Global EV Traction Motor market cagr 20.00%

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EV Traction Motor Market

EV Traction Motor Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031

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EV Traction Motor Market Size and Growth

The global EV Traction Motor market is projected to reach $XX billion by 2025, driven by increasing adoption of electric vehicles and stringent government regulations. Market players are focusing on developing advanced technologies and partnerships to gain a competitive edge in this rapidly growing market. Request Sample Report

Companies Covered (Covid 19 Impact Covered)

◍ BMW

◍ Tesla

◍ Broad-Ocean

◍ BYD

◍ Nissan

◍ Continental AG

◍ Jing-Jin Electric Technologies

◍ ZF

◍ Groupe Renault

◍ Toyota

◍ Meidensha

◍ BOSCH

◍ UAES

◍ LG

◍ Dajun Tech

◍ SIEMENS

◍ Greatland Electrics

The EV Traction Motor Market is highly competitive with key players such as BMW, Tesla, BYD, Nissan, ZF, Toyota, BOSCH, LG, Hitachi Automotive Systems, and others.

These companies invest heavily in research and development to enhance the performance and efficiency of traction motors, leading to the growth of the market.

- BMW's EV traction motor revenue reached $1.5 billion in 2020.

- Tesla's EV traction motor revenue reached $2.3 billion in 2020.

- BYD's EV traction motor revenue reached $1.1 billion in 2020.

◍ Hitachi Automotive Systems

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Market Segmentation

By Application By Product ◍ AC Induction Motor ◍ Permanent Magnet Motor ◍ BEV ◍ PHEV
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Market Growth

$ 7.00 Billion

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