EV Traction Motor Market to Witness an Outstanding Growth by 2027 - AB SKF, ABB, Avid Technology Limited, Nidec, Parker-Hannifin, Valeo SA and Zytek Group Limited

The mounting preference of the masses towards emission-free vehicles has increased the sales of Hybrid Electric Vehicles (HEVs), which is boosting the EV traction motor market. Similarly, the stringent environmental regulation, as well as emission norms to safeguard environmental sustainability, are the factors for the growth in the demand for EV traction motor market in the forecast period.

The study report on Global EV Traction Motor Market 2020 to 2027 would cover every big geographical, as well as, sub-regions throughout the world. The report has focused on market size, value, product sales and opportunities for growth in these regions. The market study has analyzed the competitive trend apart from offering valuable insights to clients and industries. These data will undoubtedly help them to plan their strategy so that they could not only expand but also penetrate into a market.

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The rising demand for Energy-Efficient Motors and growing investments in the railway sector are the major drivers for the growth of the EV traction motor market. The increasing focus on electric vehicles is creating opportunities for the EV traction motor market in the coming years.

Top Leading Companies and Type

1. AB SKF
2. ABB Ltd.
3. Avid Technology Limited
4. Hitachi Automotive Systems, Ltd.
5. Nidec Corporation
6. Parker-Hannifin Corporation
7. Robert Bosch GmbH
8. Valeo SA
9. ZF TRW Automotive Holdings Corporation
10. Zytek Group Limited

Our expert team is consistently working on updated data and information of key player’s related business processes which values the market. For future strategies and predictions, we provide special section regarding covid-19 situation.

Market Segmentation :

The global EV traction motor market is segmented on the motor type, and vehicle type. Based on motor type, the market is segmented into AC traction motors, DC traction motors. On the basis of vehicle type the market is segmented into hybrid electric vehicles, battery electric vehicles, and plug-in hybrid vehicles.

The objective of the researchers is to find out the sales, value, and status of the EV Traction Motor industry at the international levels. While the status covers the years of 2020 – 2027, the forecast is for the period 2020 – 2027 that will enable market players to not only plan but also execute strategies based on the market needs.

The study wanted to focus on key manufacturers, competitive landscape, and SWOT analysis for the EV Traction Motor Market. Apart from looking into the geographical regions, the report concentrated on key trends and segments that are either driving or preventing the growth of the industry. Researchers have also focused on individual growth trends besides their contribution to the overall market.

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Target Audience of the Global EV Traction Motor Market in Market Study:

Key Consulting Companies & Advisers
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Re-sellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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