Automotive Traction Battery Market Automotive Traction Battery Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031 Request Sample Report
Automotive Traction Battery Market Size and Growth
The global Automotive Traction Battery market is experiencing significant growth due to increasing demand for electric vehicles. The market size is projected to reach $72.97 billion by 2027, with a compound annual growth rate of 10.7% from 2020 to 2027. Technological advancements and government initiatives are driving market growth.
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Companies Covered (Covid 19 Impact Covered)
◍ Panasonic
◍ LG Chem
◍ BYD
◍ Samsung SDI
◍ Johnson Controls
◍ GS Yuasa
◍ Hitachi Group
◍ Automotive Energy Supply
◍ Blue Energy
◍ Lithium Energy Japan
◍ Bosch
◍ Wanxiang
◍ Beijing Pride Power
The Automotive Traction Battery Market is highly competitive with key players such as Panasonic, LG Chem, BYD, Samsung SDI, and Johnson Controls. These companies focus on innovating and expanding their product offerings to meet the growing demand for electric vehicles.
- Panasonic: $15.9 billion
- LG Chem: $9.2 billion
- Samsung SDI: $7.4 billion
- Johnson Controls: $6.3 billion
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Market Segmentation
By Application By Product
◍ Lead-acid Battery
◍ Lithium Battery
◍
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PHEV
Others ◍ BEV ◍
$ X Billion USD
Market Growth
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