Huge demand for EV automotives drives electric motor market

Reliable market researcher Yole reported the electric motor market to exceed US$13 billion by 2027, with major technical innovations and a supply chain reorganization. The other market findings, comments and facts and figures shared by Yole includes: The traction motor market is dominated by big OEMs: Tesla, BYD, and Volkswagen shared more than 40% of the market in 2021.ably powerful Apple M1 Ultra SoC. The full-electric vehicle market is expected to represent more than 17% of the total passenger and light commercial vehicle market by 2027. Multi-motor adoption and motor power evolution are two other trends expected to increase the EV traction motor market. Today, one of the main drivers for power electronics is vehicle electrification. The vehicle electric motor is a key part of the powertrain and any change in the motor will impact the characteristics of the other components of the powertrain, such as the battery and inverter. Abdoulaye Ly Technology & Market Analyst, Power Electronics at Yole comments: “Four technologies are mainly used in traction motors in full EV s. They are PMSMs ; PMaSynRMs , Ims and EESMs . Today, PMSM technology is widespread in the EV industry. At Yole, we expect it to remain the primary technology in the coming years thanks to its high power density and efficiency at normal speeds. Also, China is the biggest EV market, and almost all...