openPR Logo
Press release

India Electric Vehicle Battery Market is Projected to reach USD 963 million in 2026

03-05-2020 05:00 PM CET | Logistics & Transport

Press release from: GMI Research

India Electric Vehicle Battery Market

India Electric Vehicle Battery Market

Li-ion segment dominated the India Electric Vehicle Battery market in 2018 and is projected to witness significant growth rate during the forecast period owing to government subsidy and tax benefits for manufacturing li-ion battery in India under government's Modified Special Incentive Package Scheme(M-SIPS) along with the continuous reduction in Li-ion battery prices. Moreover, due to features such as fast charging, lightweight, compact size, and longer life span, the li-ion battery is more suitable in an electric two-wheeler, and four-wheeler will further drive the electric vehicle battery market in India.

Request Sample Report : https://www.gmiresearch.com/report/india-electric-vehicle-battery-market-lithium-ion/sample-request

The key factors bolstering the growth of the India Electric Vehicle Battery market are rising environmental concern and government initiative to reduce carbon emission by incentivizing electric vehicles. In addition, increasing innovation in battery technology, rising raw material supply coupled with the reduction in battery prices every year growing is driving the electric vehicles battery market growth. Reduction in GST rate and government subsidy for commercial electric vehicle purchases are also propelling the growth of the electric vehicle battery market.

Battery Capacity, Greater than 15 kWh segment is expected to grow at the fastest CAGR during the forecast period. Greater than 15 kWh battery capacity segment is expected to grow at the fastest CAGR during the forecast period due to the growing demand for high range electric vehicles along with demand for high speed.

Battery Electric Vehicle (BEV) segment is expected to grow at the fastest CAGR during the forecast period. Battery Electric Vehicle (BEV) segment holds the largest market share in 2018 and is expected to grow at the fastest CAGR during the forecast period as a share of BEV is expected to increase owing to a rise in the number of BEV models launches.

To View Full Press Release: https://www.gmiresearch.com/report/india-electric-vehicle-battery-market-lithium-ion/

The India Electric Vehicle Battery market has been segmented based on battery type, vehicle type, battery capacity, and application. Based on the battery type, the India Electric Vehicle Battery market has been segmented into li-on and lead-acid. Li-ion battery is further segmented into Lithium Nickel Manganese Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate, and others. Based on the vehicle type, the market has been segmented into two-wheeler, three-wheeler, and four-wheeler. Based on the application, the market has been segmented into battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles. Based on Battery Capacity, the market is segmented into less than 5 kWh, between 5 and 15 kWh and greater than 15 kWh.

India Electric Vehicle Battery market share is divided by some of the key players, including, Hero Electric Vehicles Pvt. Ltd, Exide Industries Ltd, Amara Raja Batteries Ltd, Suzuki Corporation, Exicom Power Solutions, Samsung SDI Co. ltd., Trontek Group, Panasonic Corporation, Denso Corporation, Tata Motors and among others.

India Electric Vehicle Battery Market: https://www.marketwatch.com/press-release/india-electric-vehicle-battery-market-growing-at-a-high-cagr-of-253-during-2019-26-gmi-research-2019-11-06?mod=mw_quote_news

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: media@gmiresearch.com
Phone: +353 1 442 8820; +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

About GMI Research

GMI Research is a market research & consulting firm which helps its client to address their most pressing strategic and business challenges. Our market research helps our clients to address business challenges and also helps them to make better business decisions with our fact-based insights, intelligence, and data. Our insights and intelligence equip our clients with information not known to them and aid them in solving the toughest business problems. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release India Electric Vehicle Battery Market is Projected to reach USD 963 million in 2026 here

News-ID: 1956538 • Views: 367

More Releases from GMI Research

Social Media Analytics Market is estimated to touch USD 21.6 billion in 2029, re …
Social Media Analytics Market was valued at USD 4.2 billion in 2021 and is estimate to reach USD 21.6 billion in 2029 growing at a CAGR of 22.7% For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/social-media-analytics-market-analysis-industry-research/ The factors driving the growth of Social Media Analytics Market includes the increasing demand for business intelligence tools, increasing number of smartphones, growing focus by businesses on collecting customer feedback and proliferation of social
GCC Construction Chemical Market is Predicted to Expand at a Promising CAGR duri …
The GCC Construction Chemical Market is estimated to grow at a robust CAGR over the forecast period (2022-2029). For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/product/gcc-construction-chemical-market/ The factors driving growth of the GCC Construction Chemical Market includes increasing focus of Governments on reducing their dependency on oil and gas sector, emerging need to repair the ageing buildings, rise in the number of smart cities and improvements in the living standards.
5G Industrial IoT Market is projected to touch USD 5,312 million in 2029, regist …
5G Industrial IoT Market was valued at USD 780 million in 2021 and is projected to grow at a CAGR of 27.1% during the forecast period, 2022-2029 reaching USD 5,312 million in 2029 For Additional Insights, Click to Access Complete Report: https://www.gmiresearch.com/report/5g-industrial-iot-market/ Expansion in the 5G industrial IoT market is attributed to the increasing investment in 5G technology and transportation. Also, as per the 5G Industrial IOT Market research report the increasing
North America 3D Printing Market is predicted to increase at a higher CAGR durin …
The North America 3D Printing Market is estimated to grow at a robust CAGR over the forecast period (2022-2029). For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/product/north-america-3d-printing-market/ The factors driving growth of the North America 3D Printing Market includes increasing demand for 3D printing across end-use industries such as Healthcare, Consumer Products and Automotive, growing demand for jewelry across United States and Canada, rise in the number of smart factories,

All 5 Releases


More Releases for Battery

America SLI Battery Market Segment, Trends and Forecast to 2026 | XS Power Batte …
Global Market Insights has launched a report on America SLI Battery Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere. Global Market Insights, Inc. forecasts the America SLI Battery Market
Golf Cart Battery Market | Axion Power, Samsung SDI, Dyno Battery, Smart Battery
Global Golf Cart Battery Market: Overview The global market for golf cart batteries is expected to expand at a promising pace in the next few years, with the rising uptake of golf carts as practical transportation modes for elderly in places such as airports, crowded stations, and tourist locations globally expected to act as a key growth factor. The increased usage of golf carts other nonconventional application areas is also expected
Global Power Energy Storage Battery Market 2019 - Lithium Ion Battery,All-vanadi …
Power Energy Storage Battery Market The Global Power Energy Storage Battery Market 2019 Research Report incorporates a total and careful investigation of Power Energy Storage Battery industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Power Energy Storage Battery development patterns, assortment of uses, use volume, request and supply examination, creation limit and Power Energy Storage Battery industry cost structures amid Forecast period from
Space Battery Market analysis report- with Leading players, Types Nickel-based B …
Space Battery Market The Space Battery Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The Space Battery Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this
Global EV Battery Recycling Market : Nickel–Cadmium Battery, Nickel–Metal Hy …
The EV Battery Recycling Market Research Report consists of all the essential information in regards to the global market. This report presents an in-depth analysis of various industry factors, such as the market trends, dynamics, production, estimates, industry development drivers, size, share, investigation, supply, forecast trends, sales, industry demand, as well as several other factors. The Global EV Battery Recycling Market report has been generated leveraging a target amalgamation
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017 A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery