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researchrealmblog · 8 months ago

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Increasing Proliferation of Electric Rickshaws Driving Electric Rickshaw Motor and Controller Sales in India

Due to a number of growth factors, such as the increasing number of electric rickshaws on Indian roads and their surging average age and low operating cost, and government incentives and environmental policies, the Indian electric rickshaw motor and controller marketis expected to continue to witness rapid growth over this decade.

Get More Insights: https://www.psmarketresearch.com/market-analysis/india-electric-rickshaw-motor-and-controller-market

The demand for such motors and controllers in India is increasing owing to the proliferation of electric rickshaws in the nation, due to the escalating need for low-cost vehicles for first/last-mile connectivity, government support in the form of incentives, and their low operating cost. For instance, there were over 7 lakh electric rickshaws on Indian roads in 2018, which increased by about 6 lakh units from the number recorded in 2014. The sudden rise in the number occurred mainly due to the incentives and environmental policies implemented by the government.

Motors rated at 1,001–1,500 Watts of power outsell all other variants due to the existence of several local and unorganized companies providing 1,001–1,500-W electric motors in large numbers. Whereas, 1,501–2,000-W and >2,000-W motors are projected to observe a massive rise in their sales in the coming years. This would be because currently, most of the e-rickshaws are used to ferry passengers, but those used for transporting cargo are witnessing a rapid increase in sales around the country.

Battery rickshaw manufacturers, owners, and drivers generate the highest demand for motors and controllers. These rickshaws are the best substitutes for cycle rickshaws, as they do not require human power for propulsion and are relatively easy to operate. Moreover, due to their low operating and purchase costs than traditional auto rickshaws, the sale for battery rickshaws is increasing.

State-wise, Delhi registers the highest revenue from the sale of these components on account of the high sales of electric rickshaws and surging air pollution level in the state. In response to this, a subsidy of $439.6 (INR 30,000) on electric rickshaws was provided by the Delhi government in 2016. Similarly, product sales are burgeoning in Uttar Pradesh owing to the rising demand for electric rickshaws in the Tier-1 and Tier-2 cities, as well as the rural areas of the state.

However, in the past, the motors and controllers available in the country had no guarantee of quality, as they were produced by independent entities working at small factories often established inside workers’ homes. But, now, since the government implemented GST, such unorganized players have found it hard to sell their products, and they are now being overrun by established and well-known OEMs, such as Mahindra, Hero, and those based in China.

Thus, the growing adoption of electric rickshaws in India will drive the demand for motors and controllers in the foreseeable future.

#India Electric Rickshaw Motor and Controller Market Share #India Electric Rickshaw Motor and Controller Market Size #India Electric Rickshaw Motor and Controller Market Growth #India Electric Rickshaw Motor and Controller Market Applications #India Electric Rickshaw Motor and Controller Market Trends

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go-gmiresearch-blog · 6 years ago

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Global Rechargeable Battery Market Opportunities & Forecast (2018-2025)-GMI Research

Global Rechargeable Battery Market by Battery Type (Lead-acid, NiCD, NiMH, Li-ion and Poly Lithium); by Material Type (Nickel- Cadmium, Nickel- Metal Hydride, Lithium-ion, Lithium- Polymer among others); by Application (Electronics, Motor Vehicles and Others); by Industry (Automobile Industry, Telecom Industry among others) and by Geography – Opportunities & Forecast, 2018-2025

A rechargeable battery is an electrical battery that can be charged, as opposed to disposable batteries, which are rejected after use. A rechargeable battery is recharged by putting its terminals on a DC current; they are generally better alternatives as opposed to disposable batteries, as they are cost-efficient in the long term. Different types of rechargeable batteries are available in the market, including Lead-acid batteries, NiCD batteries, NiMH batteries, Li-ion batteries and Poly Lithium batteries. Rechargeable batteries are widely used across industries, namely automobile and telecom.

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The markets for rechargeable batteries have been gaining impetus due to mounting demand from the automotive industry, consumer durables, and electronic industry, among others. In addition, rapid growth in automotive industry and large-scale availability of different battery sizes and specifications is supporting the growth of the rechargeable battery during the forecast period.. The demand has also been boosted due to an increased use of portable electronic devices like laptops, UPS, Power banks among others; however, the primary deterrent during the forecast period, has been its high cost along with the availability of various substitutes, which often turn out to be fake and thereby short-lived.

The key players operating in the market include Battery Technology Inc., Beckett Energy systems, BYD Company Ltd. , Duracell Inc. , Eagle Picher Technologies, LLC, energizer Holdings, Inc. , E-One Moli Energy Corp., Eveready Industry India Ltd., FDK Corporation, GPB International Limited among others.

