The Global Brushless Hub Motors Market size is projected to grow at a CAGR of 5.0% during the forecast period (2021-2028) and the market is projected to reach USD 2.37 billion by 2028. The study includes the drivers and restraints of the market along with their impact on the demand for these motors in various regions across the globe. It also provides current and future trends that will determine how efficiently these motors are used for different types of applications over time.
Brushless hub motors are motorized devices that convert electrical energy into mechanical power, and they play a vital role in the mobility of various types of vehicles such as passenger cars and commercial trucks. These electric motors have become popular because they are more efficient than their predecessors, which were based on brushed DC motors. The efficiency is achieved by using permanent magnets in the rotor. The brushless hub motors are a three-phase device that does not need brushes or commutators, making them simpler and more reliable than standard brushed DC motors, with fewer moving parts.
On the basis of Types, the market is segmented into Less than 700 Nm and More than 700 Nm.
The Less than 700 nm motors are a sub-segment of the brushless hub motor that generates less power (less than 750W) because they have a lower torque rating as compared to their counterparts with higher ratings. They work well for small vehicles like scooters, mopeds, motorcycles, and recreational bikes. These types provide better fuel efficiency by operating on low voltage and speeds while reducing overall costs. In addition, these devices do not require external cooling systems thus making them cost-effective in comparison to other types available in this range such as PMDC which requires an expensive system of permanent magnets cooled by liquid coolant or fans.
Brushless hub motors are classified by the power they can deliver. Brushless hub motor’s typical output range from less than 700 Nm and more than 700Nm. Less than 700 Nm is a general-purpose type of brushless hub motor that provides average torque over an entire speed range, which makes it best for driving in complex terrain or on rough roads at low speeds. More than 700 NM allows greater acceleration capability with high initial torque before its maximum level is reached to provide better performance when accelerating quickly from higher speeds or carrying heavy loads uphill. These types of models have their own advantages but both should be considered as part of an overall vehicle solution depending on specific needs.
On the basis of Application, the market is segmented into Passenger Vehicles and Commercial Vehicle.
In the passenger vehicle segment, brushless hub motors are being used in eco-friendly and low emissions vehicles. The global trend of electric propulsion has led to an increase in the demand for these motors, which is expected to grow further over the next decade. Passenger cars that use this technology offer similar performance as their combustion engine counterparts while reducing any potential environmental impact or noise pollution associated with them.
The use of brushless hub motors in Commercial Vehicles is on the rise, owing to their high efficiency and reliability. This has helped make them one of the most popular alternative powertrain solutions for commercial vehicles. Notably, there are a number of factors contributing to this trend such as growing awareness about environmental protection and emissions reduction among both OEMs and end customers; advancements in brushless technologies which help improve fuel efficiency by up to 30%; increase in battery costs that lead to lower running cost over time; driver’s preference for a quieter ride due to less noise emission from the electric drive system, etc.
On the basis of Region, the market is segmented into North America, Latin America, Europe, and the Asia Pacific. North American Brushless Hub Motors Market accounted for the largest share in 2018 due to a fast-growing e-mobility market with increasing demand from electric vehicle OEMs such as Tesla Inc., General Motors Company (GM), Ford Motor Corporation, and Nissan Motor Co., Ltd.
Asia Pacific is likely to grow at the highest CAGR during the forecast period on account of increasing demand for passenger vehicles in emerging economies such as India and China.
Europe is likely to grow at the second-highest CAGR during the forecast period due to stringent emission norms and increasing demand for passenger vehicles such as electric buses from China.
Latin America is likely to be among the fastest-growing regions in terms of market size on account of increased investments by local OEMs like Volkswagen AG, Toyota Motor Corporation (Toyota), etc., who are expanding their production capacity for e-mobility models in Mexico.
The growth factors that will have the most impact on the global brushless hub motors market are:
(I) increasing demand for electric vehicles.
(ii) rising adoption of hybrid and electric cars due to increased environmental awareness.
iii) technological advancements in power train technology with developments in regenerative braking systems.
Other Growth factors are an increase in the number of SUVs and CUV, improvement in electric vehicle range per charge (250-350 miles), and increasing demand for better fuel efficiency.
Up Market Research published a new report titled “Brushless Hub Motors Market research report which is segmented by Types (Less than 700 Nm, More than 700 Nm), By Applications (Passenger Vehicles, Commercial Vehicles), By Players/Companies Protean Electric, Ziehl-Abegg, Schaeffler Technologies, ZF Friedrichshafen, Elaphe, Heinzmann GmbH, TM4, Evans Electric, Siemens, Kolektor, Printed Motor Works, NSK, NTN Corporation, GEM Motors”.
|Report Attributes||Report Details|
|Report Title||Brushless Hub Motors Market Research Report|
|By Type||Less than 700 Nm, More than 700 Nm|
|By Application||Passenger Vehicles, Commercial Vehicles|
|By Companies||Protean Electric, Ziehl-Abegg, Schaeffler Technologies, ZF Friedrichshafen, Elaphe, Heinzmann GmbH, TM4, Evans Electric, Siemens, Kolektor, Printed Motor Works, NSK, NTN Corporation, GEM Motors|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||232|
|Number of Tables & Figures||163|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Less than 700 Nm, More than 700 Nm and By Application Passenger Vehicles, Commercial Vehicles.
Some of the companies that are profiled in this report are:
Brushless Hub Motors Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Brushless Hub Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Brushless Hub Motors Market Report:
Some other reports from this category!