The Europe Automotive Torque Actuator Motor Market would witness market growth of 4.6% CAGR during the forecast period (2022-2028).
Every actuator's rating parameters include a crucial component called actuator torque. What kinds of applications the actuator can handle will depend on the device's torque rating. With a low torque rating, the actuator can sustain its output force across a minimal load range. The actuator will become "overwhelmed" and unable to exert its working motion effectively after that range has been surpassed. On the other hand, a high-torque actuator can easily withstand a far larger range of load fluctuations.
Current electric cars are designed to handle both DC and AC electricity internally. The motor needs AC in addition to the DC that the battery stores and delivers. Energy enters the onboard chargers at Levels 1 and 2, but at Level 3 rapid chargers, it arrives as DC high-voltage current. Power electronics are used to manage the various onboard AC/DC conversions. They are vital for scaling the battery/motor system voltages from 100 to 800 volts of charging strength to the myriad vehicle lighting, chassis, and entertainment tasks that need 12-48 volt DC energy.
Europe, which includes numerous countries that excel in the car sector, is one of the world's top manufacturers of vehicles. The automobile industry is one of the nation's most significant sectors, particularly in Italy. According to the International Trade Ministry, Italy's industrial turnover in 2019 was $119 billion, or around €106 billion, or 6.2% of Italy's GDP. The industry is changing due to the transition from thermal engines to electromobility (hybrid and electric), which may provide possibilities for manufacturers of car components, charging infrastructure, and diagnostic tools. Changes to the circulating stock may significantly impact the way the aftermarket business develops in Italy. More than 914,000 automobiles were manufactured in Italy in 2019, and 1.381,496 new vehicles were registered in 2020.
The Germany market dominated the Europe Automotive Torque Actuator Motor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $808.6 million by 2028. The UK market is exhibiting a CAGR of 3.8% during (2022 - 2028). Additionally, The France market would experience a CAGR of 5.4% during (2022 - 2028).
Based on Application, the market is segmented into Electronic Throttle Control (ETC), Exhaust Gas Circulation (EGR), Turbocharger and Others. Based on Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle. Based on Distribution Channel, the market is segmented into OEM and Aftermarket. Based on Type, the market is segmented into Pneumatic & Mechanical and Electrical. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Automotive Torque Actuator Motor Market will Hit $12.3 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NSK Ltd., HIWIN Technologies Corp., Mabuchi Motor Co., Ltd., MITSUBA Corporation, Continental AG, Johnson Electric Holdings Limited, CTS Corporation, ElectroCraft, Inc. (DMI Technology Corporation), Val-Matic Valve & Manufacturing Corporation (A.Y. McDonald Manufacturing Company), and Bray International, Inc.
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