Automotive Retrofit Electric Vehicle Powertrain Market Report 2023 (Global Edition)

Global Automotive Retrofit Electric Vehicle Powertrain Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Retrofit Electric Vehicle Powertrain Industry growth. Automotive Retrofit Electric Vehicle Powertrain market has been segmented with the help of its Type, Component Electric Vehicle, and others. Automotive Retrofit Electric Vehicle Powertrain market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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Type Segment Analysis of Automotive Retrofit Electric Vehicle Powertrain Market:

New vehicle

The New vehicle segment Revenue in Automotive Retrofit Electric Vehicle Powertrains will be USD 811.65 Million by 2028.

Several new vehicles have been retrofitted with electric drivetrain. Several new vehicles often need to purchase some additional features to further modified the system. The additional feature is included to configure the electric motor which includes a wiring harness, production motors, electric pump, an electric steering kit, an electronic controller that provides real-time feedback, and others.

Used vehicle

In retrofit process new electric drivetrain is integrated into existing drivetrain of the vehicle. Converting old vehicle into electric one gives more power as well as extend the life of vehicle. This allows the vehicle's hybrid mode to be the default driving mode on the automobile. It also remove the need to change gears in traffic because the vehicles can accelerate up to 30kph in a gearless drwwiving way. The method helps to reduce carbon emissions in the city.

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Automotive Retrofit Electric Vehicle Powertrain Market, By Component Segment:

Electric Motor

The Electric Motor segment Revenue will be USD 709.92 Million by 2028.

Electric conversion of vehicles involves the removing of entire internal combustion engine and installs an electric motor in its place. The electric motor transforms electrical energy from the battery pack into mechanical energy, allowing the vehicle to drive in the intended way. Several EVs use motor generators that can perform regeneration.

High Voltage Battery

Currently, new electric vehicles require high voltage to power the motor. Hence, several vehicles are retrofitted with high quality high voltage batteries. These batteries often made with multiple lithium-ion cell and stores the energy to run the vehicle.

Controller

The controller in vehicle is used in automotive, commercial vehicles, motorsports and military vehicle traction applications. Traditionally, a controller is tailored to a certain type of electric vehicle. However, a powertrain controller architecture based on the CAN bus is now being developed to suit the need for various electric vehicles.

On Board Charger

The on-board charger (OBC) is a technology installed into the automobile that allows the high voltage battery to be recharged from the AC grid while the vehicle is parked. Automotive retrofit electric vehicle on-board chargers enable automobiles to convert the AC received through the charge port and manage the amount of power flowing into the battery pack. Currently, trend towards fast charging raises the demand for retrofit electric vehicle on-board chargers.

Others

Several other components such as Dc-AC converter, battery management system, inverter, ISG system, EV control unit, and many other components are retrofitted. The inverter is essential for compliance with environmental regulations for hybrid and electric vehicles.

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Automotive Retrofit Electric Vehicle Powertrain Electric Vehicle Segment Analysis

Battery Electric Vehicle

The Battery Electric Vehicle segment Revenue in Automotive Retrofit Electric Vehicle Powertrains is projected to reach USD 1,303.90 Million in 2028.

Battery electric vehicle is an electrical vehicle that solely based on the batteries and does not include has engine parts. The vehicle is run on the battery pack which can be recharged from the grid. BEVs are zero-emission vehicles since they produce no hazardous exhaust emissions or air pollution threats like typical gasoline-powered vehicles do. These vehicles include motorcycles, bicycles, scooters, skateboards, railcars, watercraft, forklifts, buses, trucks, cars, and others.

Plug-in Hybrid Vehicle

Plug-in hybrid electric vehicles (PHEVs) use batteries to power an electric motor and another fuel, such as gasoline, to power an internal combustion engine (ICE). The batteries of PHEVs can be charged by wall outlet or charging equipment, by the ICE. Some PHEVs employ gearboxes that enable them to run in either parallel or series mode, switching between the two dependents on the driving profile. There are several light-duty PHEVs commercially available in the market.

Hybrid Electric Vehicle

The conventional vehicle is simply upgraded with electric motors in hybrid vehicle design, and drive cycle operation. It has most efficient fuel-burning engine in a short range and emits the least amount of pollution at the most efficient operating point. These vehicles are powered by an internal combustion engine and an electric motor, which uses energy stored in batteries. There are several components used in hybrid electric vehicle which includes DC/DC converter, battery, electric generator, electric  traction motor, fuel tank, exhaust system, internal combustion engine, and many others

• Battery Electric Vehicle
• Plug-in Hybrid Vehicle
• Hybrid Electric Vehicle

Automotive Retrofit Electric Vehicle Powertrain Operation Segment Analysis

Automatic

The Automatic segment Revenue in Automotive Retrofit Electric Vehicle Powertrains is expected to reach USD 933.27 Million in 2028.

Currently there are some automatic electric cars are available in the market. These vehicle does not require clutch owing to its inability to stall like a petrol or diesel vehicle. This raises the demand for automatic transmission in the vehicle that helps to enhance comfort while driving.

