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Electric Vehicle Traction Motor Global Market Report 2022

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    Report

  • 175 Pages
  • September 2022
  • Region: Global
  • The Business Research Company
  • ID: 5660195
Major players in the electric vehicle traction motor market are AB SKF, ABB Ltd., Avid Technology Limited, Hitachi Automotive Systems, Ltd., Nidec Corporation, Parker-Hannifin Corporation, Robert Bosch GmbH, Valeo SA, ZF TRW Automotive Holdings Corporation, Zytek Group Limited, Copper Rotor Induction Motor, RETORQ Motors Ltd., SERVAX, Equipmake Ltd., and Bharat Heavy Electricals Ltd.

The global electric vehicle traction motor market is expected to grow from $4.13 billion in 2021 to $6.18 billion in 2022 at a compound annual growth rate (CAGR) of 49.54%. The electric vehicle traction motor market is expected to grow to $27.47 billion in 2026 at a compound annual growth rate (CAGR) of 45.19%.

The electric vehicle traction motor market consists of sales of electric vehicle traction motors by entities (organizations, sole traders, and partnerships) that are used for converting electrical energy to mechanical energy in a method that propels the vehicle beyond aerodynamic drag, rolling resistance drag, and kinetic resistance is the motor that powers the vehicle's wheels. An electric vehicle traction motor refers to the motor that turns the wheels of a vehicle. Some vehicles use motor generators for both drive and regeneration.

The main motor types of electric vehicle traction motors are permanent-magnet synchronous EV traction motors (PSM) and asynchronous EV traction motors (ASM). Permanent magnet synchronous EV traction motors have the ability to deliver excellent torque-to-current ratios, power-to-weight ratios, efficiency, and robustness. PSMs are widely employed in modern variable speed AC drives. The voltage ratings of electric vehicle traction motors include high voltage EV traction motors and low voltage EV traction motors. The vehicle types that adopt electric vehicle traction motor include electric vehicles, plug-in hybrid electric vehicles, mild hybrid vehicles, and full hybrid vehicles. The various applications of electric vehicle traction motors include railways, electric vehicles, and other applications.

Asia Pacific was the largest region in the electric vehicle traction motor market in 2019. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the electric vehicle traction motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The electric vehicle traction motors market research report is one of a series of new reports that provides electric vehicle traction motors market statistics, including electric vehicle traction motors industry global market size, regional shares, competitors with a electric vehicle traction motors market share, detailed electric vehicle traction motors market segments, market trends and opportunities, and any further data you may need to thrive in the electric vehicle traction motors industry. This electric vehicle traction motors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Increased sales of hybrid electric vehicles is expected to propel the growth of the electric vehicle traction motor market. A hybrid electric vehicle is a hybrid vehicle that combines an internal combustion engine and an electric propulsion system. The rapid growth in sales of hybrod electric vehicles is expcted to boost utilization of traction motors, as they are essential components in hybrid and electric vehicles. For instance, in February 2022, according to U.S. electric vehicle market, 59,664 hybrid vehicles were sold (up 10.2% from February 2021), with 15,763 cars and 43,801 being light trucks. In February, Toyota had a 63.7% share of total hybrid sales. Prius (Prius and Prius C combined) sold 3.9% of hybrid vehicles. Therefore, the growing sales of hybrid electric vehicles is expected to boost demand for electric vehicle traction motors during the forecast period.

Technological advancement is a key trend gaining popularity in the electric vehicle traction motor market. Many companies operating in electric vehicle traction motor are developing new products or new technologies to strengthen their position in electric vehicle traction motor market. For instance, in August 2021, Nidec developed E-Axle, an EV traction motor system that incorporates three components: a motor, an inverter, and a reducer, and may be mounted in a vehicle, doing everything from generating rotating torque from the drive shaft attached to the tires to move the vehicle when powered by electricity. To achieve high productivity and wire-winding performance, Nidec implemented a new cassette inserter method. In addition, Nidec's E-Axle was given a new cooling mechanism.

In December 2019, Nidec Corporation, a Japanese manufacturer and distributor of electric motors acquired Roboteq Inc. for an undisclosed amount. With this acquisition, Nidec plans to develop into a single vendor capable of providing complete motor control system support to customers. Roboteq Inc. is a US-based company that offers a wide range of electronic DC motor drives for mobile robots and electric vehicles.

The countries covered in the electric vehicle traction motor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.




