The Electric Vehicle Traction Motor Market is projected to reach $ 204.4 billion by 2029, at a CAGR of 37.5% from 2022 to 2029. Based on volume, this market is projected to reach 615.4 million units by 2029, at a CAGR of 32.1% from 2022 to 2029. The growth of the EV traction motors market is attributed to the stringent regulations for emission control by pushing OEMs to manufacture and sell electric and hybrid vehicles, increased demand for high-performance motors, and favorable government policies and subsidies. Furthermore, increasing demand for electric vehicles is expected to create significant opportunities for the players operating in this market.
However, the high price of electric vehicles compared to ICE vehicles and motor failure due to overheating pose challenges for the growth of this market. Additionally, the high costs and scarcity of raw materials restrain the market growth.
Impact of COVID-19 on the Global EV Traction Motor Market
The COVID-19 pandemic that emerged around December 2019 in Wuhan, China, had already spread worldwide by March 2020, resulting in huge casualties and heavy economic losses. It severely impacted several sectors, including the automotive sector, with major manufacturers shutting down their operations completely or operating at reduced capacities following the directives issued by their respective governments. Uncertainty regarding the duration of the lockdown and supply-chain disruptions made it more difficult for industry players to anticipate the industry's recovery. This crisis caused structural shifts that significantly affected the market.
The developing countries witnessed a sharp economic decline due to low consumer demands and increased prices for essential commodities. The adoption of EV traction motors also decreased significantly. However, stringent government regulations in phasing out ICVs till 2030 are expected to support the EV traction motors market growth. In Thailand, the government introduced an EV roadmap amidst the pandemic to produce about 250,000 EVs and establish itself as an Asian EV hub by 2025. Moreover, the government's tax incentives on purchasing EVs are poised to increase the adoption rate in a couple of years, thus enhancing market growth.
In China, amidst the pandemic, the government announced to phase out the conventional combustion engine vehicles by 2035 and planned numerous strategies to achieve its target. For instance, the Guangzhou government announced a subsidy of USD 1,537 for new energy vehicles sold between March and December 2020. Besides, the government is committed to increasing its investment in charging infrastructure. The State Grid Corporation of China planned to build 78,000 charging stations at an average cost of USD 420 million in 2020. These developments are poised to impact the traction motors adoption rate positively.
The global EV traction motors market is segmented by type, power output, propulsion type, application, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
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Increasing Demand for Electric Vehicles
With the ongoing developments in the automotive sector, EVs have witnessed rapid evolution. The rising consumer preference for shared mobility, growing adoption of mobility-as-a-service (MaaS), declining costs of high-capacity batteries, and significant investment by EV manufacturers are fueling electric mobility adoption in emerging regions. Several companies are focusing on developing innovative solutions for electric mobility and charging infrastructure. In 2020, Groupe Renault (U.K.) launched its INCIT-EV project, specifically for electromobility. The company offered innovative wireless charging solutions for EVs across Europe under this 48-month initiative. The project focuses on low-power bidirectional charging and static wireless charging in taxi lanes located at airports and central stations in Zaragoza, Spain.
Supportive government incentives in the form of tax reductions and grants for residential and commercial infrastructure are encouraging the adoption of electric mobility. For instance, in the Netherlands and Greece, the governments offer incentives for purchasing and installing residential charging stations and a deduction of up to 36% and a tax return of up to 75% on costs associated with purchasing and installing charging stations. Furthermore, in 2020, the Finnish government announced an investment of approximately USD 6.57 million budget for expanding charging infrastructure between 2020 and 2021.
Traction motors are the key components used in electric vehicles for converting electrical energy into mechanical energy. Electric traction motors are installed in electric vehicles for initial propulsion and for providing rotational torque to the vehicle. The developments in hybrid vehicle technologies have led to a considerable increase in the demand for traction motors. Electric traction motors, such as permanent magnet synchronous motors, are widely used in electric vehicles due to their compact size and lower weight than induction motors.
The rising awareness about the harmful effects of carbon emissions by vehicles is another major factor supporting the growth of the electric traction motor market. According to the IEA, globally, 82,000 new electric buses were registered in 2020, up 10% from the previous year, for a total stock of 600,000. Although electric buses are rapidly being purchased in Europe, India, and Latin America, China accounts for 98% of electric bus stock. Therefore, the rising demand for electric vehicles is expected to drive the growth of the electric traction motor market in the coming years.
