Product ID: UCMIG20E2004
Electric Vehicle Traction Motor Market Size, Share, Growth Analysis, By Product Type(Synchronous motor, Induction motor), By Application(Electric cars, Electric buses), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG20E2004 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Electric Vehicle Traction Motor Market Insights
Market Overview:
Every day, more people are becoming concerned about the negative consequences that various modes of transportation have on the environment, such as air pollution. Automobile manufacturers have been pressured by growing environmental concerns to create automobiles that adhere to local regulatory norms. Due to a number of factors, the demand for electric and hybrid vehicles has surged. Electric and hybrid car sales have increased as a result of government incentives, zero emissions, battery technological breakthroughs, and improved user experiences. Sales of electric cars including BEVs, HEVs, and PHEVs have surged as a result of the tightening emission regulations. Mechanical links have been replaced with automated systems as a result of the electrification of vehicles. The motor business has been directly impacted by the rise in electric vehicle sales, which portends well for the electric traction motor market.
Electric Vehicle Traction Motor Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Heavy Electrical Equipment by segment aggregation, the contribution of the Heavy Electrical Equipment in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Electric Vehicle Traction Motor Market Report Snapshots
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