Press release
Electric Vehicle Motor Market : Global Opportunity Analysis and Industry Forecast, 2021-2031
The global electric vehicle motor market was valued at USD 5.5 billion in 2021 and is projected to reach USD 34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031. The global electric vehicle motor market is growing as a result of rising demand for electric vehicles and tight government safety regulations placed on the automotive industry. But what's limiting the market's growth is high production expenses. The range of applications utilizing electric motors is another factor predicted to offer growth opportunities over the forecast period.
View Full Report:
https://reports.valuates.com/reports/ALLI-Manu-3W81/electric-vehicle-motor
Electric Vehicle Motor Market Trends
A significant increase in worldwide concern over the negative consequences of climate change and alarming pollution levels in major cities has led to a significant increase in the demand for electric vehicles. The electric vehicle motor market is anticipated to expand as a result of this factor. The demand for fuel-efficient automobiles has increased as a result of recent rises in the price of gasoline and diesel. The depletion of fossil fuel resources and an increase in firms' desire to maximize profit from these oil assets are both driving increased demand. As a result, there is an increasing need for electric motors and highly fuel-efficient technologies, as well as an increase in the number of people who use electric vehicles for transportation. Traction motors are commonly seen in electric vehicles.
As a result of technological advancements in electric cars, the electric vehicle motor market is predicted to expand. It's anticipated that major companies will increase their R&D expenditures on cutting-edge automotive technology like artificial intelligence (AI), connected automobiles, car batteries, and quick charging.
The implementation of safety regulations by the government, such as those requiring power windows, airbags, and anti-lock brake systems (ABS) in every vehicle, has a positive effect on the automotive industry. These regulations are reportedly followed more seriously in Europe and North America than in Asia-Pacific and the rest of the world. But by making keyless entry and anti-lock brake systems (ABS) standards in cars, OEMs are assisting governments in developing countries in tightening safety standards, which is boosting sales of electric motors. These safety systems need independent motors to function effectively and communicate with other components of the vehicle in order to totally secure passengers. As a result, it is projected that as safety features become mandatory, demand for electric motors will rise, which in turn would drive the electric motor market
Electric Vehicle Motor Market Share Analysis
The global electric vehicle motor market was led by the AC motor segment in terms of revenue in 2021, and it is anticipated that this trend will hold throughout the forecast period.
INQUIRE FOR SAMPLE
https://reports.valuates.com/request/sample/ALLI-Manu-3W81/Electric_Vehicle_Motor_Market
By Company
Borgwarner Inc.,
Buhler Motor GmbH
Continental AG, Denso Corporation
Inteva Products, LLC,
Johnson Electric Holdings Limited,
Mabuchi Motor Co., Ltd,
Nidec Corporation,
Magna International Inc.,
Meritor, Inc.,
Mitsuba Corporation,
Robert Bosch GmbH
Segment by Type
AC Motor
DC Motor
Segment by Application
Passenger Cars
Commercial Vehicles
Segment by EV Type
Battery Electric Vehicle
Plugin Hybrid Vehicle
Hybrid Vehicle
Segment by Region
North America (United States, Canada)
Europe (Germany, France, UK, Italy, Russia)
Asia-Pacific (China, Japan, South Korea, Taiwan)
Southeast Asia (India)
Latin America (Mexico, Brazil)
SIMILAR REPORT
https://reports.valuates.com/market-reports/QYRE-Auto-26U9102/global-electric-power-steering-motor
https://reports.valuates.com/market-reports/QYRE-Auto-0W529/global-switched-reluctance-motors
https://reports.valuates.com/market-reports/QYRE-Auto-17C4377/global-axial-piston-hydraulic-motor
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Vehicle Motor Market : Global Opportunity Analysis and Industry Forecast, 2021-2031 here
News-ID: 3250185 • Views: …
More Releases from Valuates Reports
Classroom Management Systems Market Size, Worth, Revenue, Insights, Overview, Ou …
Classroom Management Systems Market:
The global Classroom Management Systems market size is expected to reach US$ 13410 million by 2029, growing at a CAGR of 14.0% from 2023 to 2029.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-1P6356/Global_Classroom_Management_Systems_Market_Insights_Forecast_to_2028
The classroom management systems market is significantly fragmented due to the presence of several international and regional players. Players in this classroom monitoring software market offer focus on differentiating their products mainly in terms of deployment and features. The…
Virtual Classroom Market Size to Grow USD USD 16020 Million by 2027 at a CAGR of …
Virtual Classroom Market
The global Virtual Classroom market size is projected to reach USD 16020 Million by 2027, from USD 8602.8 Million in 2020, at a CAGR of 9.2% during 2021-2027. Key drivers of the virtual classroom market include the rising adoption of augmented and virtual reality solutions in the corporate training and education sector. Continuous technological innovations in virtual classroom infrastructure and the increasing use of mobile applications will…
WiFi Access Point Market Size, Revenue, Insights, Overview, Outlook, Analysis
The global WiFi Access Point revenue was US$ 2975 million in 2022 and is forecast to a readjusted size of US$ 5584.2 million by 2029 with a CAGR of 9.3% during the review period (2023-2029).
