Automotive Electric Motors for EV Market Size, Share and Forecast 2019-2026

SKU: DAT110 | Last Updated On: Sep 24 2019 | No. of Pages: 218 | Available Formats

In August 2019, Indonesia plans incentives to boost electric vehicle industry. Aiming to become a hub for Asia and beyond, Indonesia hopes companies will start EV production in 2022 and for the share of EV output to reach 20% of total car production by 2025.

Market Overview

The Global Automotive Electric Motors for EV market is expected to grow at a CAGR of 20% to reach a market value of USD XX million by 2026. Due to the rising demand for the Electric Vehicles all around the world will drive the future growth of the global automotive electric motor for EV market.

An electric motor is an electrical machine that converts electrical energy into mechanical energy. Most electric motors operate through the interaction between the motor's magnetic field and electric current in a wire winding to generate force in the form of rotation of a shaft. Electric motors can be powered by direct current (DC) sources, such as from batteries, motor vehicles or rectifiers, or by alternating current (AC) sources, such as a power grid, inverters or electrical generators. The motors are finding their application in the automotive sector to due to the Electric Vehicle rise, and they require motors for driving using battery.

 

The report covers all the major trends and drivers playing a key role in the growth of the Automotive Electric Motors for EV market.

Market Dynamics

The global Automotive Electric Motors for EV is primarily driven by rise in demand for vehicles running on alternative fuels such as EVs coupled with introduction of regulation pertaining to reducing carbon footprint and global warning will fuel growth in the global automotive electric motor for EV market during the forecast period.

 

According to International Energy Agency (IEA), in 2017, more than one Billion EVs were sold globally, with countries like Norway, China, and the US dominating the global EVs market in terms of market share.

 

With the stringent government rules and regulations with respect to vehicular emission will also boost the market for the Electric Vehicle market all around the world, which will further increase the market for the electric motors for the production of Electric Vehicles.

 

For Instance, Norway has become the world’s EV capital, thanks to generous purchase subsidies and other incentives. EVs are exempt from acquisition tax and from the country’s 25 percent value-added tax. They also enjoy privileged status on the roads, with exemptions from tolls, free ferry rides and, in some cities, free parking. Last year, pure electric cars accounted for over 20% of new registrations.

 

However, the shortage of EV charging stations has been hindering the adoption of these vehicles, which in turn, is expected to restrict the usage of electric motors for electric vehicles.

 

Market Segmentation

By Vehicle type, the global Automotive Electric Motors for EV market is segmented into Pure Electric Vehicles (PEV), Hybrid Electric Vehicles (HEV), Plug-In Hybrid Electric Vehicles (PHEV). In 2018, Plug-In Hybrid Electric Vehicles (PHEV) dominated the global Automotive Electric Motors for EV market and is expected to retain its dominance in the forecasted period, mainly due to major competitors in the market are launching PHEV with the environmental safety factors as well as features like external power source can be used for charging the cars’ battery. Unlike HEVs and PHEVs, BEVs does not have petrol engine, fuel tank or exhaust pipe and are fully electric vehicles with batteries which can be charged via charging stations and power outlet. It is expected that PHEV market will grow at a CAGR of ~XX% during the forecast period.

 

For instance, in February 2019, Audi has announced that they will release a whole new range of PHEVs based on existing cars at the upcoming Geneva Motor Show. The launch will be limited to Audi A8, A7 Sportback, A6 and Q5 models only. All of which will get two variant options, with variations to the performance and the equipment. Driving range from Audi’s 14.1 KwH battery rated to 385 Volts is expected to be 40 kms according to the more stringent WLTP cycle.

 

By Motor, the global Automotive Electric Motors for EV market is segmented into AC Motor and DC Motor. DC Motor has the dominant position in the Automotive Electric Motors for EV market due to following advantages higher speed ranges, noiseless operation, faster dynamic response, better speed versus torque characteristics and others. However, AC motor market will be rising with double digit growth rate due the reason that AC electric car motors generate favorable torque, thus helping the transmission to last longer and have low cost than DC motor with permanent magnet.

Geographical Analysis

By geography, the global Automotive Electric Motors for EV market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and Middle East and Africa (MEA).

 

Europe holds the largest market share for Automotive Electric Motors for EV due to Several laws and regulations have been enacted by countries to monitor vehicular emission. Many countries have adopted previous versions of European or United Nations Economic Commission for Europe (“UN-ECE”) mobile source emission regulations. Some countries have adopted more advanced regulations based on the most recent version of the European regulations. BEVs and PHEVs are primarily powered by batteries. Various countries are taking initiatives in direction of lowering global warming. And with continuous rise in infrastructure for charging stations for EV in Europe will also boost the market for the forecast period.

 

Europe is ahead of its stated policy goal of one charging station per 10 electric vehicles, but the number of charging points will have to rise quickly to keep up with an EV fleet that BloombergNEF projects to reach more than 30 million by 2030. The continent will add its 200,000th point this year, and the number of EVs is expected to reach 2 million next year. Germany, the Netherlands, France and the U.K. lead in EV infrastructure, accounting for 66 percent of charging points and 60 percent of the increase in stations since 2014.

 

North America is after Europe in terms of market share of Automotive Electric Motors for EV due to the rise in awareness among the people in the region for the environmental safety and also the stringent regulation by the government will grow market for EVs, hence boosting the market for the Electric motors for EV.

Competitive Analysis

Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Global Automotive Electric Motors for EV is a competitive market with the presence of various global and regional players in the market.

 

The major players Denso, Mitsubishi Electric, Emerson Electric Company, Baldor Electric Company, and Hitachi Automotive Systems. Other key players in the market include Siemens Ag, Yasakawa Electric, Robert Bosch Gmbh, Toshiba Corporation, and Magna International.

 

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  1. Automotive Electric Motors for EV Market Methodology and Scope

    1. Research Methodology

    2. Research Objective and Scope of the Report

  2. Automotive Electric Motors for EV Market– Definition and Overview

  3. Automotive Electric Motors for EV Market– Executive Summary

    1. Market Snippet by Vehicle Type

    2. Market Snippet by Motor

    3. Market Snippet by Application

    4. Market Snippet by Region

  4. Automotive Electric Motors for EV Market–Dynamics

    1. Market Impacting Factors

      1. Drivers

        1. Growing Demand from the Energy Sector

      2. Restraints

        1. High price of Automotive Electric Motors for EV

  5. Automotive Electric Motors for EV Market– Industry Analysis

    1. Porter's Five Forces Analysis

    2. Supply Chain Analysis

    3. Opportunity

    4. Impact Analysis

  6. Automotive Electric Motors for EV Market– By Vehicle Type

    1. Introduction

      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type

      2. Market Attractiveness Index, By Vehicle Type

    2. Pure Electric Vehicles (PEV)*

      1. Introduction

      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)

    3. Hybrid Electric Vehicles (HEV)

    4. Plug-In Hybrid Electric Vehicles (PHEV)

  7. Automotive Electric Motors for EV Market– By Motor

    1. Introduction

      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Motor

      2. Market Attractiveness Index, By Motor

    2. AC Motor*

      1. Introduction

      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)

    3. DC Motor

  8. Automotive Electric Motors for EV Market– By Application

    1. Introduction

      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

      2. Market Attractiveness Index, By Application

    2. Passenger Vehicles*

      1. Introduction

      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)