The global rechargeable battery market has been segmented based on the battery type, material, application and industry. Based on the battery type, a product comprises of Lead-acid, NiCD, NiMH, Li-ion, poly lithium-Ion battery. This report provides an in-depth global market analysis of rechargeable batteries based on battery type, material, application and industry within the period from 2018 to 2025. The report highlights some major drivers of growth as well as highlights challenges faced by the participants in the market. Moreover, the research report lends insight into the market size, based on which it forecasts the global trend ahead, analysing minutely the competitive landscape, the major players and their strategies as on 2018.

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Key questions answered in this research report: 1- At what pace is global rechargeable battery market growing? What will be growth trend in future? 2- What are the key drivers and challenges in the current market? What will be the impact of drivers and challenges in the future? 3- What are the regional revenue and forecasts? Which are the major regional revenue pockets for growth in the global rechargeable market? 4- What are the various application areas and how they are poised to grow?

Market Segmentation By Battery Type • Lead -acid Batteries • NiCD Batteries • NiMH Batteries • Li-ion Batteries • Poly Lithium-Ion Battery By Material Type • Nickel-Cadmium • Nickel-Metal Hydride • Lithium-Ion • Lithium-Polymer • Other o Sodium-Nickel Chloride o Rechargeable Alkaline o Zincair

By Applications • Electronics o Portable Electronics  Portable PC  Cellular Phones  Power Banks (Portable charger)  Others Portable electronics o Others  UPS  Medical devices  Others • Motor Vehicle/ Automobile o Four wheelers o Two wheelers o Three-Wheeler (E-Rickshaw)

By Industry Type • Automobile Industry • Telecom Industry • Others By Geography • North America As a part of customization o By Battery Type o By Material Type o By Application o By Industry Type o US o Canada o Mexico

• Europe As a part of customization o By Battery Type o By Material Type o By Application o By Industry Type o UK o Germany o Spain o Rest of Europe

• Asia-Pacific As a part of customization o By Battery Type o By Material Type o By Application User o By Industry Type o China o Australia o India o Rest of APAC

• ROW As a part of customization o By Battery Type o By Material Type o By Application o By Industry Type o Brazil o South Africa o GCC countries o Rest of world (remaining countries of the LAMEA region)

Leading market players • Battery Technology Inc. • Beckett Energy systems • BYD Company Ltd. • Duracell Inc. • Eagle Picher Technologies • Energizer Holdings Inc. • E-One Moli Energy Corp. • Eveready Industry India Ltd. • FDK Corporation • GPB International Limited

*Other prominent players in the market which can be profiled as a part of customization: • Highpower International Inc. • Jiangmen TWD Technology Co., Ltd. • Johnson Controls International Plc • Maxell Holdings, Ltd. • Panasonic Corporation

For more details, browse the Table of Contents : https://www.gmiresearch.com/report/global-rechargeable-battery-market.html

Related Report:

Global Lithium-Ion Battery Market by Type (Lithium Nickel Manganese Cobalt, Lithium Iron Phosphate, Lithium Cobalt Oxide, Lithium Titanate Oxide, Lithium Manganese Oxide, Lithium Nickel Cobalt Aluminum Oxide), Industry (Consumer Electronics, Automotive, Aerospace and Defense, Marine, Medical, Industrial and Power) and by Geography – Opportunities & Forecast 2016-2021

About US

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GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomics factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth.

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#rechargeable battery #markets for rechargeable batteries #global rechargeable battery market #gmi research

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maximizegn1 · 4 years ago

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India Electric Vehicle Components Market

India Electric Vehicle Components Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2027, reaching US$ XX Mn.

India Electric Vehicle Components Market

India Electric Vehicle Components Market Drivers & Restraints:

An Increasing adoption of electric vehicles & government initiatives towards electric vehicles like tax exemptions, purchase rebates, & financial incentives are the key reasons contributing towards the growth of electric vehicle component market in India. The decreasing price of the components that used in electric vehicles is boosting the manufactures to choose high quality components in the EV, thereby increasing the demand for the EV components market across India. In addition to this, increasing price of fuel, rapid depletion of fossil fuels & degradation of the environment owing to CO2 emission coupled with the growing environmental awareness among the buyers will further complement the demand for electric vehicles which in turn will fuel the demand for electric vehicle components in India. Though current crude oil prices fall is expected to slow down the short term growth of EV, India is expected to be a growth engine for EV vehicles by 2027.

