DUBLIN--(BUSINESS WIRE)--Aug 29, 2018--The "Global Electric Vehicles Components Market (Motors, Drives, Motor Control)" report has been added to ResearchAndMarkets.com's offering.

The global electric vehicle traction motor market is expected to grow at a CAGR of 30.9% during the forecast period 2018-2024.

The global electric vehicle (EV) traction motor market is expected to witness significant growth during the forecast period. The market is driven by increasing government initiatives on electric vehicle adoption, increasing focus on expanding electric vehicle charging infrastructure, and growing preference for electrification of the public fleet.

The Asia Pacific region is dominating in the global EV traction market followed by Europe. In terms of revenue, Asia Pacific accounted for more than 60% share and is projected to remain dominant during the forecast period. This is mainly due to the expanding electric vehicle charging infrastructure and increasing government initiatives, such as NEV policy in China.

The report contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape.

Market Dynamics

Drivers

Government Initiatives on Electric Vehicle Adoption Increasing Focus on Expanding Electric Vehicle Charging Infrastructure Increasing Preference for Electrification of Public Fleet

Restraints

End-User Concerns on Switching to Electric Vehicle Lack of Awareness About Potential Cost Benefits of Electric Vehicles

Opportunity

Changing Urban Mobility

Companies Featured

BorgWarner Inc. Continental AG Jing-Jin Electric Technologies Co. Ltd. LG Electronics Meidensha Corp. Nidec Corporation Robert Bosch GmbH Shuanglin Group Siemens AG Zhongshan Broad-Ocean Motor Co. Ltd.

Key Topics Covered

1 Report Summary

2 Report Outline

3 Market Snapshot

4 Market Outlook

5 Market Characteristics

6 Motor Type: Market Size and Analysis

7 Motor Capacity: Market Size & Analysis

8 Vehicle Type: Market Size & Analysis

9 Application: Market Size & Analysis

10 Regions: Market Size & Analysis

11 Vendor Profiles

12 Companies to Watch For

For more information about this report visit https://www.researchandmarkets.com/research/vh68t8/global_electric?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180829005295/en/

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Related Topics:Automotive Parts,Electric and Hybrid Vehicles

KEYWORD:

INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/29/2018 06:21 AM/DISC: 08/29/2018 06:21 AM

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