#India Lithium-Ion Battery Recycling Market growth factors

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Explore the India Lithium-Ion Battery Recycling Market trends, share, revenue, outlook, future market insights, forecast, and analysis up to 2028.

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Exploring the Indian Battery Industry: Trends, Challenges, and Opportunities

The Indian battery industry has emerged as a crucial sector in the country's economic landscape, driven by rapid technological advancements and increasing demand across various sectors. From electric vehicles (EVs) to renewable energy storage, batteries are at the forefront of India’s transition to a more sustainable future. This blog will delve into the current state of the Indian battery market, key trends, challenges faced by the industry, and future opportunities. 

Current State of the Indian Battery Industry 

The Indian battery market is projected to be valued at USD 7.20 billion in 2024 and is anticipated to grow to USD 15.65 billion by 2029, reflecting a compound annual growth rate (CAGR) of 16.80% during the forecast period from 2024 to 2029. The market is primarily driven by the following factors: 

1. Rise of Electric Vehicles (EVs) 

The Indian government’s push for electric mobility has significantly boosted the demand for lithium-ion batteries. Initiatives such as the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme have incentivized manufacturers and consumers alike. Major automakers are investing heavily in EV technology, making India one of the fastest-growing markets for electric vehicles. 

2. Renewable Energy Storage 

As India aims to achieve 450 GW of renewable energy capacity by 2030, energy storage solutions have become essential. Batteries play a pivotal role in storing solar and wind energy, ensuring a stable and reliable energy supply. The demand for grid-scale battery systems is set to rise, providing a significant opportunity for manufacturers. 

3. Consumer Electronics 

With the proliferation of smartphones, laptops, and other electronic devices, the demand for batteries has surged. Lithium-ion batteries dominate this segment, with manufacturers constantly innovating to improve energy density and charging efficiency. 

Key Trends in the Indian Battery Market 

1. Technological Advancements 

The shift from lead-acid batteries to lithium-ion technology is reshaping the landscape. Innovations in solid-state batteries and battery recycling are gaining traction, aiming to enhance safety, efficiency, and sustainability. 

2. Government Initiatives and Policies 

The Indian government is actively promoting domestic battery manufacturing through policies like the Production-Linked Incentive (PLI) scheme. This initiative aims to make India a global hub for battery production, reducing dependency on imports and creating a robust supply chain. 

3. Sustainability and Recycling 

As environmental concerns grow, the focus on sustainable practices in battery production and recycling is becoming more prominent. Companies are investing in eco-friendly materials and processes, as well as establishing recycling facilities to recover valuable materials from spent batteries. 

Challenges Facing the Industry 

Despite the promising outlook, the Indian battery industry faces several challenges: 

1. Raw Material Dependency 

India relies heavily on imports for raw materials like lithium, cobalt, and nickel, which poses risks to supply chain stability. Developing domestic mining and refining capabilities is essential to mitigate this dependency. 

2. Infrastructure Development 

The lack of adequate charging infrastructure for electric vehicles and energy storage systems can hinder market growth. Investments in charging stations and grid enhancements are crucial for supporting the expanding battery market. 

3. Regulatory Framework 

Navigating the regulatory landscape can be complex for manufacturers. Streamlined regulations and incentives will be key to encouraging investment and innovation in the sector. 

Future Opportunities 

The future of the Indian battery industry is bright, with several opportunities on the horizon: 

1. Expansion of EV Market 

As consumer awareness grows and technology improves, the EV market will continue to expand. This growth will drive the demand for advanced battery technologies, offering opportunities for both established players and startups. 

2. Grid Energy Storage Solutions 

The increasing penetration of renewable energy sources presents opportunities for battery manufacturers to provide innovative energy storage solutions that enhance grid stability and reliability. 

3. Battery-as-a-Service (BaaS) 

The BaaS model is gaining traction, allowing businesses to lease batteries instead of purchasing them outright. This model can reduce upfront costs and promote wider adoption of battery technologies. 

Conclusion 

The Indian battery industry stands at a pivotal moment, with the potential to significantly impact the economy and the environment. By leveraging technological advancements, government support, and a growing market, India can establish itself as a leader in battery manufacturing and innovation. However, addressing challenges such as raw material dependency and infrastructure development will be crucial to unlocking this potential. As we look ahead, the synergy between industry stakeholders, policymakers, and consumers will be vital in shaping the future of the Indian battery market.    For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence: https://www.mordorintelligence.com/industry-reports/india-battery-market 

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Lithium-ion Battery Market - Changing Supply and Demand Scenarios By 2030

Lithium-ion Battery Industry Overview

The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. 

Automotive sector is expected to witness significant growth owing to the low cost of lithium-ion batteries. Global registration of electric vehicles (EVs) is anticipated to increase significantly over the forecast period. The U.S. emerged as the largest market in North America in 2023. Increasing EV sales in the country owing to supportive federal policies coupled with the presence of several players in the U.S. market are expected to drive product demand. Federal policies include the American Recovery and Reinvestment Act of 2009, which established tax credits for purchasing electric vehicles.

Gather more insights about the market drivers, restrains and growth of the Lithium-ion Battery Market

New Corporate Average Fuel Economy (CAFE) standards mandated fuel economy standards for passenger cars and Light Commercial Vehicles (LCVs) resulting in the expansion of electric drive technologies. Increasing product demand in smartphones owing to their extended shelf life and enhanced efficiency is expected to drive market growth. The increasing demand for EVs owing to growing consumer awareness about carbon emissions is expected to fuel market growth. A decline in the demand for lead-acid batteries, owing to EPA regulations on lead contamination and resulting environmental hazards coupled with regulations on lead-acid battery storage, disposal, and recycling, has led to an increase in the demand for Li-ion batteries in automobiles. Mexico has been a center of the global automotive industry as companies worldwide are eyeing to invest here.

Mexico is the fourth-largest exporter in automotive industry, after Germany, Japan, and South Korea. Growing automobile production in the country is anticipated to drive product demand. The COVID-19 pandemic has been a major restraint to market growth owing to several factors including reduced operational cost by end-users, coupled with disruption in the availability of spare parts due to sluggish manufacturing activities and logistics issues. Battery providers have taken subsequent steps to ensure efficient services to end-users that have signed long-term contracts with them. Vendors are opting for digital tools and are following prescribed preventative measures including social distancing norms and the use of protective kits in case of an on-site inspection and repair services required by end-users on a case-to-case basis.

Lithium-ion Battery Market Segmentation

Grand View Research has segmented the global lithium-ion battery market report based on product, application and region:

Product Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

Lithium Cobalt Oxide (LCO)

Lithium Iron Phosphate (LFP)

Lithium Nickel Cobalt Aluminum Oxide (NCA)

Lithium Manganese Oxide (LMO)

Lithium Titanate

Lithium Nickel Manganese Cobalt (LMC)

Application Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

Automotive

Consumer Electronics

Industrial

Energy Storage Systems

Medical Devices

Regional Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Russia

Spain

France

UK

Germany

Italy

Asia Pacific

China

India

Japan

South Korea

Australia

Central & South America

Brazil

Paraguay

Columbia

Middle East & Africa

South Africa

UAE

Egypt

Saudi Arabia

Browse through Grand View Research's Conventional Energy Industry Research Reports.

The global shore power market size was estimated at USD 2.0 billion in 2023 and is expected to grow at a CAGR of 10.4% from 2024 to 2030. 

The global gas turbine market size was estimated at USD 10.19 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2030.

Key Companies & Market Share Insights

The industry is extremely competitive with key participants involved in R&D and constant product innovation. Key manufactures include Samsung, BYD, LG Chem, Johnson Controls, Exide, and Saft. Several companies are engaged in new product development to improve their global market share. For instance, BYD and Panasonic hold a strong position on account of its increased manufacturing capacities and large distribution network.

Key Lithium-ion Battery Companies:

BYD Co., Ltd.

A123 Systems LLC

Hitachi, Ltd.

Johnson Controls

LG Chem

Panasonic Corp.

Saft

Samsung SDI Co., Ltd.

Toshiba Corp.

GS Yuasa International Ltd.

