Market Overview:
The global new energy vehicle drive motor market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric and hybrid vehicles across the globe. In addition, government initiatives and regulations supporting the adoption of new energy vehicles are also contributing to the growth of this market. The global new energy vehicle drive motor market is segmented on the basis of type, application, and region. On the basis of type, it is divided into permanent magnet synchronous motors (PMSMs), direct current motors (DCMs), and induction motors (IMs). PMSMs are expected to lead this market duringthe forecast period owingto their high efficiencyand low maintenance requirements.
Product Definition:
A new energy vehicle drive motor is an electric motor used in new energy vehicles, such as electric cars and plug-in hybrids. They are important because they are what power the car and allow it to move.
Permanent Magnet Synchronous Motor:
PMSM is a type of electric motor that operates through the principle of magnetic attraction and repulsion between two permanent magnets. One of the key features associated with these motors is their ability to provide high torque at low speeds. This results in increased efficiency, which further enhances their application in electric vehicles (EV).
Direct Current Motor:
DC motor is a type of electric motor which produces direct current. It is used in various applications such as battery chargers, solar power systems, and New Energy Vehicles (NEVs) drive motors. DC motors are smaller than AC motors; they have lower torque but can be operated at low cost with small size and less power consumption.
Application Insights:
The passenger vehicle application segment accounted for the largest share of over 60.0% in 2017 and is expected to continue its dominance over the forecast period. The growing need for electric vehicles as a result of stringent regulations regarding reduction in vehicular emissions is anticipated to drive demand from major markets, including U.S., China, and Germany within the next few years.
Furthermore, several governments are undertaking initiatives to reduce carbon dioxide emissions from automobiles through various policies such as purchase incentives and tax credits offered on installing hybrid or all-electric powertrain into new commercial vehicles thus driving demand from logistics companies that operate large fleets of trucks across numerous countries worldwide.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth owing to increasing government initiatives and investments coupled with rising disposable income of consumers. For instance, in India, the Ministry of New and Renewable Energy (MNRE) has set a target for installation of 20 GW solar power generation capacity by 2022 which is expected to drive market demand over the forecast period.
Europe was estimated at USD X million in 2017 and is anticipated to grow at a CAGR exceeding 6% from 2018 to 2030 owing high energy consumption across various application sectors including transportation sector that demands constant power supply for motor operations thereby driving market growth across this region. Moreover, growing environmental awareness among consumers along with stringent regulations set by governing bodies such as ULEAD Standards Body (ULEAD-SA) regarding fuel emissions are likely boost demand across this region during the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand for electric and hybrid vehicles: The global market for electric and hybrid vehicles is expected to grow at a CAGR of more than 14% from 2016 to 2020. This growth can be attributed to the increasing environmental concerns, government initiatives, and technological advancements in the automotive industry.
- Rising demand for fuel-efficient vehicles: With oil prices on the rise, consumers are increasingly looking for fuel-efficient alternatives such as electric and hybrid vehicles. This is driving the growth of the New Energy Vehicle Drive Motor market.
- Growing popularity of green technologies: There is a growing trend among consumers towards adopting green technologies such as electric and hybrid vehicles. This is helping to drive the growth of the New Energy Vehicle Drive Motor market.
Scope Of The Report
Report Attributes
Report Details
Report Title
New Energy Vehicle Drive Motor Market Research Report
By Type
Permanent Magnet Synchronous Motor, Direct Current Motor, Induction Motor
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Nissan, Delphi, BROAD-OCEAN, MITSUBISHI, FUKUTA, Ford, Bosch, BYD, GM, DENSO, Toyota, JJ
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global New Energy Vehicle Drive Motor Market Report Segments:
The global New Energy Vehicle Drive Motor market is segmented on the basis of:
Types
Permanent Magnet Synchronous Motor, Direct Current Motor, Induction Motor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nissan
- Delphi
- BROAD-OCEAN
- MITSUBISHI
- FUKUTA
- Ford
- Bosch
- BYD
- GM
- DENSO
- Toyota
- JJ
Highlights of The New Energy Vehicle Drive Motor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Permanent Magnet Synchronous Motor
- Direct Current Motor
- Induction Motor
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the New Energy Vehicle Drive Motor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A New Energy Vehicle Drive Motor is a type of electric motor that uses electricity to power the movement of a vehicle. These motors are typically more efficient and provide smoother, quieter operation than traditional gasoline or diesel engines. They can also reduce fuel consumption and emissions, making them an environmentally friendly option for transportation.
