Global Traction Battery Market size is expected to be worth around USD 220.9 Billion by 2033 from USD 46.0 Billion in 2023, growing at a CAGR of 14.6% during the forecast period from 2023 to 2033.

Traction Battery Market Trends, Growth and Opportunity | Industry Report 2033

Traction Battery Market

Traction Battery Market (By Type (Lead-acid based, Nickel-based, Lithium-ion based, Other Types), By Capacity (Less than 100 Ah, 100-200 Ah, 200 Ah-300 Ah, 300-400 Ah, 400 Ah & above), By Application (Electrical Vehicle (EV), Battery Electrical Vehicle (BEV), Plug-in Hybrid Electrical Vehicle (PHEV), Hybrid Electrical Vehicle (HEV), Industrial, Forklift, Mechanical Handling Equipment, Locomotives, Other Applications), By Region and Companies)