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.

Related Content

  • January 17, 2014
    Transportation systems, analytics market to reach US$57.46 billion by 2018’
    A new study by MarketsandMarkets predicts that the global transportation analytics and system market is expected to grow from US$28.09 billion in 2013 to US$57.46 billion by 2018, at an estimated compound annual growth rate (CAGR) of 15.4 per cent from 2013 to 2018. Major players in the transportation systems and analytics market are Cellint, Cubic Corporation, Deltion, Garmin, IBM, Inrix, Kapsch, Kewill, Oracle, Qualcomm, Ryder Systems, Thales, Tomtom and Traffic Master. The recent trend in the indus
    Read More
  • November 27, 2013
    Advanced Driver Assistance Systems: a solution or another problem?
    Do Advanced Driver Assistance Systems represent a positive step forward for safety, or something of a safety risk? Jason Barnes discusses the issue with leading industry figures. Advanced Driver Assistance Systems (ADAS) are already common. Anti-lock brakes or electronic stability control are well understood and are either fitted as standard or frequently requested by new vehicle buyers. More advanced ADAS features are appearing on many top-end vehicles and the trickle-down has already started. Adaptive
    Read More
  • July 1, 2013
    Volvo tests electric road
    Researchers at the Volvo Group are looking into a future where trucks and buses are continuously supplied with electric power without carrying large batteries. Instead, power lines are built into the surface of the road. This could be a future solution for long-distance trucks and buses running on electricity. “In city traffic, there are currently various solutions and we are researching many others. We have field tests in progress where our plug-in buses are equipped with a battery that can be charged quic
    Read More
  • June 27, 2012
    The need for a higher voltage power net for vehicles
    Electrification of the automobile is not limited to the electric vehicles (EVs). As a new report from Frost & Sullivan points out, conventional cars of today are partly electric in their own way, with most systems in the vehicle having electrical and electronic connections for better functionality. Certain high-end vehicles possess more than 90 electronic control units (ECUs) to control the various modules within the car, making the car both sophisticated and complicated. However, added functions such as el
    Read More

Highlighted Content