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Global Electric Vehicles Components Market (Motors, Drives, Motor Control)

Global Electric Vehicles Components Market (Motors, Drives, Motor Control)

Global Electric Vehicle Traction Motor Market: Drivers, Restraints, Opportunities, Trends, and Forecast up to 2024

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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.


1 Report Summary
1.1 Executive Summary
1.2 Scope of the Report
1.3 Industry Trends
1.4 PEST Analysis
2 Report Outline
2.1 Research Methodology
2.2 Report Assumptions
3 Market Snapshot
3.1 Global EV Traction Market
4 Market Outlook
4.1 Overview
4.2 Market Definition – Infoholic Research
4.3 Segmentation
4.4 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Market Trends
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Government initiatives on electric vehicle adoption
5.2.3 Increasing focus on expanding electric vehicle charging infrastructure
5.2.4 Increasing preference for electrification of public fleet
5.2.5 Restraints
5.2.6 End-user concerns on switching to electric vehicle
5.2.7 Lack of awareness about potential cost benefits of electric vehicles
5.2.8 Opportunities
5.2.9 Changing urban mobility
5.3 DRO – Impact Analysis
6 Motor Type: Market Size and Analysis
6.1 Overview
6.2 Synchronous Motor
6.3 Induction Motor
7 Motor Capacity: Market Size & Analysis
7.1 Overview
7.2 <40 KW
7.3 ≥ 40 KW - < 80 KW
7.4 ≥ 80 KW
8 Vehicle Type: Market Size & Analysis
8.1 Overview
8.2 Battery Electric Vehicle (BEV)
8.3 Plug-in hybrid electric vehicle (PHEV).
9 Application: Market Size & Analysis
9.1 Overview
9.2 Electric Car
9.3 Electric Bus
9.4 Electric Scooter
10 Regions: Market Size & Analysis
10.1 Overview
10.2 Asia Pacific
10.2.1 Overview - Market Size and Analysis
10.2.2 By Country - Market Size and Analysis
10.2.3 Motor Type - Market Size and Analysis
10.2.4 Vehicle Type - Market Size and Analysis
10.3 Europe
10.3.1 Overview - Market Size and Analysis
10.3.2 By Country - Market Size and Analysis
10.3.3 Motor Type - Market Size and Analysis
10.3.4 Application - Market Size and Analysis
10.4 Americas
10.4.1 Overview -Market Size and Analysis
10.4.2 By Country - Market Size and Analysis
10.4.3 Motor Type - Market Size and Analysis
10.4.4 Vehicle Type - Market Size and Analysis
10.5 Rest of World (RoW)
10.5.1 Overview - Market Size and Analysis
10.5.2 Motor Type - Market Size and Analysis
10.5.3 Vehicle Type - Market Size and Analysis
11 Vendor Profiles
11.1 Zhongshan Broad-Ocean Motor Co.,Ltd.
11.1.1 Overview
11.1.2 Key Financials
11.1.3 Product Offerings
11.1.4 Business Focus
11.1.5 SWOT Analysis
11.1.6 Business Strategy
11.2 BorgWarner Inc.
11.2.1 BorgWarner Inc.
11.2.2 Key Financials
11.2.3 Product Offerings
11.2.4 Business Focus
