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Industrial Traction Battery Market Share

  • Report ID: GMI5786
  • Published Date: May 2023
  • Report Format: PDF
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Industrial Traction Battery Market Share

Some of the key manufacturers operating across the industrial traction battery industry are

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

These players focus on new product launch & commercialization through mergers and strategic partnerships. Moreover, these industry leaders are increasingly investing in research & development activities, which enable them to introduce innovative products and garner maximum revenue in the market.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of industrial traction battery exceeded USD 3.59 billion in 2023 and will register 14.5% CAGR during 2024 to 2032, with increased government laws & regulations to support the production & sale of industrial electric vehicles to reduce emissions.

The forklift segment will register gains at nearly 15.2% up to 2032, as a result of continuous government support and regulations for the deployment of EVs by various authorities.

The market size of nickel-based industrial traction battery will cross USD 750 million by 2032, owing to the increasing deployment of electric industrial trucks due to favorable policy mandates.

North America industrial traction battery market revenue to surpass USD 1.45 billion by 2032, on account of the growing industrial preference for electric forklifts and the increasing acceptance of EVs in the region.

Major manufacturers of industrial traction battery are Hitachi Energy Ltd., Toshiba Corporation, Samsung SDI Co., Ltd., Panasonic Corporation, LG Energy Solution, ecovolta, Camel Group Co., Ltd., Mutlu Corporation, among others.

Industrial Traction Battery Market Scope

  • Industrial Traction Battery Market Size
  • Industrial Traction Battery Market Trends
  • Industrial Traction Battery Market Analysis
  • Industrial Traction Battery Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 13
    • Tables & Figures: 355
    • Countries covered: 24
    • Pages: 232
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