Driving Electric: Global EV Traction Motor Market Forecast Highlights Key Growth by 2032

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.

Request Sample Pages - https://www.alliedmarketresearch.com/request-toc-and-sample/A11367

Key benefits of the report:

This study presents the analytical depiction of the EV traction motor market along with current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the EV traction motor market share.
The current market is quantitatively analyzed to highlight the EV traction motor market growth scenario.
Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.

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 & machinery and government initiatives to incentivize costumers are expected to drive the growth of the market. However, rise in price of materials used for production and high investment costs are expected to restrain the growth of the market. Furthermore, increase in R&D is projected to provide lucrative opportunities for the EV traction motor market.

Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/A11367

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.

By Type

AC
DC

By Power

Below 200 kW
200-400 kW

Key Market Players

YASA Motors Ltd.,
SKF AB,
Parker-Hannifin Corp.,
CG Power,
ABB Limited,
Bharat Heavy Electricals Ltd.,
Valeo SA,
ZF TRW Automotive Holdings Corporation,
Magnetic Systems Technology,
Zytek Group Limited,
Industrial Solutions

Request for Customization at - https://www.alliedmarketresearch.com/request-for-customization/A11367

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: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube

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.

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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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.