Westford, USA, Aug. 04, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest, the development in electric vehicle production technology and the increasing emphasis on renewable energy sources have emerged as significant drivers for the surging demand for electric vehicles (EVs). The adoption of EVs has become a pivotal solution in the automotive motor market as the world seeks to reduce its dependency on fossil fuels and combat pressing issues such as global warming and environmental pollution.
Browse in-depth TOC on the "Automotive Motor Market"
- Pages - 165
- Tables - 122
- Figures – 77
Get sample copy of this report:
https://www.skyquestt.com/sample-request/automotive-motor-market
Recent advancements in designing high-efficiency and compact motors have opened up new opportunities in the automotive motor market. These modern motors are more powerful and efficient and significantly smaller in size, allowing for more versatile and space-saving applications in vehicles. As a result, they find extensive use in various automotive components, including seat cooling fans, engine cooling fans, power windows, power steering systems, and safety fittings.
Prominent Players in the Automotive Motor Market
- Nidec Corporation
- Siemens AG
- Robert Bosch GmbH
- Denso Corporation
- Mitsubishi Electric Corporation
- Johnson Electric Holdings Limited
- Valeo S.A.
- BorgWarner Inc.
- Mahle GmbH
- Hitachi Automotive Systems, Ltd.
- Continental AG
- Magna International Inc.
- Aisin Seiki Co., Ltd.
- WEG Industries
- Hella GmbH & Co. KGaA
- Mitsuba Corporation
- ABB Ltd.
- Brose Fahrzeugteile GmbH & Co. KG
- Shanghai Electric Group Co., Ltd.
- Rheinmetall Automotive AG
Browse summary of the report and Complete Table of Contents (ToC):
https://www.skyquestt.com/report/automotive-motor-market
Brushed DC Motors Segment is Expected to Grow the Market Due to their Simple Drive Control Model
Brushed DC motors dominated the automotive motor market, primarily due to their simple drive control model and cost-effectiveness. These motors have gained popularity because of their easy installation process and ability to provide high power and speed to vehicles, making them suitable for various automotive applications.
The market in North America is projected to emerge as the second-largest region in the global automotive motor market. A key driving force behind this growth is prominent manufacturers' strong presence in Canada and the United States.
Traction Motor Segment is Expected to Dominate the Market Due to their High Efficiency
Traction motor segment is anticipated to witness rapid growth over the forecast period in the automotive motor market. These motors are primarily employed in Hybrid Electric Vehicles (HEVs) and Battery Electric Vehicles (BEVs) owing to their high efficiency and low power consumption characteristics.
Regional markets in Europe are poised to be one of the key regional markets in the global automotive motor market, primarily due to the region's growing presence in the automotive sector. Europe has a long-established automotive industry with some of the world's most renowned manufacturers and suppliers.
A comprehensive analysis of the major players in the automotive motor market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
Key Developments in the Automotive Motor Market
- ZF Group made significant strides in electric mobility by introducing several innovative technologies in 2022. ZF unveiled a modular and scalable silicon carbide (SiC) inverter architecture among them. Based on the latest silicon carbide technologies, it offers customers maximum flexibility with voltage options ranging from 400V to 800V. This inverter architecture combines cutting-edge power semiconductors and intelligent software algorithms, drawing on ZF's extensive experience in electric drives.
- In 2022, a joint effort between BluE Nexus, Aisin, and Denso resulted in the development of advanced e-Axles for the all-new Toyota mid-size electric SUV, bZ4X. The co-developed e-Axles come in three different specifications: a 150 kW version for Front-Wheel Drive (FWD) applications installed at the front of the vehicle, and two 80 kW versions for Four-Wheel Drive (4WD) vehicles, with one each installed at the front and rear.
Speak to Analyst for your custom requirements:
https://www.skyquestt.com/speak-with-analyst/automotive-motor-market
Key Questions Answered in Automotive Motor Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market's future growth?
Related Reports in SkyQuest’s Library:
Global HEV/EV Power Inverter Market
Global Automotive Power Management IC (PMIC) Market
Global Automotive Drivetrain Market
Global Air Brake System Market
Global Automotive Wiring Harness Market
About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
Address:
1 Apache Way, Westford, Massachusetts 01886
Phone:
USA (+1) 617-230-0741
Email: sales@skyquestt.com
