Worldwide Latest Market Research Report on “Global Electric Motors for Electric Vehicle Market – Analysis of Growth, Trends, and Forecast (2019 – 2023) 2019-2023”
The Global Electric Motors for Electric Vehicle market with CAGR of XX% 2019-2023. The report begins from overview of Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Electric Motors for Electric Vehicle by product, region, and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- Hitachi Automotive Systems
- Mitsubishi Electric
- Baldor Electric Company
- Robert Bosch Gmbh
- Emerson Electric Company
- Siemens Ag
- Toshiba Corporation
- Magna International
- Gkn Driveline
- Aisin Aw
- Yasakawa Electric
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Overview of Electric Motors for Electric Vehicle Market:
The Global Electric Motors for Electric Vehicles market is forecasted to register a significant CAGR of 15.09% over the forecast period. The market is expected to be USD 3.952 billion in 2017.
Smoothening the transition from oil, owing to the increase in pollution, governments around the world have started to look for alternatives for primitive form of travel. Electric vehicles fill this gap and with time, are getting efficient too. This has made governments all around the world to make policies to facilitate this adaption of electric vehicles.
New Economy Average Fuel Economy (CAFÉ) standards are likely to encourage the market entry of electric vehicles. CAFÉ norms dictate the models produced from 2012 to have a fuel economy of 29.58 mpg which is an increase of 16% from the previous fuel economy standards. European countries have also passed different policies, like Elektromobilitat Model Region Hamburg, the testing of diesel hybrid buses on lines in Germany, Gronn Bill in Norway and Copenhagen electric in Denmark to promote electric vehicles. China is also taking some aggressive steps to become the market leader in EVs as well. In 2017, the City of Beijing announced plans to transform its entire taxi fleet to electric propulsion.
Thus policies of government play a huge role in promoting electric vehicles. The results are starting to show in European countries where electric vehicles have reached a significant portion of the total vehicle population. In years to come, China and India are positioned to take the leading role in electric vehicles, owing to the supporting government policies.
Lack of Proper EV Infrastructure
A shortage of EV charging stations has hindered the adoption of these vehicles, which further has restricted the usage of electric motors for electric vehicles. As the EV industry does not have any overall set standards on the charging power output, companies are increasingly involved in building charging equipment based on their standards. Also, with setting standards, it is also very important to establish charging stations, which is again a cost intensive affair. EVs are mostly used for public and private transport and have a limited range of charging. Charging stations ensure that end-users who travel long distances can charge their vehicles en route. However, setting up charging stations is a lengthy process and is a major challenge to the adoption of such vehicles.
The costs associated with charging technology are high and thereby the OEMs are providing automobiles integrated with the wireless charging technology. The cost of ownership and affordability issues also hinder the demand for the wireless charging integrated electric vehicles market. However, several developments and enhancements are being made in the wireless charging technology space to meet the product associated affordability issue as well as solve the issues associated with charging stations. PLUGLESS is one of the first wireless electric charging solutions in the automotive market launched in the USA. The pricing of their wireless charging system offerings is listed below to have an idea of the costs of the wireless charging technology in the market as a whole.
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Reasons to Purchase this Report:
The Global demand for Electric Motors for Electric Vehicle Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2019 and 2025 compared to a few years ago, signifying the rapid pace of change.
Global Electric Motors for Electric Vehicle Market highlights the following key factors:
- A complete informative analysis of Electric Motors for Electric Vehicle industry, which includes a valuation of the parental market.
- Emerging trends by sections and regional markets.
- Major developments in market dynamics & market overview.
- Electric Motors for Electric Vehicle Market shares and methods of key players in the Electric Motors for Electric Vehicle market.
- Current and predictable size of Electric Motors for Electric Vehicle market from the outlook of both value and volume.
- Reporting and estimation of recent industry developments.
- References to companies for establishment their position in the Electric Motors for Electric Vehicle market.
Electric Motors for Electric Vehicle Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Electric Motors for Electric Vehicle Market players in detail. Electric Motors for Electric Vehicle Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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Key Features of the Electric Motors for Electric Vehicle Market Report:
- Electric Motors for Electric Vehicle Market insights and finger analysis will help take knowledgeable decision in the changing competitive dynamics.
- To build up a far-reaching, verifiable, every year refreshed and financially perceptive data dependent on execution, capacities, objectives, and systems of the world is driving organizations.
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- To supplement associations internal competing data gathering endeavors by giving vital investigation, information understanding, and knowledge.
- Five-year forecast measure would give a clear understanding of future growth.
- Investigation of upcoming and past market information will help in organizing an outline of current business strategies.
- Comprehensive information of market players will help understand consumer demands and market scope.
- Development opportunities and forecast buyer requests will evoke the collection of revenue.
- A comprehensive analysis of the changing competitive dynamics will keep you ahead of the competitors.
- The fresh proficient elements such as industry production study, revise product-launching events, growth and risk factors will help in the forecast feasibility analysis.
- To distinguish the slightest focused market specialties with huge development potential.
The growth of this market worldwide is subjected to various factors; including consumer world-class Electric Motors for Electric Vehicle Market of many Electric Motors for Electric Vehicle Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
In conclusion, Electric Motors for Electric Vehicle Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the Electric Motors for Electric Vehicle Market competitors.
Mr. Ajay More
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