Future of E-Powertrain Market by integration type (Integrated & Non-integrated), Component (Motor, Battery, BMS, Controller, PDM, Inverter/Converter, On-Board Charger), Propulsion (BEV, PHEV), Vehicle Type (PC & LCV) and Region - Global Forecast to 2032

Future of E-Powertrain Market by integration type (Integrated & Non-integrated), Component (Motor, Battery, BMS, Controller, PDM, Inverter/Converter, On-Board Charger), Propulsion (BEV, PHEV), Vehicle Type (PC & LCV) and Region - Global Forecast to 2032

The electric powertrain market is projected to grow from 18,181 thousand units in 2024 to 51,288 thousand units by 2032, at a CAGR of 13.8% during the forecast period. The market is expected to grow as more consumers and businesses realize the benefits of electric vehicles. With ambitious goals set by all major OEMs for zero-emission vehicles to meet net-zero emissions targets, battery electric vehicles (BEVs) are projected to capture a significant market share. According to IEA, the total number of electric cars on the road is now ~40 million, with sales concentrated mainly in China, Europe, and the United States, which account for 95% of the global market. In 2023, China alone accounted for 60% of global EV sales, while Europe and the US contributed 25% and 10%, respectively. The growing adoption of EVs is due to government incentives, technological advancements, and the need for sustainable transport, fuelling demand for efficient e-powertrain systems. As the EV market matures, increased price competition, regulatory changes, and battery recycling considerations will further shape the e-powertrain landscape.

“Passenger cars segment is estimated to hold the largest market share during the forecast period.”

China leads the global electric passenger car market, driven by strong government support, local manufacturing dominance, and a robust infrastructure. Nearly 70% of EV sales in China involve economy or mid-range models, while the premium ones account for 30%. Electric cars are highly in demand in Germany, France, Norway, Sweden, and the UK through regulations that now aim to have zero emissions by 2035 although targets are likely to be reviewed by 2025. In an expanded global perspective, more than 70% of electric vehicles in use have powertrains integrated with fully integrated systems such as 2-in-1 and 3-in-1 designs. APAC is a place where SUVs always dominate, accounting for 60% of the sales of EVs. This demand drives innovations in battery capacity, types of motor, and power electronics.

Manufacturers are focusing on next-generation Permanent Magnet Synchronous Motors (PMSMs) and 800V high-voltage architectures that will help to better the efficiency, performance, and charging speeds for electric vehicles. Models like the BYD Seal and the Porsche Macan EV should help drive these trends, particularly with the higher adoption of 6-phase motors, especially for autonomous driving. Such technologies will be critical for capturing this nascent demand and furthering the expansion of the market in the coming future.



“E-motors is estimated to be the fastest growing market by 2032.”

E-motors are projected to grow fastest in the electric powertrain market by 2032, driven by the need for higher efficiency and performance. Most of the electric passenger cars which exist today use 60-100 kW motors or PMSMs. For premium models like BMW and Tesla, they are using 100-200 kW motors mainly for high performance and good range.

Mostly EVs today mainly use Permanent Magnet Synchronous Motors (PMSMs) for their efficiency and cost-effectiveness, particularly in mid-range cars. In the future, we will see a shift towards advanced motor types, such as Axial Flux Motors and Permanent Magnet-Assisted Synchronous Reluctance Motors, which offer higher torque, power density, and improved efficiency. Such technologies are in high demand, owing to compact design and minimal usage of rare earth metals.

The cost of e-motors is expected to further decrease as by 2025 with the advancement of high-voltage architectures and integrated motor designs, hereby advancing it toward wider accessibility of EVs. Future e-motors will come in the form of dual-motor configurations for AWD and high performance, designing with a strong emphasis on modularity, energy efficiency, and sustainability.

“Europe is anticipated to be one of the fastest markets over the forecast period.”

As the adoption of EVs has grown significantly, automakers are providing extended ranges and an increased number of models that offer more choices and innovative features, which is why many buyers are now considering electric and hybrid vehicles as their next purchase. Several leading automobile manufacturers have been investing significantly in electric vehicles by the producers of Europe, and subsequently, there is a greater variety of battery electric vehicles arriving in Europe.

