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Automotive Hub Motor Market for the Electric Vehicles Players by Size, Share and Region - Global Forecast to 2025
This exclusive report will provide you with the market size and forecast (US$ Mn) for the global market and its segments for the period from 2015 to 2025 along with the growth rate (CAGR) from 2017 to 2025, considering 2016 as base year. In addition, drivers, restraints and opportunities, competitive landscape have also been covered under the current proposed table of contents, which will in due course help you to take strategic decisions with respect to the market.
The rise in pollution levels due to internal combustion vehicles and other factors is expected to cause a paradigm shift towards the adoption of electric vehicles instead. Auto manufacturers all over the world are developing green technology in order to comply with the emission norms. The automotive hub motor or the in-wheel automotive hub motor generates the power from the electric motor and provides drive to the wheels. The automotive hub motor is utilized in pure electric or hybrid vehicles.
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The automotive hub motor is an integrated unit consisting of an electric motor and a gear reduction unit mounted on the wheel hub. A separate transmission system is not required, as the power generation and gear reduction occurs inside the unit. automotive hub motors have a liquid cooling system. Some companies offer automotive hub motors with braking systems. The integration of systems allows the vehicle to have a low flooring and low center of gravity.
Demand for automotive hub motor technology to power electric vehicles is estimated to rise due to the increase in preference by consumers toward electric vehicles. The automotive hub motor technology is robust, easy to install, and does not require modification to other vehicle systems. With integration of automotive hub motors allows vehicle to be operated as Four Wheel Drive and All Wheel Drive vehicle without using a transfer case. automotive hub motors are widely utilized in electric buses. The automotive hub motor system is easy to develop, as compared to the electric drive with transmission. automotive hub motor is the preferred technology for buses as absence of an engine and transmission system offers more floor space. Public transport electric buses are introduced in many cities to curb emission. A prominent electric bus manufacturer, BYD, of China uses automotive hub motors in all its buses. Companies such as Volkswagen and Mercedes are conducting research for the integration of automotive hub motors in electric vehicles.
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The usage of automotive hub motors adds to the unsprung weight of the vehicle and thus, limits their adoption in passenger vehicles. Apart from using automotive hub motors, electric vehicles have an option to utilize motors with transmission, which is widely accepted and established technology.
The automotive hub market can be segmented based on vehicle type and geographical region. Under vehicle type the automotive hub motor is used in electric cars and buses. Based on geography the market region is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. China is the largest manufacturer of electric buses thus china has potential growth of automotive hub motor market followed by Europe.
Key players operating in the global automotive hub motor market include ZIEHL-ABEGG, which developed the permanent synchronous motor with power electronics and water cooling. Schaeffler Technologies AG & Co. KG offering automotive hub motor with brake system, automotive hub motor developed by Protean Electric is designed such that it can use original wheel bearing. Elaphe Ltd. offers various kinds of automotive hub motors for sports cars, passenger cars, and for heavy machinery drives. The automotive hub motor for light electric vehicle is air-cooled unlike the conventional liquid cooling. ZF Friedrichshafen AG uses an asynchronous motor integrated with cooling. BONFIGLIOLI RIDUTTORI S.P.A. is also a key manufacturer of automotive hub motors.
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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