Hub Motor Market by Installation, Vehicle, Motor and Region - 2025 | MarketsandMarkets™
The global Hub Motor Market is projected to grow
at a CAGR of 5.03% during the forecast period to reach USD 11.17 billion by 2025
from an estimated USD 7.92 billion in 2018. The base year for the report is 2017,
and the forecast period is from 2018 to 2025. The growth of the hub motor market is driven by increased performance,
driving range, reliability, and provision for improved electric two-wheeler
performance similar to ICE vehicles. Additionally, it can reduce vehicle part
count, complexity, and cost by integrating motor controller into the system.
The system can also be combined with regenerative braking to enhance
performance and increase distance coverage.
The major hub motor vendors include QS Motor
(China), Schaeffler (Germany), Michelin (France), Jiashan Neopower
International Trade (China), Elaphe (Slovenia), NTN (Japan), Tajima EV (Japan),
TDCM Corporation (Taiwan), Go SWISSDRIVE (Switzerland), MAC Motor (China), Leaf
Motor (China), and Robert Bosch (Germany). These players have adopted various
growth strategies, such as partnerships, agreements, and collaborations; and
new product launches, to further expand their presence in the global hub motor
market. Partnerships and new product launches have been the most dominating
strategy adopted by major players from 2016 to 2018, which helped them innovate
on their offerings and broaden their customer base.
QS Motor is one of the leading players in the global hub
motor market. The company is
known for the high rate of innovation in hub motors. In July 2018, QS Motor
launched a cool liquid assembly designed for 14 kW hub motor with the heat
sink, which avoids efficiency hampering issues such as overheating of the motor
at high loads.
Request Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=62957995
In April 2018, NTN developed the air-cooled hub motor
driving system and vehicle motion control system. It would provide technical
support to the FSAT, which, in turn, will produce lightweight New Energy
Vehicles (NEVs) that adopt the hub motor driving system. In
2017, NTN developed the industry's first “eHUB,” which combines a motor
generator with a hub bearing used to support wheel rotation.
Another
important player in the industry is Schaeffler, which is the
second largest player in the hub motor market, followed by Michelin, Jiashan
Neopower International Trade, and Elaphe. Schaeffler’s wheel-hub drive enables
innovative new vehicle concepts. The complete integration of the electric
motor, power electronics, and the control unit installed directly in the wheel
enables new degrees of functional freedom along with installation space
advantages compared to conventional drive concepts.
About
MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on
30,000 high growth niche opportunities/threats which will impact 70% to 80% of
worldwide companies’ revenues. Currently servicing 7500 customers worldwide
including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers
across eight industries worldwide approach MarketsandMarkets™ for their
painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are
tracking global high growth markets following the "Growth Engagement Model
– GEM". The GEM aims at proactive collaboration with the clients to
identify new opportunities, identify most important customers, write
"Attack, avoid and defend" strategies, identify sources of
incremental revenues for both the company and its competitors. MarketsandMarkets™
now coming up with 1,500 MicroQuadrants (Positioning top players across
leaders, emerging companies, innovators, strategic players) annually in high
growth emerging segments. MarketsandMarkets™ is determined to benefit more than
10,000 companies this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive intelligence and
market research platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper understanding of the unmet insights
along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
Comments
Post a Comment