In Europe, the EV market is dominated by compact, mid-size, and premium models with battery capacities ranging from 40 kWh to over 100 kWh. Compact and mid-size EVs are available with 40-60 kWh battery capacities and more premium models with 70-100 kWh+ battery capacities. The long-range and performance variants are preferred with higher capacity batteries. The major key OEM for the battery category includes Volkswagen, Tesla, Renault, BMW, and Mercedes-Benz, and more in capacities.

European auto manufacturers are investing in 800V powertrain architectures that support fast charging and efficiency, electric motors more efficient than those available today, and integrated thermal management. Particularly integrated ePowertrains have also become mainstream today because they also can reduce costs and allow for higher scalability. Solid state batteries will yield even bigger leaps forward soon. As automakers ramp up production and diversify their BEV offerings, this momentum drives significant growth in the powertrain market. Increased demand for electric vehicles and advancements in vehicle technology will continue to fuel the development and expansion of powertrain systems, which are essential for EVs' performance, efficiency, and sustainability.

By Company Type: Tier 1 – 70%, Tier 2 – 30%.

By Designation: C Level – 40%, D Level – 35%, and Others – 25%

By Region: North America – 5%, Europe – 20%, Asia Pacific – 60%, and ROW– 5%

Research Coverage:

The electric powertrain market is segmented by vehicle type (Passenger Cars and Light Commercial Vehicles) and region (Asia Pacific, Europe, and North America). The market study includes technology analysis (E-Motors, Batteries, Thermal/Battery Management, Power Electronics), Supplier Analysis, and Regulatory Framework.

Reasons to buy this report:

The report will provide market leaders and new entrants with information on the closest approximations of the sales numbers for the E-powertrain market and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report provides insights on the following pointers:

Technology Analysis: Insights on current and upcoming technologies, future investments, and critical OEMs and supplier strategies. Covered major electric powertrain components, technological trends such as the Integrated Drive system, and market players providing these.

Market Landscape by vehicle type (Passenger Cars and Light Commercial Vehicles), by propulsion type (BEV and PHEV), By integration type (Integrated vs. Non-integrated)

Supplier Analysis: The report analyzes market players, growth strategies, and product offerings of leading players. It also helps stakeholders understand the strategy of the electric powertrain key suppliers and provides information on their recent developments and investments in the market. OEM-wise decarbonization targets are also covered.

Pricing Analysis: The report consists of pricing analysis for integrated vs. non-integrated drive systems.

Tables List

Table 1 Market Scope

Table 2 Inclusions And Exclusions

Table 3 Research Assumptions

Table 4 Risk And Impact Analysis For Electric Powertrain Market

Table 5 Research Assumptions For Phev And Bev Powertrain Components

Table 6 Electric Powertrain Market, By Vehicle Type,

2020–2023 (Thousand Units)

Table 7 Electric Powertrain Market, By Vehicle Type,

2024–2032 (Thousand Units)

Table 8 Electric Passenger Car Powertrain Market, By Propulsion,

2020–2023 (Thousand Units)

Table 9 Electric Passenger Car Powertrain Market, By Propulsion,

2024–2032 (Thousand Units)

Table 10 Electric Passenger Car Powertrain Market, By Region,

2020–2023 (Thousand Units)

Table 11 Electric Passenger Car Powertrain Market, By Region,

2024–2032 (Thousand Units)

Table 12 Electric Light Commercial Vehicles Powertrain Market, By Region, 2020–2023 (Thousand Units)

Table 13 Electric Light Commercial Vehicles Powertrain Market, By Region, 2024–2032 (Thousand Units)

Table 14 Battery Electric Passenger Car Powertrain Market, By Component, 2020–2023 (Thousand Units)

Table 15 Battery Electric Passenger Car Powertrain Market, By Component, 2024–2032 (Thousand Units)

Table 16 Plug-in Hybrid Electric Passenger Car Powertrain Market,

By Component, 2020–2023 (Thousand Units)

Table 17 Plug-in Hybrid Electric Passenger Car Powertrain Market,

By Component, 2024–2032 (Thousand Units)

