Erratic Power supply and rising
solar power installations are likely to
fuel growth in India inverter battery market through 2023
According to recently
published TechSci Research report “India Inverter Battery Market
By Type, By Application, Competition Forecast & Opportunities, 2013 - 2023’’, India inverter battery market is
projected to reach $ 1.86 billion by 2023 on account of growing residential
sector and rising number of
initiatives being taken under the government’s ‘Make in India’ program.
Moreover, increasing
demand for inverter batteries from tier 1 and tier 2 cities is
likely to steer growth in the country’s inverter battery market over the next
five years. In 2017, Exide
Industries Limited accounted for the largest share in India inverter battery
market, followed by Luminous Power Technologies Pvt. Ltd. and Amara
Raja Batteries Limited. Exide Industries is likely
to maintain its dominance through the forecast period as well.
Browse 8
market data Tables and 36 Figures spread through 96 Pages and an in-depth TOC on
“India Inverter
Battery Market" https://www.techsciresearch.com/report/india-inverter-battery-market/3041.html
In 2017, residential sector accounted
for the largest application share in India inverter battery market and the
segment is likely to maintain its dominance during the forecast period. On the
basis of type, India inverter battery market is segmented into renewable and
non-renewable type, of which, non-renewable type of inverter batteries
accounted for the major revenue share in the market in 2017. As per the
regional analysis of India inverter battery market, North region grabbed the
highest market share in value terms over the last five year, and the region is
anticipated to be the largest regional inverter battery market over the next
five years as well.
Customers can also request for 10% free customization on
this report.
“By 2020, housing sector in India is
expected to contribute around 11% to India’s GDP. Moreover, private equity
investments in real estate are projected to grow to USD100 billion (INR6.7 trillion)
by 2026 with Tier I and II cities being the prime beneficiaries. Technological advancements
for the use of intelligent hybrid inverter batteries in energy deficit regions
in India is likely to provide better energy storage solutions in the foreseeable
future. All of these factors are expected to culminate into robust growth in
the country’s inverter battery market in the coming years.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Inverter
Battery Market By Type, By Application, Competition Forecast &
Opportunities, 2013 - 2023” has
evaluated the future growth potential of India inverter battery market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India inverter battery market.
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