Manual

The majority of electric vehicles has different clutch, various gears, and braking system. Manual electric vehicles often use regenerative brakes. These brakes convert the heat produced by brakes back into energy which for battery usage. Currently majority of scooter, cars, and other vehicles are manually operated.

• Automatic
• Manual

Automotive Retrofit Electric Vehicle Powertrain Sales Channel Segment Analysis

OEMs

The OEMs segment Revenue in Automotive Retrofit Electric Vehicle Powertrains is estimated to reach USD 1,465.20 Million in 2028.

An Original Equipment Manufacturer (OEM) is a corporation that makes and sells items or components of products that are used in another company's end product. As electric vehicle is becoming increasingly popular, the original equipment manufacturers (OEMs) face growing pressure to meet the increasing demand. To meet this demand OEMs are currently working on developing automotive retrofit electric vehicle powertrain component that are used in numerous vehicles.

Aftermarket

After sales channel includes the sell of the products that are used in the repairing and replacing of products. The early models of hybrid and electric vehicles needs the enhancement or repairing in components as consumer prefer to kept vehicle for longer period. Hence, several aftermarket services providers provide numerous components such as motor, batteries, inverter, and many other that are used during retrofitting

• OEMs
• Aftermarket

Automotive Retrofit Electric Vehicle Powertrain Vehicle Type Segment Analysis

Passenger Vehicle

The Passenger Vehicle segment Revenue in Automotive Retrofit Electric Vehicle Powertrain is anticipated to reach USD 1,616.95 Million in 2028.

Several passenger vehicles such as Hatchback, Sedan, MPV, SUV, scooters and other can be retrofitted with electric vehicle powertrain. For these vehicles to run for long distance trips is not pocket friendly option. Hence, several players are focusing on developing hybrid-electric (xEV) retrofit solution for passenger vehicles. These ideas are attempted to make economic solutions for urban residents who travel large distances. The automotive retrofit electric vehicle powertrain allows passenger vehicles to replace existing ICE vehicles and make them hybrid-electrics (xEVs) as well as capable of offering full-BEV functionality within city limits.

Commercial vehicle

The commercial vehicle such as light commercial vehicle and heavy commercial vehicle often retrofitted with electric powertrain. It is used in walk-in vans, delivery trucks, shuttle buses, refrigerated trucks and other vocational vehicles. The automotive retrofit electric vehicle powertrain turns commercial vehicles into cleaner, greener, quieter, longer life and more economical operational vehicles. Retrofitted small commercial vehicles are often used in urban freight, store to home delivery, e-commerce delivery, etc.

• Passenger Vehicle
• Commercial vehicle

Automotive Retrofit Electric Vehicle Powertrain Market Regional Analysis

Region and country analysis section of Automotive Retrofit Electric Vehicle Powertrain Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Automotive Retrofit Electric Vehicle Powertrain market.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Automotive Retrofit Electric Vehicle Powertrain Market Industry Company Profile:

eTrio technologies

eTrio technologies is a manufacturer of electric-driven vehicles based in India. The company offers wide range of products including electric LCV, electric bikes, electric cars and electric three wheelers. The company also provides capabilities in transforming existing fuel-powered commercial vehicles into electric vehicles.

Altigreen

Altigreen design, develop, test, certify and manufacture powertrains for full-electric and hybrid-electric vehicles. It manufactures EV powertrains for India and other emerging economies. The Company’s patent portfolio spans over 60 countries with 24 patents granted, including 6 in the US

It provides electric powertrains for use in a range of passenger vehicles including hatchbacks, sedans, MUVs and SUVs. These powertrains can either be fitted along with the existing ICE engine, converting a fossil-fuel vehicle to an Electrical Assist Hybrid, or can be used to drive the vehicle standalone as a Full Electric on battery power.  The company is providing their solutions for two wheelers, three wheelers, passenger cars, light commercial vehicles and farm equipment.

RECENT NEWS

November 2021

EV tech provider Altigreen partnered with SpareIt

Altigreen, a Bangalore-based electric vehicle technology company, has teamed up with SpareIt to utilize garages on the latter's platform as EV servicing centers.

March 2021

Cogos partnered with Altigreen to deploy 1,000 EVs in its fleet

Cogos, an AI-driven intra-city logistics platform, has announced a partnership with Altigreen to deploy 1,000 electric vehicles in its fleet.

Top Companies Market Share in Automotive Retrofit Electric Vehicle Powertrain Industry: (In no particular order of Rank)

• Continental AG
• Trio Automobiles Pvt Ltd
• BHARAT MOBI
• eTrio technologies
• Robert Bosch GmbH
• Rexnamo Electro Pvt Ltd.
• ALTIGREEN
• Delphi Technologies
• Mando Corporation
• Johnson Electric Holdings Ltd
• Mitsubishi Electric
• Magna International Inc.
• Hitachi Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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