What Are Challenges Faced By Key Stakeholders In EV Traction Motor Market, Fact.MR Study

250 page market research report by Fact.MR, leading business and competitive intelligence provider, analyzing how EV Traction Motor Market Sales will grow.

The latest research report published by Fact.MR on the Survey of EV Traction Motor Market is intended to offer reliable data on various key factors shaping the growth curve & outlook of EV Traction Motor market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders.

The Demand analysis of EV Traction Motor Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of EV Traction Motor Market across the globe.

EV Traction Motor Market- Key Factors Fuelling Growth

• Worldwide sales of electric vehicles are set to hit new records in the forthcoming years. This growth in sales can be attributed to multiple factors, ranging from evolving customer perceptions to tough emission-control regulations. Rising inclination toward electric vehicles will result in higher deployment of EV traction motors, creating revenue-generating opportunities for the key stakeholders in EV traction motor market.
• Governmental initiatives to incentivize customer purchasing electric vehicles, which, in turn, plays a crucial role in influencing customers and growing sales. With the rising allocation of such incentives and subsidiaries by governments across various regions, EV traction motor market is anticipated to witness exponential growth over the assessment period.
• High efficiency and low power consumption are two among of the key selling points of an EV traction motor. Surging demand for cost-effective components with impeccable efficiency is likely to boost visibility of EV traction motors amid the automotive space.
• Growing inclination toward emission-free vehicles has resulted in a number of hybrid electric vehicles (HEVs) rolled out by automakers worldwide. With EV traction motor being an integral part, rising production of hybrid electric vehicles (HEVs) will create favorable grounds for growth of EV traction motor market.

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A comprehensive estimate of the Demand of EV Traction Motor market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of EV Traction Motor during the forecast period. Price point comparison by region with the global average price is also considered in the Survey study of EV Traction Motor market.

The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into Sales revenue estimations and projections in the Market Insights of EV Traction Motor.

Key stakeholders in EV Traction Motor Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.

The Market survey of EV Traction Motor offers a comprehensive analysis of diverse features, including production capacities analysis &Insights of EV Traction Motor Market, demand of EV Traction Motor market, product developments, revenue generation, and Size of EV Traction Motor Market across the globe.

Key Highlights from the Insights Report of EV Traction Motor Market:

• Elaborated scenario of the parent market
• Transformations in the Demand of EV Traction Motor market dynamics
• Detailed segmentation of the target market.
• Historical, current and forecast of EV Traction Motor market size based on value and volume
• Latest industry developments and Market trends of EV Traction Motor
• competitive analysis of EV Traction Motor Market
• Strategies adopted by the EV Traction Motor market players and product developments made
• Potential and niche segments, along with their regional analysis
• Unbiased analysis on market size of EV Traction Motor
• Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

EV Traction Motor Market- Key Insights

• EV traction motor registered growth at a CAGR of over 5% during 2012- 2016. The market growth is primarily driven by tough & strict emission-control regulations that have been put into place to safeguard environmental sustainability.
• Sales of induction/asynchronous motors (IM) were valued at US$ 3,004.3 Mn in 2018, and will continue to tread on an ever-increasing path over the forecast period. The rugged physical structure coupled with operational safety makes an induction/asynchronous motor (IM) one of the widely employed EV traction motor types.
• North America is likely to retain its position of the largest market with multiple opportunities for the market players from an investment-making standpoint. Owing to multiple governmental initiatives, such as provisions of incentivizing electric car owners, North America continues to be the most-attractive market. In addition, extended support by the U.S. Department of Energy vis-à-vis production of traction motors for power enhancement and cost reduction of electric vehicles is a key aspect upholding the regional market growth.
• APEJ EV traction motor market is estimated to register fastest growth, with governments of China and India actively promoting the use of plug-in electric vehicles.

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Some Notable Offerings by Fact.MR Report on EV Traction Motor market:

• We will provide you an analysis of the extent to which this Outlook of EV Traction Motor market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, Outlook of EV Traction Motor market research report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand of EV Traction Motor market.

EV Traction Motor Market- The Competitive Landscape

• In 2019, Advanced Cooling Technologies, Inc. (ACT)- a company offering thermal management solutions, made an announcement of the acquisition of the precision-cooling business of Parker Hannifin Corporation, a leading player in EV traction motor market.
• In 2017, ABB Limited- a MNC operating in the areas of power, robotics, automation technology, and heavy electrical equipment- acquired KEYMILE Group’s mission-critical communication business unit. This acquisition is aimed at expansion of ABB’s communication network’s portfolio. This will also help in extension of revenue-generating opportunities for ABB.

How Fact.MR Assists in Making Strategic Moves For EV Traction Motor Market Manufacturer?

The data provided in the Survey Report of EV Traction Motor market offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

Some of the EV Traction Motor Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides: 

• Details regarding latest innovations and development in EV Traction Motor and how it is gaining customer traction during the forecast period.
• Analysis about the customer demand of the products and how it is likely to evolve in coming years.
• Latest regulations enforced by government bodies and local agencies and their impact on Demand of EV Traction Motor Market .
• Insights about adoption of new technologies and its influence on the EV Traction Motor market Size.
• Overview of the impact of COVID-19 on EV Traction Motor Market and economic disruptions caused by the pandemic.
• Evaluates post-pandemic impact on the Sales of EV Traction Motor Market during the forecast period.

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EV Traction Motor Market- Research Methodology

The research study on EV traction motor market offers a comprehensive and an all-inclusive analysis of EV traction motor market landscape, which has been diligently compiled using a proven research methodology.

The research methodology used during compilation of EV traction motor market report comprises of two phases- primary research and secondary research, which complete the process of compilation of EV traction motor market.

The research methodology utilized for compilation of EV traction motor market is a ‘one-of-its-kind’ research methodology that ensures reliability and credibility. Insights and data garnered for EV traction motor market report are also subjected to stages of cross-verification to avoid minor discrepancies.

After reading the Market insights of EV Traction Motor Report, readers can:

• Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
• Analyze key regions holding significant share of total EV Traction Motor market revenue.
• Study the growth outlook of EV Traction Motor market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use & supply side analysis of EV Traction Motor market .
• Investigate the recent R&D projects performed by each market player & competitive analysis of EV Traction Motor Market Players.

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