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Europe Traction Battery Market Share

Report ID: GMI8826
Published Date: Apr 2024
Report Format: PDF

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Europe Traction Battery Market Share

Europe Traction Battery Company Market Share Analysis, 2023

Hitachi, Toshiba and Panasonic are prominent players in this sector, offering a wide array of products to meet diverse application needs. Their dedication to innovation ensures the creation of high-quality, cutting-edge products that meet industry standards. Their emphasis on providing customized solutions and excellent service to ensure customer satisfaction reinforces their position in the traction battery market.

Europe Traction Battery Market Companies

Major companies operating in the Europe traction battery industry are:

Hitachi Energy Ltd.
Toshiba Corporation
Samsung SDI Co., Ltd.
Panasonic Corporation
LG Energy Solution
Ecovolta
Camel Group Co., Ltd
Mutlu Corporation
MIDAC S.p.A.
Amara Raja Batteries Ltd.
HOPPECKE Batteries GmbH & Co. KG
ENERSYS
EXIDE INDUSTRIES LTD.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of Europe traction battery was reached USD 18.7 billion in 2023 and is set to grow at 18.1% CAGR up to 2032, driven by a surge in demand for electric vehicles (EVs).

Europe traction battery market from the lithium-ion battery chemistry segment is set to exceed USD 56.5 billion by 2032, owing to its properties such as higher energy density and longer lifespan.

Germany traction battery market is set to surpass USD 19.5 billion by 2032, owing to a robust R&D infrastructure, with significant investments in battery technology.

Hitachi Energy Ltd., Toshiba Corporation, Samsung SDI Co., Ltd., Panasonic Corporation, LG Energy Solution, Ecovolta, Camel Group Co., Ltd, Mutlu Corporation and MIDAC S.p.A among others.