Press release
Automotive Hub Motor Market: Emergence of Advanced Technologies and Global Industry Analysis
The automotive hub motor is an integrated unit consisting of an electric motor and a gear reduction unit mounted on the wheel hub. A separate transmission system is not required, as the power generation and gear reduction occurs inside the unit. automotive hub motors have a liquid cooling system. Some companies offer automotive hub motors with braking systems. The integration of systems allows the vehicle to have a low flooring and low center of gravity.
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Demand for automotive hub motor technology to power electric vehicles is estimated to rise due to the increase in preference by consumers toward electric vehicles. The automotive hub motor technology is robust, easy to install, and does not require modification to other vehicle systems. With integration of automotive hub motors allows vehicle to be operated as Four Wheel Drive and All Wheel Drive vehicle without using a transfer case. automotive hub motors are widely utilized in electric buses.
The automotive hub motor system is easy to develop, as compared to the electric drive with transmission. automotive hub motor is the preferred technology for buses as absence of an engine and transmission system offers more floor space. Public transport electric buses are introduced in many cities to curb emission. A prominent electric bus manufacturer, BYD, of China uses automotive hub motors in all its buses. Companies such as Volkswagen and Mercedes are conducting research for the integration of automotive hub motors in electric vehicles.
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The usage of automotive hub motors adds to the unsprung weight of the vehicle and thus, limits their adoption in passenger vehicles. Apart from using automotive hub motors, electric vehicles have an option to utilize motors with transmission, which is widely accepted and established technology.
Regional Analysis
Based on geography the market region is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. China is the largest manufacturer of electric buses thus china has potential growth of automotive hub motor market followed by Europe.
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Key Vendors
Key players operating in the global automotive hub motor market include ZIEHL-ABEGG, which developed the permanent synchronous motor with power electronics and water cooling. Schaeffler Technologies AG & Co. KG offering automotive hub motor with brake system, automotive hub motor developed by Protean Electric is designed such that it can use original wheel bearing.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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