Global EV Traction Motor Market Report 2017 to 2022: Analysis, Size, Share, Growth, Demand, Trends and Forecast 2017 – 2026

Dublin 2, Ireland, 2018-Apr-05 — /EPR Network/ — The global market discussion on “EV Traction Motor” can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “EV Traction Motor Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on global EV traction motor market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

Request For Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=336

Key Insights on Global EV Traction Motor Market

1- North America is expected to remain dominant in the global EV traction market during the forecast period 2017-2026. Owing to the initiatives by the government such as providing incentives and subsidies on purchasing an electric vehicle is one of the factors driving the market growth in North America. Moreover, the U.S. Department of Energy is also encouraging and guiding manufacturers to produce traction motors to enhance the power, and reduce the cost of electric vehicles.

2- Europe and Asia Pacific Excluding Japan (APEJ) are also expected to witness impressive growth. Netherlands is one of the major countries producing and using electric vehicles. Moreover, countries such as Germany, U.K., and France are also moving towards using electric vehicles. Government and local bodies in India and China are also making efforts to boost the use of electric vehicles.

3- Induction/Asynchronous Motors (IM) is expected to be the highly preferred motor in the global EV traction motor market. By the end of 2026, Induction/Asynchronous Motors (IM) is projected to reach nearly US$ 8,200 million revenue.

4- High voltage EV traction motor is expected to account for maximum revenue share. High voltage EV traction motor is also estimated to bring in nearly US$ 9,500 million revenue towards 2026 end.

5- Mild hybrid vehicles are likely to gain maximum traction in the global EV traction motor market. Mild hybrid vehicles are projected to create an incremental opportunity exceeding US$ 3,700 million between 2017 and 2026.

Browse Full Report With TOC- https://www.factmr.com/report/336/ev-traction-motor-market

High Demand for Efficient Motors to Fuel Market Growth

The traction motor help in reducing the cooling time when the vehicles are operating at a comparatively high temperature, which increases the efficiency of the motors. Manufacturing companies are increasingly focusing on developing traction motors that are equipped with features such as reliability, enhanced power density and efficiency. Adoption of the EV traction motors further reduces the maintenance cost of the vehicles. Bound to these factors, the global EV traction motor is expected to witness significant growth during the forecast period.

North America to Represent a Dominant Region

Increasing number of initiatives taken by the governing authorities such as offering subsidies and incentives on purchasing the electric vehicles will fuel growth of the EV traction motor market in North America. On the basis of region, North America is expected to remain a leading region in the global EV traction motor market throughout the forecast period. In addition, the Department of energy in the U.S. is also witnessed to guide and encourage the manufacturing companies to produce the EV traction motors attributed to low cost of the electric vehicles and enhanced power.

The EV traction motor market in APEJ (Asia Pacific Excluding Japan) and Europe will also witness robust growth globally. Netherlands among other countries in Europe continues to represent a major producer and user of the electric vehicles. In addition, countries such as France, U.K. and Germany are also witnessed to increasingly adopt electric vehicles in Europe. Further, the local and government bodies in China and India are also taking initiatives to fuel adoption of the electric vehicles in the countries.

The induction/asynchronous motor will continue to witness high preference in the global market of EV traction motor. On the basis of motor type, the induction/asynchronous segment is expected to account for a value of nearly US$ 8,200 Mn during the forecast period.

Based on voltage rating, the high voltage EV traction motor is projected to generate significant revenues, recording a value of more than US$ 9,500 Mn by 2026-end. By vehicle type, the mild hybrid vehicles is projected to gain significant traction in the global market of EV traction motor. The mild hybrid vehicle type segment is expected to create an incremental opportunity surpassing a value of US$ 3,700 Mn during the forecast period.

Competition Tracking

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

Continued@@@..

Check For Discount On This Report- https://www.factmr.com/connectus/sample?flag=D&rep_id=336

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/
Web: https://www.factmr.com/