The global electric vehicle powertrain market is projected to reach USD 120 Billion by 2025 and is estimated to witness ~16% CAGR during the period from 2019 to 2025.Global Electric Vehicle Powertrain Market Research Report: Information, by Component (Battery, E-Motor, Power Electronics, Thermal Management Modules and others), Propulsion (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicles (PHEV)), Vehicle Type (Passenger Car and Commercial Vehicle) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2025
Electric Vehicle Powertrain Market Overview
A powertrain system in electric vehicles is used to power the vehicle axle and other vehicle drive systems. Factors such as the increasingly stringent regulations regarding the fuel economy with limited greenhouse emissions, growing demand for e-mobility, and the rising sales of electric vehicles drive the market growth. However, growing demand for e-mobility in vehicles is expected to provide promising opportunities for market players. The powertrain system provides various advantages including emission-free and low noise drive and energy saving. The global electric vehicle powertrain market is projected to reach USD 120 Billion by 2025 and is estimated to witness ~16% CAGR during the period from 2019 to 2025.
Government initiatives also promote the adoption of electric vehicles globally due to raising focus toward improved air quality and climate protection. For instance, in September 2017, to ensure that electric vehicles account for 15% of total vehicle sales in the country over the next five years the Indian Ministry of Road Transport and Highways announced a list of non-fiscal incentives.
Segmentation:
The global electric vehicle powertrain market is segmented based on component, propulsion, vehicle type, and region. The global market has been segmented based on component as battery, e-motor, power electronics, thermal management modules, and others. The battery segment is projected to witness a significant growth over the forecast period due to growing adoption of bigger battery packs in vehicles for higher ranges, more power, and long distance drive.
On the basis of component, the e-motor segment is expected to hold largest share in the global market over the forecast period and is projected to grow at a significant rate over the forecast period. The growing demand for the enhancement of efficiency & durability of the electrical powertrains of EV/HEV drive the growth of e-motor over the forecast period. The thermal management module segment is projected to witness a moderate growth over the forecast period. The rise in need to manage battery temperature, cabin area, heating, ventilation, cooling, and air-conditioning (HVAC), and powertrain system of vehicles is likely to further boost the market growth.
On the basis of propulsion, the global market has been segmented as hybrid, battery, and plug-in hybrid electric vehicle. The plug-in hybrid electric vehicle segment is expected to witness the highest growth during the forecast period due to growing development of charging infrastructure globally. Whereas, the battery electric vehicle segment is projected to grow at significant rate over the forecast period due to growing demand for battery electric vehicles from Japan and South Korea.
On the basis of vehicle type, the global market has been segmented into passenger car and commercial vehicle. The passenger car segment holds the larger share in the global electric vehicle powertrain market over the forecast period given the demand for connected cars globally. The commercial vehicle segment is projected to witness a substantial growth over the forecast period due to growing demand for electrically-driven light truck from emerging country like China, India, Brazil, and Argentina.
Regional Analysis:
In terms of region, the global market for the electric vehicle powertrain is segmented as Europe, North America, Asia-Pacific, and the rest of the world. Asia-Pacific is estimated to hold the largest market share and is projected to grow rapidly during the forecast period owing to growing production of electric vehicles and establishing manufacturing facilities of automotive powertrain. Moreover, the growing population, changing lifestyle, and rising purchasing power of people are expected to boost the demand for electric vehicle powertrain market in Asia-Pacific.
Europe is estimated to grow at a high rate in electric vehicle powertrain market during the forecast period with the presence of key players such as Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), and Continental AG (Germany) are contributing in the growth of this market.
North America is expected to witness a substantial growth over the forecast period the increased spending on research and development to promote the vehicle advanced technologies and increased presence of major powertrain manufacturers such as BorgWarner Inc. and Dana Incorporated will increase the revenue for the electric vehicle powertrains during the forecast period in North America. Additionally, in the US, the US Environmental Protection Agency (EPA) and the Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) established new fuel economy and greenhouse gas standards for vehicles. The standards are applied to all automobiles, including electric vehicles from 2012. These standards enhanced the demand for Powertrains in the country, which in turn drives the growth of this market.
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SummaryGlobal Electric Vehicle Powertrain Market Research Report: Information, by Component (Battery, E-Motor, Power Electronics, Thermal Management Modules and others), Propulsion (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicles (PHEV)), Vehicle Type (Passenger Car and Commercial Vehicle) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2025.OverviewThe global electric vehicle powertrain market is witnessing a considerable rise in its size.
In its recent COVID 19 analysis on the EV powertrain market, MRFR also asserts that the market would register 16 % CAGR throughout the anticipated period (2019 – 2025).Improving electric vehicle infrastructures in countries like China, South Korea, Japan, the US, and Germany substantiates market growth.Get Free Sample @ https://www.marketresearchfuture.com/sample_request/8276Increasing production of EVs means a growing need for rehauling the entire ecosystem and architecture of a vehicle and its surrounding environment.
Though it would take some time to develop zero carbon emission vehicles, electric vehicles are certainly one of the greener alternatives with fewer lifecycle emissions.Governments across the world are fuelling the research projects to optimize components and test simulation toolkits for powertrains, which in turn drive the market growth significantly.
