Press release
Asia-Pacific Battery Market Report 2021: By Key Players, Application, Type, Share and Forecast 2021-2027
The Asia-Pacific battery market is estimated to grow at a significant CAGR during the forecast period. The increasing demand from end-user industries such as the automotive industry, consumer electronics industry, and energy & power industry tend to drive the regional growth of the market. Major economies contributing to the growth of the market include India, China, and Japan.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.
A full report of Asia-Pacific Battery Market is available at https://www.omrglobal.com/industry-reports/asia-pacific-battery-market
“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.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/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
Key Questions Addressed by the Report
• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
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
• Automotive Energy Supply Corp.
• BYD 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.
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
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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