Press release
EV Battery Market Size in India 2023 | Industry Outlook, Share and Forecast 2028
IMARC Group, a leading market research company, has recently releases report titled "India Electric Vehicle Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the India electric vehicle battery market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the India electric vehicle battery market?
The India electric vehicle battery market is expected to exhibit a growth rate (CAGR) of 27% during 2023-2028.
What is India electric vehicle battery?
An electric vehicle (EV) battery represents an energy storage device that offers electricity to power vehicle accessories and battery-based electric engines for propulsion. It aids in eliminating fuel dependency, minimizing carbon emissions, reducing maintenance costs, generating high energy per unit mass, etc. Some of the widely available EV batteries include nickel-metal hydride, lithium-ion, and lead-acid batteries. As compared to fuel-based engines, they offer a noise-free travel experience, a high power-to-weight ratio, cost-effectiveness, etc. Consequently, they are extensively utilized in plug-in hybrid, battery electric vehicles (BEV), and hybrid electric vehicles (HEV), including e-rickshaws, e-cars, bikes, buses, loaders, etc., across India.
Request for a free sample copy of this report: https://www.imarcgroup.com/india-electric-vehicle-battery-market/requestsample
What are the growth prospects and trends in the India electric vehicle battery?
The shifting consumer preferences from fuel-based vehicles towards EVs are primarily driving the India electric vehicle battery market. Additionally, the inflating income levels of individuals, the growing need for the electrification of public transport, and the increasing number of car rental services, especially in metropolitan cities, are further bolstering the market growth. Besides this, the launch of favorable policies by government bodies to encourage the adoption of electric vehicles to curb air pollution levels, reduce their carbon footprint, and promote ecological sustainability is acting as another significant growth-inducing factor. Moreover, the rising popularity of autonomous EVs, declining costs of high-capacity Li-ion batteries, and continuous technological advancements are propelling the market growth across the country. Apart from this, the introduction of numerous customization options for EV batteries installed in loaders, excavators, trucks, buses, vans, etc., is also stimulating the market growth. Furthermore, extensive investments in R&D activities are projected to fuel the India electric vehicle battery market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 Vehicles
• Two-Wheeler
Breakup by Region:
• North India
• West and Central India
• South India
• East India
Who are the key players operating in the industry?
The report covers the major market players including:
• 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
• Toshiba India Pvt. Ltd
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=3962&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Browse Other Reports:
Diaphragm Pump Market Report- https://www.openpr.com/news/3040731/diaphragm-pump-market-size-to-reach-us-4-6-billion-by-2028
Push-to-Talk Over Cellular Market Report- https://www.openpr.com/news/3040684/push-to-talk-over-cellular-market-size-to-reach-us-8-2-billion
Insurance Analytics Market Report- https://www.openpr.com/news/3036754/insurance-analytics-market-2023-industry-trends-share-size
Hair Scissors Market Report- https://www.openpr.com/news/3036771/hair-scissors-market-size-to-reach-us-96-5-million-by-2028
Polyphenylene Sulfide (PPS) Market Report- https://www.openpr.com/news/3036711/polyphenylene-sulfide-pps-market-size-to-reach-us-2-4-billion
Advanced Distribution Management System Market Report- https://www.openpr.com/news/3036720/advanced-distribution-management-system-market-2023-2028
Contact us:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Report Highlights
How big is the India electric vehicle battery market?
The India electric vehicle battery market is expected to exhibit a growth rate (CAGR) of 27% during 2023-2028.
What is India electric vehicle battery?
An electric vehicle (EV) battery represents an energy storage device that offers electricity to power vehicle accessories and battery-based electric engines for propulsion. It aids in eliminating fuel dependency, minimizing carbon emissions, reducing maintenance costs, generating high energy per unit mass, etc. Some of the widely available EV batteries include nickel-metal hydride, lithium-ion, and lead-acid batteries. As compared to fuel-based engines, they offer a noise-free travel experience, a high power-to-weight ratio, cost-effectiveness, etc. Consequently, they are extensively utilized in plug-in hybrid, battery electric vehicles (BEV), and hybrid electric vehicles (HEV), including e-rickshaws, e-cars, bikes, buses, loaders, etc., across India.
Request for a free sample copy of this report: https://www.imarcgroup.com/india-electric-vehicle-battery-market/requestsample
What are the growth prospects and trends in the India electric vehicle battery?
The shifting consumer preferences from fuel-based vehicles towards EVs are primarily driving the India electric vehicle battery market. Additionally, the inflating income levels of individuals, the growing need for the electrification of public transport, and the increasing number of car rental services, especially in metropolitan cities, are further bolstering the market growth. Besides this, the launch of favorable policies by government bodies to encourage the adoption of electric vehicles to curb air pollution levels, reduce their carbon footprint, and promote ecological sustainability is acting as another significant growth-inducing factor. Moreover, the rising popularity of autonomous EVs, declining costs of high-capacity Li-ion batteries, and continuous technological advancements are propelling the market growth across the country. Apart from this, the introduction of numerous customization options for EV batteries installed in loaders, excavators, trucks, buses, vans, etc., is also stimulating the market growth. Furthermore, extensive investments in R&D activities are projected to fuel the India electric vehicle battery market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 Vehicles
• Two-Wheeler
Breakup by Region:
• North India
• West and Central India
• South India
• East India
Who are the key players operating in the industry?
The report covers the major market players including:
• 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
• Toshiba India Pvt. Ltd
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=3962&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Browse Other Reports:
Diaphragm Pump Market Report- https://www.openpr.com/news/3040731/diaphragm-pump-market-size-to-reach-us-4-6-billion-by-2028
Push-to-Talk Over Cellular Market Report- https://www.openpr.com/news/3040684/push-to-talk-over-cellular-market-size-to-reach-us-8-2-billion
Insurance Analytics Market Report- https://www.openpr.com/news/3036754/insurance-analytics-market-2023-industry-trends-share-size
Hair Scissors Market Report- https://www.openpr.com/news/3036771/hair-scissors-market-size-to-reach-us-96-5-million-by-2028
Polyphenylene Sulfide (PPS) Market Report- https://www.openpr.com/news/3036711/polyphenylene-sulfide-pps-market-size-to-reach-us-2-4-billion
Advanced Distribution Management System Market Report- https://www.openpr.com/news/3036720/advanced-distribution-management-system-market-2023-2028
Contact us:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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