Global Electric Passenger Car Motor Market Estimation 2023-2028 Analysis by Key Players, Strategic Assessment & SWOT Analysis

Electric Passenger Car Motor Market A motor is a component that converts battery energy into mechanical energy and drives the wheels of an electric vehicle to rotate. Car driving is characterized by frequent starting, acceleration, deceleration, and parking. High torque is required at low speeds or climbing, and low torque is required at high speeds. The speed range of the motor should be able to meet the requirements of the car from zero to the maximum driving speed, that is, the motor must have a high specific power and power density.
Market Analysis and Insights: Global Electric Passenger Car Motor Market
Due to the COVID-19 pandemic, the global Electric Passenger Car Motor market size is estimated to be worth USD million in 2023 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Permanent Magnet Synchronous Motor accounting for % of the Electric Passenger Car Motor global market in 2021, is projected to value USD million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While PHEV segment is altered to an % CAGR throughout this forecast period.
China Electric Passenger Car Motor market size is valued at USD million in 2021, while the US and Europe Electric Passenger Car Motor are USD million and USD million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Electric Passenger Car Motor landscape, Germany is projected to reach USD million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Electric Passenger Car Motor include Fukuta, BYD, Broad Ocean, ZF Friedrichshafen AG, Bosch, Jing-Jin Electric (JJE), Anhui JEE, Mitsubishi Motors Corporation and Hitachi, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Electric Passenger Car Motor capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2023, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Electric Passenger Car Motor by region (region level and country level), by company, by Type and by Application. from 2017 to 2023 and forecast to 2028.
Global Electric Passenger Car Motor Scope and Segment
Electric Passenger Car Motor market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Electric Passenger Car Motor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

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The Major Players in the Industrial Electric Passenger Car Motor Market include:

  • Fukuta
  • BYD
  • Broad Ocean
  • ZF Friedrichshafen AG
  • Bosch
  • Jing-Jin Electric (JJE)
  • Anhui JEE
  • Mitsubishi Motors Corporation
  • Hitachi
  • USES
  • Shenzhen Greatland Electrics Inc
  • Hepu Power
  • Zhejiang Founder Motor Co.,Ltd
  • Zhuhai Inpower
  • Denso
  • Tesla Motors

By Product Types:

  • Permanent Magnet Synchronous Motor
  • Asynchronous Motor
  • Others

By Applications:

  • PHEV
  • HEV
  • BEV

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