세계의 EV 모터 시장 : 예측(2024-2029년)

The EV motor market is expected to grow at a CAGR of 14.88% during the forecast period (2024-2029).

The Electric Vehicle Motor market is on an upward trajectory primarily led by the growing use of EVs (electric vehicles) globally. EV motors serve as subsystems that help transform electrical energy into mechanical energy required to propel EVs. A major market driver relates to the replacement and low employment of rare earth metals in permanent magnets utilized in the motor of EVs. Automakers and suppliers are exploring ways how to recycle the rare earth metals used in making motors of EVs because the manufacturing costs are very high. Moreover, the passenger vehicle segment is also likely to exceed all the other segments in the near future due to continuously rising fuel prices and government incentives encouraging electric mobility. The Asia-Pacific region is expected to contribute to half of the forecasted market growth for EV motors, led by China and Japan. The regional market is driven by the demand for EVs and the production and sales of the components used in EVs.

• The market of EV motors is on the path of progress because of the following reasons. One key upstream driver is the decrease and even absence of rare earth metals in sintered permanent magnets used in electric vehicle motors. Some motor manufacturers are devising strategies for recouping rare earth metals as they are very expensive to manufacture EV motors. Some minerals include cerium, lanthanum, neodymium, dysprosium, and terbium, which are expensive and generate large amounts of waste during mining. This means that manufacturers are targeting the development of motors that require minimal materials or are looking for efficient ways of reclaiming the material. This is a result of the fact that rare earth metals, vital in producing electric vehicle parts, are very costly. This poses a major hindrance to the use of electric vehicles, especially in developing economies where most of the consumer population falls under the low-to-middle income bracket. By doing so, car manufacturers and motor makers reduce the level of dependency on REMs, making the motors used in electric vehicles more affordable. Hence creating a greater market for them and making cars and other EVs affordable for everyone.
• A second factor that has helped drive demand in the global EV motor market is the light and passenger vehicle market growth. Among the automobile types, the passenger vehicle segment will likely lead the market as high fuel prices and incentives supporting the electric vehicle shift influence the consumers. The fuel cost for conventional internal combustion engine cars has also been on the upward trend, but electric vehicles seem to come with a cheaper operational cost. Similarly, governments globally are offering various incentives and supportive policies for achieving higher plug-in electric passenger car adoption levels, including subsidies, tax exemptions, and direct investments in charging infrastructure. Such measures have reduced the costs of manufacturing and acquiring electric vehicles and increased the demand due to policies promoting the EV motors market growth.

EV MOTOR MARKET DRIVERS:

• The motor stator segment by component will likely be the fastest-growing segment during the forecast period.

Out of all the motor components in EVs, the motor stator segment is anticipated to grow at the highest pace between the forecast period, 2019 to 2029. The stator is one of the critical parts of any EV motor as it makes a rotating magnetic field dense, which in turn interacts with the rotor to generate the much-needed torque to move the car.

Churches and governments should, therefore, intervene and encourage companies to provide more efficient and powerful EV motors, which in turn require more efficient stators. The stator designs that have been under focus in manufacturing EV motors are of intricate and elaborate nature in efforts to improve the general performance and efficiency of the motors. This involves trimming the cost of various components, including electrical steel, and employing sophisticated manufacturing methodologies like laser cutting and welding to achieve the superior efficiency characteristic of the stator. Furthermore, the use of new cooling systems, including the so-called liquid cooling in stators, is serving as a means of enhancing the motor's power density so as to achieve even higher outputs that are crucial for meeting the emerging performance requirements of EVs.

In addition, the increased use of PMSMs in EVs is also influencing the stator segment to grow in the automotive sector. Compared to many other electrical machines, PMSMs are known to be highly efficient and of high power density. Thus, it is easily controllable, and these characteristics make it suitable for use in EVs. Investigations have shown that the design of the stator used in the PMSM is a key factor in the performance of the motor. Researchers are constantly striving in an effort to get the best out of the stator, thus improving the efficiency and performance of these motors.

With the global EV market progressing due to factors including government incentives, emerging environmental consciousness, and improving technology with regard to EVs, there will be a greater need to develop motors for EVs that can ensure enhanced efficiency and power. This will, in turn, lead to more technological innovations in the stator equipment segment and, thereby, keep on propelling the demand for the stator segment throughout the electric vehicle motor market.

EV Motor Market Geographical Outlook

• The Asia Pacific region to dominate the EV motor market during the forecast period.

The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries. India and China have about 35.5% of the world's population. This region is expected to dominate the EV motor market during the forecast period owing to the region being the home of several countries, as mentioned above, which have significant production capacities, driving the demand for eco-friendly materials.

It is predicted that the Asia-Pacific (APAC) will remain the largest consumer of the EV motor market throughout the forecast period because of several features, as discussed below. China remains at the forefront of EV sales, controlling nearly 60% of the global market share in 2022. This is primarily because of government stimulus policies, increasing pollution awareness, and the need for fuel-efficient and low-emission vehicles. The report on the market for EV motors has highlighted that the increasing number of electric vehicle manufacturers, including BYD, SAIC Motor, and Hyundai Motor Company, are investing in research and development of the motors for EVs, which will help in the EV motor market expansion. Moreover, the Asia-Pacific countries also plan to install EV charging stations in large quantities to cater to the increasing number of cars on the road, which shall support the use of EV motors and increase their demand. The changing demographics and evolutionary nature of emerging economies such as India and China have also been cited to increase EV companies' prospects and spur the demand for EV motors.

