MarketInsightsReport has published a report titled Global EV Traction Motor Market research report 2020 that is a detailed observation of several aspects, including the rate of growth, technological advances, and different methodologies implemented by the primary current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.
Over the next five years, the global EV Traction Motor market will register a 39.6%% CAGR in terms of revenue, and the market size will reach USD 22.85 billion by 2025, from USD 6.01 billion in 2019.
Top Companies in the global EV Traction Motor Market are
BMW, Toyota, Tesla, BYD, Nissan, Broad-Ocean, ZF, Continental AG, Groupe Renault, Jing-Jin Electric Technologies, SIEMENS, Hitachi Automotive Systems, Greatland Electrics, Meidensha, LG, UAES, Dajun Tech, BOSCH, Magna, and Others.
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The traction motor of EVs is responsible for converting electrical energy to mechanical energy in such a way that the vehicle is propelled to overcome aerodynamic drag, rolling resistance drag, and kinetic resistance.
Types of the market are
AC Induction Motor
Permanent Magnet Motor
Applications of the market are
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Regions covered By EV Traction Motor Market Report 2020 To 2025 are
North America (The United States, Canada, and Mexico), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Central & South America (Brazil, and Rest of South America), and Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)
Effect of the EV Traction Motor market report is
– A comprehensive evaluation of all opportunities and risks in the market.
– EV Traction Motor market current developments and significant occasions.
– A deep study of business techniques for the development of the market-driving players.
– Conclusive study about the improvement plot of the market for approaching years.
– Top to the bottom approach of market-express drivers, targets, and major littler scale markets.
– Favorable impressions inside imperative mechanical and publicize the latest examples striking the market.