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Electric Vehicle (EV) Traction Motor Market Growth at +30.9% CAGR in 2025: Global Companies like Robert Bosch GmbH, Continental AG, Siemens AG, Nidec Corporation, LG Electronics

02-27-2019 03:44 PM CET | Tourism, Cars, Traffic

Press release from: Contrive Datum Insights Pvt. Ltd.

Electric Vehicle (EV) Traction Motor

Electric Vehicle (EV) Traction Motor

The global Electric Vehicle (EV) Traction Motor Market is expected to witness significant growth during the forecast period. The market is driven by increasing government initiatives on electric vehicle adoption, increasing focus on expanding electric vehicle charging infrastructure, and growing preference for electrification of the public fleet. Electric vehicles are equipped with an electric motor for propulsion of the vehicle. These vehicles can be classified into battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV). BEV is a zero-emission vehicle that purely runs on a battery and electric traction motor without an internal combustion engine (ICE). The battery can be plugged in and recharged from an external energy source. PHEV is equipped with two propulsion modes, i.e., drive motor and internal combustion engine (ICE). When the battery is high, the vehicle runs on the drive motor and when the battery is low, the vehicle runs on ICE.

“The global electric vehicle traction motor market is expected to reach revenue of $ELECTRIC VEHICLES COMPONENTS billion by 2025, growing at a CAGR of 30.9% during the forecast period 2018–2025.”

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he comprehensive report on the market provides in-depth insights into key drivers and restraints, notable trends, share and revenue value of various segments, prominent investments trends, favourable governmental policies, and key technology risks in major regions.

key players profiled in this study include Zhongshan Broad-Ocean Motor Co., Ltd., BorgWarner Inc., Robert Bosch GmbH, Continental AG, Siemens AG, Nidec Corporation, LG Electronics, MEIDENSHA CORPORATION, Jing-Jin Electric Technologies Co., Ltd., and Shuanglin Group.

The market is segmented based on motor type, motor capacity, vehicle type, and application. In terms of motor type, the market is segmented into synchronous motor and induction motor.

Based on the motor capacity, the market is segmented into
Less Than 40 kW,
Greater than or equal 40 kW To less than80 kW,
Greater than or equal 80 kW.

By vehicle type, the market is segmented into
battery electric vehicles (BEV)
plug-in hybrid electric vehicles (PHEV)

The applications covered in the report are
electric cars,
electric buses,
electric scooters.

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Regional Analysis:
The Asia Pacific region is dominating in the global EV traction market followed by Europe. In terms of revenue, Asia Pacific accounted for more than 60% share and is projected to remain dominant during the forecast period. This is mainly due to the expanding electric vehicle charging infrastructure and increasing government initiatives, such as NEV policy in China. The report also covers country-wise analysis of the electric vehicle traction motor market across various regions including the Americas, Europe, Asia Pacific, and Middle East & Africa (MEA).

Benefits and Vendors
The report contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Few of the
The study offers a comprehensive analysis of the “global electric vehicle traction motor market”. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists to understand revenue opportunities across different segments to take better decisions.

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Any special requirements about this report, please let us know and we can provide custom report.

About Contrive Datum Insights:
Contrive Datum Insights (CDI) is the most comprehensive database of market-related research. Serious researchers from across the globe seeking up-to-date information on the latest market trends with in-depth analyses turn to Contrive Datum Insights. Our massive database boasts authentic reports published by leading authors and publications. Contrive Datum Insights’ highly motivated and expert in-house team undertakes rigorous screening of the credentials of publishers and authors before accepting their submissions. Such vetting is imperative for internal quality control.

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Office : 4859 Slcan Street,
Vancouver,
British Columbia, Canada
+19084598372,
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