The global electric powertrain market size is expected to reach USD 1914 billion by 2027 from USD 62.9 billion in 2019, with an average annual growth rate of 14%. The mass adoption and domestic production of electric vehicles, the increasing demand for electric vehicles and attractive incentives from the government to rigor will drive the electric powertrain market.
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Electric Powertrain Market Segmentation
By Component
• Transmission
• Motors
• Battery
• Engine
By Product Type
• Series Hybrid Powertrain
• Battery Electric Vehicle Powertrain
• Series-Parallel Hybrid Powertrain
• Mild Hybrid Powertrain
• Parallel Hybrid Powertrain
By Application
• Passenger Cars
• Commercial Vehicles
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