Demand For Electric Vehicle Traction Motors Continues To Grow.

11 Aug 2017 07:40

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Motors and generators manufacturers are offering advance technologies for a wide range of electric vehicles. Technologies being offered include electric vehicle traction motors and belt driven and integrated starter generators. Electric vehicle traction motors are also known as rotating electric machines is an electric motor used for propulsion of a vehicle, whereas integrated starter generators allows engine vehicle to restart after the idle stops to save fuel and emissions. For instance, according to a report by IDTechEX electric vehicle traction motor was expected to exceed $25 billion by 2025, thus indicating high demand for electric vehicle traction motor technology.


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The Business Research Company expects the motors and generators manufacturers market to grow to $133 billion in 2020. Asia Pacific was the largest region in the motor and generator manufacturing market in 2016, accounting for $50 billion or 44.9% market share.

The chart below shows the year-on-year growth of the global motors and generators manufacturers market during 2016 - 2020.


According to The Business Research Company’s Electronics Consultant, Sindhu Kanuri, motors and generators manufacturers are deploying predictive maintenance technologies to minimize breakdowns in manufacturing facilities. Predictive maintenance techniques determine the condition of equipment and predict failures that may occur. Various techniques used for predictive maintenance include vibration analysis, ultrasound, wear particle analysis and thermography. Use of smart sensors is another such technique that picks up data on certain parameters to reduce the chances of failure. For instance, ABB has introduced condition monitoring for low voltage motors through smart sensors that can be attached to motors without wiring. This sensor uses on-board algorithms to provide information on the condition of the motor through internet.

ABB Group was the largest competitor in the motor and generator manufacturing market in 2016 with revenues of $8.2 billion by the year 2016 from ABB Group’s discrete automation and motion division, which includes motor and generator manufacturing. The company’s growth strategy is to restructure the company divisions for better product classification, customer focus and productivity.

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Motors and generators manufacturing companies manufacture electric motors, power generators and motor generator sets. This industry does not include companies manufacturing internal combustion engine starting motors, power generators and motor generator sets. This industry also includes establishments rewinding armatures on a factory basis.

The motors and generators industry is categorized into the following segments

Motor Manufacturing establishments produce machines that convert electrical energy into mechanical energy and supply motive power to devices. Some devices that use electric motors include fans, blowers, household appliances, disk drives, batteries and power tools.

Generator Manufacturing companies manufacture machines that convert mechanical energy into electrical energy through the movement of electric charges in the generator’s windings for use in external circuits. This segment does not include manufacturing of turbine generator sets, internal combustion, welding and generators for battery storage in aircrafts.

Motors And Generators Manufacturers Market Briefing is a detailed report giving a unique insight into this market. The report is priced at $1000 for an individual user. To use across your office the price is $1500 and $2000 if you wish to use across a multinational company.

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