Electric Motors for Electric Vehicles Sales

Electric Motors for Electric Vehicles Sales Market Outlook

The global electric motors for electric vehicles market is projected to reach approximately USD 28 billion by 2035, expanding at a compound annual growth rate (CAGR) of around 15% during the forecast period from 2025 to 2035. The increasing demand for electric vehicles (EVs) due to environmental concerns, government incentives, and advancements in battery technologies are driving market growth. Moreover, the growing emphasis on reducing greenhouse gas emissions and the transition to renewable energy sources are prompting automotive manufacturers to invest heavily in electric motor technologies. Additionally, the expansion of charging infrastructure and the continuous innovation in electric motor designs are contributing positively to market dynamics. The combination of these factors is likely to create a favorable landscape for the electric motors market within the EV sector.

Growth Factor of the Market

The electric motors for electric vehicles market is experiencing robust growth due to a confluence of factors that are enhancing the overall adoption of electric vehicles. One of the primary growth drivers is the global push towards sustainability and lowering carbon footprints, which has led governments and consumers alike to favor electric vehicles over traditional combustion engines. Furthermore, advancements in electric motor technologies are enabling manufacturers to produce more efficient and powerful motors, thus improving the performance and range of EVs. In addition to that, financial incentives provided by governments, such as tax rebates and subsidies for EV purchases, are further encouraging consumers to make the switch to electric vehicles. The rising consumer awareness regarding the benefits of electric vehicles, including lower operating costs and reduced maintenance, is also playing a pivotal role in market expansion. Finally, the growing investments in research and development by automotive companies are facilitating innovations in electric motors and related technologies, leading to enhanced market growth prospects.

Key Highlights of the Market

• The electric motors for electric vehicles market is projected to reach USD 28 billion by 2035.
• CAGR of approximately 15% is anticipated from 2025 to 2035.
• Growing government incentives are driving electric vehicle adoption.
• Technological advancements in motor design enhance efficiency and performance.
• Consumer awareness regarding sustainability is increasing, fostering market growth.

By Motor Type

AC Motors:

AC motors are widely utilized in electric vehicles due to their high efficiency, reliability, and ability to provide strong torque characteristics. They are particularly favored in applications where robust performance is required, such as in electric buses and heavy-duty vehicles. Their design benefits from lower maintenance costs since they do not require brushes, which are commonly found in DC motors. Additionally, AC induction motors can utilize a simpler power conversion system, making them cost-effective options for manufacturers. The continuous improvements in inverter technology have also enhanced the performance of AC motors, allowing for better control and efficiency in power usage. This segment is expected to see significant growth, particularly as more manufacturers shift their focus to optimizing vehicle performance through advanced AC motor designs.

DC Motors:

DC motors have traditionally been used in various applications due to their straightforward control mechanisms and high starting torque characteristics. However, their usage in electric vehicles has evolved as manufacturers seek to optimize efficiency and performance. While they may require more maintenance due to the wear of brushes, advancements in electronic control systems have enhanced the operational capabilities of DC motors in EVs. The appeal of DC motors lies in their ability to provide precise speed control and high torque at low speeds, making them suitable for smaller electric vehicles and specific applications like e-bikes. The growing interest in versatile vehicle types is likely to support the continued use and development of DC motor technologies in the market.

BLDC Motors:

Brushless Direct Current (BLDC) motors are becoming increasingly popular in the electric vehicle market due to their high efficiency, lower noise levels, and minimal maintenance requirements. Unlike traditional DC motors, BLDC motors do not use brushes, which significantly reduces wear and tear and extends the motor's lifespan. This type of motor is highly efficient, providing better performance and longer range for electric vehicles. Furthermore, BLDC motors allow for precise control of speed and torque, which is essential in modern electric vehicle applications. As the demand for high-performance electric vehicles grows, the BLDC motor segment is expected to witness substantial expansion driven by technological advancements and increasing consumer preference for efficiency and reliability.

