Traction Battery Market 2019 Industry Share, Size, Gross Margin, Trend, Future Demand, Forecast 2024

Global Market Insights recently introduced report on global Traction Battery Market report is an in-depth study providing complete analysis of the industry for the period 2018 to 2024. It provides complete overview of the industry considering all the major industry trends, market dynamics and competitive scenario.

In the last few years, traction battery market has depicted a commendable growth with the increasing importance of emission-free and renewable energy sources. Owing to the adverse impact of fossil fuel based vehicular systems on the environment along with the growing carbon content in the atmosphere, many countries have taken to develop a strict regulatory framework. In addition, the depletion of fossil fuel sources has also encouraged many regional governments to become more dependent on renewables. The rising significance of energy efficiency has thus stimulated the use of EVs that have been significantly impelling traction battery industry trends.

Get sample copy of this research report @

Speaking along the same lines, the well-known European automaker, Daimler has also signed a product supply contract with a Chinese company a couple of weeks earlier. Through this contract, the China-based Kaizhong Precision Technology will deliver structural components for Daimler’s traction battery packs. German carmakers have also set a target to terminate the sales of combustion engine vehicles by the end of 2030 – another factor that would turn out to be quite beneficial for the contributors in traction battery market.

In Traction Battery Market the increasing deployment of electric trains for energy efficiency, emissions, and noise free operations has had a positive influence on traction battery industry trends. Accordingly, prominent contenders have commenced the development of a new range of batteries endowed with higher capacities. Recently, ABB has launched a new traction technology for rail operators that leads to more energy savings, in turn, making rail transportation more sustainable. The Swiss train manufacturer, Stadler has also offered USD 100 million to ABB for improving rail operations and making them more energy efficient mainly across Europe and U.S. It is thus rather discernible that heavy investments in electric infrastructure development will generate lucrative opportunities for the players in traction battery market.

Make an inquiry for purchasing this report @

In addition to Germany traction battery market, other leading economies comprising France and UK have also decided to end the sales of conventional vehicles by 2040. The supportive regulatory initiatives set by the regional governments will thus boost Europe traction battery market size over the years ahead. Incidentally, Europe traction battery market size was pegged at USD 6 billion in 2017.

Regionally, China and India are also striving to develop an electric transportation infrastructure with the implementation of electric vehicle policies that will impel APAC traction battery market share. As per estimates, APAC traction battery market share is slated to register a CAGR of 11% over 2018-2024. The Chinese government is taking more aggressive steps to increase the sales of EVs – apparently, the government has commenced a consumer subsidy program that has resulted in an upsurge in the adoption of EVs. The increasing rate of electric vehicle development and the subsequent growth in its sales are poised to propel traction battery market across China.

Browse Complete Summary of this report @

With the gradually developing e-vehicle infrastructure across the globe, giants in traction battery market have been focusing on the development of next-generation batteries that will help them gain competitive benefits. Tesla is one of those companies which is continuously investing in research and development activities to invent new ranges of batteries for future. As of now, with its Japanese counterpart, Panasonic Corp, Tesla is looking forward to developing cost-effective and eco-friendly batteries with the surging demand for electric cars across the globe.

In the future, the increasing deployment of EVs and railroad transportation across the globe will certainly generate considerable demand for traction battery aftermarket. In accordance, tech giants are looking forward to establishing advanced battery infrastructure that will help them combat the rising demand and emerge as industry leaders. Powered by the shifting focus of regulatory bodies toward eco-friendly rail-road transportation, traction battery market size is anticipated to be pegged at an appreciable USD 65 billion by the end of 2024.

Partial Table of Contents (ToC) of the report:

Chapter 4  Traction Battery Market, By Application

4.1   market revenue share by application, 2017 & 2024

4.2  Electric vehicle

4.2.1  Global  market by electric vehicle, 2013 – 2024

4.2.2  Global  market by electric vehicle, by region, 2013 – 2024

4.2.3  Battery electric vehicle (BEV)   Global  market by BEV, 2013 – 2024   Global  market by BEV, by region, 2013 – 2024

4.2.4  Plug-in hybrid electric vehicle (PHEV)   Global  market by PHEV, 2013 – 2024   Global  market by PHEV, by region, 2013 – 2024

4.2.5  Electric vehicle  market, by chemistry

4.2.6  Li-ion   Global  market by Li-ion, 2013 – 2024

4.2.7  Ni-MH   Global  market by Ni-MH, 2013 – 2024

4.2.8    Others   Global  market by others, 2013 – 2024

4.2.9    Electric vehicle  market, by capacity

4.2.10    0-20 kWh Global  market by 0-20 kWh, 2013 – 2024

4.2.11    21-60 kWh Global  market by 21-60 kWh, 2013 – 2024

4.2.12    61-90 kWh Global  market by 61-90 kWh, 2013 – 2024

4.2.13    Above 90 kWh Global  market by Above 90 kWh, 2013 – 2024

4.3  Industrial

4.3.1    Global  market by industrial, 2013 – 2024

4.3.2    Global  market by industrial, by region, 2013 – 2024

4.3.3    Forklift   Global  market by forklift, 2013 – 2024   Global  market by forklift, by region, 2013 – 2024   Class 1 Global  market by class 1, 2013 – 2024 Global  market by class 1, by region, 2013 – 2024   Class 2 Global  market by class 2, 2013 – 2024 Global  market by class 2, by region, 2013 – 2024   Class 3 Global  market by class 3, 2013 – 2024 Global  market by class 3, by region, 2013 – 2024

4.3.4    Railroad   Global  market by railroad, 2013 – 2024   Global  market by railroad, by region, 2013 – 2024

4.3.5    Others   Global  market by others, 2013 – 2024   Global  market by others, by region, 2013 – 2024

4.3.6    Industrial  market, by chemistry

4.3.7    Lead Acid   Global market by lead acid, 2013 – 2024

4.3.8    Li-ion   Global market by Li-ion, 2013 – 2024

4.3.9    Nickel based   Global market by nickel based, 2013 – 2024

4.3.10    Others Global market by others, 2013 – 2024

4.4  E-bike

4.4.1    Global  market by e-bike, 2013 – 2024

4.4.2    Global  market by e-bike, by region, 2013 – 2024

4.4.3    E-Scooter   Global  market by e-scooter, 2013 – 2024

4.4.4    E-Motorcycle   Global  market by e-motorcycle, 2013 – 2024

4.4.5    E-bikes  market, by chemistry

4.4.6    Lead Acid   Global market by lead acid, 2013 – 2024

4.4.7    Li-ion   Global market by Li-ion, 2013 – 2024

4.4.8    Nickel based   Global market by nickel based, 2013 – 2024

Chapter 5   market, By Chemistry

5.1   market revenue share by chemistry, 2017 & 2024

5.2  Lead Acid

5.2.1  Global market by lead acid, 2013 – 2024

5.2.2  Global market by lead acid, by region, 2013 – 2024

5.3  Li-ion

5.3.1  Global market by Li-ion, 2013 – 2024

5.3.2  Global market by Li-ion, by region, 2013 – 2024

5.4  Nickel based

5.4.1  Global market by nickel based, 2013 – 2024

5.4.2  Global market by nickel based, by region, 2013 – 2024

5.5  Others

5.5.1  Global market by others, 2013 – 2024

5.5.2  Global market by others, by region, 2013 – 2024

Browse complete table of content of this report @

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.