The Business Research Company’s Electric Vehicle Traction Motor Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Electric Vehicle Traction Motor Global Market Report 2023 evaluates electric vehicle traction motor market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global electric vehicle traction motor market is expected to grow from $35,969.83 million in 2027 at a rate of 42.19%. The market is then expected to grow at a CAGR of 39.08% from 2027 and reach $187,168.22 million in 2032.
The expansion of railway networks globally is expected to propel the growth of the electric vehicle traction motor market. The rising population and urbanization are increasing the demand for efficient transportation, resulting in an expansion of railway networks. As railway networks expand, there will be a greater need for traction motors. Electric vehicle traction motors are well-suited to this task, as they provide efficient and reliable propulsion without the emissions and noise associated with internal combustion engines. Many countries are making efforts to expand electric railway networks. For example, in the Outline of the 14th Five-Year Plan (2021–25) for National Economic and Social Development and Vision 2035 of China, 102 railway projects are planned. In 2023, more than 3,000 kilometers of new railway lines, including 2,500 kilometers of high-speed rail, will be operational in China. Therefore, the expansion of railway networks, along with electric trains, is expected to bring significant benefits to the electric vehicle traction motor market.
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The electric vehicle traction motor market segments in the report are:
1) By Motor Type: Permanent Magnet Synchronous EV Traction Motors (PMSM); Asynchronous EV Traction Motors (ASM)
2) By Voltage Ratings: High Voltage EV Traction Motors; Low Voltage EV Traction Motors
3) By Vehicle Type: Hybrid Vehicles; Battery Electric Vehicles; Fuel Cell Electric Vehicles
4) By Application: Railways; Passenger And Commercial Vehicles; Other Applications
The table of contents in TBRC’s electric vehicle traction motor market report includes:
- Executive Summary
- Table Of Contents
- List Of Figures
- List Of Tables
- Report Structure
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- Company Profiles
- Key Mergers And Acquisitions
- Opportunities And Strategies
- Electric Vehicle Traction Motor Market, Conclusions And Recommendations
- Appendix
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