openPR Logo
Press release

EV Traction Motor Market Research Report 2019-2025 |Key Players are Zhongshan Broad-Ocean Motor Co. Ltd., BorgWarner Inc., Robert Bosch GmbH, Continental AG, Nidec Corporation, LG Electronics, Siemens AG etc…

EV Traction Motor Market

EV Traction Motor Market

The EV Traction Motor Market is anticipated to be one of the most lucrative markets in the automotive sector and estimated to grow at a significant rate during the forecast period 2019-2025. The EV traction motor is an electric motor used for the propulsion of EVs. It converts electrical energy into motion. These traction motors form a major component in EVs like cars, two-wheelers, light industrial/commercial vehicles, military vehicles, buses, and others. These motors determine the performance and affordability of EVs. The market is driven by increasing investments in rolling stock, rising need to minimize carbon emission, increasing demand for higher efficient electric traction motors in electric vehicles.

Additionally, increasing government initiatives on electric vehicle adoption, growing demand from the railway sector and the increasing production of electric vehicles, mainly in the Asia Pacific and European region, are the key factors driving the market over the forecast period. Moreover, increasing penetration of conveyors, elevators and other industrial machines at the manufacturing site for easy operation is further fueling the market demand.

Request for PDF Sample of this Report@ https://bit.ly/2UUmx2z

Induction/Asynchronous Motor is the leading motor type segment of the global EV traction motor market during the forecast period.
On the basis of motor type, the EV traction motor market has been segmented into Permanent Magnet Synchronous Motor (PMSM), Induction/Asynchronous Motor, Hybrid Motors (HM), and Switched Reluctance Motor (SRM). Induction/Asynchronous Motor is estimated to be the highly preferred motor in the global EV traction motor market. An induction motor/Asynchronous motor is an AC electric motor, the rotor always turns at a lower speed than the field. The induction motors are less expensive, and the small size/weight penalty becomes insignificant as vehicles get larger like trucks and buses. Additionally, the developments in hybrid technology of the combustion engines will integrate traction motors for higher proficiency. The growing demand for electric vehicles fuels the adoption of traction motors in the global market.

High voltage rating is the dominating segment in the overall global EV traction motor market during the forecast period.
On the basis of the voltage rating, the EV traction motor market has been segmented into Low voltage and High voltage. High voltage leads the global EV traction motor market over the forecast period 2019-2025. Automotive manufacturers are manufacturing and increasing electrification in vehicle powertrains in the form of hybrid electric vehicles and electric vehicles (HEVs/EVs). These vehicles are based on high-voltage battery systems like +400V for EVs and 48Vfor HEVs. In addition to energy-efficiency enhancements, the incorporation of high voltage makes system wiring less complex and lighter.

North America accounts for the largest share of the global EV traction motor market during the forecast period.
On the basis of region, the EV traction motor market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America has the highest demand for EV traction motor. An increasing number of initiatives taken by the governing authorities such as offering subsidies and incentives on purchasing the electric vehicles will fuel the growth of the EV traction motor market in North America. In addition, the Department of energy in the U.S. is also witnessed to guide and encourage the manufacturing companies to produce the EV traction motors attributed to the low cost of the electric vehicles and enhanced power. Asia-Pacific is the fastest growing region owing to the rising demand for electric vehicles in countries such as China and Japan to reduce carbon emission over the forecast period.

Objective of the Study:
• To analyze and forecast market size of the Global EV traction motor market, in terms of value & volume.
• To examine the careful market segmentation and forecast the market size, in terms value, on the basis of region by segmenting EV traction motor market into five regions, namely, North America, Europe, Asia Pacific, Middle East and their leading countries.
• To outline, categorized and forecast the global EV traction motor market on the basis of motor type, voltage rating, and vehicle type.
• To examine competitive developments like expansions, technological advancement, services, and regulative framework within the global EV traction motor market.
• To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
• To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Detailed Analysis of Table of Contents@ https://bit.ly/2YkNcrs

Global EV Traction Motor Market Competitive Landscape
Companies like Zhongshan Broad-Ocean Motor Co. Ltd., BorgWarner Inc., Robert Bosch GmbH, Continental AG, Nidec Corporation, LG Electronics, Siemens AG, MEIDENSHA CORPORATION, Jing-Jin Electric Technologies Co. Ltd., Shuanglin Group, Bharat Heavy Electricals Ltd, ABB Limited, Magnetic Systems Technology, Parker-Hannifin Corp., SKF AB, Valeo SA, YASA Motors Ltd., ZF TRW Automotive Holdings Corporation, Zytek Group Limited are the key players in manufacturing EV traction motor globally.

