The Global Electric Vehicle Traction Motor Market are essential parts of hybrid and electric cars because they transform electrical energy into mechanical energy, which powers the car forward. These motors, which run on batteries or fuel cells, use electromagnetism to produce a magnetic field when an electric current passes through their windings.
With a projected valuation of USD 4.76 billion in 2022, the electric vehicle traction motors market is anticipated to expand at a compound annual growth rate (CAGR) of 39.4%. One of the most important parts of an electric car is the traction motor, which transforms electrical energy from the battery into mechanical energy to move the wheels. One of the main features that sets electric cars apart from conventional cars with internal combustion engines is this motor.
Rotational motion is produced when permanent magnets or electromagnets interact with this magnetic field. High torque, rapid acceleration, regenerative braking, and reduced maintenance needs are some advantages of electric traction motors. The development and improvement of electric traction motors are essential to easing the shift to more environmentally friendly mobility options considering the rising demand for sustainable transportation.
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An international summary of Electric Vehicle Traction Motor Market shares, size, data, trends, revenue, demand, and development prospects by major participants, geographical areas, and nations is provided by the market study. This research provides a thorough market analysis covering the previous, current, and projected periods up to 2033, aiding in the identification of potential future possibilities, risk factors, and growth areas. The report provides a concise strategy for market growth over the forecast period by highlighting current advancements, technical innovations, market impacting variables, demographic study, demand, and supply chain. Additionally, it provides thorough explanations of PESTLE and SWOT analysis based on regional and industry segmentations.
Global Electric Vehicle Traction Motor Market:- Segmental Analysis
By Type
Permanent Magnet Synchronous Motors
DC Brushed Motors
DC Brushless Motors
Out-Runner BLDC Motors
In-Runner BLDC Motors
Induction Motors
Switched Reluctance Motors
Wound Rotor Synchronous Motors
By Propulsion Type
Hybrid Electric Vehicles
Pure Hybrid Electric Vehicles
Plug-In Hybrid Electric Vehicles
Battery Electric Vehicles
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By Power Output
Less Than 100 kW
100 kW to 250 kW
More Than 250 kW
By Application
Passenger Vehicles
E-Scooters & Bikes
Heavy Commercial Vehicles
Key Companies
ABB Limited
AVL List GmbH
BorgWarner Inc.
Continental AG
Dana Incorporated
GKN Automotive Limited
Hitachi Automotive Systems
Mitsubishi Electric Corporation
Nidec Corporation
Parker-Hannifin Corp.
Robert Bosch GMBH
SiCepower
Siemens AG
SKF AB
Yaskawa Electric Corporation
ZF TRW Automotive Holdings Corporation
BYD Company Limited
Others
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