Storage Batteries Sector Growing in India, an Industrial Info Market Brief

According to a report by Mordor Intelligence, the lithium-ion storage batteries industry will grow at compound annual growth rate of 34.8%, which will include new production units and expansion in the existing ones. Exide and Amara Raja are going to be the biggest contributors to this expected growth. Industrial Info is tracking 19 capital projects for energy storage battery projects in India, valued at $5.86 billion. Click here for a list and see map below for locations.