Stepper Motors:

Stepper motors are primarily utilized in applications that require precise positioning and control, which makes them suitable for certain specialized electric vehicle applications, such as in autonomous vehicles or advanced driver-assistance systems (ADAS). These motors operate by dividing a full rotation into a series of discrete steps, allowing for accurate control over speed and movement. Although not as widely used as other motor types in mainstream electric vehicles, their specific capabilities in precision control make them valuable in niche markets. As electric vehicles continue to incorporate more advanced technologies and systems, stepper motors may see increased adoption in conjunction with these innovations.

Linear Motors:

Linear motors are a unique type of electric motor that produce linear motion directly without the need for any mechanical conversion. They are particularly useful in applications requiring high precision and speed, which can include automated systems in electric vehicles, such as in propulsion systems or for actuators in braking systems. While they are not yet widely adopted in mainstream electric vehicles, the potential for linear motors to enhance performance in advanced vehicle designs is driving research and development efforts. As the electric vehicle market continues to evolve and demand for innovative technologies rises, linear motors may play a more significant role in shaping the future of electric vehicle performance and efficiency.

By Vehicle Type

Battery Electric Vehicles:

Battery Electric Vehicles (BEVs) are fully electric vehicles powered entirely by rechargeable battery packs. This segment has experienced remarkable growth due to the increasing adoption of sustainable transportation solutions. As consumers become more environmentally conscious, BEVs represent a zero-emission alternative to traditional vehicles. The performance capabilities of BEVs are heavily reliant on the efficiency and design of electric motors, making this segment a key focus for manufacturers. Furthermore, advancements in battery technology are enhancing the range and performance of BEVs, leading to increased consumer confidence and market penetration. This segment continues to lead the electric vehicle market, reflecting a growing trend toward electric mobility.

Plug-in Hybrid Electric Vehicles:

Plug-in Hybrid Electric Vehicles (PHEVs) combine conventional internal combustion engines with electric motors and rechargeable batteries. This hybrid configuration allows for extended driving ranges and flexibility, appealing to consumers who may have concerns about range anxiety associated with fully electric vehicles. PHEVs can operate on electric power for shorter trips while using the internal combustion engine for longer journeys. The presence of electric motors in PHEVs is crucial for optimizing fuel efficiency and reducing emissions. As manufacturers continue to develop more efficient electric motors and hybrid technologies, the PHEV segment is expected to grow, providing consumers with eco-friendly alternatives without sacrificing convenience.

Hybrid Electric Vehicles:

Hybrid Electric Vehicles (HEVs) are equipped with both an internal combustion engine and an electric motor, allowing for improved fuel efficiency compared to conventional vehicles. The electric motor in an HEV works in conjunction with the engine to provide additional power during acceleration and reduce the load on the engine during cruising, leading to lower emissions. The increasing regulatory pressure for reduced emissions and rising fuel prices are driving consumers toward HEVs as a practical solution. As electric motors become more efficient and integrated into HEV designs, this segment is likely to witness continued growth, appealing to consumers seeking greener vehicle options.

Fuel Cell Electric Vehicles:

Fuel Cell Electric Vehicles (FCEVs) utilize hydrogen fuel cells to generate electricity, which powers electric motors. This technology represents a unique approach to electric mobility, offering the potential for rapid refueling and extended ranges akin to traditional fossil fuel vehicles. FCEVs produce zero tailpipe emissions, making them an attractive option for environmentally conscious consumers. While the adoption of fuel cell vehicles has been slower compared to battery electric vehicles, ongoing investments in hydrogen infrastructure and fuel cell technologies are anticipated to spur growth in this segment. As the market for green technologies expands, FCEVs may increasingly play a role in the broader electric vehicle landscape.

E-Bikes:

E-bikes, or electric bicycles, have gained immense popularity as a sustainable and efficient mode of transportation in urban areas. This segment utilizes electric motors to assist with pedaling, allowing riders to cover longer distances with less physical effort. The lightweight nature of e-bikes makes them ideal for short commutes, contributing to a reduction in traffic congestion and greenhouse gas emissions. The rise of e-bikes is supported by a growing trend towards eco-friendly transport solutions, especially in densely populated cities. As manufacturers continue to innovate in electric motor designs, e-bikes are positioned to capture a significant share of the electric vehicle market, appealing to a broad demographic seeking sustainable transportation options.

By Sales Channel

OEMs:

The Original Equipment Manufacturers (OEMs) sales channel plays a critical role in the electric motors market for electric vehicles, as these manufacturers design and produce vehicles that integrate electric motors as part of their assembly process. OEMs are increasingly focused on developing electric vehicle models equipped with advanced electric motors to meet rising consumer demand and regulatory standards for fuel efficiency and emissions. This segment represents a significant revenue source for electric motor manufacturers, as they supply the motors that power the vehicles produced by OEMs. The collaborative relationship between OEMs and electric motor suppliers is essential for driving innovation, enhancing performance, and ensuring scalability in production, thus paving the way for future growth in this segment.

Aftermarket:

The aftermarket sales channel for electric motors encompasses a range of replacement parts and upgrades for existing electric vehicles. As the electric vehicle market matures, the need for aftermarket services and components is becoming increasingly important, driven by factors such as vehicle maintenance, performance upgrades, and consumer customization preferences. In this segment, electric motor suppliers provide replacement motors, performance-enhancing upgrades, and other components to support vehicle longevity and efficiency. The aftermarket channel is expected to grow as the number of electric vehicles on the road continues to rise, creating opportunities for suppliers and service providers to cater to the evolving needs of electric vehicle owners.

By Power Output

Less than 100 kW:

Electric motors with a power output of less than 100 kW are commonly found in small electric vehicles, including e-bikes and compact city cars. This category of motors is designed to provide adequate power for urban commuting and short-distance travel. The appeal of less powerful electric motors lies in their efficiency; they consume less energy, which translates into lower operational costs for owners. Additionally, these motors are often lighter and more compact, enhancing the overall performance of smaller vehicles. As consumer demand for efficient urban mobility solutions increases, the segment of electric motors producing less than 100 kW is expected to see steady growth, particularly in the e-bike market.

100-250 kW:

Electric motors producing between 100 and 250 kW are typically used in mid-range electric vehicles, providing a balance of power, efficiency, and range. These motors are favored for their capability to deliver adequate acceleration while maintaining energy efficiency, making them suitable for a variety of applications, including sedans and SUVs. The growing popularity of mid-range electric vehicles in the consumer market is driving demand for motors in this power output range. As manufacturers aim to develop vehicles that cater to diverse consumer preferences for performance and efficiency, the 100-250 kW segment will likely continue to expand and evolve.

251-500 kW:

Electric motors categorized between 251 and 500 kW are predominantly utilized in high-performance electric vehicles, including luxury sedans, sports cars, and commercial vehicles. These motors provide substantial power and torque, enabling advanced acceleration and performance capabilities. As consumer expectations for electric vehicles rise, the demand for high-performance motors is on the increase, especially among enthusiasts and those seeking premium vehicle experiences. This segment's growth is also fueled by advancements in electric motor technology, including improvements in cooling systems and energy management, allowing for sustained performance in demanding driving conditions. Manufacturers are keenly focused on developing motors within this range to attract performance-oriented consumers.

501-750 kW:

Electric motors in the 501 to 750 kW range cater to specialized applications, including commercial electric vehicles, heavy-duty trucks, and high-performance sports vehicles. This power output range is suited for applications requiring exceptional torque and sustained power delivery, making it ideal for transportation solutions that demand high performance under load. The demand for robust electric motors in this segment is being driven by the shifting focus toward electrifying commercial fleets, alongside the increasing adoption of electric trucks and buses. As industries embrace electrification to meet environmental standards and operational efficiencies, the market for motors within this category is expected to expand significantly.

More than 750 kW:

Electric motors exceeding 750 kW are typically utilized in ultra-high-performance electric vehicles and specific industrial applications where extreme power and efficiency are paramount. This category includes motors designed for heavy-duty applications, such as electric buses and specialized transport vehicles. The extraordinary performance characteristics of these motors enable them to handle demanding tasks while providing rapid acceleration and high load capacities. As electric vehicle technology continues to advance, and as industries seek to adopt more powerful electric solutions, the demand for motors in this power output range is projected to grow. Innovations in cooling and energy recovery systems are likely to enhance the viability and performance of these high-output motors.

