Automotive Electric Drivetrain Components Market
The automotive electric drivetrain components sector is on the brink of remarkable expansion as the global shift toward electrification accelerates. With advancements in technology and growing environmental regulations, this market is poised for substantial growth, driven by innovations in electric vehicle systems and increasing adoption of cleaner transportation solutions. Let’s explore the market valuation, leading companies, prevailing trends, and key segments shaping this industry’s future.
Forecasted Growth and Market Size Outlook for Automotive Electric Drivetrain Components
The automotive electric drivetrain components market is projected to experience rapid growth, soaring to a valuation of $225.87 billion by 2030. This remarkable expansion is expected at a compound annual growth rate (CAGR) of 23.6%. Several factors contribute to this surge, including increasingly strict emission regulations, the rising popularity of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), advancements in solid-state battery technology, and the growing demand for high-performance electric vehicles. Additionally, the expansion of charging infrastructure supports this upward trajectory. Key trends anticipated to influence the market include the integration of electric drive modules, heightened demand for efficient inverters, adoption of cutting-edge thermal management systems, innovations in battery pack design, and the growth of regenerative braking systems.
Download a free sample of the automotive electric drivetrain components market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12358&type=smp
Current Market Leaders in the Automotive Electric Drivetrain Components Industry
The competitive landscape of the automotive electric drivetrain components market features a number of significant players, including Robert Bosch GmbH, ZF Friedrichshafen AG, Denso Corporation, Continental AG, Magna International Inc., Aisin Corporation, Valeo SA, Schaeffler AG, Nidec Corporation, BorgWarner Inc., Dana Incorporated, GKN Automotive, MAHLE GmbH, Infineon Technologies AG, Hitachi Astemo, Hyundai Mobis, Mitsubishi Electric, Panasonic Corporation, Eaton Corporation, and Parker Hannifin.
Expanding Market Footprint Through Strategic Acquisitions
In May 2024, Genuine Parts Company (GPC), headquartered in Germany and specializing in automotive components, acquired Motor Parts & Equipment Corporation (MPEC), a manufacturer based in the Philippines. Although the financial details were not disclosed, this acquisition is intended to strengthen GPC’s market presence by integrating MPEC’s distribution network and expertise. The move aims to enhance GPC’s operational efficiency and broaden its product portfolio, ultimately allowing the company to provide better service to its clientele in the automotive components arena.
View the full automotive electric drivetrain components market report:
https://www.thebusinessresearchcompany.com/report/automotive-electric-drivetrain-components-global-market-report
Significant Trends Shaping the Automotive Electric Drivetrain Components Market
Leading companies in the automotive electric drivetrain components sector are increasingly forming strategic partnerships to accelerate the design and development of electric vehicle powertrains through virtual prototyping. Such collaborations enable firms to combine their strengths and resources for mutual gain. For example, in December 2023, Hexagon AB, a Swedish technology manufacturer specializing in EV powertrains, partnered with JSOL Corporation, a Japan-based IT service provider, to fast-track virtual prototyping using multi-physics simulation.
This partnership builds upon their long-standing technological cooperation, providing clients worldwide with precise and efficient virtual prototyping of complex electro-mechanical systems. By integrating Hexagon’s advanced engineering simulation software with JSOL’s JMAG electromagnetic field analysis tools, customers can now overcome various system design challenges virtually with greater speed, accuracy, and cost-effectiveness compared to traditional physical prototyping methods.
Detailed Segment Analysis for the Automotive Electric Drivetrain Components Market
This report divides the automotive electric drivetrain components market into several key segments:
1) By Components: Including Electric Drive Modules, DC to DC Converters, Battery Packs, Thermal Systems, DC to AC Inverters, and Power Distribution Modules (PDM).
2) By Vehicle Type: Covering Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), Plug-In Hybrid Electric Vehicles (PHEV), and Fuel Cell Electric Vehicles (FCEV).
3) By Sales Channel: Categorized into Original Equipment Manufacturer (OEM) and Aftermarket channels.
Further subsegment details include:
– Electric Drive Modules: Integrated Electric Drive Systems and Electric Motor Assemblies.
– DC to DC Converters: Step-Up and Step-Down Converters.
– Battery Packs: Lithium-Ion, Solid-State, and Nickel-Metal Hydride (NiMH) variants.
– Thermal Systems: Cooling Systems, Heating Systems, and other Thermal Management Components.
– DC to AC Inverters: DC to AC Inverters and Multilevel Inverters.
– Power Distribution Modules: Battery Management Systems (BMS) and Power Routing Modules.
These classifications provide a comprehensive framework for understanding the diverse components and vehicle types driving growth within this evolving market.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
