The market for automotive electric transmission components to hit
Selbyville, Delaware, November 30, 2021 (GLOBE NEWSWIRE) –
The automotive electric transmission components market revenue is expected to register a valuation of $ 170 billion by 2027, according to the most recent study from Global Market Insights Inc. The growing demand for alternative fuel vehicles to reduce greenhouse gas emissions from the transportation sector and to reduce environmental damage from conventional vehicles has prompted government intervention.
Actors in the automotive electric transmission components industry are taking initiatives to improve battery energy storage and increase efficiency. Established manufacturers and suppliers integrate DC / AC inverter and other components to improve efficiency. In 2017, Bosch acquired the battery start-up Seeo Inc., to manufacture a 50 kWh battery pack weighing only 190 kg.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/5156
The DC / DC converter segment will observe over 25% CAGR in the automotive electric transmission components market. It is a type of electric power converter; it converts a direct current source from one voltage level to another. In a hybrid electric vehicle, the DC / DC converter can operate in the reverse order to increase power from a 12 volt range to a 48 volt range, to aid in starting a vehicle, or to provide power from a 12 volt range to a 48 volt range. vehicle rescue.
North America will hold more than 15% of the automotive electric transmission components market share by 2027. This can mainly be attributed to the huge sales and production of new energy vehicles in North America. In 2020, sales of new energy vehicles in the United States were around 300,000. In addition, consumers are adopting advanced fuel-efficient motor vehicles such as the HEV, which further increases the demand for fuel-efficient components. automotive electric transmission.
Leading industry players in the automotive electric transmission components market are collaborating with electric vehicle OEMs for product development. For example, in August 2021, BorgWarner secured contracts from two leading Chinese OEMs for the supply of dual inverters that will be installed in Hybrid Electric Vehicles (HEVs) and Plug-in Hybrid Electric Vehicles (PHEVs).
Here are some of the key findings of the Automotive Electric Transmission Components Market report:
- Governments around the world are actively offering significant tax breaks and incentive schemes to adopt environmentally friendly public transport vehicles.
- Latin America is in its infancy and will experience sustained growth due to the growing demand for sustainable public transport that provides quieter operation and better acceleration. The growing importance of industry players focusing on expanding their production facilities will further support the expansion of the industry.
- Most of the components of the automotive electric transmission are beyond repair, replacement is the only option, further increasing the demand for the product in the aftermarket segment.
- The availability of lower cost ICE vehicles as well as limited charging infrastructure around the world are expected to constrain the market for electric vehicle and automotive electric transmission components.
Request for customization of this research report at https://www.gminsights.com/roc/5156
Partial chapters of the report table of contents (TOC):
Chapter 3 Automotive Electric Transmission Components Industry Overview
3.1 Industry segmentation
3.2 Industry landscape, 2017 – 2027
3.2.1 Impact of COVID-19 on Automotive Electrical Transmission Components Industry
3.3 Industry Ecosystem Analysis
3.3.1 Raw material suppliers
3.3.2 Component manufacturers
3.3.3 Analysis of distribution channels
3.3.4 Adding value at each stage
3.3.5 Supplier matrix
18.104.22.168 List of Major Manufacturers of Automotive Electric Transmission Components
22.214.171.124 List of key / potential customers
3.4 Price analysis (including COVID-19 impact)
3.4.1 Regional price trends
3.4.2 Cost Structure Analysis, 2020
3.5 Innovation & sustainability
3.5.1 Technological landscape
3.5.2 Future trends
3.6 Vehicle electrification scenario
3.6.1 North America
3.6.3 Asia-Pacific (APAC)
3.6.4 Latin America (LATAM)
3.6.5 Middle East and Africa (MEA)
3.7 Regulatory landscape
3.7.1 United States
3.8 Industry impact forces
3.8.1 Growth drivers
126.96.36.199 Increase financial incentives and infrastructure support spending
188.8.131.52 Strict emissions regulations and initiatives to reduce the carbon footprint
184.108.40.206 Presence of several automotive suppliers as well as investments for technological advances
220.127.116.11 Growing need for clean mobility and transport solutions
3.8.2 Pitfalls and challenges of the industry
18.104.22.168 Lack of charging infrastructure
22.214.171.124 High cost of batteries and supply chain constraints
3.9 Analysis of growth potential, 2020
3.10 Porter’s analysis
3.11 Competitive landscape
3.11.1 Best Player Analysis, 2020
3.11.2 Strategy dashboard
3.12 PESTLE analysis
3.13 Impact of COVID-19 on the automotive industry
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services; offering syndicated and personalized research reports as well as growth consulting services. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid strategic decision making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.