The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Traction Battery Market.
It was estimated prior to this unanticipated outbreak Traction Battery Market will reach CAGR of 9.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Traction Battery Market Insights
Traction battery marketis likely to witness an impressive CAGR of 9.7% during the forecast period. The prime factor contributing to the demand for traction batteries is the increasing adoption of electric vehicles, especially in the industrial and transportation sectors.
Market Share Analysis
Traction Battery Market Share: By Chemistry Type
Based on the chemistry type, the ma
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