The global automotive traction motor market is expected to grow at a CAGR of 33%, from USD 4.1 billion in 2021 to USD 17.3 billion in 2027, and the growing population in the region has significantly increased the demand for transportation connections. The strong emphasis on reducing carbon emissions and all-out efforts by governments of several countries in the region has put tremendous focus on electric vehicle manufacturing in the region.
A full report of Automotive Traction Motor Market available at: https://www.orionmarketreports.com/automotive-traction-motor-market/58210/
Automotive Traction Motor Market- Segmentation
Based on the Vehicle Type:
• Passenger cars
• Commercial vehicles
Based on the EV Type:
• BEV
• HEV
• PHEV
Based on the Type:
• AC
• DC
Based on the Motor Type:
• PMSM
• DC Brushless
• AC induction
Based on the Power Output:
• Less than 200 kW
• 200-400 kW
• Above 400 kW
Key Companies
The global automotive traction motor market is dominated by major players BorgWarner Inc. (US), Schaeffler Group (Germany), Nidec Corporation (Japan), Robert Bosch GmbH (Germany), and ZF Friedrichshafen AG (Germany).The key strategies adopted by these companies to sustain their market position are new product developments,merges & acquistions, supply contracts, partnerships, expanisons, collaborations, acquisitions, and contracts & agreements.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
