Press release
Asia-Pacific Battery Market Size, Share and Forecast 2019-2025
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The growing support from the Indian government to play a key role in the growth of the Asia-Pacific battery industry. India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as the country intends to promote the use of electric vehicles and cut down its dependence on oil.
“Currently, the battery energy storage industry is at a very nascent stage in India with investors being a little apprehensive to invest in a sunrise industry”, said the government. According to a proposal drafted by NITI Aayog, India plans to retain its import tax rate of 5% for certain types of batteries, including EV batteries, until 2022, however will increase it to 15% thereafter for promoting domestic manufacturing.
This policy creates an ample opportunity for the battery makers such as South Korea’s LG Chem and Japan’s Panasonic Corp/ as well as automotive players that have building Eves’ in India such as Tata Motors and Mahindra & Mahindra.
A full Report of Asia-Pacific Battery Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-battery-market
Market Coverage
• Market number available for – 2018-2025
• Base year- 2018
• Forecast period- 2019-2025
• Segment Covered- By Category, By Type, and By Application
• Regions Covered- Asia-Pacific
• Competitive Landscape- A123 Systems LLC, BYD Co. Ltd., Exide Industries Ltd., Hitachi Chemical Co. Ltd., LG Chem Ltd., Mitsui & Co. Ltd., Panasonic Corp., and Saft Group SA
Asia-Pacific Battery Market- Segmentation
By Category
• Primary
• Secondary
By Type
• Lithium-Ion
• Nickel-Metal Hydride (NI-MH)
• Nickel Cadmium
• Lead Acid
• Others
By Application
• Automotive
• Industrial
• Consumer Electronics
• Power & Energy
• Others
Asia-Pacific Battery Market– Segment by Region
• China
• Japan
• India
• Rest of Asia-Pacific
Company Profiles
• A123 Systems, LLC
• Overview
• A123 Systems, LLC in Asia-Pacific
• A123 Systems, LLC in Battery Landscape
• Recent Developments
• Automotive Energy Supply Corp.
• BYD Co. Ltd.
• Contemporary Amperex Technology Co., Ltd.
• Exide Industries Ltd.
• GS Yuasa Corp
• Hitachi Chemical Co., Ltd
• KAYO Battery (Shenzhen) Co. Ltd.
• LG Chem Ltd.
• Mitsui & Co. Ltd.
• NGK Insulators Ltd.
• Panasonic Corp.
• ProLogium Technology Co., Ltd.
• Saft Groupe SA
• SAMSUNG SDI CO.,LTD
• SK Continental E-motion Korea Co., Ltd.
• Toshiba Corp.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/asia-pacific-battery-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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