Rapid Adoption of Electric Vehicles Surging The Demand for EV Traction Motors | Fact.MR

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The latest research report published by Fact.MR on the Survey of EV Traction Motor Market is intended to offer reliable data on various key factors shaping the growth curve & outlook of EV Traction Motor market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders.

Sales of EV traction motors to be valued at US$ 6.4 Bn by 2021-end, riding on the back of a highly promising future for EVs and hybrid vehicles. By 2031, revenues are expected to reach US$ 60 Bn, with the industry scheduled to register a whopping 9x across the 2021-2031 assessment period.

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What are the Challenges Faced by Key Stakeholders in EV Traction Motor Market?

  • Use of rare-earth metals and magnets in the designing process results in higher production costs, which in turn creates significant challenges for the EV traction motor industry. Ensuring unmatched efficiency during the process of energy conversion continues to be one of the biggest challenges in the designing framework of EV traction motors, which results in unnecessary complexity of the motor designs.
  • Lack of well-established charging infrastructure and higher costs are creating considerable hindrances in the wide-scale adoption of electric vehicles (EVs). In addition, complexities in the designing and manufacturing paradigms for EVs are likely to place a lot on the shoulders of automakers, thereby creating challenges for them. Such factors are likely to hamper the growth of EV traction motor market.

EV Traction Motor Market- The Competitive Landscape

  • In 2019, Advanced Cooling Technologies, Inc. (ACT)- a company offering thermal management solutions, made an announcement of the acquisition of the precision-cooling business of Parker Hannifin Corporation, a leading player in EV traction motor market.
  • In 2017, ABB Limited- a MNC operating in the areas of power, robotics, automation technology, and heavy electrical equipment- acquired KEYMILE Group’s mission-critical communication business unit. This acquisition is aimed at expansion of ABB’s communication network’s portfolio. This will also help in extension of revenue-generating opportunities for ABB.

A comprehensive estimate of the EV Traction Motor market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of EV Traction Motor during the forecast period. Price point comparison by region with the global average price is also considered in the study.

The Market survey of EV Traction Motor offers a comprehensive analysis of diverse features, including production capacities analysis of EV Traction Motor, demand, product developments, revenue generation, and Size of EV Traction Motor Market across the globe.

Some Notable Offerings by Fact.MR Report on EV Traction Motor market:

  • We will provide you an analysis of the extent to which this EV Traction Motor market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
  • We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
  • Also, this report will help you to identify any trends to forecast growth rates.
  • The analyzed report will forecast the general tendency for supply and demand.

Some of the EV Traction Motor Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides: 

  • Details regarding latest innovations and development in EV Traction Motor and how it is gaining customer traction during the forecast period.
  • Analysis about the customer demand of the products and how it is likely to evolve in coming years.
  • Latest regulations enforced by government bodies and local agencies and their impact on Demand of EV Traction Motor Market .
  • Insights about adoption of new technologies and its influence on the EV Traction Motor market Size.
  • Overview of the impact of COVID-19 on EV Traction Motor Market and economic disruptions caused by the pandemic.
  • Evaluates post-pandemic impact on the Sales of EV Traction Motor Market during the forecast period.

After reading the Market insights of EV Traction Motor Report, readers can:

  • Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
  • Analyze key regions holding significant share of total EV Traction Motor market revenue.
  • Study the growth outlook of EV Traction Motor market scenario, including production, consumption, history and forecast.
  • Learn consumption pattern and impact of each end use & supply side analysis of EV Traction Motor market.
  • Investigate the recent R&D projects performed by each market player & competitive analysis of EV Traction Motor Market Players.

The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Market Insights of EV Traction Motor.

Key stakeholders in Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.

How Fact.MR Assists in Making Strategic Moves For EV Traction Motor Market Manufacturer?

  • The data provided in the EV Traction Motor market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
  • The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.