Global Electric Vehicle Motor Market Research Report – 2025 Outlook, Trends, Share, Size Forecast
MarkNtel Advisors has released an in-depth report on the Global Electric Vehicle Motor Market, offering critical insights into the market's size, growth, trend, projections, and emerging dynamics. This report delivers a comprehensive analysis of growth opportunities, competitive landscape, technological developments, and evolving consumer demands—equipping industry stakeholders with the data necessary to make informed decisions.
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Global Electric Vehicle Motor Market Trend
Adoption of Silicon Carbide (Sic) In Power Electronics – One of the major trends in the Global Electric Vehicle (EV) Motor Market is the use of silicon carbide in power electronics which improves performance and efficiency. SiC-based inverters improve EV range by 5–10% while reducing power losses by almost 50%. For instance, to increase efficiency and lower the need for a cooling system, Tesla integrated Sic MOSFETs into its Model 3. Improving EV power-to-weight ratios requires smaller and lighter powertrain components which SiC makes possible by enabling higher switching frequencies. Unlike conventional silicon which breaks down at lower temperatures, SiC is more dependable because it can tolerate temperatures above 200°C. The 800V architecture of the Porsche Taycan which allows for an 80 percent charge in just 22 minutes is an example of how SiC technology is anticipated to lead to faster charging times as EV adoption and convenience increase.
Leading Companies and Competitive Landscape of Global Electric Vehicle Motor Market
The competitive landscape of the Global Electric Vehicle Motor Market is shaped by both top giants and emerging players. These companies are actively involved in product launches, mergers acquisitions, and geographical expansions to support their market presence.
Key Market Players Include:
- Siemens AG
- ABB Ltd.
- Nidec Corporation
- Mitsubishi Electric Corporation
- Robert Bosch GmbH
- BorgWarner Inc.
- Continental AG
- Magna International Inc.
- Hitachi, Ltd.
- AISIN CORPORATION
- LG Magna e-Powertrain Co., Ltd.
- Johnson Electric Holdings Limited
- Toshiba Corporation
- GKN Automotive
- Allied Motion Technologies Inc.
- Others
These players are continuously innovating and investing in technological solutions to meet the dynamic needs of the market while maintaining a competitive edge.
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Global Electric Vehicle Motor Market Segmentation and Region
By Vehicle Type
- Electric Passenger Cars
- Sedan
- Hatchback
- SUV
- Electric Commercial Vehicles
- Electric Light Commercial Vehicles
- Electric Light Trucks
- Electric Minivans
- Electric Medium Heavy Commercial Vehicles
- Electric Trucks
- Electric Bus
- Electric Two Wheelers
- Electric Scooters
- Electric Motorcycles
- Electric Three Wheelers
- Electric Light Commercial Vehicles
By Type
- AC Motor
- DC Motor
By Motor Type
- Brushless Motors
- Brushed Motors
- Induction (Asynchronous) Motors
- Switched Reluctance Motors
- Synchronous Motors
By Component
- Motor Stator
- Rotor, Shaft, and Bearing
- Permanent Magnet
- Casing
- Wiring Connectors
- Others
By Power Rating
- Up to 20 kW
- 21 kW to 100 kW
- 101 kW to 250 kW
- Above 250 kW
By Region
- North America
- South America
- Europe
- The Middle East and Africa
- Asia-Pacific
Frequently Asked Questions (FAQs)
- What is the expected CAGR of the Global Electric Vehicle Motor Market during 2025-2030?
- Which region holds the largest market share in the Global Electric Vehicle Motor Market?
- Who are the leading players in the Global Electric Vehicle Motor Market?
- What are the key trends driving the Global Electric Vehicle Motor Market forward?
- What are the major challenges faced by new entrants in the market?
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Scope of the Report
- Provides an unbiased market forecast from 2025 to 2030
- Covers detailed company profiles and competitive analysis
- Includes segment-wise and geography-wise market breakdown
- Offers insights into market drivers, challenges, and trends
- Equips stakeholders with data-backed strategic recommendations
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