South America Financial News

World Electrical Automobile (EV) Traction Motor Market Dimension

WASHINGTON, July 20, 2022 (GLOBE NEWSWIRE) — Vantage Market Analysis’s current evaluation of the World EV Traction Motor Market finds that the rising adoption and gross sales of electrical automobiles are expediting market progress. As well as, rising authorities initiatives and a rise in demand for high-performance motors are anticipated to enhance the event of the World EV Traction Motor Market through the forecast interval. The World EV Traction Motor Market income is predicted to succeed in a worth USD 23486.5 Million within the 12 months 2028.

The World Market income was valued at USD 6,127.4 Million in 2021 and is predicted to develop to exhibit a Compound Annual Development Charge (CAGR) of 25.1% through the forecast interval; states Vantage Market Analysis, in a report, titled “EV Traction Motor Market Dimension, Share & Tendencies Evaluation Report by Motor Kind (Everlasting Magnet Synchronous EV Traction Motors (PSM), Asynchronous EV Traction Motors (ASM), by Voltage Rankings (Excessive Voltage EV Traction Motors, Low Voltage EV Traction Motors), by Automobile Kind (Traction Motors for Electrical Autos, Traction Motors Plug-in Hybrid Electrical Autos, Traction Motors Delicate Hybrid Autos, Traction Motors Full Hybrid Autos), by Area (North America, Europe, Asia Pacific, Latin America, Center East & Africa) – World Trade Evaluation (2016 – 2021) & Forecast (2022 – 2028)”.

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Key Insights & Findings from the Report:

  • In accordance with our main respondents’ analysis, the EV Traction Motor market is predicted to develop at a CAGR of roughly 25.1% through the forecast interval.
  • The EV Traction Motor market was estimated to be price roughly USD 6,127.4 Million in 2021 and is predicted to succeed in USD 23486.5 Million by 2028; primarily based on main analysis.   
  • On the premise of area, Asia Pacific is projected to dominate the worldwide EV Traction Motor market.   

Market Dynamics:

Drivers:

Growing Adoption of Electrical Autos to Drive the Market Development

The rising adoption and gross sales of electrical automobiles are anticipated to enhance the expansion of the EV Traction Motor Market through the forecast interval. That is attributable to the rising carbon emissions and international warming. In accordance with Worldwide Vitality Company (IEA) estimates, electrical car (EV) gross sales doubled from the earlier 12 months in 2021, reaching a brand new excessive of 6.6 million. In 2021, almost 10% of worldwide automotive gross sales will probably be electrical, nearly 4 occasions the market share in 2019. This elevated the whole variety of electrical automobiles on the world’s roads to roughly 16.5 million, greater than tripling the quantity in 2018. World electrical automotive gross sales have continued to rise strongly in 2022, with 2 million bought within the first quarter, up by 75% from the identical interval in 2021. This exhibits the rising adoption and gross sales of electrical automobiles all over the world. Additional, the traction motor is required to have a superb torque attribute which influences the car’s efficiency, be environment friendly to make the automotive run lengthy, be compact, quiet, and lightweight, together with superior reliability whereas the demand for the motors’ high quality can be rising quickly. Thus, as electrical car (EVs) use grows, the necessity for traction motors will increase.

Growing Authorities Initiatives to Stimulate Market Development

The elevated authorities initiatives and environmental adjustments have elevated the demand for EV Traction Motor Markets. As the priority about car emissions is on the rise, governments worldwide are implementing varied applications to cut back them. The imposition of stringent emission regulation requirements and financial assist within the type of budgetary allocations and stimuli measures are the impetus to distinguished producers. As an example, Canada pushed the federal authorities’s goal for 100% zero-emission Leyland DAF Vans (LDV) gross sales from 2040 to 2035 final 12 months. Moreover, authorities spending by buy subsidies and tax breaks doubled to just about USD 30 billion. The ensuing authorities share of whole spending on electrical automobiles remained at 10%, down from round 20% 5 years in the past. The Chinese language authorities has decreased the variety of typical car licenses accessible to extend EV demand. Additionally, a number of regional EV Traction Motor Market producers have established themselves within the Chinese language market. BYD Auto Co. Ltd. has the most important market share amongst them. In October 2021, the corporate introduced a capital elevate of as much as $1.8 billion, which is predicted to enhance prospects for EV Traction Motor Market manufacturing.

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Segmentation of the World EV Traction Motor Market:

  • Motor Kind
    • Everlasting Magnet Synchronous EV Traction Motors (PSM)
    • Asynchronous EV Traction Motors (ASM)
  • Voltage Rankings
    • Excessive Voltage EV Traction Motors
    • Low Voltage EV Traction Motors
  • Automobile Kind
    • Traction Motors for Electrical Autos
    • Traction Motors Plug-in Hybrid Electrical Autos
    • Traction Motors Delicate Hybrid Autos
    • Traction Motors Full Hybrid Autos
  • Area
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Center East & Africa

Learn Full Analysis Report @ https://www.vantagemarketresearch.com/industry-report/ev-traction-motor-market-1708

COVID-19 Impression Evaluation:

The COVID-19 outbreak has affected varied industries worldwide. Governments worldwide carried out strict lockdown measures and social distancing norms to limit the swift unfold of the pandemic. Manufacturing amenities worldwide had been shut down through the preliminary levels of the pandemic. Furthermore, the financial disaster after the pandemic would possibly result in a major delay within the business roll-out of the automotive {industry}. Small and medium-scale corporations are the spine of know-how suppliers and are witnessing a steep drop in income because the emergence of the pandemic in 2020. Therefore, market gamers confronted quite a few challenges as disruptions within the provide chain had been noticed. Nonetheless, issues will enhance within the second half of 2022 as extra provides will come on-line. The influence of COVID-19 available on the market demand is taken into account whereas estimating the present and forecast market measurement and progress developments of the marketplace for all of the areas and nations primarily based on the next knowledge factors:

