Electric Vehicle Motor Market To Reach USD 34.4 Billion By 2031, Growing At A CAGR of 20.3% | Valuates Reports

BANGALORE, India, Dec. 20, 2022 /PRNewswire/ -- Electric Vehicle Motor Market by Type (AC Motor, DC Motor), by Electric Vehicle Type (Battery Electric Vehicle, Plug In Hybrid Vehicle, Hybrid Vehicle), by Application (Passenger Cars, Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021-2031.  It is published in Valuates Reports under the Hybrid & Alternative Vehicles Category.

The global electric vehicle motor market was valued at USD 5.5 billion in 2021 and is projected to reach USD 34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.

Major Factors Driving The Growth Of The Electric Vehicle Motor Market Are

Due to rising electric car demand and strict government safety rules imposed on the automotive sector, the global electric vehicle motor market is expanding. High manufacturing costs, however, are what is impeding the market's expansion. The element anticipated to present growth chances over the projection period is also the variety of applications utilizing electric motors.

Browse The Table of Contents And List of Figures At https://reports.valuates.com/reports/ALLI-Manu-3W81/electric-vehicle-motor

TRENDS INFLUENCING THE GROWTH OF THE ELECTRIC VEHICLE MOTOR MARKET

A large demand for electric vehicles has been generated by growing global worries over the adverse effects of climate change and worrisome pollution levels found in major cities. This factor is expected to drive the growth of the electric vehicle motor market. Recent price increases for gasoline and diesel have raised the demand for fuel-efficient vehicles. Demand is rising as a result of both the depletion of fossil fuel supplies and a rise in businesses' propensity to maximize profit from these oil assets. Because of this, there is a growing demand for highly fuel-efficient technologies as well as an increase in the number of people using electric vehicles for transportation, which increases the need for electric motors. Electric cars typically have traction motors. As a result, the rise of electric motors is boosted by an increase in electric car sales.

The electric vehicle motor market is expected to grow as a result of technological developments in electric automobiles. Major firms are expected to expand their R&D spending on cutting-edge automotive technologies like artificial intelligence (AI), connected vehicles, car batteries, and fast charging.

The government's implementation of safety laws requiring the installation of power windows, airbags, and anti-lock brake systems (ABS) in every car has a favorable impact on the automotive sector. It has been observed that Europe and North America adhere to these laws more strictly than Asia-Pacific and the rest of the world. However, OEMs are helping the government in emerging nations enhance safety regulations by including keyless entry and anti-lock brake systems (ABS) as standard equipment in cars, which is helping to increase sales of electric motors. To operate efficiently and interact with other parts of the car, these safety systems require independent motors in order to completely secure passengers. As a result, it is projected that as safety features become mandatory, demand for electric motors will rise, which in turn would drive the electric motor market.

Get Your Sample Today: https://reports.valuates.com/request/sample/ALLI-Manu-3W81/Electric_Vehicle_Motor_Market

ELECTRIC VEHICLE MOTOR MARKET SHARE ANALYSIS

In terms of revenue, the AC motor segment led the worldwide electric vehicle motor market in 2021 and is predicted to continue to do so for the duration of the forecast period.

The battery electric vehicle category is expected to have significant expansion in the near future.

The commercial vehicle application is expected to have significant expansion in the near future.

Europe is predicted to experience the greatest CAGR among all regions throughout the projection period.

Between 2022 and 2031, Europe would have the greatest CAGR of 21.3%.

Inquire For Customization : https://reports.valuates.com/request/customisation/ALLI-Manu-3W81/Electric_Vehicle_Motor_Market

Market By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Inquire For Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-3W81/Electric_Vehicle_Motor_Market

Key players

• BorgWarner
• Continental AG
• Buhler Motor GmbH
• DENSO Corporation
• Inteva Products
• Johnson Electric Holdings Limited
• Mabuchi Motor Co. Ltd.
• Nidec Corporation
• Magna International Inc.
• Meritor
• Mitsuba Corporation
• Robert Bosch GmbH

Inquire For Chapter Cost : https://reports.valuates.com/request/chaptercost/ALLI-Manu-3W81/Electric_Vehicle_Motor_Market

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-3W81&lic=single-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS

• Electric Power Steering Motor market is projected to reach USD 2808.8 million by 2028 from an estimated USD 2479.5 million in 2022, at a CAGR of 2.1% during 2023 and 2028.
• Switched Reluctance Motors market size is estimated to be worth USD 580.6 million in 2022 and is forecast to be a readjusted size of USD 791.5 million by 2028 with a CAGR of 5.3% during the review period.
• Axial Piston Hydraulic Motor market is projected to reach USD 762.9 million by 2028 from an estimated USD 624.2 million in 2022, at a CAGR of 3.4% during 2023 and 2028.
• The global EV battery reuse market size was valued at USD 0.2 billion in 2021, and the EV battery reuse industry is projected to reach USD 3.9 billion by 2031, growing at a CAGR of 34.3% from 2022 to 2031.
• Cold Rolled Motor Lamination Steel Market
• Micro Brushless DC Motors Sales Market
• Small Motor Grader Market
• Motor Winding Insulation Paper Market
• Industrial Planetary Geared Motors Market
• In 2020, the global Motor Driver IC market size was USD 2825 million and it is expected to reach USD 4140.7 million by the end of 2027, with a CAGR of 5.6% during 2021-2027.
• Electric Motor Horn Market
• In 2020, the global Outboard Electric Motors market size was USD 125 million and it is expected to reach USD 214 million by the end of 2027, with a CAGR of 8.0% during 2021-2027.
• The global electric motor market size was valued at USD 106.3 billion in 2020 and is expected to reach USD 207.3 billion by 2030, with a CAGR of 6.7% from 2021 to 2030.
• The global AC Motor market was valued at USD 17650 million in 2020 and it is expected to reach USD 19730 million by the end of 2027, growing at a CAGR of 1.6% during 2021-2027.
• Electric Motor UAVs Market
• Electric Motor Core Market
• In 2020, the global Electric Vehicle Battery Pack market size was USD 37360 million and it is expected to reach USD 230700 million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 29.7% during the forecast period 2021-2027.
• The global Electric Vehicle Battery Recycling market size is projected to reach USD 2426.4 million by 2028, from USD 1176.3 million in 2021, at a CAGR of 10.8% during 2022-2028.
• In 2020, the global 18650 Lithium Battery market size was USD 6346.1 million and it is expected to reach USD 7091.9 million by the end of 2027, with a CAGR of 1.6% during 2021-2027.
• The global Lithium-Ion Battery Separator market size is estimated to be worth USD 3808.9 million in 2022 and is forecast to be a readjusted size of USD 6565.8 million by 2028 with a CAGR of 9.5% during the review period.
• The global graphene battery market size was valued at USD 48.8 million in 2019 and is projected to reach USD 398.6 million by 2027, to register a CAGR of 31.2% during the forecast period.
• The global Zinc-Air Batteries market size is estimated to be worth USD 418.9 million in 2022 and is forecast to a readjusted size of USD 607.8 million by 2028 with a CAGR of 6.4% during the review period.
• The global Lithium-ion Battery Recycling market size is projected to reach USD 24930 million by 2028, from USD 2543 million in 2021, at a CAGR of 38.1% during 2022-2028.
• In 2020, the global Battery Separator market size was USD 8218.6 million and it is expected to reach USD 18940 million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 12.7% during 2021-2027.
• The global marine battery market size was valued at USD 0.37 billion in 2021 and is projected to reach USD 1.99 billion in 2030 growing at a CAGR of 20.5%.
• The global lithium-iron phosphate batteries market size was valued at D5.6 billion in 2020, and the lithium-iron phosphate batteries market is forecast to reach D9.9 billion by 2030 at a CAGR of 5.9% from 2021 to 2030.
• The global lead–acid battery market size was valued at USD 39.7 billion in 2018, and is projected to reach USD 59.7 billion by 2026, growing at a CAGR of 5.24% from 2019 to 2026.
• The global Military Battery market size is estimated to be worth USD 2113 million in 2022 and is forecast to a readjusted size of USD 2751.7 million by 2028 with a CAGR of 4.5% during the review period.
• Industrial Batteries market size is estimated to be worth USD 6229.2 million in 2022 and is forecast to be a readjusted size of USD 8065.5 million by 2028 with a CAGR of 4.4% during the review period.
• The global E-waste Recycling market size is estimated to be worth USD 17260 million in 2022 and is projected to reach USD 27240 million by 2028 with a CAGR of 7.9% during the review period.
• The global thermal management market size is projected to reach USD 78300 million by 2028 from USD 60120 million in 2021 at a CAGR of 3.8% during 2022-2028.
• The global Thermal Energy Storage (TES) market size is projected to reach USD 6019.7 million by 2028, from USD 3817.1 million in 2021, at a CAGR of 6.3% during 2022-2028
• The global Battery Management System (BMS) market was valued at USD 4862 million in 2020 and it is expected to reach USD 30680 million by the end of 2027, growing at a CAGR of 30.1% during 2021-2027.
• The global electric vehicle market was valued at USD 63.01 billion in 2020 and is projected to reach USD 823.75 billion by 2030, registering a CAGR of 18.2% from 2021 to 2030
• The global Electric Commercial Vehicle market size is projected to reach USD 178560 million by 2027, from USD 101270 million in 2020, at a CAGR of 8.3% during 2021-2027.
• The global evtol aircraft market size was valued at USD 45310 million in 2020 and is expected to reach USD 97370 million by the end of 2027 with a CAGR of 11.1% during 2021-2027.
• The global EV Charging Cables market is estimated to be worth USD 618.4 million in 2022 and is forecast to a readjusted size of USD 3672.2 million by 2028 with a CAGR of 34.6% during the review period.
• The global more electric aircraft market valued USD 1,809.20 million in 2019, and is projected to reach usd 4,612.69 million in 2027, registering a CAGR of 15.5%.
• The global Electric Aircraft market size is projected to reach USD 9566 million by 2027, from USD 6753.8 million in 2020, at a CAGR of 4.6% during 2021-2027.
• The global Electric Ships market size is projected to reach USD 9361.4 million by 2027, from USD 5114.6 million in 2020, at a Compound Annual Growth Rate (CAGR) of 10.6% during 2021-2027.
• The global Outboard Engine market size is estimated to be worth USD 4621.5 million in 2022 and is forecast to be a readjusted size of USD 5518.3 million by 2028 with a CAGR of 3.0% during the review period.

Click Here To See Related Reports on EV Motor  Market

About Us:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

Contact Us:

Valuates Reports
sales@valuates.com 
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Sitemap: https://reports.valuates.com/sitemap/html/reports
https://reports.valuates.com/sitemap/html/reports/4

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg