Press release
Electric Vehicle Traction Motor Market 2023 : By Segments, Research And Regional Outlook 2032 | AB SKF, ABB Ltd., HNidec Corporation, Robert Bosch GmbH, Valeo SA
Electric Vehicle Traction Market Growth
As per the electric vehicle traction market report by The Business Research Company, increased sales of hybrid electric vehicles is expected to propel the growth of the electric vehicle traction motor market. A hybrid electric vehicle is a hybrid vehicle that combines an internal combustion engine and an electric propulsion system.
The global electric vehicle market size grew from $248.05 billion in 2022 to $316.19 billion in 2023 at a compound annual growth rate (CAGR) of 27.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The electric vehicle market size is expected to grow to $793.69 billion in 2027 at a CAGR of 25.9%.
Read More On The Electric Vehicle Traction Market Report Here:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-traction-motor-global-market-report
Major competitors in the Electric Vehicle Traction market include AB SKF, ABB Ltd., Avid Technology Limited, Hitachi Automotive Systems, Ltd., Nidec Corporation, Parker-Hannifin Corporation, Robert Bosch GmbH, Valeo SA, ZF TRW Automotive Holdings Corporation, Zytek Group Limited, Copper Rotor Induction Motor, RETORQ Motors Ltd., SERVAX, Equipmake Ltd., and Bharat Heavy Electricals Ltd.
The Electric Vehicle Traction market is segmented -
By Motor Type: Permanent Magnet Synchronous EV Traction Motors (PSM), Asynchronous EV Traction Motors (ASM)
By Voltage Ratings: High Voltage EV Traction Motors, Low Voltage EV Traction Motors
By Vehicle Type: Electric Vehicles, Plug-in Hybrid Electric Vehicles, Mild Hybrid Vehicles, Full Hybrid Vehicles
By Application: Railways, Electric Vehicle, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Electric Vehicle Traction market.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=7165&type=smp
An electric vehicle traction motor refers to the motor that turns the wheels of a vehicle. Some vehicles use motor generators for both driving and regeneration. It is used for converting electrical energy to mechanical energy in a method that propels the vehicle beyond aerodynamic drag, rolling resistance drag, and kinetic resistance is the motor that powers the vehicle's wheels.
The Table Of Content For The Electric Vehicle Traction Market Include:
1. Executive Summary
2. Electric Vehicle Traction Motor Market Characteristics
3. Electric Vehicle Traction Motor Market Trends And Strategies
4. Electric Vehicle Traction Motor Market - Macro Economic Scenario
5. Electric Vehicle Traction Motor Market Size And Growth
……
26. Africa Electric Vehicle Traction Motor Market
27. Electric Vehicle Traction Motor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Vehicle Traction Motor Market
29. Electric Vehicle Traction Motor Market Future Outlook and Potential Analysis
30. Appendix
The "Global Electric Vehicle Traction Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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