#India Electric Rickshaw Motor and Controller Market Share

[researchrealmblog]

Increasing Proliferation of Electric Rickshaws Driving Electric Rickshaw Motor and Controller Sales in India

Due to a number of growth factors, such as the increasing number of electric rickshaws on Indian roads and their surging average age and low operating cost, and government incentives and environmental policies, the Indian electric rickshaw motor and controller marketis expected to continue to witness rapid growth over this decade.

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The demand for such motors and controllers in India is increasing owing to the proliferation of electric rickshaws in the nation, due to the escalating need for low-cost vehicles for first/last-mile connectivity, government support in the form of incentives, and their low operating cost. For instance, there were over 7 lakh electric rickshaws on Indian roads in 2018, which increased by about 6 lakh units from the number recorded in 2014. The sudden rise in the number occurred mainly due to the incentives and environmental policies implemented by the government.

Motors rated at 1,001–1,500 Watts of power outsell all other variants due to the existence of several local and unorganized companies providing 1,001–1,500-W electric motors in large numbers. Whereas, 1,501–2,000-W and >2,000-W motors are projected to observe a massive rise in their sales in the coming years. This would be because currently, most of the e-rickshaws are used to ferry passengers, but those used for transporting cargo are witnessing a rapid increase in sales around the country.

Battery rickshaw manufacturers, owners, and drivers generate the highest demand for motors and controllers. These rickshaws are the best substitutes for cycle rickshaws, as they do not require human power for propulsion and are relatively easy to operate. Moreover, due to their low operating and purchase costs than traditional auto rickshaws, the sale for battery rickshaws is increasing.

State-wise, Delhi registers the highest revenue from the sale of these components on account of the high sales of electric rickshaws and surging air pollution level in the state. In response to this, a subsidy of $439.6 (INR 30,000) on electric rickshaws was provided by the Delhi government in 2016. Similarly, product sales are burgeoning in Uttar Pradesh owing to the rising demand for electric rickshaws in the Tier-1 and Tier-2 cities, as well as the rural areas of the state.

However, in the past, the motors and controllers available in the country had no guarantee of quality, as they were produced by independent entities working at small factories often established inside workers’ homes. But, now, since the government implemented GST, such unorganized players have found it hard to sell their products, and they are now being overrun by established and well-known OEMs, such as Mahindra, Hero, and those based in China.

Thus, the growing adoption of electric rickshaws in India will drive the demand for motors and controllers in the foreseeable future.

[severepeanutperfection]

E-Rickshaw Market Demand, Scope and Future Estimation until 2032

E-Rickshaw is the new growing trend across all the regions, owing to its various advantages over the traditional auto rickshaw. Driver of omnipresent conventional three-wheelers through smoggy, crowded streets discovered that e-rickshaws are faster, quieter, cleaner and cheaper to maintain than the conventional auto rickshaw. E-rickshaws are less arduous than cycle rickshaws, which required all-day peddling. So with more rides possible in a day, the e-rickshaws are proving more productive or we can say more lucrative with the demand of e-rickshaw are growing exponentially all across the globe.

The e-rickshaw market is projected to register a CAGR of 31.8% during the forecast period, up from US$ 1.3 Bn in 2021 to reach a valuation of US$ 27.5 Bn by 2032.

E-rickshaws are widely accepted as an alternative to diesel, petrol, CNG auto rickshaws. Increasing awareness about the air pollution and other environmental issues which can be reduced by using the e-rickshaws. In the e-rickshaw the main electronic components that make the drive are controller, motor, batteries, harness and throttle. The mismatch between any of these components is nasty and may reduce performance.

E-Rickshaw Market: Dynamics

Considerably low investment than an auto-rickshaw, pleasing daily earning than cycle rickshaws and growing end-user affordability are some significant factors which driving the growth of e-rickshaw market. The advantages of e-rickshaw over traditional auto rickshaw and cycle rickshaw leads the e-rickshaw market. Rising environmental awareness, implementation of stringent regulations to curb environmental degradation and government incentives are some other factors which pushes the global e-rickshaw market growth

E-Rickshaw Market: Regional Outlook

Based on regions, the e-rickshaw market is anticipated to be led by the Asia Pacific region, especially by India and ASEAN countries such as Thailand, Vietnam and Philippines. India captures a significant amount of market shares in terms of revenue and sales, owing to an increasing number of demand and production of e-rickshaws. Followed by India, China and ASEAN countries has the second and third most prominent market share of e-rickshaws in terms of production as well as sales respectively. Middle East and Africa region is expected to witness moderate growth in the coming years. European region is expected to witness a stable growth in the e-rickshaw market. The market share of e-rickshaw in North America is at the lower side, as most of the countries in this regions are developed and acquired with modern public transport systems, such as metros, cabs, electric buses and others, hence the demand for e-rickshaws is declining in this regions and hence the market share is also going down.

