Global Powertrain Market Outlook 2021 - Powertrain Electrification Offers Future Growth Potential through mHEVs, PHEVs, and BEVs, While Diesel Powertrains are Fast Fading From Technology Strategies

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Aug 04, 2021, 14:45 ET

DUBLIN, Aug. 4, 2021 /PRNewswire/ -- The "Global Powertrain Outlook 2021" report has been added to ResearchAndMarkets.com's offering.

The global powertrain industry continues to be dominated by internal combustion engines (ICE), specifically, gasoline engines, while diesel engine's share has been falling since the dieselgate scandal. While the share of IC engines operating on alternate fuels has remained constant, vehicle electrification is on the rise.

Irrespective of the type of powertrain, the primary focus is on driving down emissions and improving fuel economy. To this effect, each region has different priorities and methods on lowering emissions, with engine downsizing, alternate fuels, mild hybrids, full hybrids, Plug-in Hybrid Electric Vehicles (PHEVs), and battery Electric Vehicles (BEVs), all finding suitors across the globe and a recent addition to the list being Fuel Cell Electric Vehicles (FCEV).

Even in powertrain electrification, the fastest growing trend in the last 5 years is that of mild hybridization, using 48V, 24V, and 12V, which plays a supporting role to conventional ICE. This will continue to be the fastest-growing trend in the short-to-medium term, ahead of electric vehicles (BEVs, FCEVs, and PHEV).

Increasing electrification, however, is not limited to propulsion and is often applied to optimize powertrain subsystems. Engine downsizing, for example, is a key area that directly brings down fuel consumption and emissions, and even here, electrification is making a mark with electrified turbocharger for instant response and increased energy recovery.

In a bid to reduce the dependency on fossil fuels and increase the use of renewable energy, the challenge is often the variable supply of renewable energy and its storage. While battery electric vehicles offer a solution for storing excess energy from the grid and supplying it back when required, the use of synthetic fuels offers another method of renewable-energy storage. This form of energy storage enables the use of existing production, storage, and distribution methods while ensuring carbon-neutral mobility.

All the above ensure that despite the high media and public interest in powertrain electrification, ICE will continue as the leading prime mover for at least a couple of decades.

Key Topics Covered:

1. Growth Environment

Key Highlights of the Global Automotive Powertrain Industry, 2020
Global LV Sales by Region in 2020 and 2021 - Snapshot
Global Powertrain Mix - Sales Snapshot
Western Europe - IC Engines Trend: Continued YoY Reduction
US - Growth of SUVs, Trucks, and Large Vehicles
China - Sales Forecast by Powertrain
ICE Outlook - Transition to Zero Emission Zones
Regional Strategy for Testing Procedures
Technology Outlook - Pre-chamber Combustion
Electric Boosting - eCompressor, eTurbo
Challenges Faced by the Global Powertrain Industry Due to COVID-19
The 2020 Global Automotive Powertrain Market - Actuals Versus Forecast
Global Powertrain Industry Historic Sales
Key Predictions for 2021

2. 2021 Global Economic Outlook

COVID-19 Impact on World GDP Growth
Global Growth Scenario Analysis - Assumptions
World GDP Growth Under Differing Scenarios
COVID-19 Impact on Key Regions

3. The Strategic Imperative

Why Is It Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top Three Strategic Imperatives on Powertrain Industry
Growth Opportunities Fuel the Growth Pipeline Engine

4. Growth Environment and Scope - Global Automotive Powertrain Industry

Research Scope
Vehicle Segmentation
Market Segmentation

5. Europe - Powertrain Outlook

Europe - Change in New Vehicle Registrations, 2020
Europe - Sales by Powertrain, 2020
Europe Top 5 Countries - Passenger Cars Powertrain Trend
Western Europe - IC Engines Trend: Continued YoY Reduction
Western Europe - Gasoline Trend: Passenger Cars
Western Europe - Diesel Trend: Passenger Cars
Mild Hybrid Vehicles - Sales Surge to Continue in 2021
Full Hybrid Vehicles - Limited Growth Opportunity
EVs - Rapid Growth in 2020 to Meet CO2 Emission Targets
Europe - Powertrain Highlights Summary

