Technavio
Announces the Publication of its Research Report Global
Electric Vehicle Motor Market 2018-2022
Technavio
recognizes the following companies as the key players in the global electric
vehicle motor market: Bosch, Continental, Delphi, DENSO, and Tesla
Commenting
on the report, an analyst from Technavios team said: The latest trend gaining
momentum in the market is OEMs focusing on connected EVs. The adoption rate of
EVs by end-users is mainly restricted due to range anxiety. Many OEMs have
started developing connectivity module, which will be a standard unit in EVs,
to alleviate the problem shortly.
Request For Free Sample
Report Available @ https://marketreportscenter.com/request-sample/573703
According
to the report, one of the major drivers for this market is increasing sales of
electric vehicles. EVs. Unlike the ICE-powered vehicles, the EVs significantly
reduce the air pollution as they do not emit harmful pollutants, such as
particulates, carbon monoxide, hydrocarbons, and volatile organic compounds.
The factors driving the demand for EVs are various benefits and perks provided
by the governments, increased awareness to curb the emission of greenhouse gas,
stringent carbon emission norms like reducing the average CO2 emission emitted
by the fleets of OEMs, increase in participation from the foreign as well as
the regional players for the development of EVs, and increased buyers' intent
to adopt EVs.
Further,
the report states that one of the major factors hindering the growth of this
market is High cost of batteries used in EVs. The high price of the battery in
the EVs is a big barrier to their wider adoption. Although the battery prices
had significantly declined by nearly 80% since 2010, the battery cost in the EV
still constitutes a significant portion of the total EV cost. As of 2016, the
projected pack cost of a battery was around $227/kWh, which means that a 60-kWh
battery (excluding additional systems like high voltage wiring, emotors,
inverters and on-board chargers) in an EV will be around $13,620.
The
study was conducted using an objective combination of primary and secondary
information including inputs from key participants in the industry. The report
contains a comprehensive market and vendor landscape in addition to a SWOT
analysis of the key vendors.
About Electric Vehicle Motor
Electric
motor in anEVis used to convert electrical energy into mechanical energy by the
interaction of magnetic field with current to power the vehicle. The use of
electric motors is on the rise owing to the growth in the market for new energy
vehicles (NEVs). These vehicles include hybrid, plug-in hybrid, pure EV, and
fuel cell vehicles that use alternative renewable energy sources.
Technavios
analysts forecast the global electric vehicle motor market to grow at a CAGR of
20.79 % during the period 2018-2022.
Complete Report with
TOC Available @ https://marketreportscenter.com/reports/573703/global-electric-vehicle-motor-market-2018-2022
Covered in this report
The
report covers the present scenario and the growth prospects of the global
electric vehicle motor market for 2018-2022. To calculate the market size, the
report considers the revenue generated from the sales of electric vehicle
motor.
The market is divided into the
following segments based on geography:
·
Americas
·
APAC
·
EMEA
Technavio's
report, Global Electric Vehicle Motor Market 2018-2022, has been prepared based
on an in-depth market analysis with inputs from industry experts. The report
covers the market landscape and its growth prospects over the coming years. The
report also includes a discussion of the key vendors operating in this market.
Key vendors
·
Bosch
·
Continental
·
Delphi
·
DENSO
·
Tesla
Market driver
·
Increasing sales of electric vehicles
·
For a full, detailed list, view our
report
Market challenge
·
High cost of batteries used in EVs
·
For a full, detailed list, view our
report
Market trend
·
OEMs focusing on connected EVs
·
For a full, detailed list, view our
report
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