Scope of the Report
By Motor Type
• Permanent Magnet Synchronous Motor (PMSM)
• Induction/Asynchronous Motor
• Hybrid Motors
• Switched Reluctance Motor (SRM)

By Voltage Rating
• Low
• High

By Vehicle Type
• Battery Electric Vehicle
• Plug-In Electric Vehicle
• Hybrid Vehicle

In addition, the report provides analysis of the EV traction motor market with respect to the following geographic segments and their high performing regions:
• North America
• Europe
• Asia Pacific (APAC)
• LATAM
• MEA

Request for Research Methodology of this Report@ https://bit.ly/2FxPyL8

About BlueWeave Consulting & Research Pvt Ltd. (BWC)

BlueWeave Consulting is a one-stop solution for market intelligence regarding various products and services online & offline. We offer worldwide market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. Our primary forte lies in publishing more than 100 research reports annually. We have a seasoned team of analysts working only for various sub-domains like Chemical and Materials, Information Technology, Telecommunication, Medical Devices/Equipment, Healthcare, Automotive and many more. BlueWeave has built its reputation from the scratches by delivering quality performance and nourishing the long-lasting relationships with its clients for years. We are one of the leading digital market intelligence generation company delivering unique solutions for blooming your business and making the morning, more rising & shining.

Contact Us:
info@blueweaveconsulting.com
https://www.blueweaveconsulting.com
Global Contact: +18666586826

GD-69, Sector G, East kolkata Twp,
Kolkata, West Bengal

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release EV Traction Motor Market Research Report 2019-2025 |Key Players are Zhongshan Broad-Ocean Motor Co. Ltd., BorgWarner Inc., Robert Bosch GmbH, Continental AG, Nidec Corporation, LG Electronics, Siemens AG etc… here

News-ID: 1670173 • Views:

More Releases from BlueWeave Consulting & Research Pvt Ltd.

United States Enhanced Water Market Size, Share Growth is Projected to Growing a …
The United States enhanced water market is growing at high rate because of the rising health awareness and the need for additional nutritional supplements in the body due to a busy lifestyle.... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the US enhanced water market was worth USD 2,131.0 million in the year 2020. The data yielded by the study reveals that the
Global Electronic Bill Presentment and Payment (EBPP) Market Size & Share is Gro …
Electronic bill presentment and payment (EBPP) market is being driven by factors such as globalization, businesses expanding overseas, and consumers increasingly using plastic money. Market growth is also driven by the use of high-speed internet access on smart phones... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global electronic bill presentment and payment (EBPP) market was worth 18.5 number of bills in
Global Fatty Alcohol Market Size & Share is Predicted to Garner USD 8.4 Billion …
The global fatty alcohol market is growing at a high CAGR because of the increasing demand for bio-based renewable products to promote sustainability and control dependence on non-renewable products such as petrochemicals... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global fatty alcohol market was worth USD 5.5 billion in the year 2020. The market is estimated to grow at a CAGR
Global Medical Goggle Market Size, Share & Growth is Projected to Grow at a CAGR …
The global medical goggle market is growing at a high CAGR because of the increasing demand for surgical procedures and prevalence of infectious diseases and stringent regulations regarding the safety of healthcare workers... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global medical goggle market was worth USD 443.4 million in the year 2020. The data generated by the study reveals that

All 5 Releases


More Releases for Motor

SUV Market 2021 Precise Outlook- Honda Motor, Toyota Motor, Nissan Motor, Ford M …
The report presents an in-depth assessment of the SUV Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for SUV from 2021 till 2027. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in the number of
Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol …
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status
Micro Motor Industry - Johnson Electric, Siemens, Mitsuba Corporation, Nidec Mot …
Global Micro Motor Market is set to rise from its initial estimated value of USD 28.13 billion in 2018 to an estimated value of USD 39.86 billion, registering a CAGR of 4.45% in the forecast period of 2019-2026. This projected rise in the value can be attributed to the increasing applications and demand from the various segments of the market. Get Sample Copy of this Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-micro-motor-market Key Market Competitors: Global
Electric Vehicles Market 2030 | Honda Motor Co., Ltd., Ford Motor, Toyota Motor …
A Research Report Insights (RRI) report reveals that the global market for electric vehicles is set to cross US$ 99 Billion in terms of value by 2016 end. As per the report, the market is expected to reach US$ 596.56 Billion by 2030, riding on a CAGR of 15.6%. Increasing demand for clean and green energy and rise in global air pollution is compelling socio-economic institutions to rethink over the structures
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. Access Full Report: https://www.alliedmarketresearch.com/electric-vehicle-motor-market The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in