India Battery Market, 2028 Is Growing With Demands For Electric Vehicles
India Battery Market is expected to show robust growth due to surging demands for efficient power and energy storage solutions. According to TechSci report on, “ India Battery Market , By Region, Competition Forecast & Opportunities, 2018 - 2028” India battery market may achieve an anticipated market value by 2028F growing with an impressive CAGR during the forecast period, 2024-2028. Rising demands for the efficient power storage solutions along with the growing concerns for higher energy consumptions, are driving the growth of the India battery market in the upcoming five years. During the fiscal year 2019-20, the gross electricity generation through utilities in the country was 1383.5 TWh and total electricity generation in India was 1598 TWh. Out of this energy generation, gross electricity consumption in the fiscal year 2019 was 1208 KWh per capita. Increasing consumption of the electrical energy and growing concerns for the energy storage further suppor...