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

Industrial Traction Battery Market Share

Report ID: GMI5786
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Industrial Traction Battery Market Share

Companies such as LG Energy, Samsung, and Panasonic dominate the industrial traction battery industry due to their extensive manufacturing capabilities, technological leadership, and substantial investments in research and development. They continuously innovate, providing high-performance lithium-ion batteries with superior energy density, faster charging capabilities, and enhanced safety features.

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 of industrial traction battery was reached USD 3.6 billion in 2023 and is anticipated to grow at 15.6% CAGR through 2032, driven by the aacceleration in EV adoption.

The lead acid segment in the industrial traction battery market is set to exceed USD 2.5 billion by 2032 due to their cost-effectiveness, reliability, and established supply chain infrastructure.

Asia Pacific industrial traction battery market is projected to cross USD 10.8 billion by 2032 attributed to the rapid uptake of electric vehicles, including forklifts and other industrial vehicles.

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., and LG Energy among others.