5 Key Insights on US$160 Billion Opportunity in Europe Electric Powertrain Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now 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 Driven by Incentivizing Government Policies, Rising Concerns over Environment, and Surging Fuel Prices the Electric Powertrain Market in Europe is forecasted to cross US$160 Bn by 2027 says Ken Research Study. Electric Powertrain forms the structural core of an Electric Vehicle. In the European Union countries, the thrust towards a shift from traditional ICE vehicles to Electric Vehicles is very high and enjoys the direct sponsorship of national governments in the form of subsidies, thereby driving the Electric Powertrain market. Moreover, the reduced price of EV batteries is also expected to boost the market. However, the region requires a more robust charging station infrastructure that will be uniformly distributed throughout the region. 1. Electric Vehicles Share in Europe’s New Car Registrations Has Seen Phenomenal Growth of almost 10 times between 2017 and 2021 Analysis of the available new car registration numbers in the EU shows a significant shift towards EVs from ICEs. In 2017, more than 11.9 million new ICE cars were registered in the EU market. In comparison, the number of new Electric Vehicles registered was significantly low at about 0.53 million including HEVs, BEVs, and PHEVs. However, by 2021 the number of new ICE cars registered came down to around 6.1 million while the number of new Electric Vehicles registered went up to more than 3.7 million. This translated into a jump in the share of Electric Vehicles within total new car registrations from just ~4% in 2017 to ~38% in 2021. 2. Concerted Efforts by the European Union to Reduce Net Greenhouse Gas Emissions by ~ 50% between 2000 and 2030 have resulted in an Exponential Surge in EV Sales and the Demand for Electric Powertrains The European Union wants to ensure that there is no net emission of Greenhouse gases by 2050. The European Green Deal is at the center of this mission, which has gained further traction since the COVID-19 pandemic broke out. The Green Deal has been earmarked with an allocation of one-third of the 1.8 trillion Euro investments from the NextGenerationEU Recovery Plan. Moreover, it will also be financed by a separate EU budget, spanning over seven years. The short-term mission of the EU in achieving its goal is to bring down net greenhouse gas emissions by almost 50% by 2030, compared to 2000 levels. Request for Sample Report@ https://bit.ly/3f5BlKv 3. Lack of Uniform Distribution of Charging Station Infrastructure across the European Union, 70% share concentrated in just 3 countries, May Restrict the Growth of the Electric Powertrain Market One of the key challenges for the Electric Powertrain industry found in the research study is that the Electric Vehicle charging infrastructure within the region is still heavily concentrated within a select few countries. Unless other countries ramp up their charging infrastructure, there may be a stagnation in EV sales and the demand for Electric Powertrains. As of Mid-2021, nearly 70% of all charging stations within Europe were concentrated in just three countries – the Netherlands (66,665), France (45,751), and Germany (44,538). 4. The Electric Powertrain Cost is expected to Witness a Major Drop by 2030 from 2020 Levels, Owing to Declining Component Prices, Especially That of Batteries by ~ 46% and others by ~ 10% A major factor favouring the growth of Electric Powertrain demand in Europe as found in the analysis of available number is the significant drop in the cost to build an Electric Vehicle, owing to a major decline in the most significant component of the set-up, the battery. Between 2020 and 2030, the cost of batteries in a European compact-class BEV is projected to come down by ~ 46% from around 8,000 Euros to 4,300 Euros. 5. European Countries Offer Significantly High Subsidies on EV Purchase When Compared with Other Major EV Promoting Countries like China Subsidies provided by the EU countries for BEV purchase were already substantially high. As per the insights found from International Energy Association statistics, as of 2020 major European countries like Germany and France reportedly offer more than double the subsidies offered by China which are leading EV production as well as aggressively promoting their adoption within the domestic market. Further, over and above the amount mentioned below, these countries decided to offer additional subsidies in 2020. 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 Electric Powertrain Market by EV Type HEV PHEV BEV Europe Electric Powertrain Market by Powertrain Type BEV Powertrain Series Hybrid Powertrain Parallel Hybrid Powertrain Series-Parallel Hybrid Powertrain Europe Electric Powertrain Market by Vehicle Type Passenger Cars Commercial Vehicles Europe Electric Powertrain Market by Geography Germany France United Kingdom Netherlands Sweden Rest of Europe (Belgium, Italy, Denmark, Norway, Finland, Portugal, Spain, Austria, Romania and Others) Request for Sample Report@ https://bit.ly/3f5BlKv Key Topics Covered in the Report: – Snapshot of Europe Electric Powertrain Market Industry Value Chain and Ecosystem Analysis Market size and Segmentation of the Europe Electric Powertrain Market Historic Growth of Overall Europe Electric Powertrain Market and Segments Competition Scenario of the Market and Key Developments of Competitors Porter’s 5 Forces Analysis of Europe Electric Powertrain Industry Overview, Product Offerings, and SWOT Analysis of Key Competitors Covid 19 Impact on the Overall Europe Electric Powertrain Market Future Market Forecast and Growth Rates of the Total Europe Electric Powertrain Market and by Segments Market Size of Application / End User Segments with Historical CAGR and Future Forecasts Analysis of Electric Powertrain Market in Major European Countries Major Production / Consumption Hubs in the Major European Countries Major Production/Supply and Consumption/Demand Hubs in Each Major Country Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments Overview of Notable Emerging Competitor Companies within Each Major Country Companies Mentioned in the Report: – Major Competitors in Electric Powertrain Mentioned in the Report Bosch Magna Denso BorgWarner AISIN MAHLE Continental AG Dana Cummins ZF Mitsubishi Eaton Tesla Siemens AVL Hitachi Astemo, Ltd. Infineon Technologies AG Hanon Systems Notable Emerging Companies Mentioned in the Report BWS e-Mobility Vitesco Technology Voltabox AG EV Europe Smesh-E-Axle Energy Storage Solutions Advanced Electric Machines Faradion Britishvolt Northvolt AB Einride Voltatrucks Raydiall Automotive Verkor Nawa Technologies Time Period Captured in the Report Historical Period: 2017-2021 Forecast Period: 2022-2027F Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report Electric Powertrain Manufacturer Companies Electric Powertrain Distributors Electric Powertrain Component Suppliers Potential Investors in Electric Powertrain Companies Electric Mobility Association Electric Vehicle Charging Sector Organizations Automobile Companies Battery Equipment Companies Automotive Research & Development Institutes Government Departments of Transportation Ministries of Clean Energy Ministries of Automotive Industry Environment Control and Emission Regulatory Organizations Consulting Companies in the electric mobility sector BEV and Hybrid Powertrain Manufacturers Transportation Industry Regulatory Organizations Renewable Energy Research Organizations Electric Vehicle Industry Investment Funds/Banks For More Information on the Research Report, refer to below links: – Europe Electric Powertrain Market Analysis Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Battery Equipment Companies in Europe, Bosch Electric Powertrain Market Revenue, Competition in Europe Electric Powertrain Market, Competitor analysis Europe Electric Powertrain Market, Consulting Companies in the electric mobility sector, demand for electric vehicles in Europe, Electric Mobility Business in Europe, Electric Powertrain Component Suppliers in in Europe, Electric Powertrain demand in the EU market, Electric Powertrain Distributors in Europe, Electric Vehicle Motor/Generator Market Europe, electric vehicle powertrain Market Europe, Emerging Companies in Europe Electric Powertrain Market, Emerging Competitor Companies in EV Powertrain Market, energy-efficient powertrain Market Europe, EU Electric Powertrain Market, Europe Battery Electric Vehicle Market, Europe BEV Powertrain Market, Europe clean-energy vehicles Market, Europe Electric Car Market, Europe Electric Powertrain Aftermarket, Europe Electric Powertrain Component, Europe Electric Powertrain Industry, Europe Electric Powertrain Market, Europe Electric Powertrain Market End Users, Europe Electric Powertrain Market Key Players, Europe Electric Powertrain Market Major Players, Europe Electric Powertrain Products, Europe Electric Powertrain Sales, Europe Electric Powertrain Sector, Europe Electric Powertrain Sector Companies, Europe Electric Vehicle Battery Market, Europe Electric Vehicle DC/AC Converter Market, Europe Electric Vehicle DC/DC Converter Market, Europe Electric Vehicle Market, Europe Electrified Powertrain Technology, Europe EV Battery Management System (BMS) Market, Europe EV Body Control Module Market, Europe EV Commercial Vehicles Market, Europe EV On-Board Charger Market, Europe EV Passenger Cars Market, Europe EV Powertrain Services Market, Europe EV Thermal Management System Market, Europe Hybrid Electric Vehicle Market, Europe Parallel Hybrid Powertrain Market, Europe Plug-In Hybrid Electric Vehicle Market, Europe Series Hybrid Powertrain Market, Europe Series-Parallel Hybrid Powertrain Market, european Electric Powertrain Market, EV component manufacturers in Europe, EV powertrain market in Europe, France Electric Powertrain Market, Germany Electric Powertrain Market, global automobile leaders in EU Electric Powertrain Market, Hitachi Astemo Electric Powertrain Market Revenue, hybrid electric Vehicle in Europe, Hybrid Powertrain Manufacturers in Europe, Investment Banks in Electric Vehicle Industry, Key Competitors in Electric Powertrain Europe, Market Scope Electric Powertrain in Europe, Mitsubishi Electric Powertrain Market Share, Netherlands Electric Powertrain Market, number of electric passenger cars on European roads, Number of EV sold by Tesla, Potential Investors in Electric Powertrain Companies, rechargeable batteries share Europe EV Powertrain Market, Rise in sales of electric vehicles in Europe, Siemens Market share in Electric Powertrain, Startups in Europe Electric Powertrain Market, Sweden Electric Powertrain Market, United Kingdom Electric Powertrain Market