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2022 Update on Global EV Traction Motor Market

GLOBAL EV TRACTION MOTOR MARKET

Electric vehicles accounted for 4% of new passenger car sales in 2020 i.e. ~ 3.2 Million units. By 2025, this share is expected to go past 8% or 7.2 Million units. The internal combustion engine component manufacturers who are yet to diversify into e-powertrain manufacturing will be among the direct losers of this growth.

 

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MARKET DYNAMICS

The market push at the moment is in favor of permanent magnet synchronous motors (PMSM), due to relatively easy construction, cooling and packaging benefits.

 

VW will set up 8 MEB plants by 2022 with 2 of them based in China and 5 in Europe. This is to aggressively increase their BEV production capacity to supply EVs to Europe and China which accounts for 83% of their sales and also the MEB platforms to prospective OEM buyers such as Ford. All vehicles in the MEB platform will have a PMSM motor.

 

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GM’s strategy for EV implementation is to gather customer interest by increasing the choices available for the customers and developing infrastructure. The R&D budget allocation presently is more for EVs than ICE including batteries which is in sharp contrast compared to other OEMs and their promised volumes (VW Group, Daimler Group).GM launched the Ultium platform which will consist of 3 drive types- Rear Wheel Drive, Front Wheel Drive and All Wheel Drive. The platform will be based on PMSM motors

 

AC Induction motors are predominantly being manufactured in-house by Tesla in Fremont, California and in China. In 2022 the manufacture of this will start in Europe too at Germany.

 

GLOBAL EV TRACTION MOTOR MARKET SIZE AND FORECAST

 

The Global EV Traction Motor Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

 

COMPANY PROFILE

  • Siemens AG
  • Nidec Corporation
  • Hitachi Automotive Systems, Ltd.
  • Toshiba Corporation
  • Tesla Motors, Inc.
  • Toyota Industries Corporation
  • LG Electronics
  • Hyundai Mobis Co.,Ltd
  • Remy International (BorgWarner Inc)
  • Zhongshan Broad-ocean Motor Co., Ltd
  • BYD Co Ltd
  • Nissan Motors
  • Mahle Group

 

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THIS REPORT WILL ANSWER FOLLOWING QUESTIONS 

  1. What is the average cost per Global EV Traction Motor Market right now and how will it change in the next 5-6 years?
  2. Average cost to set up a Global EV Traction Motor Market in the US, Europe, China?
  3. How many Global EV Traction Motor Markets are manufactured per annum globally? Who are the sub-component suppliers in different regions?
  4. What is happening in the overall public, globally?
  5. Cost breakup of a  and key Global EV Traction Motor Market vendor selection criteria
  6. Where is the Global EV Traction Motor Market manufactured? What is the average margin per equipment?
  7. Market share of Global EV Traction Motor Market manufacturers and their upcoming products
  8. The most important planned Global EV Traction Motor Market  in next 2 years
  9. Details on network of major Global EV Traction Motor Market  and pricing plans
  10. Cost advantage for OEMs who manufacture Global EV Traction Motor Market  in-house
  11. 5 key predictions for next 5 years in Global EV Traction Motor Market
  12. Average B-2-B Global EV Traction Motor Market  price in all segments
  13. Latest trends in Global EV Traction Motor Market , by every market segment
  14. The market size (both volume and value) of the Global EV Traction Motor Market  in 2022-2027 and every year in between?
  15. Global production breakup of Global EV Traction Motor Market, by suppliers and their OEM relationship

 

Contact:

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Contact Person: Kunal Roy

Email: sales@mobilityforesights.com

Phone: +1-315-675-4056

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City: Bangalore

State: Karnataka

 

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