Electric Vehicle Powertrain Market to touch USD 135 billion by 2027 | Market Research Future (MRFR)
Key Companies profiled include ZF Friedrichshafen AG (Germany), EPT Co., Inc. (South Korea), WEG (Brazil), Bonfiglioli Riduttori S.P.A (Italy), IET S.p.A. (Italy), Automation Tooling Systems Inc. (Canada), GKN PLC (UK), NXP Semiconductors (the Netherlands), Robert Bosch GmbH (Germany), BorgWarner Inc. (US), Continental AG (Germany), AVL List GmbH (Austria), Mitsubishi Electric Corp (Japan), Magna International Inc. (Canada), and Dana Incorporated (US)., among others.
/EIN News/ -- Pune, April 27, 2021 (GLOBE NEWSWIRE) --
EV Powertrain Market Analysis
The
electric vehicle powertrain market is anticipated to touch USD 135 billion at a 16% CAGR over the forecast period (2020- 2027), reveals the current Market Research Future (MRFR) report. An electric powertrain, simply put, is a closed-loop system, chiefly constituted by power delivery module (PDM), reduction drive, high-power electric motor, inverter, and battery. Powertrains in electric cars are used for enhancing the range of efficiency for the car. Powertrain systems can be utilized flexibly in electric cars like plug-in electric cars, hybrid, and battery because these are easy to integrate. Thus the deployment of such systems in electric cars also helps in reducing development costs and times.