Conversely, high prices of EVs are significant factors slowing the growth of the market.Major Players: Players leading the global electric vehicle powertrain market include EPT Co., Inc. (South Korea), ZF Friedrichshafen AG (Germany), WEG (Brazil), IET S.p.A. (Italy), Bonfiglioli Riduttori S.P.A (Italy), Automation Tooling Systems Inc. (Canada), NXP Semiconductors (the Netherlands), GKN PLC (UK), Robert Bosch GmbH (Germany), Continental AG (Germany), BorgWarner Inc. (US), AVL List GmbH (Austria), Magna International Inc. (Canada), Mitsubishi Electric Corp (Japan), and Dana Incorporated (US), among others.SegmentationThe report is segmented into four dynamics;By Component: Battery, E-Motor, Power Electronics, Thermal Management Modules, and others.By Propulsion: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicles (PHEV), and others.By Vehicle Type: Passenger Car, Commercial Vehicle, and others.By Regions: Asia Pacific, North America, Europe, and Rest-of-the-World.Regional AnalysisAsia Pacific dominates the global electric vehicle powertrain market.
Private and public organizations growing investments and the rise in demand for safety features in vehicles foster the growth of the market.Furthermore, increasing researches bring up developments of electric vehicle powertrains, such as power inverters and power modules, to boost the market growth.
Also, investments in research and development, large potential consumer base in the US, and Canada create a huge demand for environment-friendly vehicles, contributing to the EV powertrain sales.Europe, too holds a considerable share in the global electric vehicle powertrain market.
Market Research Future (MRFR) in the new report on the Global Automotive Parking Sensors Market 2020, states determiners and restrains on the market.
A detailed study on the influence of COVID 19 outbreak on the automotive parking sensors is elaborated in the report.
As per MRFR data, the global market is anticipated to thrive at 8% across the analysis period.Automotive parking sensors have become an essential part of the automotive industry as they ensure the safety and maximum utilisation of the parking spaces.
On observing the current trends, the global automotive parking sensors market is expected to touch 08 % annual growth mar during the survey periods.
Such sensors are not only useful in protecting the vehicle, but they are also a helpful tool to protect pedestrians from potential damages.Parking sensors are improving the driving experiences by making effective use of parking spaces and improve the rearview capabilities.
Increasing demand for human safety and under the hood safety features is propelling the market on global scales.
Global Wi-Fi Adapter Card Market Research Report: by OS Support (Windows, MacOS, and Others), by Application (Gaming, Media Editing, and Others), by Speed (Below 500 Mbps, 500 to 1000 Mbps, and Above 1000 Mbps), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) — Forecast till 2025Wi-Fi Adapter Card Market Highlights The major factors for the growth of W-Fi adapter card market are the rising popularity of online games played on mobile phones and professional gaming competitions.
The Wi-Fi adapter cards help in maintaining secured and robust connectivity between devices.
Moreover, increasing wireless technological advancements and the demand for reducing the data transmission lag are some of the factors boosting the market growth.Regional AnalysisThe Wi-Fi adapter card market has been categorized into four regions — North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
Among the major regions mentioned, the North American market is expected to register the highest CAGR during the forecast period.
The Wi-Fi adapter cards are mainly used for gaming and media editing.
The Wi-Fi adapter cards provide reliable operation in terms of high-speed connectivity among several computing applications.
There are so many individuals that getting into the automotive locks and tumblers along with all the associated stuff.
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Pune, India, May 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Semi-Autonomous Vehicle Market.
Semi-autonomous vehicles accelerate and decelerate more efficiently than manual driving, which lead to their high demand.
On the basis of component, the global market has been segmented as camera, LiDAR, radar, ultrasonic sensor, and others.
The increase in demand for electric vehicles, strategic initiatives by major players and government initiatives to increase the sale of electric vehicle and related infrastructure, are the factors expected to boost the adoption of electric propelled vehicles through the forecast period.
The global market for semi-autonomous vehicle is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
In 2018, Continental and NVIDIA partnered to develop a semi-autonomous vehicle slated to debut in 2021 by combining the Continental’s sensor technology and NVIDIA’s AI software and computer processing units to develop artificial intelligence for powering semi-autonomous cars.
Finding a reliable automotive repair shop that you can trust time and again to get the job done right is an important part of owning a vehicle.
Unless you want to scramble at the last minute to find dependable service at a moment’s notice every time something goes wrong with your car, you will want to do your research beforehand and find a local business that will truly meet your needs.If you are specifically interested in auto repair in Phoenix, AZ, this quick guide will help get you where you need to be.
In order to properly take care of your vehicle, you always want to make sure it’s in good hands, whether it’s for routine maintenance or a serious issue.
This is why it’s worth searching for a superior kind of service that will go that extra mile to keep you on the road.Prioritizing Quality Service For Your CarEvery repair job for your car can have serious consequences if it’s not performed properly.
Even small routine tasks like oil changes and tire rotations can backfire if the team performing them is uninterested in their job or if the location in question is understaffed and not prioritizing their workflow or customer satisfaction.We’ve all heard the horror stories.
These kinds of incidents, while rare, do happen, so you want to make sure you take the time to find auto repair services near you that actually focus on quality car care and service that you can trust.