Key Findings in the Global EV Traction Motors Market Study:
Based on Type, the Switched Reluctance Motor (SRM) Segment is Projected to Register the Highest CAGR During the Forecast Period
Based on type, the global EV traction motors market is segmented into DC brushed motor, DC brushless motor, induction motor, permanent magnet synchronous motor (PMSM) and switched reluctance motor (SRM). The switched reluctance motor (SRM) segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the lowest material cost of SRM is increasing adoption among OEMs. To achieve 30kW output power, the material cost of SRM is approximately half of the permanent magnet synchronous motor and less than 80% of that of the induction motor.
Based on Power Output, the 100 kW to 250 kW Segment is Projected to Register the Highest CAGR During the Forecast Period
Based on power output, the global EV traction motors market is segmented into less than 100 kW, 100 kW to 250 kW and more than 250 kW. The 100 kW to 250 kW segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing adoption of electric buses and trucks, mainly for public transportation and freight service applications. Power output between 100kW and 250kW is widely used in EVs, including passenger vehicles and light commercial vehicles such as vans, pick-up trucks, and utility vehicles. The adoption of such EVs is increasing due to the rise in fuel prices and government initiatives for lowering fleet emissions of buses and trucks, contributing to the growth of this segment.
Based on Propulsion Type, the Fuel Cell Electric Vehicles Segment is Projected to Register the Highest CAGR During the Forecast Period
Based on propulsion type, the global EV traction motors market is segmented into battery electric vehicles, hybrid vehicles, and fuel cell electric vehicles. The hybrid vehicles segment is further segmented into plug-in hybrid electric vehicles and pure hybrid electric vehicles. The fuel cell electric vehicles segment is projected to register the highest CAGR during the forecast period. This segment’s growth is driven by the increasing demand for vehicles with low carbon emissions, strict carbon emission norms, growing adoption of EV traction motors in FCEVs due to advantages, such as fast refueling, and the increasing government initiatives and investments for advancing fuel cell technology.
Based on Application, the Light Commercial Vehicles Segment is Projected to Register the Highest CAGR During the Forecast Period
Based on application, the global EV traction motors market is segmented into passenger vehicles, light commercial vehicles, heavy commercial vehicles, two-wheelers, and e-scooters & bikes. The light commercial vehicles segment is projected to register the highest CAGR during the forecast period. The growth of this segment is mainly driven by the growing awareness of EV traction motors in the role of electric vehicles in reducing emissions, an increase in demand for electric vehicles to reduce fleet emissions, and stringent government rules and regulations towards vehicle emissions.
Europe is Slated to Register the Highest CAGR During the Forecast Period
Based on geography, the global EV traction motors market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is slated to register the highest CAGR during the forecast period. The fast growth rate of this regional market is attributed to the stringent emission regulations set by the European Union, the region’s increasing focus on reducing the number of conventional cars on the roads, and the extensive charging infrastructure networks in Europe.
Key Players
The key players profiled in the global EV traction motors market study include Zytek Group Limited (U.K.), ZF Friedrichshafen AG (Germany), YASA Limited (U.K.), Valeo (France), AB SKF (Sweden), Parker-Hannifin Corp (U.S.), Magnetic System Technology (U.K), Bharat Heavy Electricals Ltd. (India), ABB Ltd (Switzerland), CG Power & Industrial Solutions Ltd. (India), Nidec Corporation (Janan), AMETEK Inc. (U.S.), Toshiba International Corporation (Japan), WEG Equipamentos Elétricos S.A. (Brazil) and Hitachi Industrial Products, Ltd. (Japan).
Scope of the Report:
Electric Vehicle Traction Motor Market, by Type
Electric Vehicle Traction Motor Market, by Power Output
Electric Vehicle Traction Motor Market, by Propulsion Type
Electric Vehicle Traction Motor Market, by Application
Electric Vehicle Traction Motor Market, by Geography
Key Questions Answered in the Report:
The global EV traction motors market is segmented based on type, power output, propulsion type, application, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
The global EV traction motors market is projected to reach $ 204.4 billion by 2029, at a CAGR of 37.5% from 2022 to 2029.
