Frequently asked questions
The government directives severely affected several sectors, including the automotive industry, with major manufacturers shuttering their operations completely or operating at reduced capacities.
Asia-Pacific accounted for the most heightened share in the global market.
There is a strong correlation between the growth of the market for electric traction motors and strict emission control regulations requiring OEMs to manufacture and sell electric and hybrid vehicles, as well as an increase in demand for high-performance motors and favorable government policies.
The AC segment had a major share in the global market in 2022.