Product Code: ETC13410750 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Electric Powertrain Market was valued at USD 67.3 Billion in 2024 and is expected to reach USD 178.6 Billion by 2031, growing at a compound annual growth rate of 4.76% during the forecast period (2025-2031).
The Global Electric Powertrain Market is experiencing significant growth driven by the increasing adoption of electric vehicles (EVs) worldwide. The market encompasses a range of components such as electric motors, power electronics, and battery systems that form the core of EV propulsion systems. Factors such as government regulations promoting clean energy, rising environmental concerns, and advancements in battery technology are fueling market expansion. Key players in the industry are focusing on product innovations, strategic partnerships, and investments in research and development to stay competitive. The market is expected to continue its upward trajectory as automakers increasingly shift towards electrification to meet sustainability goals and address consumer demand for eco-friendly transportation solutions.
The Global Electric Powertrain Market is experiencing significant growth driven by the increasing demand for electric vehicles (EVs) worldwide. Key trends include the shift towards electric mobility, advancements in battery technology leading to longer driving ranges, and the growing emphasis on sustainability and reducing carbon emissions. Opportunities in the market lie in the development of more efficient and affordable electric powertrain systems, expansion of charging infrastructure, and collaborations between automotive manufacturers and technology companies to accelerate innovation. The market is also witnessing a rise in investments in research and development to enhance the performance and efficiency of electric powertrains, presenting ample opportunities for players in the industry to capitalize on the evolving landscape of electric transportation.
The Global Electric Powertrain Market faces several challenges, including high initial costs of electric vehicles (EVs) due to expensive battery technology, limited range compared to traditional vehicles, lack of charging infrastructure, and longer charging times. Additionally, consumer concerns regarding battery life, vehicle performance in extreme weather conditions, and the overall durability of EVs pose obstacles to market growth. Moreover, the rapid pace of technological advancements leading to frequent product updates and the need for skilled technicians to service electric powertrains also present challenges for manufacturers and industry stakeholders. Addressing these challenges will be crucial for the widespread adoption and success of electric powertrains in the global automotive market.
The Global Electric Powertrain Market is primarily driven by increasing government regulations promoting the adoption of electric vehicles to reduce carbon emissions and combat climate change. The growing concern for environmental sustainability and the need to reduce dependency on fossil fuels are significant factors propelling the market growth. Technological advancements in electric powertrain components, such as batteries, motors, and power electronics, are also driving the market by improving efficiency and performance of electric vehicles. Additionally, the decreasing cost of electric vehicle components and the expanding charging infrastructure are further boosting the adoption of electric powertrains across various vehicle segments, including passenger cars, commercial vehicles, and two-wheelers. Overall, the shift towards electrification in the automotive industry is a key driver fueling the growth of the Global Electric Powertrain Market.
Various governments worldwide have implemented policies to promote the adoption of electric powertrains in an effort to reduce carbon emissions and combat climate change. These policies include incentives such as tax credits, rebates, and subsidies for electric vehicle purchasers, as well as mandates for automakers to increase the production and sale of electric vehicles. Additionally, some countries have set targets to phase out the production and sale of internal combustion engine vehicles in favor of electric vehicles, along with investing in charging infrastructure development. Government policies also focus on research and development initiatives to advance battery technology and support the growth of the electric vehicle market. Overall, these policies aim to accelerate the transition towards a more sustainable transportation sector and promote the global electric powertrain market`s growth.
The Global Electric Powertrain Market is poised for significant growth in the coming years as the automotive industry continues to shift towards electrification to meet stringent emissions regulations and consumer demand for cleaner transportation options. Factors such as government incentives, technological advancements in battery technology, and increasing investment in electric vehicle infrastructure are driving the market expansion. The market is expected to witness a surge in demand for electric powertrains in passenger cars, commercial vehicles, and two-wheelers globally. Additionally, the rising awareness about environmental sustainability and the push towards carbon neutrality are likely to further boost the adoption of electric powertrains. Overall, the future outlook for the Global Electric Powertrain Market is promising, with sustained growth projected in the foreseeable future.
