Market Overview:
The global traction lithium batteries market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and rising concerns over environmental pollution. The global traction lithium batteries market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into LiCoO2 battery, NMC battery, LiFePO4 battery, and other types. The LiCoO2 battery segment accounts for a major share of the global traction lithium batteries market owing to its high energy density and long life cycle. However, with technological advancements in this field such as development of high-voltage NMC cells by Tesla Motors Inc., this scenario may change in future. On the basis of application, forklift trucks account for a major share of the global traction lithium batteries market followed by stackers and electric tractors.
Product Definition:
A traction lithium battery is a type of rechargeable battery that is specifically designed for use in electric vehicles. Traction batteries are typically more expensive than other types of batteries, but they offer a number of advantages, including high power density, long life cycle, and low self-discharge rate.
LiCoO2 Battery:
LiCoO2 is a lithium cobalt oxide battery, which is used in applications such as cordless power tools, portable hand held devices and electric vehicles. It offers several advantages over traditional batteries such as high charge density, low self-discharge rate and long life span.
The key driver for LiCoO2 batteries growth in traction lithium batteries market will be the growing penetration of EV's globally.
NMC Battery:
NMC (Lithium Manganese Cobalt) battery is a rechargeable battery with high energy density. It has the ability to provide higher power output and longer life cycle than other batteries such as Li-ion, NiCd & NiMH batteries. NMC offers several benefits over conventional ones owing to its chemical composition which includes high charge density, low self-discharge rate & excellent thermal stability.
Application Insights:
The global traction lithium batteries market has been segmented on the basis of application into forklift, stackers, electric tractors, and others. The electric tractors segment is expected to witness significant growth over the forecast period owing to its high power density and ability to provide extended range. Traction batteries are used in a variety of applications including industrial machinery, construction equipment, material handling equipment among others.
The other application category includes energy storage systems as well as consumer electronics such as smartphones and laptops among others that use rechargeable battery packs for their operation. Increasing demand for such products from various end-use industries is expected drive growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large presence of players such as Amperex Technology Limited, LG Chem, and Samsung SDI. These companies are focusing on expanding their production capacities by acquiring or building new plants in countries such as China, India, South Korea, Thailand Japan. This will help them meet growing demand from end-use industries such as construction & infrastructure; transportation & logistics; manufacturing; oil & gas etc.
The Asia Pacific regional market is anticipated to be driven by rising industrialization coupled with increasing government investments for developing smart cities initiative across major economies including China and India among others.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in demand for traction lithium batteries.
- Growing popularity of energy storage systems: Energy storage systems are becoming increasingly popular due to the increasing need for grid stability and renewable energy integration. This will lead to an increase in demand for traction lithium batteries.
- Rising investment in smart grids: Smart grids are being increasingly adopted as they help reduce wastage, optimize resources, and improve grid reliability and efficiency. This will lead to an increase in demand for traction lithium batteries used in smart grids applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Traction Lithium Batteries Market Research Report
By Type
LiCoO2 Battery, NMC Battery, LiFePO4 Battery, Other
By Application
Forklift, Stackers, Electric Tractors, Others
By Companies
Johnson Controls, A123, EnerSys, Hoppecke, Exide Technologies, Sebang, GS Yuasa Corp, Elithion, Saft, East Penn Manufacturing, SYSTEMS SUNLIGHT, Tianneng Battery Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Traction Lithium Batteries Market Report Segments:
The global Traction Lithium Batteries market is segmented on the basis of:
Types
LiCoO2 Battery, NMC Battery, LiFePO4 Battery, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Forklift, Stackers, Electric Tractors, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson Controls
- A123
- EnerSys
- Hoppecke
- Exide Technologies
- Sebang
- GS Yuasa Corp
- Elithion
- Saft
- East Penn Manufacturing
- SYSTEMS SUNLIGHT
- Tianneng Battery Group
Highlights of The Traction Lithium Batteries Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LiCoO2 Battery
- NMC Battery
- LiFePO4 Battery
- Other
- By Application:
- Forklift
- Stackers
- Electric Tractors
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Traction Lithium Batteries Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Traction lithium batteries are a type of rechargeable battery that is designed for electric vehicles. They have a higher energy density than other types of batteries, which makes them ideal for use in electric cars.
