EV Traction Motor Market
EV Traction Motor Market - Global Industry Assessment & Forecast
#
Pages:
147
2022
Jul - 2022
VMR-1708
Segments Covered
By
Motor Type Permanent Magnet Synchronous EV Traction Motors (PSM), Asynchronous EV Traction Motors (ASM)
-
By
Voltage Ratings High Voltage EV Traction Motors, Low Voltage EV Traction Motors
-
By
Vehicle Type Traction Motors for Electric Vehicles, Traction Motors Plug-in Hybrid Electric Vehicles, Traction Motors Mild Hybrid Vehicles, Traction Motors Full Hybrid Vehicles
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 7652.62 Million |
 Revenue 2030:
|
USD 45322.03 Million |
 Revenue CAGR
(2023 - 2030): |
24.90% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: EV Traction Motor Market by Motor Type by Voltage Ratings by Vehicle Type by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the EV Traction Motor supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- EV Traction Motor market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the EV Traction Motor supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the EV Traction Motor market.
Vantage Market
Research | 20-Jul-2022
FAQ
Frequently Asked Question
What is the global demand for EV Traction Motor in terms of revenue?
-
The global EV Traction Motor valued at USD 7652.62 Million in 2022 and is expected to reach USD 45322.03 Million in 2030 growing at a CAGR of 24.90%.
Which are the prominent players in the market?
-
The prominent players in the market are Zytek Group Limited, ZF TRW Automotive Holdings Corporation, YASA Motors Ltd., Valeo SA, SKF AB, Parker-Hannifin Corp., Magnetic System Technology, Bharat Heavy Electricals Ltd., ABB Limited.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 24.90% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the EV Traction Motor include
- Increasing stringency of emission regulations has pushed OEMs to manufacture and sell electric and hybrid vehicles
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the EV Traction Motor in 2022.
