Electric Powertrain Market Size, Share, & Trend Analysis Report By Powertrain Product Type (Battery Electric Vehicle (BEV), Mild Hybrid, Series Hybrid, Parallel Hybrid, Series-Parallel Hybrid); By Vehicle Type (Light Vehicles, Cars, Light Trucks); By Regions, Segments & Forecast, 2019 – 2026
- Published Date:Jun-2019
- Pages: 101
- Format: PDF
- Report ID: PM1380
- Base Year: 2018
- Historical Data: 2015-2017
Report Summary
The global electric powertrain market size was valued at USD 257.5 billion in 2018 and is anticipated to grow at a CAGR of 11.3% during the forecast period. The transition from conventional internal combustion engines in conventional automobiles to electric vehicles in an effort to develop a sustainable future will enhance demand for e-powertrain in coming years. The automotive technologies are shifting from conventional gasoline engines and gravitating towards electric vehicle powertrain technologies in living up to expectations of a sustainable regime. The rising trend of initiating a low carbon environment in a singular approach to ward of global warming and make the most of various energy forms has led to the development of electric vehicles.
The EV market employs inverters and electric motors such as plug-in hybrids, hybrid electric, fuel cell electric and e-vehicles. Development of environmentally sound and powerful powertrain with innovative E-performance technologies is the primary technology that has got players interested in the present industry scenario. A replacement for the gasoline fed internal combustion engines for a lightweight, low vibration and instant torque generating machine is extremely needed. E-powertrain delivers smooth, high quality and responsive drives.
Know more about this report:request for sample pages
The market for the EVs has been rising at a furious pace adding to growth of electric powertrains. Major manufacturers have been investing in electric axle drives to cope up with excess sale of electric and hybrid vehicles to increase their market share. Companies have been increasing production facilities in China, japan and US and European region. The fall in cost of batteries is going to spur the sales of e-vehicles and this has a cascading effect on increasing sale of e-powertrains. Global warming is also causing Government to sit up and take notice of greenhouse gas emissions. The production and sales of EVs has also been growing world over at an alarming rate owing to positive regulatory policies such as subsidies and tax sops for both industry and consumers in particular. China is slated to become the largest market for EV’s. Although the Growth in the Chinese market was lackluster in 2018, the production is expected to bounce back. In commercial vehicle segment, China remained leader globally. E-Powertrain has distinct advantages over traditional hydraulic and mechanical powertrains, but with a lot of ground to be covered still in order to be a successful product line and a straightforward alternative to petrol induced combustion engine. The market consolidation by E –powertrains has still a long way to go with speed of electrification not taking off owing to various technological issues, policies and market drivers. Successful technological developments and changes especially lithium-ion -based battery technology has outsmarted most of technological challenges. Current powertrains such as diesel electric, full electric and hybrid powertrains offer similar performance as conventional types.
Electric Powertrain Market Scope
By Powertrain Product type |
By Vehicle Type |
By Region |
|
|
|
Know more about this report:request for sample pages
The global e-powertrain industry is segmented based on product type, vehicle types and region. The product type is further segmented into BEV, Mild Hybrid Powertrain, Series Hybrid Powertrain, parallel Hybrid Powertrain and series-parallel hybrid powertrains. The vehicle segment is classified into light vehicles, cars and light trucks.
Product type Outlook
BEV leads the market with most units sold. BEV are powered by electric energy, typically a large battery pack and a large electric motor. BEV is currently much popular because of reduction in battery prices and low or zero harmful emissions in the environment. Plug-in hybrid powertrains are predictably known to be the fast-growing segment in future as PHEV is the current infrastructure for EV.
Vehicle Type Outlook
It is anticipated that the cars segment would be one of the largest in this market owing to the large number of manufacturers focusing on electric cars. Light vehicles such as electric bikes and other electric transporters are estimated to gain traction in the coming years owing to their demands in the regions such as Asia Pacific, Europe and the Americas. Market for usage of electric powertrains in trucks is anticipated to grow at a lower pace as compared to the other two vehicle types since there are few companies focusing exclusively on trucks. It can be seen that the market is trending towards more focus on electric cars. However major companies such as Volvo have entered the market with their electric trucks, companies such as GM and Daimler are focusing on electric trucks during the forecast period.
Regional Outlook
Asia Pacific is the largest market for growth of electric vehicles with China being the most significant player in the market as demand for e-powertrains has also augmented in the region. However the global industry is not without its share of drawbacks, Product price is quite high and is a serious deterrent in countries with lower economic growth. Furthermore, maintenance is costly and requires frequent charging and changing of batteries. Lead dissipation from batteries is also a restraint to growth.
Competitive Analysis
Electric powertrain manufacturers across the globe are entering Chinese market to explore the possibility of joint ventures and get into meaningful partnerships by capitalizing on increasing demand for EV’s. For e.g., Magna International has got into an agreement with Huayu auto systems to expand its electric drive market in China. Beginning 2020, Volvo International will manufacture only EV’s and Hybrid cars. Volkswagen recently unveiled its XEV Platform with a goal of achieving a 600km electric driving range in its compact car concept. Daimler showcased an electric SUV Coupe called Generation EQ at the Paris Motor Show That is based on dedicated EV Architecture. Other manufacturers are planning similar concepts to get a lead in the extremely animated electric powertrain market. The key industry players in e-powertrain market include AVL LIST GmbH, ARC CORE, ALTe Technologies, IET S.p.A, ATS Automation Tooling Systems, Inc., EptDyn, TM4, Jayem Automotives, BMW Motorrad International and AllCell Technologies LLC.
License and Pricing
Purchase Report Sections
- Regional analysis
- Segmentation analysis
- Industry outlook
- Competitive landscape
Connect with experts
Suggested Report
- Biologics Contract Development Market Share, Size, Trends, Industry Analysis Report, 2022 - 2030
- Business Jet Market Share, Size, Trends, Industry Analysis Report, 2022 - 2030
- Cell Therapy Technologies Market Share, Size, Trends, Industry Analysis Report, 2022 - 2030
- Advanced Carbon Materials Market Share, Size, Trends, Industry Analysis Report, 2022 - 2030
- Real-time Location Systems Market Share, Size, Trends, Industry Analysis Report, 2022 - 2030
© 2022 Polaris Market Research and Consulting. All rights reserved
