PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: TechSci Research

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

India Lithium-ion Batteries Market to Grow at Over 35% CAGR till 2020 Forecasts TechSci Research - Increasing demand for renewable sources of energy coupled with favorable government initiatives for sustainable development to drive Lithium-ion batteries sales in India through 2020 - TechSciResearch.com
India Lithium-ion Batteries Market to Grow at Over 35% CAGR till 2020 Forecasts TechSci Research

 

NewswireToday - /newswire/ - Burnaby, British Columbia, Canada, 2015/02/12 - Increasing demand for renewable sources of energy coupled with favorable government initiatives for sustainable development to drive Lithium-ion batteries sales in India through 2020 - TechSciResearch.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

According to the recently published TechSci Research report “India Lithium-ion Battery Market Forecast and Opportunities, 2020” the market for lithium-ion (Li-ion) batteries in India is projected to witness double digit growth at over 35% CAGR during 2015-20. Lower consumer awareness, inadequate investments by companies, and lack of technological innovations curbed the proliferation of lithium ion technology till the past few years. However, rise in technological developments and increasing need for cleaner energy sources have brought Li-ion batteries on the forefront across various industries as well as end-use sectors. As of now, India predominantly depends on China, South Korea and Taiwan for Li-ion batteries since the country does not have indigenous manufacturing operations for these batteries. However, to offset this challenge, companies are planning to start production of advanced Li-ion batteries in India itself.

Under the new policies taken up by the government, adoption of Li-ion batteries is anticipated to grow at a tremendous pace in the coming years. Rising penetration of electric vehicles, substantial investments in clean and renewable energy sources, and the recently launched Make in India campaign are expected to boost the demand for Li-ion batteries in the country through the forecast period. Government of India has launched New Electric Mobility Mission Plan 2020, which projects to have 6-7 million electric vehicles running on Indian roads by 2020. Smart city projects and Green Energy Corridor for power generation from renewable sources would add to the overall installed capacity, thereby increasing the demand for energy storage batteries.

“In the coming years, India is expected to witness substantial investments by various companies to set up their Li-ion battery manufacturing base in the country. Considering the continuous increase in smartphone and electric vehicle penetration in the country, major players like Panasonic and China BAK already have plans to set up their manufacturing units in various parts of the country.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Lithium-ion Batteries Market Forecast & Opportunities, 2020” has analyzed the potential of Li-ion batteries market and provides statistics and information on market size, regional analysis for the battery industry. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: TechSci Research

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


India Lithium-ion Batteries Market to Grow at Over 35% CAGR till 2020 Forecasts TechSci Research

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Ken Mathews - TechSciResearch.com 
+91 12 04316223 ken.mathews[.]techsciresearch.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any TechSci Research securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From TechSci Research / Company Profile


Read Energy Most Recent Related Newswires:

Voith to Modernize Welsh Pumped Storage Plant Ffestiniog
GE’s Hornet Voltage Regulators Set to Swarm the Industrial Power Sector
GE Digital Production Manager MES Software Optimizes Paperless Manufacturing for Heavy Industrial Companies
Frost & Sullivan North America Summit to Provide Framework for Driving Oil & Gas into the Digital Age
aps Brings Battery Storage to Rural Arizona
High Growth Expected for Modular, Battery-based Energy Storage Systems as Utilities Target Energy Goals Finds Frost & Sullivan
Enel Group Completes Acquisition of Leading US-based Provider of Smart Energy Management Services EnerNOC
GE Signs 12-Year Agreement to Boost Help Reliability and Profitability at Daya Bay Nuclear Power Base in China
ABB Wins $30 Million Order to Strengthen Power Infrastructure in Iraq
New AREVA Signs A MOX Fuel Fabrication Contract with Japan
New AREVA’s EOS Dry Storage System Approved for Highest Heat-load Used Nuclear Fuel
ENGIE Leader of the 4th French Energy Regulatory Commission Solar Bidding with Nearly 100 MW Projects Awarded
Clarke Energy Chosen by APA to Supply GE’s Gas Engine Technology to Gruyere Gold Australian Mining Project
Invenergy and GE Renewable Energy Announce America’s Largest Wind Farm
Enel Awarded 339 MW of Solar Capacity in Spanish Renewables Tender

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  RightITnow Ltd

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)