Order a free sample PDF of the Lithium-ion Battery Market Intelligence Study, published by Grand View Research.

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Advanced Battery Recycling Technologies Market Research and Share | Report 2024 to 2032 | Reports and Insights

The Reports and Insights, a leading market research company, has recently releases report titled “Advanced Battery Recycling Technologies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Advanced Battery Recycling Technologies Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Advanced Battery Recycling Technologies Market?

The global advanced battery recycling technologies market was valued at US$ 6.5 Billion in 2023 and is expected to register a CAGR of 21.2% over the forecast period and reach US$ 36.68 Bn in 2032.

What are Advanced Battery Recycling Technologies?                                                                                                                                                                            

Advanced battery recycling technologies are cutting-edge methods focused on efficiently recovering valuable materials from spent batteries while minimizing environmental harm. These technologies utilize sophisticated processes, including hydrometallurgical and pyrometallurgical techniques, to extract key elements such as lithium, cobalt, and nickel from battery components. By incorporating advanced sorting, chemical treatments, and purification methods, these systems improve the recovery rates of essential metals and reduce the dependence on new resources. They also tackle the increasing challenge of battery waste management, promoting a circular economy and supporting the sustainable advancement of energy storage technologies.

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What are the growth prospects and trends in the Advanced Battery Recycling Technologies industry?

The advanced battery recycling technologies market growth is driven by various factors and trends. The market for advanced battery recycling technologies is experiencing significant expansion, driven by the growing need to manage battery waste and recover valuable materials. With the rising demand for batteries in electric vehicles and renewable energy storage, there is an increasing focus on technologies that efficiently reclaim essential elements like lithium, cobalt, and nickel. Innovations in recycling methods, such as hydrometallurgical and pyrometallurgical techniques, are improving material recovery rates and promoting environmental sustainability. This market growth is supported by stricter regulations, government incentives for eco-friendly practices, and substantial investments in research and development. Leading regions, including North America, Europe, and Asia, are at the forefront of adopting and advancing these technologies to address the growing demand for effective battery recycling solutions. Hence, all these factors contribute to advanced battery recycling technologies market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Battery Type

Lithium-Ion Batteries

Lead-Acid Batteries

Nickel-Metal Hydride (NiMH) Batteries

Others

By Recycling Process

Direct Recycling

Pyrometallurgical Processes

Hydrometallurgical Processes

Biotechnological Processes

Mechanical Processes

By End-User Industry

Automotive

Consumer Electronics

Industrial

Others

North America

United States

Canada

Europe

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

Benelux

Nordic

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

BATX Energies

Argonne National Laboratory

Ascend Elements

Cylib

American Battery Technology Company

call2recycle

Fortum

ECOBAT

View Full Report: https://www.reportsandinsights.com/report/Advanced Battery Recycling Technologies-market

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Next Generation Energy Storage Market — Forecast(2024–2030)

Next Generation Energy Storage Market Overview

Next Generation Energy Storage is witnessing significant advancements driven by innovations in battery technologies, grid-scale solutions, and sustainable power systems. One prominent trend is the development of high-capacity, long-life batteries capable of storing renewable energy efficiently. These batteries are crucial for balancing the intermittency of renewable sources like solar and wind power, thereby enhancing grid stability and reliability. Moreover, there is a growing focus on enhancing the sustainability and environmental footprint of energy storage solutions, with an emphasis on recycling and eco-friendly materials. Additionally, advancements in grid-scale energy storage technologies are enabling utilities to manage peak demand more effectively and optimize energy distribution networks. Another notable trend is the integration of energy storage systems with electric vehicle charging infrastructure, facilitating the widespread adoption of electric vehicles and promoting energy grid integration. Overall, the evolution of Next Generation Energy Storage is reshaping the energy landscape, offering sustainable solutions to address the challenges of modern power systems.

Next Generation Energy Storage Market Report Coverage

The report: “Next Generation Energy Storage Market — Forecast (2024–2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Next Generation Energy Storage industry.

By Device: Ultracapacitors, Energy Grids, Batteries, Fuel Cells, Flywheels, Pumped Storage and Others.

By Application: Electronics, Oil and Gas, Transportation, Military, Marine, Mining, Manufacturing, Residential and Others.

By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands and Others), APAC (China, Japan India, South Korea, Australia & New Zealand, Indonesia, Malaysia, Taiwan and Others), South America (Brazil, Argentina, Chile, Colombia and others), and RoW (Middle East and Africa).

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Key Takeaways

The Next generation energy storage systems refers to the integration of renewable energy generation into the grid, for relatively large loads across periods extending up to the extended hours. The deployment of the innovative devices, such as Energy grids, Ultracapacitors, Batteries, along with the automation tools, such as smart inverters, physical sensors and advanced analytics are coordinating across a wider range of next-generation technologies.

The rising grid expansion and promising investment in advanced infrastructure across Mining, Manufacturing, Oil and Gas, Electronics and other industrial sectors are estimated to drive the market. In addition, the introduction of regulations for green energy, and rising demand in the energy efficiency promote the Next generation energy storage systems market.

The prominence of renewable energy investments by the major companies, including Beckett Energy Systems, Lockheed Martin Corporation, BYD Company Limited, FlexGen Power Systems and more, along with increasing electrification of the transport sector are denoting profitable opportunities for the growth of Next generation energy storage systems market in the forecast period.

Next Generation Energy Storage Market Segment Analysis — By Type

The market for Next Generation Energy Grid Energy Storage Systems is analyzed to grow at highest CAGR of 10.9% during the forecast period 2024–2030. There are growing research and development in terms of electricity storage for applications, such as Grid support, Electricity supply, Ancillary services, Renewables integration and more is considered as a prime success factor in increasing the market prominence of energy storage technologies. Presently, the lithium-ion and lead-acid batteries are becoming popular for residential users, and sodium-sulphur and other breakthrough batteries are majorly deployed in commercial sectors. The leading companies such as Beckett Energy Systems, BYD Company Limited, Energ2, Inc., Enersys, Enphase Energy, FlexGen Power Systems, Lockheed Martin Corporation, S&C Electric Company, UniEnergy Technologies, LLC. And AES Corporation played a significant role to accelerate the Next Generation Energy Storage Systems Market growth through extensive research and developments activities for product innovation.

Next Generation Energy Storage Market Segment Analysis — By End Use Industry

Transportation dominated the recycled polyethylene terephthalate market in 2023 and is analyzed to grow at a CAGR of 10.77% during forecast period 2024 to 2030. The Electric vehicles are the solution for this problem. However, there are many challenges like the less availability of charging stations. To overcome and fix these issues, what we need is efficient next generation energy storage system for electric vehicles which can store more energy and in efficient manner, thus longer running time of vehicles with one time charging. The serious growing issue of climate change needs adoption of sustainable Transportation system. Because the way the demand of vehicles on road is increasing, and with the expected growth rate of usage of vehicles, the peak oil demand could be reached very soon. With this they are ideal for use in short-distance electric vehicles such as taxis, trams and buses where the capacity to charge it is the time it takes for passengers to exit and enter a vehicle. Now virtually all automakers are offering plan to offer or are already offering fully electric vehicles or at least hybrid models.

Researchers from Imperial College London and University College London (UCL) are working towards creation of low-cost, high-energy supercapacitors which can power electric vehicles, and they have produced cheaper energy-dense electrode which is more sustainable and energy efficient and can make the way for wider market of high-power and rapid vehicle charging. In November 2019, Ford Unveiled its all-Electric vehicle, which was part of company’s 11 Billion plan to make 40 all electric and hybrid models by 2022. Volkswagen as well has increased its electric vehicle goal to 70 new models by 2028 with the earlier target of 50.

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Next Generation Energy Storage Market Segment Analysis — By Geography

North America is analyzed to be $ 8,490.98 Million in 2023, and is successfully contributing towards the growth of Next Generation Energy Storage Systems Market, and is also estimated to grow at a CAGR of 8.57% during 2024 to 2030. The Next Generation Energy Storage Systems Market is witnessing a significant growth in the U.S. due to the advent of the Solar PV and wind power technologies, both of which are recognised for their intermittent nature, and also account for a large portion of the renewable energy potential in the United States. The problem necessitates the development of more efficient battery energy storage devices. According to the U.S. Energy Information Administration by the end of 2022, operational utility-scale battery energy storage systems (BESSs) in the US had a total nameplate power capacity of 8,842 MW and a total energy capacity of 11,105 MWh. This has been aided significantly by price declines as well as strong governmental support at both the federal and state levels.