E-rickshaw Market: Market Participant

Some of the key players involved in the global E-rickshaw market include Hhw Care Products Pvt. Ltd., Charuvikram Automobiles Pvt. Ltd., A G International Pvt. Ltd., Saera Electric Auto Pvt. Ltd., Gauri Auto India Pvt. Ltd., Yuva E Rickshaw, Xuzhou Hongsengmeng group Co., Ltd., Wuxi Weiyun Motor Co. Ltd., Wuxi Berang International Trading Co., Ltd., Udaan E Rickshaw, Goenka Electric Motor Vehicles Pvt. Ltd., Mini Metro EV LLP, Aditya Automobile, Dilli Electric Auto Pvt. Ltd. among others.

Regional analysis includes:

North America (U.S., Canada)

Latin America (Mexico, Brazil)

Europe (Germany, Italy, France, U.K, Spain, Russia)

South Asia (India, ASEAN)

East Asia (China, Japan, South Korea)

Oceania (Australia & New Zealand)

Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

E-Rickshaw Market: Segmentation

Based on the Vehicle Type, the e-rickshaw market can be segmented into,

Passenger carrier

Load carrier

Based on the Battery capacity, the e-rickshaw market can be segmented into,

>101 Ah

<101 Ah

Based on Motor power, the E-Rickshaw market can be segmented into,

Upto 1,000 W

1,000-1,500 W

More than 1,500 W

Based on End user, the e-rickshaw market can be segmented into,

Original equipment manufacturer

Aftermarket

Report Highlights:

Detailed overview of parent market

Changing market dynamics in the industry

In-depth market segmentation

Historical, current, and projected E-rickshaw market size in terms of value and volume

Recent industry trends and developments

Competitive landscape

Strategies of key players and products offered

Potential and niche segments, geographical regions exhibiting promising growth

A neutral perspective on E-rickshaw market performance

Must-have information for E-rickshaw market players to sustain and enhance their market footprint

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[businesspointnews]

Indian Electric Rickshaw Motor Market and Indian Electric Rickshaw Controller Market to Register 15.1% and 14.4% CAGR, respectively, during 2019–2024

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[batjayashreerathod-blog]

India Automotive Brushless DC Motors Market BLDC is projected to reach US$ XX Mn in 2026, and grow at CAGR of over XX% during forecast period.

An Increasing production of automobiles and preference for energy efficient system will drive the brushless DC motors during the forecast period.

In most of the Indian automotive companies, latest technologies are significantly being used, a growth of the brushless DC motors Market can be attributed to the increased usage of brushless DC motors across major industries, continued growth in automobile production, the transition towards energy-efficient motors and high maintenance cost for brushed DC motors.

Brushless DC (BLDC) motors are increasingly replacing induction motor and brushed DC motors due to their larger efficiency, long life, smooth torque delivery, and high-speed operation. However, in the past, their application has been limited due to the additional cost of the complex motor controller necessary to operate these motors. Also, controller costs have been trending downward in recent years such that application of brushless dc motors is on rising and expected to grow.

 With the passage of time and new technology, it has become possible to reduce the brushes from DC motors. In a BLDC motor, permanent magnets are put on the rotor that moves around the stator. A controller/sensor is used to charge the stator coils as the shaft turns. BLDC motors are customized to meet customer's special requirements. Using cutting-edge materials and sensorless technology, these motors provide high performance with features and solution for an individual as well as industrial applications.

 Electric rickshaws are recently becoming more popular in India since 2008 as an alternative to auto rickshaws and pulled rickshaw because of their low fuel cost, and less human effort compared to pulled rickshaws. These are being widely accepted as an alternative to Petrol/Diesel/CNG auto rickshaws. 3 wheels pulled by an electric motor ranging from 650-1400 Watts. These are being widely used in India, but those are being mostly manufactured in China, only a few other countries manufacture these vehicles.

