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Pulished Date January, 2021
ID: 10750
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Electric Powertrain Market Segmentation By Vehicle Type (Hybrid and Plug In Hybrid Vehicle, BEV, MHEV), By Powertrain Component (Motor/Generator, HV Battery, 12 V Battery, Battery Management System, DC/ AC Inventor, DC/DC Converter, Power Distribution Module, Idle Start-Stop, On-Board Charger, Regenerative Braking), By Powertrain Type (BEV Powertrain, MHEV Powertrain, Series Hybrid Powertrain, Parallel Hybrid Powertrain, Series-Parallel Hybrid Powertrain) and By Region- Industry Analysis, Share, Growth, and Forecast 2021-2026.

Pulished: January, 2021
ID: 10750
Pages: 175

Product Description:

An electric vehicle (EV) runs on an alternate power/energy source, unlike fossil fuels such as diesel and gasoline, it runs on electricity using a battery. The electric vehicle's powertrain includes the battery, electric motor, and transmission, which help generate energy that is used to drive or move the vehicle. Electric vehicle powertrains integrated with battery electric vehicles (BEVs), which are fully electric vehicles, run 100% on electric power. Plug-in Hybrid Electric Vehicle (PHEV) powertrains can be charged from the wall-mounted power supply panel, while Hybrid Electric Vehicle (HEV) powertrains use at least two types of fuels to boost these vehicles.

Market Overview:

The global electric powertrain market is expected to post a CAGR of more than 15.6% during the forecast period (2021-2026). The electric vehicle market has grown at a rapid rate, creating a strong demand for electric powertrains for automobiles. There has been tremendous growth in electric vehicles around the world. Major automotive component manufacturers have invested in electric axle transmissions to capitalize on growing sales of electric and hybrid vehicles to increase their market share. Companies have increased their production capacity, especially in large EV markets such as China, the United States, and the European region. The electric powertrain market is expected to face challenges in the way of supplying rare earth metals used in permanent magnets of synchronous motors, as the metals used in these motors are subject to export restrictions and tariffs supply risks. In addition to the increasing development activities of electric vehicles in the global market, the depletion of oil and gas reserves is also one of the main factors driving automakers to switch from IC powertrain to electric powertrain.

Recent Developments:

  • For connected cars, we should find solutions that are not only aimed at the single market but must be standardized for the world, said Jan-Oliver Rohrl, technical director at Bosch India.
  • Automotive component manufacturer Continental AG will begin serial production of its first fully-integrated powertrain in China.
  • South Korea-based LG Electronics and auto supplier Magna International are launching a joint venture that will make key components for electric cars.
  • Mitsubishi Electric will acquire the Sharp plant to increase the production capacity of electric chips.

Drivers and Restraints of Electric Powertrain Market:

Drivers:

Electric vehicles are the future of the automotive industry as fossil fuels are expected to disappear in the coming decades. Therefore, alternative energy is needed to power the vehicles, which could be electricity. Several countries have formulated strict policies for alternative fuel electric vehicles. Many emission laws have been passed to reduce CO2 emissions from vehicles. An electric vehicle can reduce CO2 emissions and also decrease the consumption of fossil fuels. The global market for powertrains for electric vehicles has grown in recent years. It is expected to continue developing during the outlook period, due to the increasing need for electric vehicles in the global market.

Restraints:

Lack of infrastructure is a major limitation in the electric powertrain market, which is acting negatively for this industrial growth.

Market Segmentation:

By Vehicle type:

  • Hybrid and Plug-In Hybrid Vehicle (HEV/PHEV)
  • Battery Electric Vehicle (BEV)
  • 48V Mild Hybrid Vehicle (MHEV)

48V MHEV is estimated to be the fastest-growing market for 2021-2026. The slowdown in diesel vehicles and restrictions on CO2 targets have boosted the market for 48-volt MHEV powertrains. According to Emission Analytics, the mass adoption of mild hybrids over BEV is an effective solution to reduce emissions. Additionally, developments and falling prices for lithium-ion batteries have boosted the market for MHEV powertrain components. The easy integration of the 48V MHEV powertrain into the architecture of an existing ICE vehicle is also boosting the respective segment in the global electric powertrain market.

By Powertrain component:

  • Motor/Generator
  • HV Battery
  • 12V Battery
  • Battery Management System
  • DC/AC Inverter
  • DC/DC Converter
  • Power Distribution Module
  • Idle Start-Stop
  • On-board Charger
  • Regenerative Braking

The motor/generator is the fastest-growing segment in the electric powertrain market by component. The main reason for this growth is the increasing number of electric vehicles every year. According to the IEA, in 2018, China deployed 1.7 million BEV, Europe deployed 0.6 million BEV, the United States deployed 0.6 million BEV, and RoW deployed 0.3 million BEV. Another reason is the product development of several major players. Cascadia Motion, a BorgWarner-owned company, developed a rear-wheel-drive system comprising two independent BorgWarner High-Voltage Hairpin (HVH) 250 electric motors and eGearDrive gear sets, each independently controlling a rear wheel. In high-performance vehicles, the use of two or more engines to improve performance also boosts the motor/generator segment.

