Electric Vehicle Traction Batteries
Market
Electric Vehicle Traction Batteries Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Electric Vehicle Traction Batteries Market Size and Growth
The Electric Vehicle Traction Batteries market is experiencing significant growth, driven by increased EV adoption and technological advancements. As of 2023, the market size is valued at approximately $20 billion, with a projected CAGR of over 20% through 2030. Key factors include regulatory support and the shift towards sustainable energy solutions.
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Companies Covered
(Covid 19 Impact Covered)
◍ LG Chem
◍ BYD
◍ GS Yuasa
◍ Panasonic
◍ Gotion
◍ Clarios
◍ Enersys
◍ Exide Industries Limited
◍ CSICP
◍ Lishen
◍ East Penn Manufacturing
◍ Contemporary Amperex Technology Limited (CATL)
The Electric Vehicle Traction Batteries Market is highly competitive, featuring key players like LG Chem, BYD, and CATL, which innovate in battery technology and production efficiency. They drive market growth through advancements in energy density and scalability, responding to rising EV demand.
- LG Chem: ~USD 23 billion
- BYD: ~USD 23 billion
- Panasonic: ~USD 7 billion
- CATL: ~USD 18 billion
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Market Segmentation
By Application
Electric Car
Electric Truck
Electric Bus
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By Product
Open Lead Acid Battery
Pure Lead Battery
Gel Battery
Lithium-Ion Battery
Market Growth
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$ X Billion USD
