India Electric Vehicle Battery Market 2021: Size, Share, Growth, Analysis, Forecast 2026
According to the latest report by IMARC Group, titled “India Electric Vehicle Battery Market Growth: Industry Trends, Share, Size, Opportunity and Forecast 2021-2026,” the india electric vehicle battery market expected to grow at a CAGR of around 30% during (2021-2026).
Electric vehicle (EV) battery is usually
installed in battery electric vehicles (BEV), hybrid electric vehicles (HEV)
and plug-in hybrid electric vehicles. Some of the common product variants are
nickel-metal hydride battery, lithium-ion battery and lead-acid battery. EV
batteries offer several advantages in minimizing carbon emissions, controlling
maintenance costs, mitigating fuel dependency, producing high energy per unit
mass, etc. In India, electric vehicles have gained more traction over
traditional gasoline-powered automobiles, thereby driving the adoption of EV
batteries.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
India Electric Vehicle Battery Market Trends:
The growing concerns towards the harmful
impact of fuel-based vehicles on the environment are primarily driving the
demand for electric vehicle batteries. Additionally, a significant increase in
the automotive industry has resulted in the development of several custom-made
options for EV batteries to be employed in buses, loaders, trucks, excavators,
vans, etc. This is further augmenting the product demand across diverse
industries, such as transportation, construction, mining, logistics,
transportation, etc. Besides this, the introduction of various government
initiatives for encouraging the adoption of electric vehicles to curb air
pollution, especially across the metropolitan cities, is also providing a
thrust to the market. In the coming
years, the decreasing costs of high-capacity Li-ion batteries, along with the
increasing domestic production of EV batteries rather than depending upon the
exports will continue to bolster the market growth in India.
Request Free Sample Report: https://www.imarcgroup.com/india-electric-vehicle-battery-market/requestsample
India Electric Vehicle Battery Market 2021-2026 Analysis and
Segmentation:
Competitive Landscape:
The competitive landscape
of the market has been studied in the report with the detailed profiles of the
key players operating in the market.
Amar Raja Batteries
Limited, Exicom Tele-Systems Limited, Exide Industries Ltd, Hero Electric
Vehicles Pvt. Ltd., Okaya Power Pvt. Ltd., Panasonic India Private Limited
(Panasonic Corporation), Samsung SDI Company Limited (Samsung SDI Co., Ltd.),
Tata AutoComp GY Batteries Private Limited, Tata Motors Limited and Toshiba
India Pvt. Ltd.
The report has segmented the market on the basis on region, disc type,
material type and end user.
Breakup by Battery Type:
·
Lithium-Ion Battery
·
Nickel-Metal Hydride
Battery
·
Lead-Acid Battery
·
Others
Breakup by Propulsion Type:
·
Battery Electric Vehicles
·
Plug-in Hybrid Electric
Vehicles
·
Hybrid Electric Vehicles
Breakup by Vehicle Type:
·
Passenger Car
·
Commercial Vehicle
·
Two-Wheeler
Breakup by Region:
·
North India
·
West and Central India
·
South India
·
East India
Ask Analyst for Customization and Explore Full Report with TOC &
List of Figure: https://www.imarcgroup.com/india-electric-vehicle-battery-market
Key highlights of the report:
- Market
Performance (2015-2020)
- Market
Outlook (2021- 2026)
- Porter’s
Five Forces Analysis
- Market
Drivers and Success Factors
- SWOT
Analysis
- Value
Chain
- Comprehensive
Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope
of the report, we can provide it to you as a part of the customization.
If you want latest primary and secondary data (2021-2026) with Cost
Module, Business Strategy, Distribution Channel, etc. Click request free sample
report, published report will be delivered to you in PDF format via email
within 24 to 48 hours of receiving full payment.
About Us
IMARC Group is a leading market research company that offers management
strategy and market research worldwide. We partner with clients in all sectors
and regions to identify their highest-value opportunities, address their most
critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic
and technological developments for business leaders in pharmaceutical,
industrial, and high technology organizations. Market forecasts and industry
analysis for biotechnology, advanced materials, pharmaceuticals, food and
beverage, travel and tourism, nanotechnology and novel processing methods are
at the top of the company’s expertise.
Contact Us:
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Comments
Post a Comment