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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
A significant portion of these motors operate on direct current (DC), while the remainder operate on alternating current (AC) electrical energy that is converted to the necessary amplitude and frequency with the aid of an inverter.These motors are also known as electric traction motors (ETM).
High energy efficiency, low cost, high performance, quick acceleration, stopping and starting numbers, durability to extreme temperatures and vibrations, simplicity of construction, regenerative braking capability, long lifetime, and low maintenance are required features in motors used in electric vehicles.
The Global Electric Truck Traction Motor Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The most robust electric motor currently on the market was developed by automotive supplier MAHLE. The traction motor, which is exclusive on the market, can operate continuously at a high performance.
This technological advance is made feasible by a novel cooling concept. The new electric motor may be built without the usage of rare earths per customer request and is exceedingly clean, light, and efficient.
The new construction is appropriate for tractors, construction equipment, as well as passenger and commercial vehicles.
With the SCT E-motor, MAHLE now offers a comprehensive range of electric drive solutions, meeting demands for everything from e-scooters to heavy-duty commercial vehicles as well as off-road and industrial applications. It is simple to construct huge electric motors with high short-term performance.
To make electric automobiles acceptable for daily use, what was still lacking on the market up until this point were robust yet compact drives.
On the drivetrain side, this makes it possible for combustion engines to be replaced in all vehicle classes. MAHLE unveiled a revolutionary wear-free, scalable, and extremely effective traction motor for passenger automobiles that operates over a wide rpm range.
On the other hand, the SCTE-motor is created in a way that makes it particularly effective within a set rpm range. Its constant output is greater than 90% of its peak output despite having a very small and light design.
Electric motors and drivetrain parts for electric and hybrid cars are produced by UQM Technologies. The UQM HD Series electric truck traction motor, which was created especially for heavy-duty truck and bus applications, is one of their core products.
Up to 522 horsepower (390 kW) and 1,328 lb-ft (1,800 Nm) of torque may be produced by the high-performance UQM HD Series electric truck traction motor. With a high power density that enables it to give exceptional acceleration and speed, it is meant to be efficient and dependable.
The excellent thermal management technology of the UQM HD Series motor, which helps to keep the motor cool and avoid overheating while in use, is one of its important advantages. This system employs both liquid cooling and air cooling to keep the motor running at its ideal temperature even when it is under a lot of strain.
Other cutting-edge characteristics found in the UQM HD Series motor include The motor is made with a high efficiency design, with a potential efficiency rating of 94%. As a result, the range of electric vehicles and buses increases while energy consumption decreases.
Regenerative braking technology built into the motor enables it to recover energy lost while braking and store it in the battery pack of the car. This decreases energy use and helps to increase general efficiency. In order to increase driver comfort and lessen noise pollution, the motor is built to function softly.
A broad range of truck and bus layouts can use the motor since it can be installed in a number of different places. Heavy-duty truck and bus applications are ideal for the high performance, efficient, and dependable UQM HD Series electric truck traction motor.
It is a preferred alternative for electric vehicle makers and fleet operators wishing to electrify their fleets due to its sophisticated features and adaptable mounting choices.
With a variety of products made for different kinds of electric vehicles, Parker Hannifin is a top producer of traction motors for electric trucks. Because of their motors' great performance, efficiency, and dependability, electric car manufacturers all over the world favor using them.
The GVM series of permanent magnet motors from Parker Hannifin is one of the company's most important product lines in the market for electric truck traction motors.
Delivery trucks, buses, and semi-trucks are among the heavy-duty commercial vehicles for which these motors are intended. They are the perfect option for electric vehicles that need to travel great distances and carry huge loads since they have a high power density, outstanding efficiency, and a compact design.
The power ratings of the GVM series of motors range from 100 kW to 300 kW, and their maximum torques range from 1,300 Nm to 4,000 Nm. These motors may be greatly customized by manufacturers to fit the unique requirements of their vehicle designs because of their considerable configurability.
Both single-motor and dual-motor configurations, as well as rear-wheel drive and all-wheel drive, may be employed with them. The PMAC (Permanent Magnet AC) motor family is another product category that Parker Hannifin offers in the electric truck traction motor market. Delivery vans, buses, and other light- and medium-duty commercial vehicles may all use these engines.
They are the perfect option for electric vehicles that must operate in urban areas and on shorter routes because of their great efficiency, good torque density, and compact form. Maximum torque for the PMAC motor family is from 280 Nm to 720 Nm, with power ratings ranging from 60 kW to 150 kW.
They may be tailored to match the unique requirements of each vehicle design and are intended for use in rear-wheel drive setups. A wide variety of commercial vehicle applications may be satisfied by the extensive selection of electric truck traction motors that Parker Hannifin offers.
Their motors are an excellent option for electric vehicle makers wanting to create high-performance, sustainable vehicles for the future because of their high levels of dependability, efficiency, and customizability.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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