  1. Impression Evaluation of COVID-19 Pandemic
    1. North America
    2. Europe
    3. Asia Pacific
    4. Latin America
    5. Center East & Africa
  2. Quarterly Market Income Forecast by Asia Pacific 2020 & 2021
  3. Key Methods Undertaken by Firms to Sort out COVID-19
  4. Lengthy Time period Dynamics
  5. Quick Time period Dynamics

The Report on EV Traction Motor Market Highlights:

  • Evaluation of the market
  • Premium Insights
  • Aggressive Panorama
  • COVID Impression Evaluation
  • Historic Knowledge, Estimates, and Forecast
  • Firm Profiles
  • World and Regional Dynamics

Browse market knowledge Tables and Figures unfold by 147 Pages and in-depth TOC on “EV Traction Motor Market Dimension, Share & Tendencies Evaluation Report by Motor Kind (Everlasting Magnet Synchronous EV Traction Motors (PSM), Asynchronous EV Traction Motors (ASM)), by Voltage Rankings (Excessive Voltage EV Traction Motors, Low Voltage EV Traction Motors), by Automobile Kind (Traction Motors for Electrical Autos, Traction Motors Plug-in Hybrid Electrical Autos, Traction Motors Delicate Hybrid Autos, Traction Motors Full Hybrid Autos), by Area (North America, Europe, Asia Pacific, Latin America, Center East & Africa) – World Trade Evaluation (2016 – 2021) & Forecast (2022 – 2028)“.

Regional Evaluation:

Asia Pacific Dominated the World EV Traction Motor Market

Asia Pacific dominated the World EV Traction Motor Market in 2021 and is more likely to proceed the identical development through the forecast interval. That is attributable to the rise in investments in electrical automobiles and the rising metro rail community within the area. Moreover, the rising want to cut back carbon emissions can be more likely to assist the regional progress of the market. Moreover, the rising authorities insurance policies and subsidies are anticipated to contribute to the market’s progress on this area.

Checklist of Outstanding Gamers in EV Traction Motor Market:

  • Zytek Group Restricted
  • ZF TRW Automotive Holdings Company
  • YASA Motors Ltd.
  • Valeo SA
  • SKF AB
  • Parker-Hannifin Corp.
  • Magnetic System Know-how
  • Bharat Heavy Electricals Ltd.
  • ABB Restricted

Current Developments:

Might 2022: ABB introduced buying a controlling stake in Numocity, a number one digital platform for electrical car charging in India. ABB will improve its shareholding to a controlling majority of 72% and has the appropriate to turn into sole proprietor by 2026.

February 2020: Nidec introduced the launch of two new traction motor methods. These are 200 kW Ni200Ex and 50 kW Ni50Ex primarily based on the corporate’s unique 150 kW E-Axle.

Key questions answered within the report:

  • Which regional market will present the very best and fast progress?
  • That are the highest 5 gamers of the EV Traction Motor Market?
  • How will the EV Traction Motor Market change within the upcoming six years?
  • Which utility and product will take a lion’s share of the EV Traction Motor Market?
  • What’s the EV Traction Motor market drivers and restrictions?
  • What would be the CAGR and measurement of the EV Traction Motor Market all through the forecast interval?     

This market titled, “EV Traction Motor Market” will cowl full info by way of Regional Evaluation, Forecast, and Quantitative Knowledge – Models, Key Market Tendencies, and varied others as talked about under:

Parameter Particulars
Market Dimension Supplied for Years 2016-2028
Base Yr 2021
Historic Years 2016-2020
Forecast Years 2022-2028
Segments Lined • Motor Kind

      • Everlasting Magnet Synchronous EV Traction Motors (PSM)

      • Asynchronous EV Traction Motors (ASM)

• Voltage Rankings

      • Excessive Voltage EV Traction Motors

      • Low Voltage EV Traction Motors

• Automobile Kind

      • Traction Motors for Electrical Autos

      • Traction Motors Plug-in Hybrid Electrical Autos

      • Traction Motors Delicate Hybrid Autos

      • Traction Motors Full Hybrid Autos

• Area

      • North America

      • Europe

      • Asia Pacific

      • Latin America

      • Center East & Africa

Area & Counties Lined • North America

      • U.S.

      • Canada

      • Mexico

• Europe

      • U.Ok.

      • France

      • Germany

      • Italy

      • Spain

      • Relaxation Of Europe

• Asia Pacific

      • China

      • Japan

      • India

      • South Korea

      • South East Asia

      • Relaxation Of Asia Pacific

• Latin America

      • Brazil

      • Argentina

      • Relaxation Of Latin America

• Center East & Africa

      • GCC Nations

      • South Africa

      • Relaxation Of Center East & Africa

Firms Lined • Zytek Group Restricted

• ZF TRW Automotive Holdings Company

• YASA Motors Ltd.

• Valeo SA

• SKF AB

• Parker-Hannifin Corp.

• Magnetic System Know-how

• Bharat Heavy Electricals Ltd.

• ABB Restricted

Report Protection Market progress drivers, restraints, alternatives, Porter’s 5 forces evaluation, PEST evaluation, worth chain evaluation, regulatory panorama, know-how panorama, patent evaluation, market attractiveness evaluation by segments and North America, firm market share evaluation, and COVID-19 influence evaluation


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