Global Electric Vehicle Motor Market 2018-2022 by Power Rating - Market to Grow at a CAGR of 20.79%

Global Electric Vehicle Motor Market 2018-2022 by Power Rating - Market to Grow at a CAGR of 20.79%

PR Newswire

DUBLIN, Feb. 9, 2018

DUBLIN, Feb. 9, 2018 /PRNewswire/ --

The "Global Electric Vehicle Motor Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

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Global electric vehicle motor market to grow at a CAGR of 20.79% during the period 2018-2022.

One of the major drivers for this market is the increasing sales of electric vehicles. EVs. Unlike the ICE-powered vehicles, the EVs significantly reduce the air pollution as they do not emit harmful pollutants, such as particulates, carbon monoxide, hydrocarbons, and volatile organic compounds. The factors driving the demand for EVs are various benefits and perks provided by the governments, increased awareness to curb the emission of greenhouse gas, stringent carbon emission norms like reducing the average CO2 emission emitted by the fleets of OEMs, increase in participation from the foreign as well as the regional players for the development of EVs, and increased buyers' intent to adopt EVs.

The latest trend gaining momentum in the market is OEMs focusing on connected EVs. The adoption rate of EVs by end-users is mainly restricted due to range anxiety. Many OEMs have started developing connectivity module, which will be a standard unit in EVs, to alleviate the problem shortly.

Further, the report states that one of the major factors hindering the growth of this market is the high cost of batteries used in EVs. The high price of the battery in the EVs is a big barrier to their wider adoption. Although the battery prices had significantly declined by nearly 80% since 2010, the battery cost in the EV still constitutes a significant portion of the total EV cost. As of 2016, the projected pack cost of a battery was around $227/kWh, which means that a 60-kWh battery (excluding additional systems like high voltage wiring, emotors, inverters and on-board chargers) in an EV will be around $13,620.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation by Power Rating

Part 08: Regional Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/f2b55m/global_electric?w=5

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