6. US - Powertrain Outlook

Change in New Passenger Car Registrations, 2020
Growth of SUVs, Trucks, and Large Vehicles
Continued Increase in the Demand for Pickup Trucks
Gasoline's Dominance to Continue
SUV and Commercial Van Diesel Segment Trending in 2020
Mild Hybrid Vehicles to Continue to Grow
Full Hybrid Vehicles - Third-largest FHEV Market to Continue to Grow
EVs - BEVs Outselling PHEVs by 3.5 times
Powertrain Summary

7. China - Powertrain Outlook

Sales Forecast by Powertrain
Sales Breakdown by Powertrain and Models
Technology Development Roadmap
Emission Standards Outlook
Mild Hybrid Vehicles - mHEV Sales to Continue to Increase in 2021
Full Hybrid Vehicles - New 2021 Regulations Ensure Chinese OEMs Offer Hybrids
EVs - Launch of Affordable EVs to Continue to Drive Sales

8. South Korea - Powertrain Outlook

Change in New Passenger Car Registrations, 2020
Sales by Powertrain
Mild Hybrid Vehicles - Short-term Growth Dependent on European OEMs
Full Hybrid Vehicles - Continue to Grow for the 7th Year in a Row
EVs - Market Driven by Government Tax Benefits for Sales Promotion
Powertrain Summary and Trends Impacting Powertrains

9. Japan - Powertrain Outlook

Change in New Passenger Car Registrations, 2020
Powertrain Summary and Trends Impacting Powertrains
Mild Hybrid Vehicles - Niche Market Accounting for Less Than 0.5%
Full Hybrid Vehicles - 23.3% Market Share With a Recovery in Q4
EVs - Market Decline for the 3rd Straight Year
Legislation Summary

10. India - Powertrain Outlook

Change in New Passenger Car Registrations, 2020
OEM Sales Performance and Market Share
Sales by Powertrain
Gasoline-Diesel Equation by OEM
Segment-wise Sales and Share
Mild Hybrid Vehicles - 12V Systems to Grow
Full Hybrid Vehicles - Continue to be a Scarce Commodity
EVs - Regulations and Policies to Promote EVs Having a Positive Impact
CAFE Regulations - 2022 Target to Promote Powertrain Electrification
Automotive Market Summary

11. ASEAN Countries - Powertrain Outlook Indonesia, Malaysia, and Thailand

Indonesia - Change in New Passenger Car Registrations, 2020
Indonesia - 2020 Vehicle Sales by Segment
Thailand - Change in New Passenger Car Registrations, 2020
Malaysia - Change in New Passenger Car Registrations, 2020
ASEAN - Powertrain Summary
Mild Hybrid Vehicles - Growth From Low-cost, Low-voltage mHEV Systems
Full Hybrid Vehicles - Niche Applications Account for 0.2%
EVs - Tax Benefits to Promote EV Sales in Thailand

12. Powertrain Technology Outlook

Technology Roadmap: Powertrain Development Trends
Fuel Economy Improvement: Focus Areas

13. Regional Strategy for Testing Procedures

Global Passenger Car Technology Adoption Indices - Summary
Technology Outlook - Pre-chamber Combustion
Technology Outlook - SCR Twin Dosing
Electric Boosting - eCompressor, eTurbo
OEM Transmission Alignment
Vehicle Segment Alignment Analysis - Transmission Technologies
Current and Future Preferences in Cathode Chemistries
Case Study - General Motors: Chevy Volt (Glycol Liquid cooled BTMS)
Case Study - BMW i3 Battery Design

14. Regional Predictions 2021

15. Growth Opportunity Universe - Global Powertrain Market

Growth Opportunity 1: OEM-Supplier Partnerships for Improving Fuel Economy and Reducing Emissions, 2021
Growth Opportunity 2: Electrification for Improving Fuel Economy and Reducing Emissions, 2021
Growth Opportunity 3: Engine Boosting and Downsizing for Improving Fuel Economy and Reducing Emissions, 2021

16. Key Conclusions

Companies Mentioned