    3. Commercial Vehicles

  9. Automotive Electric Motors for EV Market– By Region

    1. Introduction

      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region

      2. Market Attractiveness Index, By Region

    2. North America

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type

      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Motor

      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

        1. U.S.

        2. Canada

        3. Mexico

    3. Europe

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type

      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Motor

      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

        1. Germany

        2. U.K.

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

    4. South America

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type

      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Motor

      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

        1. Brazil

        2. Argentina

        3. Rest of South America

    5. Asia Pacific

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type

      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Motor

      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

        1. China

        2. India

        3. Japan

        4. Australia

        5. Rest of Asia Pacific

    6. Middle East and Africa

      1. Introduction

      2. Key Region-Specific Dynamics

      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Vehicle Type

      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Motor

      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

  10. Automotive Electric Motors for EV Market – Competitive Landscape

    1. Competitive Scenario

    2. Market Positioning/Share Analysis

    3. Mergers and Acquisitions Analysis

  11. Automotive Electric Motors for EV Market – Company Profiles

    1. Denso*

      1. Company Overview

      2. Raw Material Portfolio and Description

      3. Key Highlights

      4. Financial Overview

    2. Mitsubishi Electric

    3. Emerson Electric Company

    4. Baldor Electric Company

    5. Hitachi Automotive Systems

    6. Siemens Ag

    7. Yasakawa Electric

    8. Robert Bosch Gmbh

    9. Toshiba Corporation

    10. Magna International

  12. Automotive Electric Motors for EV Market – Premium Insights

  13. Automotive Electric Motors for EV Market – DataM

    1. Appendix

    2. About Us and Services

    3. Contact Us

List of Tables

Table 1 Global Automotive Electric Motor for EV Market Value, By Vehicle Type, 2018,2022 & 2026 ($ Million)

Table 2 Global Automotive Electric Motor for EV Market Value, By Motor, 2018,2022 & 2026 ($ Million)

Table 3 Global Automotive Electric Motor for EV Market Value, By Application, 2018,2022 & 2026 ($ Million)

Table 4 Global Automotive Electric Motor for EV Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 5 Global Automotive Electric Motor for EV Market Value, By Vehicle Type, 2018,2022 & 2026 ($ Million)

Table 6 Global Automotive Electric Motor for EV Market Value, By Vehicle Type, 2017-2026 ($ Million)

Table 7 Global Automotive Electric Motor for EV Market Value, By Motor, 2018,2022 & 2026 ($ Million)

Table 8 Global Automotive Electric Motor for EV Market Value, By Motor, 2017-2026 ($ Million)

Table 9 Global Automotive Electric Motor for EV Market Value, By Application, 2018,2022 & 2026 ($ Million)

Table 10 Global Automotive Electric Motor for EV Market Value, By Application, 2017-2026 ($ Million)

Table 11 Global Automotive Electric Motor for EV Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 12 Global Automotive Electric Motor for EV Market Value, By Region, 2017-2026 ($ Million)

Table 13 North America Automotive Electric Motor for EV Market Value, By Vehicle Type, 2017-2026 ($ Million)

Table 14 North America Automotive Electric Motor for EV Market Value, By Motor, 2017-2026 ($ Million)

Table 15 North America Automotive Electric Motor for EV Market Value, By Application, 2017-2026 ($ Million)

Table 16 North America Automotive Electric Motor for EV Market Value, By Country, 2017-2026 ($ Million)

Table 17 South America Automotive Electric Motor for EV Market Value, By Vehicle Type, 2017-2026 ($ Million)

Table 18 South America Automotive Electric Motor for EV Market Value, By Motor, 2017-2026 ($ Million)

Table 19 South America Automotive Electric Motor for EV Market Value, By Application, 2017-2026 ($ Million)

Table 20 South America Automotive Electric Motor for EV Market Value, By Country, 2017-2026 ($ Million)

Table 21 Europe Automotive Electric Motor for EV Market Value, By Vehicle Type, 2017-2026 ($ Million)

Table 22 Europe Automotive Electric Motor for EV Market Value, By Motor, 2017-2026 ($ Million)

Table 23 Europe Automotive Electric Motor for EV Market Value, By Application, 2017-2026 ($ Million)

Table 24 Europe Automotive Electric Motor for EV Market Value, By Country, 2017-2026 ($ Million)

Table 25 Asia-Pacific Automotive Electric Motor for EV Market Value, By Vehicle Type, 2017-2026 ($ Million)

Table 26 Asia-Pacific Automotive Electric Motor for EV Market Value, By Motor, 2017-2026 ($ Million)

Table 27 Asia-Pacific Automotive Electric Motor for EV Market Value, By Application, 2017-2026 ($ Million)

Table 28 Asia-Pacific Automotive Electric Motor for EV Market Value, By Country, 2017-2026 ($ Million)

Table 29 Middle East & Africa Automotive Electric Motor for EV Market Value, By Vehicle Type, 2017-2026 ($ Million)

Table 30 Middle East & Africa Automotive Electric Motor for EV Market Value, By Motor, 2017-2026 ($ Million)

Table 31 Middle East & Africa Automotive Electric Motor for EV Market Value, By Application, 2017-2026 ($ Million)

Table 32 Denso: Overview

Table 33 Denso: Product Portfolio

Table 34 Denso: Key Developments

Table 35 Mitsubishi Electric: Overview

Table 36 Mitsubishi Electric: Product Portfolio

Table 37 Mitsubishi Electric: Key Developments

Table 38 Emerson Electric Company: Overview

Table 39 Emerson Electric Company: Product Portfolio

Table 40 Emerson Electric Company: Key Developments

Table 41 Baldor Electric Company: Overview

Table 42 Baldor Electric Company: Product Portfolio

Table 43 Baldor Electric Company: Key Developments

Table 44 Hitachi Automotive Systems: Overview

Table 45 Hitachi Automotive Systems: Product Portfolio

Table 46 Hitachi Automotive Systems: Key Developments

Table 47 Siemens Ag: Overview

Table 48 Siemens Ag: Product Portfolio

Table 49 Siemens Ag: Key Developments

Table 50 Yasakawa Electric: Overview

Table 51 Yasakawa Electric: Product Portfolio

Table 52 Yasakawa Electric: Key Developments

Table 53 Robert Bosch Gmbh: Overview

Table 54 Robert Bosch Gmbh: Product Portfolio

Table 55 Robert Bosch Gmbh: Key Developments

Table 56 Toshiba Corporation: Overview

Table 57 Toshiba Corporation: Product Portfolio

Table 58 Toshiba Corporation: Key Developments

Table 59 Magna International: Overview

Table 60 Magna International: Product Portfolio

Table 61 Magna International: Key Developments

List of Figures

Figure 1 Global Automotive Electric Motor for EV Market Share, By Vehicle Type, 2018 & 2026 (%)

Figure 2 Global Automotive Electric Motor for EV Market Share, By Motor, 2018 & 2026 (%)

Figure 3 Global Automotive Electric Motor for EV Market Share, By Application, 2018 & 2026 (%)

Figure 4 Global Automotive Electric Motor for EV Market Share, By Region, 2018 & 2026 (%)

Figure 5 Global Automotive Electric Motor for EV Market Value, 2017-2026 ($ Million)

Figure 6 Global Automotive Electric Motor for EV Market Y-o-Y Growth, By Vehicle Type, 2018-2026 (%)

Figure 7 Pure Electric Vehicles (PEV): Global Automotive Electric Motor for EV Market Value, 2017-2026 ($ Million)

Figure 8 Hybrid Electric Vehicles (HEV): Global Automotive Electric Motor for EV Market Value, 2017-2026 ($ Million)

Figure 9 Plug-In Hybrid Electric Vehicles (PHEV): Global Automotive Electric Motor for EV Market Value, 2017-2026 ($ Million)

Figure 10 Global Automotive Electric Motor for EV Market Y-o-Y Growth, By Motor, 2018-2026 (%)

Figure 11 AC Motor: Global Automotive Electric Motor for EV Market Value, 2017-2026 ($ Million)

