EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Sunday, March 26, 2023
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

EDITIONS:

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm asncommerce mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

Hybridization and Electric Vehicle Segments to Boost Global Powertrain Industry, Finds Frost & Sullivan

by
August 19, 2021
in PR Newswire
Share on FacebookShare on WhatsApp

Internal combustion engines face more competition from electrified powertrains following stricter emission norms

SANTA CLARA, Calif., Aug. 19, 2021 /PRNewswire/ — Frost & Sullivan’s recent analysis on the global powertrain industry finds that electric vehicles are gaining in popularity against the dominant internal combustion engines (ICE) segment. As governments push for a carbon-neutral economy, lowering emissions will be key, with powertrain electrification playing a vital role. Light vehicle (LV) sales worldwide are estimated to reach 80.2 million units in 2021 from 74.6 million units in 2020, growing at 7.5%. Mild hybridization will continue to be the fastest-growing trend in the short to medium term, ahead of battery electric vehicles (BEVs), fuel cell electric vehicles (FCEVs), and plug-in hybrid electric vehicles (PHEVs).

Hybridization and Electric Vehicle Segments to Boost Global Powertrain Industry, Finds Frost & Sullivan
Hybridization and Electric Vehicle Segments to Boost Global Powertrain Industry, Finds Frost & Sullivan

For further information on this analysis, Global Powertrain Outlook 2021, please visit: http://frost.ly/66d

"Conventional ICE-powered vehicles face intense competition from powertrain electrification, resulting in lower cost and increased range. Further, with the declining trend of ICE-powered vehicles sales, EVs (BEVs and PHEVs) and even full hybrid electric vehicles (FHEVs) are likely to grow at an impressive rate," said Bharath Kumar Srinivasan, Senior Industry Analyst, Mobility at Frost & Sullivan. "From an opportunity perspective, with the continued demand for lowering emissions and fuel consumption, original equipment manufacturers (OEMs) should offer direct injection and boosting technologies based on regional preferences, cost, and performance."

Srinivasan added: The global push toward a carbon-neutral economy is leading to ever-stringent regulations, which are impacting regions, with some already committing to the ICE ban while others are still working toward specific commitments. The introduction of the Worldwide Harmonized Light Vehicle Test Procedure (WLTP) across key global markets will also help standardize fuel economy calculations and emissions.

Key regional insights include:

  • North America: With the new government supporting stricter emissions norms and reinstating California’s capacity to set its own emission standards, downsizing and boosting technologies will find increased adoption, along with 48V mHEVs, to improve emissions and fuel economy.
  • Europe: Diesel vehicle sales will continue to decline, while mild hybrids will witness high growth rates. Extended lockdowns across Europe in 2021 and slower economic growth will slow European automotive sales recovery in 2021, with the 16 million unit sales of 2019 getting breached only in 2022.
  • ASEAN: Continuing its position as a manufacturing hub, ASEAN is focusing on emission cuts through blended fuels, with vehicle electrification playing a supporting role in mild hybridization in the form of 12V systems.
  • China: While EVs will continue to grow, government support for hybrid vehicles will result in increased adoption of vehicle hybridization by the OEMs in 2021, with the share of conventional ICE vehicles continuing to shrink.
  • India:  Demand for diesel powertrains in India will increase with expected launches from India’s key OEM Maruti Suzuki, while the more stringent CAFÉ regulations in 2022 will increase powertrain electrification.

Global Powertrain Outlook 2021 is the latest addition to Frost & Sullivan’s Mobility research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion

Global Powertrain Outlook 2021

MG04

Contact:

Melissa Tan
Corporate Communications
T: +65 6890 0926
E: [email protected]

http://www.frost.com

 

Related Links :

Home

ShareSendShareSendTweetShare
Previous Post

Cloopen Group Holding Limited (NYSE: RAAS) Announces Financial Results for Second Quarter 2021

Next Post

The Rise of Digital Transformation Due to the Pandemic in Key Asian Markets

Related Posts

News

ICECO Announces the Launch of APL55 – A Next Generation of Portable Fridge

26 Mar 2023
News

GOLDWIN / Spiber 2023 FW Collection, Made with Brewed Protein™️ Fiber, The First Mass Production of its Kind Now Realized Global Sales to Begin This Fall

24 Mar 2023
News

IBC Demonstrates Highly Selective, High Yield (99+%) Direct Lithium Extraction from Brine at Salar de Maricunga, Chile using Direct Lithium to Product™ (DLP™) Process

24 Mar 2023

Discussion about this post

MOST POPULAR

  • online food delivery

    Online food delivery market to see robust growth over next 4 years

    0 shares
    Share 0 Tweet 0
  • Top 10 Financial Tips For Starting A Family

    0 shares
    Share 0 Tweet 0
  • Frost & Sullivan Reveals Top Internet of Things Platforms Poised for Growth

    0 shares
    Share 0 Tweet 0
  • 10 Ways to Curb Overspending

    1 shares
    Share 0 Tweet 0
  • Custommedia capitalises on IBM’s ELM platform to offer ‘best of breed’ application lifecycle management value proposition

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER