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Asia Pacific Bolt on Industrial Traction Battery Market Share

Report ID: GMI10796
Published Date: Aug 2024
Report Format: PDF

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Asia Pacific Bolt on Industrial Traction Battery Market Share

Asia Pacific Bolt on Industrial Traction Battery Company Market Share Analysis, 2023

Companies like Panasonic, Hitachi, and LG hold significant market share in the Asia Pacific bolt on industrial traction battery industry, due to their advanced battery technologies, strong manufacturing capabilities, and extensive R&D investments. Their lithium-ion batteries offer superior performance, longer life, and faster charging, which are crucial for industrial applications. Additionally, these companies benefit from established supply chains, strategic partnerships, and strong local market presence, enabling them to effectively meet the growing demand for high-quality traction batteries across diverse industrial sectors.

Asia Pacific Bolt on Industrial Traction Battery Market Companies

Amara Raja Batteries Ltd.
Aliant Battery
BYD Co., Ltd.
Camel Group Co., Ltd
EXIDE INDUSTRIES.
ecovolta
ENERSYS
Farasis Energy
Guoxuan High-tech Power Energy Co., Ltd.
HOPPECKE Batteries GmbH & Co. KG
Hitachi Energy Ltd.
LG Energy
Mutlu Corporation
MIDAC S.p.A.
Panasonic Corporation
Samsung
Sunwoda Electronic Co., Ltd.
Toshiba Corporation

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

Asia Pacific market for bolt on industrial traction battery was worth over USD 1.9 billion in 2023 and is expected to register 15.8% CAGR from 2024 to 2032, owing to increasing industrial automation, rising demand for electric vehicles (EVs), and advancements in battery technology in the region.

Asia Pacific bolt on industrial traction battery market from the lithium-ion segment is expected to surpass USD 4.6 billion by 2032, due to offering superior energy density, longer cycle life, and faster charging capabilities compared to traditional lead-acid batteries.

China bolt on industrial traction battery industry is set to reach over USD 6.4 billion by 2032, due to ongoing industrialization and urbanization that drive significant demand for efficient material handling solutions in the country.

ecovolta, HOPPECKE Batteries GmbH & Co. KG, Hitachi Energy Ltd., LG Energy, Mutlu Corporation, MIDAC S.p.A, Panasonic Corporation, Samsung, Sunwoda Electronic Co., Ltd., and Toshiba Corporation, are some of the major bolt on industrial traction battery companies in Asia Pacific.