Press release
Electric Motors Market Report 2024: ABB, Adlee Powertronic Co. Ltd., Allied Motion, Inc., AMETEK, Inc., Baldor Electric Company, Robert Bosch GmbH, Bühler Motor GmbH, Denso Corporation, Dongjin Vietnam, ebm-papst, Emerson Electric Co., FAULHABER Group, Fu
Electric Motors Market
The latest buzz created by the electric and connected cars have taken the global electric motors market to brew a fresh storm in the worldwide automotive & transportation sector. With the sprawling concept of running electric cars on road, it wouldn't be incorrect to say that electric motors are generating a rather substantial momentum in the transportation industry. Automotive biggies such as Volvo and Volkswagen's pledging to go all electric and pivot away from the conventional petrol and diesel cars, have undoubtedly, elicited electric motors industry players to roll up their sleeves and enhance their production capabilities.
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The fact that the electric car models are significantly turning the prominent mechanical systems including engine cooling systems, power steering, and transmission actuation into electric drives will generate magnificent demand for electric motors market in the ensuing years. As per research, electric motors industry, from the small DC motors used in the automotive sectors, is likely to capitalize highest revenue share exceeding USD 26 billion by 2024.
The rising demand for electric vehicles across the globe have bestowed plethora of M&As, joint ventures, and R&D activities in the industry. Citing some noteworthy instances, in 2011, Bosch and Daimler collaborated as equals to establish a new venture EM-motive GMBH, that would enhance its production capabilities to manufacture electric motors. Reportedly, now the joint venture is a prime distributor of electric motors to OEMs manufacturing e-vehicles and also for the automotive aftermarket. Statistics claim the joint entity to manufacture more that 1 million electric motors by 2020, which not to mention, will have a remarkable impact on electric motors market share.
Analysts deem the stringent regulations toward curbing CO2 emissions to be a pivotal factor influencing the electric car makers to phase out conventional IC engines and embrace electrification. Reports claim that the emission generated by electric vehicles is less than half the CO2 released by fossil fuel vehicles of same weight and performance standards. One of the boldest commitment toward bringing forth zero-emission versions of vehicles has been taken by Volvo Cars. Reportedly, the company will go 100% electric from 2019. Volkswagen was another major in the electric motors market, who plans to attain a sales target of 2 to 3 million electric cars by 2025. The company is offering around 80 new electric vehicles spanning all its sub-brands and groups which include Audi, Bugatti, Bentley and the home brand.
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Some Point from Table of Contents:
Chapter 5 Electric Motors Market, By Motor
5.1 Electric motors market share by motor, 2016 & 2024
5.2 Traction Motor
5.2.1 Market estimates and forecast from traction motor, 2013 - 2024, (Million units) (USD Million)
5.2.2 Market estimates and forecast from traction motor by region, 2013 - 2024, (Million units) (USD Million)
5.3 Small DC motors for automotive
5.3.1 Market estimates and forecast from small DC motors for automotive, 2013 - 2024, (Million units) (USD Million)
5.3.2 Market estimates and forecast from small DC motors for automotive by region, 2013 - 2024, (Million units) (USD Million)
5.3.3 Air suspension motors
5.3.3.1 Market estimates and forecast from air suspension motors, 2013 - 2024, (Million units) (USD Million)
5.3.3.2 Market estimates and forecast from air suspension motors by region, 2013 - 2024, (Million units) (USD Million)
5.3.4 ABS motors
5.3.4.1 Market estimates and forecast from ABS motors, 2013 - 2024, (Million units) (USD Million)
5.3.4.2 Market estimates and forecast from ABS motors by region, 2013 - 2024, (Million units) (USD Million)
5.3.5 Vacuum pump motors
5.3.5.1 Market estimates and forecast from vacuum pump motors, 2013 - 2024, (Million units) (USD Million)
5.3.5.2 Market estimates and forecast from vacuum pump motors by region, 2013 - 2024, (Million units) (USD Million)
5.3.6 Fork lift actuation motors
5.3.6.1 Market estimates and forecast from fork lift actuation motors, 2013 - 2024, (Million units) (USD Million)
5.3.6.2 Market estimates and forecast from fork lift actuation motors by region, 2013 - 2024, (Million units) (USD Million)
5.3.7 Cooling fans & blower's motors
5.3.7.1 Market estimates and forecast from cooling fans & blower's motors, 2013 - 2024, (Million units) (USD Million)
5.3.7.2 Market estimates and forecast from cooling fans & blower's motors by region, 2013 - 2024, (Million units) (USD Million)
Browse complete Table of Contents (ToC) of this research report @
https://www.decresearch.com/toc/detail/electric-motors-market
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