Global Automotive Traction Motor Market Report 2022: Implementation of Stringent Emission Norms & Environmental Regulations Presents Opportunities - ResearchAndMarkets.com
The "Global Automotive Traction Motor Market by Motor Type (PMSM, AC Induction), Type (AC, DC), EV Type (BEV, HEV, PHEV), Power Output (less than 200 KW, 200-400 KW, and above 400 KW), Vehicle Type (PC, Pick-up Trucks, Trucks, Buses & Vans) & Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering
DUBLIN--(BUSINESS WIRE)--Nov 10, 2022--
The "Global Automotive Traction Motor Market by Motor Type (PMSM, AC Induction), Type (AC, DC), EV Type (BEV, HEV, PHEV), Power Output (less than 200 KW, 200-400 KW, and above 400 KW), Vehicle Type (PC, Pick-up Trucks, Trucks, Buses & Vans) & Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global automotive traction motor market is projected to grow at a CAGR of 22.8%, from USD 6.5 billion in 2022 to USD 18.4 billion by 2027.
The growth of the automotive traction motor market is driven by the rise in demand for zero-emission vehicles and an increase in awareness regarding climate change, which leads to the strong support of the global population to limit greenhouse gas emissions. BorgWarner Inc. (US), Schaeffler Group (Germany), Nidec Corporation (Japan), Robert Bosch GmbH (Germany), and ZF Friedrichshafen AG (Germany) are among a few established players in the market.
