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Electric Motors Market Recent Trends,Market Growth,Top Manufacturers Analysis,Business Opportunities and Demand

Author : Ronak Bora | Published Date : 2020-09-14 

The electric motors market in transportation sector is poised to gain immense momentum over the approaching years owing to the ongoing technological advancements and rising consumer shift in the automotive industry towards electric vehicles. Electric motor is the electro-mechanical machine converting the electrical energy into mechanical energy. The working principle of electric motor is mainly dependent on the interplay of electric and magnetic field.

These motors contain far fewer moving parts as compared to conventional internal combustion engines, making them much more reliable as the number of potential fault points are reduced from approximately 2000 in ICE to about 20 in electric motors.

The electric motor is generally classified into two types, the AC and the DC motor. As an input, the AC motor takes alternating current while the DC motor takes in direct current. An electric motor plays an essential role in every sector of the industry, in transportation sector it is used in automotive, aerospace, and railways among others.

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With growing application scope, DC motors are now meeting an extensive range of capabilities. Currently automakers utilize three different kinds of electric motors in green cars, namely AC induction motor, brushed DC motor, and brushless DC (BLDC) motors. Among these, the BLDC motor is utilized in hybrid vehicles. Vehicle manufacturers generally prefer these motors over the others since their peak point efficiency is high and cooling of rotor is simpler.

As a result, green car manufacturers and entities such as NASA generally choose brushless DC motors owing to their rapid motor responses.

The electric motors market in transportation sector is segmented in terms of motor, end-use, and regional landscape.

With respect to motors, the electric motors market in transportation sector is classified into small DC motors for railways and aerospace applications, small DC motors for automotive, and traction motors. Among these, small DC motors for automotive is expected to grow with a CAGR more than 4.5% over the forecast timeframe. DC motors are extensively used in electric vehicles owing to their durability and energy efficiency. Some of the other features that makes adoption of small DC motors more feasible include low price, high reliability, speed control and speed variability, and high quality. These features will drive the demand for small DC motors in automotive industry.

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Small DC motors for railways and aerospace applications will witness sluggish growth with a CAGR of more than 2.5% over the projected time period.

In terms of end-use, the overall electric motors market in transportation sector is categorized into aftermarket and OEM. Aftermarket garnered a volume share of over 20% in 2019 and would likely register appreciable growth through the analysis period.

From a regional frame of reference, Middle East & Africa recorded a revenue around $1.1 billion in 2019 and is likely to witness remunerative growth. in fact, assessing the potential business opportunities in the region, in October of 2019 General Motors, the largest US car maker, announced that it would promote more of the company's EV product portfolio across Middle East and Africa.

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Report Content

Chapter 1    Methodology & Scope

1.1. Market definitions

1.2. Base estimates & working

1.2.1.   North America

1.2.2.   Europe

1.2.3.   APAC

1.2.4.   LATAM

1.2.5.   MEA

1.3. Forecast calculation

1.3.1.   COVID-19 impact calculations on industry forecast

1.4. Data sources

1.4.1.   Primary

1.4.2.   Secondary    Paid sources    Public sources

Chapter 2    Executive Summary

2.1    Electric motors industry 3600 synopsis, 2016 – 2026

2.1.1    Business trends

2.1.2    Product trends

2.1.3    End-use trends

2.1.4    Regional trends

Chapter 3    Electric Motors In Transportation Sector Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2016 – 2026

3.2.1.    COVID-19 impact on industry landscape

3.3    Industry ecosystem analysis

3.3.1    Component suppliers

3.3.2    Manufacturers

3.3.3    System integrators

3.3.4    Profit margin analysis

3.3.3.    Value chain disruption analysis (COVID-19 impact)

3.3.5    Distribution channel analysis

3.4    Pricing analysis

3.4.1    By region   North America   Europe   LATAM   APAC   MEA

3.4.2    Pricing parameters

3.4.3    Profit margin points

3.4.4    Penetration pricing

3.4.5    Pricing insights

3.4.6.    COVID-19 effect on pricing  North America  Europe  APAC  LATAM  MEA

3.5    Cost structure analysis

3.5.1    Variable costs

3.5.2    Fixed costs

3.5.3    Comparison with peers

3.5.4    Key insights by industry experts

3.6    Technology landscape

3.6.1    Production methods

3.6.2    Key insights   Permanent magnetic motors   Switched reluctance motors   Piezoelectric motors

3.7    Regulatory landscape

3.7.1    U.S.   National Electrical Manufacturers Association (NEMA) motor efficiency standards   International electrotechnical commission (IEC)

3.7.2    EU   Minimum energy efficiency standard (MEPS)   Zero emission vehicles (ZEV)

3.7.3    China   China Energy Labels for motors

3.7.4    India   Super-efficient equipment & appliance deployment

3.7.5    Summary of key policy measures and attributes

3.8    Industry impact forces

3.8.1    Growth drivers   North America    Adaptation of electric motors in passenger cars and commercial vehicles.    Increasing penetration of electric motors in consumer goods   Europe    Rising adoption of electric vehicles    Favourable regulatory landscape   Asia Pacific    Electric motors demand in green vehicles    Increasing sales of hybrid vehicles   Latin America    High usage in varied applications   Middle East & Africa    Growth of electronics industry

3.8.2    Industry challenges and pitfalls   Operation and supply chain issues   Probability of product failure

3.9    Electric vehicle Production statistics

3.9.1    PHEV

3.9.2    EV

3.9.3    OEMs announcements on electric car ambitions

3.10  Innovation & sustainability

3.10.1    Key insights

3.11  Growth potential analysis

3.12  Porter’s analysis

3.13  PESTEL analysis

3.14  Competitive landscape, 2019

3.14.1    Current & future competitors

3.14.2    Company market share, 2019

3.14.3    Strategy dashboard Acquisition targets Opportunities for patent monetization/licensing

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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