Press release
In-Wheel Motor Market Expected to Witness a Sustainable Growth Over 2031 | Tesla, e-Traction B.V, Nissan Motors
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Key Trends
In-Wheel Motor technology is becoming increasingly popular in the automotive industry due to its many benefits.
In-Wheel Motors offer a more compact and efficient design than traditional automotive engines, and they are also more environmentally friendly.
In addition, In-Wheel Motors provide better traction and handling, and they are less likely to overheat.
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Key Drivers
There are several key drivers of the In-Wheel Motor market.
Firstly, the In-Wheel Motor offers a more efficient and compact solution for electric vehicles (EVs) compared to the traditional electric motor. This is because the In-Wheel Motor is located within the wheel of the vehicle, which reduces the size and weight of the electric motor.
Secondly, the In-Wheel Motor offers a more efficient powertrain for EVs as it can provide power to the wheels directly. This is because the In-Wheel Motor is not connected to the transmission system, which means that there is no power loss through the transmission.
Thirdly, the In-Wheel Motor offers a more scalable solution for EVs as it can be used in different sized vehicles. This is because the In-Wheel Motor can be used in smaller vehicles such as motorcycles and scooters, as well as in larger vehicles such as cars and trucks.
Finally, the In-Wheel Motor is a more reliable solution for EVs as it does not require a gearbox. This is because the In-Wheel Motor is a direct drive motor, which means that there are no moving parts within the motor.
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Market Segments:
The In-Wheel Motor Market is segmented by motors type, power output, vehicle type, cooling type and region. By motors type the market is divided into inner and outer. Based on power output it is segmented into up to 50 KW, 50-90 KW and above 90 KW. On the basis of vehicle type it is bifurcated into passenger cars, LCV and HCV. By cooling type it is segmented into air cooling and liquid cooling. Region wise the market is divided into North America, Europe, Asia-Pacific and Rest of the World.
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Key Market Players:
The In-Wheel Motor Market includes players such as Schaeffler AG, Nissan Motors Corporation, Tesla, e-Traction B.V, Printed Motors Works, ZIEHL-ABEGG, Elaphe Ltd, NTN Corporation, Protean Electric, and ECOmove GmbH.
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