Electric Vehicle Motor Market Leading Players, Share, Size 2018: Global Companies Siemens AG, Allied Motion Technologies, Metric Mind, Hitachi, Robert Bosch, BYD Auto, Continental, Mitsubishi Electric Corporation, Tesla, and Denso Corporation

Electric Vehicle Motor Market Size, Growth, and Share Analysis 2018 to 2023 Report, is latest market research report on Global Electric Vehicle Motor Industry, which provides comprehensive information on Electric Vehicle Motor market opportunities for stakeholders and provide details of the competitive landscape for market leaders, revenue forecast with respect to four main regions, namely, North America (US, Canada), Europe (Asia Pacific (Japan, China, India, APAC), and the Rest of the World. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Electric Vehicle Motor industry is to grow with a CAGR of 20% by 2023. Global Electric Vehicle Motor Market 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.

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Electric Vehicle Motor Key Company Review:

Market competition by top manufacturers/players, with sales volume, price, revenue (Million USD) and market share for each manufacturer/player;

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).

Electric Vehicle Motor Global Market Analysis:

The electric motor facilitates the conversion of electrical energy into mechanical energy for propulsion of the vehicle, with the objective to enable regenerative braking or charging energies to generate electricity stored on board. 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.

One of the drivers for the growth of the market is the rise in the demand for improved driving range of electric vehicles. The range and emission levels in electric vehicles are dependent on the electric powertrain control systems. Motors play a vital role in controlling the electric powertrain. Improvements in technology of manufacturing electric vehicle motor, are helping in the improvement of the driving range, thereby driving the growth of the market.

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.

Market Segmentation:

Based on power rating, the global market has been segmented as 80 Kw. Amongst all types of power rating, the >80 kW segment is expected to dominate the electric vehicle motors market by the end of forecast period. These types of motors are majorly used by the automotive manufacturers in luxury vehicles. It has also been forecast that over the forecast period there would be a significant reduction in prices of the motor. This will, in turn, increase the adoption of high-performance motors in electric vehicles, thereby propelling the growth of the market.

Based on motor type, the 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, DC Brushed Motors is expected to dominate the growth of the market. In DC brushed motor, brushes along with commutators provide a link between external supply circuit and armature of the motor. Brushes can be made up of various materials such as carbon, copper, carbon graphite and metal graphite.  DC brushed motors possess the ability to achieve high torque at low speeds, which makes them suitable for use in electric vehicles.       

Target Audience of Report:

Stakeholders

Raw material suppliers

Distributors/traders/wholesalers/suppliers

Commercial research & development (R&D) institutions

Importers and exporters

Government organizations, research organizations, and consulting firms

Trade associations and industry bodies

End-use industries.

This research study involved the extensive usage of both primary and secondary data sources.  The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges.

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