Table 18 Motors: Bev Powertrain Market, By Region,

2020–2023 (Thousand Units)

Table 19 Motors: Bev Powertrain Market, By Region,

2024–2032 (Thousand Units)

Table 20 Motors: Phev Powertrain Market, By Region,

2020–2023 (Thousand Units)

Table 21 Motors: Phev Powertrain Market, By Region,

2024–2032 (Thousand Units)

Table 22 Batteries: Bev Powertrain Market, By Region,

2020–2023 (Thousand Units)

Table 23 Batteries: Bev Powertrain Market, By Region,

2024–2032 (Thousand Units)

Table 24 Batteries: Phev Powertrain Market, By Region,

2020–2023 (Thousand Units)

Table 25 Batteries: Phev Powertrain Market, By Region,

2024–2032 (Thousand Units)

Table 26 Battery Management Systems: Bev Powertrain Market,

By Region, 2020–2023 (Thousand Units)

Table 27 Battery Management Systems: Bev Powertrain Market,

By Region, 2024–2032 (Thousand Units)

Table 28 Battery Management Systems: Phev Powertrain Market,

By Region, 2020–2023 (Thousand Units)

Table 29 Battery Management Systems: Phev Powertrain Market, By Region, 2024–2032 (Thousand Units)

Table 30 Control Units: Bev Powertrain Market, By Region,

2020–2023 (Thousand Units)

Table 31 Control Units: Bev Powertrain Market, By Region,

2024–2032 (Thousand Units)

Table 32 Control Units: Phev Powertrain Market, By Region,

2020–2023 (Thousand Units)

Table 33 Control Units: Phev Powertrain Market, By Region,

2024–2032 (Thousand Units)

Table 34 Inverters: Bev Powertrain Market, By Region,

2020–2023 (Thousand Units)

Table 35 Inverters: Bev Powertrain Market, By Region,

2024–2032 (Thousand Units)

Table 36 Inverters: Phev Powertrain Market, By Region,

2020–2023 (Thousand Units)

Table 37 Inverters: Phev Powertrain Market, By Region,

2024–2032 (Thousand Units)

Table 38 Power Distribution Modules: Bev Powertrain Market, By Region,

2020–2023 (Thousand Units)

Table 39 Power Distribution Modules: Bev Powertrain Market, By Region,

2024–2032 (Thousand Units)

Table 40 Power Distribution Modules: Phev Powertrain Market, By Region, 2020–2023 (Thousand Units)

Table 41 Power Distribution Modules: Phev Powertrain Market, By Region, 2024–2032 (Thousand Units)

Table 42 On-board Chargers: Bev Powertrain Market, By Region,

2020–2023 (Thousand Units)

Table 43 On-board Chargers: Bev Powertrain Market, By Region,

2024–2032 (Thousand Units)

Table 44 On-board Chargers: Phev Powertrain Market, By Region,

2020–2023 (Thousand Units)

Table 45 On-board Chargers: Phev Powertrain Market, By Region,

2024–2032 (Thousand Units)

Table 46 Lcv Bev Powertrain Market, By Component, 2020–2023 (Thousand Units)

Table 47 Lcv Bev Powertrain, By Component, 2024–2032 (Thousand Units)

Table 48 Lcv Motors Market, By Region, 2020–2023 (Thousand Units)

Table 49 Lcv Motors Market, By Region, 2024–2032 (Thousand Units)

Table 50 Lcv Batteries Market, By Region, 2020–2023 (Thousand Units)

Table 51 Lcv Batteries Market, By Region, 2024–2032 (Thousand Units)

Table 52 Lcv Battery Management Systems Market, By Region,

2020–2023 (Thousand Units)

Table 53 Lcv Battery Management Systems Market, By Region,

2024–2032 (Thousand Units)

Table 54 Lcv Control Units Market, By Region, 2020–2023 (Thousand Units)

Table 55 Lcv Control Units Market, By Region, 2024–2032 (Thousand Units)

Table 56 Lcv Inverters Market, By Region, 2020–2023 (Thousand Units)

