Direct Drive Motor Market for Electric Vehicle - Global Industry Survey 2018 - 2026 : Magnetic Innovations, Kollmorgen, Continental AG, TM4, PROTEAN ELECTRIC
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.
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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.
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