Click here to close now.

Welcome!

News Feed Item

Increasing Demand for Smart Devices and Electric Vehicles Driving Li-Ion Batteries Market in India Says TechSci Research

BURNABY, Canada, January 27, 2014 /PRNewswire/ --

Growing Domestic Demand for Consumer Electronics, Automotive Applications and Favorable Government Initiatives to Drive Demand for Li-Ion Batteries in India

Lithium ion (Li-ion) batteries are rechargeable batteries witnessing increasing adoption in consumer electronics and automotive applications. India is one of the major Li-ion markets, exhibiting double digit growth. The demand for lithium ion batteries has increased exponentially due to growing demand for smartphones and tablet PCs over last few years. India stands at number three position, globally, in terms of overall smartphone unit shipments. Leading market players such as Samsung and Nokia are manufacturing their mobile phones in the country, which is significantly boosting demand for lithium ion batteries in India.

     (Logo: http://photos.prnewswire.com/prnh/20140117/663730 )

According to the recently published TechSci Research report "India Li-ion Batteries Market Forecast & Opportunities, 2018", the Indian Li-ion batteries market, in revenue terms, is projected to grow at a CAGR of around 24% during 2013-18. Sony, Samsung SDI and Heter Electronics are the leading suppliers of Li-ion batteries in India. However, these companies are currently heavily dependent on Li-ion battery imports from China, Taiwan, Japan and Korea.

The report reveals that the country's southern region generates highest demand for Li-ion batteries on account of significantly growing IT, electronics and automobile sectors in the region. The Li-ion batteries market is largely driven by consumer electronics segment due to high volume requirements in products like mobile devices, tablet PCs, laptops, camera, etc. On the other hand, usage of Li-ion batteries in automobile sector is relatively at its nascent stage in India. The concern of increasing Green House Gas (GHGs) emissions from vehicles, coupled with rising prices of gasoline products, have made the government to promote electric / hybrid vehicle/ plug-in electric vehicles in the country. Under the National Electric Mobility Mission Plan (NEMMP), the government has set a target of around 5 to 7 Million electric vehicles by 2020 in the country. In order to achieve this objective, the government has introduced various tax exemptions for Li-ion batteries used in electric vehicles in the 12th five year plan. Li-ion batteries provide inherent safety in electric vehicles compared to conventional batteries such as lead-acid. As a result, the demand for automobile Li-ion batteries is anticipated to increase exponentially during 2013-18.

"In India's lithium ion batteries market, lithium cobalt accounts for the largest share, in revenue terms, due to its increasing demand from consumer electronics applications. This battery type is expected to continue its dominance over the next five years, on account of growing smartphones and tablet PCs market. However, with the emergence and adoption of electric vehicles, the demand for lithium iron phosphate battery is projected to witness fastest growth rate", said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm.

"India Li-ion Batteries Market Forecast & Opportunities, 2018" has analyzed the potential of the Li-ion batteries market and provides statistics and information on market sizes, shares and trends. 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 the emerging trends along with essential drivers and key challenges faced by the industry.

Ken Mathews, Email: [email protected], +1-646-360-1656

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than
Agile, which started in the development organization, has gradually expanded into other areas downstream - namely IT and Operations. Teams – then teams of teams – have streamlined processes, improved feedback loops and driven a much faster pace into IT departments which have had profound effects on the entire organization. In his session at DevOps Summit, Anders Wallgren, Chief Technology Officer of Electric Cloud, will discuss how DevOps and Continuous Delivery have emerged to help connect dev...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
SYS-CON Events announced today that Harbinger Systems will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Harbinger Systems is a global company providing software technology services. Since 1990, Harbinger has developed a strong customer base worldwide. Its customers include software product companies ranging from hi-tech start-ups in Silicon Valley to leading product companies in the US a...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the ...
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
To many people, IoT is a buzzword whose value is not understood. Many people think IoT is all about wearables and home automation. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed some incredible game-changing use cases and how they are transforming industries like agriculture, manufacturing, health care, and smart cities. He will discuss cool technologies like smart dust, robotics, smart labels, and much more. Prepare...
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the...
The cloud has transformed how we think about software quality. Instead of preventing failures, we must focus on automatic recovery from failure. In other words, resilience trumps traditional quality measures. Continuous delivery models further squeeze traditional notions of quality. Remember the venerable project management Iron Triangle? Among time, scope, and cost, you can only fix two or quality will suffer. Only in today's DevOps world, continuous testing, integration, and deployment upend...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides private all-in-one social intranets allowing workers to securely collaborate from anywhere in the world and from any device. Social, mobile, and easy to use. MangoApps has been named a "Market Leader" by Ovum Research and a "Cool Vendor" by Gartner. 20,000+ business custome...
SYS-CON Events announced today that JFrog, maker of Artifactory, the popular Binary Repository Manager, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based in California, Israel and France, founded by longtime field-experts, JFrog, creator of Artifactory and Bintray, has provided the market with the first Binary Repository solution and a software distribution social platform.
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...