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

  • May 30, 2012
    Smart transport systems investment will continue to grow despite public sector cuts
    The ITS sector is now going through an evolution driven by the maturation of communications technologies and their increasing adoption in major cities worldwide. The widespread availability of high-speed networks, both fixed and wireless, along with the ability to embed intelligence in physical objects throughout the urban environment and the diffusion of mobile devices that can send and receive real-time vehicle or infrastructure information, is driving the adoption of smart transportation systems in citie
    Read More
  • April 23, 2012
    VW presents electric mobility research
    Volkswagen, in cooperation with six project partners and the German Ministry of the Environment, is presenting the current status of the ‘Fleet study in electric mobility’ that was initiated in July 2008. The primary goal of the project, which runs until June 2012, is to consistently utilise renewable energy sources for electrically powered vehicles. Within the framework of the fleet study, Volkswagen is using a total of 20 of the latest generation Golf Variant TwinDrive cars as research vehicles.
    Read More
  • January 30, 2012
    Road design as a primary aid to speed enforcement?
    Letty Aarts, senior researcher, SWOV institute for road safety research, the Netherlands, discusses how road design can act as a primary aid to speed enforcement
    Read More
  • September 19, 2017
    New services and equipment helps cities tackle air quality issues
    With poor urban air quality shortening lives and fines being imposed for breaching pollution limits, authorities are seeking ways to clean up their cities. Poor air quality is topping the agenda for city authorities across the globe. In the UK, for example, a report from the Royal Colleges of Physicians and of Paediatrics and Child Health, concluded that poor outdoor air quality shortens the lives of around 40,000 people a year – principally by undermining the health of people with heart and/or lung prob
    Read More

Highlighted Content