Market Overview:
The global EV powertrain market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into motor and controller. Controller held a larger share in 2017 and is expected to grow at a higher CAGR during the forecast period. On account of growing concerns over environment pollution, governments are providing incentives for purchasing electric vehicles which is driving their adoption rates thereby propelling growth in this market.
Product Definition:
An electric powertrain (EV) is a propulsion system for vehicles using electricity as the motive power source. EVs use electric motors and motor controllers to convert electrical energy into mechanical energy, which powers the wheels of the vehicle.
Motor:
Electric Vehicles (EVs) are powered by electric motors, which can be broadly classified into two categories, namely series and parallel. The motor is the key component in an EV that enables its mobility. EVs use both series and parallel type of motors depending upon the application requirements.
The global market for electric vehicles has witnessed tremendous growth over a short period of time owing to increasing government initiatives towards reducing carbon emissions from conventional fuel-driven vehicles.
Controller:
The controller is a device that regulates and monitors the performance of an electric vehicle powertrain. It does this by managing the speed of various engine components such as motors, generators, and batteries. The EV market has been witnessing significant growth over the past few years owing to rising environmental concerns regarding carbon emissions from conventional fuel-driven vehicles. These factors have led to increased research & development activities in electric vehicle technology which is expected to drive controller demand over the forecast period.
Application Insights:
The battery electric vehicle segment dominated the global EV powertrain market in 2017 and is expected to maintain its dominance over the forecast period. The increasing production of EVs, such as Tesla Model 3, Nissan LEAF, and Chevrolet Bolt EV is expected to drive the demand for various components including electric motor and controller along with other systems such as batteries.
Battery Electric Vehicles (BEVs) accounted for a major share in 2017 owing to their higher efficiency compared with Internal combustion engine vehicles (ICEVs). Also, they offer environmental benefits due to reduced carbon emissions during manufacturing. Increasing government funding & incentives are projected to accelerate the deployment of charging stations which will provide an impetus for growth. For instance; In Norway; Government funds charging stations that enable EVs double-income households or individuals can apply for subsidies up till USD 14000 on installation of residential chargers thus promoting adoption among consumers globally.
Regional Analysis:
Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing demand from China and Japan. In 2016, China accounted for a share of more than 20% in terms of EV powertrain units shipped worldwide. However, slow growth rate and high inventory are hampering the Asia Pacific market at present due to which it is projected to lose its position as the second-largest market by 2030.
Europe was valued at USD X million in 2017 and is expected to witness significant growth over the forecast period owing rising environmental awareness among consumers along with stringent government regulations regarding carbon emissions from vehicles operating on diesel or gasoline engines. Moreover, favorable government policies such as subsidies on EVs coupled with growing consumer awareness about environment protection are likely boost regional product demand over next eight years time frame.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% during the forecast period. This growth can be attributed to the increasing demand for environment-friendly and fuel-efficient vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles by providing various incentives such as subsidies, tax rebates, and parking privileges. For instance, in China, a subsidy of up to 00 is offered on each electric vehicle purchase.
- Development of charging infrastructure: The development of charging infrastructure is essential for the growth of the EV powertrain market as it will provide consumers with easy access to charging facilities. Major players in this market are investing heavily in R&D activities to develop advanced technologies that can improve charge time and efficiency.
Scope Of The Report
Report Attributes
Report Details
Report Title
EV Powertrain Market Research Report
By Type
Motor, Controller
By Application
BEV, PHEV
By Companies
BYD, Broad-Ocean, Bosch, JEE, Hitachi, Jing-Jin Electric, Mitsubishi Electric, UAE, HASCO CO, MAGNA, ZF, Greatland Electrics, HEPU POWER, Founder Motor, Inovance Automotive
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global EV Powertrain Market Report Segments:
The global EV Powertrain market is segmented on the basis of:
Types
Motor, Controller
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BEV, PHEV
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BYD
- Broad-Ocean
- Bosch
- JEE
- Hitachi
- Jing-Jin Electric
- Mitsubishi Electric
- UAE
- HASCO CO
- MAGNA
- ZF
- Greatland Electrics
- HEPU POWER
- Founder Motor
- Inovance Automotive
Highlights of The EV Powertrain Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Motor
- Controller
- By Application:
- BEV
- PHEV
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the EV Powertrain Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
EV Powertrain is a term used to describe the technology and components that allow an electric vehicle to operate with zero emissions. EVs use lithium-ion batteries, electric motors, and software to create power.
Some of the major players in the ev powertrain market are BYD, Broad-Ocean, Bosch, JEE, Hitachi, Jing-Jin Electric, Mitsubishi Electric, UAE, HASCO CO, MAGNA, ZF, Greatland Electrics, HEPU POWER, Founder Motor, Inovance Automotive.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 EV Powertrain Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 EV Powertrain Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 EV Powertrain Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the EV Powertrain Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global EV Powertrain Market Size & Forecast, 2018-2028
4.5.1 EV Powertrain Market Size and Y-o-Y Growth
4.5.2 EV Powertrain Market Absolute $ Opportunity
Chapter 5 Global EV Powertrain Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 EV Powertrain Market Size Forecast by Type
5.2.1 Motor
5.2.2 Controller
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global EV Powertrain Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 EV Powertrain Market Size Forecast by Applications
6.2.1 BEV
6.2.2 PHEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global EV Powertrain Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 EV Powertrain Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America EV Powertrain Analysis and Forecast
9.1 Introduction
9.2 North America EV Powertrain Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America EV Powertrain Market Size Forecast by Type
9.6.1 Motor
9.6.2 Controller
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America EV Powertrain Market Size Forecast by Applications
9.10.1 BEV
9.10.2 PHEV
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe EV Powertrain Analysis and Forecast
10.1 Introduction
10.2 Europe EV Powertrain Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe EV Powertrain Market Size Forecast by Type
10.6.1 Motor
10.6.2 Controller
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe EV Powertrain Market Size Forecast by Applications
10.10.1 BEV
10.10.2 PHEV
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific EV Powertrain Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific EV Powertrain Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific EV Powertrain Market Size Forecast by Type
11.6.1 Motor
11.6.2 Controller
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific EV Powertrain Market Size Forecast by Applications
11.10.1 BEV
11.10.2 PHEV
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America EV Powertrain Analysis and Forecast
12.1 Introduction
12.2 Latin America EV Powertrain Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America EV Powertrain Market Size Forecast by Type
12.6.1 Motor
12.6.2 Controller
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America EV Powertrain Market Size Forecast by Applications
12.10.1 BEV
12.10.2 PHEV
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) EV Powertrain Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) EV Powertrain Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) EV Powertrain Market Size Forecast by Type
13.6.1 Motor
13.6.2 Controller
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) EV Powertrain Market Size Forecast by Applications
13.10.1 BEV
13.10.2 PHEV
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 EV Powertrain Market: Competitive Dashboard
14.2 Global EV Powertrain Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BYD
14.3.2 Broad-Ocean
14.3.3 Bosch
14.3.4 JEE
14.3.5 Hitachi
14.3.6 Jing-Jin Electric
14.3.7 Mitsubishi Electric
14.3.8 UAE
14.3.9 HASCO CO
14.3.10 MAGNA
14.3.11 ZF
14.3.12 Greatland Electrics
14.3.13 HEPU POWER
14.3.14 Founder Motor
14.3.15 Inovance Automotive
