Traction Battery Market Set to Hit USD 69.46 Billion by 2030, Fueled by EV and Industrial Demand
Traction Battery Market to Reach USD 69.46 Billion by 2030, Driven by Electric Vehicles and Industrial Applications Global Traction Battery Market Set to Grow at 8.2% CAGR, Fueled by Rising Demand for Electric Vehicles and Energy Storage Solutions Summary: The global Traction Battery Market , valued at USD 69.46 billion in 2030, is projected to grow at a CAGR of 8.2% over the forecast period. This growth is driven by the increasing adoption of electric vehicles (EVs), advancements in battery technologies, and the rising demand for energy storage solutions in industrial and locomotive applications. The market’s expansion highlights the critical role of traction batteries in enabling sustainable transportation and energy efficiency. Get Your Free Sample Here: https://www.maximizemarketresearch.com/request-sample/145881/ A) Market Size: The Traction Battery Market is expected to grow at a CAGR of 8.2% over the forecast period, reaching a valuation of USD 69.46 bil...