EV-traction Batteries Market
EV-traction Batteries Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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EV-traction Batteries Market Size and Growth
The EV-traction batteries market is experiencing robust growth, driven by the increasing demand for electric vehicles. The global market size is projected to reach approximately $50 billion by 2025, influenced by advancements in battery technology, government incentives, and a shift towards sustainable energy solutions. Competitive dynamics are reshaping the industry landscape.
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Companies Covered
(Covid 19 Impact Covered)
◍ Panasonic
◍ CATL
◍ LG Chem
◍ BYD
◍ GS Yuasa
◍ Gotion
◍ CSICP
◍ Lishen
◍ East Penn Manufacturing
◍ Clarios
◍ Enersys
The EV-traction batteries market features key players like Panasonic, CATL, LG Chem, and BYD, driving innovation and production. These companies enhance market growth through advanced technologies and partnerships. Notable sales revenues include:
- CATL: Approx. $10.3 billion
- LG Chem: Around $7.1 billion
- BYD: Estimated $4.6 billion.
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Market Segmentation
By Application
Industrial Vehicles
Recreational Vehicles
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By Product
Open Lead Acid Battery
Pure Lead Battery
Gel Battery
Lithium-Ion Battery
Market Growth
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$ X Billion USD
