Research report on new business opportunities and investments of Electric Powertrain Market by 2030

PORTLAND, ORAGON, USA, Aug. 28, 2022 / — Global electric powertrain market was valued at $83.66 billion in 2021 and is expected to reach $1,078.18 billion by 2031 , growing at a CAGR of 29.1% from 2022 to 2031.

At present, increasing demand for enhanced driving experience, adoption of lightweight drive shaft and technological innovation in battery production technology have transformed electric vehicles into more competitive by compared to conventional internal combustion engine (ICE) vehicles. For example, in January 2022, Magna International Inc. unveiled the EtelligentForce, an electric 4WD powertrain system for pickup trucks and light-duty vehicles. The system had fewer moving parts than a traditional ICE powertrain, thus requiring less maintenance.

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Major players operating in the electric powertrain market are BorgWarner, Robert Bosch GmbH, Continental AG, Dana Incorporated, Denso, Hitachi, Magna International Inc., Magneti Marelli Ck Holdings, Mitsubishi Electric Corp., Nidec Corporation, Panasonic, Schaeffler AG , Toyota Industries Corporation, Valeo, ZF Friedrichshafen AG, Brusa Electronik (Key Innovator) and Kelly Controls, Inc. (Key Innovator).

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Engine downsizing is a practice of improving the fuel efficiency of an internal combustion engine (ICE) to use smaller combustion engines compared to larger engines of the same power capacity when the manufacture of vehicles. Therefore, engine designers are finding better ways to extract more power from smaller amounts of fuel. For example, in September 2021, Hitachi Ltd. and Hitachi Astemo, Ltd. announced the development of a compact and lightweight direct drive system for the electric vehicle segment. This system combined the motor, inverter and brake into a single unit, which allowed the installation of the entire system in the wheel. This has allowed the elimination of drive shafts and other indirect mechanisms that allow engine power to be applied directly to EV operation, reducing energy loss by up to 30%.

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Electric vehicles (EVs) have grown in popularity in recent years as the technology has matured and costs have come down, and support for clean transportation has raised awareness, increased charging opportunities, and facilitated EV adoption. . In addition, growing concerns over vehicle emissions and the depletion of non-renewable energy resources have attracted the attention of several governments to invest in electric vehicles. European countries are among the pioneers in the adoption of electric mobility.

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Main benefits for stakeholders
This study presents an analytical description of the global Electric Powertrain market analysis along with current trends and future estimates to depict the impending pockets of investment.
The overall Electric Powertrain market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints and opportunities of the global electric powertrain market with detailed impact analysis.
Current Electric Powertrain Market is quantitatively analyzed from 2022 to 2031 to assess financial proficiency.
Porter’s five forces analysis illustrates the power of buyers and suppliers in the industry.

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David Correa
Allied Analytics LLP
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