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Lithium-Ion Industrial Traction Battery Market Share

Report ID: GMI8067
Published Date: Feb 2024
Report Format: PDF

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Lithium-Ion Industrial Traction Battery Market Share

Global Company Market Share Analysis, 2023

EXIDE INDUSTRIES LTD holds a significant stake in the lithium-ion industrial traction battery industry, renowned for its extensive expertise in designing and manufacturing various types of battery technologies. These include lithium-ion batteries, lead acid batteries, and more. With a history deeply entrenched in the battery technology sector, the company has successfully provided traction battery solutions spanning a wide range of EV, industrial, and others.

Lithium-Ion Industrial Traction Battery Market Companies

Some of the key companies operating across the lithium-ion industrial traction battery industry are:

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) :

The market size of lithium-ion industrial traction battery reached USD 5 billion in 2023 and is poised to witness 25.1% CAGR through 2032, led by the increasing electrification of transportation sector.

As of 2023, the market value of forklift segment surpassed USD 3.7 billion, and projections indicate a substantial growth through 2032, owing to enhanced energy efficiency.

North America market value is set to cross USD 5.8 billion by 2032, attributed to the widespread adoption of electric vehicles.

Amara Raja Batteries Ltd., Toshiba Corporation, 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 and Samsung SDI Co., Ltd.