Automotive Electric Drivetrain Components Market Projected to Reach $122.58 Billion by 2027, Growing at a CAGR of 24.4%
The Business Research Company’s Automotive Electric Drivetrain Components Global Market Report 2023 – Market Size, Trends, And Forecast 2023-2027
LONDON, GREATER LONDON, UK, October 30, 2023 /EINPresswire.com/ -- The global automotive electric drivetrain components market, valued at $40.42 billion in 2022, is set to expand to $122.58 billion by 2027, showcasing a robust compound annual growth rate (CAGR) of 24.4%. The automotive electric drivetrain components market growth has remained resilient despite the challenges posed by the Russia-Ukraine conflict and the lingering effects of the COVID-19 pandemic, driven by the increasing adoption of electric vehicles and the surging demand for innovative drivetrain technologies.
Market Segmentation and Key Players
• Components: Electric Drive Module, DC or DC Converter, Battery Packs, Thermal System, DC or AC Inverter, Power Distribution Module (PDM), and Other Components
• Vehicle: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)
• Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Leading companies such as Volkswagen AG, Robert Bosch GmbH, and Siemens AG continue to spearhead product innovation, emphasizing the development of advanced electric drivetrain components to meet the evolving demands of the automotive sector.
Explore comprehensive insights into the global automotive electric drivetrain components market with a detailed sample report:
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Evolving Trend: Focus on Product Innovation
The automotive electric drivetrain components market is witnessing a notable trend with companies like Volkswagen introducing improved electric vehicle drivetrain APP550, featuring enhanced performance and efficiency. The integration of an advanced heat management system in the drivetrain has further amplified its efficiency, allowing for effective temperature regulation during transmission operations.
Geographical Insights: Asia-Pacific Emerges as a High-Growth Region
Asia-Pacific is expected to witness the fastest growth in the forecast period, underpinned by increasing investments in electric vehicle infrastructure and the rising adoption of electric vehicles in the region. The detailed report provides comprehensive insights into regional dynamics, market trends, and growth prospects across key geographical segments.
Access the complete report for an in-depth analysis of the global automotive electric drivetrain components market:
https://www.thebusinessresearchcompany.com/report/automotive-electric-drivetrain-components-global-market-report
Automotive Electric Drivetrain Components Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Automotive Electric Drivetrain Components Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on automotive electric drivetrain components market size, automotive electric drivetrain components market drivers and trends, automotive electric drivetrain components market major players, automotive electric drivetrain components market competitors' revenues, market positioning, and automotive electric drivetrain components market growth across geographies. The automotive electric drivetrain components market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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