Based on type, in 2022, the permanent magnet synchronous motor (PMSM) segment is expected to account for the largest share of the EV traction motors market.
Based on application, in 2022, the passenger vehicles segment is expected to account for the largest share of the global EV traction motors market.
The growth of the EV traction motors market is attributed to the stringent regulations for emission control by pushing OEMs to manufacture and sell electric and hybrid vehicles, increased demand for high-performance motors, and favorable government policies and subsidies. Furthermore, increasing demand for electric vehicles is expected to create significant opportunities for the players operating in this market.
The key players profiled in the global EV traction motors market study include Zytek Group Limited (U.K.), ZF Friedrichshafen AG (Germany), YASA Limited (U.K.), Valeo (France), AB SKF (Sweden), Parker-Hannifin Corp (U.S.), Magnetic System Technology (U.K), Bharat Heavy Electricals Ltd. (India), ABB Ltd (Switzerland), CG Power & Industrial Solutions Ltd. (India), Nidec Corporation (Janan), AMETEK Inc. (U.S.), Toshiba International Corporation (Japan), WEG Equipamentos Elétricos S.A. (Brazil,) and Hitachi Industrial Products, Ltd. (Japan).
Europe is slated to register the highest CAGR. The high growth of this market is attributed to the stringent emission regulations set by the European Union, the region’s increasing focus on reducing the number of conventional cars on the roads, and the extensive charging infrastructure networks in Europe.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-up Approach
