India Battery Market to Reach $8.6 Billion by 2022 - Driven by Growth in Power Sector, Surging Transportation Needs & Increasing Battery Integration in Consumer Electronics - Research and Markets
07 Apr, 2017, 15:45 BST
DUBLIN, April 07, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "India Battery Market By Application (Automobile, Industrial, Two-wheeler & Others), Competition Forecast & Opportunities, 2011 - 2022" report to their offering.
The battery market in India is projected to reach $8.6 billion by 2022, on account of growing demand from automobile and industrial sectors.
The battery market in India is mainly driven by growth in power sector, surging transportation needs, increasing battery integration in consumer electronics and rising fuel saving initiatives. In India, several government measures such as promotion of solar power and clean fuel based automobile technologies are anticipated to propel demand for batteries in the country over the course of next five years. Moreover, rising investments in infrastructure developments coupled with growing telecom sector is projected to bolster growth in the country's battery market during 2017-2022.
Emergence of new data transmission technologies such as 4G would require upgradation of technological infrastructure such as establishment of new telecom towers, etc. This is projected to buoy growth in the country's battery industry in the coming years, as batteries form an integral part of operational telecom towers and associated infrastructure.
Strong growth in domestic production and exports of automobiles, coupled with expanding vehicle fleet is projected to drive demand for batteries from OEMs as well as replacement segments through 2022. Moreover, rising penetration of two-wheelers in semi urban and rural India is projected to surge replacement demand for two-wheeler batteries during the forecast period.
Companies Mentioned
- Amara Raja Batteries Limited
- Base Corporation Limited
- Exide Industries Limited
- HBL Power Systems Ltd.
- Luminous Power Technologies Pvt. Ltd.
- Okaya Power Pvt. Ltd.
- Samsung SDI Co. Ltd
- Southern Batteries Private Limited
- Su-Kam Power System Limited
- TATA Autocomp Gy Batteries Private Limited
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Analyst View
4. India Battery Market Outlook
5. India Automobile Battery Market Outlook
6. India Industrial Battery Market Outlook
7. India Two-Wheeler Battery Market Outlook
8. India Other Battery Market Outlook
9. Market Dynamics
10. Market Trends & Developments
11. Channel Partner Analysis
12. Price Point Analysis
13. Policy & Regulatory Landscape
14. India Economic Profile
15. Competitive Landscape
16. Strategic Recommendations
For more information about this report visit http://www.researchandmarkets.com/research/97ns8n/india_battery
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SOURCE Research and Markets