Wednesday, 11 January 2017

Electric Vehicle Motor Market Analysis- Size, Share, Growth, Forecast, Segment, Application Analysis To 2017-2021

Market Reports Center Announces the Publication of its Research Report – Global Electric Vehicle Motor Market 2017-2021

Market Reports Center recognizes the following companies as the key players in the global electric vehicle motor market: Continental, Hitachi Automotive Systems, Tesla Motors, and Toyota Industries.

Other Prominent Vendors in the market are: BYD Auto, Delphi Automotive, DENSO, Metric Mind, and Mitsubishi Electric.
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Commenting on the report, an analyst from Market Reports Center’s team said: “One trend in the market is in-wheel microdrive system. In in-wheel microdrive system, the motors are installed next to the wheel in parallel. This is a direct drive where motors are small but offer a high torque. For instance, Protean Electric developed an inside-out motor where high torque is generated by mounting the magnets on the rotor that sits outside the stator. This allows the coil, and the magnets with a large diameter to create a high torque. Normally, the electric motor and the inverter used to provide AC to the motor are of the same size. An in-wheel motor minimizes the space needed. This gives additional room for battery pack and luggage. The size of the inverter is reduced by using many microinverter units that break down the high current switching at high voltage by a conventional power inverter into smaller currents at smaller voltages.”

According to the report, one driver in the market is decline in cost of electric motor owing to advances in technology. The additional components that comprise an EV compared with conventional gasoline- or diesel-powered vehicles are a battery, electric controller, motor, and power inverter. The supplier level cost of these components, except controllers, will decline during the forecast period. This is attributable to the increased sales of HEVs and full EVs globally, which increases the mass production of electric components. The price of controllers is increasing due to the addition of complex electronic units in the vehicle, which must be controlled by higher-level controllers. Therefore, the supplier will be able to purchase raw materials for lower prices in bulk, thereby reducing the selling price to OEMs.

Further, the report states that one challenge in the market is cost instability of rare earth elements. The PMSMs and BLDCMs use permanent magnets that are manufactured from rare earth elements such as dysprosium oxide and neodymium. Toyota Prius and Nissan Leaf, the mass-produced EVs, used neodymium iron boron (NdFeB) as a permanent magnet in the motors. This has established a well-built market for permanent magnet-based motors. The availability of these elements is limited, and China leads the global market of rare earth element production by 93% with largest mines reserves, covering 31% share of reserves worldwide. This has led all other countries to depend on China for the supplies.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About Electric Vehicle Motor

An electric motor is a machine that converts electrical energy into mechanical energy by the interaction of magnetic field with the current. The motor mainly consists of two parts: a rotor and a stator. The motors can be categorized into direct current (DC) motor and alternating current (AC) motor based on the type of electricity used by the motor. Furthermore, AC motors are classified into synchronous or asynchronous motors, and DC motors are classified into brushed and brushless motors.
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Market Reports Center’s analysts forecast the global electric vehicle motor market to grow at a CAGR of 22.67% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global electric vehicle motor market for 2017-2021. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the four prominent vendors operating in the market.

The market is divided into the following segments based on geography:
• Europe
• North America

Market Reports Center's report, Global Electric Vehicle Motor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Continental
• Hitachi Automotive Systems
• Tesla Motors
• Toyota Industries

Other prominent vendors
• BYD Auto
• Delphi Automotive
• Metric Mind
• Mitsubishi Electric

Market driver
• Decline in cost of electric motor owing to advances in technology.
• For a full, detailed list, view our report

Market challenge
• Electromagnetic interference damages powertrain components.
• For a full, detailed list, view our report

Market trend
• IM and other technologies with magnet-free architecture.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
About Us:
Market Reports Center is an e-commerce platform obliging the needs of knowledge workers, experts, professionals who are subject to market research information for their work, or to make strategic business decisions. Market Reports Center’s team consistently works to update and extend our existing repository of market research reports by partnering with new publishers and adding their studies to our website.
Media Contact:
Sam Collins
Market Reports Center
Phone No: 1-646-883-3044 (US)

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