The global Traction Motor market is valued at 2230 million US$ in 2018 is expected to reach 27000 million US$ by the end of 2025, growing at a CAGR of 42.8% during 2019-2025.
Los Angeles, CA -- (SBWIRE) -- 06/27/2019 -- A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.
The EV Traction Motor consumption volume was 128.24 K Units in 2012 and is expected to reach 1022.55 K Units in 2016 and 6790.26 K Units in 2021. China`s sales volume accounted for the highest market share (55.89%) in 2016, followed by the North America and Europe.
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At present, the manufactures of EV Traction Motor are concentrated in Europe, North America, Japan and China. China is the largest production area in the world, which occupied about 49.15% in 2016. The global leading players in this market are BYD, ZF, Nissan and Continental AG.
The EV Traction Motor are mainly used by Passenger cars and Commercial vehicles. The main application of EV Traction Motor is Passenger cars, accounting about 80% market.
Despite the presence of competition problems, due to the increasing demand of downstream industry and the government support, investors are still optimistic about this area, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
This report focuses on Traction Motor volume and value at global level, regional level and company level. From a global perspective, this report represents overall Traction Motor market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
This report includes the following manufacturers; we can also add the other companies as you want.
Jing-Jin Electric Technologies
Hitachi Automotive Systems
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