Traction Battery Market Is Being Driven by Rising Pollution Levels and Favorable Government Mandates in the Forecast Period of 2023-2029
Global Traction Battery Market
The market size was valued at US$ 36.98 Bn in 2022 and is projected to reach US$ 64.22 Bn by 2029, growing at a CAGR of 8.2% during the forecast period.
Market Overview
The "Traction Battery Market" research aims to provide the latest market intelligence and assist decision-makers in making informed investment decisions. It offers a comprehensive analysis of the global Traction Battery Market by Product Type, Application, Key Manufacturers, and several key regions.
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Market Scope
The research focuses on the growth prospects, constraints, and market analysis of the Traction Battery market. It utilizes Porter's five forces analysis to evaluate the impact of various factors on market trends, including supplier bargaining power.
Drivers
The report also covers major restraints and drivers affecting the Traction Battery market.
Segmentation
by Product Type
Lead acid-based
Nickel-based
Lithium-ion-based
Others
by Application
Electrical vehicle
Industrial
Locomotives
Others
by Capacity
less than 100Ah
100-200Ah
200-300Ah
300-400Ah
400Ah & above
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Key Players
1. BAE Batteries GmbH
2. Banner Batteries Ltd.
3. ECOVOLTA
4. Exide Industries Ltd
5. GS Yuasa International Ltd
6. LG Chem
7. Inci Aku
8. INTILION GmbH
9. Leoch International Technology Limited Inc
10. Toshiba Corporation
11. Samsung
12. Hitachi
13. BYD Company
14. Exide
Regional Analysis
The report assesses the global Traction Battery market across the following regions:
- North America (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on Traction Battery Market
The global impact of COVID-19 is already being observed and is expected to significantly affect the Traction Battery market in 2021. The outbreak has led to flight cancellations, travel bans, quarantines, restaurant closures, restrictions on indoor/outdoor events, declarations of states of emergency in over thirty countries, supply chain disruptions, stock market volatility, business downturns, public panic, and uncertainty about the future.
Key Questions Answered in the Traction Battery Market Report
- What key trends are likely to emerge in the Traction Battery market during the forecast period?
- What will be the market size of the Traction Battery market by 2027?
- Which company had the largest market share in the Traction Battery market in 2020?
About Maximize Market Research
Maximize Market Research is a multifaceted market research and consulting company with expertise in various industries, including medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology, communication, automotive, chemicals, general merchandise, beverages, personal care, and automated systems. We provide market-verified industry estimates, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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