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2024

Electric Vehicle Motor by Product Type

Electric Vehicle Motor by Product Type (AC Permanent Magnet Synchronous Motor Controller, AC Asynchronous Motor Controller, DC Motor Controller), by Power Output (1 - 20 KW, 21- 40 KW, 41 - 80 KW, Above 80 KW) by Application (Full Hybrid Electric Vehicle, Mild Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle, Pure Electric Vehicle) : Global Opportunity Analysis and Industry Forecast, 2022-2032

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Author's: | Surya Sanka
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An electric motor substitutes the internal combustion engine (ICE) in all-electric vehicle (EV), often known as battery EVs. The electric motor is powered by a sizable traction battery pack, which must be hooked into a wall outlet or charging apparatus, also known as the EV supply apparatus. EV do not have a smokestack as it operates on electricity and has normal liquid fuel components such as a gasoline pump, line, or tank. Drivers are typically required for EV motors for transportation purposes (similar to DC machines). Vehicle motors, typically  Brushless DC (BLDC), lack the necessary brush and commutator assemblies. The intrinsic controller carries out this action. The driving circuit transforms supplied DC into a pulsed waveform to drive the vehicle motor.
 
According to the U.S. Department of Energy, EV motors accounted for 50% of the energy used in the U.S. industrial sector in March 2020, and 53% of the total electricity used globally was consumed by electric and other motor vehicles employed in infrastructural and industrial applications. Numerous regulations have been put in place to promote efficient and effective energy use. The International Electrotechnical Commission (IEC), a European regulatory body, currently sets energy efficiency standards. To increase the energy efficiency of electric motors, these requirements have begun to be implemented in most nations. IEC has created a set of motor efficiency regulations to decrease carbon emissions, primarily IE1, IE2, IE3, and IE4. For instance, the European Union enacted the rules on eco-design for electric motors and variable speed drives in July 2021. 
All producers and suppliers who sell goods in the EU must abide by the regulations set to reduce the carbon emissions. This new regulation applies to single-speed induction motors that operate at 50 Hz, 60 Hz, or 50 Hz and 60 Hz. Despite the pandemic, International Energy predicted a modest increase in global electric car sales and said that this may be larger if additional stimulus measures were implemented. Traditional automobile manufacturers have started converting to EVs motor as the only option to avoid paying hefty fines due to the enforcement of emissions limitations for vehicle manufacturers in the European Union based on the total number of vehicles sold. Today, more and more businesses view their engine plants as assets that must be rapidly sold if emissions objectives are to be fulfilled, and they are divesting at a faster rate. In addition, several nations have accelerated the ban on the sale of gasoline and diesel vehicles. For example, according to Forbes, in the UK, the announcement that the phase-out target date has been accelerated to 2030 has raised interest in EVs by 500%. 
The growth in public-private partnerships in different countries such as India, Africa, and China is expected to fuel the growth of the EV motor market.  There is growing evidence that operating an EV is significantly less expensive overall than operating a traditional vehicle, partly because of the cost difference between electricity and diesel or gasoline, as well as low maintenance. While the price of EVs is still somewhat higher than that of conventional vehicles, we are moving closer to parity. In the European market, businesses like Volkswagen, the Renault-Nissan-Mitsubishi alliance, or the partnership between Hyundai and Kia compete with or outperform Tesla.
 
Emerging robotics technology is deployed to carry out certain activities like warehouse deliveries, assembly-line labor, and mine cleaning. In addition, improvements in battery technology have reduced battery costs and speed up battery charging. Optimization has been made possible by this system's capacity to modify the rotor's magnetic field's strength. Since they function at a constant power factor, DCBL motors are the most common type of motor seen in electric cars. 
New product launches to flourish the market
Hitachi Energy launched a revolutionary power semiconductor module for all EVs globally on May 10, 2022. RoadPak is the culmination of more than a century of innovation and market leadership by Hitachi Energy in power electronics, Grid-eMotionTM Flash, and Fleet EV charging systems. It furthers our mission to develop a more sustainable energy future for everybody while advancing e-mobility. RoadPak is offered by a wide variety of EV manufacturers and has two seasons of flawless performance with the Mahindra Racing Formula E team. All EVs, including conventional and luxury automobiles, commercial vehicles, buses, agricultural EVs, heavy-duty trucks, and high-performance racing cars, can benefit from this.
Similarly, to establish a globally trusted dataspace where only necessary data can be shared while still preserving private data, NTT DATA Corporation ("NTT DATA") and DENSO Corporation ("DENSO") began to develop an industry-wide ecosystem for EV batteries in September 2022. According to the new battery rule in Europe, the European Commission must be informed of CO2 emissions and resource recycling rates throughout a battery's lifecycle. Futuremore sales of EVs by Japanese manufacturers, such as battery electric cars and hybrid electric vehicles (HEVs), in the European market will be subject to this rule.
Segment Overview:
    