Maxon motor is one of the leading players operated in India for brushless DC motor, they develop and build electric drives that pack some real power. Maxon’s DC motors are leading the industry worldwide. They are used wherever the requirements are high and engineers cannot afford compromises: maxon motors drive NASA's Mars rovers. They are established in high-precision industrial applications, race cars.

By Geography, Asia Pacific acquired the largest market share growth by North America due to increasing demand for consumer electronics and automotive product in China, India, Taiwan, South Korea, and Japan during the forecast period. India is being one from the rapidly developed country.

Key players operated in the market include johnson Electric (China), Ametek (U.S.), Nidec Corporation (Japan), Minebea (France), Allied Motion Technologies Inc. (U.S.), and Maxon Motor AG. COMPAGE automation system Pvt Ltd.

The scope of India Automotive Brushless DC Motors Market BLDC:

India Automotive Brushless DC Motors Market BLDC by Type:

 • Inner Rotor Brushless DC Motors

• Outer Rotor Brushless DC Motors

India Automotive Brushless DC Motors Market BLDC by Speed:

• <500 RPM • 501 – 2000 RPM • 2001 – 10000 RPM • >10000 RPM

India Automotive Brushless DC Motors Market BLDC by End-User:

• Automotive

Key players operated in India Automotive Brushless DC Motors Market BLDC:

• johnson Electric

• Ametek

• Nidec Corporation

• Minebea

• Allied Motion Technologies Inc.

• Maxon Motor

• COMPAGE automation system pvt. Ltd

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[tritonmarketresearch]

The Global Electric Vehicle Market - The Future of Transportation

Electric vehicles are those vehicles that do not require fuel to function, and instead run on electricity, fully or partially. These vehicles make use of power stored in batteries to drive the electric engine. Given the current scenario, electric vehicles do not contribute to a major share in the global automotive industry as they still need to undergo transformations to be globally accepted. However, electric vehicles have the potential to take over conventional automotive vehicles that function on combustion engines.

The global electric vehicle market is estimated to grow at a CAGR of 20.95% during forecast period 2019-2027.

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Electric vehicles offer various benefits such as reduction of noise & air pollution, reduction of greenhouse gas emissions & oil import expenditure and lesser dependency on oil. Therefore, several national and local governments have taken initiatives to provide subsidies in order to promote the usage of electric vehicles. Electronic vehicles are an economical alternative to their traditional petroleum counterparts. This is due to the increasing cost of petroleum products worldwide as a result of limited availability of petroleum products. The novelty factor of electric vehicles has garnered significant attention from the general population. With the increase in disposable incomes and tech-savvy nature of individuals, the global electric vehicle market is all set to grow at a rapid rate. Certain restraints, such as insufficient charging stations have proven to be a hindrance for the growth of the electric vehicle market. Unlike gas stations, that are located within very few miles in urban and suburban areas, electric vehicle charging stations are located are distant places. Also, electric vehicles require a dense charging structure in order to make long-distance travel more convenient.

The global electric vehicle market by vehicle type consists of passenger cars, commercial vehicles, two-wheelers and other vehicles. The commercial vehicle dominates the market due to various factors such as rising investment in commercial vehicle segment by key players and growing concerns towards carbon dioxide emission from vehicles. Electrical commercial vehicles such as trucks, vans, buses can even be used on unpaved roads in cities. These vehicles are also equipped with an energy recovery system that can further reduce the energy consumption. Electric commercial vehicles (ECVs) energy costs approximately four times lesser than conventional diesel trucks. Electric commercial delivery trucks considerably minimize greenhouse gas emissions along with lowering per-mile maintenance and operating costs. Electric two-wheelers such as electric scooters and bikes are plug-in electric vehicles powered by electricity. These are much smaller and lighter as compared to other heavy commercial vehicles. Moreover, electric two-wheelers are eco-friendly and require low maintenance.

Electricity can be generated in an electric vehicle in several ways, which vary according to costs, efficiency and desirability. The segment in the global electric vehicle market by power source consists of two major categories, such as stored electricity market and onboard electricity generator market. Stored electricity vehicles are those electric vehicles that have a stored energy unit within them. The increasing use of electronic and electrical features to improve vehicle performance emissions has resulted in the growth of storage electricity in the vehicle. Onboard electrical generators are used in hybrid electric vehicles. Majority of hybrid electric cars such as Tesla Model X, Chevrolet Volt and BMW i8 among others consist of on-board electricity generator.

