The Global Electric Vehicle (EV) Traction Motor Market is expected to witness a CAGR of 30.9% during the forecast period to reach revenue by 2024

  • Product Code:
    RP-ID-10078112
  • Published Date:
    Mar 2019
  • Region:
    Global
  • Pages:
    85
  • Category:
    Semiconductor & Electronics
  • Publisher:
    Infoholic Research
Global Electric Vehicle Traction Motor Market: Drivers, Restraints, Opportunities, Trends, and Forecast up to 2024
Overview:
The global electric vehicle (EV) traction motor market is expected to witness significant growth during the forecast period. The market is driven by increasing government initiatives on electric vehicle adoption, increasing focus on expanding electric vehicle charging infrastructure, and growing preference for electrification of the public fleet. Electric vehicles are equipped with an electric motor for propulsion of the vehicle. These vehicles can be classified into battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV). BEV is a zero-emission vehicle that purely runs on a battery and electric traction motor without an internal combustion engine (ICE). The battery can be plugged in and recharged from an external energy source. PHEV is equipped with two propulsion modes, i.e., drive motor and internal combustion engine (ICE). When the battery is high, the vehicle runs on the drive motor and when the battery is low, the vehicle runs on ICE.
Market Revenue and Segmentation Analysis:
The global electric vehicle traction motor market is expected to reach revenue of $XX billion by 2024, growing at a CAGR of 30.9% during the forecast period 2018–2024.
The market is segmented based on motor type, motor capacity, vehicle type, and application. In terms of motor type, the market is segmented into synchronous motor and induction motor. Based on the motor capacity, the market is segmented into <40 kW, ≥40 kW to <80 kW, and ≥80 kW. By vehicle type, the market is segmented into battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV). The applications covered in the report are electric cars, electric buses, and electric scooters.
Regional Analysis:
The Asia Pacific region is dominating in the global EV traction market followed by Europe. In terms of revenue, Asia Pacific accounted for more than 60% share and is projected to remain dominant during the forecast period. This is mainly due to the expanding electric vehicle charging infrastructure and increasing government initiatives, such as NEV policy in China. The report also covers country-wise analysis of the electric vehicle traction motor market across various regions including the Americas, Europe, Asia Pacific, and Middle East & Africa (MEA).
Benefits and Vendors
The report contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Few of the key players profiled in this study include Zhongshan Broad-Ocean Motor Co., Ltd., BorgWarner Inc., Robert Bosch GmbH, Continental AG, Siemens AG, Nidec Corporation, LG Electronics, MEIDENSHA CORPORATION, Jing-Jin Electric Technologies Co., Ltd., and Shuanglin Group.
The study offers a comprehensive analysis of the “global electric vehicle traction motor market”. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists to understand revenue opportunities across different segments to take better decisions.
Table of Contents
1 Report Summary 10
1.1 Executive Summary 10
1.2 Scope of the Report 13
1.3 Industry Trends 14
1.4 PEST Analysis 15
2 Report Outline 16
2.1 Research Methodology 16
2.2 Report Assumptions 17
3 Market Snapshot 18
4 Market Outlook 19
4.1 Overview 19
4.2 Market Definition – Infoholic Research 20
4.3 Market Segmentation 20
4.4 Porter 5 (Five) Forces 21
5 Market Characteristics 22
5.1 Market Trends 22
5.2 Market Dynamics 23
