Asia Pacific Traction Battery Market Size - By Winding, By Rating, By Application & Forecast, 2023 - 2032

PUBLISHED: November 9, 2023

PAGES: 150 Pages

DELIVERY TIME: 2-3 business days

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Asia Pacific traction battery market size is projected to expand at 21% CAGR from 2023 to 2032, driven by the rising government initiatives for promoting clean energy and the presence of stringent emission regulations. The rapid electrification of transportation, including electric vehicles (EVs) and hybrid vehicles is fueling the demand for traction batteries across the region.

Of late, there has been increasing adoption of electric forklifts and material handling equipment by the manufacturing sector. The rising advancements in battery technologies is making way for increasing investments in R&D activities to enhance the efficiency and performance of traction batteries for driving adoption in diverse applications. The well-established automotive sector in APAC and the growing awareness of sustainable energy solutions will also push the industry expansion.

The Asia Pacific traction battery industry is segregated into chemistry, application, and country.

With respect to chemistry, the market value from the lithium-ion segment is estimated to depict substantial CAGR from 2023 to 2032. The growth can be attributed to the rising popularity of EVs, significant advancements in lithium-ion technology, and the increasing government support for clean energy initiatives. The higher energy density, longer lifespan, and enhanced performance offered by lithium-ion batteries is helping to serve the sirging demands of the expanding electric transportation and energy storage sectors across the region.

APAC traction battery system industry share from the e-bikes application segment is projected to rise at appreciable CAGR through 2032. This is owing to the increasing adoption of electric bikes for sustainable urban mobility. The rising awareness of environmental concerns coupled with the surging government incentives are driving the need for reliable and efficient traction batteries. Moreover, the growing advancements in battery technology will also boost the segment growth.

Regionally, the Japan traction battery industry is projected to depict substantial CAGR between 2023 and 2032, ascribed to the strong focus on environmental sustainability and the promotion of electric mobility across the country. The rising government incentives, increasing technological advancements, and thriving automotive sector will further outline the regional market growth.

Product Code: 7369

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid
  - 1.4.2.2 Public

Chapter 2 Asia Pacific Traction Battery Industry Insights

2.1 Industry ecosystem analysis
- 2.1.1 Vendor matrix
2.2 Regulatory landscape
2.3 Industry impact forces
- 2.3.1 Growth drivers
- 2.3.2 Industry pitfalls & challenges
2.4 Growth potential analysis
2.5 Porter's Analysis
- 2.5.1 Bargaining power of suppliers
- 2.5.2 Bargaining power of buyers
- 2.5.3 Threat of new entrants
- 2.5.4 Threat of substitutes
2.6 PESTEL Analysis

Chapter 3 Competitive Benchmarking

3.1 Innovation & sustainability landscape
3.2 Competitive landscape, 2022
- 3.2.1 Strategic dashboard

Chapter 4 Asia Pacific Traction Battery Market, By Chemistry (USD Million)

4.1 Key chemistry trends
4.2 Lead Acid
4.3 Lithium-Ion
4.4 Nickel-Based
4.5 Others

Chapter 5 Asia Pacific Traction Battery Market, By Application (USD Million)

5.1 Key application trends
5.2 Electric vehicles
- 5.2.1 BEV
- 5.2.2 PHEV
5.3 Industrial
- 5.3.1 Forklift
  - 5.3.1.1 Class 1
  - 5.3.1.2 Class 2
  - 5.3.1.3 Class 3
- 5.3.2 Railroad
- 5.3.3 Others
5.4 E-Bikes
- 5.4.1 E-Scooters
- 5.4.2 E-Motorcycles

Chapter 6 Asia Pacific Traction Battery Market, By Country (USD Million)

6.1 Key country trends
6.2 China
6.3 Japan
6.4 South Korea
6.5 Australia
6.6 India
6.7 Thailand

Chapter 7 Company Profiles

7.1 Hitachi Energy Ltd.
7.2 Toshiba Corporation
7.3 Samsung SDI Co., Ltd.
7.4 Panasonic Corporation
7.5 LG Energy Solution
7.6 Camel Group Co., Ltd
7.7 Mutlu Corporation
7.8 Amara Raja Batteries Ltd.
7.9 HOPPECKE Batteries GmbH & Co. KG
7.10 ENERSYS
7.11 EXIDE INDUSTRIES LTD.

Product Code: 7369

Data Tables

TABLE 1 Industry impact forces
TABLE 2 Asia Pacific market from lead acid, 2019 - 2022 (Revenue)
TABLE 3 Asia Pacific market from lead acid, 2023 - 2027 (Revenue)
TABLE 4 Asia Pacific market from lead acid, 2028 - 2032 (Revenue)
TABLE 5 Asia Pacific market from lead acid, by country, 2019 - 2022 (USD Million)
TABLE 6 Asia Pacific market from lead acid, by country, 2023 - 2027 (USD Million)
TABLE 7 Asia Pacific market from lead acid, by country, 2028 - 2032 (USD Million)
TABLE 8 Asia Pacific market from lithium-ion, 2019 - 2022 (Revenue)
TABLE 9 Asia Pacific market from lithium-ion, 2023 - 2027 (Revenue)
TABLE 10 Asia Pacific market from lithium-ion, 2028 - 2032 (Revenue)
TABLE 11 Asia Pacific market from lithium-ion, by country, 2019 - 2022 (USD Million)
TABLE 12 Asia Pacific market from lithium-ion, by country, 2023 - 2027 (USD Million)
TABLE 13 Asia Pacific market from lithium-ion, by country, 2028 - 2032 (USD Million)
TABLE 14 Asia Pacific market from nickel-based, 2019 - 2022 (Revenue)
TABLE 15 Asia Pacific market from nickel-based, 2023 - 2027 (Revenue)
TABLE 16 Asia Pacific market from nickel-based, 2028 - 2032 (Revenue)
TABLE 17 Asia Pacific market from nickel-based, by country, 2019 - 2022 (USD Million)
TABLE 18 Asia Pacific market from nickel-based, by country, 2023 - 2027 (USD Million)
TABLE 19 Asia Pacific market from nickel-based, by country, 2028 - 2032 (USD Million)
TABLE 20 Asia Pacific market from others, 2019 - 2022 (Revenue)
TABLE 21 Asia Pacific market from others, 2023 - 2027 (Revenue)
TABLE 22 Asia Pacific market from others, 2028 - 2032 (Revenue)
TABLE 23 Asia Pacific market from others, by country, 2019 - 2022 (USD Million)
TABLE 24 Asia Pacific market from others, by country, 2023 - 2027 (USD Million)
TABLE 25 Asia Pacific market from others, by country, 2028 - 2032 (USD Million)
TABLE 26 Asia Pacific market from electric vehicles, 2019 - 2022 (Revenue)
TABLE 27 Asia Pacific market from electric vehicles, 2023 - 2027 (Revenue)
TABLE 28 Asia Pacific market from electric vehicles, 2028 - 2032 (Revenue)
TABLE 29 Asia Pacific market from electric vehicles, by country, 2019 - 2022 (USD Million)
TABLE 30 Asia Pacific market from electric vehicles, by country, 2023 - 2027 (USD Million)
TABLE 31 Asia Pacific market from electric vehicles, by country, 2028 - 2032 (USD Million)
TABLE 32 Asia Pacific market from BEV, 2019 - 2022 (Revenue)
TABLE 33 Asia Pacific market from BEV, 2023 - 2027 (Revenue)
TABLE 34 Asia Pacific market from BEV, 2028 - 2032 (Revenue)
TABLE 35 Asia Pacific market from BEV, by country, 2019 - 2022 (USD Million)
TABLE 36 Asia Pacific market from BEV, by country, 2023 - 2027 (USD Million)
TABLE 37 Asia Pacific market from BEV, by country, 2028 - 2032 (USD Million)
TABLE 38 Asia Pacific market from PHEV, 2019 - 2022 (Revenue)
TABLE 39 Asia Pacific market from PHEV, 2023 - 2027 (Revenue)
TABLE 40 Asia Pacific market from PHEV, 2028 - 2032 (Revenue)
TABLE 41 Asia Pacific market from PHEV, by country, 2019 - 2022 (USD Million)
TABLE 42 Asia Pacific market from PHEV, by country, 2023 - 2027 (USD Million)
