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This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

The Global Traction Batteries Market (2018-2022) is Set to Register a CAGR of Approx 14% - ResearchAndMarkets.com

March 11, 2019

DUBLIN--(BUSINESS WIRE)--Mar 11, 2019--The “Global Traction Batteries Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

The traction batteries market will register a CAGR of almost 14% by 2022.

The growing need for environment friendly vehicles to gain traction in the market

EVs, golf carts, and lift trucks that run on Li-ion batteries have been gaining high traction in recent years because of the growing need for environmental-friendly vehicles. These vehicles require a sizeable battery pack to store energy.

Declining li-ion battery prices

In the case of EVs, the manufacturing cost of EVs is almost double compared with conventional vehicles, of which a major portion of the costs incurred is associated with batteries and electronics. The cost of battery packs has declined in the past few years as the scale of production has increased significantly.

Competition from fuel cells in material handling equipment

The forklift and other equipment batteries face several challenges such as special electrical maintenance and infrastructure requirements and frequent charging and cooling intervals. Fuel cells are a comparatively new technology that is gaining traction which is indirectly affecting the market for traction batteries market.

Key Players

  • Contemporary Amperex Technology
  • Enersys
  • Exide Technologies
  • GS Yuasa International
  • Panasonic
  • Samsung SDI

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

PART 05: MARKET SIZING

PART 06: FIVE FORCES ANALYSIS

PART 07: MARKET SEGMENTATION BY APPLICATION

  • Segmentation by application
  • Comparison by application
  • Transport - Market size and forecast 2017-2022
  • Lift trucks - Market size and forecast 2017-2022
  • Others - Market size and forecast 2017-2022
  • Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

  • Growing need for environment-friendly vehicles
  • Legislative support for battery recycling
  • Increasing adoption of AGVs

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Contemporary Amperex Technology
  • Enersys
  • Exide Technologies
  • GS Yuasa International
  • Panasonic
  • Samsung SDI

For more information about this report visit https://www.researchandmarkets.com/research/n9qh7x/the_global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190311005354/en/

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Related Topics:Battery Technology

KEYWORD:

INDUSTRY KEYWORD: ENERGY OTHER ENERGY MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 03/11/2019 06:06 AM/DISC: 03/11/2019 06:06 AM

http://www.businesswire.com/news/home/20190311005354/en