Electric Powertrain Market Share, Size, Trends, Industry Analysis Report, By Powertrain Product Type (BEV, Mild Hybrid, Series Hybrid, Parallel Hybrid, and Series-Parallel Hybrid); By Vehicle Type; By Region; Segment Forecast, 2023 - 2032

Electric Powertrain Market Share, Size, Trends, Industry Analysis Report, By Powertrain Product Type (BEV, Mild Hybrid, Series Hybrid, Parallel Hybrid, and Series-Parallel Hybrid); By Vehicle Type; By Region; Segment Forecast, 2023 - 2032

The global electric powertrain market size is expected treach USD 346.84 billion by 2032, according ta new study by Polaris Market Research. The report “Electric Powertrain Market Share, Size, Trends, Industry Analysis Report, By Powertrain Product Type (BEV, Mild Hybrid, Series Hybrid, Parallel Hybrid, and Series-Parallel Hybrid); By Vehicle Type; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

The latest trends in the automobile business are electric powertrains. The emergence of electric vehicles (EVs) has been foreshadowed by the increasing trend of choosing a low carbon environment as a stand-alone strategy tcombat global warming. The development of EVs is a result of making the most of the available energy sources. The constitutions of the United States, China, Japan, and Europe have all been revised tinclude new regulations regarding carbon dioxide emissions. Technology has advanced as a result.

Contrary tinternal combustion vehicles, which are powered by fossil fuels like gasoline or diesel, electric vehicles (EVs) draw their power from alternative energy sources like batteries. The battery, electric motor, and transmission are all parts of the electric vehicle's powertrain, which aids in generating power for propulsion. The engine and transmission of a vehicle can be used tidentify the powertrains, which are regarded as the vehicle's most important component. The vehicle's performance quotient is defined by its power, comfort, and safety.

Currently, gasoline vehicles perform better than diesel ones, but they are rapidly losing out due tthe high cost of gasoline, which is becoming more expensive than diesel oil. Manufacturers are opting for hybrid powertrains as a result of this treduce their reliance on fuel consumption.

Electric vehicles (EVs) are the automotive industry's future because fossil fuels are expected tbecome extinct in a few decades. In the current organizational structure, battery electric vehicle (BEV) powertrains are the most widely used type. The only source of power for a BEV is electricity. Wall-mounted power supplies assist plug-in hybrid electric vehicle (PHEV) powertrains in charging. In the current industry, series hybrid powertrains are the least frequently used of this type; It is constructed with a single path for wheel power. There are a variety of modes in which this kind of powertrain operates, such as engine-only traction, electric-only traction, hybrid traction, engine-only traction, and battery charging.

Electric Powertrain Market Report Highlights

The BEV market segment accounted for the largest market share. A vehicle that runs entirely on electricity is called a battery electric vehicle (BEV). A BEV's only power source is an electric powertrain that is powered by rechargeable batteries rather than an internal combustion engine or petrol tank.

The car segment is predicted tbe the largest in this industry because smany manufacturers are concentrating on electric automobiles.

Asia Pacific has the largest revenue share. China, Japan, South Korea, and India are a few of the region's leading producers of automobiles. The Asia Pacific market is anticipated tincrease as a consequence of strict government regulations and emission standards designed taddress the problems with global warming brought on by significant CO2 emissions.

The global key market players 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

Polaris Market Research has segmented the Electric Powertrain market report based on powertrain product type, vehicle type, and region:

Electric Powertrain, Powertrain Product Type Outlook (Revenue - USD Billion, 2019-2032)

BEV

Mild Hybrid

Series Hybrid

Parallel Hybrid

Series-Parallel Hybrid

Electric Powertrain, Vehicle Type Outlook (Revenue - USD Billion, 2019 - 2032)

Light Vehicles

Cars

Light Trucks

Electric Powertrain, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa