About Automotive Electric Engine
An engine is an energy producing machine. It converts the viable strength of the gas into warmness electricity and then into rotary motion. A car engine that produces electricity additionally runs on its very own power. Overall, the producers classify the engines in accordance to their diverse designs, constructions, and applications. An entire gasoline phone electric powered engine consists of a gas processor, a gasoline mobile phone stack, an air administration system, and a range of BoP elements allotted for the duration of the strength plant.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Automotive Electric Engine market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Nidec Corporation (Japan), Wolong (China), Siemens (Germany), Toshiba Corporation (Japan), WEG (Brazil), Regal Beloit Corporation (United States), Johnson Electric (China), TECO Electric & Machinery (Taiwan) and Hyosung Heavy Industries (South Korea) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Automotive Electric Engine market by and Region.
On the basis of geography, the market of Automotive Electric Engine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Ignition, the sub-segment i.e. Spark Ignition will boost the Automotive Electric Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Combustion, the sub-segment i.e. Internal Combustion (IC) will boost the Automotive Electric Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Arrangement of Cylinders , the sub-segment i.e. Inline will boost the Automotive Electric Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Accumulative Introduction of Environmentally Sustainable Automobile Products
Market Growth Drivers:
Rise in Demand for HVAC Systems in Residential, Commercial End-Users and Increasing Use of Electric Motors across Major Industries
Challenges:
Easy Availability of Low-Quality and Inexpensive Electric Engines
Restraints:
Low Maintenance Costs of Small Electric Motors Compared With the High Maintenance Costs of Small Internal Combustion Engines Helps Too and Less Capacity Means More Time To Get Up To Speed
Opportunities:
Growth and Expansion of Automotive Industry and Expanding Personal Disposable Income
Market Leaders and their expansionary development strategies
In October 2019, Nidec acquired OMRON Automotive Electronics Co. Ltd., and at the same time Nidec acquired another OMRON subsidiary, OMRON AUTOMOTIVE ELECTRONICS de Mexico, S. de R.L.., collectively the "Target Overseas Subsidiaries"
In February 2020, Nidec Corporation launched two new traction motor structures -- the 200 kW Ni200Ex and 50 kW Ni50Ex -- primarily based on the company’s authentic a hundred and fifty kW E-Axle fully built-in traction motor gadget with an electric powered motor, discount gearbox, and inverter.
Governments and cities have introduced regulations and incentives to accelerate the shift to sustainable mobility. Regulators worldwide are defining more stringent emissions targets. The European Union presented its “Fit for 55” program, which seeks to align climate, energy, land use, transport, and taxation policies to reduce net greenhouse gas emissions by at least 55% by 2030, and the Biden administration introduced a 50 percent electric vehicle (EV) target for 2030. Beyond such mandates, most governments are also offering EV subsidies.
Key Target Audience
Automotive Electric Engine Manufacturers, Automotive Electric Engine Distributors, Raw Material Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.