Electric Motor for Electric Vehicle Market, By Application (Passenger Cars, and Commercial Vehicles), By Motor Type (AC Motor, and DC Motor), Vehicle Type (Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), and Pure Electric Vehicle (PEV)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Electric vehicles are not new to this world, but the technological advancement and better concern on controlling pollution have given it an identifier of future mobility. The essential element of the EV, apart from Electric Vehicle Batteries, that’s changes the Internal Combustion engines is an Electric motor. The rapid expansion in the field of power electronics and control techniques has shaped space for various types of electric motors that are used in Electric Vehicles. With having characteristics like high starting torque, high power density, good efficiency, etc.

Drivers and Restraints:

The growth in Motor Type of electric car is the major factor driving the growth for the target market. For instance According to eei.org Electric car utilization has been growing rapidly over the decade, with growth in a stoke of electric passenger cars around 5 million in 2018, with an increase of 63% from the previous year. Additionally some favourable government policies and support in terms of subsidies and grants, tax rebates and other non-financial benefits for buying an electric car such factor boost target market growth. Additionally, the manufacturer is introducing a new vehicle range, improved availability of charging infrastructure and proactive participation by automotive OEMs such factor drives the target market growth. However the lack of charging infrastructure restrain the target market. Additionally the government strict regulation for using EV with a ban on the diesel engine will provide a great opportunity to the target market.

Segmentation:

The Electric Motor for Electric Vehicle market is segmented based on Application, by Motor Type, and region.

By application, the global electric motor for the electric vehicle market is classified into passenger cars and commercial vehicles. By motor type, the global electric motor for the electric vehicle market is classified into ac motor and dc motor. The ac motors are expected to dominate the market segment, owing to its benefits such as improved efficiency and lightweight. Also, AC motors are robust and cheap, when compared to DC motors. By vehicle type, the Electric Motor for Electric Vehicle market is classified into the hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and pure electric vehicle (PEV).

By region, Asia-Pacific is expected to dominate the electric motor for the electric vehicle market. This is an attribute to the growing Motor Type of the electric vehicle in an emerging country such as India and China. For instance, according to IEA.ORG, about 45% of electric cars on the road in 2018 were in China a total of 2.3 million compared to 39% in 2017. Europe accounted for the significant share in the target market for instance according to IEA.ORG to Europe accounted for 24% of the global fleet.

Key Players:   

The key players operating the electric motor for electric vehicle market includes Aisin Seiki Co Ltd, Toyota Motor Corporation, Hitachi Automotive Systems, DENSO Corporation, Aptiv PLC, Mitsubishi Electric Corp, Magna International, Robert Bosch GmbH, BMW AG, Nissan Motor Co Ltd, and Tesla Inc. the key players in the market are focusing on partnership and mutual agreement. For instance, AISIN and DENSO announced they have formally agreed to form a New Company to Develop and Sell Driving Modules for Electric Vehicles.

Detailed Segmentation:

Electric Motor for Electric Vehicle Market, By Application:

• Passenger Cars
• Commercial Vehicles

Electric Motor for Electric Vehicle Market, By Motor Type:

• AC Motor
• DC Motor

Electric Motor for Electric Vehicle Market, By Vehicle Type:

• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Pure Electric Vehicle (PEV)

Electric Motor for Electric Vehicle Market, By Region:

• North America
  • Middle East & Africa
    • Middle East & Africa Electric Motor for Electric Vehicle  Market, By Application
    • Middle East & Africa Electric Motor for Electric Vehicle  Market, By Motor Type
    • Middle East & Africa Electric Motor for Electric Vehicle  Market, By Vehicle Type
    • Middle East & Africa Electric Motor for Electric Vehicle  Market, By Country
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • Latin America Electric Motor for Electric Vehicle  Market, By Application
    • Latin America Electric Motor for Electric Vehicle  Market, By Motor Type
    • Latin America Electric Motor for Electric Vehicle  Market, By Vehicle Type
    • Latin America Electric Motor for Electric Vehicle  Market, By Country
      • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • Asia Pacific Electric Motor for Electric Vehicle  Market, By Application
    • Asia Pacific Electric Motor for Electric Vehicle  Market, By Motor Type
    • Asia Pacific Electric Motor for Electric Vehicle  Market, By Vehicle Type
    • Asia Pacific Electric Motor for Electric Vehicle  Market, By Country
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • Europe Electric Motor for Electric Vehicle  Market, By Application
    • Europe Electric Motor for Electric Vehicle  Market, By Motor Type
    • Europe Electric Motor for Electric Vehicle  Market, By Vehicle Type
    • Europe Electric Motor for Electric Vehicle  Market, By Country
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • North America Electric Motor for Electric Vehicle  Market, By Application
  • North America Electric Motor for Electric Vehicle  Market, By Motor Type
  • North America Electric Motor for Electric Vehicle  Market, By Vehicle Type
  • North America Electric Motor for Electric Vehicle  Market, By Country
    • U.S.
    • Canada

Company Profile:

• Aisin Seiki Co Ltd
• Company Overview
  • • Motor Type Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
• Toyota Motor Corporation
• Hitachi Automotive System
• DENSO Corporatio
• Aptiv PLC
• Mitsubishi Electric Corp
• Magna International
• Robert Bosch GmbH
• BMW AG
• Nissan Motor Co Ltd
• Tesla Inc.

 “*” marked represents similar segmentation in other categories in the respective section