The global electric vehicle market is divided into three major categories such as hybrid electric vehicles, plug-in hybrid electric vehicles and battery electric vehicles on the basis of technology. Hybrid electric vehicles are those electric vehicles which are a combination of traditional internal combustion engine (ICE) system and an electric propulsion system such as, hybrid electric car, hybrid electric trucks, hybrid electric buses, etc. The increased demand for eco-friendly vehicles is mainly responsible for the increased adoption of hybrid electric vehicles. As HEVs are used in electrical batteries and other electric sources for power, there is negligible emission of carbon dioxide and other harmful gases. Battery electric vehicles (BEV) are those electric vehicles which utilize the chemical energy stored in rechargeable battery packs as the power source. BEVs deploy motor controllers and electric motors instead of fuel cells, internal combustion engines (ICEs), etc. for propulsion. Battery electric vehicles include rail cars, skateboards, watercraft, trucks, bicycles, rickshaws, vans, etc. Plug-in hybrid electric vehicle (PHEV) is an electric vehicle which runs on rechargeable batteries. Passenger cars are most commonly used plug-in hybrid electric vehicles; whereas, other PHEVs include bus, train, military vehicles, utility trucks, vans, etc.

Electric vehicles are acting as strong substitutes in the North American automobile market and the adoption of electric vehicles is escalating as compared to the petrol and diesel engine based vehicles. The rising focus from automobile manufacturers such as Tesla, Chevrolet and Ford, supportive norms & policies of the government and low operational cost which includes discounted charging tariffs has enabled the growth of the electric vehicle market in the US and Canada. The Asia-Pacific electric vehicle market is expanding at a significant pace considering the adoption and production of electric vehicles. The market in this region is mainly driven by countries such as China, India, Japan, Australia and New Zealand, among others. EVs mainly used in passenger, commercial and personal vehicles. Countries such as India, China and Japan are badly impacted by the CO2 emissions from vehicles. This can be attributed to the rapid industrialization resulting in the establishment of automobile manufacturing units in these countries as the resources are cheap in the region as compared to the European and North American regions. The constant rise in the CO2 emissions has led the governments and automobile organizations to enhance the adoption and production of automobiles so CO2 emissions would reduce.

The top key players in the global electric vehicle market are Zheijiang Geely Holder Group, BYD Company Ltd., Nissan Motor Co. Ltd., Fiat Chrysler Automobiles M.V., Volkswagen AG, Daimler AG, Toyota Industries Corp., Tesla Motors, Inc., Hyundai Motors Mitsubishi Motor Corp., General Motors Company and Honda Motor Corp.

Zhejiang Geely Holder Group is a global automotive group that has manufactured numerous well-known international automotive brands. The company is a leading manufacturer of electric vehicles in China, with operations spanning from design, research and development to production, sales and service. In October 2017, the Group acquired Terrafugia, Inc., a US-based company focused on the innovation, engineering and production of flying cars and future technologies. In January 2018, VIA Motors International, Inc. and Zhejiang Geely New Energy Commercial Vehicle Co., Ltd. announced to sign an agreement for a joint venture, which will launch a line of green logistics commercial vehicles for sale and distribution in North and Latin America. BYD Company Ltd. is a China-based company that specializes mainly in segments such as automobile, IT, new energy and rail transit. In July 2017, BYD and ADL entered into a partnership agreement to deliver more electric buses in the London market. BYD is one of the world's largest producer of plug-in electric cars. It has also developed solid expertise in rechargeable batteries. Their product portfolio boasts of BYD eBus and BYD E6, having features such as an internally-developed Fe battery and Anti-collision side trims with chrome respectively. Nissan, a Japan-based company, is a worldwide vehicle manufacturer that sell its products in more than 60 countries under the name of Nissan, Infiniti and Datsun brands across the globe. The company achieved a revenue of around $10 trillion in2016 In March 2018, Nissan launched a new EV called Leaf electric vehicle. The new model goes farther on a charge, recharges faster, has more features and is better looking. In September 2017, Nissan, Hyundai, and Renault SA announced to invest $203 million in India for electric vehicles. This initiative was taken to reduce emissions and curb fuel imports in India.

