Monday, December 09, 2013: According to www.researchandmarkets.com the Indian battery market is projected to remain optimistic throughout 2013 and the natural erosion of the unorganised sector is expected to continue to benefit the organised segment. Key drivers of the growth are the automotive and industrial sectors boosted by usage in the telecom, railways, power and other industrial applications. Globally, India is growing to be the seventh largest automobile market by 2016 and the third biggest by 2030. With the introduction of electric vehicles including e-bikes, solar rickshaws, buses and car, the coming decade is expected to see fast advancements in the market and a move over to lithium-ion and fuel cell technologies
The report ‘Assessment of the Battery Market in India’ highlights latest trends emerging in the market along with initiatives being taken by the major players. The current market scenario of the key market segments and future prospects of the sector has also been examined along with the challenges the sector is facing. The report contains latest verbatim of industry experts.
