With a projected valuation of USD 4.76 billion in 2022, the electric vehicle traction motors market is anticipated to expand at a compound annual growth rate (CAGR) of 39.4%. One of the most important parts of an electric car is the traction motor, which transforms electrical energy from the battery into mechanical energy to move the wheels. One of the main features that sets electric cars apart from conventional cars with internal combustion engines is this motor.
Electric traction motors are essential parts of hybrid and
electric cars because they transform electrical energy into mechanical energy,
which powers the car forward. These motors, which run on batteries or fuel
cells, use electromagnetism to produce a magnetic field when an electric
current passes through their windings.
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Rotational motion is produced when permanent magnets or
electromagnets interact with this magnetic field. High torque, rapid
acceleration, regenerative braking, and reduced maintenance requirements are
some advantages of electric traction motors. The development and improvement of
electric traction motors are essential to easing the shift to more
environmentally friendly mobility options considering the rising demand for
sustainable transportation.
Impact of
COVID-19:
Like many
other industries, the COVID-19 epidemic had both beneficial and negative
effects on the electric vehicle (EV) traction motor market. These effects
differed based on several variables, such as the EV industry's particular
market sector, location, and development stage.
Electric Vehicle Traction Motor Market:-
Segmental Analysis
By Type
·
Permanent Magnet Synchronous Motors
·
DC Brushed Motors
·
DC Brushless Motors
·
Out-Runner BLDC Motors
·
In-Runner BLDC Motors
·
Induction Motors
·
Switched Reluctance Motors
· Wound
Rotor Synchronous Motors
By Power Output
·
Less Than 100 kW
·
100 kW to 250 kW
·
More Than 250 kW
By Propulsion Type
·
Hybrid Electric Vehicles
·
Pure Hybrid Electric Vehicles
·
Plug-In Hybrid Electric Vehicles
·
Battery Electric VehiclesCountry Scope
By Application
·
Passenger Vehicles
·
E-Scooters & Bikes
·
Heavy Commercial Vehicles
Key Companies
·
ABB Limited
·
AVL List GmbH
·
BorgWarner Inc.
·
Continental AG
·
Dana Incorporated
·
GKN Automotive Limited
·
Hitachi Automotive Systems
·
Mitsubishi Electric Corporation
·
Nidec Corporation
·
Parker-Hannifin Corp.
·
Robert Bosch GMBH
·
SiCepower
·
Siemens AG
·
SKF AB
·
Yaskawa Electric Corporation
·
ZF TRW Automotive Holdings Corporation
·
BYD Company Limited
·
Others
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