Global Traction Battery Market Overview
The global Traction Battery 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 current market intelligence and support decision-makers in making well-informed investment choices. It delivers a detailed analysis of the global Traction Battery market by product type, application, key manufacturers, and key regions.
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Market Scope:
The research highlights the growth prospects, constraints, and comprehensive market analysis of the Traction Battery market. Using Porter’s five forces analysis, the study evaluates the impact of various factors on market trends, including supplier bargaining power.
Drivers:
The report covers the major drivers and restraints influencing 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 evaluates the global Traction Battery market across the following regions:
- North America (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 COVID-19 pandemic has significantly impacted the global Traction Battery market in 2021, causing disruptions such as flight cancellations, travel bans, quarantines, restaurant closures, and restrictions on events. Additionally, over thirty countries have declared a state of emergency, leading to supply chain slowdowns, stock market fluctuations, business declines, 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 the Traction Battery market size be by 2027?
- Which company held the largest share in the Traction Battery market in 2020?
About Maximize Market Research:
Maximize Market Research is a comprehensive market research and consulting firm with expertise in various industries, including medical devices, pharmaceuticals, science and engineering, electronics, industrial equipment, technology, automobiles, chemicals, general merchandise, beverages, personal care, and automation. Our services include market-verified industry estimations, technical trend analysis, essential market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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