Adoption of Hub Motors in Electric Vehicles to Offset Environmental Hazards Drives Market Growth

Published on : Oct 26, 2018

Albany, New York, October 26, 2018: Rising consciousness for adoption of eco-friendly mode of transport has gained reasonable traction across the globe. Emergence of electric vehicles has gain substantial momentum, thus necessitating adoption of motor hubs for adequate fuel economy as well as vehicle performance. Several government initiatives to commercialize electric vehicles in the near future is a rife growth enabler for hub motor market. In its recent research report titled, 'Hub Motor Market for EVs - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026', Market Research Hub (MRH) evaluates ongoing market developments and trends that curve growth roadmap in hub motor market for EVs.

Protean Electric’s Prtean Drive Technology Enhances Hub Motors for EVs

Aligning with surged demands for electric vehicles across regions, leading market participants in hub motor market are integrating efforts to invent bespoke technological aid mimicking industry specificities. Technological novelties such as Protean Electric's Protean Drive technology ensures optimum space utilization, besides eliminating driveshafts and transmissions.

Protein Electric has also affirmed its massive investments in modern production facilities in China which is expected to soon launch electric vehicles. The company has also entered into strategic agreements with several Chinese automakers who envision to use Protean Electric’s hub motor in both plug-in hybrid vehicles as well as electric vehicles. With this new development in place, hub motor market for EVs is expected to strike new growth spots besides positioning Protean Electric favorably on the growth curve.

Further in the course of the report, readers are presented with an elaborate description of market segments functional in hub motor market. The report enlists cooling type, torque, braking type, drive type, electric vehicle type, vehicle type, and sales channel as dominant segments in hub motor market for EVs. Based on cooling type, hub motor market for EVs is classified into water cooled and air cooled. Based on torque, the market is diversified into less than 700Nm and more than 700 Nm. On the basis of braking type, hub motor market for EVs is splintered as regenerative braking and conventional braking. On the basis of drive type, the market is fragmented as front drive, rear drive, and all drive. On the basis of electric vehicle type, hub motor market for EVs demonstrates BEV, PHEV, and HEV as core market segments. By vehicle type hub motor market for EVs classifies passenger vehicles and commercial vehicles as chief market segments. On the basis of sales channel, hub motor market for EVs is categorized into OEM and aftermarket.

Further in the course of the report, readers are presented with a broad overview of core regions in hub motor market for EVs. The report enumerates Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa as chief regional fringes identified in hub motor market for EVs.

Competition Matrix: Hub Motor Market for EVs

In the succeeding sections of the report, readers are presented with holistic description of key research elements based on which readers can gauge the efficacy of marketing tactics and tools incorporated by leading market players across regions and their eventual impact on end-user response such as their buying preferences and subsequent buying decisions. Elaborate analytical review of these strategies allow market players to incur core deductions based on which lucrative business decisions are implemented by leading market players eyeing for market dominance amidst stiff competition in hub motor market for EVs. Some of the leading players identified in hub motor market for EVs include Protean Electric, ZIEHL- ABEGG, Schaeffler Technologies AG & Co. KG, Bonfiglioli Riduttori S.p.A.

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