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Table of Contents

1. Executive Summary2. Electric Vehicle Traction Motor Market Characteristics3. Electric Vehicle Traction Motor Market Trends And Strategies4. Impact Of COVID-19 On Electric Vehicle Traction Motor
5. Electric Vehicle Traction Motor Market Size And Growth
5.1. Global Electric Vehicle Traction Motor Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Electric Vehicle Traction Motor Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Electric Vehicle Traction Motor Market Segmentation
6.1. Global Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Permanent Magnet Synchronous EV Traction Motors (PSM)
  • Asynchronous EV Traction Motors (ASM)
6.2. Global Electric Vehicle Traction Motor Market, Segmentation By Voltage Ratings, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • High Voltage EV Traction Motors
  • Low Voltage EV Traction Motors
6.3. Global Electric Vehicle Traction Motor Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Electric Vehicles
  • Plug-in Hybrid Electric Vehicles
  • Mild Hybrid Vehicles
  • Full Hybrid Vehicles
6.4. Global Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Railways
  • Electric Vehicle
  • Other Applications
7. Electric Vehicle Traction Motor Market Regional And Country Analysis
7.1. Global Electric Vehicle Traction Motor Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Electric Vehicle Traction Motor Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Electric Vehicle Traction Motor Market
8.1. Asia-Pacific Electric Vehicle Traction Motor Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Electric Vehicle Traction Motor Market
9.1. China Electric Vehicle Traction Motor Market Overview
9.2. China Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Electric Vehicle Traction Motor Market
10.1. India Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Electric Vehicle Traction Motor Market
11.1. Japan Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Electric Vehicle Traction Motor Market
12.1. Australia Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Electric Vehicle Traction Motor Market
13.1. Indonesia Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Electric Vehicle Traction Motor Market
14.1. South Korea Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Electric Vehicle Traction Motor Market
15.1. Western Europe Electric Vehicle Traction Motor Market Overview
15.2. Western Europe Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Electric Vehicle Traction Motor Market
16.1. UK Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Electric Vehicle Traction Motor Market
17.1. Germany Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Electric Vehicle Traction Motor Market
18.1. France Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Electric Vehicle Traction Motor Market
19.1. Eastern Europe Electric Vehicle Traction Motor Market Overview
19.2. Eastern Europe Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Electric Vehicle Traction Motor Market
20.1. Russia Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Electric Vehicle Traction Motor Market
21.1. North America Electric Vehicle Traction Motor Market Overview
21.2. North America Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Electric Vehicle Traction Motor Market
22.1. USA Electric Vehicle Traction Motor Market Overview
22.2. USA Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Electric Vehicle Traction Motor Market
23.1. South America Electric Vehicle Traction Motor Market Overview
23.2. South America Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Electric Vehicle Traction Motor Market
24.1. Brazil Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Electric Vehicle Traction Motor Market
25.1. Middle East Electric Vehicle Traction Motor Market Overview
25.2. Middle East Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Electric Vehicle Traction Motor Market
26.1. Africa Electric Vehicle Traction Motor Market Overview
26.2. Africa Electric Vehicle Traction Motor Market, Segmentation By Motor Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Electric Vehicle Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Electric Vehicle Traction Motor Market Competitive Landscape And Company Profiles
27.1. Electric Vehicle Traction Motor Market Competitive Landscape
27.2. Electric Vehicle Traction Motor Market Company Profiles
27.2.1. AB SKF
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. ABB Ltd.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Avid Technology Limited
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Hitachi Automotive Systems, Ltd.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Nidec Corporation
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Electric Vehicle Traction Motor Market29. Electric Vehicle Traction Motor Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Electric Vehicle Traction Motor Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global electric vehicle traction motor market.

This report focuses on electric vehicle traction motor market which is experiencing strong growth. The report gives a guide to the electric vehicle traction motor market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the electric vehicle traction motor? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Electric Vehicle Traction Motor market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider electric vehicle traction motor market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The electric vehicle traction motor market section of the report gives context. It compares the electric vehicle traction motor market with other segments of the electric vehicle traction motor market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, electric vehicle traction motor indicators comparison.

Scope

Markets Covered:

1) By Motor Type: Permanent Magnet Synchronous EV Traction Motors (PSM); Asynchronous EV Traction Motors (ASM)
2) By Voltage Ratings: High Voltage EV Traction Motors; Low Voltage EV Traction Motors
3) By Vehicle Type: Electric Vehicles; Plug-in Hybrid Electric Vehicles; Mild Hybrid Vehicles; Full Hybrid Vehicles
4) By Application: Railways; Electric Vehicle; Other Applications

Companies Mentioned: AB SKF; ABB Ltd.; Avid Technology Limited; Hitachi Automotive Systems, Ltd.; Nidec Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AB SKF
  • ABB Ltd.
  • Avid Technology Limited
  • Hitachi Automotive Systems, Ltd.
  • Nidec Corporation

Methodology

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