Press release
Electric Vehicle Traction Motor Market to reach USD 41.93 Bn by 2029, emerging at a CAGR of 29.14 percent and forecast 2023-2029
Electric Vehicle Traction Motor Market
Electric Vehicle Traction Motors play a pivotal role in the electric vehicle industry by converting electrical energy into mechanical power to propel vehicles. The report provides a detailed analysis of this market, including:
Request a Free Sample Copy or View Report Summary: https://www.maximizemarketresearch.com/request-sample/96048
Electric Vehicle Traction Motor Market Research Methodology:
The research conducted for this report employed a combination of primary and secondary data sources to comprehensively examine and validate all factors impacting the market. To ensure robustness, the market size for both top-level markets and sub-segments is adjusted to account for inflation, economic fluctuations, regulatory changes, and other variables affecting market forecasts.
A bottom-up approach, as well as multiple data triangulation methodologies, were employed to estimate market size and forecasts. The percentage splits, market shares, and segment breakdowns were determined based on utilization rates and average sale prices assigned to each segment. Country-wise analyses of the overall market and its sub-segments were driven by the percentage adoption or utilization of the market size within the respective region or country. The identification of major market players was achieved through secondary research, considering indicators such as market revenue, pricing, services offered, advancements, mergers and acquisitions, and collaborations.
What are Electric Vehicle Traction Motor Market Dynamics:
The Electric Vehicle Traction Motor Market is subject to dynamic forces that influence its growth trajectory, encompassing drivers and restraints that guide its development over time. Drivers create opportunities for companies to thrive, while restraints present challenges. The report offers detailed insights into these dynamics, summarized below.
Increasing Adoption of Electric Vehicles: As governments worldwide aim to reduce carbon emissions, consumers are increasingly choosing electric vehicles over traditional gasoline-powered ones. This shift is expected to drive the demand for EV Traction Motors, essential components of electric vehicles.
Technological Advancements: Continuous innovations in EV Traction Motors, resulting in more efficient, lightweight, and compact designs, are boosting market growth. For instance, Hyundai Motor Group recently unveiled a smaller and lighter electric motor with higher power density, further propelling electric vehicle adoption.
Government Initiatives and Subsidies: Governments globally are offering incentives and subsidies to promote electric vehicle adoption. Initiatives like Canada's investment in electric vehicle charging infrastructure and the European Union's emission reduction requirements are driving demand for EV Traction Motors.
Electric Vehicle Traction Motor Market Regional Insights:
The Electric Vehicle Traction Motor Market is regionally segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Key regional insights include:
Asia Pacific: Leading the market due to established automobile manufacturing companies and increasing electric vehicle adoption, particularly in China, Japan, and India.
Europe: Significantly contributing to the market, driven by stringent EU emission regulations, subsidies, and incentives for electric vehicle purchases.
Middle East & Africa and South America: Expected to experience growth, propelled by the increasing demand for electric vehicles and government initiatives, such as tax incentives and subsidies, supporting electric vehicle adoption.
The Electric Vehicle Traction Motor Market is on a rapid growth trajectory, and the comprehensive report provides valuable insights into the factors driving its expansion, challenges to be overcome, and the regional dynamics shaping its future.
Get Full Report: https://www.maximizemarketresearch.com/market-report/global-electric-vehicle-traction-motor-market/96048/
What is Electric Vehicle Traction Motor Market Segmentation:
by Type
• AC Induction Motor
• Permanent Magnet Synchronous Motor (PMSM)
• Brushless DC Motor (BLDC)
by Power Output
• 500 kW
by Vehicle Type
• Battery Electric Vehicles (BEV)
• Hybrid Electric Vehicles (HEV)
• Plug-In Hybrid Electric Vehicles (PHEV).
by Voltage Rating
• High voltage EV Traction motor
• Low voltage EV Traction Motor.
by Sales Channel
• OEM (Original Equipment Manufacturer)
• Aftermarket
by End-Use Industry
• Automotive
• Industrial
• Aerospace
• Others
by Application
• Traction motors
• Starter motors
• Generators
by Cooling Type
• Air-cooled
• Liquid-cooled motors
by Materials
• Copper
• Aluminum
• Others
Due to the increasing e-commerce industry's use of non-cash payment methods globally, which is increasing the transaction application, in the market, the transaction sector is anticipated to have the bigger market size throughout the forecast period.
Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP) are the two categories according to processing type. OLAP systems are anticipated to experience the fastest CAGR growth among them all during the projection period. OLAP systems are frequently used for corporate process management, sales management, forecasting, and corporate Intelligence (BI). Organisations' struggles with massive data are aided by in-memory OLAP solutions.
