Electric Vehicle (EV) Traction Motor Market Sales Revenue, COVID-19 Market Scenario, Opportunity, and Industry Expansion Strategies to 2030

The Electric Vehicles (EV) traction motor is installed in fully-hybrid and Battery Electric Vehicles (BEVs). The BEVs and Hybrid Electric Vehicle (HEVs) are rapidly gaining traction in the global automobile market, owing to zero emissions and high fuel efficiency at increasingly reasonable prices. Attractive operating condition and remarkable features have boosted the EV traction motor demand in the market. Some of its attractive features include high power conversion, high efficiency, quiet operation, the capability to work in adverse conditions, and many others, which are expected to boost the market over the forecast period.

Download Report Sample TOC - https://www.alliedmarketresearch.com/request-toc-and-sample/11732

COVID-19 scenario analysis:

Many manufacturing motor companies are dependent on each other for intermediate products. For instance, China produces 20% critical parts of the global value chain, which has been disturbed due to the lockdown.

Exchange of resources among two companies in two countries is not possible during the pandemic, which has resulted in huge losses.

The disrupted supply chain is estimated to take some time to revive once the pandemic is over.

Businesses are suffering from bankruptcy or entering into a recession period due to the pandemic.

Request Customization - https://www.alliedmarketresearch.com/request-for-customization/11732

Government initiatives to incentivize costumers:

Government initiatives play a very crucial role to influence costumers and to increase sales in the market. Rise in allocation of such incentives initiated by governments across various countries is estimated to display a positive impact on the market. Therefore, high efficiency and low power consumption are being highlighted by governments, resulting in more awareness among consumers.

Rise in demand for electric vehicles and machinery:

Increase in spending on the betterment of automobiles and strict governmental regulation on carbon emission are the prominent factors that fuel the market growth. Volatile fuel price is another factor that increases the demand for electric vehicles, thereby driving the market growth. In addition, increase in demand for conveyors, elevators, and other industrial machines at the manufacturing site for straightforward operation further fuels the market growth.

Purchase Enquiry - https://www.alliedmarketresearch.com/purchase-enquiry/11732

𝐓𝐨𝐩 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 (𝐄𝐕) 𝐓𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐌𝐨𝐭𝐨𝐫 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐈𝐧𝐜𝐥𝐮𝐝𝐞 𝐈𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐏𝐃𝐅 :

1. Which are the leading market players active in the EV traction motor market?

2. What are the current trends that will influence the market in the next few years?

3. What are the driving factors, restraints, and opportunities of the market?

4. What are the projections for the future that would help in taking further strategic steps?

By Type
AC
DC

By Power
Below 200 kW
200-400 kW
Above 400 kW

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: http://www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.