Table 57 Lcv Inverters Market, By Region, 2024–2032 (Thousand Units)

Table 58 Lcv Power Distribution Modules Market, By Region,

2020–2023 (Thousand Units)

Table 59 Lcv Power Distribution Modules Market, By Region,

2024–2032 (Thousand Units)

Table 60 Lcv On-board Chargers Market, By Region, 2020–2023 (Thousand Units)

Table 61 Lcv On-board Chargers Market, By Region, 2024–2032 (Thousand Units)

Table 62 List Of Countries/States With Targets To Phase Out Ice Vehicles And Adopt Electric Vehicles (Bev/Fcev)

Table 63 Europe Zev Targets For Light-duty Vehicles

Table 64 Asia Pacific Zev Targets For Light-duty Vehicles

Table 65 North American Zev Targets For Light-duty Vehicles

Table 66 Oem Investments For Electrification

Table 67 Electric Fleet Commitments By Leading Companies

Table 68 China: Recent Regulations

Table 69 Emission Regulation Outlook Of China, 2021–2023

Table 70 Pollutant Limit Reduction From China 5 To China 6b

Table 71 Vehicle Fuel Efficiency Standards

Table 72 Passenger Cars Gasoline/Lpg Motor Vehicles

Table 73 Trucks And Buses Gasoline/Lpg Motor Vehicles

Table 74 Passenger Cars Diesel Motor Vehicles

Table 75 Trucks And Buses Diesel Motor Vehicles

Table 76 Bs7 Emissions

Table 77 Pollutant Limit Reduction From Bs Vi To Bs Vii

Table 78 Pollutant Limit Reduction From Bs Vi-1 To Bs Vi-2

Table 79 Passenger Car: Pollutant Limit Reduction From Euro 6 To Euro 7

Table 80 Proposed Euro 7 Emission Limits For Category M1 And

N2 Vehicles With Ice

Table 81 Gasoline Light Commercial Vehicle: Pollutant Limit Reduction From Euro 6 To Euro 7

Table 82 Diesel Light Commercial Vehicle: Pollutant Limit Reduction

From Euro 6 To Euro 7

Table 83 Tier 3 Emission Standards For Light-duty Vehicles &

Heavy-duty Vehicles

Table 84 Tier 3 Fleet Average Nmog+Nox Ftp Standards (Mg/Mi)

Table 85 Tier 3 Fleet Average Nmog+Nox Sftp Standards

Table 86 Tier 4 Emission Standards Phase-in Schedules, Percentage Of Manufacturers’ Fleet

Table 87 Tier 4 Nmog+Nox Fleet-average Emission Standards (Mg/Mi)

Table 88 Passenger And Lcv Co-emissions In Us, 2022–2026

Table 89 Volkswagen Platforms

Table 90 Volkswagen Current And Upcoming Models And Platforms Used

Table 91 Bmw Platforms

Table 92 Bmw Current And Upcoming Models And Platforms Used

Table 93 Stellantis Platforms

Table 94 Stellantis Current And Upcoming Models And Platforms Used

Table 95 Ford Platforms

Table 96 Ford's Current And Upcoming Models And Platforms Used

Table 97 General Motors Platforms

Table 98 Gm Current And Upcoming Models And Platforms Used

Table 99 Renault Nissan Mitsubishi Platforms

Table 100 Renault Nissan Mitsubishi Current And Upcoming Models And Platforms Used

Table 101 Toyota Platforms

Table 102 Toyota Current And Upcoming Models And Platforms Used

Table 103 Hyundai Platforms

Table 104 Hyundai Current And Upcoming Models And Platforms Used

Table 105 Honda Motor Co., Ltd. Platforms

Table 106 Honda Motor Co., Ltd Current And Upcoming Models

And Platforms Used

Table 107 Battery Electric Passenger Car Powertrain Market, By Integration Type, 2020–2023 (Thousand Units)

Table 108 Battery Electric Passenger Car Powertrain Market, By Integration Type, 2024–2032 (Thousand Units)