Many multinational automotive key players are heavily investing in the R&D in order to develop progressive technologies for the electric vehicles to meet the changing demand of the buyers across India. The unceasing product improvement will attract a large number of buyers towards the adoption of electric vehicles in India. The Indian government is focusing towards the production of charging stations for the EV across India. For example, The Ministry of Power provided guidelines & standards for setting up charging infrastructure of Evs at every 3 Km. The Central government permitted the setting up of 2,636 EV charging stations around 62 cities in 24 states & Union Territories across the country. Through this action, the government inclines to encourage the manufacturers to launch new models of EVs with superior performance which will further accelerate the growth of EV components market in India.

Indian Government has increased custom duty on imports of battery-powered vehicles between 5 percent and 15 percent.

In a bid to incentivize local manufacturing of EVs, the Government of India on Feb 02, 2020, increased custom duty on imports of battery-powered vehicles between 5% and 15%. The move may lead to a cost increase for EV makers who import their vehicles as completely-built units or as knocked-down kits. Hyundai Motor India imports its Kona EV, however, an official close to the company said that its pricing had already accounted for higher duty as per the phased EV manufacturing plan of the government. However, it is still studying comprehensive impact of the budget & is yet to take a call on pricing.

Other imported electric vehicles include the MG Motor ZS EV as well as a clique of electric two- & three-wheelers as well as buses. The customs duty on completely built units of electric commercial vehicles have been increased from 25% to 40%, whereas the one with the internal combustion engine has been increased from 30% to 40%.

The tax on semi-knocked down forms of an electric passenger vehicle, three-wheeler has been increased from 15% to 30%, whereas semi-knocked down electric, buses, trucks & two-wheelers has been raised from 15% to 25%. The duty on completely knocked down forms of electric vehicles - all segments - passenger vehicles, buses, trucks, three wheelers and two-wheelers have been raised from 10% to 15%.

The government had relaxed duties on the import of EVs to spur value-addition in the local market & kick start the industry, but the relaxations will now be slashed to increase localized content as the government had indicated as part of the electric & hybrid vehicles adoption scheme. The move will likely affect electric rickshaws & buses imported from China the most, this is a step in the right direction, but the push towards local manufacturing will vary from segment to segment. The companies will be compelled to localize battery packs, motors & power control units which may call for local manufacturing. The move from imports to local manufacturing of parts may be high on lesser sophisticated three-wheelers versus buses as the volumes are large to justify the investment. The parts for commercial vehicles may be in thousands versus tens of for other segments.

The objective of the report is to present a comprehensive analysis of the India Electric Vehicle Components Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding India Electric Vehicle Components Market dynamics, structure by analyzing the market segments and project the India Electric Vehicle Components Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the India Electric Vehicle Components Market make the report investor’s guide.

For More Information Visit :https://www.maximizemarketresearch.com/market-report/india-electric-vehicle-components-market/63133/

India Electric Vehicle Components Market, by Components:

• Battery Pack • Chassis • Vehicle Body • Drivetrain • Others India Electric Vehicle Components Market, by Battery:

• Lithium-Ion • Lead Acid India Electric Vehicle Components Market, by Motor Type:

• AC Induction Motor • Permanent Magnet Motor • Brushless DC Motor India Electric Vehicle Components Market Key Players

• LG Chem Ltd. • Samsung SDI Co., Ltd. • SEG Automotive India Private Limited • Tata Motors Limited • Mahindra Electric Mobility Limited • Avtec Limited • Denso Corporation • ABB Group �� Exide Industries Ltd. • Bosch Limited

This Report Is Submitted By : Maximize Market Research Company

Customization of the report:

Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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Address : Pune, Maharashtra 411051, India.

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#India Electric Vehicle Components Market

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batjayashreerathod-blog · 5 years ago

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India Automotive Brushless DC Motors Market BLDC is projected to reach US$ XX Mn in 2026, and grow at CAGR of over XX% during forecast period.

An Increasing production of automobiles and preference for energy efficient system will drive the brushless DC motors during the forecast period.

In most of the Indian automotive companies, latest technologies are significantly being used, a growth of the brushless DC motors Market can be attributed to the increased usage of brushless DC motors across major industries, continued growth in automobile production, the transition towards energy-efficient motors and high maintenance cost for brushed DC motors.

Brushless DC (BLDC) motors are increasingly replacing induction motor and brushed DC motors due to their larger efficiency, long life, smooth torque delivery, and high-speed operation. However, in the past, their application has been limited due to the additional cost of the complex motor controller necessary to operate these motors. Also, controller costs have been trending downward in recent years such that application of brushless dc motors is on rising and expected to grow.

With the passage of time and new technology, it has become possible to reduce the brushes from DC motors. In a BLDC motor, permanent magnets are put on the rotor that moves around the stator. A controller/sensor is used to charge the stator coils as the shaft turns. BLDC motors are customized to meet customer's special requirements. Using cutting-edge materials and sensorless technology, these motors provide high performance with features and solution for an individual as well as industrial applications.

