Report Code: A07972 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Electric Light Commercial Vehicle Traction Motor Market
Request Now !Electric light commercial vehicle traction motor refers to a type of mechanism designed to produce resistance between two surfaces for extracting electricity from the battery pack of the vehicle, thereby, providing rotation torque for the light commercial vehicles. The traction motor is considerably effective when compared to the non-electric systems which offers various benefits such as zero smoke generation and quick start & stop. Furthermore, various stringent emission discharge norms & regulations such as Bharat stage emission standards (India) and others drives the demand for electric light commercial vehicle (ELCV). Moreover, decline in ELCV prices due to government provided subsidies & reduced price of battery, quick expansion of EV commercial charging structure, accessibility to ultra-fast chargers and anticipated restrictions over fuel-powered vehicles further fuel the demand for EVs. Therefore, rising demand for electric light commercial vehicle is expected to drive the market growth for global electric light commercial vehicle traction motor.
COVID-19 scenario analysis:Â
Rising adoption of electric vehicles, increase in demand for effective power renovation, and non-stable prices of crude oil drive the growth of the global market. However, overheating of EV traction motors and fluctuating prices of input components are expected to hamper the growth of the market. Contrarily, designing better speed estimator creates favourable condition for the adoption of electric vehicles, which provides lucrative opportunity for the market growth.
The global electric light commercial vehicle traction motor market trends are as follows:
Due to the resistance generated by the traction motor using electricity from the battery pack, a huge amount of electrical overload is caused to the mechanical equipment. Hence, generating higher amount of heat from the friction. Furthermore, excessive heat causes rapid deterioration, corrosion and failure of the traction motor. For instance, Robert Bosch have qualified almost 60 percent of light commercial vehicle motor failure are caused by overheating while generating torque for the wheels. Therefore, the rise in overheating of electric light commercial vehicle traction motor is anticipated to hamper the market growth for electric light commercial vehicle traction motor market in the near future.
Key benefits of the report:
Questions answered in the global electric light commercial vehicle traction motor market research report:
Electric Light Commercial Vehicle Traction Motor Market Report Highlights
Aspects | Details |
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By Power Rating |
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By Type |
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By Region |
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Key Market Players | Siemens AG, Continental AG, Remy Group, BorgWarner Inc., Robert Bosch AG, Zhongshan Broad-Ocean Motor Co. Ltd., ABB, ZF Group, Toshiba Group, Valeo SA |
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