1.1.
1 Market Keyword
Automotive Traction Battery
1.1.2 Vertical
1.1.3 Snapshot
A form of electric vehicle battery with a large ampere-hour capacity is a traction battery.
Forklift trucks, locomotives, and mechanical handling equipment are the most common
applications for lead acid traction batteries. The demand for electric vehicles has risen as
a result of rising fuel price volatility and greater environmental awareness. The
development of electric vehicles will also be fueled by factors like increased investment
and the electrification of transportation. As the market for electric vehicles has grown,
traction batteries used to power the electric motors in electric or hybrid vehicles—have
shown tremendous growth. This can be one of the main factors propelling the traction
battery market's expansion. Furthermore, characteristics like recyclability, affordability,
and eco-friendliness are giving the industry's growth in the electric vehicle category an
extra boost, consequently boosting market growth.
1.1.4 Player Names
Zytek Group Limited (United Kingdom)
ZF TRW Automotive Holdings Corporation (India)
YASA Motors Ltd. (United Kingdom)
Tesla (United States)
Inovance Automotive (China)
Zapi (Italy)
Parker-Hannifin Corp (United States)
Curtis (United States)
Nidec (Japan)
MAHLE (Germany)
Broad-Ocean (China)
EnviroServ Waste (South Africa)
Danfoss (Denmark)
1.1.5 Other Players
Tianjin Santroll (China)
Hitachi Astemo (United States)
Schaeffler (Germany)
Shenzhen V&T Technologies (China)
DANA TM4 (Canada)
1.1.1 Capacity
<100 Ah
100-200 Ah
200-300 Ah
300-400 Ah
>400 Ah
1.1.2 Shape
Cylindrical
Pouch
Prismatic
1.1.3 Type
Lead acid
Nickle
Lithium-ion
Others
1.1.4 Application
BEV
PHEV
HEV
LSEV
REEV
Others
1.1.5 Motor Type
DC Series Motor
BLDC Motor
PMSM
Induction Motor
Switched Reluctance Motor (SRM)
Others
1.1.6 Voltage
Low Voltage (24 to 144V)
High Voltage (144 to 800V)
1.1.7 Position Sensor Type
Hall Sensor
Encoder
Resolver
1.1.8 Distribution Channels
Direct
Distributor
1.1.9 Industry Background or Market Drivers
Growing demand for electric vehicles
Eye-catching government policies and tax incentives
1.1.10 Market Trends
Usage of light batteries in automobiles
Growing Adoption of traction battery increases EV sales
1.1.11 Restraints
Inadequate charging infrastructure
1.1.12 Opportunities
Enhanced battery capacity and reducing costs
Technological advancement in traction battery
1.1.13 Challenges
Expensive battery cost
Lack of well-defined EV infrastructure
1.1.14 Regulatory Factor
In order to harmonise with international standards, the Korean Ministry of land,
infrastructure, and transport has updated a series of automotive standards KMVSS
testing rules. The traction battery test regulations TP 48 have been updated to
harmonise with GTR 20 and to provide requirements for traction batteries in vehicles up
to 4.5 tons & vehicles over 4.5 tons. ATIC has confirmed the Korean Ministry of land,
infrastructure, and transport that the new TP 48 has taken effect in July 2021, for new
vehicles types and June 2023 for existed vehicles types.
1.1.15 Recent Industry Insights
In June 2021, the first phase of the traction battery production project of Sichuan
Contemporary Amperex Technology Limited (CATL-SC), a wholly-owned subsidiary of
CATL, is now in operation. Since September 2019, CATL and the city government of Yibin
have successively signed contracts for the CATL-SC traction battery phase I to phase VI
projects, with a total investment of more than US$4.7 billion and an area of about 1,214
hectares.
1.1.16 Recent Merger and Acquisition
In July 2021, Mercedes-Benz acquired YASA, a pioneer in next-generation electric drive
technology. Under the terms of the acquisition, YASA will operate as a wholly owned
subsidiary of Mercedes-Benz, developing ultra-high-performance e-motors, while
retaining its own brand, team, facilities and continuing to supply existing automotive
supercar customers.
1.1.17 Competitive Landscape
Global automotive traction battery is a fragmented market due to the presence of
various players. The players are focusing on investing more in R&D. These will enhance
their market presence. The companies are also planning strategic activities like
partnerships, mergers, and acquisitions which will help them to sustain in the market and
maintain their competitive edge.
1.1.18 Dominating Region
1.1.19 Key Target Audience
Traction Battery Manufacturers
Traction Battery Suppliers
Regulatory Bodies
Potential Investors
Research and Development Institutes
Others
1.1.20 Dominating Players
1.1.21 Additional Segmentation
{ "North America": ["United States", "Canada", "Mexico"] , "South
America": ["Brazil", "Argentina", "Rest of South America"], "Europe":
["Germany", "France", "Italy", "United Kingdom", "Netherlands", "Rest of
Europe"], "Asia Pacific": ["China", "Japan", "India", "South Korea", "Taiwan",
"Australia", "Rest of Asia-Pacific"], "MEA": ["Middle East", "Africa"] }
