The Traction Battery Market Report 2022-2032: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.

Traction Batteries have a wide range of applications in terms of market driving factors
Traction batteries are used in electric forklift trucks, electric tractors, large industrial cleaning machines, aerial platforms, and other heavy industrial electrical applications. Many 2V cells make comprise a traction battery. When the cells are connected in series, higher voltages are obtained. A traction battery with a voltage of 24 volts has 12 cells, a 48 volts battery has 24 cells, and an 80 volts battery has 40 cells. To recharge a battery, an external voltage source must be utilised to elevate the cell voltage over 2 volts.

Traction Batteries for EV and HEV Applications are an opportunity factor
Traditional traction applications have relied on lead acid batteries, but their limitations, combined with the high cost of alternatives, have limited the number of potential battery-powered traction applications. A normal family automobile would require a 40 KWh Lead Acid battery to offer a one-way range of 200 miles, and a 40 KWh Lead Acid battery weighs 1.5 tonnes.

Traction batteries are very expensive
Traction batteries are quite expensive, and they, like other batteries, degrade over time. Customers demand a certain degree of performance even at the end of a battery’s life, therefore the buyer is more likely to specify the expected performance at the end of life (EOL) rather than the beginning of life (BOL) (BOL). In most cases, the EOL capacity for EV applications is stated to be at least 80% of the BOL capacity. Internal impedance change is frequently employed as a lifetime indication in HEV applications. Because the battery is the only source of power in an electric vehicle, it must be sized to provide that power on a more or less constant basis.

The Ukraine situation may prove to be a speed breaker for the electric car revolution
Electric vehicle (EV) manufacturers are in for a bumpier ride in the future, as the current geopolitical turmoil in Ukraine - a country with a large store of the critical battery material lithium – might cause lithium battery prices to skyrocket. Auto companies, including electric vehicle manufacturers, have already begun to experience supply chain disruptions as a result of the ripple effects of Russia’s invasion of Ukraine, despite the fact that they are still dealing with the double whammy of the Covid pandemic and chip shortage. Because supplies of critical battery materials like lithium do not match actual demand, the Ukraine situation may prove to be a speed breaker for the electric car revolution, at least in the short to medium term.

What Are These Questions You Should Ask Before Buying A Market Research Report?

  • How is the traction battery market evolving?
  • What is driving and restraining the traction battery market?
  • How will each traction battery submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2032?
  • How will the market shares for each traction battery submarket develop from 2022 to 2032?
  • What will be the main driver for the overall market from 2022 to 2032?
  • Will leading traction battery markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
  • How will the market shares of the national markets change by 2032 and which geographical region will lead the market in 2032?
  • Who are the leading players and what are their prospects over the forecast period?
  • What are the traction battery projects for these leading companies?
  • How will the industry evolve during the period between 2020 and 2032? What are the implication of traction battery projects taking place now and over the next 10 years?
  • Is there a greater need for product commercialisation to further scale the traction battery market?
  • Where is the traction battery market heading? And how can you ensure you are at the forefront of the market?
  • What can be the best investment options for new product and service lines?
  • What are the key prospects for moving companies into a new growth path? C-suite?

You need to discover how this will impact the traction battery market today, and over the next 10 years:

  • Our 500-page report provides 350 tables and 329 charts/graphs exclusively to you.
  • The report highlights key lucrative areas in the industry so you can target them – NOW.
  • Contains in-depth analyse of global, regional and national sales and growth
  • Highlights for you the key successful trends, changes and revenue projections made by your competitors

This report tells you TODAY how the traction battery market will develop in the next 10 years, and in-line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

Forecasts to 2032 and other analyses reveal the commercial prospects

  • In addition to revenue forecasting to 2032, our new study provides you with recent results, growth rates, and market shares.
  • You find original analyses, with business outlooks and developments.
  • Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising traction battery prices and recent developments.

This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, V, L, W and U are discussed in this report.

Global Traction Battery Market (COVID Impact Analysis) by Capacity

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

Global Traction Battery Market (COVID Impact Analysis) by Application

  • Electrical Vehicle (EV)
  • Plug-in Hybrid Electrical Vehicles (PHEV)
  • Industrial Application
  • Mechanical Handling Equipment
  • Locomotives
  • Other Application

Global Traction Battery Market (COVID Impact Analysis) by Product Type

  • Lead Acid Based
  • Nickel Based
  • Lithium-ion Based
  • Other Product Type