Next Generation Energy Storage Market Drivers

Growing Demand for Renewable Energy

Government globally is focusing on the society’s commitments to cutting carbon emissions in lune with the goal which is set out in the Paris agreement and many are putting renewable energy at the center of their strategy to meet those rapidly approaching commitments. Lower-emissions electricity generation from sources such as wind and solar power are the main building blocks of the future energy mix considered essential to bring down countries’ carbon footprints. As their share of the generation grows, there is a growing opportunity and need for next generation storage systems such as battery grids to help balance demand and supply fluctuations and to better integrate large volume of variable renewable energy. Further, the next generation storage systems market is led by the US and China, and with the leadership in both countries committed to increasing the share of electricity coming from ‘clean’ sources, energy storage capacity between them will need to increase sevenfold by 2030 from 55GW in 2020.

As per the Macquaire Organization in August 2021, in China alone, which is the world’s biggest power market and the largest investment destination for renewables, wind and solar capacity is expected to increase eightfold by 2040. Apart from this, U.S’s new goal of cutting emissions by half by 2030 could more than quadruple ESS capacity by then from 23GW in 2020. The mix that the cost of wind, solar and energy storage have fallen dramatically in the past decade — by 77 per cent, 35 per cent, and 85 per cent respectively- and it also opens up the potential for considerable new demand for these storage systems. As these systems enable high shares of renewable energy integration into the grid and can help transform the whole energy sector. Utility-scale batteries, for example, can enable a greater feed-in of renewable energy into the grid by storing excess generation during times of energy over-production for later use. Hence the growing need for renewable energy sources is creating ample number of growth aspects for the next generation energy storage systems market during the forecast period of 2024–2030.

Rising Demand for Solid State Battery

Solid-state battery development aims for a next-generation energy storage systems with higher energy density, fast charging capability, lower cost, and greater safety. Solid-state batteries have many potential applications across multiple industries, such as automotive, consumer electronics, industrial, aerospace, etc. There are two distinct categories of solid-state batteries: solid-state batteries with a very small energy capacity, already commercially available from several suppliers, aimed at applications in consumer electronics, while the biggest drive is for large-energy capacity (“bulk”) solid-state batteries for electric and hybrid electric vehicles (EV/HEVs). Many battery and automotive manufacturers have already presented their target roadmaps for mass production to secure a leadership role in the solid-state battery market despite the remaining technology and supply chain challenges. For Instance: As per the EE Times (Europe) in September 2021, Toyota is planning mass production of solid-state batteries from 2025. Quantum Scape and Panasonic are also planning mass production of solid-state batteries from 2025–2026, and Samsung SDI is working on solid-state batteries with mass production from 2027. In addition, many EV makers, such as Volkswagen, Hyundai, and BMW, have made investments in solid-state battery startups and are planning to launch their EVs with solid-state batteries in the coming years. For example, Volkswagen plans to launch its electric vehicles with solid-state batteries in about 2025, forging a partnership with startup Quantum Scape.

With this they are ideal for use in short-distance electric vehicles such as taxis, trams and buses where the capacity to charge it is the time it takes for passengers to exit and enter a vehicle. Now virtually all automakers are offering plan to offer or are already offering fully electric vehicles or at least hybrid models. For Instance: In November 2019, Ford Unveiled its all Electric vehicle, which was part of company’s 11 Billion plan to make 40 all electric and hybrid models by 2022. Volkswagen as well has increased its electric vehicle goal to 70 new models by 2028 with the earlier target of 50. Such factors would positively influence the growth of the next generation energy storage systems market during the forecast period of 2024–2030.

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Next Generation Energy Storage Market Challenges

Security Issues Preying Utility Sector

Security aspect is impacting energy & utility sector with the cyberattacks. This factor is somewhere restricting the next-generation energy storage systems market growth. Power and utilities systems that connect organizations and homes are essential types of critical infrastructure. A recent study conducted by Fortinet shows that attacks against energy utilities are among the top three most targeted sectors for cyberattacks in the US. In addition, Europe, Australia, and Japan have reported an increase in threats against critical infrastructure. This threat is caused by modernization of OT networks that control critical infrastructure. As IT and OT networks converge, the “air gap” that OT systems once relied on for cybersecurity is eliminated. Without any utility cybersecurity measures in place, these critical infrastructures are left at risk. The risk of a successful cyberattack on critical infrastructure could be severe — damaged power grids could leave cities in the dark, or even put lives at risk. Also, Nowadays, the battery energy storage system (BESS) has become an important component of the electric grid. It can serve multiple services such as frequency regulation, voltage control, backup, black start, etc.

Next Generation Energy Storage Market Landscape

The Next Generation Energy Storage market is moderately consolidated with key players are adopting strategies such as acquisition, product launches and others with the players and companies prevalent in the market. The top companies present in the market include the below.

BYD Company Limited

Energ2, Inc.

Enersys

Enphase Energy

Flex Gen Power Systems

Lockheed Martin Corporation

S&C Electric Company

AES Corporation

LG Energy Solution

NextEra Energy Inc.

Launches/Acquisitions

In September 2023, Ener Venue introduces its latest Energy Storage Vessels™ (ESVs) with enhanced capacity, density, and power, offering unparalleled advantages over lithium-ion batteries for various clean energy applications. Backed by an extended warranty and large-scale deals, the next-generation ESVs mark a significant step in advancing stationary storage solutions.

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Lithium-Ion Battery Market Size, Trends, and Business Outlook 2024-2030

The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. 

Automotive sector is expected to witness significant growth owing to the low cost of lithium-ion batteries. Global registration of electric vehicles (EVs) is anticipated to increase significantly over the forecast period. The U.S. emerged as the largest market in North America in 2023. Increasing EV sales in the country owing to supportive federal policies coupled with the presence of several players in the U.S. market are expected to drive product demand. Federal policies include the American Recovery and Reinvestment Act of 2009, which established tax credits for purchasing electric vehicles.

Gather more insights about the market drivers, restrains and growth of the Lithium-ion Battery Market

New Corporate Average Fuel Economy (CAFE) standards mandated fuel economy standards for passenger cars and Light Commercial Vehicles (LCVs) resulting in the expansion of electric drive technologies. Increasing product demand in smartphones owing to their extended shelf life and enhanced efficiency is expected to drive market growth. The increasing demand for EVs owing to growing consumer awareness about carbon emissions is expected to fuel market growth. A decline in the demand for lead-acid batteries, owing to EPA regulations on lead contamination and resulting environmental hazards coupled with regulations on lead-acid battery storage, disposal, and recycling, has led to an increase in the demand for Li-ion batteries in automobiles. Mexico has been a center of the global automotive industry as companies worldwide are eyeing to invest here.

Mexico is the fourth-largest exporter in automotive industry, after Germany, Japan, and South Korea. Growing automobile production in the country is anticipated to drive product demand. The COVID-19 pandemic has been a major restraint to market growth owing to several factors including reduced operational cost by end-users, coupled with disruption in the availability of spare parts due to sluggish manufacturing activities and logistics issues. Battery providers have taken subsequent steps to ensure efficient services to end-users that have signed long-term contracts with them. Vendors are opting for digital tools and are following prescribed preventative measures including social distancing norms and the use of protective kits in case of an on-site inspection and repair services required by end-users on a case-to-case basis.

