01-11-2019 11:14 AM CET - Logistics & Transport

In-Wheel Motors Market Estimated to Discern 2X Expansion by 2018 - 2028

Press release from: Future Market Insights

An in-wheel motors system is an Electric Vehicle (EV) system, in which the driving motors are installed in the wheels of a vehicle and thus, runs on electrical energy. In the in-wheel motors system, the need for other components of vehicles such as differential and driving shaft, among others as compared to conventional central drive unit systems are eliminated. In-wheel motors have a larger driving range per charge and consume less electricity, due to the reduced energy loss from the removal of the differential and driving shaft.

Furthermore, an in-wheel motors system has the ability to control all the driving wheels independently as there is no driving shaft and hence, the driving force is directly transmitted to the driving wheels. This ability can assist in enhancing the control and driving force power of a vehicle. Vehicles equipped with in-wheel motors have significant driving performance, owing to their superior control and power. In electric vehicles, in-wheel motors systems can offer better turning capabilities and more space for batteries, fuel cells or cargo.

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In-wheel motors system is the new and advanced technology in the automotive industry, which is more likely to cover the market in the future, owing to the increasing environment awareness, stringent emission regulations and growing popularity of energy-efficient products.

In-Wheel Motors Market: Dynamics:

In-wheel motors offer enhanced economic performance and are more reliable as the power supply flows straight from the motor to the wheel. In-wheel motor systems enhance the simplicity and efficiency and also provide safety measures such as differential actions, ABS and traction control for safe driving. The above mentioned factors are expected to drive the market for in-wheel motors over the forecast period.

Furthermore, in-wheel motors can offer more free space in a vehicle, owing to the absence of differential, driving shaft and other mechanical parts. Other factors such as better vehicle control, silent operation and simple installation of in-wheel motors systems offer significant advantages over conventional vehicles.

Additionally, government support for electric vehicles and increasing environmental and emission control awareness ate estimated to drive the growth of the in-wheel motors system market during the forecast period. The retrofitting ability to convert any conventional diesel or petrol vehicle into an electric vehicle without any modification in the vehicle is further expected to drive the growth of the in-wheel motors market.

However, electric vehicles with in-wheel motors systems are more expensive than other electric vehicles, owing to their complex machinery. In-wheel motors can increase the unsprung mass of a vehicle. In-wheel motors are placed in the wheel hub, in which various forces such as friction, road shocks and other forces are present, which can damage the in-wheel motors. These factors are expected to hinder the growth of the in-wheel motors market.

In-Wheel Motors Market: Segmentation:

The in-wheel motorsmarket can be segmented on the basis of motors type, power output, vehicle type, cooling type and region.

On the basis of motors type, the in-wheel motorsmarket has been segmented into:

Inner rotor type
Outer rotor type
On the basis of power output, the in-wheel motorsmarket has been segmented into:

Up to 60 KW
60–90 KW
Above 90 KW
On the basis of vehicle type, the in-wheel motorsmarket has been segmented into:

Passenger cars
Light commercial vehicles
Heavy commercial vehicles
On the basis of cooling type, the in-wheel motorsmarket has been segmented into:

Air cooling
Liquid cooling
In-Wheel Motors Market: Regional Outlook:

China is expected to hold a significant market share in the in-wheel motors market, due to the presence of leading manufacturers of electric vehicles and government subsidies aimed at reducing fuel imports and improving air quality. North America and Japan are estimated to account for prominent shares in the in-wheel motors market, owing to the growing investments in electric vehicle technology and increasing government support for the adoption of electric vehicles.

The adoption of electric vehicles in Europe is significant with increasing investments and stringent emission regulations, which is expected to increase the market share of the in-wheel motors market. Asia Pacific and the Middle East are expected to register decent growth in the in-wheel motors market, owing to the increasing demand for fuel-economic vehicles.

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In-Wheel Motors Market: Market Participants:

Examples of some of the market participants in the global portable loading ramps market are:

Protean Electric
NTN Corporation
Printed Motors Works
Elaphe Ltd
e-Traction B.V.
Schaeffler AG
ECOmove GmbH
Yasa Limited

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This release was published on openPR.
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