Electric Vehicle Motor Market 2018 Key Country Analysis: Global Key Players Continental, Hitachi, Tesla, BYD Auto, Denso, Metric Mind, Mitsubishi, Allied Motion, Bosch, and Siemens Outlook 2023

Electric Vehicle Motor Market 2018 is latest market research report published by “Market Research Future”, which includes comprehensive information on Global Electric Vehicle Motor Market with historic and forecast data on Electric Vehicle Motor Industry Size, Share, Growth, Trends, And Key Company Analysis with Regional Outlook To 2023. Global Electric Vehicle Motor Market growing at CAGR of Over 20% from 2018 to 2023.

Electric Vehicle Motor market is divided by Motor Type (DC Brushed Motors, DC Brushless Motors, Induction (Asynchronous) Motor, Synchronous Motor And Switched Reluctance Motor), By Power Rating (80 Kw) And By Region.

Electric Vehicle Motor Market Key Companies Analyzed In Report 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).  

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Electric vehicle motors are electromechanical devices that provide power for propulsion of electric vehicles by converting electrical energy into mechanical energy. Market Research Future (MRFR) has recently published a report asserting the global electric vehicle motor market is anticipated to expand significantly at an impressive CAGR of over 20% during the forecast period (2017-2023).

Market Drivers and Restraints:

The adoption of electric transportation infrastructure is increasing since last few decades due to the increase in awareness regarding the adverse environmental impact caused due to the petroleum-based transportation infrastructure. The increased usage of electric vehicles over conventional fossil fuel based vehicles is acting as a thrust to the expansion of the global electric vehicle motor market. The strict regulatory framework implemented by the government in various countries regarding the rate of vehicle emission is generating demand for the electric vehicle motor in the global market.

The rise in demand for an improved driving range of electric vehicles is further propelling the growth of the global electric vehicle motor market. The improvement in the technology for manufacturing of electric vehicles is aiding the expansion of the global electric vehicle motor market. The introduction of tax incentives and subsidies for the manufacturers of electric vehicles is resulting in lucrative growth of the global electric vehicle motor market.

The increasing inclination towards eco-friendly solution among the consumers is causing a rapid increase in a number of electric vehicles in various regions of the world, which, in turn, is driving the global electric vehicle motor market. The proliferation of demand for lightweight and energy efficient vehicles with low or zero emission rate is likely to fuel the expansion of the global electric vehicle motor market. However, the high installation cost of electric vehicle motor and high maintenance cost of electric vehicles is likely to hamper the expansion of the global electric vehicle motor market. 

Market Segmentation:

The global electric vehicle motor market has been segmented on the basis of motor type and power rating. Based on motor type, the electric vehicle motor market is segmented into DC brushed motors, DC brushless motors, induction (asynchronous) motor, synchronous motor and switched reluctance motor. The DC brushed motor segment is anticipated to dominate the global electric vehicle motor market owing to the ability of DC brushed motors to achieve high torque at low speed. The brushes are made of various materials such as carbon, copper, carbon graphite and metal graphite.

On the basis of power rating, the global electric vehicle market is segmented into 80 kW. Among these, the >80kW segment is anticipated to dominate the global electronic vehicle motor market during the forecast period due to the use of these type of motors in luxury vehicles by the automotive manufacturers and increase in popularity of luxury electric vehicles among the consumers .

Detailed Regional Analysis:

Based on region, the global electric vehicle motor market has been segmented into four major regions such as North America, Europe, Asia-Pacific and the rest of the world. Among these, the Asia-Pacific region is anticipated to project highest contribution in the electric vehicle motor market owing to the rapid increase in the production of electric vehicles and the presence of multiple players of the global electric vehicle motor market in the countries like Japan and China.

Significant growth of the electric vehicle motor market is observed in the regions of North America and Europe due to the fast adoption of advanced technology and rapid shift towards electric vehicles over petroleum-based vehicles in these regions. The rising demand for electric vehicles is anticipated to fuel the expansion of the electric vehicle motor market in the rest of the world.

Competitive Analysis:

The increasing investment for research and development in order to launch advanced new products in the global market is intensifying the competition among the leading players of the global electric vehicle motor market. On 6th June 2018, Continental AG (Germany) has opened its largest research and development facility in Singapore with more than 500 employees’ capacity. This new facility is one of the three largest research and development facilities of Continental in Asia.

List of Tables:

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

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

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