Table 109 Electric Vehicle Models: 400 V And 800 V Architecture

Table 110 Motor: Future Investments By Key Suppliers

Table 111 Motor: Key Stakeholders And Supply Strategies

Table 112 Power Electronics: Future Investment By Key Suppliers

Table 113 Power Electronics: Key Stakeholders And Supply Strategies

Table 114 Battery: Future Investments By Key Suppliers

Table 115 Battery: Key Stakeholders And Supply Strategies

Table 116 Thermal Management For Motors: Future Investments

By Key Suppliers

Table 117 Thermal Management For Motors: Key Stakeholders

And Supply Strategies

Table 118 Robert Bosch Gmbh: Company Overview

Table 119 Robert Bosch Gmbh: Recent Developments

Table 120 Robert Bosch Gmbh:supplier Analysis

Table 121 Magna International Inc.: Company Overview

Table 122 Magna International Inc.: Recent Developments

Table 123 Magna International Inc.: Supplier Analysis

Table 124 Borgwarner Inc.: Company Overview

Table 125 Borgwarner Inc.: Recent Developments

Table 126 Borgwarner Inc.: Supplier Analysis

Table 127 Zf Friedrichshafen Ag: Company Overview

Table 128 Zf Friedrichshafen Ag: Recent Developments

Table 129 Zf Friedrichshafen Ag: Supplier Analysis

Table 130 Denso Corporation: Company Overview

Table 131 Denso Corporation: Recent Developments

Table 132 Denso Corporation: Supplier Analysis

Table 133 Valeo: Company Overview

Table 134 Valeo: Recent Developments

Table 135 Valeo: Supplier Analysis

Table 136 Mitsubishi Electric Corporation: Company Overview

Table 137 Mitsubishi Electric Corporation: Recent Developments

Table 138 Mitsubishi Electric Corporation: Supplier Analysis

Table 139 Vitesco Technologies Gmbh: Company Overview

Table 140 Vitesco Technologies Gmbh: Recent Developments

Table 141 Vitesco Technologies Gmbh: Supplier Analysis

Table 142 Dana Limited: Company Overview

Table 143 Dana Limited: Recent Developments

Table 144 Dana Limited: Supplier Analysis

Table 145 Hitachi Astemo, Ltd.: Company Overview

Table 146 Hitachi Astemo, Ltd.: Recent Developments

Table 147 Hitachi Astemo, Ltd.: Supplier Analysis

Table 148 Catl: Company Overview

Table 149 Catl: Recent Developments

Table 150 Catl: Upplier Analysis

Table 151 Byd Company Ltd.: Company Overview

Table 152 Byd Company Ltd.: Recent Developments

Table 153 Lg Energy Solution: Company Overview

Table 154 Lg Energy Solution: Recent Developments

Table 155 Lg Energy Solution: Supplier Analysis

Table 156 Panasonic Energy Co., Ltd.: Company Overview

Table 157 Panasonic Energy Co., Ltd.: Recent Developments

Table 158 Panasonic Energy Co., Ltd.: Supplier Analysis

Table 159 Samsung Sdi: Company Overview

Table 160 Samsung Sdi: Recent Developments

Table 161 Samsung Sdi: Supplier Analysis

Figures List

Figure 1 Electric Powertrain Market Segmentation

Figure 2 Research Methodology Model

Figure 3 Breakdown Of Primary Interviews

Figure 4 Electric Powertrain Market: Data Triangulation

Figure 5 Global Passenger Car Powertrain Share, 2019–2030

Figure 6 Electric Passenger Cars Market, By Propulsion, 2024–2032

Figure 7 Integrated Vs. Non-integrated Electric Powertrain Market, 2024–2032

Figure 8 E-powertrain Market, By Region, 2023 Vs. 2024 Vs. 2032

Figure 9 Electric Powertrain Market, By Vehicle Type,

2024 Vs. 2032 (Thousand Units)

Figure 10 Battery Electric Passenger Car Powertrain Market, By Component, 2024 Vs. 2032 (Thousand Units)

Figure 11 Plug-in Hybrid Electric Passenger Car Powertrain Market, By Component, 2024 Vs. 2032 (Thousand Units)

