Europe Electric Powertrain Market by Component, by Electric Vehicle, by Powertrain, by Vehicle, and Major Countries, Market Size and Growth, Market Outlook and Forecast by Revenue (2017-2027): Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Electric Powertrain Market Definition and Overview An electric powertrain powers the vehicle by producing energy to propel the vehicle forward. It comprises various components such as electric motors which converts electric energy into mechanical energy and delivers it to wheels through single transmission, a battery to store energy that is needed to propel the vehicle, DC-DC converter which helps to distribute power to different systems in a vehicle and a charger to control the amount of the current flowing in the battery pack. It also has several advantages such as higher efficiency, an electric vehicle converts 80% of the energy used to its usable power whereas the conventional vehicle converts only 20%, low- maintenance cost, high durability over an internal combustion engine (ICE) in conventional cars. Europe Electric Powertrain Market Outlook, Drivers, and Challenges The electric powertrain market in Europe is expected to grow at a rate of more than 10% CAGR over the next five years. The electric powertrain vehicles are predicted to be a leading future component of Europe’s mobility system, as it helps in the reduction of the impacts on climate change, health, and ecosystem. Major automobile companies such as BMW Group, Daimler, Ferrari, Ford etc. are shifting away from ICE vehicles to electric vehicles, leading to fully electrified sales over the coming years. During the first quarter 2022, the market share for Battery Electric Vehicles (BEVs) doubled as the sales across the European continent increased. Government policies, incentives, falling battery prices, and declining lifetime cost of ownership are also some of the dominant factors that are anticipated to propel the growth of the market during the forecast period. The government of Europe plans to shift away from combustion engine-powered vehicles and proposed a ban on the sale of ICE vehicles by 2035, seeking to step up against climate change through the faster adoption of electric vehicles. Furthermore, incentives are contributing to the growth of the market as there are seven European countries such as Belgium, France, UK, Germany, Norway, Netherland, and Sweden offering bonus payments and reducing tax. Countries like UK, France, and Norway are aiming to completely ban the sales of internal combustion (ICE) vehicles by 2030 while countries like Germany and Spain are targeting to ban the sales by 2040. For any queries or feedback, reach out to the author at Support@kenresearch.com To fully decarbonize the EU road transport by 2030, electrification plays a vital role in the demand for electric vehicles. Currently, passenger cars contribute 12% of carbon dioxide (CO2) emissions in Europe. By increasing environmental awareness and reducing emissions, more people will be encouraged to opt for electric cars. Also, manufacturers are focusing on initiating innovative and efficient electric powertrain solutions for all types of vehicles which is considered to be an important driving factor of market growth. Making battery management systems cost-effective with high performance is quite challenging, resulting in EV less attractive as it will be expensive. Lack of fast charging infrastructure is also a considerable roadblock as there is limited access to public charging stations in Europe. Europe Electric Powertrain Market Value Chain Analysis The electric powertrain value chain consists of raw material suppliers, components manufacturers, electric powertrain manufacturers/assemblers, and electric vehicle manufacturers (end users). Raw materials collected are processed and sent to further manufacturing. The materials are then used for the production of the vehicle components. The component includes electric motor, transmission, battery, DC/AC, and DC/DC converters, capacitors, the braking system, structural components, wheels, and the base vehicle. Electric powertrain manufactures then assemble to prepare the final product. Europe Electric Powertrain Market Segmentation The Electric Powertrain Market can be split into two major categories based on Vehicle type as Passenger Cars, and Commercial Cars. Motor/Generator, Battery, Battery Management System (BMS), Thermal Management System, DC/AC Converter, DC/DC Converter, Body Control Module, and On-Board Charger are the Components-based segments in the market. Based on the Electric Vehicle type, the market is categorized as Hybrid Electric Vehicle (HEV)/ Plug-In Hybrid Electric Vehicle (PHEV), Battery Electrical Vehicle (BEV), and Mild Hybrid Electrical Vehicles (MHEV). Based on powertrain type, the market can be segmented as BEV Powertrain, MHEV Powertrain, Series Hybrid Powertrain, Parallel Hybrid Powertrain, and Series-Parallel Hybrid Powertrain. Geographically, the major country markets in Europe are Norway, The Netherlands, Germany, UK, and Sweden. Europe Electric Powertrain Market Competitive Landscape of Major Competitors Some key competitors in the Europe electric powertrain market are Bosch, Continental AG, Magna International Inc., Hitachi, DENSO Corporation, AVL, Siemens and Tesla. For any queries or feedback, reach out to the author at Support@kenresearch.com Impact of COVID-19 on Europe Electric Powertrain Market The pandemic of Covid-19 had