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

  • Modern day cars are ‘outsmarting their drivers’
    October 23, 2015
    The average UK driver is currently being outsmarted by their own car, according to new research. The survey of 1,000 British car owners, carried out by BookMyGarage.com, found that 73per cent don’t understand how to use all of the high tech gadgets and safety features in their vehicle. This is despite over half of British adults admitting they were sold on the car they bought because of the features it offered.
    Read More
  • Study reveals unexpected effects of replacing fuel tax
    December 16, 2016
    Eric O’Rear, Wallace Tyner and Kemal Sarica examine the far-reaching implications of replacing fuel taxes with a mileage tax. Lawmakers at both the federal and state level are frustrated over declining fuel tax revenues as they struggle to fund projects for constructing and maintaining state-wide infrastructure.
    Read More
  • A carbon free and accident free Europe by 2015?
    February 2, 2012
    By 2050, the Europe Commission aims to make transport in Europe carbon- and accident-free. Between now and then, however, a significant technological development and deployment effort is needed. Here, Neelie Kroes, European Commission Vice-President for the Digital Agenda, talks about what's being done. In many respects, COOPERS, CVIS and SAFESPOT, set up by the European Commission (EC) to explore the potential of cooperative infrastructure systems, are already legacy projects. Between them, the three devel
    Read More
  • Canada looks to HOT lanes to tackle congestion
    March 16, 2017
    David Crawford sees an evidence-based approach to HOT lane conversions. Canada’s first high occupancy toll (HOT) lanes opened on 16 September 2016 as a pilot on a 16.5km section of existing high occupancy vehicle (HOV) lanes running in both directions along Toronto’s Queen Elizabeth Way. Promised in two recent budgets
    Read More

Highlighted Content