Some of the major players in the traction lithium batteries market are Johnson Controls, A123, EnerSys, Hoppecke, Exide Technologies, Sebang, GS Yuasa Corp, Elithion, Saft, East Penn Manufacturing, SYSTEMS SUNLIGHT, Tianneng Battery Group.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Traction Lithium Batteries Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Traction Lithium Batteries Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Traction Lithium Batteries Market - Supply Chain
4.5. Global Traction Lithium Batteries Market Forecast
4.5.1. Traction Lithium Batteries Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Traction Lithium Batteries Market Size (000 Units) and Y-o-Y Growth
4.5.3. Traction Lithium Batteries Market Absolute $ Opportunity
5. Global Traction Lithium Batteries Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Traction Lithium Batteries Market Size and Volume Forecast by Type
5.3.1. LiCoO2 Battery
5.3.2. NMC Battery
5.3.3. LiFePO4 Battery
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Traction Lithium Batteries Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Traction Lithium Batteries Market Size and Volume Forecast by Application
6.3.1. Forklift
6.3.2. Stackers
6.3.3. Electric Tractors
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Traction Lithium Batteries Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Traction Lithium Batteries Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Traction Lithium Batteries Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Traction Lithium Batteries Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Traction Lithium Batteries Demand Share Forecast, 2019-2026
9. North America Traction Lithium Batteries Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Traction Lithium Batteries Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Traction Lithium Batteries Market Size and Volume Forecast by Application
9.4.1. Forklift
9.4.2. Stackers
9.4.3. Electric Tractors
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Traction Lithium Batteries Market Size and Volume Forecast by Type
9.7.1. LiCoO2 Battery
9.7.2. NMC Battery
9.7.3. LiFePO4 Battery
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Traction Lithium Batteries Demand Share Forecast, 2019-2026
10. Latin America Traction Lithium Batteries Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Traction Lithium Batteries Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Traction Lithium Batteries Market Size and Volume Forecast by Application
10.4.1. Forklift
10.4.2. Stackers
10.4.3. Electric Tractors
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Traction Lithium Batteries Market Size and Volume Forecast by Type
10.7.1. LiCoO2 Battery
10.7.2. NMC Battery
10.7.3. LiFePO4 Battery
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Traction Lithium Batteries Demand Share Forecast, 2019-2026
11. Europe Traction Lithium Batteries Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Traction Lithium Batteries Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Traction Lithium Batteries Market Size and Volume Forecast by Application
11.4.1. Forklift
11.4.2. Stackers
11.4.3. Electric Tractors
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Traction Lithium Batteries Market Size and Volume Forecast by Type
11.7.1. LiCoO2 Battery
11.7.2. NMC Battery
11.7.3. LiFePO4 Battery
11.7.4. ther
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Traction Lithium Batteries Demand Share, 2019-2026
12. Asia Pacific Traction Lithium Batteries Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Traction Lithium Batteries Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Traction Lithium Batteries Market Size and Volume Forecast by Application
12.4.1. Forklift
12.4.2. Stackers
12.4.3. Electric Tractors
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Traction Lithium Batteries Market Size and Volume Forecast by Type
12.7.1. LiCoO2 Battery
12.7.2. NMC Battery
12.7.3. LiFePO4 Battery
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Traction Lithium Batteries Demand Share, 2019-2026
13. Middle East & Africa Traction Lithium Batteries Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Traction Lithium Batteries Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Traction Lithium Batteries Market Size and Volume Forecast by Application
13.4.1. Forklift
13.4.2. Stackers
13.4.3. Electric Tractors
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Traction Lithium Batteries Market Size and Volume Forecast by Type
13.7.1. LiCoO2 Battery
13.7.2. NMC Battery
13.7.3. LiFePO4 Battery
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Traction Lithium Batteries Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Traction Lithium Batteries Market: Market Share Analysis
14.2. Traction Lithium Batteries Distributors and Customers
14.3. Traction Lithium Batteries Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson Controls
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. A123
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. EnerSys
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hoppecke
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Exide Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sebang
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GS Yuasa Corp
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Elithion
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Saft
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. East Penn Manufacturing
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SYSTEMS SUNLIGHT
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tianneng Battery Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
