Global EV Traction Motor Market 2019-2025

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Global EV Traction Motor Market 2019-2025
The global EV traction motor market is estimated at $2.9 Billion in 2019 and will grow to $7.5 Billion in 2025. <100kW motors accounted for 72% of all traction motors produced in 2019.
  1. As of Dec 2020, the average power output of traction motors (BEVs) was 102hp in China, 190hp in Europe and 220hp in US
  2. Permanent magnet synchronous motor type was the most preferred construction type of traction motors. In China, 98% BEVs sold in 2019 had AC Permanent magnet synchronous type motor
  3. In-sourcing traction motors is the #1 trend in global EV traction motor market. More than 75% traction motors produced globally in 2020 will be manufactured in-house
  4. In PHEV segment, dedicated hybrid transmission and e-axle are predominant
  5. As many more all new BEV platforms get closer to production, we believe the market for 100-200kW will expand from 26% share in 2019 to 35% by 2025.

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  1. COVID has slowed down the market growth in 2020 but the EVs definitely did not lose momentum like global auto production, Post 2021, we expect further growth in electric and electrified vehicles
  2. Europe and China will be the key markets for plugged in vehicles. Europe is the only market where more EVs were sold in 2020 compared to 2019 due to the subsidies offered post COVID
  3. In Europe,almost all OEMs have either launched or are about to launch dedicated BEV platforms with scalable power and battery outputs. Renault`s CMF-EV platform, VW`s MEB, PSA`s eVMP and Mercedes`s MMA are most notable examples
  4. COVID-19 has given a much-needed boost to EV offtake, from governments across the EU. For example, upto 12,000 Euro incentive by France for replacing a Diesel car by BEV could bring down the price of a BEV like Renault ZOE by ~35% i.e., from 32,000 Euros to 20,000 Euros after incentives. The incentives scheme allows registration of 200,000 EVs till 31st Dec 2020
  5. The Chinese market is currently motivated by subsidies and is looking to ease out of the subsidies though it was extended due to COVID-19

 

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COMPANY PROFILES
  1. Siemens AG
  2. Nidec Corporation
  3. Hitachi Automotive Systems, Ltd.
  4. Toshiba Corporation
  5. Tesla Motors, Inc.
  6. Toyota Industries Corporation
  7. LG Electronics
  8. Hyundai Mobis Co.,Ltd
  9. Remy International (BorgWarner Inc)
  10. Zhongshan Broad-ocean Motor Co., Ltd
  11. BYD Co Ltd
  12. Nissan Motors
  13. Mahle Group

 

THIS GLOBAL EV TRACTION MOTOR MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. EV Traction Motor Market size and Forecast , by region, by application
  2. Average B-2-B price for EV Traction Motor Market , by region, per user
  3. Technology trends and related opportunity for new EV Traction Motor Market  suppliers
  4. Market share of leading vendors, by region,
  5. Coronavirus impact on EV Traction Motor Market  earnings

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