Hub motor for electric vehicle, also referred to as in-wheel hub motor, or electric hub, or wheel hub motor, is an electrical motor attached to the wheels of an automobile, designed typically to drive the wheel directly with higher efficiency. Hub motor for electric vehicles (EVs), which are integrated with wheel bearing and hub is a low-cost solution that offers flexibility, as it can power both rear and front-wheel drive vehicles, as well as all-wheel-drive versions. The hub motor for EVs delivers maximum torque at low rpm, letting the vehicle start. This makes the hub motor ideal for an electric vehicle, as it requires maximum torque at startup.
In terms of cooling type, the water cooled segment holds a prominent share of the hub motor market for EVs. Water cooled system provides continuous ventilation to the system, as water/liquid flows through the tubes or passages that are provided on the hub motor system. It also includes all liquid cooled system, which helps lower the temperature of the hub motor.
The OEM segment dominates the hub motor market for EVs. This is due to the hub motor being in the development phase. Furthermore, higher lifespan of the hub motor is projected to propel the OEM segment of the market during the forecast period. Moreover, significant expansion of the automotive industry and rising export of EVs from the China, and Japan are projected to drive the hub motor market for EVs in the Asia Pacific region.
Asia Pacific accounts for a prominent share of the global hub motor market for EVs. Surge in adoption of electric buses in Asia Pacific is a major factor boosting the hub motor market for EVs in the region.
In 2019, the market size of Hub Motor for Electric Vehicles (EVs) is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Hub Motor for Electric Vehicles (EVs).
This report studies the global market size of Hub Motor for Electric Vehicles (EVs), especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Hub Motor for Electric Vehicles (EVs) production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Protean Electric
Ziehl-Abegg
Schaeffler Technologies
ZF Friedrichshafen
Elaphe
Heinzmann GmbH
TM4
Evans Electric
Siemens
Kolektor
Printed Motor Works
NSK
NTN Corporation
GEM Motors
e-Traction
Hyundai Mobis
YASA Limited
Market Segment by Product Type
Water Cooled
Air Cooled
Market Segment by Application
Passenger Vehicles
Commercial Vehicles
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Hub Motor for Electric Vehicles (EVs) status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Hub Motor for Electric Vehicles (EVs) manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Hub Motor for Electric Vehicles (EVs) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Hub Motor for Electric Vehicles (EVs). Industry analysis & Market Report on Hub Motor for Electric Vehicles (EVs) is a syndicated market report, published as Global (United States, European Union and China) Hub Motor for Electric Vehicles (EVs) Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Hub Motor for Electric Vehicles (EVs) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.