Traction Battery Market, Share, Growth and Analysis by Demand, Forecast, Market Challenges

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Traction Battery Market, Share, Growth and Analysis by Demand, Forecast, Market Challenges 2023
KEY MARKET INSIGHTS The traction battery market was valued at USD 1.5 Bn in 2021. The market is projected to grow USD 2.6 Bn in 2028, at a CAGR of 13.6%. A traction battery is a type of electric car battery with a large ampere-hour capacity. Forklift trucks, locomotives, and mechanical handling equipment are all examples of Applications for lead acid traction batteries. Get a Sample PDF of the reporthttps://www.extrapolate.com/sample/Energy-and-Power /traction-battery-market/25704
INDUSTRY PLAYERS · BAE Batteries GmbH · Banner Batteries (GB) Ltd. · ECOVOLTA · Exide Industries Ltd. · GS Yuasa International Ltd. · HOPPECKE Carl Zoellner & Sohn GmbH · Inci Aku · INTILION GmbH · Leoch International Technology Limited Inc · Toshiba Corporation · Others

REGIONAL INSIGHTS

The global traction battery market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Europe region is dominating the market share of global traction battery market owing to rising electric vehicle sales and strict targets to cut carbon emissions in the automobile sector.

The recent announcements in France and the United Kingdom to phase out conventional gasoline and diesel cars by 2040 will improve regional growth rates, giving the industry enormous growth potential.

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