The Electric Powertrain market size is projected to reach a CAGR of 15.2% from 2022 to 2028.
Powertrain refers to the collection of all the components that are used to move any vehicle in the forward direction. The main components are engine, transmission, driveshaft, axles, and differential. These components together create the power from the engine and transports it to the wheels present on the ground thus causing the forward movements of the vehicle.
Recent favourable governmental policies along with the raised demand from end user are some of the factors that have supported long-term expansion for Electric Powertrain Market.
COVID-19 had a positive effect on the market, as there was more research and development activities during the period.
Asia Pacific is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the recent norms by government in concern with the emission.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 15.2% during the forecasting period, 2022-2028 |
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Historical Data |
2019-2020 |
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Forecast Years |
2022-2028 |
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Base Year |
2021 |
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Units Considered |
Revenue in USD billion and CAGR from 2022 to 2028 |
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Report Segmentation |
vehicle type, HEV/PHEV powertrain component, BEV powertrain component, 48V MHEV powertrain component, powertrain type and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Tesla, Chevrolet, Ford, BMW, Nissan, and Volkswagen |
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Available Customization |
In addition to the market data for Electric Powertrain Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Electric Powertrain Market is segmented into vehicle type, HEV/PHEV powertrain component, BEV powertrain component, 48V MHEV powertrain component, powertrain type and region.
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