Europe Automotive Electric Engine Market was valued at USD 8 Billion in 2022 and is projected to reach USD 18 Billion by 2030, growing at a CAGR of 13% from 2024 to 2030.
The Europe Automotive Electric Engine Market is undergoing rapid transformation, with industries demanding advanced, efficient, and sustainable electric engines for their vehicles. As global concerns about climate change and sustainability grow, automotive manufacturers are pivoting towards electric vehicles (EVs) to meet regulatory standards and consumer demands. In this context, the automotive electric engine market is experiencing significant shifts, with technological advancements playing a crucial role in shaping the future of mobility.
The demand for electric engines in Europe has skyrocketed in recent years. According to recent data, EV sales in Europe are expected to grow at a compound annual growth rate (CAGR) of 30% over the next decade. This surge in demand is driven by the European Union's push for reduced emissions and a greener future. The electric engines are required to not only be energy-efficient but also lightweight and durable to meet the needs of modern vehicles. As industries require electric engines that can deliver high performance, manufacturers are increasingly focusing on enhancing motor power, reducing charging times, and improving overall vehicle range.
Automotive manufacturers are demanding more powerful, longer-lasting, and faster-charging electric engines. This includes the development of high-density battery packs, fast-charging technology, and integrated motor controllers that can seamlessly interact with other vehicle systems. Additionally, as electric vehicles become more mainstream, manufacturers are pushing for reduced production costs without compromising on quality. These evolving needs are shaping the future of the European automotive electric engine market, with a strong emphasis on affordability and scalability.
The requirements from industries also extend to the development of energy-efficient electric propulsion systems. With the growing demand for electric vehicles, automakers are relying on the latest technological advancements to meet market needs. Additionally, advancements in semiconductor technologies and lightweight materials have enabled the production of high-performance electric engines that provide greater energy efficiency. As the market grows, it is crucial to meet industry requirements for compact, high-output engines capable of powering the electric vehicles of tomorrow.
In conclusion, the European automotive electric engine market is evolving rapidly, driven by technological innovations and the growing demand for electric vehicles. Industries are increasingly requiring high-performance, sustainable, and cost-efficient engines to support the transition to electric mobility. The market is expected to continue its upward trajectory as manufacturers and suppliers work together to meet the emerging requirements of this rapidly growing sector.
Get an In-Depth Research Analysis of the Europe Automotive Electric Engine Market Size And Forecast [2025-2032]
Â
ABB
Ametek
Arc Systems
ASMO
Emerson Electric
Faulhaber Group
Siemens
Toshiba
Nidec Motor
Rockwell Automation
Regal Beloit
Johnson Electric
Franklin Electrics
Allied Motion Technologies
General Electric
Danaher Motion
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Europe Automotive Electric Engine Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Europe Automotive Electric Engine Market
Battery Electric Engines
Fuel Cell Electric Engines
Hybrid Electric Engines
Plug-in Hybrid Electric Engines
Passenger Cars
Commercial Vehicles
Two-Wheelers
Light Trucks
Low Voltage Electric Engines (Below 48V)
Medium Voltage Electric Engines (48V - 96V)
High Voltage Electric Engines (Above 96V)
Permanent Magnet Synchronous Motors (PMSM)
Induction Motors
Switched Reluctance Motors (SRM)
Brushless DC Motors (BLDC)
Battery Electric Vehicles (BEVs)
Hybrid Electric Vehicles (HEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Fuel Cell Electric Vehicles (FCEVs)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Automotive Electric Engine Market Research Analysis
1. Introduction of the Europe Automotive Electric Engine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Automotive Electric Engine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Automotive Electric Engine Market, By Type
6. Europe Automotive Electric Engine Market, By Application
7. Europe Automotive Electric Engine Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Automotive Electric Engine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Europe Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/