Top Companies in Electric Powertrain Market | Top Industry Players Analysis and Study by VMR
Electric vehicles are the automotive market's future; as traditional fuel vehicles are expected to be phased out over the next few years.
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Upcoming Trends in Electric Powertrain Market
The Global Electric Powertrain Market is valued at USD 70.5 Billion in the year 2021 and is expected to reach a value of USD 388.4 Billion by the year 2028. The Global Market is projected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 32.9% over the forecast period. The favorable government incentives for advancing the production of electric vehicles on a massive scale that too at the domestic level are likely to aid in increasing the growth of the global Electric Powertrain Market. Additionally, the growing inclination of consumers toward electric vehicles will boost the Electric Powertrain Market expansion during the forecast period. The stringent government regulations for the adoption of electric vehicles and CO2 emission rates will fuel the Electric Powertrain Market. The sales of Electric Powertrain are anticipated to bolster owing to the growing developments in the in-powertrain components such as battery management systems, lithium-ion batteries, motors, and others.
The surging advancements in Research and Development (R&D) activities and collaborations among automotive companies will stimulate the growth of the global Electric Powertrain Market during the forecast period. Apart from this, the escalating interest of consumers in mild hybrid vehicles is expected to increase the demand for Electric Powertrains in the near future.
Some of the key players operating in the Electric Powertrain Market are listed below:
|
Company Name |
Revenue in USD |
|
$28 Billion |
|
$70 Billion |
|
$16 Billion |
|
$2 Billion |
|
$4 Billion |
|
$3 Billion |
|
$5 Million |
|
$28 Billion |
|
$1 Billion |
|
$2 Billion |
ABB Ltd, formerly ASEA Brown Boveri, is a Swedish–Swiss multinational corporation headquartered in Zürich, Switzerland, operating mainly in robotics, power, heavy electrical equipment, and automation technology areas.
Siemens AG is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad. The company is listed as SIE (ETR) in the stock market. The company is one of the largest manufacturers of electric motors and is headquartered in Munich, Germany. In 2019 the company generated revenue of USD 94.59 billion and has approximately 2,00,000 employees working across the world.
Nidec Corporation is a Japanese manufacturer and distributor of electric motors. Their products are found in hard-disk drives, electric appliances, automobiles, and commercial and manufacturing equipment. The company has the largest global market share for the tiny spindle motors that power hard-disk drives. The company is listed on the Tokyo stock market as 6594 (TYO).
Wolong EMEA is the Sales Headquarters of Wolong electric group, a global Provider of Motor Generators Drives& power drive System Solutions &Services. The company’s products are widely used in home appliances such as air conditioners, washing machines, kitchens,s and gardens in standard and heavy-duty industrial applications such as Oil and Gas, Power Generation, Mining, Marine, Railway, and Electrical Vehicles, and many others.
WEG is a Brazilian company, operating worldwide in the electric engineering, power, and automation technology areas. Headquartered in Jaraguá do Sul, Brazil, the company produces electric motors, generators, transformers, drives, and coatings. The company is listed as WEGE3 (BVMF) on the stock market.
Johnson Electric is a provider of motors, actuators, motion subsystems, and related electro-mechanical components for automotive, industrial, and medical applications. Johnson Electric has manufacturing facilities in 18 countries. The company is listed Hong Kong stock market as 0179 (HKG).
Regal Rexnord Corporation usually referred to as just Regal Rexnord, is a manufacturer of electric motors headquartered in Beloit, Wisconsin. The company has manufacturing, sales, and service facilities throughout the United States, Canada, Mexico, Europe, and Asia, with about 29,000 employees.
Toshiba Corporation is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Its diversified products and services include power, industrial and social infrastructure systems, elevators, and others.
TECO Electric & Machinery Co., Ltd. is a Taiwanese company established on June 12, 1956. The company began as an industrial motor manufacturer. The company has expanded service offerings into a conglomerate with worldwide business operations. The company is listed on the Taipei stock market as 1504 (TPE).
The company has approximately 17,000 employees and 11 billion dollars in annual sales. Hyosung has a harmonized combination of 7 Performance Groups and 24 Performance Units.
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Vantage Market Research Report comes up with a detailed analysis of each major player in the industry. The Study provides Global market size & share, Emerging trends, an in-depth analysis of key players, Development opportunities, Sales, and a Revenue Forecast.