11.2.5 SWOT Analysis
11.2.6 Geographic Revenue
11.2.7 Business Focus
11.2.8 Business Strategy
11.3 Robert Bosch GmbH
11.3.1 Operating Segment Revenue
11.3.2 Product Offerings
11.3.3 Business Focus
11.3.4 SWOT Analysis
11.3.5 Geographic Revenue
11.3.6 Business Strategy
11.4 Continental AG
11.4.1 Overview
11.4.2 Product Offerings
11.4.3 Business Focus
11.4.4 SWOT Analysis
11.4.5 Geographic Revenue
11.4.6 Business Strategy
11.5 Siemens AG
11.5.1 Overview
11.5.2 Product Offerings
11.5.3 Business Units
11.5.4 Geographic Revenue
11.5.5 Business Focus
11.5.6 SWOT Analysis
11.5.7 Business Strategy
12 Companies to Watch for
12.1 Nidec Corporation
12.1.1 Overview
12.1.2 Offerings
12.2 LG Electronics
12.2.1 Overview
12.2.2 Offerings
12.3 MEIDENSHA CORPORATION
12.3.1 Overview
12.3.2 Offerings
12.4 Jing-Jin Electric Technologies Co., Ltd
12.4.1 Overview
12.4.2 Offerings
12.5 Shuanglin Group
12.5.1 Overview
12.5.2 Offerings
Annexure
Abbreviations
TABLES
TABLE 1 GLOBAL EV TRACTION MOTOR MARKET REVENUE ($ MILLION), BY MOTOR TYPE, 2018-2024
TABLE 2 GLOBAL EV TRACTION MOTOR MARKET REVENUE BY MOTOR CAPACITY, 2018-2024 ($MILLION)
TABLE 3 GLOBAL EV TRACTION MOTOR MARKET REVENUE BY VEHICLE TYPE, 2018-2024 ($MILLION)
TABLE 4 GLOBAL EV TRACTION MOTOR MARKET REVENUE BY APPLICATION, 2018-2024 ($MILLION)
TABLE 5 GLOBAL EV TRACTION MOTOR MARKET BY REGION, 2018-2024 ($MILLION)
TABLE 6 ASIA PACIFIC EV TRACTION MOTOR MARKET BY COUNTRY, 2018-2024 ($MILLION)
TABLE 7 ASIA PACIFIC EV TRACTION MARKET BY MOTOR TYPE, 2018-2024 ($MILLION)
TABLE 8 ASIA PACIFIC EV TRACTION MARKET BY VEHICLE TYPE, 2018-2024 ($MILLION)
TABLE 9 EURIPE EV TRACTION MOTOR MARKET BY COUNTRY, 2018-2024 ($MILLION)
TABLE 10 EUROPE EV TRACTION MOTOR MARKET BY MOTOR TYPE, 2018-2024 ($MILLION)
TABLE 11 EUROPE EV TRACTION MOTOR MARKET BY VEHICLE TYPE, 2018-2024 ($MILLION)
TABLE 12 AMERICAS EV TRACTION MOTOR MARKET BY COUNTRY, 2018-2024 ($MILLION)
TABLE 13 AMERICAS EV TRACTION MOTOR MARKET BY DISPLAY TYPE, 2018-2024 ($MILLION)
TABLE 14 AMERICAS EV TRACTION MOTOR MARKET BY VEHICLE TYPE, 2018-2024 ($MILLION)
TABLE 15 ROW EV TRACTION MOTOR MARKET BY MOTOR TYPE, 2018-2024 ($MILLION)
TABLE 16 ROW EV TRACTION MOTOR MARKET BY VEHICLE TYPE, 2018-2024 ($MILLION)
Charts
CHART 1 PEST ANALYSIS OF GLOBAL EV TRACTION MOTOR MARKET
CHART 2 RESEARCH METHODOLOGY OF THE EV TRACTION MOTOR MARKET
CHART 3 GLPBAL EV TRACTION MOTOR MARKET REVENUE, 2018–2024, ($MILLION)
CHART 4 SEGMENTATION OF GLOBAL EV TRACTION MOTOR MARKET
CHART 5 PORTER 5 (FIVE) FORCES ON GLOBAL EV TRACTION MOTOR MARKET
CHART 6 MARKET DYNAMICS – DRIVERS, RESTRAINTS, AND OPPORTUNITIES
CHART 7 DRO – IMPACT ANALYSIS OF GLOBAL EV TRACTION MOTOR MARKET
CHART 8 EV TRACTION MOTOR MARKET REVENUE BY MOTOR TYPE, 2018-2024 ($MILLION)
CHART 9 SYNCHRONOUS MOTOR SEGMENT REVENUE, 2018-2024, ($MILLION)
