The global electric vehicle powertrain market size is predicted to reach USD 64.87 billion by 2026, exhibiting a CAGR of 28.5% during the forecast period.
The growing environmental concerns and rising energy consumption will contribute positively to the electric vehicle powertrain market growth during the forecast period. In addition, the focus on green energy to reduce carbon emissions along with growing innovation in hybrid vehicles by renowned automotive companies will have a positive impact on the electric vehicle powertrain market revenue in the foreseeable future.
According to the published by Fortune Business Insights in a report, titled “Electric Vehicle Powertrain Market Size, Share, and Industry Analysis By Component Type (Electric Motor, Inverter, Converter, Power Distribution Module, Transmission), By Vehicle Type (Passenger Cars, Buses & Coaches), and Geography Forecast till 2026” the market size stood at USD 7.99 billion in 2018.
The electric vehicle powertrain market report focuses on demonstrating a complete assessment of the market. It contains facts, thoughtful insights, historical information, industry-validated market information, and projections with a suitable set of assumptions and methodology. It offers valuable insights into all the notable developments of the market. It shares a complete overview of all the segments and parts of the electric vehicle powertrain market analysis, while providing statistical data on all the regions. It is created after extensive research followed by an all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. Moreover, it also includes product launches, acquisitions, collaborations and partnerships, and industry developments.