Electric rickshaws are recently becoming more popular in India since 2008 as an alternative to auto rickshaws and pulled rickshaw because of their low fuel cost, and less human effort compared to pulled rickshaws. These are being widely accepted as an alternative to Petrol/Diesel/CNG auto rickshaws. 3 wheels pulled by an electric motor ranging from 650-1400 Watts. These are being widely used in India, but those are being mostly manufactured in China, only a few other countries manufacture these vehicles.

Maxon motor is one of the leading players operated in India for brushless DC motor, they develop and build electric drives that pack some real power. Maxon’s DC motors are leading the industry worldwide. They are used wherever the requirements are high and engineers cannot afford compromises: maxon motors drive NASA's Mars rovers. They are established in high-precision industrial applications, race cars.

By Geography, Asia Pacific acquired the largest market share growth by North America due to increasing demand for consumer electronics and automotive product in China, India, Taiwan, South Korea, and Japan during the forecast period. India is being one from the rapidly developed country.

Key players operated in the market include johnson Electric (China), Ametek (U.S.), Nidec Corporation (Japan), Minebea (France), Allied Motion Technologies Inc. (U.S.), and Maxon Motor AG. COMPAGE automation system Pvt Ltd.

The scope of India Automotive Brushless DC Motors Market BLDC:

India Automotive Brushless DC Motors Market BLDC by Type:

• Inner Rotor Brushless DC Motors

• Outer Rotor Brushless DC Motors

India Automotive Brushless DC Motors Market BLDC by Speed:

• <500 RPM • 501 – 2000 RPM • 2001 – 10000 RPM • >10000 RPM

India Automotive Brushless DC Motors Market BLDC by End-User:

• Automotive

Key players operated in India Automotive Brushless DC Motors Market BLDC:

• johnson Electric

• Ametek

• Nidec Corporation

• Minebea

• Allied Motion Technologies Inc.

• Maxon Motor

• COMPAGE automation system pvt. Ltd

This Report Is Submitted By : Maximize Market Research Company

Customization of the report:

About Maximize Market Research:

Contact info:

Name: Lumawant Godage

Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.

Email: [email protected]

Address: Pune, Maharashtra 411051, India.

Contact: +919607195908

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nikitamanwar · 5 years ago

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Rechargeable Battery Market Forecast and Trends Analysis Research Report 2018-2025

GMI Research has published a new study titled “Global Rechargeable Battery Market by Battery Type (Lead-acid, NiCD, NiMH, Li-ion and Poly Lithium); by Material Type (Nickel- Cadmium, Nickel- Metal Hydride, Lithium-ion, Lithium- Polymer among others); by Application (Electronics, Motor Vehicles and Others); by Industry (Automobile Industry, Telecom Industry among others) and by Geography – Opportunities & Forecast, 2018-2025”, which orates the future prospects set to strike the Rechargeable Battery Market during the forecast period.

Request for Sample Report – https://www.gmiresearch.com/report/global-rechargeable-battery-market/sample-request

Request for Customization – https://www.gmiresearch.com/report/global-rechargeable-battery-market/request-for-customization

Market Segmentation By Battery Type • Lead -acid Batteries • NiCD Batteries • NiMH Batteries • Li-ion Batteries • Poly Lithium-Ion Battery

By Material Type • Nickel-Cadmium • Nickel-Metal Hydride • Lithium-Ion • Lithium-Polymer • Other o Sodium-Nickel Chloride o Rechargeable Alkaline o Zincair

By Applications • Electronics o Portable Electronics ? Portable PC ? Cellular Phones ? Power Banks (Portable charger) ? Others Portable electronics o Others ? UPS ? Medical devices ? Others • Motor Vehicle/ Automobile o Four wheelers o Two wheelers o Three-Wheeler (E-Rickshaw)

By Industry Type • Automobile Industry • Telecom Industry • Others

By Geography • North America As a part of customization o By Battery Type o By Material Type o By Application o By Industry Type o US o Canada o Mexico

• Europe As a part of customization o By Battery Type o By Material Type o By Application o By Industry Type o UK o Germany o Spain o Rest of Europe

• Asia-Pacific As a part of customization o By Battery Type o By Material Type o By Application User o By Industry Type o China o Australia o India o Rest of APAC

Report Analysis @ https://www.gmiresearch.com/report/global-rechargeable-battery-market/

About GMI Research

Media Contact

Company Name: GMI RESEARCH Contact Person: Media Relations Phone: +353 1 442 8820 Address:Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate City: Dublin State: Dublin Country: Ireland Website: www.gmiresearch.com

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