Press release
Traction Battery Market is led by Asia Pacific, as per Maximize Market research
Traction Battery Market
Traction Battery Market Overview
A rechargeable battery that stores energy and powers electric vehicles and industrial applications is known as a traction battery. Traction batteries, commonly referred to as electric vehicle batteries (EVB), function to supply power to the electric motor and deliver impressive performance and quick acceleration.
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Traction Battery Market drivers
There is anticipated growth in the traction battery market as more electric and hybrid vehicles are being adopted. Government rules backing electric cars and increasing environmental worries continue to boost market growth. Growing environmental concerns are driving the populations towards the EV. Rising demand for electric forklifts in industrial applications is also a factor helping the traction battery market grow.
Traction Battery Market restraints
The limited EV infrastructure in the system along with high cost of lithium-ion batteries compared to lead-acid batteries may restrain the market. The cases of EV batteries catching fire and putting people at risk may also harm the market growth.
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Traction Battery Market opportunities
Creation of batteries with higher efficiency and quicker charging times and increasing popularity of online shopping fueling need for industrial forklifts will present good opportunities to the Traction Battery Market top companies.
Traction Battery Market regional analysis
The Asia-Pacific region in Traction Battery Market is at the forefront of the market due to its fast industrialization and increasing use of electric vehicles. Strict emission regulations are leading to substantial growth of Traction Battery Market in Europe.
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Traction Battery Market news trends
Trends indicate a bright outlook for the traction battery industry, propelled by advancements in technology, rising interest in electric vehicles, and a heightened emphasis on sustainability. Nevertheless, successfully managing regulatory obstacles and maintaining a competitive environment will be essential for the industry's ongoing growth and prosperity.
Recent News about Traction Battery market
25/9/2024 ABB launches Pro Series traction battery range
28/6/2024 Hungary - the future paradise for EV battery manufacturers?
14/6/2024 Škoda Unveils the First Battery-Electric Train of the RegioPanter Family
12/8/2024 SES AI's 100 Ah Li-Metal Is First to Successfully Pass the Global Electric Vehicle EV Safety Standard Test GB38031-2020
6/8/2024 EU battery regulation: dispute over calculation of the CO2 footprint of car batteries
29/8/2024 Navigating the new EU battery regulation with TÜV Rheinland: Insights from an expert
27/10/2023 Alstom at the forefront of sustainable traction solutions for catenary-free lines: become a part of the success story!
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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
Traction Battery Market 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
Key questions answered in the Traction Battery Market are:
• What is the size of the traction battery market?
• What exactly is a traction battery?
• How long does a traction battery typically last?
• What sets apart a battery from a traction battery?
• What segments are covered in the Global traction battery Market report?
• Which region is expected to hold the highest share in the Global traction battery Market?
• What is the market size of the Global traction battery Market by 2030?
• What is the forecast period for the Global traction battery Market?
Key Offerings:
• Past traction battery Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• traction battery Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• § Competitive landscape - traction battery Market Leaders, Market Followers, Regional player
• § Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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vAbout Maximize
Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
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