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Electric Vehicle Traction Motor Market To Show Incredible Development With Revenue of $19.8 Billion By 2025 on Account of Surging Need For Energy-Efficient Motors | Million Insights

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Electric Vehicle Traction Motor Market To Show Incredible Development With Revenue of $19.8 Billion By 2025 on Account of Surging Need For Energy-Efficient Motors | Million Insights

June 15
08:04 2021
Electric Vehicle Traction Motor Market To Show Incredible Development With Revenue of $19.8 Billion By 2025 on Account of Surging Need For Energy-Efficient Motors | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global electric vehicle (EV) traction motor industry research report offers thorough insights on vehicle type, COVID-19 impact, competitive landscape and revenue drivers. It also offers ready, data-driven answers to several industry-level questions.

The global electric vehicle traction motor market size is anticipated to value USD 19.8 billion until 2025. It is also expected to register a CAGR of 41.6% over the forecasted years, 2019 to 2025. The rising demand for EVs across the globe coupled with the huge investments in R&D activities for enhancing efficiency and operational performance of electric vehicles is expected to trigger the market growth of traction motors.

These traction motors form an integral part of all-electric vehicles. Further, the imposition of regulatory norms by governments of various countries is projected to upsurge the demand for EVs. Also, subsidies provided for purchasing EVs along with higher fuel efficiency as compared to conventional vehicles is anticipated to boost the demand for traction motors. 

To download the sample PDF of “Electric Vehicle (EV) Traction Motor Market” Report please click here: https://www.millioninsights.com/industry-reports/global-electric-vehicle-ev-traction-motor-market/request-sample 

 

The BEV vehicle type segment held a dominant share across the global market in 2018 due to their rising demand owing to the usage of electric motors and motor controllers. On the other hand, the PHEV segment is projected to witness substantial share across the global market in 2018 owing to the lower risk of vehicle shut down while commuting. 

In 2018, Asia Pacific dominated the global market owing to the rising presence of several manufacturing facilities across countries like China and India. While North America is also expected to register substantial share in the global market due to the increasing presence of electric vehicle manufacturers across countries like the U.S. and Canada. 

The EV traction motor market includes key players such as SKF AB, Parker-Hannifin Corp., ABB Limited, Robert Bosch GMBH, and YASA Motors Ltd. These players are continuously engaged in developing traction motors with higher operational efficiency and low power consumption.   

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-electric-vehicle-ev-traction-motor-market 

 

Electric Vehicle Traction Motor Market Report Highlights:

• The PHEV segment is anticipated to register significant growth over the forecasted period, 2019 to 2025.

• The BEV vehicle type segment held largest share across the global market in 2018.

• In 2018, Asia Pacific dominated the global market.

• The key players in this market are SKF AB, Parker-Hannifin Corp., ABB Limited, Robert Bosch GMBH and YASA Motors Ltd.

Million Insights has segmented the global electric vehicle (EV) traction motor market on the basis of vehicle type and region:

Electric Vehicle Traction Motor Vehicle Type Outlook (Revenue, USD Million, 2014 – 2025)
    • BEV
    • PHEV

Electric Vehicle Traction Motor Regional Outlook (Revenue, USD Million, 2014 – 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
        • Norway
        • Netherlands
        • Sweden
    • Asia Pacific
        • China
        • India
        • Japan
        • Korea
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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Website: https://www.millioninsights.com/industry-reports/global-electric-vehicle-ev-traction-motor-market


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