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Automotive Traction Battery Market worth $26.05 billion by 2030, growing at a CAGR of 9.39% - Exclusive Report by 360iResearch
Automotive Traction Battery Market | 360iResearch
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The automotive traction battery market encompasses the development, manufacturing, and commercialization of batteries vital for electric vehicles (EVs) and hybrid electric vehicles (HEVs), including batteries such as lithium-ion, nickel-metal hydride, solid-state, and emerging technologies designed for enhanced energy density, longer life cycles, and improved safety. These batteries are essential for reducing carbon emissions and meeting stringent government regulations, driven by rising consumer demand for eco-friendly vehicles. Applications include powering passenger vehicles, commercial trucks, and industrial machinery, with government incentives and technological advancements serving as key growth drivers. Expanding the EV charging infrastructure is also key to increasing battery demand. Opportunities lie in research and development, particularly for solid-state batteries, as well as the reuse of EV batteries in renewable energy storage. Geographical expansion into markets with supportive EV policies can further enhance growth. Recommendations include investing in advanced manufacturing to reduce costs, forming strategic collaborations for innovation, and developing modular battery solutions adaptable to various vehicle types. Major challenges include high initial costs, reliance on raw materials such as lithium, cobalt, and nickel, and technological barriers related to energy density and charging times. Infrastructure limitations, particularly in emerging markets, also pose growth impediments. Areas for innovation and research include solid-state batteries, efficient battery recycling processes, advanced battery management systems (BMS), and ultrafast charging technologies. The market is dynamic, characterized by intense competition, continuous innovation, and significant research and development investments, heavily influenced by governmental policies. Stakeholders must focus on advanced technologies, sustainable practices, and strategic collaborations to navigate the market's complexities and leverage growth opportunities.
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Market Segmentation & Coverage:
This research report categorizes the Automotive Traction Battery Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Capacity, market is studied across High Capacity, Low Capacity, and Medium Capacity.
Based on Battery Type, market is studied across Lead Acid, Lithium-Ion-based, and Nickel- based.
Based on Vehicle Type, market is studied across EV and HEV.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Traction Battery Market, highlighting leading vendors and their innovative profiles. These include Amara Raja Energy & Mobility Limited, Chaowel Power Holdings Limited, Clarios, LLC, Limited, Deutsche Accumotive GmbH & Company KG, DYVINITY, East Penn Manufacturing Company, Ecovolta AG, EnerSys Ltd., Foxtron Vehicle Technologies, Gotion High-tech Co., Ltd., GS Yuasa Corporation, Hofer Powertrain GmbH, Leoch International Technology Ltd., LG Chem Ltd., MAHLE GmbH, Mutlu Incorporated, Panasonic Corporation, Rico Storage Energy, The Electric Storage Battery Company, Tianneng Group, and Yuki Electric India Pvt Ltd..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive Traction Battery Market, by Capacity
7. Automotive Traction Battery Market, by Battery Type
8. Automotive Traction Battery Market, by Vehicle Type
9. Americas Automotive Traction Battery Market
10. Asia-Pacific Automotive Traction Battery Market
11. Europe, Middle East & Africa Automotive Traction Battery Market
12. Competitive Landscape
13. Competitive Portfolio
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Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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