Singapore Electric Powertrain Market (2025-2031) Outlook | Revenue, Value, Industry, Growth, Share, Size, Analysis, Trends, Companies & Forecast
Market Forecast By BEV powertrain component (Motor/Generator, HV Battery, 12V Battery, Battery Management System, Controller, DC/DC Converter, DC/AC Inverter, Power Distribution Module), By Powertrain Type (BEV Powertrain, MHEV Powertrain, Series Hybrid Powertrain, Parallel Hybrid Powertrain, Series-Parallel Hybrid Powertrain), By 48V MHEV powertrain component (48V Battery, 12V Battery, Battery Management System, DC/AC Inverter, DC/DC Converter, 48V BSG/ISG, Idle Start-Stop, Regenerative Braking) And Competitive Landscape
| Product Code: ETC4577008 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Singapore Electric Powertrain Market Overview
Singapore push for sustainable and eco-friendly transportation has driven the Electric Powertrain market. Electric powertrains are integral to electric vehicles (EVs) and hybrid vehicles, aligning with the government`s vision to reduce carbon emissions and dependency on fossil fuels. The market has witnessed growth as more consumers and businesses look for electric alternatives, benefitting from government incentives and infrastructure development for EVs.
Drivers of the Market
The electric powertrain market in Singapore is booming due to the country`s commitment to reducing carbon emissions. The shift towards electric vehicles (EVs) is driven by government incentives and a desire to reduce air pollution. Electric powertrains are at the forefront of this transition, with growing demand for electric motors, batteries, and power control systems.
Challenges of the Market
The electric powertrain market in Singapore faces challenges related to the limited infrastructure for electric vehicles (EVs). While EV adoption is increasing, the availability of charging stations and the time required for recharging remain critical challenges. Additionally, the high cost of electric powertrain components, such as batteries, can deter potential buyers. Manufacturers must work on reducing costs and increasing the range and efficiency of electric powertrains to promote wider adoption.
Covid-19 impact of the Market
The COVID-19 pandemic accelerated the adoption of electric powertrains in the Singapore automotive market. With a growing emphasis on electric vehicles (EVs), the demand for electric powertrains surged. EVs gained popularity as consumers sought cleaner and more sustainable transportation options. The market saw investments in electric powertrain development and production, leading to a shift in the automotive landscape. Despite supply chain challenges, the pandemic reinforced the importance of sustainable mobility solutions.
Leading Players of the Market
In the Singapore electric powertrain market, key players include global automotive manufacturers like Tesla, Nissan, and BMW. Additionally, local companies such as ST Engineering and Grab may contribute to the development of electric powertrain solutions.
Key Highlights of the Report:
- Singapore Electric Powertrain Market Outlook
- Market Size of Singapore Electric Powertrain Market, 2024
- Forecast of Singapore Electric Powertrain Market, 2031
- Historical Data and Forecast of Singapore Electric Powertrain Revenues & Volume for the Period 2021-2031
- Singapore Electric Powertrain Market Trend Evolution
- Singapore Electric Powertrain Market Drivers and Challenges
- Singapore Electric Powertrain Price Trends
- Singapore Electric Powertrain Porter's Five Forces
- Singapore Electric Powertrain Industry Life Cycle
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By BEV powertrain component for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By Motor/Generator for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By HV Battery for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By 12V Battery for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By Battery Management System for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By Controller for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By DC/DC Converter for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By DC/AC Inverter for the Period 2021-2031
- Historical Data and Forecast of Singapore Motor/Generator Electric Powertrain Market Revenues & Volume By Power Distribution Module for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By Powertrain Type for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By BEV Powertrain for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By MHEV Powertrain for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By Series Hybrid Powertrain for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By Parallel Hybrid Powertrain for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By Series-Parallel Hybrid Powertrain for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By 48V MHEV powertrain component for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By 48V Battery for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By 12V Battery for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By Battery Management System for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By DC/AC Inverter for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By DC/DC Converter for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By 48V BSG/ISG for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By Idle Start-Stop for the Period 2021-2031
- Historical Data and Forecast of Singapore Electric Powertrain Market Revenues & Volume By Regenerative Braking for the Period 2021-2031
- Singapore Electric Powertrain Import Export Trade Statistics
- Market Opportunity Assessment By BEV powertrain component
- Market Opportunity Assessment By Powertrain Type
- Market Opportunity Assessment By 48V MHEV powertrain component
- Singapore Electric Powertrain Top Companies Market Share
- Singapore Electric Powertrain Competitive Benchmarking By Technical and Operational Parameters
- Singapore Electric Powertrain Company Profiles
- Singapore Electric Powertrain Key Strategic Recommendations
What are the key trends shaping the future outlook of the Singapore electric powertrain market?