Lithium-ion Battery Market Segmentation

Grand View Research has segmented the global lithium-ion battery market report based on product, application and region:

Product Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• Lithium Cobalt Oxide (LCO)

• Lithium Iron Phosphate (LFP)

• Lithium Nickel Cobalt Aluminum Oxide (NCA)

• Lithium Manganese Oxide (LMO)

• Lithium Titanate

• Lithium Nickel Manganese Cobalt (LMC)

Application Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• Automotive

• Consumer Electronics

• Industrial

• Energy Storage Systems

• Medical Devices

Regional Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Russia

o Spain

o France

o U.K.

o Germany

o Italy

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Central & South America

o Brazil

o Paraguay

o Columbia

• Middle East & Africa

o South Africa

o UAE

o Egypt

o Saudi Arabia

Browse through Grand View Research's Conventional Energy Industry Research Reports.

• The global shore power market size was estimated at USD 2.0 billion in 2023 and is expected to grow at a CAGR of 10.4% from 2024 to 2030. 

• The global gas turbine market size was estimated at USD 10.19 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2030.

Key Companies & Market Share Insights

The industry is extremely competitive with key participants involved in R&D and constant product innovation. Key manufactures include Samsung, BYD, LG Chem, Johnson Controls, Exide, and Saft. Several companies are engaged in new product development to improve their global market share. For instance, BYD and Panasonic hold a strong position on account of its increased manufacturing capacities and large distribution network.

Key Lithium-ion Battery Companies:

• BYD Co., Ltd.

• A123 Systems LLC

• Hitachi, Ltd.

• Johnson Controls

• LG Chem

• Panasonic Corp.

• Saft

• Samsung SDI Co., Ltd.

• Toshiba Corp.

• GS Yuasa International Ltd.

Order a free sample PDF of the Lithium-ion Battery Market Intelligence Study, published by Grand View Research.

[industryinsightsandanalysis]

Plastic Battery Containers Market: Current Analysis and Forecast (2022-2030)

According to a new report published by UnivDatos Markets Insights, the Plastic Battery Containers market was valued at USD 17 billion in 2021 & is expected to grow at a CAGR of 5% from 2022-2030. The analysis has been segmented into Battery Type (Lead Acid and Lithium Ion); Resin (Acrylonitrile Butadiene Styrene (ABS), Polypropylene (PP), and Others); End-User (Automotive, Consumer Electronics, and Industrial); Region/Country.

Click here to view the Report Description & TOC

The plastic battery containers market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the plastic battery containers market. The plastic battery containers market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the plastic battery containers market at the global and regional levels.

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Key Market Dynamics

At present, there is a growing trend for lightweight and durable products along with the increasing demand for electric vehicles in the market. With the popularity of electric vehicles, the demand for high-quality battery containers is also increasing. Since plastic battery containers have many advantages over traditional metal containers, including lighter weight and improved corrosion resistance. In addition, the development of advanced manufacturing technologies has made it possible to produce high-quality plastic battery containers at a lower cost. Also, many consumers demand products that are easy to handle and transport, transport, manufacturers are increasingly turning to plastic as a cost-effective and reliable material. Furthermore, many governments across the globe are implementing sticker regulations that are pushing manufacturers to adopt more sustainable practices.  As plastic battery containers are more eco-friendly than metal containers as they are easy to recycle and reuse easily.

COVID-19 Impact

The COVID-19 pandemic has paralyzed industries and disrupted manufacturing. The pandemic has resulted in hasty closures of national and internal borders, resulting in operational inefficiencies, and disrupted value chains, resulting in damage and lost revenue. Also, it is anticipated that many people in today’s time are moving towards clean energy. To keep that adoption of renewable energy is done. Due to this, the production of electric vehicles or portable devices is at a great pace. Thus, increasing the demand for plastic battery containers in the market.

The global plastic battery containers market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

Based on battery type, the market is bifurcated into lead acid and lithium ion. Lithium Ion category is expected to grow with a significant CAGR during the forecast period.

On the basis of resin, the market is categorized into acrylonitrile butadiene styrene (ABS), polypropylene (PP), and others. Among these, polypropylene is expected to grow with a significant CAGR during the forecast period.

Based on application, the plastic battery containers market has been classified into automotive, consumer electronics, and industrial. The automotive category is expected to grow with a significant CAGR during the forecast period.

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Plastic Battery Containers Market Geographical Segmentation Includes:

North America (U.S., Canada, Rest of North America)

Europe (Germany, U.K., France, Spain, Italy, Rest of Europe)

Asia-Pacific (China, Japan, India, Rest of Asia-Pacific)

Rest of the World

APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing prevalence of electric vehicles backed by growing disposable income and surging per capita spending of individuals in the emerging economies of the region is driving the growth of the market. Moreover, the growing demand for portable devices and the presence of leading manufacturers are further expected to support market growth within the region. Also, major players in the market continue to add more products to increase their business portfolio. For instance, In Sep 2022, Amara Raja Batteries proposed backward integration of the plastic molding business. The plastics component for the battery business of MIL caters exclusively to ARBL, providing plastic containers, covers, small parts, handles, and jars that are used in batteries.

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Plastic Battery Containers market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.

Recent Developments:

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the plastic battery containers market?

• Which factors are influencing the plastic battery containers market over the forecast period?

• What are the global challenges, threats, and risks in the plastic battery containers market?

• Which factors are propelling and restraining the plastic battery containers market?

• What are the demanding global regions of the plastic battery containers market?

• What will be the global market size in the upcoming years?

• What are global companies' crucial market acquisition strategies and policies?

• What are the descriptive profiles of key companies along with their SWOT analysis?

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[tritonmarketresearchamey]

Global Battery Market: Projected Development During 2024-2032

The global battery market is anticipated to grow at a compound annual growth rate of 15.79% from the forecast period of 2024 to 2032. Read our Press Release

According to Triton’s research report, the Global Battery Market report is sectioned by Battery Type (Secondary Battery, Primary Battery), Technology (Lead-Acid, Lithium-Ion, Nickel-Cadmium, Nickel Metal Hydride, Nickel-Zinc (NiZn), Flow, Sodium-Sulfur (NaS), Zinc-Manganese Dioxide, Small Sealed Lead-Acid, Other Technologies), End-Use (Automotive Batteries, Industrial Batteries, Portable Batteries, Power Tools Batteries, SLI Batteries, Other End-Uses), and Regional (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)

The report highlights the Market Summary, Industry Outlook, Impact Analysis, Porter’s Five Forces Analysis, Market Attractiveness Index, Regulatory Framework, Key Buying Impact Analysis, Supply Chain Analysis, Key Market Strategies, Market Drivers, Challenge, Opportunities, Analyst Perspective, Competitive Landscape, Research Methodology, and Scope. It also provides Global Market Size Forecasts & Analysis (2024-2032).

According to Triton Market Research, the global battery market is anticipated to grow at a compound annual growth rate of 15.79% from 2024 to 2032.

A battery is a device that converts stored chemical energy into electrical energy as needed. It comprises electrochemical cells, each containing electrodes and an electrolyte. Batteries are crucial in various sectors, including consumer electronics, automotive, energy storage, and industrial applications. 

Several factors are creating lucrative opportunities for the battery market globally, including a growing focus on second-life battery applications, demand for larger battery packs, and development in battery technologies. As electric vehicle batteries approach the end of their primary lifespan, there is a growing effort to explore their potential for second-life applications. These batteries could be repurposed for less demanding uses, such as backup power or grid balancing services. Additionally, ongoing research aims to refine the repurposing process and extend the batteries’ overall longevity.

However, the battery market’s expansion is limited owing to issues pertaining to battery recycling, raw material cost fluctuations, and safety concerns. 

The Asia-Pacific is set to become the fastest-growing region in the battery market. In both advanced and emerging economies across the region, the adoption of electric vehicles is steadily gaining momentum. China stands out as a global leader in electric vehicle sales, while countries like India are actively upgrading their public transportation networks to accommodate electric vehicles. This rising demand for electric vehicles serves as a primary catalyst driving the growth of the battery market in the region.

The major companies in the battery market consist of Johnson Controls Inc, GS Yuasa International Ltd, Samsung SDI Co Ltd, Exide Technologies, Panasonic Corporation, Enersys, BYD Company Limited, A123 Systems LLC, Saft Groupe SA, and C&D Technologies Inc. 

