Traction battery market size, demand & global opportunity analysis outlook 2021

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Global Traction Battery Market Outlook:

Industry Insights & Opportunity Evaluation,

2015-2021


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Global Traction Battery Market Overview

Traction batteries are electric devices which are used to

power battery operated electric vehicles. These batteries

are recyclable and thus, are in great demand from various

sectors such as automobile, manufacturing, etc.

The global traction batteries market is projected to reach

USD 56 Billion in coming 7-10 years. Geographically, the

global traction batteries market is segmented into North

America, Latin America, Western and Eastern Europe,

Asia-Pacific and rest of world.

Market Segmentation

By Application

Based on application, the global traction battery market

can be segmented into heavy, light and commercial

vehicles, hybrid cars, electric cars, etc.

By Product

On the basis of products type, the global traction battery

market is divided as lead-Acid, NiCad, Lithium ion and

others.

Growth Drivers and challenges

Rising popularity of rechargeable hybrid & electric cars

and expansion of automotive sector in some of the major


countries are two factors which are expected to drive the

global traction battery market in future.

However, high cost of traction batteries and limitations on

use of lead-acid traction battery are projected to dampen

the growth of global traction battery market over the

forecast period.

Market Size and Forecast

Regionally, North America dominated the global traction

battery market in 2015 followed by Europe. The U.S. is the

largest traction battery market in North America followed

by Canada.

Europe holds the second largest traction battery market

behind North America but expected that the region may be

surpassed by Asia-Pacific in next five years of time. The

traction battery market in the region is propelled by

inclination of major auto-players towards manufacturing

hybrid and electric power vehicles. The market is also

sparked by upsurge of automobile sector in some of the

major European countries such as the U.K., Germany,

Italy, Spain and France.

Asia-Pacific traction battery market is likely to get fuelled

from strengthening of economy and rising foreign

investments in automobile sector of some of the major

countries such as India, China and Japan.


Key Players

The global traction battery market is very competitive and

includes some of the top players such as Panasonic, GE

USA, Mitsubishi/GS Yuasa, ACCUmotive GmbH,

Samsung, Bater, B.B.Battery, Fiske, LG Chem, etc.

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

North America (U.S., Canada)

Latin America (Mexico, Brazil, Rest of Latin America)

Western and Eastern Europe (Germany, Italy, Spain,

France, U.K, Benelux, Hungary, Rest Of Western

Europe, Russia Poland, Rest of Eastern Europe)

Asia-Pacific (China, India, Singapore, Japan, Australia

& New Zealand & Rest of Asia)

Rest of World

Segmentation

By Application

By Type

By Geography

Market Dynamics


Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their

Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in

current dynamic environment


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Traction battery market size, demand & global opportunity analysis outlook 2021