The future outlook of the Singapore electric powertrain market is being heavily influenced by advancements in battery technology, with companies like Tesla leading the way in developing high-performance electric vehicles. Additionally, government initiatives promoting sustainable transportation, such as the Singapore Green Plan 2030, are driving the adoption of electric powertrains in the country.
The Singapore electric powertrain market encompasses the various components and technologies involved in the electrification of vehicles, including electric motors, batteries, power electronics, and control systems. It caters to a range of sectors such as automotive, marine, and aerospace. Companies like ST Engineering and Grab are actively involved in developing electric powertrain solutions in Singapore.
In Singapore, customers are increasingly leaning towards electric vehicles due to the government's initiatives promoting sustainability and reduced emissions. Companies like Tesla and Nissan have seen growing interest in their electric vehicle models such as the Tesla Model 3 and Nissan Leaf. Additionally, customers are showing a preference for powertrains that offer longer driving ranges and faster charging capabilities, reflecting a shift towards convenience and practicality in their decision-making process.
The key driver in the Singapore electric powertrain market is the government's push for sustainability and reduction of carbon emissions, leading to initiatives such as the Green Plan 2030 which aims to deploy 60,000 electric vehicle charging points by 2030. However, challenges include the high upfront costs of electric vehicles and limited charging infrastructure. Additionally, the dynamics of partnerships between local players like ST Engineering and international companies such as Tesla play a role in shaping the market landscape.
The Singapore electric powertrain market is experiencing a shift towards sustainable mobility solutions driven by the government's initiatives such as the Green Plan 2030. Companies like Tesla and BMW are expanding their electric vehicle offerings in the country, while advancements in battery technology are enhancing the performance and range of electric vehicles. Additionally, the push for stricter emission regulations and incentives for electric vehicle adoption are further accelerating the growth of the electric powertrain market in Singapore.
6Wresearch actively monitors the Singapore Electric Powertrain Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Singapore Electric Powertrain Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Singapore Electric Powertrain Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Electric Powertrain Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Electric Powertrain Market - Industry Life Cycle |
3.4 Singapore Electric Powertrain Market - Porter's Five Forces |
3.5 Singapore Electric Powertrain Market Revenues & Volume Share, By BEV powertrain component, 2021 & 2031F |
3.6 Singapore Electric Powertrain Market Revenues & Volume Share, By Powertrain Type, 2021 & 2031F |
3.7 Singapore Electric Powertrain Market Revenues & Volume Share, By 48V MHEV powertrain component, 2021 & 2031F |
4 Singapore Electric Powertrain Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting electric vehicles |
4.2.2 Increasing environmental awareness and sustainability efforts |
4.2.3 Rising fuel prices leading to a shift towards electric powertrains |
4.3 Market Restraints |
4.3.1 High initial costs of electric vehicles and powertrains |
4.3.2 Limited charging infrastructure in Singapore |
4.3.3 Range anxiety among consumers regarding electric vehicles |
