The Latin America, Middle East and Africa Electric Powertrain Market would witness market growth of 15.6% CAGR during the forecast period (2020-2026). An electric vehicle (EV) is fuelled by an alternative source of power/energy, unlike fossil fuels like diesel and petrol, it is powered by electricity with the help of a battery. The electric vehicle powertrain includes a battery, an electric motor and a transmission that helps generate the power used to drive or move the vehicle. Electrical vehicles driven by electric vehicles (BEV), which is an all-electric vehicle, are operated by 100% electric energy. Powertrains in plug-in hybrid electric vehicles (PHEVs) can be powered from wall-mounted electrical power source, whereas powertrains in hybrid electric vehicles (HEVs) require two or more types of fuel to power these vehicles.
EVs are the cornerstone of the automotive industry, since fossil fuels are predicted to be extinct over the coming decades. Alternative energy is then required to fuel cars, which could be electricity. Several countries have formulated strict policies on alternative fuel cars/EVs. Numerous regulations on pollution have been implemented to reduce CO2 emissions from vehicles. The EV can reduce CO2 emissions and also reduce fossil fuel consumption. The global demand for electric vehicle powertrains has expanded in the last few years. It is projected to accelerate further during the forecast period due to an increase in demand for electric vehicles on the global market. The shortage of infrastructure is a big limitation on the demand for electric powertrains.
Based on Electric Vehicle Type, the market is segmented into BEV and HEV/PHEV. Based on Component, the market is segmented into Battery, Transmission, Converter, Power Electronics Controller, On-board Charger, Motor/Generator and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Electric Powertrain Market in LAMEA is expected to register a CAGR of 15.6% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Mitsubishi Electric Corporation, Magna International, Inc., ZF Friedrichshafen AG, Valeo SA, Nidec Corporation, Continental AG, Hitachi, Ltd., BorgWarner, Inc., and Schaeffler AG.
Market Segmentation:
By Electric Vehicle Type
By Component
By Country
Companies Profiled
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