Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electrical energy into mechanical energy.
PORTLAND, OR, UNITED STATES, October 6, 2021 /EINPresswire.com/ – The electric vehicle motor is an electromechanical device used to power electric vehicles by converting electrical energy into mechanical energy. This phenomenon is obtained by the interaction of the magnetic field and the current of electric motors. The electric vehicle motor includes bearings, end bracket, frame, cooling frame, rotor, and stator. The electric motor vehicle market is expected to experience lucrative growth during the forecast period owing to the increase in the number of electric vehicles which is due to its advantages such as zero emission, low maintenance cost, high efficiency. and automated control. These motors are applicable in two-wheelers which are integrated into one or more electric motors; while passenger vehicles and utility vehicles are integrated with two or more electric motors depending on the size and application of the vehicles.
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Companies covered by this report study: Honda Motor, Toyota Motor, Tesla Motors, Ford Motor, Nissan Motor, Continental AG, Ametek Incorporation, Siemens AG, Baldor Electric Company, Allied Motion Technology, ARC Systems Incorporation
The key factors driving the electric vehicle motor market are the growth of the electric vehicle industry and the increase in government rules and regulations regarding vehicle emissions. However, the high initial cost of the electric motor and the high maintenance costs associated with the electric motor are holding back the growth of the market. Moreover, apart from these challenges, advancements in technologies, such as manufacturing of energy efficient motors, are expected to drive the market growth in the near future. In addition, the increase in government initiatives related to electric vehicles is expected to provide various opportunities for the market growth.
Market segmentation is based on type, type of vehicle and geography. Depending on the type, it is classified into alternating current (AC) motor, (synchronous AC motor and AC induction motor) and direct current (DC) motor (brushed DC motor, brushless DC motor and hermetic motor). On the basis of the type of vehicle, it is classified into two-wheelers, passenger cars and commercial vehicles. Geographically, it is analyzed in North America, Europe, Asia-Pacific and at LAMEA.
Key segments of the electric vehicle engines market:
• Alternating current (AC) motor
o Synchronous AC motor
o AC induction motor
• Direct current (DC) motor
o Brushed DC motor
o Brushless DC motor
o Hermetic motor
• Two wheels
• Commercial vehicles
• Passenger cars
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• This report provides an in-depth and quantitative analysis of current and emerging market trends, future estimates and market dynamics of Electric Vehicles, which help in identifying existing market opportunities.
• In-depth analysis is performed by constructing market estimates for key market segments from 2017 to 2023.
• Industry competitive intelligence helps to understand the competitive scenario across geographies.
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