CHART 10 INDUCTION MOTOR SEGMENT REVENUE, 2018-2024, ($MILLION)
CHART 11 GLOBAL EV TRACTION MOTOR MARKET BY MOTOR CAPACITY, 2018-2024, ($MILLION)
CHART 12 < 40 KW SEGMENT REVENUE, 2018-2024 ($MILLION)
CHART 13 ≥ 40 KW - < 80 KW SEGMENT REVENUE, 2018-2024 ($MILLION)
CHART 14 ≥ 80 KW SEGMENT REVENUE, 2018-2024 ($MILLION)
CHART 15 GLOBAL EV TRACTION MOTOR MARKET BY VEHICLE TYPE, 2018-2024 ($MILLION)
CHART 16 BEV SEGMENT REVENUE, 2018-2024 ($MILLION)
CHART 17 PHEV SEGMENT REVENUE, 2018-2024 ($MILLION)
CHART 18 GLOBAL EV TRACTION MOTOR MARKET BY APPLICATION, 2018-2024 ($MILLION)
CHART 19 ELECTRIC CAR SEGMENT REVENUE, 2018-2024 ($MILLION)
CHART 20 ELECTRIC BUS SEGMENT REVENUE, 2018-2024 ($MILLION)
CHART 21 ELECTRIC SCOOTER SEGMENT REVENUE, 2018-2024 ($MILLION)
CHART 22 GLOBAL EV TRACTION MOTOR MARKET REVENUE, BY REGION 2018-2024 ($MILLION)
CHART 23 ASIA PACIFIC EV TRACTION MOTOR MARKET REVENUE, 2018-2024 ($MILLION)
CHART 24 ASIA PACIFIC EV TRACTION MOTOR MARKET REVENUE BY COUNTRY, 2018-2024 ($MILLION)
CHART 25 ASIA PACIFIC EV TRACTION MOTOR MARKET BY MOTOR TYPE, 2018-2024 ($MILLION)
CHART 26 ASIA PACIFIC EV TRACTION MOTOR MARKET BY VEHICLE TYPE, 2018-2024 ($MILLION)
CHART 27 EUROPE EV TRACTION MOTOR MARKET REVENUE, 2018-2024 ($MILLION)
CHART 28 EUROPE EV TRACTION MOTOR MARKET REVENUE BY COUNTRY, 2018-2024 ($MILLION)
CHART 29 EUROPE EV TRACTION MOTOR MARKET BY MOTOR TYPE, 2018-2024 ($MILLION)
CHART 30 EUROPE EV TRACTION MOTOR MARKET BY VEHICLE TYPE, 2018-2024 ($MILLION)
CHART 31 AMERICAS EV TRACTION MOTOR MARKET REVENUE, 2018-2024 ($MILLION)
CHART 32 AMERICAS EV TRACTION MOTOR MARKET REVENUE BY COUNTRY, 2018-2024 ($MILLION)
CHART 33 AMERICAS EV TRACTION MOTOR MARKET BY DISPLAY TYPE, 2018-2024 ($MILLION)
CHART 34 AMERICAS EV TRACTION MOTOR MARKET BY VEHICLE TYPE, 2018-2024 ($MILLION)
CHART 35 ROW EV TRACTON MOTOR MARKET REVENUE, 2018-2024 ($MILLION)
CHART 36 ROW EV TRACTION MOTOR MARKET BY MOTOR TYPE, 2018-2024 ($MILLION)
CHART 37 ROW EV TRACTION MOTOR MARKET BY VEHICLE TYPE, 2018-2024 ($MILLION)
CHART 38 PROVISION HOLDING, INC. COMPANY PROFILE: MARKET OUTLOOK
CHART 39 ZHONGSHAN BROAD-OCEAN MOTOR CO., LTD: KEY FINANCIALS
CHART 40 ZHONGSHAN BROAD-OCEAN MOTOR CO., LTD: SWOT ANALYSIS
CHART 41 REALFICTION COMPANY PROFILE: MARKET OUTLOOK
CHART 42 BORGWARNER INC.: KEY FINANCIALS
CHART 43 SWOT ANALYSIS
CHART 44 BORGWARNER INC.: GEOGRAPHIC REVENUE
CHART 45 ROBERT BOSCH GMBH: MARKET OUTLOOK
CHART 46 ROBERT BOSCH GMBH: OPERATING SEGMENT REVENUE
CHART 47 ROBERT BOSCH GMBH.: PATENT OVERVIEW
CHART 48 ROBERT BOSCH GMBH: SWOT ANALYSIS
CHART 49 CONTINENTAL AG MARKET OUTLOOK
CHART 50 CONTINENTAL AG.: SWOT ANALYSIS
CHART 51 SIEMENS AG COMPANY PROFILE
CHART 52 SIEMENS AG: GEOGRAPHIC REVENUE
CHART 53 SIEMENS AG: SWOT ANALYSIS

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