The threat of new entrants in the global battery market is assessed as low. While demand for batteries is robust, the barriers to entry are considerable. New players face significant initial costs, compliance with environmental regulations, and adherence to government policies. Establishing a manufacturing facility entails substantial upfront and ongoing expenses, posing a challenge to newcomers. Moreover, establishing a brand presence in a highly competitive market and matching the quality and product range of established firms is daunting. As a result, the overall threat posed by new entrants in the global market is expected to remain subdued throughout the forecast period.

[researchrealmblog]

With Growing E-Commerce Sector, Forklift Market To Witness 2.8% CAGR between 2020 and 2030

Rising significantly from 2017, the share of the e-commerce sector in the total global retail sales reached 14% in 2018. Further, by 2021, almost 17% of the total retail sales across the world are expected to be made through online shopping channels. This is because such platforms offer customers the price flexibility and fast delivery service they are looking for.

This factor is expected to propel the global forklift market, which garnered $33,878.7 million revenue in 2019, to $42,519.4 million by 2030, at a 2.8% CAGR between 2020 and 2030. This is because, to meet the rising number of online shopping orders, e-commerce and logistics firms are focusing on increasing their operational efficiency by deploying such vehicles. In addition, with the shelf height increasing and aisle width decreasing at warehouses, new forklifts, especially designed for such constraints, are witnessing rising sales.

Like companies across various other sectors, forklift manufacturers are also subject to the ill-effects of the COVID-19 situation. Due to the ceasing of manufacturing activities, companies offering forklifts as well as their components would need to alter their strategies and come up with a more-efficient supply chain model. The ripple effects of the current shutdown in several countries are expected to be witnessed till at least the entire 2021.

Forklift Market Segmentation Analysis

During 2014–2019, class 5 forklift trucks generated the highest revenue in the industry, owing to their high popularity in emerging economies, such as China and India. They are preferred for heavy-lift applications, especially in places where the risk of tire punctures is high, as such vehicles have pneumatic tires. Their payload capacity is between 3,000 and 55,000 pounds (1,360 and 25,000 kg), which makes them suitable for heavy lifting.

The counterbalance bifurcation, under segmentation by product, dominated the industry in the past. These trucks have two forks at the front, and they are able to get quite close to the load to be picked and moved. They are designed for varying loads and conditions, which makes them popular for logistical operations.

During the forecast period, the higher value CAGR, of 3.4%, is projected to be witnessed by the electric bifurcation, on the basis of engine type. This is attributed to the rising concerns regarding the emission of greenhouse gases (GHG) from fossil-fuel vehicles. In addition, class 1, 2, and 3 trucks are pressed in lightweight lifting, for which electricity can easily provide the required power. Another reason for the increasing sale of electric forklifts would be the gradual decline in the cost of lithium-ion (Li-ion) batteries.

Presently, Asia-Pacific (APAC) is the most lucrative forklift market, due to the rapid growth in the automotive and retail industries in India, South Korea, Japan, and China. In addition, regional governments are implementing strict mandates for security and safety at the workplace, which is leading to the quick deployment of such trucks. In the years to come, the fastest rise in the adoption of forklift vehicles would be seen in the Latina America, Middle East & Africa (LAMEA) region, on account of the swift industrialization and popularity of the warehousing model.

Partnerships Rank High among Strategic Developments in Market

In order to increase their sale and customer base, companies in the industry are entering into partnerships, as such moves allow forklift manufacturers to:

Equip their vehicles with advanced automation software

Make the trucks controllable via voice commands

Together develop improved vehicles

Manufacture and recycle Li-ion batteries

Sell spare parts in the international market

The most prominent players in the global forklift market include KION Group AG, Toyota Industries Corp., Hyster-Yale Materials Handling Inc., Jungheinrich AG, Mitsubishi Logisnext Co. Ltd., Crown Equipment Corp., Hangcha Group Co. Ltd., Anhui Forklift Truck Group Corp., Doosan Corp., and Komatsu Ltd.

Source: P&S Intelligence

[energionpowermax]

Best Battery Manufacturer in India

Batteries play a crucial role in powering various devices and industries, from smartphones to electric vehicles. In India, the demand for high-quality batteries has been on the rise, leading to the emergence of several top-notch battery manufacturers. Choosing the best battery manufacturer in India requires a careful assessment of various factors, including reliability, performance, and sustainability.

Factors to Consider When Choosing a Battery Manufacturer

When selecting a battery manufacturer, it's essential to consider factors such as:

Reliability: How dependable are the batteries in terms of performance and lifespan?

Performance: What is the battery's energy density, efficiency, and charging speed?

Technology: Does the manufacturer utilize cutting-edge technology in battery production?

Sustainability: Are the batteries environmentally friendly, with recyclable materials and eco-friendly production processes?

Cost: How does the cost of batteries from different manufacturers compare, considering their features and quality?

Overview of the Indian Battery Manufacturing Industry

India has witnessed significant growth in its battery manufacturing industry, catering to diverse sectors such as automotive, electronics, renewable energy, and telecommunications. Key players in the Indian market include Exide Industries, Amara Raja Batteries, Luminous Power Technologies, and Tata Chemicals.

Best Battery Manufacturers in India and Their Specialties

Exide Industries: Known for its automotive and industrial batteries, Exide Industries has a strong presence in the Indian market. Their batteries are recognized for their reliability and long life.

Amara Raja Batteries: Specializing in automotive and industrial batteries, Amara Raja Batteries focuses on innovation and quality. They are renowned for their maintenance-free batteries.

Luminous Power Technologies: Luminous is a leading name in inverters and home UPS systems. They offer a range of batteries known for their durability and performance.

Tata Chemicals: Tata Chemicals manufactures a variety of batteries, including lithium-ion batteries for electric vehicles. They are committed to sustainability and eco-friendly practices.

Comparison of Top Battery Manufacturers

In comparing these manufacturers, factors such as battery lifespan, energy efficiency, technology integration, and environmental impact are crucial. Each manufacturer has its strengths, catering to different market segments and customer preferences.

Impact of Technological Advancements

Technological advancements, such as the development of lithium-ion batteries and smart battery management systems, have revolutionized the battery manufacturing sector. These innovations have led to improved performance, longer battery life, and enhanced safety features.

Sustainability Practices in Indian Battery Manufacturing Companies

Many Indian battery manufacturers are adopting sustainable practices, such as using recycled materials, reducing waste, and investing in clean energy solutions for their production processes. These efforts align with global trends towards environmental conservation.

Future Trends and Innovations

The future of battery manufacturing in India looks promising, with ongoing research and development focusing on next-generation batteries, including solid-state batteries and advanced energy storage solutions. These innovations aim to address challenges such as energy storage capacity and environmental impact.

Conclusion

In conclusion, the best battery manufacturer in India depends on specific requirements and preferences, such as reliability, performance, technology, and sustainability. Leading companies like Exide Industries, Amara Raja Batteries, Luminous Power Technologies, and Tata Chemicals offer diverse options to meet varying customer needs.

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[marketreports2022]

Powering the Future: A Comprehensive Overview of the Mobile Energy Storage System Market

Mobile Energy Storage System Market Overview

The Mobile Energy Storage System (MESS) Market is experiencing significant growth, driven by the escalating demand for portable power solutions across various sectors. These systems, characterized by their ability to store and deliver electricity on the go, cater to diverse applications ranging from emergency backup power to off-grid energy solutions. The market's expansion is underpinned by the growing adoption of renewable energy sources, advancements in battery technology, and the increasing need for energy resilience in remote and underserved regions.

Market Dynamics:

The growth of the Mobile Energy Storage System market can be attributed to several key factors. Firstly, the proliferation of renewable energy technologies, such as solar and wind power, has intensified the need for efficient energy storage solutions to mitigate intermittency issues. MESS provides a versatile means of storing excess energy generated during peak production periods for use during low or no production periods, thereby enhancing the reliability and stability of renewable energy systems.

Moreover, the rising demand for mobile power solutions in off-grid applications, disaster relief efforts, military operations, and outdoor events has fueled the adoption of MESS. These systems offer a flexible and scalable alternative to traditional stationary energy storage solutions, enabling rapid deployment and repositioning as per the requirement.

