EV Traction Motor Market

EV Traction Motor Market - Global Industry Assessment & Forecast

Semiconductor & Electronics

# Pages:

147

Base Year:

2022

Jul - 2022

Format:

Report Code:

VMR-1708

Segments Covered

By Motor Type Permanent Magnet Synchronous EV Traction Motors (PSM), Asynchronous EV Traction Motors (ASM)
By Voltage Ratings High Voltage EV Traction Motors, Low Voltage EV Traction Motors
By Vehicle Type Traction Motors for Electric Vehicles, Traction Motors Plug-in Hybrid Electric Vehicles, Traction Motors Mild Hybrid Vehicles, Traction Motors Full Hybrid Vehicles
By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa

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Snapshot

Base Year:	2022
Forecast Years:	2023 - 2030
Historical Years:	2017 - 2021
Revenue 2022:	USD 7652.62 Million
Revenue 2030:	USD 45322.03 Million
Revenue CAGR (2023 - 2030):	24.90%
Fastest Growing Region (2023 - 2030)	Asia Pacific
Largest Region (2022):	Asia Pacific

Customization Offered

Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst

EV Traction Motor Market Segment Analysis

EV Traction Motor Motor Type Outlook (Revenue, USD Million, 2018 - 2030)
- Permanent Magnet Synchronous EV Traction Motors (PSM)
- Asynchronous EV Traction Motors (ASM)
EV Traction Motor Voltage Ratings Outlook (Revenue, USD Million, 2018 - 2030)
- High Voltage EV Traction Motors
- Low Voltage EV Traction Motors
EV Traction Motor Vehicle Type Outlook (Revenue, USD Million, 2018 - 2030)
- Traction Motors for Electric Vehicles
- Traction Motors Plug-in Hybrid Electric Vehicles
- Traction Motors Mild Hybrid Vehicles
- Traction Motors Full Hybrid Vehicles
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
  - North America EV Traction Motor Market, by Motor Type
    - Permanent Magnet Synchronous EV Traction Motors (PSM)
    - Asynchronous EV Traction Motors (ASM)
  - North America EV Traction Motor Market, by Voltage Ratings
    - High Voltage EV Traction Motors
    - Low Voltage EV Traction Motors
  - North America EV Traction Motor Market, by Vehicle Type
    - Traction Motors for Electric Vehicles
    - Traction Motors Plug-in Hybrid Electric Vehicles
    - Traction Motors Mild Hybrid Vehicles
    - Traction Motors Full Hybrid Vehicles
  - U.S.
    - U.S. EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - U.S. EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - U.S. EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - Canada
    - Canada EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - Canada EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - Canada EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - Mexico
    - Mexico EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - Mexico EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - Mexico EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
- Europe
  - Europe EV Traction Motor Market, by Motor Type
    - Permanent Magnet Synchronous EV Traction Motors (PSM)
    - Asynchronous EV Traction Motors (ASM)
  - Europe EV Traction Motor Market, by Voltage Ratings
    - High Voltage EV Traction Motors
    - Low Voltage EV Traction Motors
  - Europe EV Traction Motor Market, by Vehicle Type
    - Traction Motors for Electric Vehicles
    - Traction Motors Plug-in Hybrid Electric Vehicles
    - Traction Motors Mild Hybrid Vehicles
    - Traction Motors Full Hybrid Vehicles
  - U. K.
    - U.K. EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - U.K. EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - U.K. EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - France
    - France EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - France EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - France EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - Germany
    - Germany EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - Germany EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - Germany EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - Italy
    - Italy EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - Italy EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - Italy EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - Spain
    - Spain EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - Spain EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - Spain EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - Rest of Europe
    - Rest of Europe EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - Rest of Europe EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - Rest of Europe EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
- Asia Pacific
  - Asia Pacific EV Traction Motor Market, by Motor Type
    - Permanent Magnet Synchronous EV Traction Motors (PSM)
    - Asynchronous EV Traction Motors (ASM)
  - Asia Pacific EV Traction Motor Market, by Voltage Ratings
    - High Voltage EV Traction Motors
    - Low Voltage EV Traction Motors
  - Asia Pacific EV Traction Motor Market, by Vehicle Type
    - Traction Motors for Electric Vehicles
    - Traction Motors Plug-in Hybrid Electric Vehicles
    - Traction Motors Mild Hybrid Vehicles
    - Traction Motors Full Hybrid Vehicles
  - China
    - China EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - China EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - China EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - Japan
    - Japan EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - Japan EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - Japan EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - Germany
    - Germany EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - Germany EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - Germany EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - India
    - India EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - India EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - India EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - South Korea
    - South Korea EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - South Korea EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - South Korea EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - South East Asia
    - South East Asia EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - South East Asia EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - South East Asia EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - Rest of Asia Pacific
    - Rest of Asia Pacific EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - Rest of Asia Pacific EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - Rest of Asia Pacific EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
- Latin America
  - Latin America EV Traction Motor Market, by Motor Type
    - Permanent Magnet Synchronous EV Traction Motors (PSM)
    - Asynchronous EV Traction Motors (ASM)
  - Latin America EV Traction Motor Market, by Voltage Ratings
    - High Voltage EV Traction Motors
    - Low Voltage EV Traction Motors
  - Latin America EV Traction Motor Market, by Vehicle Type
    - Traction Motors for Electric Vehicles
    - Traction Motors Plug-in Hybrid Electric Vehicles
    - Traction Motors Mild Hybrid Vehicles
    - Traction Motors Full Hybrid Vehicles
  - Brazil
    - Brazil EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - Brazil EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - Brazil EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - Argentina
    - Argentina EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - Argentina EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - Argentina EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - Rest of Latin America
    - Rest of Latin America EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - Rest of Latin America EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - Rest of Latin America EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
- Middle East & Africa
  - Middle East & Africa EV Traction Motor Market, by Motor Type
    - Permanent Magnet Synchronous EV Traction Motors (PSM)
    - Asynchronous EV Traction Motors (ASM)
  - Middle East & Africa EV Traction Motor Market, by Voltage Ratings
    - High Voltage EV Traction Motors
    - Low Voltage EV Traction Motors
  - Middle East & Africa EV Traction Motor Market, by Vehicle Type
    - Traction Motors for Electric Vehicles
    - Traction Motors Plug-in Hybrid Electric Vehicles
    - Traction Motors Mild Hybrid Vehicles
    - Traction Motors Full Hybrid Vehicles
  - GCC Countries
    - GCC Countries EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - GCC Countries EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - GCC Countries EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - South Africa
    - South Africa EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - South Africa EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - South Africa EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles
  - Rest of Middle East & Africa
    - Rest of Middle East & Africa EV Traction Motor Market, by Motor Type
      - Permanent Magnet Synchronous EV Traction Motors (PSM)
      - Asynchronous EV Traction Motors (ASM)
    - Rest of Middle East & Africa EV Traction Motor Market, by Voltage Ratings
      - High Voltage EV Traction Motors
      - Low Voltage EV Traction Motors
    - Rest of Middle East & Africa EV Traction Motor Market, by Vehicle Type
      - Traction Motors for Electric Vehicles
      - Traction Motors Plug-in Hybrid Electric Vehicles
      - Traction Motors Mild Hybrid Vehicles
      - Traction Motors Full Hybrid Vehicles

