Electric Powertrain Market 2021 Size, Growth Analysis Report, Forecast to 2027

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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