Figure 12 Lcv Bev Powertrain Market, By Component,

2024 Vs. 2032 (Thousand Units)

Figure 13 Co2 Targets For Passenger Cars In Major Markets

Figure 14 Europe: Zev Targets For Light-duty Vehicles In Major Markets

Figure 15 Asia Pacific: Zev Targets For Light-duty Vehicles In Major Markets

Figure 16 North America: Zev Targets For Passenger Cars In Major Markets

Figure 17 Oems Vs. Electrification Targets

Figure 18 Global Emission Standards, By Country

Figure 19 Gasoline-fueled Motor Vehicles

Figure 20 Diesel-powered Motor Vehicles

Figure 21 Passenger Cars Emission Reduction

Figure 22 Global Passenger Car Sales, By Type, 2023 Vs. 2030

Figure 23 Passenger Car Powertrain Share, 2019–2030

Figure 24 Passenger Car Sales Powertrain Portfolio Mix, 2023 Vs. 2030

Figure 25 Hatchback Sales Powertrain Portfolio Mix, 2023 Vs. 2030

Figure 26 Sedan Sales Powertrain Portfolio Mix, 2023 Vs. 2030

Figure 27 Suv Sales Powertrain Portfolio Mix, 2023 Vs. 2030

Figure 28 Mpv Sales Powertrain Portfolio Mix, 2023 Vs. 2030

Figure 29 Asia Pacific: Passenger Car Ice Vs. Ev Sales Share

Figure 30 China: Bev Vs. Phev Sales

Figure 31 India: Bev Vs. Phev Sales

Figure 32 Japan: Bev Vs. Phev Sales

Figure 33 South Korea: Bev Vs. Phev Sales

Figure 34 Europe: Passenger Car Ice Vs. Ev Sales Share

Figure 35 Germany: Bev Vs. Phev Sales

Figure 36 France: Bev Vs. Phev Sales

Figure 37 Denmark: Bev Vs. Phev Sales

Figure 38 Netherlands: Bev Vs. Phev Sales

Figure 39 Norway: Bev Vs. Phev Sales

Figure 40 Sweden: Bev Vs. Phev Sales

Figure 41 Uk: Bev Vs. Phev Sales

Figure 42 North America: Passenger Car Ice Vs. Ev Sales Share

Figure 43 Us: Bev Vs. Phev Sales

Figure 44 Canada: Bev Vs. Phev Sales

Figure 45 Volkswagen Platform Differentiation

Figure 46 Stellantis: Platforms Comparison

Figure 47 Battery Electric Passenger Car Powertrain Market,

By Integration Type, 2024 Vs. 2032 (Thousand Units)

Figure 48 Integrated E-powertrain System

Figure 49 Borgwarner Etvd 3-in-1 System

Figure 50 Dana 4-in-1 System

Figure 51 Nissan 5-in-1 For E-power

Figure 52 Valeo 6-in-1 Eaxle

Figure 53 Byd 8-in-1 Electric Powertrain System

Figure 54 Integrated Vs. Non-integrated System

Figure 55 Technology Trends: E-motors

Figure 56 Technology Roadmap Of E-motors

Figure 57 Technology Roadmap Of Power Electronics

Figure 58 Technology Roadmap Of Batteries

Figure 59 Technology Roadmap Of Thermal Management For Motors

Figure 60 Robert Bosch Gmbh: Company Snapshot

Figure 61 Magna International Inc.: Company Snapshot

Figure 62 Borgwarner Inc.: Company Snapshot

Figure 63 Zf Friedrichshafen Ag.: Company Snapshot

Figure 64 Denso Corporation: Company Snapshot

Figure 65 Valeo: Company Snapshot

Figure 66 Mitsubishi Electric Corporation: Company Snapshot

Figure 67 Vitesco Technologies Gmbh: Company Snapshot

Figure 68 Dana Limited: Company Snapshot

Figure 69 Hitachi Astemo, Ltd.: Company Snapshot

Figure 70 Catl: Company Snapshot

Figure 71 Byd: Company Snapshot

Figure 72 Lg Energy Solution: Company Snapshot

Figure 73 Samsung Sdi: Company Snapshot