EV eMotor Market is Forecasted to Reach US$23.9 Billion in 2031, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global EV eMotor market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:

https://www.stratviewresearch.com/Request-Sample/3971/ev-emotor-market.html#form

Market Statistics

Market Size in 2024: US$11.1 billion

Market Size in 2031: US$23.9 billion

Growth (CAGR): 10.7% during 2024-2031

Cumulative Sales Opportunity 2024 to 2031: US$145.23 Billion

Leading Vehicle Type: LV

Leading EV Type: HEVs

Leading Technology Type: PMSM

Leading Number of Motors Type: 2 Motors

Leading Integration Type: Standalone eMotors

Leading Region: Asia-Pacific

Forecast Period: 2024-2031

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 6

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the EV eMotor Market:

The global EV eMotor market is segmented based on Vehicle type, EV type, Technology type, Number of Motors type, Integration type, and Region.

Based on Technology type –

·      The market is segmented into PMSM, IM, and other technologies. PMSMs (permanent magnet synchronous motors) offer high efficiency and increased power output, making them ideal for maximizing a vehicle’s performance and range. These motors provide precise torque control and consistent performance, enhancing the driving experience and stability in various conditions.

·      PMSMs are the preferred choice for automakers due to their reliable technology, long-lasting durability, and capability to support the evolving demands of modern EVs.

Based on EV type –

·      The market is segmented into BEV and HEV. eMotors in HEVs (hybrid electric vehicles) are not the primary source of power, resulting in lower power requirements and making them a more cost-effective solution.

·      The reduced power demands help decrease manufacturing costs for eMotors used in HEVs, supporting their increasing market penetration. Since eMotors in HEVs primarily serve an assisting role, manufacturers can maintain lower production costs while still enhancing vehicle efficiency. This cost advantage contributes to the growing adoption of HEVs, strengthening their market share in the evolving automotive landscape.

To know the most attractive segments, click here for a free sample of the report:

https://www.stratviewresearch.com/Request-Sample/3971/ev-emotor-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that the Asia-Pacific is expected to remain the largest market. This growth outlook is majorly attributed to the following–

-      Higher EV adoption in countries like China, Japan, and South Korea is driven by government subsidies and policies; the region is home to major EV and eMotor manufacturers, ensuring cost-effective production.

-      Rising consumer demand for electric vehicles, fueled by environmental concerns and fuel savings.

-      Technological advancements in motor efficiency, battery technology, and power electronics.

-      Rapid expansion of EV charging infrastructure and government investments in green mobility are key factors solidifying the region’s dominance in the EV eMotor market.

Likewise, Europe is estimated to remain the second-largest region for the EV eMotors market due to its strong commitment to sustainability, government incentives, and strict emissions regulations that promote EV adoption. The presence of major automakers and suppliers in the region further strengthens its market position by driving innovation and enhancing manufacturing capabilities.

EV eMotor Market Drivers:

Some of the key drivers listed in the report are given below.

-         Increasing global sales of electric vehicles directly impact the demand for electric motors, as each EV requires at least one motor, with some models featuring multiple motors.

-         Improvements in motor efficiency, power density, and thermal management enhance EV performance and contribute to market growth.

-         Lower battery prices make EVs more affordable, encouraging adoption and boosting demand for electric motors.

-         Government policies & incentives, and mandates for EV adoption drive the demand for electric motors.

-         Expanding EV infrastructure increases consumer confidence in EVs, which drives EV sales and, in turn, increases the demand for electric motors.

Competitive Landscape: Top Companies in the EV eMotor Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

-         Tesla, Inc.

-         BYD Auto Co., Ltd.

-         Volkswagen AG

-         Valeo SA

-         Nidec Corporation

-         Dana Incorporated

-         ZF Friedrichshafen AG

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth analysis of the EV eMotor Market

How lucrative is the future?

Market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market segment analysis and forecast

Who are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirements?

10% free customization

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

-      EV Fuse Market

-      EV On-board Charger Market

About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & Telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

Are you looking for any specific data customized to your objectives? We are just a mail away.

Stratview Research

E-mail: sales@stratviewresearch.com

Direct: +1-313-307-4176