Figure 12 DC Motor: Global Automotive Electric Motor for EV Market Value, 2017-2026 ($ Million)

Figure 13 Global Automotive Electric Motor for EV Market Y-o-Y Growth, By Application, 2018-2026 (%)

Figure 14 Passenger Vehicles: Global Automotive Electric Motor for EV Market Value, 2017-2026 ($ Million)

Figure 15 Commercial Vehicles: Global Automotive Electric Motor for EV Market Value, 2017-2026 ($ Million)

Figure 16 Global Automotive Electric Motor for EV Market Y-o-Y Growth, By Region, 2018-2026 (%)

Figure 17 North America Automotive Electric Motor for EV Market Value, 2017-2026 ($ Million)

Figure 18 North America Automotive Electric Motor for EV Market Share, By Vehicle Type, 2018 & 2026 (%)

Figure 19 North America Automotive Electric Motor for EV Market Share, By Motor, 2018 & 2026 (%)

Figure 20 North America Automotive Electric Motor for EV Market Share, By Application, 2018 & 2026 (%)

Figure 21 North America Automotive Electric Motor for EV Market Share, By Country, 2018 & 2026 (%)

Figure 22 South America Automotive Electric Motor for EV Market Value, 2017-2026 ($ Million)

Figure 23 South America Automotive Electric Motor for EV Market Share, By Vehicle Type, 2018 & 2026 (%)

Figure 24 South America Automotive Electric Motor for EV Market Share, By Motor, 2018 & 2026 (%)

Figure 25 South America Automotive Electric Motor for EV Market Share, By Application, 2018 & 2026 (%)

Figure 26 South America Automotive Electric Motor for EV Market Share, By Country, 2018 & 2026 (%)

Figure 27 Europe Automotive Electric Motor for EV Market Value, 2017-2026 ($ Million)

Figure 28 Europe Automotive Electric Motor for EV Market Share, By Vehicle Type, 2018 & 2026 (%)

Figure 29 Europe Automotive Electric Motor for EV Market Share, By Motor, 2018 & 2026 (%)

Figure 30 Europe Automotive Electric Motor for EV Market Share, By Application, 2018 & 2026 (%)

Figure 31 Europe Automotive Electric Motor for EV Market Share, By Country, 2018 & 2026 (%)

Figure 32 Asia-Pacific Automotive Electric Motor for EV Market Value, 2017-2026 ($ Million)

Figure 33 Asia-Pacific Automotive Electric Motor for EV Market Share, By Vehicle Type, 2018 & 2026 (%)

Figure 34 Asia-Pacific Automotive Electric Motor for EV Market Share, By Motor, 2018 & 2026 (%)

Figure 35 Asia-Pacific Automotive Electric Motor for EV Market Share, By Application, 2018 & 2026 (%)

Figure 36 Asia-Pacific Automotive Electric Motor for EV Market Share, By Country, 2018 & 2026 (%)

Figure 37 Middle East & Africa Automotive Electric Motor for EV Market Value, 2017-2026 ($ Million)

Figure 38 Middle East & Africa Automotive Electric Motor for EV Market Share, By Vehicle Type, 2018 & 2026 (%)

Figure 39 Middle East & Africa Automotive Electric Motor for EV Market Share, By Motor, 2018 & 2026 (%)

Figure 40 Middle East & Africa Automotive Electric Motor for EV Market Share, By Application, 2018 & 2026 (%)

Figure 41 Denso: Financials

Figure 42 Mitsubishi Electric: Financials

Figure 43 Emerson Electric Company: Financials

Figure 44 Baldor Electric Company: Financials

Figure 45 Hitachi Automotive Systems: Financials

Figure 46 Siemens Ag: Financials

Figure 47 Yasakawa Electric: Financials

Figure 48 Robert Bosch Gmbh: Financials

Figure 49 Toshiba Corporation: Financials

Figure 50 Magna International: Financials

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