Navigant Research Report Shows 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
BOULDER, Colo.–(BUSINESS WIRE)–#48V–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.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.
* 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.
Contacts
Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]