2.3.1.2. Top-down Approach
2.3.1.3. Growth Forecast
2.4. Assumptions for the Study
3. Executive Summary
4. Impact of COVID-19 on the Global EV Traction Motor Market
5. Market Insights
5.1. Introduction
5.2. Market Dynamics
5.3. Drivers
5.3.1. Stringent Regulations for Emission Control by Pushing OEMs to Manufacture and Sell Electric and Hybrid Vehicles
5.3.2. Increased Demand for High-Performance Motors
5.3.3. Favorable Government Policies and Subsidies
5.4. Restraints
5.4.1. High Cost and Scarcity of Raw Materials
5.5. Opportunities
5.5.1. Increasing Demand for Electric Vehicles
5.6. Challenges
5.6.1. High Price of Electric Vehicles Compared to ICE Vehicles
5.6.2. Motor Failure Due to Overheating
5.7. Value Chain Analysis
6. Global EV Traction Motor Market, by Type
6.1. Introduction
6.2. Permanent Magnet Synchronous Motor (PMSM)
6.3. DC Brushed Motor
6.4. DC Brushless Motor
6.4.1. Out-runner Type BLDC Motor
6.4.2. In-runner Type BLDC Motor
6.5. Induction Motor
6.6. Switched Reluctance Motor (SRM)
7. Global EV Traction Motor Market, by Power Output
7.1. Introduction
7.2. Less than 100kW
7.3. 100kW to 250kW
7.4. More than 250kW
8. Global EV Traction Motor Market, by Propulsion Type
8.1. Introduction
8.2. Hybrid Electric Vehicles
8.2.1. Pure Hybrid Electric Vehicles
8.2.2. Plug-in Hybrid Electric Vehicles
8.3. Battery Electric Vehicles
8.4. Fuel Cell Electric Vehicles
9. Global EV Traction Motors Market, by Application
9.1. Introduction
9.2. Passenger Vehicles
9.3. E-scooters & Bikes
9.4. Heavy Commercial Vehicles
9.5. Light Commercial Vehicles
9.6. Two-wheelers
10. Global EV Traction Motor Market, by Geography
10.1. Introduction
10.2. Asia-Pacific
10.2.1. China
10.2.2. India
10.2.3. Japan
10.2.4. South Korea
10.2.5. Singapore
10.2.6. Thailand
10.2.7. Rest of Asia-Pacific
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Norway
10.3.6. Sweden
10.3.7. Netherlands
10.3.8. Spain
10.3.9. Switzerland
10.3.10. Denmark
10.3.11. Rest of Europe
10.4. North America
10.4.1. U.S.
10.4.2. Canada
10.5. Latin America
10.6. Middle East & Africa (MEA)
11. Competitive Landscape
11.1. Introduction
11.2. Key Growth Strategies
11.3. Competitive Benchmarking
11.4. Key Players in the Global EV Traction Motors Market
12. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
12.1. Zytek Group Limited
12.2. ZF Friedrichshafen AG
12.3. YASA Limited
12.4. Valeo
12.5. AB SKF
12.6. Parker-Hannifin Corp.
12.7. Magnetic System Technology
12.8. Bharat Heavy Electricals Ltd.
12.9. ABB Ltd
12.10. CG Power & Industrial Solutions Ltd.
12.11. Nidec Corporation
12.12. AMETEK Inc.
12.13. Toshiba International Corporation
12.14. WEG Equipamentos Elétricos S.A.
12.15. Hitachi Industrial Products, Ltd.
13. Appendix
13.1. Questionnaire
13.2. Available Customization
List of Tables
Table 1 Market Size and CAGR (USD Million)
Table 2 Global EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 3 Global EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 4 Global DC Brushed Motors Market Size, by Country/Region, 2020–2029 (USD Million)
Table 5 Global DC Brushed Motors Market Volume, by Country/Region, 2020–2029 (Thousand Units)
Table 6 Global DC Brushless Motors Market Size, by Type, 2020–2029 (USD Million)
Table 7 Global Out-runner Type BLDC Motors Market Size, by Country/Region, 2020–2029 (USD Million)
Table 8 Global In-runner type BLDC Motors Market Size, by Country/Region, 2020–2029 (USD Million)
Table 9 Global Induction Motors Market Size, by Country/Region, 2020–2029 (USD Million)
Table 10 Global Induction Motor Market Volume, by Country/Region, 2020–2029 (Thousand Units)
Table 11 Global Permanent Magnet Synchronous Motor Market Size, by Country/Region, 2020–2029 (USD Million)
Table 12 Global Permanent Magnet Synchronous Motor Market Volume, by Country/Region, 2020–2029 (Thousand Units)
Table 13 Global Switched Reluctance Motors Market Size, by Country/Region, 2020–2029 (USD Million)
Table 14 Global Switched Reluctance Motors Market Volume, by Country/Region, 2020–2029 (Thousand Units)
Table 15 Global EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 16 Global EV Traction Motors Market Size for Less than 100 kW, by Country/Region, 2020–2029 (USD Million)
Table 17 Global EV Traction Motors Market Size for 100 kW to 250 kW, by Country/Region, 2020–2029 (USD Million)
Table 18 Global EV Traction Motors Market Size for More than 250 kW, by Country/Region, 2020–2029 (USD Million)
Table 19 Global EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 20 Global EV Traction Motors Market Size for Hybrid Vehicles, by Country/Region, 2020–2029 (USD Million)
Table 21 Global EV Traction Motor Market for Hybrid Vehicles Size, by Type, 2020–2029 (USD Million)
Table 22 Global EV Traction Motors Market for Pure Hybrid Vehicles Size, by Country/Region, 2020–2029 (USD Million)
Table 23 Global EV Traction Motor Market for Plug-in Hybrid Vehicles Size, by Country/Region, 2020–2029 (USD Million)
Table 24 Global EV Traction Motors Market Size for Battery Electric Vehicles, by Country/Region, 2020–2029 (USD Million)
Table 25 Global EV Traction Motors Market Size for Fuel Cell Electric Vehicles, by Country/Region, 2020–2029 (USD Million)
Table 26 Global EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 27 Global EV Traction Motors Market Size for Passenger Vehicles, by Country/Region, 2020–2029 (USD Million)
Table 28 Global EV Traction Motors Market Size for Heavy Commercial Vehicles, by Country/Region, 2020–2029 (USD Million)
Table 29 Global EV Traction Motors Market Size for Two-wheelers, by Country/Region, 2020–2029 (USD Million)
Table 30 Global EV Traction Motors Market Size for E-scooters & Bikes, by Country/Region, 2020–2029 (USD Million)
Table 31 Global EV Traction Motors Market Size for Light Commercial Vehicles, by Country/Region, 2020–2029 (USD Million)
Table 32 Global EV Traction Motor Market Size, by Region, 2020–2029 (USD Million)
Table 33 Global Electric Vehicle Traction Motor Market Volume, by Region, 2020–2029 (Thousand Units)
Table 34 Asia-Pacific: EV Traction Motors Market Size, by Country, 2020–2029 (USD Million)
Table 35 Asia-Pacific: EV Traction Motors Market Volume, by Country, 2020–2029 (Thousand Units)
Table 36 Asia-Pacific: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 37 Asia-Pacific: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 38 Asia-Pacific: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 39 Asia-Pacific: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 40 Asia-Pacific: Electric Vehicle Traction Motor Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 41 Asia-Pacific: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 42 Asia-Pacific: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 43 Global EV Traction Motors Market Size, by Region, 2020–2029 (USD Million)
Table 44 Global EV Traction Motors Market Volume, by Region, 2020–2029 (Thousand Units)
Table 45 Asia-Pacific: EV Traction Motors Market Size, by Country, 2020–2029 (USD Million)
Table 46 Asia-Pacific: EV Traction Motors Market Volume, by Country, 2020–2029 (Thousand Units)
