DUBLIN—Research and Markets has announced the addition of the "Global Automotive Electric Motors for EV Market - Forecasts and Trends (2015 - 2020)" report to their offering.
The market for electric motor of hybrid and electric vehicle is expected to reach $19 billion by the end of 2020. The global market for Electric Motors is projected to reach US$121 billion by 2020, driven by the growing global activity in the electric vehicle industry. There are a lot of electric motors out there, but the majority of the motors used in electric cars are: the series wound DC motor, the permanent magnet motor, and the 3-phase AC motor. AC electric motor is more popular than DC electric motor.
The market for electric motors would be significantly driven by the widespread adoption of electric vehicles among people in various countries. Integrating of motors has been increasing with an increase in the number of motor manufacturers making motors with integral controls and integral gearing.
The highly efficient motors, also known as premium efficiency motors, are gaining importance over standard motors due to their varied benefits such as longer operating life, low energy consumption, low maintenance, and tolerance for fluctuating voltages, etc. Low energy consumption is an advantage of energy efficient motors over standard motors.
Thereby, the environmental advantages offered by these motors makes it acceptable in electric vehicles. The use of premium motors increases the efficiency of the application by approximately 20% as compared to standard motors, which in-turn saves the cost of energy consumed. The need for improved efficiency and low power consumption would continue to generate demand for high efficiency electric motors.
Companies Mentioned:
- Allied Motions Technologies
- Ametek Inc
- Arc Systems
- Baldor Electric
- Bosch
- Denso
- Emerson Electric Co.
- Faulhaber Group
- Johnson Electric Holding
- Maxon Motor Ag
- Siemens Ag
- Toshiba
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview And Technology Trends
6. Automotive Electric Motors For Electric Vehicles Market, By Vehicle Type
7. Automotive Electric Motors For Electric Vehicles Market, By Motor Type
8. Automotive Electric Motors For Electric Vehicles Market, By Application
9. Automotive Electric Motors For Electric Vehicles Market- By Geography - Regional Share And Forecasts
10. Competitive Landscape
11. Key Vendor Analysis
12. Future Outlook Of The Market
For more information visit http://www.researchandmarkets.com/research/4mv2mw/global_automotive
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Sector: Electric and Hybrid Vehicles, Motors