An electric motor is considered to be the heart of any hybrid vehicle. It is responsible for propulsion and energy recovery. A stator is a stationary part of an electric motor. Stator generates rotating magnetic electric field which drives the rotating armature. The stator requires lamination to reduce eddy current losses, better efficiency, and long life to the motor. For better performance of hybrid vehicle, powerful, reliable, and economical motor is used. Manufacturers are producing electric vehicles and hybrid vehicles due to growing environmental concerns and continuous increase in energy cost. These factors are anticipated to boost the demand for motor stator during the forecast period. However, high replacement cost of the electric motor and availability of alternative options in hybrid vehicles is anticipated to hamper the motor stator market during the forecast period.
The motor stator market for hybrid vehicle can be segmented based on stator winding, lamination, vehicle, and, region. In terms of stator winding, the market can be categorized into aluminum and copper. Copper is a widely used material for stator winding as it provides several advantages as compared to aluminum. Copper reduces loading losses in motors and offers better electrical conductivity than aluminum. Aluminum is used in motors that operate for a short duration with lower horsepower. The copper stator winding segment is expected to dominate the motor stator market for hybrid vehicle during the forecast period.
Based on lamination, the motor stator market for hybrid vehicle can be segregated into silicon steel, nickel alloys, and cobalt alloys. Low carbon steel is alloyed with small amounts of silicon, which helps reduce eddy current losses in the core. Silicon steel increases the performance of the motor and is also available at a lower cost as compared to other materials; therefore, silicon steel is presently preferred by manufacturers. The silicon steel segment is anticipated to dominate the motor stator market for hybrid vehicles in the next few years.
In terms of vehicles, the motor stator market for hybrid vehicle can be divided into passenger vehicle and commercial vehicle. Demand for hybrid vehicle is continuously increasing owing to environmental concerns, changes in government policies regarding vehicle emission, and increase in awareness regarding safety. Also hybrid models of off road vehicles, buses and coaches, and trucks are introducing by manufacturers in automotive industry. Although passenger vehicle segment is anticipated to dominate the motor stator market for hybrid vehicle in forecast period.
Based on region, the motor stator market for hybrid vehicle is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific holds a major share of the market. Considerable expansion of the automotive sector in India, China, and Japan is projected to boost the motor stator market for hybrid vehicle during the forecast period. Additionally, supportive government policies in several countries in Asia Pacific support the manufacturing of hybrid vehicles.
Key players operating in the motor stator market for hybrid vehicle are YASA Limited, Parker Hannifin Corp, Xinzhi Motor Co., Ltd., Kirloskar Electric Company, Toshiba International Corporation, maxon motor ag, Siemens AG, ATS Automation Tooling Systems Inc., Ashwoods Electric Motors, and Brose Fahrzeugteile GmbH & Co. KG.
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