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-11F16142/Global_and_India_WiFi_Access_Point_Market_Report_Forecast_2023_2029
WiFi Access Point is a networking device that allows easy access to the Internet over the air. Most access points look very similar to routers. An access point receives data by wired Ethernet,…
Industrial Ammonium Fluoride Market Research Report 2024 | Valuates Reports
White crystalline powder, easy to deliquesce, easy to dissolve in cold water, the solution is acidic, slightly soluble in ethanol, decomposes when heated or warm water, corrosive to glass, toxic, moisture-proof and sealed.
The global Industrial Ammonium Fluoride market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-4B8041/Global_Industrial_Ammonium_Fluoride_Market_Insights_and_Forecast_to_2028
North American market for…
More Releases for Vehicle
Connected Car Devices Industry Forecast to 2028 Global Market Analysis by Commun …
Connected car devices assist in monitoring vehicles and drivers. These devices update owners and fleet managers about the emissions, vehicle performance, vehicle maintenance, on-board diagnostics (OBD), pertaining to fuel economy index, etc. Also, it provides GPS tracking and real-time alerts. Increasing concerns and awareness regarding safety and high demand for advanced system and safety features in vehicles are driving the growth of the connected car devices market.
Sample PDF showcases the…
Steering Tie Rod Market Vehicle (Passenger car, Commercial vehicle, and Heavy-du …
A steering tie rod is an integral part of the steering mechanism in an automobile as it is a lean structural bar or rod which is used as a tie and it is capable of carrying only ductile loads. The rod tends to transmit a force from the rack gear to the steering knuckle, which enables the wheel to turn while the vehicle is moving. This tie rod comprises two…
Offshore AUV & ROV Market by ROV, High Capacity Electric Vehicle, Small Vehicle, …
This study report Global Offshore AUV & ROV Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies.
The report investigates and analyzes…
Automotive ABS and ESC Market Report 2018: Segmentation by Product (Three Channe …
Global Automotive ABS and ESC market research report provides company profile for Robert Bosch, TRW, Machino, Haldex, Aisin Seiki, Hitachi, Autoliv, Contenental, Delphi, Denso and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The…
Vehicle to Vehicle (V2V)/Vehicle to Infrastructure (V2I) Market expected to grow …
The V2V/V2I market has penetration into different technologies such as smart sensors, big data analytics and cloud computing. The smart sensors manage and control traffic on the roads by offering the drivers and passengers a plethora of advanced transport services aimed at improving driving efficiency and safety. Big data analytics aids the companies in understanding the user requirements and expectations thus bringing about relevant changes in the automotive developments. Vehicular…
Wheelchair Accessible Vehicle Market : by Vehicle Type - Large Size Vehicle, Med …
Researchmoz added Most up-to-date research on "2017 Global Wheelchair accessible vehicles Industry Report" to its huge collection of research reports.
This report is an essential reference for those who look for detailed information on global Wheelchair accessible vehicles market. The report covers data on national, regional, and global markets including historical and future trends for supply, demand, prices, trading, competition as well as global major vendors' information.
In addition…
