Home > Energy & Power > Battery Technology > Traction Battery > Europe Industrial Traction Battery Market

Europe Industrial Traction Battery Market Share

Report ID: GMI9093
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

Europe Industrial Traction Battery Company Market Share

Major companies including Volkswagen, Northvolt, and other key automotive manufacturers are driving growth through investments in battery technologies and electric vehicle development. While specific market share data is not readily available, these companies are making significant strides in advancing the market.

Europe Industrial Traction Battery Market Companies

Some of the key market players operating across the Europe industrial traction battery industry are:

Amara Raja Batteries Ltd.
Ecovolta
ENERSYS
Exide Industries Ltd.
GS Yuasa Corporation
Hitachi Energy Ltd.
HOPPECKE Batteries GmbH & Co. KG
Johnson Controls International plc
LG Energy Solutions
MIDAC S.p.A.
Mutlu Corporation
Northvolt
Panasonic Corporation
Robert Bosch GmbH
Samsung SDI Co., Ltd
Toshiba Corporation
Volkswagen AG
XALT Energy

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

Europe industrial traction battery market size was USD 378.9 million in 2023 and is expected to register 14.4% CAGR from 2024-2032 owing to increasing demand for electric vehicles (EVs) and the need for more sustainable energy solutions in the region.

Europe industrial traction battery industry from the lithium-ion batteries segment is expected to exceed USD 850 million by 2032 due to their high energy density, extended cycle life, and enhanced safety features.

Germany industrial traction battery industry is expected to cross USD 270 million by 2032 due to a strong emphasis on innovation and sustainability, driving demand for advanced battery technologies in the country.

Exide Industries Ltd., LG Energy Solutions, MIDAC S.p.A., Mutlu Corporation, Northvolt, Panasonic Corporation, Robert Bosch GmbH, Samsung SDI Co., Ltd, Toshiba Corporation, Volkswagen AG, and XALT Energy, are some of the major industrial traction battery companies in Europe.