By product type: The EV motor market is divided into AC permanent magnet synchronous motor (PMSM) controllers, AC asynchronous motor controllers, and DC motor controllers. Having a sinusoidal back EMF waveform and permanent magnet field excitation, the PMSM is an AC synchronous motor. The PMSM combines a BLDC motor and an induction motor. It has a permanent magnet rotor and stator windings, like a BLDC motor. But the machine's stator construction, which consists of windings made to produce a sinusoidal flux density in the air gap, is similar to that of an induction motor. Because the stator power is not used to produce magnetic fields, it has a higher power density than induction motors with equivalent ratings.
By power output: The EV motor market is classified by power output into 120 KW, 21- 40 KW, 41-80 KW, and Above 80 KW. These are the simplest chargers available and use the same power as when we connect their car directly to a wall outlet.
By application: The EV market is categorized into full HEVs, mild HEVs, plug-in HEVs, and pure EVs. An internal combustion motor and one or more electric motors use the energy stored in batteries to power hybrid electric cars. The battery of a HEV cannot be charged by plugging it in. Instead, the engine's ICE and regenerative braking are used to charge the battery. The battery can also lower auxiliary power loads and engine idle while stationary. These elements work together to increase fuel efficiency without sacrificing performance.
By region: Asia-Pacific is estimated to account for a significant share in EV motor market during the forecast period. This is majorly owing to growing number of people can now afford to buy their autos, attributable to China's recent robust economic progress. Mobility has increased, and the EVs market has expanded considerably. But this has also resulted in significantly high greenhouse gas emissions, urban air pollution, and a growing dependency on foreign energy. Buying an EV is more expensive than buying an ICE,  the government began providing significant subsidies for EV purchases. On account of this, the Chinese market for electric car motors is predicted to grow. According to the estimates, sales in 2021 in China reached 3.3 million, more than triple those in 2020. Europe came in second with 2.3 million units sold in 2020. In 2021, 630,000 EVs were sold in the U.S., doubling their market share to 4.5%.
Competition analysis
Competitive analysis and profiles of the major players in the EV motor market, such as American Motors Corporation, Air International Thermal Systems, BorgWarner Inc., Continental AGDelphi Technologies PLC., Denso Co., EVS Auto Group, Fujitsu, Hitachi Automotive Systems, Ltd., Mitsubishi Electric, and others are profiled in this report. For instance, Rhombus Energy Solutions, acquired by BorgWarner, complements the current BorgWarner European charging footprint to speed up organic growth and expand the charging business's regional presence in North America. Rhombus's technology broadens BorgWarner's selection of EVs in North America and enhances its current European charging operations. This deal improves their position as an EV company and advances our charging forward strategy, which aims to power the complete propulsion system from the grid to the wheels. Major players have adopted product launch and acquisition as key developmental strategies to improve their product portfolio.

Electric Vehicle Motor by Product Type Report Highlights

Aspects Details
Electric Vehicle Motor by Product Type By Product Type
By Product Type
  • AC Permanent Magnet Synchronous Motor Controller
  • AC Asynchronous Motor Controller
  • DC Motor Controller
Electric Vehicle Motor by Product Type By Power Output
By Power Output
  • 1 – 20 KW
  • 21- 40 KW
  • 41 – 80 KW
  • Above 80 KW
Electric Vehicle Motor by Product Type By Application
By Application
  • Full Hybrid Electric Vehicle
  • Mild Hybrid Electric Vehicle
  • Plug-in Hybrid Electric Vehicle
  • Pure Electric Vehicle
Electric Vehicle Motor by Product Type By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

Continental AG, EVS Auto Group, Mitsubishi Electric, hitachi automotive systems, ltd., Denso Corporation, American Motors Corporation, Delphi Technologies PLC., Fujitsu, air international thermal systems, BorgWarner Inc.

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Electric Vehicle Motor by Product Type

Global Opportunity Analysis and Industry Forecast, 2022-2032