Lithium-ion Battery Market in India to Cross 6000 Crore by 2022
According to a recently published TechSci Research report, “India
Lithium-ion Battery Market
By Type,
By Application, Competition Forecast & Opportunities, 2012 – 2022”, India lithium-ion battery market is forecast to cross ₹6000 Crore by 2022, on account of growing
adoption of cell phones, cameras, etc. coupled with escalating number of solar
& wind energy projects and increasing electric vehicle manufacturing
in the country. Moreover, with growing penetration of e-rickshaws as a public
transport in India, demand for lithium-ion batteries in the country is expected
to grow at a robust pace during the next five years.
Browse 4
market data Tables and 24 Figures spread through 102 Pages and an
in-depth TOC on "India
Lithium-ion Battery Market"
https://www.techsciresearch.com/report/india-lithium-ion-battery-market/1250.html
India’s
automotive sector is expected to emerge as the major driving force for the sale
of lithium-ion batteries during 2017 – 2022. The Government of India plans to
introduce 6 million electronic vehicles on the country’s roads by 2020, under
the National Electric Mobility Mission Plan. The mission promotes the use of
electric vehicles, such as e-rickshaws, as a mode of public vehicle as well as encourages
adoption of electric cars for private usage. Companies such as TATA Motors,
Mahindra & Mahindra, Suzuki, Toshiba and Denso are continuously investing
in research & development activities in order to develop and integrate
high-efficiency lithium-ion batteries for electric vehicles in India.
Download Sample Report @
https://www.techsciresearch.com/sample-report.aspx?cid=1250
Customers can also request for 10% free customization on
this report.
“Domestic
manufacturing of lithium-ion batteries in India is limited due to technological
insufficiency, and consequently, majority of demand is met through imports from
China, Japan and South Korea. However, Indian government plans to increase the
research & development activities for domestic manufacturing of lithium-ion
batteries. In 2016, the Central Electrochemical Research Institute (CECRI)
established lithium-ion fabrication facility to boost the domestic production
of lithium-ion batteries in the country. These kind of favorable government
initiatives, coupled with rising industry as well as consumer focus on clean
energy adoption, points towards a brighter future for lithium-ion manufacturers
and suppliers in India over the next five years.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India
Lithium-ion Battery Market By Type, By Application, Competition Forecast &
Opportunities, 2012 – 2022” has evaluated India lithium-ion
battery market and provides the statistics and information on market structure,
industry behavior and trends. The report includes market projections and demand
forecasting. The report is intended to provide cutting-edge market intelligence
and help decision makers take sound investment evaluation. Besides, the report
also identifies and analyzes emerging trends along with essential drivers, challenges and
opportunities in the India lithium-ion battery market.
About
TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market
research studies, TechSci Research is serving clients across 11 different
industrial verticals. TechSci Research specializes in research based consulting
assignments in high growth and emerging markets, leading technologies and niche
applications. Our workforce of more than 100 fulltime Analysts and Consultants
employing innovative research solutions and tracking global and country
specific high growth markets helps TechSci clients to lead rather than follow
market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]