TABLE 43 Asia Pacific market from PHEV, by country, 2028 - 2032 (USD Million)
TABLE 44 Asia Pacific market from industrial, 2019 - 2022 (Revenue)
TABLE 45 Asia Pacific market from industrial, 2023 - 2027 (Revenue)
TABLE 46 Asia Pacific market from industrial, 2028 - 2032 (Revenue)
TABLE 47 Asia Pacific market from industrial, by country, 2019 - 2022 (USD Million)
TABLE 48 Asia Pacific market from industrial, by country, 2023 - 2027 (USD Million)
TABLE 49 Asia Pacific market from industrial, by country, 2028 - 2032 (USD Million)
TABLE 50 Asia Pacific market from forklift, 2019 - 2022 (Revenue)
TABLE 51 Asia Pacific market from forklift, 2023 - 2027 (Revenue)
TABLE 52 Asia Pacific market from forklift, 2028 - 2032 (Revenue)
TABLE 53 Asia Pacific market from forklift, by country, 2019 - 2022 (USD Million)
TABLE 54 Asia Pacific market from forklift, by country, 2023 - 2027 (USD Million)
TABLE 55 Asia Pacific market from forklift, by country, 2028 - 2032 (USD Million)
TABLE 56 Asia Pacific market from class 1, 2019 - 2022 (Revenue)
TABLE 57 Asia Pacific market from class 1, 2023 - 2027 (Revenue)
TABLE 58 Asia Pacific market from class 1, 2028 - 2032 (Revenue)
TABLE 59 Asia Pacific market from class 1, by country, 2019 - 2022 (USD Million)
TABLE 60 Asia Pacific market from class 1, by country, 2023 - 2027 (USD Million)
TABLE 61 Asia Pacific market from class 1, by country, 2028 - 2032 (USD Million)
TABLE 62 Asia Pacific market from class 2, 2019 - 2022 (Revenue)
TABLE 63 Asia Pacific market from class 2, 2023 - 2027 (Revenue)
TABLE 64 Asia Pacific market from class 2, 2028 - 2032 (Revenue)
TABLE 65 Asia Pacific market from class 2, by country, 2019 - 2022 (USD Million)
TABLE 66 Asia Pacific market from class 2, by country, 2023 - 2027 (USD Million)
TABLE 67 Asia Pacific market from class 2, by country, 2028 - 2032 (USD Million)
TABLE 68 Asia Pacific market from class 3, 2019 - 2022 (Revenue)
TABLE 69 Asia Pacific market from class 3, 2023 - 2027 (Revenue)
TABLE 70 Asia Pacific market from class 3, 2028 - 2032 (Revenue)
TABLE 71 Asia Pacific market from class 3, by country, 2019 - 2022 (USD Million)
TABLE 72 Asia Pacific market from class 3, by country, 2023 - 2027 (USD Million)
TABLE 73 Asia Pacific market from class 3, by country, 2028 - 2032 (USD Million)
TABLE 74 Asia Pacific market from railroad, 2019 - 2022 (Revenue)
TABLE 75 Asia Pacific market from railroad, 2023 - 2027 (Revenue)
TABLE 76 Asia Pacific market from railroad, 2028 - 2032 (Revenue)
TABLE 77 Asia Pacific market from railroad, by country, 2019 - 2022 (USD Million)
TABLE 78 Asia Pacific market from railroad, by country, 2023 - 2027 (USD Million)
TABLE 79 Asia Pacific market from railroad, by country, 2028 - 2032 (USD Million)
TABLE 80 Asia Pacific market from others, 2019 - 2022 (Revenue)
TABLE 81 Asia Pacific market from others, 2023 - 2027 (Revenue)
TABLE 82 Asia Pacific market from others, 2028 - 2032 (Revenue)
TABLE 83 Asia Pacific market from others, by country, 2019 - 2022 (USD Million)
TABLE 84 Asia Pacific market from others, by country, 2023 - 2027 (USD Million)
TABLE 85 Asia Pacific market from others, by country, 2028 - 2032 (USD Million)