The EV motor market Key Developments:

• In December 2022, auto component maker Shriram Pistons Ltd pledged to acquire a majority stake in Singapore-incorporated EMF Innovations Pte Ltd, specializing in customized electric motors for all different types of EVs. The deal would be affected by SPR Engineous, a subsidiary of Shriram Pistons Ltd operating from India but has an Indian rupee account in Hong Kong. The companies will venture into the EV market with this deal and serve all EV market segments
• In October 2022, Bosch Mobility Solutions made an informed decision to spend USD 260 million to increase the output of electric vehicle motors to accommodate the Rivian R1T pickup truck production in Charleston, a city located in South Carolina, in the United States of America.
• An electric motor and electric vehicle parts manufacturing hub was inaugurated in November 2022. Established with an investment of USD 715 million by Nidec Corporation in Mexico, it manufactures electric motors and e-axle drives for electric vehicles. The plant will initially produce 200,000 vehicles yearly, with a plan to expand the capacity to one million vehicles annually when it comes online in April 2023 or March 2024.
• It is important to mention that the company Brose Fahrzeugteile GmbH & Co. KG initiated the second construction of buildings in Bamberg in October 2022. The expansion is serious; it will extend the current building by 10000 sq m, and therefore, the workspaces will be 1200 up from the current 600. Currently, the company is in the process of expanding the premises it occupies by investing EUR 60 million (USD 62. 4 million).
• In August 2022, realizing this potential required the continuous accumulation of resources and capital that were usually invested in the company by the parent company. This was the case with Brose Fahrzeugteile GmbH & Co. KG, which invested EUR 1. Five million (USD 1. 56 million) was earmarked for doubling the EMC measurement capability at the Wurzburg Research and Development Center in Germany.
• Siemens sold its stake to Valeo SA in February 2022, forming the joint electric vehicle components maker Valeo Siemens eAutomotive, which produces motors, axles, and powertrain electronics for EVs.

The EV motor market is segmented and analyzed as follows:

By Vehicle Type

• Two-Wheeler
• Three-Wheeler
• Passenger Vehicle
• Commercial Vehicle

By Component

• Motor Stator
• Rotor, Shaft and Bearing
• Permanent Magnet
• Casing
• Wiring & Connectors

By Power Rating

• Up to 20KW
• 20KW to 100KW
• 100KW to 250KW
• Above 250KW

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• Saudi Arabia
• United Arab Emirates
• Rest of Middle East and Africa
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Rest of Asia-Pacific

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base and Forecast Years Timeline
• 1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Process

3. EXECUTIVE SUMMARY

• 3.1. Key Findings
• 3.2. Analyst View

4. MARKET DYNAMICS

• 4.1. Market Drivers
  • 4.1.1. Strict government regulations and policies to drive the market growth
  • 4.1.2. Replacement and Minimal use of Rare Earth Metals in Permanent Magnets
• 4.2. Market Restraints
  • 4.2.1. High manufacturing costs for EVs
  • 4.2.2. Threats from Substitutes
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. The Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis

5. EV MOTOR MARKET BY VEHICLE TYPE

• 5.1. Introduction
• 5.2. Two Wheeler
• 5.3. Three Wheeler
• 5.4. Passenger Vehicle
• 5.5. Commercial Vehicle

6. EV MOTOR MARKET BY COMPONENT

• 6.1. Introduction
• 6.2. Motor Stator
• 6.3. Rotor, Shaft and Bearing
• 6.4. Permanent Magnet
• 6.5. Casing
• 6.6. Wiring & Connector

7. EV MOTOR MARKET BY POWER RATING

• 7.1. Introduction
• 7.2. Up to 20KW
• 7.3. 20KW to 100KW
• 7.4. 100KW to 250KW
• 7.5. Above 250KW

8. EV MOTOR MARKET BY GEOGRAPHY

• 8.1. Global Overview
• 8.2. North America
  • 8.2.1. United States
  • 8.2.2. Canada
  • 8.2.3. Mexico
• 8.3. South America
  • 8.3.1. Brazil
  • 8.3.2. Argentina
  • 8.3.3. Rest of South America
• 8.4. Europe
  • 8.4.1. United Kingdom
  • 8.4.2. Germany
  • 8.4.3. France
  • 8.4.4. Italy
  • 8.4.5. Spain
  • 8.4.6. Rest of Europe
• 8.5. Middle East and Africa
  • 8.5.1. Saudi Arabia
  • 8.5.2. United Arab Emirates
  • 8.5.3. Rest of Middle East and Africa
• 8.6. Asia-Pacific
  • 8.6.1. China
  • 8.6.2. India
  • 8.6.3. Japan
  • 8.6.4. South Korea
  • 8.6.5. Taiwan
  • 8.6.6. Thailand
  • 8.6.7. Indonesia
  • 8.6.8. Rest of Asia-Pacific

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 9.1. Major Players and Strategy Analysis
• 9.2. Market Share Analysis
• 9.3. Mergers, Acquisitions, Agreements, and Collaborations
• 9.4. Competitive Dashboard

10. COMPANY PROFILES

• 10.1. Aisin Seiki Co. Ltd
• 10.2. Toyota Motor Corporation
• 10.3. Hitachi Automotive Systems
• 10.4. DENSO Corporation
• 10.5. Honda Motor Company Ltd
• 10.6. Mitsubishi Electric Corp.
• 10.7. Magna International
• 10.8. Robert Bosch GmbH
• 10.9. BMW AG
• 10.10. Nissan Motor Co. Ltd
• 10.11. Tesla Inc.
• 10.12. Toshiba Corporation
• 10.13. BYD Co. Ltd