Asia-Pacific Battery Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

 The Asia-Pacific battery market is estimated to grow at a significant CAGR during the forecast period. The increasing demand from end-user industries such as the automotive industry, consumer electronics industry, and energy & power industry tend to drive the regional growth of the market. Major economies contributing to the growth of the market include India, China, and Japan.

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The growing support from the Indian government to play a key role in the growth of the Asia-Pacific battery industry. India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as the country intends to promote the use of electric vehicles and cut down its dependence on oil.

“Currently, the battery energy storage industry is at a very nascent stage in India with investors being a little apprehensive to invest in a sunrise industry”, said the government. According to a proposal drafted by NITI Aayog, India plans to retain its import tax rate of 5% for certain types of batteries, including EV batteries, until 2022, however will increase it to 15% thereafter for promoting domestic manufacturing.

This policy creates an ample opportunity for the battery makers such as South Korea’s LG Chem and Japan’s Panasonic Corp/ as well as automotive players that have building Eves’ in India such as Tata Motors and Mahindra & Mahindra.

A full Report of Asia-Pacific Battery Market is Available at:  https://www.omrglobal.com/industry-reports/asia-pacific-battery-market

Market Coverage

  • Market number available for – 2018-2025
  • Base year- 2018
  • Forecast period- 2019-2025
  • Segment Covered- By Category, By Type, and By Application
  • Regions Covered- Asia-Pacific
  • Competitive Landscape- A123 Systems LLC, BYD Co. Ltd., Exide Industries Ltd., Hitachi Chemical Co. Ltd., LG Chem Ltd., Mitsui & Co. Ltd., Panasonic Corp., and Saft Group SA

Asia-Pacific Battery Market- Segmentation

By Category

  • Primary
  • Secondary

By Type

  • Lithium-Ion
  • Nickel-Metal Hydride (NI-MH)
  • Nickel Cadmium
  • Lead Acid
  • Others

By Application

  • Automotive
  • Industrial
  • Consumer Electronics
  • Power & Energy
  • Others

Asia-Pacific Battery Market– Segment by Region 

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Company Profiles

  •          A123 Systems, LLC
  •          Overview
  •          A123 Systems, LLC in Asia-Pacific
  •          A123 Systems, LLC in Battery Landscape
  •          Recent Developments
  •          Automotive Energy Supply Corp.
  •          BYD Co. Ltd.
  •          Contemporary Amperex Technology Co., Ltd.
  •          Exide Industries Ltd.
  •          GS Yuasa Corp
  •          Hitachi Chemical Co., Ltd
  •          KAYO Battery (Shenzhen) Co. Ltd.
  •          LG Chem Ltd.
  •          Mitsui & Co. Ltd.
  •          NGK Insulators Ltd.
  •          Panasonic Corp.
  •          ProLogium Technology Co., Ltd.
  •          Saft Groupe SA
  •          SAMSUNG SDI CO.,LTD
  •          SK Continental E-motion Korea Co., Ltd.
  •          Toshiba Corp.

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About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

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