5 Singapore Electric Powertrain Market Trends |
6 Singapore Electric Powertrain Market, By Types |
6.1 Singapore Electric Powertrain Market, By BEV powertrain component |
6.1.1 Overview and Analysis |
6.1.2 Singapore Electric Powertrain Market Revenues & Volume, By BEV powertrain component, 2021-2031F |
6.1.3 Singapore Electric Powertrain Market Revenues & Volume, By Motor/Generator, 2021-2031F |
6.1.4 Singapore Electric Powertrain Market Revenues & Volume, By HV Battery, 2021-2031F |
6.1.5 Singapore Electric Powertrain Market Revenues & Volume, By 12V Battery, 2021-2031F |
6.1.6 Singapore Electric Powertrain Market Revenues & Volume, By Battery Management System, 2021-2031F |
6.1.7 Singapore Electric Powertrain Market Revenues & Volume, By Controller, 2021-2031F |
6.1.8 Singapore Electric Powertrain Market Revenues & Volume, By DC/DC Converter, 2021-2031F |
6.1.9 Singapore Electric Powertrain Market Revenues & Volume, By Power Distribution Module, 2021-2031F |
6.1.10 Singapore Electric Powertrain Market Revenues & Volume, By Power Distribution Module, 2021-2031F |
6.2 Singapore Electric Powertrain Market, By Powertrain Type |
6.2.1 Overview and Analysis |
6.2.2 Singapore Electric Powertrain Market Revenues & Volume, By BEV Powertrain, 2021-2031F |
6.2.3 Singapore Electric Powertrain Market Revenues & Volume, By MHEV Powertrain, 2021-2031F |
6.2.4 Singapore Electric Powertrain Market Revenues & Volume, By Series Hybrid Powertrain, 2021-2031F |
6.2.5 Singapore Electric Powertrain Market Revenues & Volume, By Parallel Hybrid Powertrain, 2021-2031F |
6.2.6 Singapore Electric Powertrain Market Revenues & Volume, By Series-Parallel Hybrid Powertrain, 2021-2031F |
6.3 Singapore Electric Powertrain Market, By 48V MHEV powertrain component |
6.3.1 Overview and Analysis |
6.3.2 Singapore Electric Powertrain Market Revenues & Volume, By 48V Battery, 2021-2031F |
6.3.3 Singapore Electric Powertrain Market Revenues & Volume, By 12V Battery, 2021-2031F |
6.3.4 Singapore Electric Powertrain Market Revenues & Volume, By Battery Management System, 2021-2031F |
6.3.5 Singapore Electric Powertrain Market Revenues & Volume, By DC/AC Inverter, 2021-2031F |
6.3.6 Singapore Electric Powertrain Market Revenues & Volume, By DC/DC Converter, 2021-2031F |
6.3.7 Singapore Electric Powertrain Market Revenues & Volume, By 48V BSG/ISG, 2021-2031F |
6.3.8 Singapore Electric Powertrain Market Revenues & Volume, By Regenerative Braking, 2021-2031F |
6.3.9 Singapore Electric Powertrain Market Revenues & Volume, By Regenerative Braking, 2021-2031F |
7 Singapore Electric Powertrain Market Import-Export Trade Statistics |
7.1 Singapore Electric Powertrain Market Export to Major Countries |
7.2 Singapore Electric Powertrain Market Imports from Major Countries |
8 Singapore Electric Powertrain Market Key Performance Indicators |
8.1 Average distance covered per charge |
8.2 Number of public charging stations per capita |
8.3 Adoption rate of electric powertrains in commercial fleets |
9 Singapore Electric Powertrain Market - Opportunity Assessment |
9.1 Singapore Electric Powertrain Market Opportunity Assessment, By BEV powertrain component, 2021 & 2031F |
9.2 Singapore Electric Powertrain Market Opportunity Assessment, By Powertrain Type, 2021 & 2031F |
9.3 Singapore Electric Powertrain Market Opportunity Assessment, By 48V MHEV powertrain component, 2021 & 2031F |
10 Singapore Electric Powertrain Market - Competitive Landscape |
10.1 Singapore Electric Powertrain Market Revenue Share, By Companies, 2024 |
10.2 Singapore Electric Powertrain Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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