By Powertrain type:

  • BEV Powertrain
  • MHEV Powertrain
  • Series Hybrid Powertrain
  • Parallel Hybrid Powertrain
  • Series-Parallel Hybrid Powertrain

Electric Powertrain Market Region-wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

Europe is expected to be an important market for the electric powertrain, as several OEMs are present in this locale. Also, the region represents a significant part of world automotive production. This, in turn, is likely to boost the global electric powertrain market in the region during the conjecture period. The market for electric powertrain depends on the sales of electric and hybrid vehicles. Global plug-in vehicle deliveries reached 11.34,000 units in the first half of 2019, or 46% more than in 2018. In terms of volumes, the increase was 3.58,000 units, or the total plug-in vehicle market of USA in 2018. With the increase in sales of electric vehicles, automakers are introducing more of these vehicles with advanced features. Although the growth of the Chinese market in 2018 was slow due to changes in regulatory policy, production is estimated to rebound as automakers absorb these changes with price adjustments. In the commercial vehicle segment, China remained the world leader, with more than 90% of electric buses sold in China.

Key Players of Market:

The global electric powertrain market is dominated by major players such as Bosch (Germany), Mitsubishi Electric (Japan), Magna (Canada), Continental AG (Germany), and Hitachi (Japan).

IMPACT OF COVID-19 ON ELECTRIC POWERTRAIN MARKET:

The electric vehicle market in the world could see a change as consumers search for affordable products amid coronavirus, and this could lead manufacturers to resume production of conventional vehicles, resulting in the growth of the electric powertrain market.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Electric Powertrain Market, By Vehicle Type          

                    6.1.1 Hybrid and Plug-In Hybrid Vehicle (HEV/PHEV)  

                    6.1.2 Battery Electric Vehicle (BEV)        

                    6.1.3 48V Mild Hybrid Vehicle (MHEV)   

                    6.1.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 Electric Powertrain Market, By Powertrain Component               

                    6.2.1 Motor/Generator     

                    6.2.2 HV Battery     

                    6.2.3 12V Battery   

                    6.2.4 Battery Management System         

                    6.2.5 DC/AC Inverter        

                    6.2.6 DC/DC Converter    

                    6.2.7 Power Distribution Module

                    6.2.8 Idle Start-Stop         

                    6.2.9 On-board Charger   

                    6.2.10 Regenerative Braking       

                    6.2.11 Market Size Estimations & Forecasts (2021-2026)      

                    6.2.12 Y-o-Y Growth Rate Analysis       

                    6.2.13 Market Attractiveness Index       

          6.3 Electric Powertrain Market, By Powertrain Type               

                    6.3.1 BEV Powertrain        

                    6.3.2 MHEV Powertrain     

                    6.3.3 Series Hybrid Powertrain    

                    6.3.4 Parallel Hybrid Powertrain  

                    6.3.5 Series-Parallel Hybrid Powertrain  

                    6.3.6 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.7 Y-o-Y Growth Rate Analysis         

                    6.3.8 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Vehicle Type        

                    7.2.3 By Powertrain Component  

                    7.2.4 By Powertrain Type  

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Vehicle Type        

                    7.3.3 By Powertrain Component  

                    7.3.4 By Powertrain Type  

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Vehicle Type        

                    7.4.3 By Powertrain Component  

                    7.4.4 By Powertrain Type  

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Vehicle Type        

                    7.5.3 By Powertrain Component  

                    7.5.4 By Powertrain Type  

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Vehicle Type        

                    7.6.3 By Powertrain Component  

                    7.6.4 By Powertrain Type  

8. Key Player Analysis                           

          8.1 Bosch               

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Mitsubishi Electric                 

          8.3 Magna International              

          8.4 Continental AG           

          8.5 Hitachi             

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Electric Powertrain  Market By Region, From 2021-2026 ( USD Billion )
  2. Global Electric Powertrain  Market By Vehicle Type, From 2021-2026 ( USD Billion )
  3. Global Hybrid and Plug-In Hybrid Vehicle (HEV/PHEV)  Market By Region, From 2021-2026 ( USD Billion )
  4. Global Battery Electric Vehicle (BEV)  Market By Region, From 2021-2026 ( USD Billion )
  5. Global 48V Mild Hybrid Vehicle (MHEV) Market By Region, From 2021-2026 ( USD Billion )
  6. Global Electric Powertrain  Market By Powertrain Component, From 2021-2026 ( USD Billion )
  7. Global Motor/Generator  Market By Region, From 2021-2026 ( USD Billion )
  8. Global HV Battery  Market By Region, From 2021-2026 ( USD Billion )
  9. Global 12V Battery  Market By Region, From 2021-2026 ( USD Billion )
  10. Global Battery Management System  Market By Region, From 2021-2026 ( USD Billion )
  11. Global DC/AC Inverter  Market By Region, From 2021-2026 ( USD Billion )
  12. Global DC/DC Converter  Market By Region, From 2021-2026 ( USD Billion )
  13. Global Power Distribution Module  Market By Region, From 2021-2026 ( USD Billion )
  14. Global Idle Start-Stop  Market By Region, From 2021-2026 ( USD Billion )
  15. Global On-board Charger  Market By Region, From 2021-2026 ( USD Billion )
  16. Global Regenerative Braking  Market By Region, From 2021-2026 ( USD Billion )
  17. Global Electric Powertrain  Market By Powertrain Type, From 2021-2026 ( USD Billion )
  18. Global BEV Powertrain  Market By Region, From 2021-2026 ( USD Billion )
  19. Global MHEV Powertrain  Market By Region, From 2021-2026 ( USD Billion )
  20. Global Series Hybrid Powertrain  Market By Region, From 2021-2026 ( USD Billion )
  21. Global Parallel Hybrid Powertrain  Market By Region, From 2021-2026 ( USD Billion )
  22. Global Series-Parallel Hybrid Powertrain  Market By Region, From 2021-2026 ( USD Billion )

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