Request a Free Sample Copy or View Report Summary: https://www.maximizemarketresearch.com/request-sample/96048
Who are Electric Vehicle Traction Motor Market Key Players:
• ABB Ltd. (Switzerland)
• Advanced Motors & Drives (US)
• BOSCH (Germany)
• BorgWarner Inc. (US)
• Continental AG (Germany)
• DENSO Corporation (Japan)
• Emerson Electric Co. (US)
• GKN Automotive Limited (UK)
• Hitachi Automotive Systems, Ltd. (Japan)
• Hyundai Mobis Co., Ltd. (South Korea)
• Jing-Jin Electric Technologies (China)
• Magna International Inc. (Canada)
• Mahindra Electric Mobility Limited (India)
• Mitsubishi Electric Corporation (Japan)
• Nidec Corporation (Japan)
• Parker-Hannifin Corporation (US)
• Regal Beloit Corporation (US)
• Robert Bosch GmbH (Germany)
• Siemens AG (Germany)
• Toshiba Corporation (Japan)
• TTM Technologies, Inc. (US)
• Valeo SA (France)
• WEG S.A. (Brazil)
• YASA Limited (UK)
• ZF Friedrichshafen AG (Germany)
• Hino Motors, Ltd. (Japan)
• TM4 Inc. (Canada)
Table of content for the Electric Vehicle Traction Motor Market includes:
Global Electric Vehicle Traction Motor Market: Research Methodology
Global Electric Vehicle Traction Motor Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Electric Vehicle Traction Motor Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
More Related Reports:
Global Thermochromic Pigment Market https://www.maximizemarketresearch.com/market-report/global-thermochromic-pigment-market/69961/
Global Nisin Market https://www.maximizemarketresearch.com/market-report/global-nisin-market/33109/
Global Spine Biologics Market https://www.maximizemarketresearch.com/market-report/global-spine-biologics-market/34739/
Global Power Management IC Market https://www.maximizemarketresearch.com/market-report/global-power-management-ic-market/65901/
Global Infrared Sensors Market https://www.maximizemarketresearch.com/market-report/global-infrared-sensors-market/6839/
UV Disinfection Equipment Market https://www.maximizemarketresearch.com/market-report/uv-disinfection-equipment-market/2437/
Global Diagnostic Catheter Market https://www.maximizemarketresearch.com/market-report/global-diagnostic-catheter-market/32056/
Global Hybrid Operating Room Market https://www.maximizemarketresearch.com/market-report/global-hybrid-operating-room-market/54800/
Global Trocars Market https://www.maximizemarketresearch.com/market-report/global-trocars-market/22296/
Global Bionic Eye Market https://www.maximizemarketresearch.com/market-report/global-bionic-eye-market/74356/
Global Healthcare/Medical Simulation Market https://www.maximizemarketresearch.com/market-report/global-healthcare-medical-simulation-market/3320/
Global Superdisintegrants Market https://www.maximizemarketresearch.com/market-report/global-superdisintegrants-market/24119/
Global Nonopioid Pain Patch Market https://www.maximizemarketresearch.com/market-report/global-non-opioid-pain-patch-market/37147/
Wearable Healthcare Devices market https://www.maximizemarketresearch.com/market-report/wearable-healthcare-devices-market/164056/
Global Topical Antibiotics Market https://www.maximizemarketresearch.com/market-report/global-topical-antibiotics-market/101031/
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 444 West Lake Street, Floor 17,
Chicago, IL, 60606, USA.
✆ +1 800 507 4489
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT and telecom, chemical, food and beverage, aerospace and defense, healthcare and others.
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 Electric Vehicle Traction Motor Market to reach USD 41.93 Bn by 2029, emerging at a CAGR of 29.14 percent and forecast 2023-2029 here
News-ID: 3240399 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Courier Services Market Set to Surge to USD 712 Billion by 2032 with a 5.8% CAGR
The Courier Services Market size was valued at USD 453.56 Billion in 2024 and the total Courier Services revenue is expected to grow at a CAGR of 5.8% from 2025 to 2032, reaching nearly USD 712.07 Billion.
Courier Services Market Overview
The global Courier Services Market has experienced significant growth, driven by the rising adoption of e-commerce, growing Internet penetration, and changing consumer lifestyles. Courier services provide quick, door-to-door delivery solutions for…
WealthTech Solutions Market Set to Triple by 2030 with a Robust 15.58% CAGR
WealthTech Solutions Market was valued at USD 6.47 Billion in 2023, and it is expected to reach USD 17.83 Billion by 2030, exhibiting a CAGR of 15.58% during the forecast period (2024-2030).
WealthTech Solutions Market Overview
The global WealthTech Solutions Market is undergoing a transformative phase, driven by changing customer preferences, digital innovation, and evolving financial landscapes. WealthTech solutions provide digital tools and platforms that enhance operational efficiency for financial advisors, wealth…
Rapid Test Market Projected to Reach USD 80.07 Billion by 2032 with 8.81% CAGR G …
Global Rapid Test Market size was valued at USD 40.75 Bn. in 2024 and the total Rapid Test Market is expected to grow by 8.81% from 2025 to 2032, reaching nearly USD 80.07 Bn.
Rapid Test Market Overview
The global Rapid Test Market is witnessing significant growth, driven by the increasing demand for fast, accessible diagnostic solutions across healthcare settings and home-care applications. Rapid tests are designed to detect the presence of…
Agarwood Oil Market Set to Approach USD 497 Million by 2032, Driven by 5.42% CAG …
Global Agarwood Oil Market size is expected to reach nearly US$ 496.84 Mn by 2032 with the CAGR of 5.42% during the forecast period.
Agarwood Oil Market Overview
Agarwood Oil, derived from the resinous wood of Aquilaria trees primarily found in Southeast Asia, is highly valued for its aromatic and therapeutic properties. Formed when the wood is infected by yeast, pests, or microbes, the oil possesses antimicrobial, antioxidant, anti-inflammatory making it widely…
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…