TABLE 86 Asia Pacific market from e-bikes, 2019 - 2022 (Revenue)
TABLE 87 Asia Pacific market from e-bikes, 2023 - 2027 (Revenue)
TABLE 88 Asia Pacific market from e-bikes, 2028 - 2032 (Revenue)
TABLE 89 Asia Pacific market from e-bikes, by country, 2019 - 2022 (USD Million)
TABLE 90 Asia Pacific market from e-bikes, by country, 2023 - 2027 (USD Million)
TABLE 91 Asia Pacific market from e-bikes, by country, 2028 - 2032 (USD Million)
TABLE 92 Asia Pacific market from e-scooters, 2019 - 2022 (Revenue)
TABLE 93 Asia Pacific market from e-scooters, 2023 - 2027 (Revenue)
TABLE 94 Asia Pacific market from e-scooters, 2028 - 2032 (Revenue)
TABLE 95 Asia Pacific market from e-scooters, by country, 2019 - 2022 (USD Million)
TABLE 96 Asia Pacific market from e-scooters, by country, 2023 - 2027 (USD Million)
TABLE 97 Asia Pacific market from e-scooters, by country, 2028 - 2032 (USD Million)
TABLE 98 Asia Pacific market from e-motorcycles, 2019 - 2022 (Revenue)
TABLE 99 Asia Pacific market from e-motorcycles, 2023 - 2027 (Revenue)
TABLE 100 Asia Pacific market from e-motorcycles, 2028 - 2032 (Revenue)
TABLE 101 Asia Pacific market from e-motorcycles, by country, 2019 - 2022 (USD Million)
TABLE 102 Asia Pacific market from e-motorcycles, by country, 2023 - 2027 (USD Million)
TABLE 103 Asia Pacific market from e-motorcycles, by country, 2028 - 2032 (USD Million)
TABLE 104 China market, 2019 - 2022 (Revenue)
TABLE 105 China market, 2023 - 2027 (Revenue)
TABLE 106 China market, 2028 - 2032 (Revenue)
TABLE 107 China market by chemistry, 2019 - 2022 (USD Million)
TABLE 108 China market by chemistry, 2023 - 2027 (USD Million)
TABLE 109 China market by chemistry, 2028 - 2032 (USD Million)
TABLE 110 China market by application, 2019 - 2022 (USD Million)
TABLE 111 China market by application, 2023 - 2027 (USD Million)
TABLE 112 China market by application, 2028 - 2032 (USD Million)
TABLE 113 China market by electric vehicles, 2019 - 2022 (USD Million)
TABLE 114 China market by electric vehicles, 2023 - 2027 (USD Million)
TABLE 115 China market by electric vehicles, 2028 - 2032 (USD Million)
TABLE 116 China market by industrial, 2019 - 2022 (USD Million)
TABLE 117 China market by industrial, 2023 - 2027 (USD Million)
TABLE 118 China market by industrial, 2028 - 2032 (USD Million)
TABLE 119 China market by forklift, 2019 - 2022 (USD Million)
TABLE 120 China market by forklift, 2023 - 2027 (USD Million)
TABLE 121 China market by forklift, 2028 - 2032 (USD Million)
TABLE 122 China market by e-bikes, 2019 - 2022 (USD Million)
TABLE 123 China market by e-bikes, 2023 - 2027 (USD Million)
TABLE 124 China market by e-bikes, 2028 - 2032 (USD Million)
TABLE 125 Japan market, 2019 - 2022 (Revenue)
TABLE 126 Japan market, 2023 - 2027 (Revenue)
TABLE 127 Japan market, 2028 - 2032 (Revenue)
TABLE 128 Japan market by chemistry, 2019 - 2022 (USD Million)
TABLE 129 Japan market by chemistry, 2023 - 2027 (USD Million)
TABLE 130 Japan market by chemistry, 2028 - 2032 (USD Million)
TABLE 131 Japan market by application, 2019 - 2022 (USD Million)
TABLE 132 Japan market by application, 2023 - 2027 (USD Million)
