Electric Traction Motor Global Market By Type, By Power Rating, By Application, By Vehicle Type, Regional Outlook And Forecast 2023-2032

The global electric vehicle traction motor market size is expected to reach USD 19.8 billion by 2025, registering a CAGR of 41.6% over the forecast period, according to a new study by Radiant Insights, Inc. Traction motor is the most vital component used in Electric Vehicles (EV) as it aids the movement of the vehicle.

Governments of developing and developed countries are taking initiatives for boosting the adoption of electric vehicles, through establishment of various stringent norms and policies regarding carbon emissions, as a result of the growing environmental hazards posed by traditional combustion engine vehicles.

Download Free Sample Report @ https://www.radiantinsights.com/research/electric-vehicle-ev-traction-motor-market/request-sample Furthermore, the cost of ownership of combustion engine vehicles has witnessed rapid rise as a result of the consistent increase in the prices of petrol and diesel.

Although, lower loading capacity is proving to be a restraint for the higher adoption of EVs, companies are observed to be making huge investments to develop advanced technology for EVs and developing powerful motors and batteries.

Further key findings from the study suggest: • The BEV segment held a market share of over 50% in 2018, owing to the higher production and availability of fully battery-operated vehicles globally • The PHEV segment is forecasted to expand at a significant CAGR over the forecast period, due to reduced risk of vehicle shut down during the commute • Asia Pacific is expected to account for the highest market share, followed by North America, by 2025.

High adoption of EVs in countries such as China, contributed to the higher share of Asia Pacific • Key market players in electric vehicle traction motor market include ABB Limited, Robert Bosch GMBH, ZF TRW Automotive Holdings Corporation, Parker-Hannifin Corp., Avid Technology Limited, and Valeo SA Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/electric-vehicle-ev-traction-motor-market Table of Contents Chapter 1.

A detailed study by Fact.MR on the EV Traction Motor market provides an in-depth evaluation of various growth drivers, trends, and opportunities, the prevailing regulatory landscape in various regions, and the competitive scenario amidst the COVID-19 pandemic.

According to the latest study by Fact.MR, global demand of EV traction motor is estimated to exceed US$ 6,000 Mn in 2019, up from US$ 5,391.9 Mn in 2018.

The report provides insight into the major drivers and key restraining factors, emerging trends, and sources of new revenue streams over the assessment period.

It provides a detailed scenario of the existing demand and consumption patterns of various key product types.

The key segments covered are: Permanent Magnet Synchronous MotorsInduction/Asynchronous MotorsHybrid Motors (HM)Switched Reluctance MotorThe study takes a closer look at the nature of demand in various key application areas and highlights major technological innovations in particular to certain areas.

Companies covered in the study includeValeo SAYASA Motors Ltd.Parker-Hannifin Corp.Bharat Heavy Electricals Ltd.To Know More Information about This Report, Ask The Analyst @ https://www.factmr.com/connectus/sample?flag=AE_id=336How Insights and Analysis by Fact.MR Make Difference?

The global EV Traction Motor Market is very fragmented due to the presence of a various sizable number of players which forms a competitive environment.

The report entails all-inclusive information related to the newest market updates like new ideas, market size, opportunity, growth path and trends for the forecast period of 2021-2027 to realize competitive edge across the world.

This report also highlights various important strategic mergers and acquisitions, company overview, financial details, and therefore the latest development undertaken.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.

The key players in the EV traction motor market include ABB Limited, Bharat Heavy Electricals Ltd., Magnetic Systems Technology, Parker-Hannifin Corp., SKF AB, Valeo SA, YASA Motors Ltd., ZF TRW Automotive Holdings Corporation and Zytek Group Limited.

An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global EV Traction Motor Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/ev-traction-motor-market/download-sampleMarket DynamicsRising demand of electric vehicle, increasing spending on the betterment of railways and strict governmental regulation on carbon emission are the prominent factors promoting the market growth.

However, overheating of the motors may hinder the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.

According to the latest study by Fact.MR, global demand of EV traction motor is estimated to exceed US$ 6,000 Mn in 2019, up from US$ 5,391.9 Mn in 2018.

Sales of electric vehicles and hybrid electric vehicles, upheld by a host of technological features and claims of optimal performance, are likely to boost growth of EV traction motor market in 2019 and beyond.

In addition, increasing regulations and norms put in place for effective emission controls are working in favor of hybrid and electric vehicles, paving lucrative avenues for growth of EV traction motor market.Request for the Report Summary: https://www.factmr.com/report/336/ev-traction-motor-marketGovernmental schemes to incentivize and subsidize owners of electric vehicles is a key aspect underpinning growth of EV traction motor market.

Most of these incentives and subsidies include tax exemptions, tax credits, concessions, and additional benefits, which play a vital role in exerting positive influence on customer decision-making.

The EV traction motor industry is likely to benefit from these incentives with regard to revenue generation, finds the report.Automakers Prefer EV Traction Motors with High Voltage RatingsAccording to the research study, energy efficacy is emerging as one of the focal points of automakers, on account of its importance in reducing of greenhouse emissions.

High voltages provide a healthy boost to the efficiency levels, which is a primary reason for automakers preferring motors of high voltage ratings over the ones with low voltage ratings.Request for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S_id=336Both electric and hybrid electric vehicles are based on high voltage battery systems, which implies that high voltage levels would be required for generation of sufficient power to run the vehicles.

Railway Traction Motor Market: Global Market Size, Trends, Competitive, Historical and Forecast Analysis, 2020–2030.

Increase in the number of railway projects, railway logistics, and electrification in conventional railways are expected to fuel the railway traction motor market growth.The Global Railway Traction Motor Market size was valued at USD 33.69 billion in 2019 and is projected to reach 47.64 billion by 2030, growing at a CAGR of 3.2% from 2020 to 2030.Traction motor is an electric motor used to generate the power for rotating the wheels of a train.

The traction motor provides high torque at low speed and vice versa that acts as a key driver for the market growth and propulsion.

Also, the development in railroad technologies and stringent regulations pertaining to vehicular emissions in countries around the world are expected to boosts the market growth.

However, high investment for designing and manufacturing traction motors may hinder the railways traction motors market growth.Access Full Description of this report at:- https://www.nextmsc.com/report/railway-traction-motor-market Top Companies: Integra Lifesciences Corporation, AbbVie Inc., Merck KGaA, Medtronic, Thermo Fisher Scientific Inc., Smith+Nephew, Becton, Dickinson and Company, Baxter International Inc, Cook Biotech, and Organogenesis Inc and others.The global railway traction motor market is segmented based on type, application, and geography.

Geographically, it is analyzed across North America, Europe, Asia-Pacific, and rest of the world (RoW).Request sample copy of this report at:- https://www.nextmsc.com/railway-traction-motor-market/request-sample North America denotes the higher adoption of railway traction motors and is anticipated to hold the largest market share throughout the forecast period.