Power Split Device Market set to hit $7.1 billion by 2035


Posted June 23, 2025 by Datastring

Industry revenue for Power Split Device is estimated to rise to $7.1 billion by 2035 from $1.2 billion of 2024. The revenue growth of market players is expected to average at 17.5% annually for the period 2024 to 2035.

 
Power Split Device is critical across several key applications including automotive, renewable energy, manufacturing and aerospace. The report unwinds growth & revenue expansion opportunities at Power Split Deviceโ€™s Product Type, Application, Technological Compatibility, Product Efficiency and Price Range including industry revenue forecast.

Industry Leadership and Competitive Landscape

The Power Split Device market is characterized by intense competition, with a number of leading players such as Toyota Motor Corporation, Mitsubishi Electric Corporation, Magna International Inc., NSK Ltd., Honda Motor Co. Ltd., Schaeffler AG, BorgWarner Inc., ZF Friedrichshafen AG, Aisin Seiki Co. Ltd., Dana Incorporated, JTEKT Corporation and Robert Bosch GmbH.
The Power Split Device market is projected to expand substantially, driven by growing demand for energy-efficient systems and increasing adoption of hybrid and electric vehicles. This growth is expected to be further supported by Industry trends like Advancements in Powertrain Technology.

Moreover, the key opportunities, such as the unexplored landscape of electric vehicles, technological innovation and upgradation and strategic collaborations and partnerships, are anticipated to create revenue pockets in major demand hubs including U.S., China, Japan, Germany and South Korea.

Regional Shifts and Evolving Supply Chains

North America and Asia Pacific are the two most active and leading regions in the market. With challenges like high initial investment and technological complexity and maintenance, Power Split Device marketโ€™s supply chain from raw material suppliers / component manufacturers / assembly companies to end users is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including Vietnam, Brazil and South Africa for revenue diversification and TAM expansion.

๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ - ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐š๐ญ๐š๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐œ๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐œ๐จ๐ฆ/๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ-๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ/๐ฉ๐จ๐ฐ๐ž๐ซ-๐ฌ๐ฉ๐ฅ๐ข๐ญ-๐๐ž๐ฏ๐ข๐œ๐ž-๐ฆ๐š๐ซ๐ค๐ž๐ญ-๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก-๐ซ๐ž๐ฉ๐จ๐ซ๐ญ

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž - ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐š๐ญ๐š๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐œ๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐œ๐จ๐ฆ/๐๐จ๐ฐ๐ง๐ฅ๐จ๐š๐๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž/๐ฉ๐จ๐ฐ๐ž๐ซ-๐ฌ๐ฉ๐ฅ๐ข๐ญ-๐๐ž๐ฏ๐ข๐œ๐ž-๐ฆ๐š๐ซ๐ค๐ž๐ญ-๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก-๐ซ๐ž๐ฉ๐จ๐ซ๐ญ

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Last Updated June 23, 2025