Market Segmentation:

The Mobile Energy Storage System market can be segmented based on technology, application, and end-user verticals. Lithium-ion batteries dominate the market owing to their high energy density, longer lifespan, and rapid recharge capabilities. However, other technologies such as flow batteries and fuel cells are also gaining traction, particularly in specialized applications that demand extended runtime and robust performance under harsh environmental conditions.

In terms of applications, MESS finds extensive utilization in transportation, telecommunications, construction, entertainment, and residential sectors. Additionally, military and defense organizations leverage these systems for powering remote bases, command centers, and electronic warfare equipment.

Regional Outlook:

Geographically, North America and Europe hold significant market shares, driven by the presence of established players, supportive regulatory frameworks, and increasing investments in renewable energy infrastructure. Asia-Pacific is anticipated to emerge as a lucrative market due to rapid industrialization, urbanization, and the expanding focus on clean energy solutions across emerging economies like China, India, and South Korea.

Future Outlook:

The Mobile Energy Storage System market is poised for robust growth in the foreseeable future, propelled by ongoing technological advancements, declining battery costs, and the expanding application scope. However, challenges related to safety, regulatory compliance, and recycling of end-of-life batteries remain areas of focus for industry stakeholders. Overall, the market presents abundant opportunities for innovation and market penetration, driven by the imperative for sustainable and resilient energy solutions in an increasingly mobile world.

[meghanester]

Lithium-ion Battery Market Grow with a CAGR of ~19% During 2023-2035 and Attain ~USD 479 Billion by 2035

Research Nester’s recent market research analysis on “Lithium-ion Battery Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global lithium-ion battery market in terms of market segmentation by type, component, capacity, application, and by region.

Growing Government Initiatives to Promote Global Market Share of Lithium-ion Battery

Many governing bodies worldwide are setting "zero carbon" goals, which has led to a higher demand for electric vehicles (EVs) and the lithium-ion batteries that power them. The UN reports that over 70 nations have committed to achieving a net-zero target, covering around 76% of global emissions, including the top three polluters: China, the United States, and the European Union.

The National Blueprint for Lithium Batteries, which lays out the industry's future from 2021 through 2030, was also made public by the White House. The blueprint's main objectives are to enhance raw material procurement, provide domestic lithium processing, and promote lithium recycling.

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Some of the major growth factors and challenges that are associated with the growth of the global lithium-ion battery market are:

Growth Drivers:

Rising Adoption of Smartphones

Enlargement of Renewable Electricity Sources

Challenges:

One major concern is the environmental impact of lithium extraction, handling, and disposal, as well as the production process itself.

One of the biggest problems with lithium-ion batteries is when they overheat due to a condition called thermal runaway. This occurs when the battery generates too much heat that triggers a chemical reaction, which further increases the temperature and leads to more reactions in a destructive chain.

By type, the market is segmented into lithium nickel manganese cobalt oxide (LI-NMC), lithium iron phosphate (LFP), and lithium cobalt oxide (LCO). In 2021, lithium cobalt oxide had the highest market share of 34.4% and is expected to continue expanding during the forecast period. The demand for batteries used in portable electronic devices, computers, digital cameras, and other electronics is steadily increasing. Additionally, these batteries are widely used in applications such as automobiles, telecom towers, and home inverters that require an uninterrupted power supply, further driving market growth.

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By region, the Asia Pacific lithium-ion battery market is estimated to hold the largest share of 48% by 2035 and is anticipated to grow during the forecast period. According to the China Association of Automobile Manufacturers (AMMA), China sold approximately 1.12 million battery electric vehicles (BEVs) in 2020 - making it the largest market for electric vehicles worldwide. This trend is expected to continue in the coming years. With the growing middle-class population in China and India, there is a rising demand for consumer electronics, which is prompting lithium-ion companies to make significant investments in these regions.

Europe is expected to hold a significant share of the market. Europe's automobile manufacturing market is expanding due to Germany's leadership in the industry. The need for lithium-ion batteries is on the rise as a result of the growing demand for energy storage solutions, the increase in electric vehicle usage due to environmental concerns, and significant investments in lithium-ion battery research projects.

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This report also provides the existing competitive scenario of some of the key players of the global lithium-ion battery market which includes company profiling of Seimens, Lyten, Inc, Yoshino Technology, Ascend Elements, Ola Electric, Hyundai Motor Group, Panasonic Holdings Corporation, Itochu Corporation, Suzuki Motor Corporation, TOSHIBA CORPORATION, and others.

About Us

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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[cmipooja]

Global Cobalt Oxalate Market Is Estimated To Witness High Growth Owing To Increasing Demand for Electric Vehicles

The global Cobalt Oxalate market is estimated to be valued at US$ 792 million in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Cobalt Oxalate is a chemical compound widely used in various industries such as automotive, aerospace, electronics, and energy storage. It is primarily used as a precursor for the production of cobalt-based materials. The increasing demand for electric vehicles (EVs) is one of the key factors driving the growth of the Cobalt Oxalate market. Cobalt Oxalate is extensively used in the cathode material of lithium-ion batteries, which are the heart of EVs. The growing adoption of EVs globally is fueling the demand for Cobalt Oxalate. Market Key Trends: One key trend observed in the Cobalt Oxalate market is the shift towards sustainable and ethical sourcing of cobalt. Cobalt mining has faced significant criticism due to issues related to child labor, human rights violations, and environmental pollution. As a result, many companies are focusing on responsible sourcing to address these concerns. For instance, Umicore N.V., a key player in the Cobalt Oxalate market, has implemented strict responsible sourcing policies that ensure cobalt is sourced from mines and refineries adhering to ethical standards. PEST Analysis: Political: The political factors affecting the Cobalt Oxalate market include government regulations and policies related to environmental protection and responsible sourcing. This includes regulations on emissions, waste management, and labor standards. Economic: The economic factors influencing the Cobalt Oxalate market include macroeconomic conditions, such as GDP growth, disposable income, and consumer spending. Economic stability and growth in emerging economies are driving the demand for electric vehicles, thereby increasing the demand for Cobalt Oxalate. Social: The social factors impacting the Cobalt Oxalate market include changing consumer preferences towards sustainable and eco-friendly products. Increasing awareness about the environmental impact of traditional fuel vehicles has led to a shift towards electric vehicles, driving the demand for Cobalt Oxalate. Technological: Technological advancements in battery technologies, such as improved energy density and longer battery life, are driving the demand for Cobalt Oxalate. Additionally, research and development activities focused on cobalt recycling and alternative materials are further shaping the technological landscape of the market. Key Takeaways: - The Global Cobalt Oxalate Market Demand is expected to witness high growth, exhibiting a CAGR of 5.6% over the forecast period, due to increasing demand for electric vehicles. - Regionally, Asia Pacific is expected to be the fastest-growing and dominating region in the Cobalt Oxalate market. This can be attributed to the rapid adoption of electric vehicles in countries like China and India.

[eashwa]

Top Electric Two-Wheeler Manufacturers in India: Spotlight on E-ashwa Automotive Pvt. Ltd.

Top Electric Two-Wheeler Manufacturers in India: Spotlight on E-ashwa Automotive Pvt. Ltd.

Introduction:

The Indian electric vehicle (EV) market has been experiencing rapid growth in recent years, with a strong emphasis on sustainable transportation solutions. One of the prominent players in this evolving landscape is E-ashwa Automotive Pvt. Ltd., https://www.eashwa.com/a key manufacturer of electric two-wheelers. In this blog post, we will take a closer look at E-ashwa Automotive and its contributions to the Indian electric mobility sector.Top electric scooter manufacturers on road price.

Company Overview:

E-ashwa Automotive Pvt. Ltd. is an innovative and forward-thinking company dedicated to producing high-quality electric two-wheelers. Established in [year], the company has quickly gained recognition for its commitment to eco-friendly and efficient transportation solutions. E-ashwa's focus on research, design, and technology has positioned it as a notable player in the Indian EV industry.best e scooter company in India.

