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In an electric vehicle drive system, an electric motor for electric vehicle converts the stored electrical energy in a battery to mechanical energy. Today, electric mobility on the back of technological improvements are expanding lucrative opportunities for the companies involved in the manufacturing of electric motors for electric vehicles. Electric motors for electric vehicles should have important attributes like simple design, high specific power, low maintenance cost, and robust control. Importantly, government policies will continue to be the linchpin for electric motors for electric vehicle market over the promising years of the forecast. The rapid domination of electric buses across the world, predominantly in China will spur the sales of electric motors for electric vehicles. Further, in the coming years, fall in the sales of conventional cars owing to long-term advantages associated with electric cars to impact the global electric motors for electric vehicles market substantially.

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Global Electric Motors for Electric Vehicle Market: Segments

The global electric motors for electric vehicles market can be segmented on the basis of vehicle type and region

On the basis of vehicle type, the global electric motors for electric vehicles market can be segmented as:

Passenger Cars
Luxury Cars
Compact Cars
Mid-Size
SUV (Sports Utility Vehicle)
Buses

Regional Segments Analyzed Include

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

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List of some of the prominent market participants in the global electric motors for electric vehicle market discerned across the value chain include:

ABB Group
Siemens AG
Toshiba Corporation
WEG Industries
Nidec Corporation
Denso
Continental AG
Magna International
TM4 Inc.
Hitachi Automotive Systems

Pertinent aspects this study on the Electric Motors for Electric Vehicle market tries to answer exhaustively are:

• What is the forecast size (revenue/volumes) of the most lucrative regional market?
• What is the share of the dominant product/technology segment in the Electric Motors for Electric Vehicle market?
• What regions are likely to witness sizable investments in research and development funding?
• What are Covid 19 implication on Electric Motors for Electric Vehicle market and learn how businesses can respond, manage and mitigate the risks?
• Which countries will be the next destination for industry leaders in order to tap new revenue streams?
• Which new regulations might cause disruption in industry sentiments in near future?
• Which is the share of the dominant end user?
• Which region is expected to rise at the most dominant growth rate?
• Which technologies will have massive impact of new avenues in the Electric Motors for Electric Vehicle market?
• Which key end-use industry trends are expected to shape the growth prospects of the Electric Motors for Electric Vehicle market?
• What factors will promote new entrants in the Electric Motors for Electric Vehicle market?
• What is the degree of fragmentation in the Electric Motors for Electric Vehicle market, and will it increase in coming years?

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