Global Automotive Battery Powered Propulsion System Market Growth 2023-2029

Global Automotive Battery Powered Propulsion System Market Growth 2023-2029

Battery powered propulsion systems finds application in hybrid and electric vehicles and therefore this is one of the lucrative automotive markets of the future as the penetration rate of hybrid and electric vehicles is still below average in the developing and under-developed countries.

LPI (LP Information)' newest research report, the “Automotive Battery Powered Propulsion System Industry Forecast” looks at past sales and reviews total world Automotive Battery Powered Propulsion System sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Battery Powered Propulsion System sales for 2023 through 2029. With Automotive Battery Powered Propulsion System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Battery Powered Propulsion System industry.

This Insight Report provides a comprehensive analysis of the global Automotive Battery Powered Propulsion System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Battery Powered Propulsion System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Battery Powered Propulsion System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Battery Powered Propulsion System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Battery Powered Propulsion System.

The global Automotive Battery Powered Propulsion System market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Growing clean fuel passenger vehicle industry in Germany, France, and the U.S. are expected to drive product demand over the forecast period. Asia Pacific is estimated to emerge as the fastest growing market for vehicle electrification. This can be attributed to rising rate of utilization in Japan and China. Increasing consumer disposable incomes along with expanding automotive manufacturing industry in emerging economies of India, Thailand and Malaysia is expected to create lucrative opportunities for industry participants in near future.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Battery Powered Propulsion System market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Lithium-ion
Nickel Metal Hydride
Others

Segmentation by application
Plug-in (EV)
Hybrid Electric Vehicle (HEV)
On- & Off-road EV

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
RobertBoschGmbh
Denso Corporation
JTET Corporation
Nexteer Automotive
TRW Automotive Holding
Mitsubishi Electric Corporation
A123 Systems
GS Yuasa Corp.
NEC Corp.
E-One Moli Energy Corp.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Battery Powered Propulsion System market?

What factors are driving Automotive Battery Powered Propulsion System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Battery Powered Propulsion System market opportunities vary by end market size?

How does Automotive Battery Powered Propulsion System break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.