a positive impact on Europe electric powertrain market in 2020. According to the International Council on Clean Transportation, the European electric vehicle (EV) market experienced remarkable growth in 2020, posting a 143% increase in sales of passenger electric cars from 2019. The sales in 2020 made Europe the biggest EV market globally, surpassing China and the US. Although sales of all new cars in Europe decreased by 20%, the increase in EV sales boosted the EV share to 11%. Both battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) have jumped into the air, not only in terms of market share but also in overall terms. In Germany, sales of PHEV vehicles from January to June increased from 47,584 in 2019 to 93,848 in 2020. Similar trends were observed across other countries in Europe. Key Segments Covered in Europe Electric Powertrain Market:- Europe Electric Powertrain Market By Component Motor/Generator Battery Battery Management System (BMS) Thermal Management System DC/AC Converter DC/DC Converter Body Control Module On-Board Charger Europe Powertrain Market By Electric Vehicle Type Hybrid electric vehicle (HEV) / Plug-In Hybrid Electric Vehicle (PHEV) Battery Electric Vehicle Mild Hybrid Electric Vehicles (MHEVs) Europe Electric Powertrain Market By Powertrain Type BEV Powertrain MHEV Powertrain Series Hybrid Powertrain Parallel Hybrid Powertrain Series-Parallel Hybrid Powertrain Europe Electric Powertrain Market By Vehicle Type Passenger Cars Commercial Vehicles For any queries or feedback, reach out to the author at Support@kenresearch.com Europe Electric Powertrain Market By Geography and Major Countries:- Germany UK France The Netherlands Sweden Key Competitors in Europe Electric Powertrain Market:- Bosch Continental AG Magna International Inc. Hitachi DENSO Corporation AVL Siemens Tesla Time Period Captured in the Report:- Historical Period: 2017-2021 Forecast Period: 2022-2027F Key Target Audience:- Electric Vehicle Manufacturers Battery Manufacturers Vehicle Electronics Manufacturers Electric Vehicle Motor Manufacturers Automobile Technology Research Organizations EV Charging Solution Providers Automobile Manufacturing Industry Associations Automobile Regulatory Organizations Environment Control and Emission Regulatory Organizations Transportation Ministries Electric Vehicle Industry Forums Raw Material Suppliers for Electric Vehicles Components Suppliers for Electric Vehicles Potential Investors in Electric Vehicle Companies For any queries or feedback, reach out to the author at Support@kenresearch.com Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications ankur@kenresearch.com +91-9015378249 Tags: Components Based Electric Powertrain Market, Components of Electric Powertrain Market, Covid-19 Impact Germany Electric Powertrain Industry, Covid-19 Impact Germany Electric Powertrain Market, Covid-19 Impact Netherlands Electric Powertrain Industry, Covid-19 Impact Netherlands Electric Powertrain Market, Covid-19 Impact Sweden Electric Powertrain Industry, Covid-19 Impact Sweden Electric Powertrain Market, Covid-19 Impact UK Electric Powertrain Industry, Covid-19 Impact UK Electric Powertrain Market, Electric Powertrain Based Market in Germany, Electric Powertrain Components Market, Electric Powertrain Components Types, Electric Powertrain DC/DC Converter Market, Electric Powertrain EV Market, Electric Powertrain EV Types Market, Electric Powertrain Industry In Europe, Electric Powertrain Market, Electric Powertrain Market Europe, Electric Powertrain Market In Europe, Electric Powertrain Mild Hybrid Market, Electric Powertrain Transmission Market, Electric Powertrain Types Market, Electric Powertrain Vehicle Market, Electric Powertrain Vehicle Types Market, Electric Vehicle market in Europe, Electric Vehicle Powertrain Market, Europe Electric Powertrain Industry, Europe Electric Powertrain Industry Research Report, Europe Electric Powertrain Market, Europe Electric Powertrain Market Analysis, Europe Electric Powertrain Market Competition, Europe Electric Powertrain Market Forecast, Europe Electric Powertrain Market Growth, Europe Electric Powertrain Market Major Players, Europe Electric Powertrain Market Research Report, Europe Electric Powertrain Market Revenue, Europe Electric Powertrain Market Shares, Europe Electric Powertrain Market Size, Europe Electric Powertrain Market Trends, Europe Electric Vehicle Market, Europe EV Electric Powertrain Market, EV Based Mild Hybrid Electric Vehicle (MHEV) Types, EV Electric Powertrain Market, EV Market in France, EV Types Electric Powertrain Market, France Electric Powertrain Industry, France Electric Powertrain Market, France Electric Vehicle Market, France EV Electric Powertrain Market, France EV Market, Germany Electric Powertrain Based EV Market, Germany Electric Powertrain Industry, Germany Electric Powertrain Market, Industry Research Report of Europe Electric Powertrain, Market Research Report of Europe Electric Powertrain, Mild Hybrid Electric Vehicle (MHEV) Types, Mild Hybrid Electric Vehicle Market, Netherlands Electric Powertrain Industry, Netherlands Electric Powertrain Market, Powertrains Based Electric Powertrain Market, Sweden Electric Powertrain Based EV Market, Sweden Electric Powertrain Industry, Sweden Electric Powertrain Market, Transmission Electric Powertrain Market, UK Electric Powertrain Industry, UK Electric Powertrain Market, Vehicle Types Electric Powertrain Market, Vehicles Based Electric Powertrain Market