Lithium-ion batteries are being adopted in the electric vehicles market owing to their light-weight and better performance as compared to any other conventional batteries. Various national and local governments have taken initiatives to promote the usage of electric vehicles as they limit the emission of greenhouse gases. This is the major advantage that the electric vehicles provide as conventional vehicles release CO2 into the environment as they use petrol or diesel as fuel. However, given that electric vehicles have been introduced in the market only recently, the public lacks awareness about their usage. Also, the batteries of electric vehicles need to be charged from time-to-time, which can be a cumbersome process. Thus, people are still skeptical about the use of electric vehicles. These challenges need to be overcome so as to accelerate the growth of the market.

[futuremarketinsightsreports]

E-Rickshaw Market to Witness an Outstanding Growth During 2019-2029

E-Rickshaw is the new growing trend across all the regions, owing to its various advantages over the traditional auto rickshaw. Driver of omnipresent conventional three-wheelers through smoggy, crowded streets discovered that e-rickshaws are faster, quieter, cleaner and cheaper to maintain than the conventional auto rickshaw. E-rickshaws are less arduous than cycle rickshaws, which required all-day peddling. So with more rides possible in a day, the e-rickshaws are proving more productive or we can say more lucrative with the demand of e-rickshaw are growing exponentially all across the globe.

E-rickshaws are widely accepted as an alternative to diesel, petrol, CNG auto rickshaws. Increasing awareness about the air pollution and other environmental issues which can be reduced by using the e-rickshaws. In the e-rickshaw the main electronic components that make the drive are controller, motor, batteries, harness and throttle. The mismatch between any of these components is nasty and may reduce performance.

Download sample copy of this report: https://www.futuremarketinsights.com/reports/sample/REP-GB-9918

E-Rickshaw Market: Dynamics

Considerably low investment than an auto-rickshaw, pleasing daily earning than cycle rickshaws and growing end-user affordability are some significant factors which driving the growth of e-rickshaw market. The advantages of e-rickshaw over traditional auto rickshaw and cycle rickshaw leads the e-rickshaw market. Rising environmental awareness, implementation of stringent regulations to curb environmental degradation and government incentives are some other factors which pushes the global e-rickshaw market growth

However, cost of batteries, charging stations, quality of batteries are found to be some primary challenges in the global e-rickshaw market. Overcharging of batteries is the secondary issue which causes some serious problems such as rusting on the positive grid, shortage of water, the spoiling of the material of positive and oxidation in the separator will arise as a result of which the life of battery will be reduced.

Key manufacturers involved in the e-rickshaw production are focusing on the introduction of fiber-reinforced plastic (FRP) technology, which is composite material, made of a polymer matrix reinforced with glass fibers. FRP allows fibers of plastic to suit specific designs and its specific orientation can increase the strength and resists deformation.

E-Rickshaw Market: Regional Outlook

Based on regions, the e-rickshaw market is anticipated to be led by the Asia Pacific region, especially by India and ASEAN countries such as Thailand, Vietnam and Philippines. India captures a significant amount of market shares in terms of revenue and sales, owing to an increasing number of demand and production of e-rickshaws. Followed by India, China and ASEAN countries has the second and third most prominent market share of e-rickshaws in terms of production as well as sales respectively. Middle East and Africa region is expected to witness moderate growth in the coming years. European region is expected to witness a stable growth in the e-rickshaw market. The market share of e-rickshaw in North America is at the lower side, as most of the countries in this regions are developed and acquired with modern public transport systems, such as metros, cabs, electric buses and others, hence the demand for e-rickshaws is declining in this regions and hence the market share is also going down.

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E-rickshaw Market: Market Participant

Some of the key players involved in the global E-rickshaw market include Hhw Care Products Pvt. Ltd., Charuvikram Automobiles Pvt. Ltd., A G International Pvt. Ltd., Saera Electric Auto Pvt. Ltd., Gauri Auto India Pvt. Ltd., Yuva E Rickshaw, Xuzhou Hongsengmeng group Co., Ltd., Wuxi Weiyun Motor Co. Ltd., Wuxi Berang International Trading Co., Ltd., Udaan E Rickshaw, Goenka Electric Motor Vehicles Pvt. Ltd., Mini Metro EV LLP, Aditya Automobile, Dilli Electric Auto Pvt. Ltd. among others.