Electric Vehicle Traction Battery Market

Traction batteries, also known as electric vehicle batteries (EVB), are used to power electric or hybrid vehicles. The main focus of the traction battery design is the need for high capacity weight and volume ratios as the vehicle must also carry its power source. Traction batteries often undergo deep cycles and typically require fast charging within 24 hours. Typical applications are the power of forklifts and electric carts. Traction batteries are typically designed with a tubular plate for better performance in deep cycle operation.
Electric Vehicle Traction Battery Market contains market size and forecasts of Electric Vehicle Traction Battery in global, including the following market information:
Global Electric Vehicle Traction Battery Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Electric Vehicle Traction Battery Market Sales, 2017-2022, 2023-2028, (MWh)
Global top five Electric Vehicle Traction Battery companies in 2021 (%)
The global Electric Vehicle Traction Battery market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Open Lead Acid Battery Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Electric Vehicle Traction Battery include Panasonic, CATL, BYD, GS Yuasa, LG Chem, East Penn Manufacturing, Enersys, Hitachi Chemical and BAE Batterien, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
surveyed the Electric Vehicle Traction Battery manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electric Vehicle Traction Battery Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MWh)
Global Electric Vehicle Traction Battery Market Segment Percentages, by Type, 2021 (%)
Open Lead Acid Battery
Pure Lead Battery
Gel Battery
Lithium-Ion Battery
Global Electric Vehicle Traction Battery Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MWh)
Global Electric Vehicle Traction Battery Market Segment Percentages, by Application, 2021 (%)
Industrial Electric Vehicles
Recreational Electric Vehicles
Global Electric Vehicle Traction Battery Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MWh)
Global Electric Vehicle Traction Battery Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electric Vehicle Traction Battery revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Electric Vehicle Traction Battery revenues share in global market, 2021 (%)
Key companies Electric Vehicle Traction Battery sales in global market, 2017-2022 (Estimated), (MWh)
Key companies Electric Vehicle Traction Battery sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Panasonic
CATL
BYD
GS Yuasa
LG Chem
East Penn Manufacturing
Enersys
Hitachi Chemical
BAE Batterien
Gotion
Lishen
TAB
CSICP
Clarios
Microtex
Zibo Torch Energy
LEOCH