Traction Battery Market Analysis – 2031 | Size, Share ,Growth Analysis, Trends, Growth Opportunity And Overview| The Business Research Company

The Traction Battery Global Market Report 2021-31 by The Business Research Company describes and explains the global traction battery market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.

The Traction Battery Global Market Report 2022 covers traction battery market drivers, traction battery market trends, traction battery market segments, traction battery market growth rate, traction battery market major players, and traction battery market size.

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The traction battery market report provides in-depth analysis of the impact of COVID-19 on the global traction battery industry along with revised market numbers due to the effects of the coronavirus and the expected traction battery market growth numbers for 2022-2031.

The global traction battery market is expected to grow from $27.61 billion in 2021 to $31.88 billion in 2022 at a compound annual growth rate (CAGR) of 15.5%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The traction battery market is expected to reach $52.29 billion in 2026 at a CAGR of 13.2%.

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 Traction Battery Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

TBRC’s report covers the traction battery market segments-
1) By Product Type: Lead Acid Based, Li-Ion Based, Nickel Based, Others

2) By Capacity: Less than 100 Ah, 100 – 200 Ah, 200 – 300 Ah, 300 – 400 Ah, 400 Ah and Above

3) By Application: Electrical Vehicle (EV), Hybrid Electric Vehicle (HEV), Industrial, Forklift, Mechanical Handling Equipment, Others

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