Table 47 Asia-Pacific: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 48 Asia-Pacific: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 49 Asia-Pacific: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 50 Asia-Pacific: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 51 Asia-Pacific: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 52 Asia-Pacific: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 53 Asia-Pacific: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 54 China: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 55 China: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 56 China: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 57 China: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 58 China: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 59 China: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 60 China: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 61 Japan: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 62 Japan: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 63 Japan: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 64 Japan: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 65 Japan: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 66 Japan: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 67 Japan: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 68 South Korea: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 69 South Korea: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 70 South Korea: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 71 South Korea: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 72 South Korea: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 73 South Korea: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 74 South Korea: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 75 Thailand: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 76 Thailand: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 77 Thailand: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 78 Thailand: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 79 Thailand: EV Traction Motor Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 80 Thailand: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 81 Thailand: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 82 Singapore: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 83 Singapore: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 84 Singapore: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 85 Singapore: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 86 Singapore: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 87 Singapore: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 88 Singapore: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 89 India: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 90 India: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 91 India: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 92 India: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 93 India: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 94 India: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 95 India: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 96 RoAPAC: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 97 RoAPAC: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 98 RoAPAC: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 99 RoAPAC: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 100 RoAPAC: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 101 RoAPAC: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 102 RoAPAC: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 103 Europe: EV Traction Motors Market Size, by Country, 2020–2029 (USD Million)
Table 104 Europe: EV Traction Motors Market Volume, by Country, 2020–2029 (Thousand Units)
Table 105 Europe: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 106 Europe: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 107 Europe: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 108 Europe: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 109 Europe: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 110 Europe: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 111 Europe: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 112 Germany: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 113 Germany: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 114 Germany: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 115 Germany: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 116 Germany: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 117 Germany: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 118 Germany: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 119 France: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 120 France: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 121 France: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 122 France: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 123 France: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 124 France: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 125 France: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 126 U.K.: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 127 U.K.: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 128 U.K.: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 129 U.K.: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 130 U.K.: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 131 U.K.: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 132 U.K.: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 133 Norway: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 134 Norway: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 135 Norway: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 136 Norway: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 137 Norway: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 138 Norway: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 139 Norway: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 140 Sweden: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 141 Sweden: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 142 Sweden: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 143 Sweden: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 144 Sweden: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 145 Sweden: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 146 Sweden: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 147 Netherlands: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 148 Netherlands: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 149 Netherlands: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 150 Netherlands: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 151 Netherlands: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 152 Netherlands: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 153 Netherlands: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 154 Italy: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 155 Italy: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 156 Italy: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 157 