IDTechEx forecasts electric motor systems to become a US$400 billion market in 2027

IDTechEx Research finds that the traction motor business will rise to around US$400 billion in 2027. Its report, Electric Motors for Electric Vehicles 2017-2027, navigates the jargon, the design options and the disagreements. The changing needs and evolving technology are matched to create ten year market forecasts and technology timelines based on recent intensive travel and interviews by expert PhD level analysts. The report reveals how the rotating electric machine (REM) system is taking a larger sha
March 24, 2017 Read time: 2 mins
6582 IDTechEx Research finds that the traction motor business will rise to around US$400 billion in 2027. Its report, Electric Motors for Electric Vehicles 2017-2027, navigates the jargon, the design options and the disagreements. The changing needs and evolving technology are matched to create ten year market forecasts and technology timelines based on recent intensive travel and interviews by expert PhD level analysts.
 
The report reveals how the rotating electric machine (REM) system is taking a larger share of costs over the years as simpler batteries become cheaper. By contrast, REM systems are variously being asked to grab regenerative energy, eliminate transmission, provide better speed/torque characteristics and even form part of the structure such as tucked into the wheel with brake and controller. In hybrids add take-off. Crucially, in addition to becoming motor-generators, more REMs are being used per vehicle for reasons explained in the report, which has in-wheel forecasts for that form of multi-motor.
 
Electric Motors for Electric Vehicles 2017-2027 reports that increasingly the choice of REM system benefits the unique selling propositions of the vehicle. Where it eliminates the need for a gearbox it can increase range 15%. Extreme power-to-weight ratio REMs are sought for most vehicles.
 
The report includes chapters fully explaining the technology and how it fits with all vehicles, making sense of this sometimes confusing industry through infographics, roadmaps and forecasts. Future trends for electric motors and alternative powertrains are thoroughly examined alongside detailed activities of 170 traction motors manufacturers. Primary interviews by IDTechEx experts with key players provide unique insights.
 
Ten important trends receive particular attention in the report: Multifunction; proliferation; integration; power increase; voltage increase; less metal/more electronics; new technology preferences; changed location; less cooling.

For more information on companies in this article

Related Content

  • Need for best practice enforcement standards
    February 3, 2012
    Leading systems suppliers discuss how recent events in Italy have affected the automated enforcement sector and how the situation might be remediated
    Read More
  • Safety issues fuel interest at PIARC’s tunnel conference in Lyon
    December 5, 2018
    1999’s fatal Mont Blanc fire means safety is a constant concern for tunnel operators. Alternative fuels and automated vehicles were also high on the agenda at PIARC’s first conference on the issue. David Arminas reports from Lyon – and walks the Croix-Rousse tunnel More than ever, tunnel management must be done in a holistic fashion. That was the message from André Broto, president of the World Road Associa-tion (PIARC) as he kicked off PIARC’s first International Conference on Tunnel Operations and Safe
    Read More
  • Europe’s car safety framework needs ‘overhaul’
    March 22, 2016
    Vehicle safety innovations are still benefitting too few road users in Europe due to an over-reliance on a voluntary testing programme rather than regulatory standards, according to a new report by the European Transport Safety Council (ETSC). For almost twenty years, increases in levels of car safety in Europe have been driven mainly by the voluntary Euro NCAP programme which awards the safest cars with a 5-star rating. But according to new data, only around half of new vehicles sold in 2013 had been aw
    Read More
  • ITS asset management matters
    April 26, 2013
    Maintenance of on-road ITS kit needs to become more sophisticated; while new technologies can deliver better road maintenance. David Crawford investigates both sides of the issue "Good information is key to effective ITS asset maintenance,” says Ian Routledge of the Ian Routledge Consultancy (IRC), whose Imtrac (Information Management for TRAffic Control) system is poised for European expansion. Developed as an ‘intelligent filing cabinet’ for storing information about on-road equipment, the online database
    Read More

Highlighted Content