Electric Vehicle Powertrain Market 2021 | Size, Growth Factors, Top Companies, Regional Analysis, Future Prospects and Forecast by 2027
Electric Vehicle Powertrain Market Overview Electric vehicle powertrain market is projected to reach USD 135 billion by 2027 and is estimated to witness 16% CAGR during the period from 2020 to 2027. The Global Electric Vehicle Powertrain Market is witnessing a considerable rise in its size. The market growth attributes to the advent of electric vehicles and usages of powertrain systems in EVs to increase electric mobility and reduce the costs of operations. Besides, the increase in production and sales of electric cars and stringent emission regulations, drive the growth of the market. Moreover, increasing new energy vehicles (NEV) demand escalates the market demand to furthered height. Major Players: Players leading the global Electric Vehicle Powertrain Market include EPT Co., Inc. (South Korea), ZF Friedrichshafen AG (Germany), WEG (Brazil), IET S.p.A. (Italy), Bonfiglioli Riduttori S.P.A (Italy), Automation Tooling Systems Inc. (Canada), NXP Semiconductors (the Netherlands)