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The Asia-Pacific battery market is estimated to grow at a significant CAGR during the forecast period. The market growth is attributed to the increasing adoption of electric vehicles, the growing consumer electronics industry, and the growing renewable industry.
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Orion Market Research Asia-Pacific Battery Market, Size, Share, Analysis Report & Forecast to 2025 Request a Free Sample of our Asia-Pacific Battery Market: https://www.omrglobal.com/request- sample/asia-pacific-battery-market Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404
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. A full Report of Asia-Pacific Battery Market is Available at: https://www.omrglobal.com/industry- reports/asia-pacific-battery-market 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. Request a Free Sample of our Asia-Pacific Battery Market: https://www.omrglobal.com/request- sample/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. For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report- customization/asia-pacific-battery-market
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