TABLE 133 Japan market by application, 2028 - 2032 (USD Million)
TABLE 134 Japan market by electric vehicles, 2019 - 2022 (USD Million)
TABLE 135 Japan market by electric vehicles, 2023 - 2027 (USD Million)
TABLE 136 Japan market by electric vehicles, 2028 - 2032 (USD Million)
TABLE 137 Japan market by industrial, 2019 - 2022 (USD Million)
TABLE 138 Japan market by industrial, 2023 - 2027 (USD Million)
TABLE 139 Japan market by industrial, 2028 - 2032 (USD Million)
TABLE 140 Japan market by forklift, 2019 - 2022 (USD Million)
TABLE 141 Japan market by forklift, 2023 - 2027 (USD Million)
TABLE 142 Japan market by forklift, 2028 - 2032 (USD Million)
TABLE 143 Japan market by e-bikes, 2019 - 2022 (USD Million)
TABLE 144 Japan market by e-bikes, 2023 - 2027 (USD Million)
TABLE 145 Japan market by e-bikes, 2028 - 2032 (USD Million)
TABLE 146 South Korea market, 2019 - 2022 (Revenue)
TABLE 147 South Korea market, 2023 - 2027 (Revenue)
TABLE 148 South Korea market, 2028 - 2032 (Revenue)
TABLE 149 South Korea market by chemistry, 2019 - 2022 (USD Million)
TABLE 150 South Korea market by chemistry, 2023 - 2027 (USD Million)
TABLE 151 South Korea market by chemistry, 2028 - 2032 (USD Million)
TABLE 152 South Korea market by application, 2019 - 2022 (USD Million)
TABLE 153 South Korea market by application, 2023 - 2027 (USD Million)
TABLE 154 South Korea market by application, 2028 - 2032 (USD Million)
TABLE 155 South Korea market by electric vehicles, 2019 - 2022 (USD Million)
TABLE 156 South Korea market by electric vehicles, 2023 - 2027 (USD Million)
TABLE 157 South Korea market by electric vehicles, 2028 - 2032 (USD Million)
TABLE 158 South Korea market by industrial, 2019 - 2022 (USD Million)
TABLE 159 South Korea market by industrial, 2023 - 2027 (USD Million)
TABLE 160 South Korea market by industrial, 2028 - 2032 (USD Million)
TABLE 161 South Korea market by forklift, 2019 - 2022 (USD Million)
TABLE 162 South Korea market by forklift, 2023 - 2027 (USD Million)
TABLE 163 South Korea market by forklift, 2028 - 2032 (USD Million)
TABLE 164 South Korea market by e-bikes, 2019 - 2022 (USD Million)
TABLE 165 South Korea market by e-bikes, 2023 - 2027 (USD Million)
TABLE 166 South Korea market by e-bikes, 2028 - 2032 (USD Million)
TABLE 167 Australia market, 2019 - 2022 (Revenue)
TABLE 168 Australia market, 2023 - 2027 (Revenue)
TABLE 169 Australia market, 2028 - 2032 (Revenue)
TABLE 170 Australia market by chemistry, 2019 - 2022 (USD Million)
TABLE 171 Australia market by chemistry, 2023 - 2027 (USD Million)
TABLE 172 Australia market by chemistry, 2028 - 2032 (USD Million)
TABLE 173 Australia market by application, 2019 - 2022 (USD Million)
TABLE 174 Australia market by application, 2023 - 2027 (USD Million)
TABLE 175 Australia market by application, 2028 - 2032 (USD Million)
TABLE 176 Australia market by electric vehicles, 2019 - 2022 (USD Million)
TABLE 177 Australia market by electric vehicles, 2023 - 2027 (USD Million)
TABLE 178 Australia market by electric vehicles, 2028 - 2032 (USD Million)
TABLE 179 Australia market by industrial, 2019 - 2022 (USD Million)
TABLE 180 Australia market by industrial, 2023 - 2027 (USD Million)
