Direct Drive Motor Market for Electric Vehicle Market Size & Share - Industry Trend and Forecast 2018 - 2026

The report analyzes and presents an overview of "Direct Drive Motor Market for Electric Vehicle - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" worldwide.

The main objective of this report is to define, describe, and forecast the global “Direct Drive Motor Market for Electric Vehicle” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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The direct drive motor is a type of synchronous motor that drives the load directly. Consequently, the usage of conventional transmission or gear box is eliminated. Furthermore, the utilization of the direct drive motor reduces the number of moving parts in the system and therefore, generates low noise during operation of the system. The direct drive motor consists of a stator, rotor, rotor ring, magnet, shaft, and temperature sensors. It is employed in various application where high positioning accuracy is required. A direct drive motor optimizes performance, provides high torque to power ratio, and it can be used easily. Emphasis of a majority of OEMs on low-cost solutions for reducing greenhouse gas emission, increasing government support for green transportation in developed countries, and various tax incentives offered by government bodies for electric vehicles are likely to drive the direct drive motor market during forecast period.

The direct drive motor market can be segmented based on motor type, vehicle type, industry, and region. Based on motor type, the direct drive motor market can be segregated into high-speed motor, medium-speed motor, and one other segment. A high-speed direct drive motor possesses an advantage over the other two types of motors, wherein it can be installed in high performance passenger cars and commercial vehicles.

In terms of vehicle type, the direct drive motor market can be divided into passenger vehicles and commercial vehicles. In passenger vehicles, the demand for hatchback cars, sedan, and multi-purpose vehicle and sports utility vehicles is expected to be high. Increased demand for fuel-efficient vehicles and government policies across the globe are anticipated to drive demand for direct drive motor market during the forecast period, due to the high demand for electric vehicles. The passenger vehicles segment is estimated to dominate the direct drive motor market during the forecast period.

Based on industry, the direct drive motor market can be segregated into automotive, medical, aerospace, defense, and industrial sectors. In the automotive industry, the adoption of direct drive motors is gaining popularity owing to the rising demand for fuel efficient vehicles, increasing production of electric vehicles, and stringent emission norms by government regulatory bodies across the globe. These factors are likely to boost the direct drive motor market during forecast period and the automotive industry segment is likely to hold a prominent share of the direct drive motor market.

Based on geography, the direct drive motor market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to lead the direct drive motor market during the forecast period due to the booming automotive industry in the region. In the U.S., sales of electric vehicles have risen at an average of 32%, annually, from 2012 to 2016, and 45% over the year ending June 2017. Strong policy support from state, low operational cost, and rapid decline in battery cost boost the electric vehicle sales in the U.S. and it is likely to continue during forecast period.

Key players operating in the direct drive motor market include Magnetic Innovations, Kollmorgen, Continental AG, TM4, and PROTEAN ELECTRIC.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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