E-Axle Market – Industry Analysis, Trends, Size, Share and Research Report 2022-2029

The e-axle market growth globally at a rate of 24.20% in the forecast period of 2022 to 2029.
E-Axle refers to an electro-mechanical propulsion system that is generally equipped with electric motor, transmission units, axle structures and power electronics. This device is known to acts as a cost-attractive and compact solution for battery-electric vehicles and hybrid applications. The system is utilized in conjunction with a conventional ICE or hybrid powertrain.
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