US Electric Vehicle Motor Market Trends, Size, Competitive Analysis and Forecast 2019-2025

US electric vehicle motor market is anticipated to grow at a CAGR of more than 17% during the forecast period, 2019-2025. In the country, a downfall in EV sales was registered in 2019, due to the high cost of EV and stable fossil fuel prices. Around 325,000 EVs were sold in the US in 2019 which is around 2% of the total vehicle sales in the country. However, the presence of major market players in the country is one of the major motivators for market growth as they are constructing new EV manufacturing units. Tesla Inc. is one of the major players of EVs globally and whose sales are increasing continuously. The first European plant of Tesla started construction in November 2019, and to date, the vehicle supply will be maintained from Chinese and US plants mainly. Moreover, significant investments are witnessed in the country from the automaker in electric vehicle manufacturing which will create the demand for electric vehicle motors in the country. For instance, in January 2020, General Motors announced to invest $2.2 billion in constructing a new electric vehicle plant in Detroit. In addition, Volkswagen AG announced to invest an additional $800 million in the Chattanooga plant for EV manufacturing. These types of investments are expected to provide significant growth to the electric vehicle motor market in the country. 

To Request a Sample of our Report on US Electric Vehicle Motor Market: https://www.omrglobal.com/request-sample/us-electric-vehicle-motor-market

US electric vehicle motor market is segmented on the basis of motor type, propulsion technology, and vehicle type. On the basis of motor type market is further analyzed into AC motor and DC motor. By propulsion technology, the market is further divided into battery electric vehicles and plug-in hybrid electric vehicles. During the forecast period, the battery-electric vehicle segment is expected to show significant market growth in the country. By vehicle type, the market further analyzed into passenger cars, commercial vehicles, and others. The passenger vehicle segment will have a major market share during the forecast period. 

(Get 15% Discount on Buying this Report)

A full Report of US Electric Vehicle Motor Market is Available at: https://www.omrglobal.com/industry-reports/us-electric-vehicle-motor-market

US Electric Vehicle Motor Market Segmentation

By Motor Type

·         DC Motor 

·         AC Motor

By Propulsion Technology 

·         Battery Electric Vehicle (BEV)

·         Plug-in Hybrid Electric Vehicle (PHEV) 

By Vehicle Type

·         Passenger Cars 

·         Commercial Vehicle 

·         Other (Two-Wheeler)

Company Profiles

·         ABB Ltd.

·         BorgWarner Inc. 

·         Continental AG 

·         Hitachi Automotive Systems, Ltd.

·         Nidec Corp.

·         Parker-Hannifin Corp.

·         Protean Electric

·         Robert Bosch GmbH

·         Siemens AG

·         SKF AB

·         Tesla Inc.

·         Toshiba International Corp. 

·         Valeo SA

·         WEG Industries

·         ZF TRW Automotive Holdings Corp.

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/us-electric-vehicle-motor-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

Comments

Post a Comment

Popular posts from this blog

European Data Backup and Recovery Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

  European Data Backup and Recovery Market are expected to reach $5.7 billion in 2027, growing at a CAGR of 9.5% during the forecast period (2021-2027). Factors responsible for the growth of the market in Europe are well-developed telecommunication infrastructure, high internet penetration, high adoption of cloud-based devices among people and organization. Regulations regarding the data localization such as GDPR by the European Union and countries own data localization and protection act are providing growth to the market. Major economies which are expected to hold a considerable market are UK, Germany, France, Italy, and Spain. These economies are part of the European Union, which covers most of the continent. The aim of the European Union was to increase economic cooperation and encourage free trade among countries. To Request a Sample of our Report on European Data Backup and Recovery Market :   https://www.omrglobal.com/request-sample/european-data-backup-recovery-...
Read more

Insect Repellent Market Is Likely to Experience a Tremendous Growth by 2031

This informative Insect Repellent Market report provides new method and covers foremost regions such as Latin America, Middle East, North America, Europe, Africa and Asia Pacific. Making most out of the consumer insights and market opportunities, market players can boost up the revenue rate of their business. It also permits key organizations to make communication with customers and know their demands for making right investment in the product development. By increasing the product portfolio by referring the important market data provided in this Insect Repellent Market research report, key players can grow and expand their business forward. Continuously developing customer demands are also described in this global report to help new entrants make required changes in the final product launch and then bring into the market. It becomes easy for key players to prioritize the demands and requirements of target audience and have complete understanding of end-user experience with the help o...
Read more

Asia-Pacific Urban Air Mobility Market Growth, Size, Share, Industry Report and Forecast 2019-2025

The Asia-Pacific urban air mobility market is estimated to grow at a CAGR of 12.6% during the forecast period. The Asia-Pacific urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. The infrastructure segment is further segmented into charging stations, traffic management, and others whereas, the platform segment is further classified into air taxi, personal air vehicle, air ambulance, and others. The platform segment dominated the global urban air mobility market. To Request a Sample of our Report on Asia-Pacific Urban Air Mobility Market :   https://www.omrglobal.com/request-sample/asia-pacific-urban-air-mobility-market Asia-Pacific is home to several emerging economies and is seen as the potential market for the UAM owing to growing urbanization coupled with increasing traffic congestion and increasing high-income groups in the region. The growth of the As...
Read more