1. Market Research
  2. > Electronics
  3. > Consumer Electronics
  4. > Home Appliance
  5. > Small Appliance Market Trends
South America Electric Vehicle Actuator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Application, and Vehicle Type

South America Electric Vehicle Actuator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Application, and Vehicle Type

  • May 2021
  • 120 pages
  • ID: 6075771
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

The SAM electric vehicle actuator market is expected to grow from US$ 25.68 million in 2020 to US$ 51.89 million by 2028; it is estimated to grow at a CAGR of 8.7% from 2021 to 2028. The surging adoption of switchable electrochromic and glazing sunroof is expected to accelerate the SAM electric vehicle actuator market. The automotive manufacturers across SAM are investing in the adoption of chromogenic technology for the development of advanced vehicle glazing. The technology can dynamically change the transmittance of the sunroof. Glazing chromogenic technology can make an interior comfortable and adjustable as per the driver’s requirement and fluctuating visual environment. This technology can provide excellent safety by the virtual elimination of glare and reflections with an actuation system. The application to automotive glazing is one of the most recent and advanced technology in the market, owing to smaller sizes than commercial windows, and the lifetime is less (7 years is the average lifetime). The dynamic glazing systems have automatic, semi-automatic, or manual switching capabilities, which demand for the integration of actuators for proper functioning. The demand for switchable sunroof glazing is growing nowadays, and the most successful product is the electrochromic automotive mirror, which is available in most major cars. The growing adoption of switchable electrochromic and glazing sunroof will increase the demand of electric vehicle actuator for its proper functioning, which will drive the SAM electric vehicle actuator market.

In SAM, Brazil is severely affected due to the COVID-19 outbreak, followed by Colombia, Ecuador, Chile, Peru, and Argentina, which are also witnessing the adverse impacts of the pandemic across various industries.The governments in SAM have taken an array of actions to protect their citizens and contain COVID-19’s spread.

It is anticipated that the market in SAM will face steep decline as the majority of stimulus package deployed by the government was majorly focused on public healthcare and tax relief.In addition to this, the online, as well as retail distribution channel will also face the negative impact due to supply chain disruptions and non-availability of raw materials.

The sharp decline in business activities and product sales are expected to directly affect the growth rate of electric vehicle actuator market in this region for the next three to four quarters.

Based on type, the electric actuator segment is expected to be the fastest growing segment during the forecast period for SAM.Electric actuators make use of an electric motor and gear reduction to generate torque or force.

Several technologies are being used for designing an electric actuator.The electric motor may use AC or DC power and synchronous or asynchronous (squirrel cage) design.

Also, this actuator consists of gearing systems that include spur, worm, and scotch yoke.The gear lubrication contains heavy-duty grease applied to the gear surfaces or oil-filled gearbox.

Various accessories are available to report and supervise the operating conditions and actuator’s status. There are a wide variety of electric actuators available in the market, which are opted based on different technologies, prices, performance, and quality. Advantages of electric actuators such as less cost, high performance, and easy customization are expected to increase their demand in coming years, thereby driving the SAM electric vehicle actuator market during the forecast period.
The overall SAM electric vehicle actuator market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the SAM electric vehicle actuator market.

The process also serves the purpose of obtaining overview and forecast for the SAM electric vehicle actuator market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the SAM electric vehicle actuator market. BorgWarner Inc.; Continental AG; HELLA GmbH and Co. KGaA; Hitachi, Ltd.; Johnson Electric Holdings Limited; Mahle GmbH; Mitsubishi Electric Corporation; Nidec Corporation; Robert Bosch GmbH; and Stoneridge, Inc. are among key players operating in the SAM electric vehicle actuator market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on