Press Release

Exide Industries to Continue its Dominance in India Inverter Battery Market through 2023

Erratic Power supply and rising solar power installations  are likely to fuel growth in India inverter battery market through 2023

According to recently published TechSci Research report India Inverter Battery Market By Type, By Application, Competition Forecast & Opportunities, 2013 - 2023’’, India inverter battery market is projected to reach $ 1.86 billion by 2023 on account of growing residential sector and rising number of initiatives being taken under the government’s ‘Make in India’ program. Moreover, increasing demand for inverter batteries from tier 1 and tier 2 cities is likely to steer growth in the country’s inverter battery market over the next five years. In 2017, Exide Industries Limited accounted for the largest share in India inverter battery market, followed by Luminous Power Technologies Pvt. Ltd. and Amara Raja Batteries Limited. Exide Industries is likely to maintain its dominance through the forecast period as well.

Browse 8 market data Tables and 36 Figures spread through 96 Pages and an in-depth TOC on 

“India Inverter Battery Market"  https://www.techsciresearch.com/report/india-inverter-battery-market/3041.html

 In 2017, residential sector accounted for the largest application share in India inverter battery market and the segment is likely to maintain its dominance during the forecast period. On the basis of type, India inverter battery market is segmented into renewable and non-renewable type, of which, non-renewable type of inverter batteries accounted for the major revenue share in the market in 2017. As per the regional analysis of India inverter battery market, North region grabbed the highest market share in value terms over the last five year, and the region is anticipated to be the largest regional inverter battery market over the next five years as well.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3041

Customers can also request for 10% free customization on this report.

“By 2020, housing sector in India is expected to contribute around 11% to India’s GDP. Moreover, private equity investments in real estate are projected to grow to USD100 billion (INR6.7 trillion) by 2026 with Tier I and II cities being the prime beneficiaries. Technological advancements for the use of intelligent hybrid inverter batteries in energy deficit regions in India is likely to provide better energy storage solutions in the foreseeable future. All of these factors are expected to culminate into robust growth in the country’s inverter battery market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Inverter Battery Market By Type, By Application, Competition Forecast & Opportunities, 2013 - 2023” has evaluated the future growth potential of India inverter battery market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India inverter 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: sales@techsciresearch.com


Relevant Reports

India Inverter Battery Market By Type (Renewable and Non-Renewable), By Application (Residential, Commercial, and Industrial), Competition Forecast & Opportunities, 2013 - 2023

Power | Jun, 2018

Growing electrification rate in India due to various government initiatives and increasing budget allocation for housing projects are likely to fuel growth in India inverter battery market through 2023

Relevant News

All Rights Reserved © TechSci Research