5.2.1 Drivers 24
5.2.1.1 Government initiatives on electric vehicle adoption 24
5.2.1.2 Increasing focus on expanding electric vehicle charging infrastructure 24
5.2.1.3 Increasing preference for electrification of public fleet 25
5.2.2 Restraints 25
5.2.2.1 End-user concerns on switching to an electric vehicle 25
5.2.2.2 Lack of awareness about the potential cost benefits of electric vehicles 25
5.2.3 Opportunities 26
5.2.3.1 Changing urban mobility 26
5.3 DRO – Impact Analysis 26
6 Motor Type: Market Size and Analysis 27
6.1 Overview 27
6.2 Synchronous Motor 28
6.3 Induction Motor 30
7 Motor Capacity: Market Size and Analysis 31
7.1 Overview 31
7.2 <40 kW 32
7.3 ≥40 kW to <80 kW 33
7.4 ≥80 kW 34
8 Vehicle Type: Market Size and Analysis 35
8.1 Overview 35
8.2 Battery Electric Vehicle (BEV) 36
8.3 Plug-in Hybrid Electric Vehicle (PHEV) 37
9 Applications: Market Size and Analysis 38
9.1 Overview 38
9.2 Electric Car 39
9.3 Electric Bus 39
9.4 Electric Scooter 40
10 Regions: Market Size and Analysis 41
10.1 Overview 41
10.2 Asia Pacific 43
10.2.1 Overview 43
10.2.2 By Country – Market Size and Analysis 45
10.2.3 By Motor Type – Market Size and Analysis 46
10.2.4 By Vehicle Type – Market Size and Analysis 47
10.3 Europe 48
10.3.1 Overview 48
10.3.2 By Country – Market Size and Analysis 51
10.3.3 By Motor Type – Market Size and Analysis 52
10.3.4 By Applications – Market Size and Analysis 53
10.4 Americas 54
10.4.1 Overview 54
10.4.2 By Country – Market Size and Analysis 56
10.4.3 By Motor Type – Market Size and Analysis 57
10.4.4 By Vehicle Type – Market Size and Analysis 58
10.5 Rest of the World (RoW) 59
10.5.1 Overview 59
10.5.2 By Motor Type – Market Size and Analysis 61
10.5.3 By Vehicle Type – Market Size and Analysis 62
11 Vendors Profile 63
11.1 Zhongshan Broad-Ocean Motor Co. Ltd. 63
11.1.1 Overview 63
11.1.2 Key Financials 65
11.1.3 Product Offerings 66
11.1.4 Business Focus 66
11.1.5 SWOT Analysis 67
11.1.6 Business Strategy 67
11.2 BorgWarner Inc. 68
11.2.1 BorgWarner Inc. 68
11.2.2 Key Financials 70
11.2.3 Product Offerings 71
11.2.4 Business Focus 71
11.2.5 SWOT Analysis 71
11.2.6 Geographic Revenue 72
11.2.7 Business Focus 72
11.2.8 Business Strategy 73
11.3 Robert Bosch GmbH 73
11.3.1 Operating Segment Revenue 75
11.3.2 Product Offerings 75
11.3.3 Business Focus 76
11.3.4 SWOT Analysis 77
11.3.5 Geographic Revenue 78
11.3.6 Business Strategies 78
11.4 Continental AG 79
11.4.1 Overview 79
11.4.2 Key Financials 80
11.4.3 Product Offerings 80
11.4.4 Business Focus 81
11.4.5 SWOT Analysis 82
11.4.6 Geographic Revenue 82
11.4.7 Business Strategies 83
11.5 Siemens AG 83
11.5.1 Overview 83
11.5.2 Product Offerings 84
11.5.3 Key Financials 85
11.5.4 Geographic Revenue 86
11.5.5 Business Focus 86
11.5.6 SWOT Analysis 87
11.5.7 Business Strategy 88
12 Companies to Watch for 89
12.1 Nidec Corporation 89
12.1.1 Overview 89
12.1.2 Offerings 89
12.2 LG Electronics 90
12.2.1 Overview 90
12.2.2 Offerings 90
12.3 MEIDENSHA CORPORATION 91
12.3.1 Overview 91
12.3.2 Offerings 91
12.4 Jing-Jin Electric Technologies Co. Ltd. 92
12.4.1 Overview 92
12.4.2 Offerings 92
12.5 Shuanglin Group 93
12.5.1 Overview 93
12.5.2 Offerings 93

Annexure 94
Abbreviations 94

Please enter your personal details below
*
I want to buy this report
I am willing to know the scope of research
I have customized query over this report
Zhongshan Broad-Ocean Motor Co., Ltd., BorgWarner Inc., Robert Bosch GmbH, Continental AG, Siemens AG, Nidec Corporation, LG Electronics, MEIDENSHA CORPORATION, Jing-Jin Electric Technologies Co., Ltd., and Shuanglin Group
Please enter your personal details below
*
I want to buy this report
I am willing to know the scope of research
I have customized query over this report

Related Reports