Vehicle Electrification Market Players Are Focused on the Traction Motor
Companies are working aggressively to improve vehicle efficiency and reduce the cost of core components
A new report from Navigant Research analyzes how vehicle electrification is driving investment in all aspects of electric motor technologies and control electronics, analyzing trends and providing recommendations for industry players.
Over the last several years, electric vehicles have entered the mainstream, and market share is expected to grow significantly in the coming decades. Today’s automakers and suppliers are dramatically expanding their electrified offerings to achieve gains in fuel efficiency, reductions in emissions, and increases in available electrical power. Click to tweet: According to a new report from @NavigantRSRCH, for market players looking to establish industry leadership, the traction motor is now the focus.
“Automotive manufacturers and suppliers are finally making a concerted shift from a focus on internal combustion engines to partially and fully electrified alternatives,” says Sam Abuelsamid, senior research analyst with Navigant Research. “In their effort to retain profitability while ensuring these new propulsion systems remain affordable to consumers, these companies are working aggressively to improve the efficiency and reduce the cost of some of the core components, particularly the traction motors and power electronics.”
According to the report, numerous manufacturers announced plans in 2017 to offer at least 48 V mild-hybrid powertrains across all vehicles in their lineup. In many cases, manufacturers have reported they will make those offerings standard equipment. All of these vehicles will require electric drive motors, generators, and power electronics for alternating current-direct current (AC-DC) conversion as well as DC voltage conversion to support multiple vehicle subsystems.
The report, Transportation Electrification Drives Motor and Power Electronics Innovation, examines how vehicle electrification is driving investment in all aspects of electric motor technologies and control electronics. The study analyzes the historical, current, and future trends related to electrification solutions for vehicles and discusses the key components of an electric drive system. It also provides detailed and actionable recommendations for industry players on some of the major areas to focus on to help successfully grow the market for these crucial electrification components. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Transportation Electrification Drives Motor and Power Electronics Innovation, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.