Italy: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 158 Italy: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 159 Italy: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 160 Italy: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 161 Spain: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 162 Spain: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 163 Spain: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 164 Spain: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 165 Spain: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 166 Spain: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 167 Spain: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 168 Switzerland: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 169 Switzerland: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 170 Switzerland: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 171 Switzerland: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 172 Switzerland: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 173 Switzerland: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 174 Switzerland: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 175 Denmark: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 176 Denmark: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 177 Denmark: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 178 Denmark: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 179 Denmark: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 180 Denmark: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 181 Denmark: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 182 RoE: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 183 RoE: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 184 RoE: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 185 RoE: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 186 RoE: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 187 RoE: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 188 RoE: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 189 North America: EV Traction Motors Market Size, by Country, 2020–2029 (USD Million)
Table 190 North America: EV Traction Motors Market Volume, by Country, 2020–2029 (Thousand Units)
Table 191 North America: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 192 North America: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 193 North America: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 194 North America: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 195 North America: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 196 North America: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 197 North America: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 198 U.S.: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 199 U.S.: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 200 U.S.: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 201 U.S.: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 202 U.S.: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 203 U.S.: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 204 U.S.: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 205 Canada: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 206 Canada: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 207 Canada: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 208 Canada: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 209 Canada: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 210 Canada: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 211 Canada: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 212 Latin America: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 213 Latin America: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 214 Latin America: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 215 Latin America: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 216 Latin America: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 217 Latin America: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 218 Latin America: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 219 Middle East & Africa: EV Traction Motors Market Size, by Type, 2020–2029 (USD Million)
Table 220 Middle East & Africa: EV Traction Motors Market Volume, by Type, 2020–2029 (Thousand Units)
Table 221 Middle East & Africa: DC Brushless Motor Market Size, by Type, 2020–2029 (USD Million)
Table 222 Middle East & Africa: EV Traction Motors Market Size, by Power Output, 2020–2029 (USD Million)
Table 223 Middle East & Africa: EV Traction Motors Market Size, by Propulsion Type, 2020–2029 (USD Million)
Table 224 Middle East & Africa: Hybrid Vehicle Motors Market Size, by Type, 2020–2029 (USD Million)
Table 225 Middle East & Africa: EV Traction Motors Market Size, by Application, 2020–2029 (USD Million)
Table 226 Global EV Traction Motors Market: Recent Developments, by Company, 2019–2022
List of Figures
Figure 1 Currency and Limitations
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Market Size Estimation
Figure 7 Key Insights
Figure 8 EV Traction Motors Market, by Type, 2022 vs. 2029, (USD Million)
Figure 9 EV Traction Motors Market, by Type, 2022 vs. 2029, (Thousand Units)
Figure 10 EV Traction Motors Market, by Power Output, 2022 vs. 2029, (USD Million)
Figure 11 EV Traction Motors Market, by Propulsion Type, 2022 vs. 2029, (USD Million)
Figure 12 EV Traction Motors Market, by Application, 2022 vs. 2029, (USD Million)
Figure 13 Geographic Snapshot: EV Traction Motors Market, (Value Share & CAGR)
Figure 14 Geographic Snapshot: EV Traction Motors Market, (Volume Share & CAGR)
Figure 15 The Impact of COVID-19 on The EV Traction Motors Market
Figure 16 EV Traction Motors Value Chain
Figure 17 EV Traction Motors Market Size, by Type, 2022–2029 (USD Million)
Figure 18 EV Traction Motors Market Volume, by Type, 2022–2029 (Thousand Units)
Figure 19 EV Traction Motors Market Size, by Power Output, 2022–2029 (USD Million)
Figure 20 EV Traction Motors Market Size, by Propulsion Type, 2022–2029 (USD Million)
Figure 21 EV Traction Motors Market Size, by Application, 2022–2029 (USD Million)
Figure 22 EV Traction Motors Market Size, by Geography, 2022–2029 (USD Million)
Figure 23 EV Traction Motors Market Volume, by Geography, 2022–2029 (Thousand Units)
Figure 24 Key Growth Strategies Adopted by Leading Players, 2019–2022
Figure 25 Market Share Analysis: EV Traction Motors Market, 2021
Figure 26 Valeo: Financial Overview (2021)
Figure 27 AB SKF: Financial Overview (2021)
Figure 28 Parker-Hannifin Corp: Financial Overview (2021)
Figure 29 Bharat Heavy Electricals Ltd.: Financial Overview (2021)
Figure 30 ABB Ltd: Financial Overview (2021)
Figure 31 CG Power & Industrial Solutions Ltd.: Financial Overview (2021)
Figure 32 Nidec Corporation: Financial Overview (2021)
Figure 33 AMETEK Inc.: Financial Overview (2021)
Figure 34 Toshiba International Corporation: Financial Overview (2021)
Figure 35 WEG Equipamentos Elétricos S.A.: Financial Overview (2021)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Jul-2022
Published Date: Mar-2022
Published Date: Nov-2021
