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Bolt-on Industrial Traction Battery Market Share

Report ID: GMI9600
Published Date: May 2024
Report Format: PDF

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Bolt-on Industrial Traction Battery Market Share

Bolt-on Industrial Traction Battery Market Company Share Analysis, 2023

Companies like LG Energy, Samsung, and Panasonic hold significant market share in the bolt-on industrial traction battery industry due to their technological leadership, extensive manufacturing capabilities, and strong R&D investments. They consistently innovate, offering high-performance lithium-ion batteries with superior energy density, faster charging, and enhanced safety features.

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, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size for bolt-on industrial traction battery was valued at USD 2.6 billion in 2023 and is anticipated to grow at 15% CAGR during 2024- 2032, due to advances in battery technology, particularly lithium-ion batteries.

The lithium-ion battery segment of the bolt-on industrial traction battery market is poised to cross USD 6.2 billion by 2032, owing to its higher energy density.

Asia Pacific will surpass USD 7.2 billion by 2032, due to significant industrial growth and urban development.

Amara Raja Batteries Ltd., Aliant Battery, BYD Co., Ltd., Camel Group Co., Ltd, EXIDE INDUSTRIES., ecovolta, ENERSYS, and Farasis Energy among others.