By Region

North America is expected to dominate the electric motors for electric vehicles market, accounting for approximately 35% of the global market share by 2035. The region's strong regulatory framework encouraging electric vehicle adoption, the presence of leading automotive manufacturers, and a growing charging infrastructure contribute to this dominance. The United States, in particular, has seen significant investments in electric vehicle development, supported by government incentives and a growing focus on sustainability. The CAGR for this region is projected at around 14% during the forecast period as innovations in electric motor technologies and increased consumer preferences for electric vehicles drive market growth.

In Europe, the electric motors for electric vehicles market is anticipated to reach a share of nearly 30% by 2035. This region is known for its stringent environmental regulations and ambitious carbon reduction targets, which drive consumer demand for electric vehicles. Major automotive manufacturers in Europe are increasingly investing in electric motor technologies and sustainable vehicle designs, which further bolsters market growth. The European market is set to experience a robust CAGR of approximately 16% during the forecast period, fuelled by advancements in battery technology, electric motor efficiency improvements, and the commitment to developing comprehensive charging infrastructure.

Opportunities

One of the most promising opportunities for the electric motors for electric vehicles market lies in the growing trend toward electrification across various vehicle segments. As the automotive industry transitions away from fossil fuels, electric motors will play a critical role in driving this shift. Manufacturers are investing in the development of advanced electric motors that offer improved performance, efficiency, and reliability. This shift presents a wealth of opportunities for innovation and growth, particularly as companies explore novel designs and materials to enhance motor capabilities. Furthermore, as electric vehicles penetrate broader markets, the demand for aftermarket services and components will also rise, leading to new avenues for revenue generation in the electric motor supply chain.

Another significant opportunity for growth is the increasing investment in charging infrastructure. As governments and private entities collaborate to expand charging networks, the demand for electric vehicles—and subsequently for electric motors—will continue to rise. The advent of fast-charging technologies and innovations in wireless charging solutions also present opportunities for electric motor manufacturers to develop systems that optimize energy consumption and efficiency. Additionally, with the rise of autonomous vehicles, electric motors that cater to specific performance characteristics will likely see greater demand. These opportunities indicate a robust growth trajectory for electric motors within the electric vehicle market in the years to come.

Threats

While the electric motors for electric vehicles market presents numerous growth opportunities, it is also faced with several threats that could hinder its expansion. One primary concern is the volatility in raw material prices, particularly for critical components such as magnets and rare earth materials used in electric motors. Fluctuations in these prices can impact manufacturing costs and, consequently, the overall pricing of electric vehicles, which may deter potential consumers from making purchases. Additionally, geopolitical tensions and trade regulations can affect the supply chain of these materials, leading to possible disruptions. With many manufacturers relying on global supply chains, any instability in sourcing these components could significantly affect market dynamics.

Another threat to the market is the rapid pace of technological change, particularly with competing propulsion technologies. The automotive sector is witnessing intense competition not only between electric vehicles but also with alternative fuel sources such as hydrogen fuel cells and advanced internal combustion engines. These technologies often receive substantial investment and regulatory support, which can divert attention and resources from electric motor development. Furthermore, the potential for market saturation in certain regions may pose challenges for growth, as manufacturers struggle to differentiate their products in an increasingly crowded market. These factors must be carefully monitored and addressed by stakeholders in the electric motor sector.

