Press release
Green revolution trends to drive traction battery market, APAC to register a double-digit CAGR of 11% over 2018-2024
Traction Battery Market
Get a Sample Copy of this Report: @ https://www.gminsights.com/request-sample/detail/2888
In line with the stricter regulatory norms, many countries have already started to develop a sophisticated electric vehicle infrastructure. A majority of the nations have also been proactive in providing sufficient funding to the masses to enable the adoption of electric transportation facilities. Some of the countries like Germany have already invested in the development of alternative transportation facilities addressing the climate change and pollution. Recently, with the goal to implement a greener future, the German government inaugurated an electro-hybrid train that will help the country to reduce dependency on fossil fuel.
The increasing deployment of electric trains for energy efficiency, emissions, and noise free operations has had a positive influence on traction battery industry trends. Accordingly, prominent contenders have commenced the development of a new range of batteries endowed with higher capacities. Recently, ABB has launched a new traction technology for rail operators that leads to more energy savings, in turn, making rail transportation more sustainable. The Swiss train manufacturer, Stadler has also offered USD 100 million to ABB for improving rail operations and making them more energy efficient mainly across Europe and U.S. It is thus rather discernible that heavy investments in electric infrastructure development will generate lucrative opportunities for the players in traction battery market.
Speaking along the same lines, the well-known European automaker, Daimler has also signed a product supply contract with a Chinese company a couple of weeks earlier. Through this contract, the China-based Kaizhong Precision Technology will deliver structural components for Daimler’s traction battery packs. German carmakers have also set a target to terminate the sales of combustion engine vehicles by the end of 2030 – another factor that would turn out to be quite beneficial for the contributors in traction battery market.
In addition to Germany, other leading economies comprising France and UK have also decided to end the sales of conventional vehicles by 2040. The supportive regulatory initiatives set by the regional governments will thus boost Europe traction battery market size over the years ahead.
Incidentally, Europe traction battery market size was pegged at USD 6 billion in 2017.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2888
Chapter 2 Executive Summary
2.1 Traction battery industry 3600 synopsis, 2013 - 2024
2.2 Business Trends
2.3 Application Trends
2.4 Chemistry Trends
2.5 Regional Trends
Chapter 3 Traction Battery Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024 (USD Billion)
3.3 Industry ecosystems analysis
Chapter 4 Traction Battery Market, By Application
4.1 Traction battery market revenue share by application, 2017 & 2024
4.2 Electric vehicle
4.2.1 Global traction battery market by electric vehicle, 2013 - 2024
4.2.2 Global traction battery market by electric vehicle, by region, 2013 - 2024
4.2.3 Battery electric vehicle (BEV)
Browse Full Report @ https://www.gminsights.com/industry-analysis/traction-battery-market
Chapter 5 Traction battery market, By Chemistry
5.1 Traction battery market revenue share by chemistry, 2017 & 2024
5.2 Lead Acid
5.2.1 Global market by lead acid, 2013 - 2024
5.2.2 Global market by lead acid, by region, 2013 - 2024
5.3 Li-ion
5.3.1 Global market by Li-ion, 2013 - 2024
5.3.2 Global market by Li-ion, by region, 2013 - 2024
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Explore Our Blog @ http://allnewsmyway.com
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Green revolution trends to drive traction battery market, APAC to register a double-digit CAGR of 11% over 2018-2024 here
News-ID: 1780873 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for Traction
SPINALTRAX LUMBER TRACTION REVIEWS 2022( USA AND CANADA UPDATE): DOES THIS TRACT …
Most individuals will have lower back pain at some time in their life since it is so widespread. In fact, lower back pain is the most frequent cause of employment-related impairment and one of the main causes of missed work in the US, according to the National Institute of Neurological Disorders and Stroke (NINDS).
One of the most frequent causes of missed work days is lower back discomfort, which is highly…
Traction Chains Market Will See Strong Expansion Through 2028: Pewag, Rud, Peerl …
The market report delivers an all-inclusive analysis of the market structure along with a forecast of the various segments and sub-segments of the Traction Chains industry. This wide-ranging market research report acts as a backbone for the success of business in any niche. The Traction Chains market survey report has been prepared by conducting market research in a systematic manner. Moreover, the Traction Chains report includes a professional in-depth study…
Automotive Traction Motor Market: Post COVID Growth Opportunity Analysis, ABB, A …
According to the report, the global Automotive Traction Motor market is expected to grow from $3.26 Billion in 2020, which is expected to reach $32.28 Billion by 2028, growing at the CAGR of 33.04% from 2020 to 2028. This growth is attributed to a rise in demand for high-performance motors, favorable government policies, and subsidies. The automotive Traction Motor Market is gaining momentum owing to the rising demand for advanced…
Traction Locomotive Market Analysis Report By Key Players- General Electric, Bru …
UpMarketResearch offers a latest published report on “Global Traction Locomotive Market Industry Analysis and Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 152 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Get Free Sample Report@ https://www.upmarketresearch.com/home/requested_sample/3136
The report begins with the overview of the Traction Locomotive market and…
Railway Traction Motor Market by Type (Direct Current Traction Motors, Alternati …
The global railway traction motor market was valued at $30.3 billion in 2016, and is estimated to reach $41.6 billion by 2025, growing at a CAGR of 3.8% from 2017 to 2025. Railway traction motor is a type of electric motor, which is used in electrically powered rail vehicles. The global railway traction motor market is expected to witness a significant growth in the future, owing to the technological advancements…
Railway Traction Motors Market - Railway Traction Motors Most Widely Used in Die …
The railway traction motors market in North America is consolidated to a certain degree, with the five leading players collectively accounting for a share of over 55% in 2015. These players are ABB Ltd., Bombardier Inc., Mitsubishi Electric Corporation, Alstom S.A., and Siemens A.G. Transparency Market Research states that considering the current trends in the railway traction motors market in North America, the market shares of some of the key…