Vantage Market Research | 20-Jul-2022

EV Traction Motor Market to Reach Valuation of USD 23486.5 Million by 2028 – Increasing Government Regulations for Emission Control and Growing Technological Advancements in EV Sector Drives the Market

FAQ

Frequently Asked Question

What is the global demand for EV Traction Motor in terms of revenue?

The global EV Traction Motor valued at USD 7652.62 Million in 2022 and is expected to reach USD 45322.03 Million in 2030 growing at a CAGR of 24.90%.

Which are the prominent players in the market?

The prominent players in the market are Zytek Group Limited, ZF TRW Automotive Holdings Corporation, YASA Motors Ltd., Valeo SA, SKF AB, Parker-Hannifin Corp., Magnetic System Technology, Bharat Heavy Electricals Ltd., ABB Limited.

At what CAGR is the market projected to grow within the forecast period?

The market is project to grow at a CAGR of 24.90% between 2023 and 2030.

What are the driving factors fueling the growth of the market.

The driving factors of the EV Traction Motor include
- Increasing stringency of emission regulations has pushed OEMs to manufacture and sell electric and hybrid vehicles

Which region accounted for the largest share in the market?

Asia Pacific was the leading regional segment of the EV Traction Motor in 2022.

EV Traction Motor Market

EV Traction Motor Market - Global Industry Assessment & Forecast

Semiconductor & Electronics

Segments Covered

Snapshot

Customization Offered

EV Traction Motor Market Segment Analysis

FAQ

Frequently Asked Question

What is the global demand for EV Traction Motor in terms of revenue?

Which are the prominent players in the market?

At what CAGR is the market projected to grow within the forecast period?

What are the driving factors fueling the growth of the market.

Which region accounted for the largest share in the market?

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EV Traction Motor Market

EV Traction Motor Market - Global Industry Assessment & Forecast

Semiconductor & Electronics

Segments Covered

Snapshot

Customization Offered

EV Traction Motor Market Segment Analysis

FAQ

Frequently Asked Question

What is the global demand for EV Traction Motor in terms of revenue?

Which are the prominent players in the market?

At what CAGR is the market projected to grow within the forecast period?

What are the driving factors fueling the growth of the market.

Which region accounted for the largest share in the market?

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