Competitor Outlook

• Siemens AG
• General Electric Company
• ABB Ltd.
• Yaskawa Electric Corporation
• Mitsubishi Electric Corporation
• Robert Bosch GmbH
• Continental AG
• Panasonic Corporation
• Tesla, Inc.
• Nidec Corporation
• BGH Group
• Hitachi, Ltd.
• Schneider Electric SE
• Emerson Electric Co.
• JTEKT Corporation

The competitive landscape of the electric motors for electric vehicles market is characterized by a diverse range of players, from established multinational corporations to innovative startups. Major companies such as Siemens AG, General Electric, and ABB Ltd. have made substantial investments in electric motor technologies, focusing on enhancing efficiency and performance. These companies leverage their extensive research and development capabilities to introduce advanced motor designs that meet the evolving demands of the electric vehicle market. Their global presence and established distribution networks enable them to dominate the market, but they also face competition from well-funded emerging companies aiming to disrupt the status quo with innovative approaches to electric motor technologies.

Tesla, Inc. is another significant player in the market, known for its focus on high-performance electric vehicles that utilize cutting-edge electric motor technology. Tesla's continuous innovation and emphasis on vertical integration give it a competitive edge in controlling production processes and costs. Additionally, automakers like Robert Bosch GmbH and Continental AG are also investing in electric motor technologies, recognizing the importance of mobility solutions that align with consumer preferences and regulatory requirements. Collaborations and partnerships between automotive manufacturers and electric motor suppliers are becoming increasingly common, as stakeholders seek to leverage each other's expertise and resources. This collaborative atmosphere is likely to foster further advancements in electric motor technologies and their applications in the electric vehicle sector.

As the market evolves, companies are also focusing on sustainability and environmental stewardship, which is becoming an essential aspect of their branding and operational strategies. For instance, manufacturers like Panasonic and Mitsubishi Electric are investing in green technologies to reduce their carbon footprints throughout the production cycle. This trend aligns well with the growing consumer preference for eco-friendly products, positioning these companies favorably within the market. The competitive landscape is characterized by constant innovation, with companies striving to differentiate themselves through technological advancements, customer service, and sustainability efforts. In a rapidly changing market, the ability to adapt and respond to consumer demands will be crucial for success.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 ABB Ltd.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 BGH Group
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Siemens AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Tesla, Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Hitachi, Ltd.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Continental AG
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 JTEKT Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Nidec Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Robert Bosch GmbH
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Emerson Electric Co.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Panasonic Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Schneider Electric SE
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 General Electric Company
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Yaskawa Electric Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Mitsubishi Electric Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Electric Motors for Electric Vehicles Sales Market, By Motor Type
    • 6.1.1 AC Motors
    • 6.1.2 DC Motors
    • 6.1.3 BLDC Motors
    • 6.1.4 Stepper Motors
    • 6.1.5 Linear Motors
  • 6.2 Electric Motors for Electric Vehicles Sales Market, By Power Output
    • 6.2.1 Less than 100 kW
    • 6.2.2 100-250 kW
    • 6.2.3 251-500 kW
    • 6.2.4 501-750 kW
    • 6.2.5 More than 750 kW
  • 6.3 Electric Motors for Electric Vehicles Sales Market, By Vehicle Type
    • 6.3.1 Battery Electric Vehicles
    • 6.3.2 Plug-in Hybrid Electric Vehicles
    • 6.3.3 Hybrid Electric Vehicles
    • 6.3.4 Fuel Cell Electric Vehicles
    • 6.3.5 E-Bikes

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Electric Motors for Electric Vehicles Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Electric Motors for Electric Vehicles Sales market is categorized based on

By Motor Type

• AC Motors
• DC Motors
• BLDC Motors
• Stepper Motors
• Linear Motors

By Vehicle Type

• Battery Electric Vehicles
• Plug-in Hybrid Electric Vehicles
• Hybrid Electric Vehicles
• Fuel Cell Electric Vehicles
• E-Bikes

By Power Output

• Less than 100 kW
• 100-250 kW
• 251-500 kW
• 501-750 kW
• More than 750 kW

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Siemens AG
• General Electric Company
• ABB Ltd.
• Yaskawa Electric Corporation
• Mitsubishi Electric Corporation
• Robert Bosch GmbH
• Continental AG
• Panasonic Corporation
• Tesla, Inc.
• Nidec Corporation
• BGH Group
• Hitachi, Ltd.
• Schneider Electric SE
• Emerson Electric Co.
• JTEKT Corporation