Some of the major companies in the new energy vehicle drive motor market are Nissan, Delphi, BROAD-OCEAN, MITSUBISHI, FUKUTA, Ford, Bosch, BYD, GM, DENSO, Toyota, JJ.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. New Energy Vehicle Drive Motor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. New Energy Vehicle Drive Motor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. New Energy Vehicle Drive Motor Market - Supply Chain
4.5. Global New Energy Vehicle Drive Motor Market Forecast
4.5.1. New Energy Vehicle Drive Motor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. New Energy Vehicle Drive Motor Market Size (000 Units) and Y-o-Y Growth
4.5.3. New Energy Vehicle Drive Motor Market Absolute $ Opportunity
5. Global New Energy Vehicle Drive Motor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. New Energy Vehicle Drive Motor Market Size and Volume Forecast by Type
5.3.1. Permanent Magnet Synchronous Motor
5.3.2. Direct Current Motor
5.3.3. Induction Motor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global New Energy Vehicle Drive Motor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. New Energy Vehicle Drive Motor Market Size and Volume Forecast by Application
6.3.1. Passenger Vehicle
6.3.2. Commercial Vehicle
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global New Energy Vehicle Drive Motor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. New Energy Vehicle Drive Motor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global New Energy Vehicle Drive Motor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. New Energy Vehicle Drive Motor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global New Energy Vehicle Drive Motor Demand Share Forecast, 2019-2026
9. North America New Energy Vehicle Drive Motor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America New Energy Vehicle Drive Motor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America New Energy Vehicle Drive Motor Market Size and Volume Forecast by Application
9.4.1. Passenger Vehicle
9.4.2. Commercial Vehicle
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America New Energy Vehicle Drive Motor Market Size and Volume Forecast by Type
9.7.1. Permanent Magnet Synchronous Motor
9.7.2. Direct Current Motor
9.7.3. Induction Motor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America New Energy Vehicle Drive Motor Demand Share Forecast, 2019-2026
10. Latin America New Energy Vehicle Drive Motor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America New Energy Vehicle Drive Motor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America New Energy Vehicle Drive Motor Market Size and Volume Forecast by Application
10.4.1. Passenger Vehicle
10.4.2. Commercial Vehicle
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America New Energy Vehicle Drive Motor Market Size and Volume Forecast by Type
10.7.1. Permanent Magnet Synchronous Motor
10.7.2. Direct Current Motor
10.7.3. Induction Motor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America New Energy Vehicle Drive Motor Demand Share Forecast, 2019-2026
11. Europe New Energy Vehicle Drive Motor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe New Energy Vehicle Drive Motor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe New Energy Vehicle Drive Motor Market Size and Volume Forecast by Application
11.4.1. Passenger Vehicle
11.4.2. Commercial Vehicle
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe New Energy Vehicle Drive Motor Market Size and Volume Forecast by Type
11.7.1. Permanent Magnet Synchronous Motor
11.7.2. Direct Current Motor
11.7.3. Induction Motor
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe New Energy Vehicle Drive Motor Demand Share, 2019-2026
12. Asia Pacific New Energy Vehicle Drive Motor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific New Energy Vehicle Drive Motor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific New Energy Vehicle Drive Motor Market Size and Volume Forecast by Application
12.4.1. Passenger Vehicle
12.4.2. Commercial Vehicle
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific New Energy Vehicle Drive Motor Market Size and Volume Forecast by Type
12.7.1. Permanent Magnet Synchronous Motor
12.7.2. Direct Current Motor
12.7.3. Induction Motor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific New Energy Vehicle Drive Motor Demand Share, 2019-2026
13. Middle East & Africa New Energy Vehicle Drive Motor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa New Energy Vehicle Drive Motor Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa New Energy Vehicle Drive Motor Market Size and Volume Forecast by Application
13.4.1. Passenger Vehicle
13.4.2. Commercial Vehicle
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa New Energy Vehicle Drive Motor Market Size and Volume Forecast by Type
13.7.1. Permanent Magnet Synchronous Motor
13.7.2. Direct Current Motor
13.7.3. Induction Motor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa New Energy Vehicle Drive Motor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global New Energy Vehicle Drive Motor Market: Market Share Analysis
14.2. New Energy Vehicle Drive Motor Distributors and Customers
14.3. New Energy Vehicle Drive Motor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nissan
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Delphi
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BROAD-OCEAN
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MITSUBISHI
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FUKUTA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ford
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bosch
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BYD
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GM
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. DENSO
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Toyota
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. JJ
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
