Revolutionizing the Electric Vehicle Powertrain Industry: Technological Advancements Shaping the Forecast Period of 2030

0
356

Market overview

According to MRFR analysis, the global Electric Vehicle Powertrain Market is expected to register a CAGR of ~34.70% from 2022 to 2030 and hold a value of over USD 956.44 billion by 2030.

The collection of parts that a vehicle's power train consists of is what propels the vehicle forward. The battery and electric motor are both parts of the electric powertrain, which also provides power transmission. This transfer of power is used to create the power that is later used to move or drive the vehicle. Performance, comfort, and safety are the defining characteristics of an electric powertrain for a vehicle. As a result, producers of powertrain systems and components have begun to use electric powertrains in their cars to cut down on fuel use. The driving shaft or propeller shaft, clutch or torque converter, differential, axles, and engine and gearbox are additional important parts of the powertrain. It is frequently used in battery electric vehicles (BEV), which run entirely on electricity.

Get Free Sample PDF Brochure  

Key Players

Some of the key market players are ZF Friedrichshafen AG, EPT Co. Inc, WEG, Bonfiglioli Riduttori S.P.A, IET S.p.A., Automation Tooling Systems Inc, GKN PLC, NXP Semiconductors, Robert Bosch, BorgWarner Inc, Continental AG, AVL List GmbH, Mitsubishi Electric Corp.

The innovations in battery technologies have made EVs more competitive than conventional ICE vehicles by offering an increase in range in a single charge. In the electric power-train system, batteries play an integral part. They carry an important part in the total cost of electric cars and how their cost is reduced crucially due to the advancement of technology, optimization of production procedures and the economies of scale. The price is expected to decrease over the estimated period. EVs are expected to pave the way for mass-market penetration to reach a Total Cost Ownership parity.

The covid-19 has impacted the economy of the markets globally. Lockdowns and shutdowns were implemented in various regions worldwide to stop the virus from spreading. This resulted in the breakage of supply chains due to a lack of transportation. Due to the shutdown of industries, production was also badly affected. The electric power-train vehicle market was mostly affected as there was a run of vehicles on the road due to strict restrictions. The market is vulnerable due to its dependency on global sourcing for the core of battery technology. The beginning purchase cost of EVs is more important than their gas-powered and hybrid counterparts. The market's growth is also affected by the rising price sensitivity of customers during the present crisis.

Market segmentation

By Outlook

  • BEV
  • HEV/PHEV

By Component

  • Motor/Generator
  • Battery
  • Power Electronics Controller
  • Converter
  • Transmission
  • On-Board Charger

Regional Analysis

The market for electric vehicle power trains in Asia Pacific is anticipated to develop at a substantial CAGR. A variety of legislative efforts supporting EV sales, such as EV sales quotas, fuel economy objectives, and advantages for EVs in the distribution of license plates in countries such as China, are the primary causes of the growing market penetration.

Industrial news

The key players are getting involved in M&A activities to join their place in the rapid growth. In December 2019, Weichai Power Co. acquired Aradex AG. In the same year, Nordesa Inc was acquired by Dana Inc.



Explore Trending Research Reports @

Automotive Engine Cooling System Market

Automotive Intake Manifold Market

 Alternative Fuel Vehicles Market 

 

Patrocinados
📢 System Update: Sharkbow Marketplace is Now Open!

We are excited to announce the **launch of the Sharkbow Marketplace!** 🎉 Now you can:

  • 🛍️ List and sell your products – Open your own store easily.
  • 📦 Manage orders effortlessly – Track sales and communicate with buyers.
  • 🚀 Reach thousands of buyers – Expand your business with ease.

Start selling today and grow your online business on Sharkbow! 🛒

Open Your Store 🚀
Buscar
Patrocinados

🚀 What Can You Do on Sharkbow?

Sharkbow.com gives you endless possibilities! Explore these powerful features and start creating today:

  • 📝 Create Posts – Share your thoughts with the world.
  • 🎬 Create Reels – Short videos that capture big moments.
  • 📺 Create Watch Videos – Upload long-form content for your audience.
  • 📝 Write Blogs – Share stories, insights, and experiences.
  • 🛍️ Sell Products – Launch and manage your online store.
  • 📣 Create Pages – Build your brand, business, or project.
  • 🎉 Create Events – Plan and promote your upcoming events.
  • 👥 Create Groups – Connect and build communities.
  • Create Stories – Share 24-hour disappearing updates.

Join Sharkbow today and make the most out of these features! 🚀

Start Creating Now 🚀
Categorías
Read More
Other
Oxidation Catalyst Market to Witness Revolutionary Growth by 2026
Oxidation Catalyst Market Growth The Global Oxidation Catalyst market report studies the market...
By Rushikesh Dhole 2022-10-31 06:27:08 0 398
Other
Medical Disinfectant Wipe Market Size splits by Region and Segment, Upcoming Trends, Growth Forecast to 2028
The report published on global Medical Disinfectant Wipe Market is an extensive...
By Adams Mark 2023-07-14 10:24:18 0 367
Other
Essential Tools and Equipment for Metal Sheet Fabrication
Metal sheet fabrication is a key process in the manufacturing industry, essential for producing a...
By Imathew Jaxson 2025-03-06 20:09:11 0 157
Health
Chronic Diseases Management Market Statistics, Growth Factors, Region and Country Analysis & Forecast To 2030
Chronic Disease Management Market Statistics and Research Report: By Solution (Educational...
By Jason Miller 2022-12-16 04:48:38 0 464
Other
Structural Core Materials Market, Growth Opportunities And Competitive Scenario 2030
Structural Core Materials Market Overview According to a report by Market Research Future,The...
By Akshay Gorde 2023-05-29 08:29:29 0 478