Range of Electric Two-Wheelers:

E-ashwa Automotive offers a diverse range of electric two-wheelers designed to cater to various customer preferences and requirements. Their product lineup includes:

a. Electric Scooters: E-ashwa's electric scooters are designed for urban commuting, offering a clean and convenient alternative to traditional gasoline-powered scooters. These scooters boast impressive acceleration, range, and features that cater to the modern rider's needs.

b. Electric Bikes: The company also manufactures electric bikes that combine performance and sustainability. These electric bikes are aimed at providing an exhilarating riding experience while reducing environmental impact.Top electric two wheelers manufacturers in India.

Technological Innovations:

E-ashwa Automotive stands out for its emphasis on technological innovation in the electric mobility sector. The company's electric two-wheelers incorporate cutting-edge battery technology, efficient power management systems, and intelligent features that enhance the overall riding experience.Top electric two wheelers manufacturers in India.

a. Battery Technology: E-ashwa's electric vehicles are powered by advanced lithium-ion battery packs, offering optimal energy density and range. These batteries are designed for durability and reliability, making them well-suited for India's diverse terrains and conditions.

b. Connectivity: Many of E-ashwa's electric two-wheelers come equipped with smart connectivity features, allowing riders to stay connected while on the go. These features may include smartphone integration, GPS navigation, and vehicle diagnostics.

Commitment to Sustainability:

E-ashwa Automotive's https://www.eashwa.com/commitment to sustainability goes beyond just manufacturing electric vehicles. The company takes a holistic approach by incorporating eco-friendly manufacturing processes, recyclable materials, and a focus on reducing the carbon footprint throughout the entire lifecycle of its products.

Customer-Centric Approach:

One of the factors contributing to E-ashwa Automotive's success is its customer-centric approach. The company prioritises customer satisfaction by offering responsive customer support, easy maintenance, and a reliable after-sales service network.top electric scooter manufacturers in India.

Conclusion:

E-ashwa Automotive Pvt. Ltd. has emerged as a significant player in India's electric two-wheeler market, driven by its dedication to innovation, sustainability, and customer satisfaction. As the Indian EV industry continues to grow, E-ashwa's contributions are poised to play a pivotal role in shaping the future of urban mobility. With its impressive range of electric scooters and bikes, technological advancements, and commitment to a cleaner environment, E-ashwa Automotive is undoubtedly a manufacturer to watch in the evolving landscape of electric mobility in India.top electric scooter manufacturers in India.

‘’

E-Ashwa ke sath Bharo Udaan

For more information visit us:

Visit us: https://eashwa.com

Call us: +91-7723866666, 9045099190

[pravalika]

Needle Coke Market - Forecast (2023 - 2028)

Needle Coke Market size was valued at $3.7 billion in 2019 is forecast to reach $5.3 billion by 2025, after growing at a CAGR of 6.1% during 2020-2025. Needle Coke is a premium grade high value petroleum coke utilized for the manufacturing of the graphite electrodes. The major factor driving the growth of the market studied is rapidly increasing demand from steel manufacturing industry. Emerging economies such as China, India and others, is estimated to fuel market demand. Additionally, growing Graphite electrodes demand from aerospace industry is assessed to create opportunities for the market in the coming years. However, frequent fluctuations in crude oil prices is estimated to negatively impact the market growth.

Report Coverage

The report: “Needle Coke Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Needle Coke Industry.

By Type: Petroleum Based and Coal Based.

By Grade: Intermediate, Premium and Super Premium.

By Application: Graphite Electrode, Special Carbon Material, Lithium Ion Battery and Others.

By Geography: North America, South America, Europe, Asia Pacific, and Rest of World.

Key Takeaways

Petroleum based needle coke held a larger market share in 2019, owing to its ability to withstand high-temperature conditions among other factors.

Among all the applications, electrodes accounted for the largest market share in 2019 and is projected to grow at a rate of XX% during the forecast period, 2020-2025.

The demand for lithium-ion batteries as well as growth of the steel industries are some of the key factors, fueling the growth of the needle coke market. 

Asia Pacific dominated the needle coke market with a share of more than XX% in 2019 due to rise in infrastructure and growth of the manufacturing sector.

The prevailing COVID-19 pandemic has severely affected businesses worldwide. As majority of automotive companies and manufacturers have shut down production, the industry operators are likely to witness decline in the demand for needle coke.

Needle Coke Market Segment Analysis - By Type

Petroleum based needle coke held a larger market share in 2019 and is projected to grow at a rate of XX% in the forecast period, 2020-2025. The ability to withstand high-temperature conditions, specifically in steel production, as well as less harmful effect on environment are some of the key properties of petroleum-based needle coke, fueling the market demand. The petroleum needle coke market is primarily driven by demand for graphite electrodes from the steel industry. High demand for steel from industries such as automotive, transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others is propelling the steel industry. 

Needle Coke Market Segment Analysis - By Application

Among all the applications, electrodes contributed the largest market share in 2019 and is projected to grow at a rate of XX% during the forecast period, 2020-2025. Graphite electrodes find usage in electric arc furnace (EAF) and ladle furnace (LF) for production of steel, silicon metal production, ferroalloy production, and smelting processes, among others.

Needle Coke Market Segment Analysis - Geography

Asia Pacific dominated the needle coke market with a share of more than 38% in 2019. Development of infrastructural activities in this region, primarily in China, India, and Malaysia. The market dominance of the region is owing to the growing infrastructure and growth of the manufacturing sector. During the forecast period, 2020-2025, the new energy vehicle industry in China is projected to grow rapidly and China's favorable policy about the recycling of resources is estimated to accelerate the development of electric furnaces. China's output of needle coke is projected to be more than 1,300 kilo-ton in 2025, showing a CAGR of XX% between 2020 and 2025.

Needle Coke Market Drivers

Rising demand in steel recycling market

Surging demand in steel recycling is another factor propelling the growth of the global needle coke market in future. Since, needle coke is an important part in steel industry, is projected to witness a solid growth. Rising demand for petroleum-based coke in order to generate energy is projected to drive the market in future. Moreover, beneficial properties of this coke type, such as less breakage, low thermal expansion coefficient, and electric resistance are projected to boost the market growth during the forecast period, 2020-2025.

Surge in demand for of lithium-ion batteries

Increase in use of various automobiles such as electric & hybrid vehicles, rise in demand from electrical & electronics industry are some of the key reasons fueling the demand for lithium-ion batteries. As one of the key components used to manufacture lithium-ion batteries is needle coke, rise in the demand for lithium-ion battery is going to fuel the demand for needle coke.

The lithium-ion battery market was valued $XX billion in 2019, and is forecast to reach $XX billion by 2025, at a CAGR of XX% from 2020 to 2025. High price of lithium-ion batteries is limiting the growth of the market currently, however, multiple advantages associated with lithium-ion batteries are estimated to increase its adoption in the forecast period.

Needle Coke Market Challenges

Fluctuation in crude oil prices

Fluctuation in the entire natural gas and crude oil sector is estimate to negatively impact the growth of needle coke market caused primarily due to gap in demand and supply of needle coke. Moreover, even though the petroleum products are assessed to depict a substantial growth in future, the economic and political instability with respect to the sale of these products is estimated to hamper growth of needle coke market. 

Market Landscape

Increased production of coke to improve the refinery margins, rise in investment are some of the key strategies adopted by players in the needle coke market. The market appears to be fragmented owing to the emergence of several players all over the world. Major players in the needle coke market are Phillips 66, Asbury Carbon Inc., Seadrift Coke L.P., Sumitomo Chemical Company, Mitsubishi Chemical Corp., JXTG Nippon Oil & Energy Corp., Indian Oil Corporation Limited, GrafTech International, Essar, Baosteel Group and Others. 

Acquisitions/Technology Launches

In August 2019, Indian Oil Corporation Limited (IOCL) invested $1.3 billion in expanding its Paradip refinery capacity from 15 million tons per annum (mtpa) to 25 mtpa. 

In April 2019, Sumitomo Chemical Company invested $150 million into a new project at the Changzhou National Hi-Tech District (CND) facility of Sumika Electronic Materials (Changzhou) Co., Ltd.

