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Global Electric Vehicle Powertrain Market Size

Global Electric Vehicle Powertrain Market size was valued at USD 88.25 billion in 2021 and is poised to grow from USD 118.87 billion in 2022 to USD 956.44 billion by 2030, growing at a CAGR of 5% in the forecast period (2023-2030).

Swetachakraborty
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Global Electric Vehicle Powertrain Market Size

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  1. Global Electric Vehicle Powertrain Market Size, Share, Growth Analysis, By component By vehicle- Industry Forecast 2023-2030 Global Electric Vehicle Powertrain Market size was valued at USD 88.25 billion in 2021 and is poised to grow from USD 118.87 billion in 2022 to USD 956.44 billion by 2030, growing at a CAGR of 5% in the forecast period (2023-2030). An electric vehicle (EV) is powered by electricity. The powertrain is used to generate the kinetic energy and also used to propel or move the vehicle. Electric powertrain offers the thrust through battery and an electric motor. Therefore, engine, transmission, and driveshaft are the three most important components of any vehicle's powertrain. Commercially, some of the factors expected to boost sales of automotive powertrains globally include increased electrification of vehicles and stricter government emission standards. During the forecast period, the market is expected to grow due to lithium-ion battery innovations as well as

  2. increased R&D to improve powertrain function by major manufacturers, which will boost powertrain sales. The growing demand for hybrid electric vehicles in many developed countries such as China, Germany, and the United States is also a factor driving the growth of powertrain components. Global Electric Vehicle Powertrain Market Segmental Analysis Global electric vehicle powertrain market is segmented based on the component, vehicle and region. Based on component, the market is segmented into electric

  3. motor, inverter, converter, power distribution module and transmission. Based on vehicle, the market is segmented into passenger cars and buses & coaches. Based on Region, electric vehicle powertrain market spans North America, Europe, Asia-Pacific, Latin America, and MEA. View-More https://www.skyquestt.com/report/electric-vehicle- powertrain-market Electric Vehicle Powertrain Market Top Player's Company Profiles •Tesla, Inc. •BYD Company Ltd. •Continental AG •BorgWarner Inc. •Magna International Inc. •GKN PLC •Aisin Seiki Co., Ltd. •Denso Corporation •Robert Bosch GmbH •Hitachi Automotive Systems Ltd.

  4. •ZF Friedrichshafen AG •AVL List GmbH •Ricardo plc •Valeo SA •Siemens AG •Infineon Technologies AG •Toshiba Corporation •Mitsubishi Electric Corporation •LG Chem Ltd. •Panasonic Corporation About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. Address: 1 Apache Way, Westford, Massachusetts 01886

  5. Phone: USA (+1) 617-230-0741 Email: sales@skyquestt.com LinkedIn Facebook Twitter

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