028 (USD Billion, Units)
  • Fig. 12 BEV Electric powertrain market: Component segment analysis, 2016 - 2028 (USD Billion)
  • Fig. 13 HEV/PHEV Electric powertrain market: Component segment analysis, 2016 - 2028 (USD Billion)
  • Fig. 14 Electric powertrain market: Regional segment analysis, 2016 - 2028
  • Fig. 15 Electric powertrain market: North America regional analysis, 2016 - 2028
  • Fig. 16 Electric powertrain market: Europe regional analysis, 2016 - 2028
  • Fig. 17 Electric powertrain market: Asia Pacific regional analysis, 2016 - 2028
  • Fig. 18 Electric powertrain market: Rest of the World regional analysis, 2016 - 2028