Electric Vehicle Motor Market Analysis 2018 Research Report: Global Forecast 2023, is latest depth analysis report on Electric Vehicle Motor Industry. Global Electric Vehicle Motor Market is growing at 20% CAGR during the period 2018 to 2023. The increase in sales of electric vehicles is expected to lead to an increase in demand of technologically advanced electric motor for cars. This is expected to intensify the level of competition among electric vehicle motor manufacturers.
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Key Companies in the Electric Vehicle Motor Market Analyzed are –
Continental AG (Germany), Hitachi Automotive Systems, Ltd. (Japan), Tesla, Inc. (U.S.), BYD Auto Co., Ltd. (China), Denso Corporation (Japan), Metric Mind Corporation (U.S.), Mitsubishi Electric Corporation (Japan), Allied Motion Technologies Inc. (U.S.), Robert Bosch GmbH (Germany) and Siemens AG (Germany).
The major factor driving the growth of the electric vehicle motor is the increase in demand for improving the driving range of electric vehicles, which is in turn has a positive impact on the growth of the market over the forecast period. The range of the electric vehicle is majorly dependent on the electric powertrain control systems. Another major driver for the growth of the market is the introduction of stringent government regulations. Globally, many countries have implemented stringent emission norms for lowering GHG emissions for reducing the causes of global warming. Therefore, it mandates the automotive manufactures to develop zero emission vehicles for meeting the more stringent emission standards. These regulations have led to an increased focus on production of more efficient electric vehicles, thereby driving the market growth during the forecast period. The other factors driving the growth of the market are introduction of tax incentives, and subsidies for EV manufacturers and end-users.
Market Segmentation:
Based on motor type, the global electric vehicle motor market has been segmented as DC brushed motors, DC brushless motors, induction (asynchronous) motor, synchronous motor and switched reluctance motor. Amongst these, induction (asynchronous) motor segment is expected to hold the largest market share and grow significantly over the forecast period. Three phase induction motor is widely used in electric vehicles, owing to features such as high efficiency, good speed regulation and absence of commutators. The three phase AC supply is connected to stator winding, due to which revolving magnetic field is established. This magnetic field interacts with stationary rotor conductors, and induced current flows through rotor conductors. Induced current establishes a magnetic field, which gives rise to unidirectional torque.
All electric motors are designed to operate at maximum efficiency at rated output of a motor. When an electric motor is used in electric vehicle, the motor will be operated at different loads. For this reason, motors of varied power ratings are being employed such as <40 kW, 40 kW-80 kW and >80 kW. Amongst these, the 40 kW-80 kW segment is expected to dominate the growth of the global electric motor market over the forecast period.
Regional Analysis:
Geographically, the global electric vehicle motor market has been divided into four major regions of North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region is expected to contribute the highest to the electric car motor market. The rapid increase in production and sales of electric vehicles in countries such as Japan and China and the presence of original equipment manufacturers, will boost the growth of the Asia Pacific market.
Scope of the Report:
This study provides an overview of the global electric vehicle motor market, tracking three market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global electric vehicle motor market by motor type, power rating and regions.
The report for Global Electric Vehicle Motor Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Content:
TABLE 1 GLOBAL ELECTRIC VEHICLE MOTOR MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA ELECTRIC VEHICLE MOTOR MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE ELECTRIC VEHICLE MOTOR MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC ELECTRIC VEHICLE MOTOR MARKET: BY COUNTRY, 2017-2023
TABLE 5 ROW ELECTRIC VEHICLE MOTOR MARKET: BY COUNTRY, 2017-2023
TABLE 6 GLOBAL ELECTRIC VEHICLE MOTOR MARKET, BY MOTOR TYPE, BY REGIONS, 2017-2023
TABLE 7 NORTH AMERICA ELECTRIC VEHICLE MOTOR MARKET, BY MOTOR TYPE, BY COUNTRY, 2017-2023
TABLE 8 EUROPE ELECTRIC VEHICLE MOTOR MARKET, BY MOTOR TYPE, BY COUNTRY, 2017-2023
TABLE 9 ASIA PACIFIC ELECTRIC VEHICLE MOTOR MARKET BY MOTOR TYPE, BY COUNTRY, 2017-2023
TABLE 10 ROW ELECTRIC VEHICLE MOTOR MARKET BY MOTOR TYPE, BY COUNTRY, 2017-2023
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL ELECTRIC VEHICLE MOTOR MARKET SHARE, BY MOTOR TYPE, 2016 (%)
FIGURE 9 GLOBAL ELECTRIC VEHICLE MOTOR MARKET, BY TECHNOLOGY MOTOR TYPE, 2015-2023 (USD MILLION)
FIGURE 10 GLOBAL ELECTRIC VEHICLE MOTOR MARKET SHARE (%), BY REGION, 2016
Continued…
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