In the Global Electric Powertrain Market, Asia is expected to dominate in terms of market share due to rapid industrialization and government initiatives promoting electric vehicle adoption. North America is projected to witness significant growth owing to increasing investments in electric vehicle infrastructure and favorable regulatory policies. Europe is also a key market for electric powertrains due to stringent emissions regulations and a growing demand for sustainable mobility solutions. In the Middle East and Africa region, the market for electric powertrains is gradually emerging, driven by a shift towards cleaner transportation options. Latin America is experiencing a gradual uptake of electric powertrains, supported by government incentives and a growing awareness of environmental sustainability. Overall, each region presents unique opportunities and challenges for the global electric powertrain market.
Global Electric Powertrain Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Electric Powertrain Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Electric Powertrain Market Revenues & Volume, 2021 & 2031F |
3.3 Global Electric Powertrain Market - Industry Life Cycle |
3.4 Global Electric Powertrain Market - Porter's Five Forces |
3.5 Global Electric Powertrain Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Electric Powertrain Market Revenues & Volume Share, By BEV powertrain component, 2021 & 2031F |
3.7 Global Electric Powertrain Market Revenues & Volume Share, By Powertrain Type, 2021 & 2031F |
3.8 Global Electric Powertrain Market Revenues & Volume Share, By 48V MHEV powertrain component, 2021 & 2031F |
4 Global Electric Powertrain Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Electric Powertrain Market Trends |
6 Global Electric Powertrain Market, 2021 - 2031 |
6.1 Global Electric Powertrain Market, Revenues & Volume, By BEV powertrain component, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Electric Powertrain Market, Revenues & Volume, By Motor/Generator, 2021 - 2031 |
6.1.3 Global Electric Powertrain Market, Revenues & Volume, By HV Battery, 2021 - 2031 |
6.1.4 Global Electric Powertrain Market, Revenues & Volume, By 12V Battery, 2021 - 2031 |
6.1.5 Global Electric Powertrain Market, Revenues & Volume, By Battery Management System, 2021 - 2031 |
6.1.6 Global Electric Powertrain Market, Revenues & Volume, By Controller, 2021 - 2031 |
6.1.7 Global Electric Powertrain Market, Revenues & Volume, By DC/DC Converter, 2021 - 2031 |
6.1.8 Global Electric Powertrain Market, Revenues & Volume, By DC/AC Inverter, 2021 - 2031 |
6.1.9 Global Electric Powertrain Market, Revenues & Volume, By Power Distribution Module, 2021 - 2031 |
6.2 Global Electric Powertrain Market, Revenues & Volume, By Powertrain Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Electric Powertrain Market, Revenues & Volume, By BEV Powertrain, 2021 - 2031 |
6.2.3 Global Electric Powertrain Market, Revenues & Volume, By MHEV Powertrain, 2021 - 2031 |
6.2.4 Global Electric Powertrain Market, Revenues & Volume, By Series Hybrid Powertrain, 2021 - 2031 |
6.2.5 Global Electric Powertrain Market, Revenues & Volume, By Parallel Hybrid Powertrain, 2021 - 2031 |
6.2.6 Global Electric Powertrain Market, Revenues & Volume, By Series-Parallel Hybrid Powertrain, 2021 - 2031 |
6.3 Global Electric Powertrain Market, Revenues & Volume, By 48V MHEV powertrain component, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Electric Powertrain Market, Revenues & Volume, By 48V Battery, 2021 - 2031 |
6.3.3 Global Electric Powertrain Market, Revenues & Volume, By 12V Battery, 2021 - 2031 |
6.3.4 Global Electric Powertrain Market, Revenues & Volume, By Battery Management System, 2021 - 2031 |
6.3.5 Global Electric Powertrain Market, Revenues & Volume, By DC/AC Inverter, 2021 - 2031 |
6.3.6 Global Electric Powertrain Market, Revenues & Volume, By DC/DC Converter, 2021 - 2031 |
6.3.7 Global Electric Powertrain Market, Revenues & Volume, By 48V BSG/ISG, 2021 - 2031 |
6.3.8 Global Electric Powertrain Market, Revenues & Volume, By Idle Start-Stop, 2021 - 2031 |
