BOULDER, Colo.--(BUSINESS WIRE)--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.
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.