What is Automotive Electric Motors?
Automotive Electric Motors is a device that converts electrical energy into mechanical energy. Most electric motors generate force in the form of torque applied to the motor's shaft by interacting between the magnetic field of the motor and the electric current in a wire winding. Mechanically, an electric generator is identical to an electric motor, but it operates with a reversed flow of power, converting mechanical energy into electrical energy. Direct current (DC) sources, such as batteries or rectifiers, or alternating current (AC) sources, such as a power grid, inverters, or electrical generators, can power electric motors. Electric motors are classified based on factors such as power source type, construction, application, and motion output type. They can be powered by alternating current or direct current, brushed or brushless, single-phase, two-phase, or three-phase, axial or radial flux, and air-or liquid-cooled.
|Unit||Value (USD Million)|
|Key Companies Profiled||Robert Bosch GmbH (Germany), Chengdu Huachuan Electric Parts Co.,Ltd. (China), Chongqing Bright Industry Group Co., Ltd. (China), Hubei Shendian Auto Motor Co., Ltd. (China), Jinzhou Halla Electrical Equipment Co., Ltd. (China), Johnson Electric International AG (Hong Kong), Mitsubishi Electric Corporation (Japan), Shanghai Valeo Automotive Electrical Systems Co., Ltd. (China), Shanghai Valeo Automotive Motor & Wiper Systems Co., Ltd. (China) and Taizhou ValeoWenling Automotive Systems Co., Ltd. (China)|
The study covers a detailed analysis segmented by key business segments i.e. by type (DC Series Motor, Permanent Magnet Synchronous Motor, Induction Motor, Three Phase AC Induction Motor and Switched Reluctance Motors) , by application (Passenger Cars and Commercial Vehicles) and major geographies. Research Analyst at AMA predicts that Chinese Manufacturers will contribute to the maximum growth of Global Automotive Electric Motors market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Automotive Electric Motors market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are Robert Bosch GmbH (Germany), Chengdu Huachuan Electric Parts Co.,Ltd. (China), Chongqing Bright Industry Group Co., Ltd. (China), Hubei Shendian Auto Motor Co., Ltd. (China), Jinzhou Halla Electrical Equipment Co., Ltd. (China), Johnson Electric International AG (Hong Kong), Mitsubishi Electric Corporation (Japan), Shanghai Valeo Automotive Electrical Systems Co., Ltd. (China), Shanghai Valeo Automotive Motor & Wiper Systems Co., Ltd. (China) and Taizhou ValeoWenling Automotive Systems Co., Ltd. (China).
On 21st June 2022, Bosch intends to acquire the MoTeC Group, based in Melbourne, Australia. MoTeC provides a diverse range of motorsports technology to the customer racing market. The company specializes in the development, manufacture, and distribution of motorsport technology for teams in a variety of racing series and is well-established in this market.
The standardization of road vehicles is based on several international, regional, and national regulations and directives. The main requirement is that cars adhere to the UNECE (United Nations Economic Commission for Europe) rules as defined by its World Forum for Harmonization of Vehicle Regulations (UNECE WP.29). The majority of countries recognize the UNECE regulations and incorporate them into their national requirements. Many of these are for equipment that is powered by electrical or electronic systems.
The global automotive electric motor market for EVs is a highly competitive market with numerous global and regional players. Denso, Mitsubishi Electric, Emerson Electric Company, Baldor Electric Company, and Hitachi Automotive Systems are among the key players. Other major players: Siemens AG, Yaskawa Electric, Robert Bosch GmbH, Toshiba Corporation, and Magna International are among the market's other major players. Product diversification, revenue generation, and new opportunities all contribute to increased market competition. To differentiate themselves as strong market competitors, key players are implementing strategies such as R&D investment, new product launches, and distribution channel expansion.
Automotive Electric Motors Market Dynamics:
- Provide Insights about Factors Affecting the Market Growth
- Factor of Rising Adoption of Electric Vehicles across the Globe
- Availability of Innovative Features such as LED Light Battery Indicator which Shows the Percentage Battery
- Lack of Awareness
- High-Cost Expenses
- Demand for Automotive Hardware Has Increased Dramatically
|Road Blocks / Challenges|
- Market Penetration across New Regions
|Gaps & Opportunities|
- Rising Technological Developments of Automotive Electric Motors
Key highlights of the Global Automotive Electric Motors market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Automotive Electric Motors market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Automotive Electric Motors market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Automotive Electric Motors Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Electric Motors market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Automotive Electric Motors market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Automotive Electric Motors Manufacturers, Automotive Electric Motors Suppliers & Distributors, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.