Electric Motor Manufacturer | France

Electric motors are components that affect the interactive forces between an electromagnet and a permanent magnet. 90% of the electrical energy they produce is converted into mechanical energy, with low heat loss. 

According to IDTechEX, more than 128 million electric vehicles will be manufactured by 2022, most of which will be motorcycles. Therefore, the major automotive groups have embarked on the development of electric motors and hybrid motors (electric motors that assist gasoline or diesel engines). According to a study by Frost & Sullivan, the European electric motor market was worth 55 million euros in 2010, it is expected to reach 129 billion euros worldwide by 2020, with a compound annual growth rate of 5% recorded between 2014 and 2020. The automotive sector accounts for 50% of revenues in this market. Volkswagen's CEO estimates that the group will sell more electric motors than conventional ones in 2030. Permanent magnet motors are expected to dominate the market due to their performance and low fuel consumption. 

In addition, there is considerable scope for progress in electric motors. Currently designed for industrial uses, these could be miniaturized, making it possible to rethink vehicle architecture. 

30% to 40% of car manufacturers currently subcontracting the manufacture of their engines plan to reintegrate these capabilities internally. But in the short term, car manufacturers will increasingly turn to specialists in electric motor development, choosing a single supplier capable of meeting supply requirements.  

Asia Pacific is the world market leader and Latin America; the Middle East and Africa are also very favourable regions for the development of this market.

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