The global electric powertrain market size was US$ 83.6 billion in 2021. The global electric powertrain market size is estimated to reach US$ 832.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 29.1% during the forecast period from 2022 to 2030.
A powertrain is a group of elements that create energy to drive the vehicle. The electric powertrain contains the electric motor, and battery and supplies the transfer of power, which is adapted to create the energy that is used to push the vehicle. It is known for its safety, performance, and comfort. Also, powertrain systems and element manufacturers have been using electric powertrains to lower energy use in automobiles.

Factors Influencing Market Growth

? The rise in the sensation of reduced engines boosted sales of electric automobiles, and strict vehicular emission rules and regulations drive the expansion of the overall market.
? The high manufacturing prices, range anxiety, and serviceability are the factors anticipated to hinder the overall market growth.
? The rocketing infrastructural growths of EV infrastructure and improvement in technology are the elements that drive the overall market growth.

Effect of the COVID-19 Pandemic

COVID-19 had a severe influence on global market growth. The overall market has also not fled from the disturbance and stays susceptible, due to its reliance on international supply chains for its main technology assistance. Different players working in the automotive sector are coming up by reconfiguring their supply chain, services, and production to deliver essential medical stores. For example, India?s biggest automaker producer, Maruti Suzuki associated SAM Gas Projects and Nigen Equipment to create sufficient oxygen to encounter the need. Bajaj Auto, a market chief in the three-wheeler market reached out to help their workers who failed in their fight with COVID-19 by delivering them 2years? salary.

Regional Analysis

Asia Pacific seized the largest revenue share of the overall market, in 2021. Strict government restrictions and emission rules and regulations to solve the global warming problems resulting from significant Co2 emissions are anticipated to drive the overall market growth in the region.
Leading Competitors
The prominent players in the global electric powertrain market are:
? Cc Power Electronics
? ZF Friedrichshafen AG
? Toyota Industries Corporation
? Brusa Electronik
? Panasonic
? Mitsubishi Electric Corp
? Nidec Corporation
? Dana Incorporated
? Bosch Limited
? BorgWarner
? Others
Segmentation Analysis
The global electric powertrain market segmentation focuses on Application, Component, Vehicle Type, Vehicle Class, Vehicle Drive Type, and Region.
Segmentation on the basis of Application
? BEV
? PHEV
? FCEV

Segmentation on the basis of Component
? Battery
? Power Electronic Controller
? Motor/Generator
? Converter
? Transmission
? On-Board Charger

Segmentation on the basis of Vehicle Type
? Passenger Car
? Commercial Vehicle

Segmentation on the basis of Vehicle Class

? Mid-priced
? Luxury

Segmentation on the basis of Vehicle Drive Type
? Front Wheel Drive
? Rear Wheel Drive
? All Wheel Drive

Segmentation on the basis of Region

? North America
? The U.S.
? Canada
? Mexico
? Europe
? Western Europe
? The UK
? Germany
? France
? Italy
? Spain
? Rest of Western Europe
? Eastern Europe
? Poland
? Russia
? Rest of Eastern Europe
? Asia Pacific
? China
? India
? Japan
? Australia & New Zealand
? ASEAN
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? UAE
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Brazil
? Argentina
? Rest of South America