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Electric Powertrain Market to Witness a Pronounce Growth During 2027: Bosch, Mitsubishi Electric, Magna, Continental AG and Others.

Global Electric Powertrain Market 2019 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Electric Powertrain Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

The Global Electric Powertrain Market is projected to reach US$ 191.4 Billion by 2027 from an estimated US$ 62.9 Billion in 2019, at a CAGR of 14.9%.

#Key Players–  Bosch (Germany), Mitsubishi Electric (Japan), Magna (Canada), Continental AG (Germany), and Hitachi (Japan) are moving toward electro mobility by showcasing their developments and business strategies in the electric powertrain market.

Browse 162 Market Data Tables and 53 Figures spread through 200 Pages and in-depth TOC on “Electric Powertrain Market Research Report” https://www.reportsnreports.com/contacts/requestsample.aspx?name=2838071

Top Companies profiled in the Electric Powertrain Market:

  • Bosch (Germany)
  • Mitsubishi Electric (Japan)
  • Magna (Canada)
  • Continental (Germany)
  • Hitachi (Japan)

PHEVs use an on-board charger to recharge their battery. The increase in PHEV sales will drive the on-board charger market. In the US, various government incentives such as exemptions from sales taxes, tax credits, and rebates are driving the PHEV market. The presence of various PHEV models offered by BMW, Mercedes-Benz, Volvo, Porsche, Kia, and Hyundai is also driving the HEV/PHEV electric powertrain market. In China, the PHEV market is dominated by SAIC and BYD.

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BEV sales are increasing at a rapid rate because of various government measures. The incentives on purchase of BEVs are higher than any other type of electric vehicle. Growing charging infrastructure and better performance of BEVs over PHEVs are driving the BEV powertrain market.

The Asia Pacific electric powertrain market is estimated to be the fastest market. In Asia Pacific, China and India are estimated to be experiencing the highest CAGRs. In China, the government is providing subsidies to promote electric vehicles and cut down on pollution levels. The rise of electric vehicles for ride sharing has increased their adoption in China.

Breakdown of primary participants’ profile:

  • By Company Type: Tier I – 35%, Tier II – 35%, and OEM – 30%
  • By Designation: C Level – 40%, D Level – 35%, and Others – 25%
  • By Region: North America – 40%, Europe – 20%, and Asia Pacific – 30%, Rest of the World – 10%

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