"Global Traction Battery Market – Industry Trends and Forecast to 2029
Global Traction Battery Market, By Product Type (Lead Acid Based, Nickel Based, Lithium-Ion Based, and Others), Capacity (Less Than 100 Ah, 100-200 Ah, 200-300 Ah, 300-400 Ah, And 400 Ah and Above), Application Type (Heavy Industrial, Light Industrial and Commercial, Two Wheeler, Hybrid Car, Pure Electric Car, Mobility for the disabled, Golf Car, Military, Marine, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
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**Segments**
- **By Battery Type**
- Lithium-Ion Battery
- Lead-Acid Battery
- Nickel-Metal Hydride Battery
- Others
- **By Vehicle Type**
- Electric Vehicles
- Hybrid Vehicles
- **By End-User**
- Automotive
- Industrial
- Others
The traction battery market can be segmented based on battery type, vehicle type, and end-user. In terms of battery type, the market is primarily categorized into lithium-ion batteries, lead-acid batteries, nickel-metal hydride batteries, and others. Lithium-ion batteries are gaining significant traction due to their high energy density and long life span, making them ideal for electric vehicles. Lead-acid batteries, on the other hand, are more cost-effective but are gradually being replaced by lithium-ion batteries in many applications. Nickel-metal hydride batteries are commonly used in hybrid vehicles for their energy efficiency.
Vehicle type segmentation includes electric vehicles and hybrid vehicles. With the increasing focus on sustainability and reducing carbon emissions, the demand for electric vehicles is rising, subsequently driving the traction battery market. Hybrid vehicles, which combine internal combustion engines with electric propulsion, also contribute to the growth of the traction battery market.
End-user segmentation comprises automotive, industrial, and others. The automotive sector is the primary consumer of traction batteries due to the surge in electric vehicle adoption worldwide. Industrial applications include material handling equipment, energy storage systems, and more. Other end-users encompass sectors utilizing electric or hybrid vehicles for various purposes, such as agriculture and construction.
**Market Players**
- LG Chem
- Panasonic Corporation
- Samsung SDI
- BYD Company Limited
- Johnson Controls
- Toshiba Corporation
- Contemporary Amperex Technology Co. Limited (CATL)
- GS Yuasa International Ltd.
- Hitachi Chemical Co. Ltd.
- East Penn Manufacturing Company
- Exide Industries Ltd.
- Saft
- Robert Bosch GmbH
Key players inThe traction battery market is highly competitive and is dominated by key players who drive innovation and technology advancements in the industry. LG Chem, a South Korean company, is a major player known for its high-quality lithium-ion batteries used in various applications, including electric vehicles and energy storage systems. Panasonic Corporation, a Japanese multinational electronics corporation, is another key player with a strong presence in the traction battery market, particularly in supplying batteries for electric vehicles. Samsung SDI, a subsidiary of Samsung Group, is a prominent player known for its expertise in battery technology and global market reach.
BYD Company Limited, a Chinese multinational conglomerate, has a significant presence in the traction battery market with its focus on electric vehicles and energy storage solutions. Johnson Controls, an American multinational conglomerate, is a key player offering a wide range of battery solutions for automotive and industrial applications. Toshiba Corporation, a Japanese multinational conglomerate, is known for its advanced battery technologies and robust research and development capabilities.
Contemporary Amperex Technology Co. Limited (CATL), a Chinese battery manufacturer, has emerged as a major player in the traction battery market, catering to the growing demand for electric vehicles globally. GS Yuasa International Ltd., a Japanese battery manufacturer, has a strong foothold in the market with a wide range of battery solutions for automotive and industrial applications. Hitachi Chemical Co. Ltd., a Japanese chemical company, specializes in producing advanced battery materials and technologies for various applications.
East Penn Manufacturing Company, an American battery manufacturer, is a key player in the traction battery market, offering a diverse portfolio of batteries for automotive and industrial uses. Exide Industries Ltd., an Indian storage battery manufacturer, has a strong presence in the market with its focus on providing high-quality batteries for different applications. Saft, a French battery manufacturer, is known for its innovative battery solutions for industrial and aerospace applications. Robert Bosch GmbH, a German multinational engineering and technology company, is a key player in the traction battery market with its emphasis on developing battery technologies**Segments**
Global Traction Battery Market, By Product Type (Lead Acid Based, Nickel Based, Lithium-Ion Based, and Others), Capacity (Less Than 100 Ah, 100-200 Ah, 200-300 Ah, 300-400 Ah, and 400 Ah and Above), Application Type (Heavy Industrial, Light Industrial and Commercial, Two Wheeler, Hybrid Car, Pure Electric Car, Mobility for the disabled, Golf Car, Military, Marine, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
The traction battery market segmentation based on battery type includes lithium-ion, lead-acid, nickel-metal hydride, and other batteries. Lithium-ion batteries are witnessing significant growth due to their high energy density, longer lifespan, and suitability for electric vehicles. Lead-acid batteries, although cost-effective, are gradually being replaced by lithium-ion batteries in various applications. Nickel-metal hydride batteries find common usage in hybrid vehicles due to their energy efficiency. The market segments based on vehicle type encompass electric vehicles
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Traction Battery Market Landscape
Part 04: Global Traction Battery Market Sizing
Part 05: Global Traction Battery Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Core Objective of Traction Battery Market:
Every firm in the Traction Battery Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
- Size of the Traction Battery Market and growth rate factors.
- Important changes in the future Traction Battery Market.
- Top worldwide competitors of the Market.
- Scope and product outlook of Traction Battery Market.
- Developing regions with potential growth in the future.
- Tough Challenges and risk faced in Market.
- Global Traction Battery top manufacturers profile and sales statistics.
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