In an electric vehicle drive system, an electric motor for electric vehicle converts the stored electrical energy in a battery to mechanical energy. Today, electric mobility on the back of technological improvements are expanding lucrative opportunities for the companies involved in the manufacturing of electric motors for electric vehicles. Electric motors for electric vehicles should have important attributes like simple design, high specific power, low maintenance cost, and robust control.
Importantly, government policies will continue to be the linchpin for electric motors for electric vehicle market over the promising years of the forecast. The rapid domination of electric buses across the world, predominantly in China will spur the sales of electric motors for electric vehicles. Further, in the coming years, fall in the sales of conventional cars owing to long-term advantages associated with electric cars to impact the global electric motors for electric vehicles market substantially.
To Get In-depth Insights Request for Sample here –
https://www.factmr.com/connectus/sample?flag=S&rep_id=2109
Global Electric Motors for Electric Vehicle Market: Key Participants
List of some of the prominent market participants in the global electric motors for electric vehicle market discerned across the value chain include:
- ABB Group
- Siemens AG
- Toshiba Corporation
- WEG Industries
- Nidec Corporation
- Denso
- Continental AG
- Magna International
- TM4 Inc.
- Hitachi Automotive Systems
Global Electric Motors for Electric Vehicle Market: Segments
The global electric motors for electric vehicles market can be segmented on the basis of vehicle type and region
On the basis of vehicle type, the global electric motors for electric vehicles market can be segmented as:
- Passenger Cars
- Luxury Cars
- Compact Cars
- Mid-Size
- SUV (Sports Utility Vehicle)
- Buses
Motor Type:
- AC Motor
- DC Motor
Vehicle Type:
- Hybrid Electric Vehicle (HEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Pure Electric Vehicle (PEV)
Request Customized Report as Per Your Requirements –
https://www.factmr.com/connectus/sample?flag=RC&rep_id=2109
Global Electric Motors for Electric Vehicle Market: Dynamics
Moreover, efforts by regional governments around the world to curb noxious emissions produced by fossil fuel-powered vehicles is driving the global electric motors for the electric vehicle market. However, with a forecast volume of electric vehicles on road by 2025, insufficient charging infrastructure for electric vehicles to impact the demand for electric motors for electric vehicles. Some of the major OEMs are investing heavily in electric vehicles which will induce ballooning in the global electric motors for electric vehicles market.
Key problems linked with electric motors for electric vehicles include the cost of the fuel cell, feasibility to produce fuel, and availability of fueling stations. Prevalence of conventional vehicles coupled with the high price of electric vehicles across Asia, Latin America, and the Middle East is foreseen to slow down the adoption of electric vehicles in the market; thereby, hampering the global electric motors for electric vehicles market.
Apart from this, most of the OEMs utilize permanent magnet motors that rely on the metal due to the fact that they are usually stronger, lighter, and more efficient than induction electric motors for electric vehicles. To remain competitive in the global electric motors for electric vehicles market, manufacturers of electric motors for electric vehicles aim to decrease electric motors cost, volume, and weight while increasing performance, efficiency, and maintaining reliability.
Global Electric Motors for Electric Vehicle Market: Regional Outlook
Policies in Europe and China will enhance the adoption of EVs and subsequently, augmenting the hefty growth in the global electric motors for electric vehicles market. Also, the electrification of the transport system in Europe and North America is set to accelerate after 2020, with electric buses leading the way. The sales of electric mirrors for electric vehicles will surge against the backdrop of tumbling battery costs and increasing scale in manufacturing. In Western Europe, the U.K. and Germany are expected to spearhead the electric motors for electric vehicles market on the back of anticipated high sales of electric buses in the region.
Moreover, investments in ASEAN countries to increase the fleet of electric buses and surge in the adoption of electric cars will likely to aid the growth in the global electric motors for electric vehicles market. In the foreseeable future, promising growth is foreseen across the world, with the U.S., China, and Europe being the key regions in the electric motors for electric vehicles market.
Enquire Before Buying Here –
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
Request ToC
https://www.factmr.com/connectus/sample?flag=T&rep_id=2109
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com