Electric Vehicle Traction Motor Market
Electric Vehicle Traction Motor Market Scope:
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Electric Vehicle Traction Motor Market Size and Growth
The Electric Vehicle Traction Motor market is experiencing robust growth, driven by increasing demand for electric vehicles and advancements in motor technology. As of 2023, the market size is projected to reach approximately $XX billion, with a compound annual growth rate (CAGR) of around XX% expected over the next five years. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Tesla
◍ BYD
◍ Broad-Ocean
◍ Zhongshan Broad-Ocean Motor Co. Ltd.
◍ BorgWarner Inc.
◍ Robert Bosch GmbH
◍ Continental AG
◍ Siemens AG
◍ Nidec Corporation
◍ LG Electronics
◍ MEIDENSHA CORPORATION
◍ Jing-Jin Electric Technologies Co. Ltd.
◍ Shuanglin Group
The electric vehicle traction motor market features key players like Tesla, BYD, BorgWarner, and Bosch, focusing on innovative electric motors for enhanced performance. Companies like Nidec and LG Electronics contribute through advancements in efficiency and manufacturing scale, driving market growth. Notable revenue figures include Tesla: $81.5 billion, BYD: $23 billion, BorgWarner: $14.9 billion.
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Market Segmentation
By Application
Electric cars
Electric buses
Electric scooters
BEV
By Product
◍ Synchronous motor
Induction motor ◍ Permanent Magnet Motor
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$ 29060.00 Million
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