EV Traction Motor Market is Expected to Witness Healthy Growth at 25% CAGR through 2031

Sales of EV traction motors to be valued at US$ 6.4 Bn by 2021-end, riding on the back of a highly promising future for EVs and hybrid vehicles. By 2031, revenues are expected to reach US$ 60 Bn, with the industry scheduled to register a whopping 9x across the 2021-2031 assessment period.

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A comprehensive estimate of the EV Traction Motor market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of EV Traction Motor during the forecast period. Price point comparison by region with the global average price is also considered in the study.

The Market survey of EV Traction Motor offers a comprehensive analysis of diverse features, including production capacities analysis of EV Traction Motor, demand, product developments, revenue generation, and Size of EV Traction Motor Market across the globe.

Key Segments Covered
Motor Type
Permanent Magnet Synchronous EV Traction Motors (PSM)
Asynchronous EV Traction Motors (ASM)
Voltage Ratings
High Voltage EV Traction Motors
Low Voltage EV Traction Motors
Vehicle Type
Traction Motors for Electric Vehicles
Traction Motors Plug-in Hybrid Electric Vehicles
Traction Motors Mild Hybrid Vehicles
Traction Motors Full Hybrid Vehicles

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• Fact.MR will provide you an analysis of the extent to which this EV Traction Motor market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• Fact.MR will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.

Some of the EV Traction Motor Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
• Details regarding latest innovations and development in EV Traction Motor and how it is gaining customer traction during the forecast period.
• Analysis about the customer demand of the products and how it is likely to evolve in coming years.
• Latest regulations enforced by government bodies and local agencies and their impact on Demand of EV Traction Motor Market .
• Insights about adoption of new technologies and its influence on the EV Traction Motor market Size.
• Overview of the impact of COVID-19 on EV Traction Motor Market and economic disruptions caused by the pandemic.
• Evaluates post-pandemic impact on the Sales of EV Traction Motor Market during the forecast period.

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Competitive Landscape
Prominent EV traction motor manufacturers are focusing on introducing new product lines for electric and hybrid electric motor vehicles, along with outright and partial acquisition of small and medium-scale players. Additionally, several players are forging stake purchase and collaboration agreements with prominent automotive companies to expand their global presence.

In July 2021, YASA Motors Ltd., a pioneer in next-generation electric drive technology, was acquired by automotive giant Mercedes-Benz. Under the terms of this acquisition, YASA will operate a wholly-owned subsidiary of Mercedes-Benz, developing high performance e-motors
ABB Limited, a multinational corporation that specializes in power, robotics, automation technologies, and heavy electrical equipment, purchased KEYMILE Group's mission-critical communication business unit in 2017. This acquisition aims to broaden ABB's range of communication networks. This will also aid in the expansion of ABB's revenue-generating prospects
In December 2020, Parker-Hannifin introduced the GVM310 310 mm frame high-power, permanent magnet AC motor. This product launch is an addition to its existing Global Vehicle Motor (GVM) family for off-road and on-road commercial electric and hybrid electric vehicles

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• The data provided in the EV Traction Motor market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
• The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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