Market Snapshot:
Automotive Electric Motors is a device that converts electrical energy into mechanical energy. Most electric motors generate force in the form of torque applied to the motor's shaft by interacting between the magnetic field of the motor and the electric current in a wire winding. Mechanically, an electric generator is identical to an electric motor, but it operates with a reversed flow of power, converting mechanical energy into electrical energy. Direct current (DC) sources, such as batteries or rectifiers, or alternating current (AC) sources, such as a power grid, inverters, or electrical generators, can power electric motors. Electric motors are classified based on factors such as power source type, construction, application, and motion output type. They can be powered by alternating current or direct current, brushed or brushless, single-phase, two-phase, or three-phase, axial or radial flux, and air-or liquid-cooled.
Highlights from Automotive Electric Motors Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Manufacturers profiled in the report are Robert Bosch GmbH (Germany), Chengdu Huachuan Electric Parts Co.,Ltd. (China), Chongqing Bright Industry Group Co., Ltd. (China), Hubei Shendian Auto Motor Co., Ltd. (China), Jinzhou Halla Electrical Equipment Co., Ltd. (China), Johnson Electric International AG (Hong Kong), Mitsubishi Electric Corporation (Japan), Shanghai Valeo Automotive Electrical Systems Co., Ltd. (China), Shanghai Valeo Automotive Motor & Wiper Systems Co., Ltd. (China) and Taizhou ValeoWenling Automotive Systems Co., Ltd. (China). Additionally, other players that are part of this comprehensive study are Nidec Corporation (Japan), Siemens AG (Germany) and Continental AG (Germany).
Geographic Breakdown and Segment Analysis
The Global Automotive Electric Motors market presents a comprehensive analysis of the Automotive Electric Motors market by product type (DC Series Motor, Permanent Magnet Synchronous Motor, Induction Motor, Three Phase AC Induction Motor and Switched Reluctance Motors), by end-user/application (Passenger Cars and Commercial Vehicles), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Automotive Electric Motors industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Automotive Electric Motors market
Analyst at AMA have segmented the market study of Global Automotive Electric Motors market by Type, Application and Region.
Influencing Trend:
Availability of Innovative Features such as LED Light Battery Indicator which Shows the Percentage Battery
Market Growth Drivers:
Provide Insights about Factors Affecting the Market Growth and Factor of Rising Adoption of Electric Vehicles across the Globe
Challenges:
Market Penetration across New Regions
Restraints:
Lack of Awareness, High-Cost Expenses and Demand for Automotive Hardware Has Increased Dramatically
Opportunities:
Rising Technological Developments of Automotive Electric Motors
Market Developments Activities:
On 21st June 2022, Bosch intends to acquire the MoTeC Group, based in Melbourne, Australia. MoTeC provides a diverse range of motorsports technology to the customer racing market. The company specializes in the development, manufacture, and distribution of motorsport technology for teams in a variety of racing series and is well-established in this market.
On 5th June 2022, PMV Electric intends to introduce its first micro-electric vehicle, the EaS-E, in India. This EV is expected to cost around Rs 4 lakh ex-showroom and has a driving range of up to 200 kilometers per charge.
Regulatory Insights:
The standardization of road vehicles is based on several international, regional, and national regulations and directives. The main requirement is that cars adhere to the UNECE (United Nations Economic Commission for Europe) rules as defined by its World Forum for Harmonization of Vehicle Regulations (UNECE WP.29). The majority of countries recognize the UNECE regulations and incorporate them into their national requirements. Many of these are for equipment that is powered by electrical or electronic systems.
The global automotive electric motor market for EVs is a highly competitive market with numerous global and regional players. Denso, Mitsubishi Electric, Emerson Electric Company, Baldor Electric Company, and Hitachi Automotive Systems are among the key players. Other major players: Siemens AG, Yaskawa Electric, Robert Bosch GmbH, Toshiba Corporation, and Magna International are among the market's other major players. Product diversification, revenue generation, and new opportunities all contribute to increased market competition. To differentiate themselves as strong market competitors, key players are implementing strategies such as R&D investment, new product launches, and distribution channel expansion.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Automotive Electric Motors Manufacturers, Automotive Electric Motors Suppliers & Distributors, Government Bodies, End-Users and Others