TABLE 181 Australia market by industrial, 2028 - 2032 (USD Million)
TABLE 182 Australia market by forklift, 2019 - 2022 (USD Million)
TABLE 183 Australia market by forklift, 2023 - 2027 (USD Million)
TABLE 184 Australia market by forklift, 2028 - 2032 (USD Million)
TABLE 185 Australia market by e-bikes, 2019 - 2022 (USD Million)
TABLE 186 Australia market by e-bikes, 2023 - 2027 (USD Million)
TABLE 187 Australia market by e-bikes, 2028 - 2032 (USD Million)
TABLE 188 India market, 2019 - 2022 (Revenue)
TABLE 189 India market, 2023 - 2027 (Revenue)
TABLE 190 India market, 2028 - 2032 (Revenue)
TABLE 191 India market by chemistry, 2019 - 2022 (USD Million)
TABLE 192 India market by chemistry, 2023 - 2027 (USD Million)
TABLE 193 India market by chemistry, 2028 - 2032 (USD Million)
TABLE 194 India market by application, 2019 - 2022 (USD Million)
TABLE 195 India market by application, 2023 - 2027 (USD Million)
TABLE 196 India market by application, 2028 - 2032 (USD Million)
TABLE 197 India market by electric vehicles, 2019 - 2022 (USD Million)
TABLE 198 India market by electric vehicles, 2023 - 2027 (USD Million)
TABLE 199 India market by electric vehicles, 2028 - 2032 (USD Million)
TABLE 200 India market by industrial, 2019 - 2022 (USD Million)
TABLE 201 India market by industrial, 2023 - 2027 (USD Million)
TABLE 202 India market by industrial, 2028 - 2032 (USD Million)
TABLE 203 India market by forklift, 2019 - 2022 (USD Million)
TABLE 204 India market by forklift, 2023 - 2027 (USD Million)
TABLE 205 India market by forklift, 2028 - 2032 (USD Million)
TABLE 206 India market by e-bikes, 2019 - 2022 (USD Million)
TABLE 207 India market by e-bikes, 2023 - 2027 (USD Million)
TABLE 208 India market by e-bikes, 2028 - 2032 (USD Million)
TABLE 209 Thailand market, 2019 - 2022 (Revenue)
TABLE 210 Thailand market, 2023 - 2027 (Revenue)
TABLE 211 Thailand market, 2028 - 2032 (Revenue)
TABLE 212 Thailand market by chemistry, 2019 - 2022 (USD Million)
TABLE 213 Thailand market by chemistry, 2023 - 2027 (USD Million)
TABLE 214 Thailand market by chemistry, 2028 - 2032 (USD Million)
TABLE 215 Thailand market by application, 2019 - 2022 (USD Million)
TABLE 216 Thailand market by application, 2023 - 2027 (USD Million)
TABLE 217 Thailand market by application, 2028 - 2032 (USD Million)
TABLE 218 Thailand market by electric vehicles, 2019 - 2022 (USD Million)
TABLE 219 Thailand market by electric vehicles, 2023 - 2027 (USD Million)
TABLE 220 Thailand market by electric vehicles, 2028 - 2032 (USD Million)
TABLE 221 Thailand market by industrial, 2019 - 2022 (USD Million)
TABLE 222 Thailand market by industrial, 2023 - 2027 (USD Million)
TABLE 223 Thailand market by industrial, 2028 - 2032 (USD Million)
TABLE 224 Thailand market by forklift, 2019 - 2022 (USD Million)
TABLE 225 Thailand market by forklift, 2023 - 2027 (USD Million)
TABLE 226 Thailand market by forklift, 2028 - 2032 (USD Million)
TABLE 227 Thailand market by e-bikes, 2019 - 2022 (USD Million)
TABLE 228 Thailand market by e-bikes, 2023 - 2027 (USD Million)
TABLE 229 Thailand market by e-bikes, 2028 - 2032 (USD Million)