Press release
Global Traction Battery Market: Exploring Market Size, Key Players, and Growth Trends
Global Traction Battery Market
The Traction Battery Market Awaits Rapid Expansion: Insights and Projections
What Is The Projected Market Size Of The Global Traction Battery Market And Its Growth Rate?
The traction battery market has witnessed significant growth recently and is set to progress even further.
•From $39.91 billion in 2024, the market will surge to $44.47 billion in 2025, growing at a CAGR of 11.4%. This is driven by the electrification of transportation, government regulations, environmental concerns, and an increased demand from consumers.
•The market size is poised to escalate to $68.71 billion in 2029 at a CAGR of 11.5%. The predicted growth is a result of expanding electric vehicle markets, advancements in energy storage, developments in the battery recycling sector, improvements in the charging infrastructure, and market diversification.
What Is Driving The Growth In The Traction Battery Market?
The traction battery market growth is fueled by the rising demand for electric vehicles. As environmentally friendly alternatives, electric vehicles leverage traction batteries to power their motors. For instance, Sustainable Bus reported a 53% increase in electric bus registrations in Europe in 2023 compared to 2022, indicating a growing demand for electric vehicles. Therefore, the expansion of the traction battery market is closely tied to the growth of the electric vehicle industry.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6051&type=smp
Who Are the Key Players Driving Traction Battery Market Growth?
The traction battery market growth is driven by several key players:
•Amara Raja Batteries Limited
•BAE Batterien GmbH
•Banner Batterien GmbH
•BYD Company Limited
•Coslight Technology International Group Co. Ltd.
•East Penn Manufacturing Company Inc.
•EnerSys
•Exide Industries Limited
•GS Yuasa International Ltd.
•HOPPECKE Carl Zoellner & Sohn GmbH
•Mutlu Akü ve Malzemeleri Sanayi Ticaret A.S.
•Sunlight Systems S.A.
•C&D Technologies Inc.
•Chaowei Power Holdings Limited
•Leoch International Technology Limited
•Sebang Global Battery Co. Ltd.
•Tesla Inc.
•Panasonic Corporation
•LG Chem Ltd.
•Samsung SDI Co. Ltd.
•Contemporary Amp Technology Co. Limited (CATL)
•Saft Groupe S.A.
•Trojan Battery Company
•A123 Systems LLC
•Toshiba Corporation
•Hitachi Chemical Co. Ltd.
•Narada Power Source Co. Ltd.
•NorthStar Battery Company LLC
•Sumitomo Electric Industries Ltd.
•Crown Battery Manufacturing Company
•Tadiran Batteries GmbH
•Discover Battery
•Sinopoly Battery Limited
What Are The Key Trends In The Traction Battery Market?
Major trends in the market include:
•Fast charging technology
•Second-life batteries
•Increased production capacity
•Advanced battery management systems
•Increased energy density
What Are The Segments Of The Global Traction Battery Market?
The traction battery market is caters to diverse segments based on:
•Product Type: Lead Acid Based, Li-Ion Based, Nickel Based, Other Types
•Capacity: Less than 100 Ah, 100 - 200 Ah, 200 - 300 Ah, 300 - 400 Ah, 400 Ah And above
•Application: Electrical Vehicle (EV), Hybrid Electric Vehicles (HEV), Industrial, Forklift, Mechanical Handling Equipment, Other Applications
Which Region Leads The Traction Battery Market?
North America led the traction battery market in 2024, surpassing other regions. The report also comprises data from other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East and Africa, offering comprehensive insights into the regional performance of the market.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/traction-battery-global-market-report
What Is Covered In The Traction Battery Market Global Market Report?
- Market Size Analysis: Analyze the Traction Battery Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Traction Battery Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Traction Battery Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Traction Battery Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report at: https://www.thebusinessresearchcompany.com/Customise?id=6051&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 15,000+ reports across 27 industries and 60+ geographies, The Business Research Company has established itself as a trusted source for comprehensive, data-rich research and insights. Supported by 1,500,000 datasets, our rich resource of in-depth secondary research and unique insights from industry leaders empower you to make informed decisions. Our flagship product, the Global Market Model , offers a premier market intelligence platform for comprehensive and updated forecasts to inform your decision-making process.
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 Global Traction Battery Market: Exploring Market Size, Key Players, and Growth Trends here
News-ID: 3820417 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Battery
Thin Film Micro Battery Market, By Rechargeability (Primary Battery, Secondary B …
The thin film micro battery market is expected to witness market growth at a rate of 30.9% in the forecast period of 2022 to 2029. Data Bridge Market Research report on thin film micro battery market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for the Internet of Things (IoT)…
Deep Cycle Gel Battery Market 2022 Analysis by Top Leading Players | Trojan Batt …
The Deep Cycle Gel Battery Market report offers qualitative and quantitative insights as well as a thorough examination of the market size and expansion rate of all potential market segments. The report has been put together using primary and secondary research methodologies, which offer an exact and detailed understanding of the Deep Cycle Gel Battery market. The Deep Cycle Gel Battery Market is projected to succeed at a CAGR of…
Global Power Energy Storage Battery Market 2019 - Lithium Ion Battery,All-vanadi …
Power Energy Storage Battery Market
The Global Power Energy Storage Battery Market 2019 Research Report incorporates a total and careful investigation of Power Energy Storage Battery industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Power Energy Storage Battery development patterns, assortment of uses, use volume, request and supply examination, creation limit and Power Energy Storage Battery industry cost structures amid Forecast period from…
Space Battery Market analysis report- with Leading players, Types Nickel-based B …
Space Battery Market
The Space Battery Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The Space Battery Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this…
Global EV Battery Recycling Market : Nickel–Cadmium Battery, Nickel–Metal Hy …
The EV Battery Recycling Market Research Report consists of all the essential information in regards to the global market. This report presents an in-depth analysis of various industry factors, such as the market trends, dynamics, production, estimates, industry development drivers, size, share, investigation, supply, forecast trends, sales, industry demand, as well as several other factors.
The Global EV Battery Recycling Market report has been generated leveraging a target amalgamation…
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017
A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery…
