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
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, shared examples from a wide range of industries – including en...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Consumers increasingly expect their electronic "things" to be connected to smart phones, tablets and the Internet. When that thing happens to be a medical device, the risks and benefits of connectivity must be carefully weighed. Once the decision is made that connecting the device is beneficial, medical device manufacturers must design their products to maintain patient safety and prevent compromised personal health information in the face of cybersecurity threats. In his session at @ThingsExpo...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...