Battery Industry in India
Indian Battery Market is segmented by Technology (Lithium-ion Battery, Lead-acid Battery, and Other Technologies) and by Application (SLI Batteries, Industrial Batteries, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.), Portable (Consumer Electronics, etc.), Automotive Batteries (HEV, PHEV, and EV), and Other Applications).
India is one of the largest automobile markets in the world. A battery business in India is a lucrative venture since batteries are used in various industry verticals and are in constant demand. Energy storage is booming in India and the battery is an essential item required by businesses to operate efficiently.
As per the reports, the battery market in India is about to see a growth at a CAGR of more than 15% by 2030. This indicates a positive outlook on the industry.
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