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Electric Vehicle Battery Market - Forecast, 2022 - 2027

Electric Vehicle Battery Market is analysed to grow at a CAGR of 20.31% during the forecast 2022-2027 to reach $116.34 billion. An electric-vehicle battery (EVB) is also known as a traction battery that is used to power the electric motors of an electric vehicle. These batteries are usually rechargeable batteries, and are typically lithium ion battery & nickel metal hydride battery based. These batteries are specifically designed for a high ampere-hour or kilowatt-hour with a wide range of capacities. Increasing government policies and investment for the deployment of the public charging infrastructure coupled with the increasing efficiency of the electric vehicle battery management system is expected to create significant growth for the demand of electric vehicle batteries during the forecast period.  

Report Coverage 

The report: “Electric Vehicle Battery Industry Outlook – Forecast (2022-2027)”, by Industry ARC covers an in-depth analysis of the following segments of the Electric Vehicle Battery Market.  

By Battery Type: Lithium-Ion Batteries, Nickel-Metal Hydride Batteries, Lead-Acid Batteries, Ultracapacitors and Others. 

By Battery Capacity: <50 kWh, 51-100 kWh, 101-300 kWh and >300 kWh. 

By Electric Vehicle Type: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV) and Fuel cell Electric vehicle.  

By Application: Electric cars (Passenger Cars and Commercial Cars and Others), Electric scooters and Others. 

By Geography: North America(U.S., Canada and Mexico); Europe(U.K., Germany, Italy, France, Spain, Russia, Rest of Europe); APAC (China, Japan, South Korea, India, Australia, Rest of APAC); South America (Brazil, Argentina, Rest of Americas); Row (Middle East & Africa). 

Key Takeaways 

Electric Vehicle Battery Market Segment Analysis - By Battery Type 

By Battery Type, the Electric Vehicle Battery Market Report is segmented into Lithium-Ion Batteries, Nickel-Metal Hydride Batteries, Lead-Acid Batteries, Ultracapacitors and Others. Lithium-Ion Batteries are analysed to hold highest share 33.47% in 2021 owing to its huge adoption across various electric vehicles and other technical advantages over other battery types. The lithium-ion battery offers high energy density, fast recharging capability and high discharge power as compared to other batteries. Lithium-ion batteries are the only available technology that is capable of meeting OEM requirements for vehicle driving range and charging time. Furthermore, the recycling of Li-ion batteries is expected to secure the supply of raw materials, such as lithium and cobalt, and reduce the reliance on extracting and refining materials from mineral resources. Recycling of lithium-ion batteries that are currently being used in electric vehicles offers an excellent opportunity for companies to utilize the refined constituent materials for manufacturing lithium-ion batteries that can be used for energy storage systems (ESS). These factors tend to drive the demand of lithium ion batteries in the Electric vehicle battery market during the forecast period. 

Electric Vehicle Battery Market Segment Analysis–By Application 

By Application, the Electric Vehicle Battery Market Report is segmented into Electric cars (Passenger Cars and Commercial Cars) and Electric scooters. Electric cars are analysed to hold the highest share of 64.21% during the forecast period 2022-2027 owing to the increasing production of electric cars over electric scooter. For instance, according to International Energy Agency (IEA), electric car sales share showed an exponential growth by elevating from 4.3% in 2020 to 25% in 2025 and is forecasted to reach 60.9% by 2030. This huge production and sales of electric cars tend to drive its market growth during the forecast period and will contribute significantly in the Electric vehicle batter market growth.  

Electric Vehicle Battery Market Segment Analysis – By Geography 

Asia-Pacific is analysed to be the major region with a share of 35% in 2021 for the Electric Vehicle Battery Market owing to the availability of leading market players for the Electric vehicle battery market coupled with increasing deployment of electric vehicles in this region. China is one of the largest markets for electric vehicles, and the increasing adoption of electric vehicles in the country has been in line with the clean energy policy and this will tend to propel the demand of electric vehicle battery during the forecast period. Moreover, the Government of China has been providing both financial and non-financial incentives to promote the adoption of electric vehicles. Favourable policies, such as the energy efficiency standards and increasing peak demand charges and technological advances in China and India is expected to drive the demand for Electric vehicle battery in this region. For instance, according to International Energy Agency (IEA), global electric car stock in China is highest in 2020 accounting for 3.5 million BEV and 1 million PHEV. This huge availability of electric car tend to drive the Electric vehicle battery market growth during the forecast period. 

Electric Vehicle Battery Market Drivers 

Increasing demand of zero emission vehicles owing to increasing environmental concerns across the globe is driving the Electric Vehicle Battery Market growth  

Increasing environmental concerns to limit the production of conventional vehicles which has adversely affected global environment structure has propelled the demand of electric vehicle batteries. Widespread global concerns regarding the negative effect of climate change along with alarming pollution levels recorded in major cities have created a significant demand for zero emission vehicles. The rise in petrol and diesel prices has added to the demand for fuel-efficient vehicle and enhanced the need for advanced fuel-efficient technologies, leading to a surge in demand for electrically powered vehicles. Economic incentives and regulatory measures are often coupled with other policies that increase the value proposition of EVs. Such policies often aim to harness the multiple co-benefits arising from greater electrification of transport, most prominently energy diversification in a sector that is 90% dependent on oil products and the reduction of local pollutant and GHG emissions. This tend to drive the demand of electric vehicle batteries across the globe, further driving its market growth. 

Increasing registration of electric vehicles across the globe is propelling the demand of electric vehicle batteries 

Increasing registration of electric vehicles across various parts of the world is analysed to bring significant growth in the demand of electric vehicle battery. With the increasing technological advancement and environmental friendly offerings of electric vehicles is set to drive the global automotive sector during the forecast period. This has brought a major growth in the manufacturing of high efficient and long standing rechargeable batteries. Moreover, conventional automotive manufacturers who used to develop conventional fuel based automobiles are investing in their research and development for the addition of electric vehicle segment in their portfolio. This will further drive the demand of electric vehicle batteries across the globe, further driving its market growth. For instance, according to International Energy Agency (IEA), registration of electric cars in China elevated from 257 thousands units in 2016 to 931 thousand units in 2020. This increasing registration of electric cars will further drive the market growth of electric vehicle battery during the forecast period.   

Electric Vehicle Battery Market Challenges 

Lack of charging infrastructure and technical limitations is analysed to hamper the Electric Vehicle Battery Market growth 

One of the most important factors restraining the market growth of Electric Vehicle Battery Market across the global is the lack of charging infrastructure. There is no doubt that the popularity of electric vehicles has grown exponentially in last few years owing to the environmental concerns, but with the limited availability of charging infrastructure across various parts of a country tend to limit the market growth of electric vehicle batteries during the forecast period. Moreover, Electric vehicle batteries are limited by range and speed over conventional fuels such as petrol and diesel. Most of the electric cars have a range of about 50-100 miles and need to be recharged again and again if used at maximum throttle. In addition, battery life is another major concern, the electric vehicle battery generally last for about 3-4 years if used at maximum efficiency which is needed to be replaced. This limits the adoption of electric vehicle further bringing major challenges in the electric vehicle battery market growth during the forecast period.  

Electric Vehicle Battery Industry Outlook

Production Innovation, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Electric Vehicle Battery Market. In 2021, the market of Electric Vehicle Battery industry outlook has been fragmented by several companies. Electric Vehicle Battery top 10 companies include  

CATL 

Panasonic Corporation 3.

Mitsubishi Electric Corporation 4.

LG CHEM LTD 

SAMSUNG ELECTRONICS CO. LTD 

BYD Company Limited  

Wanxiang Group Corporation 

Beijing Pride Power Battery Technology Co Ltd 

Tianneng Power International Limited 

Inverted Energy 

Acquisitions/Technology Launches/Partnerships 

In December 2020, LG Chem Ltd announced its plans to double the production capacity of battery cells in China for Tesla Inc electric vehicles (EV) in 2021 to keep up with its US client's growth in the biggest car market.  

In November 2020, Delhi-based battery maker Inverted Energy announced the opening of its lithium battery manufacturing facility in New Delhi, India. The commissioning of the plant, which currently has a production capacity of 100 MWh (megawatt hour) annually, is aimed at reducing dependence on China.