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Lead Acid Industrial Traction Battery Market Share

Report ID: GMI9078
Published Date: Apr 2024
Report Format: PDF

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Lead Acid Industrial Traction Battery Market Share

Global Lead Acid Industrial Traction Battery Company Market Share, 2023

EXIDE INDUSTRIES LTD is a prominent player in the market, recognized for its substantial expertise in the design and production of diverse battery technologies. The company offers a comprehensive range of battery solutions, including lithium-ion batteries and lead acid batteries, among others. With a rich history deeply rooted in the battery technology sector, EXIDE INDUSTRIES LTD has effectively delivered traction battery solutions tailored to a broad spectrum of applications, including electric vehicles (EVs), industrial uses, and beyond.

Lead Acid Industrial Traction Battery Market Companies

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

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

Lead acid industrial traction battery industry size recorded USD 1.04 billion in 2023 and is expected to depict 10.9% CAGR from 2024 to 2032, due to the increasing demand for electric EVs and HEVs in material handling, mining, and logistics sectors.

The forklift application segment in the market is estimated to accumulate over USD 1.85 billion by 2032, owing to the superior energy efficiency and function of lead acid batteries without any reliance on combustion fuel.

Asia Pacific lead acid industrial traction battery industry is expected to be worth over USD 1.93 billion by 2032, due to the increasing emphasis on sustainability and renewable energy sources.

Amara Raja Batteries Ltd., Camel Group Co., Ltd., Ecovolta, ENERSYS, EXIDE INDUSTRIES LTD, Hitachi Energy Ltd., HOPPECKE Batteries GmbH & Co. KG, LG Energy Solution, MIDAC S.p.A., Mutlu Corporation, Panasonic Corporation, Samsung SDI Co., Ltd., and Toshiba Corporation are some of the major lead acid industrial traction battery companies worldwide.