6.3.9 Global Electric Powertrain Market, Revenues & Volume, By Regenerative Braking, 2021 - 2031 |
7 North America Electric Powertrain Market, Overview & Analysis |
7.1 North America Electric Powertrain Market Revenues & Volume, 2021 - 2031 |
7.2 North America Electric Powertrain Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Electric Powertrain Market, Revenues & Volume, By BEV powertrain component, 2021 - 2031 |
7.4 North America Electric Powertrain Market, Revenues & Volume, By Powertrain Type, 2021 - 2031 |
7.5 North America Electric Powertrain Market, Revenues & Volume, By 48V MHEV powertrain component, 2021 - 2031 |
8 Latin America (LATAM) Electric Powertrain Market, Overview & Analysis |
8.1 Latin America (LATAM) Electric Powertrain Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Electric Powertrain Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Electric Powertrain Market, Revenues & Volume, By BEV powertrain component, 2021 - 2031 |
8.4 Latin America (LATAM) Electric Powertrain Market, Revenues & Volume, By Powertrain Type, 2021 - 2031 |
8.5 Latin America (LATAM) Electric Powertrain Market, Revenues & Volume, By 48V MHEV powertrain component, 2021 - 2031 |
9 Asia Electric Powertrain Market, Overview & Analysis |
9.1 Asia Electric Powertrain Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Electric Powertrain Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Electric Powertrain Market, Revenues & Volume, By BEV powertrain component, 2021 - 2031 |
9.4 Asia Electric Powertrain Market, Revenues & Volume, By Powertrain Type, 2021 - 2031 |
9.5 Asia Electric Powertrain Market, Revenues & Volume, By 48V MHEV powertrain component, 2021 - 2031 |
10 Africa Electric Powertrain Market, Overview & Analysis |
10.1 Africa Electric Powertrain Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Electric Powertrain Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Electric Powertrain Market, Revenues & Volume, By BEV powertrain component, 2021 - 2031 |
10.4 Africa Electric Powertrain Market, Revenues & Volume, By Powertrain Type, 2021 - 2031 |
10.5 Africa Electric Powertrain Market, Revenues & Volume, By 48V MHEV powertrain component, 2021 - 2031 |
11 Europe Electric Powertrain Market, Overview & Analysis |
11.1 Europe Electric Powertrain Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Electric Powertrain Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Electric Powertrain Market, Revenues & Volume, By BEV powertrain component, 2021 - 2031 |
11.4 Europe Electric Powertrain Market, Revenues & Volume, By Powertrain Type, 2021 - 2031 |
11.5 Europe Electric Powertrain Market, Revenues & Volume, By 48V MHEV powertrain component, 2021 - 2031 |
12 Middle East Electric Powertrain Market, Overview & Analysis |
12.1 Middle East Electric Powertrain Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Electric Powertrain Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Electric Powertrain Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Electric Powertrain Market, Revenues & Volume, By BEV powertrain component, 2021 - 2031 |
12.4 Middle East Electric Powertrain Market, Revenues & Volume, By Powertrain Type, 2021 - 2031 |
12.5 Middle East Electric Powertrain Market, Revenues & Volume, By 48V MHEV powertrain component, 2021 - 2031 |
13 Global Electric Powertrain Market Key Performance Indicators |
14 Global Electric Powertrain Market - Export/Import By Countries Assessment |
15 Global Electric Powertrain Market - Opportunity Assessment |
15.1 Global Electric Powertrain Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Electric Powertrain Market Opportunity Assessment, By BEV powertrain component, 2021 & 2031F |
15.3 Global Electric Powertrain Market Opportunity Assessment, By Powertrain Type, 2021 & 2031F |
15.4 Global Electric Powertrain Market Opportunity Assessment, By 48V MHEV powertrain component, 2021 & 2031F |
16 Global Electric Powertrain Market - Competitive Landscape |
16.1 Global Electric Powertrain Market Revenue Share, By Companies, 2024 |
16.2 Global Electric Powertrain Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |