Traction Battery Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global traction battery market size is expected to reach USD 69.2 billion by 2030 from USD 31.6 billion in 2020, growing at a CAGR of 8% from 2022 to 2028. Global traction battery industry growth. The industry is driven primarily by favorable government policies and tax incentives to promote EVs. In addition, the sharp drop in battery cost and increased investment by major automakers in battery technology will further support the market trend. Tesla, the largest automaker in the US, based in the Gigafactory, plans to increase its annual battery production capacity to 35 GWh by 2020.

Market Segmentation

By Product Type

• Lead Acid based
• Nickel based
• Lithium-ion based
• Others

By Capacity

• Less than 100 Ah
• 100 – 200 Ah
• 200 Ah – 300 Ah
• 300 – 400 Ah
• 400 Ah & above

By Application

• Electrical Vehicle (EV)
• Battery Electrical Vehicles (BEV)
• Plug-in Hybrid Electrical Vehicles (PHEV)
• Hybrid Electric Vehicles (HEV)
• Industrial
• Forklift
• Mechanical Handling Equipment
• Others
• Locomotives
• Others

By Company

• Haze Batteries Europe Ltd.
• Banner Batterien
• Midac S.P.A.
• BAE Batterien GmbH
• Amara Raja
• Chaowei Power Holdings Limited
• First National Battery
• Accumulatorenwerke HOPPECKE Carl Zoellner& Sohn GmbH
• Coslight Technology International Group.

Growth Drivers:              

• Dynamic Uptake of Electric vehicles
• Growing Demand for electric forklifts
• Enhanced battery capacity and reducing costs
• Favorable Government Policies & Tax Incentives

Scope of the Report

The research study analyses the global Automotive Brake Line industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Key Questions Answered by Military Optronics Surveillance and Sighting Systems Market Report

• What was the Military Optronics Surveillance and Sighting Systems Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Military Optronics Surveillance and Sighting Systems Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Military Optronics Surveillance and Sighting Systems Market was the market leader in 2021?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.