India Electric Vehicle Component Market Size, Industry Trends, Share, Growth and Report 2024-2032

IMARC Group, a leading market research company, has recently releases report titled “India Electric Vehicle Component Market Report by Component (Battery Pack, Motor, Controller, Electric Vehicle Supply Equipment, DC-DC Convertor, and Others), Distribution (OEMs, Aftermarket), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the India electric vehicle component market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the India Electric Vehicle Component Market?

India electric vehicle component market size is projected to exhibit a growth rate (CAGR) of 18.20% during 2024-2032.

Report Attribute Key Statistics 
Base Year2023
Forecast Years2024-2032
Historical Years2018-2023
Market Growth Rate (2024-2032)18.20%

India Electric Vehicle Component Market Trends

The rising use of electric vehicles across the country is one of the factors responsible for the growth of the India electric vehicle component market. Additionally, one significant trend in this market is the increasing investment in battery technology, which is critical for the performance and range of EVs. Besides this, the development of battery management systems (BMS) is gaining importance to ensure the safety and efficiency of EV batteries, which is fueling the market. Moreover, the push by government authorities for EV adoption through incentives, subsidies, and initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme is also propelling the demand for advanced EV components, including batteries, motors, and power electronics. 


Another key driver in the India electric vehicle component market is the growing focus on local manufacturing and supply chain development. In addition to this, to reduce dependency on imports and enhance the self-reliance of the automotive sector, government authorities and private companies are investing in setting up domestic manufacturing units for critical EV components, which is stimulating the market. Furthermore, the market is positively impacted by the rise of start-ups and collaborations with international firms, fostering innovation and the development of indigenous technologies tailored to the market. In line with this, the expansion of charging infrastructure, supported by public and private sector initiatives, is also crucial in addressing range anxiety and promoting EV adoption, which is anticipated to drive the India electric vehicle component market over the forecasted period.

Request for a PDF sample of this report: https://www.imarcgroup.com/india-electric-vehicle-component-market/requestsample

India Electric Vehicle Component Market Report Segmentation:

The report is organized into distinct sections as follows:

Component Insights:

  • Battery Pack
  • Motor
  • Controller
  • Electric Vehicle Supply Equipment
  • DC-DC Convertor
  • Others

Distribution Insights:

  • OEMs
  • Aftermarket

Regional Insights:

  • North India
  • West and Central India
  • South India
  • East and Northeast India

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=21814&flag=C

Other Key Points Covered in the Report:

  • COVID-19 Impact
  • Porters Five Forces Analysis
  • Value Chain Analysis
  • Strategic Recommendations

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

 

Comments

Post a Comment

Popular posts from this blog

Predictive Analytics Market 2023-2028: Growth, Size (US$ 42.4 Billion), Industry Trends, Top Companies, Global Report

Image
IMARC Group, a leading market research company, has recently released a report titled “ Predictive Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 .” The study provides a detailed analysis of the industry, including the global predictive analytics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. How Big is the Predictive Analytics Market? The global predictive analytics market size reached US$ 12.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.4 Billion by 2028, exhibiting a growth rate (CAGR) of 21.9% during 2023-2028. What are Predictive Analytics? Predictive analytics encompasses a variety of statistical and modeling techniques and uses current and historical data to forecast activity, behavior, and trends. It involves applying data, machine learning, and algorithms to predict futu...
Read more

Europe Breakfast Cereals Market Size, Share, Trends, Industry Analysis, Report 2024-2032

Image
IMARC Group, a leading market research company, has recently releases report titled “Europe Breakfast Cereals Market Report by Category (Ready-to-Cook, Ready-to-Eat), Product Type (Corn-based Breakfast Cereals, Mixed/Blended Breakfast Cereals, and Others), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others), and Country 2024-2032” . The study provides a detailed analysis of the industry, including the Europe breakfast cereals market size , share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. How Big is the Europe Breakfast Cereals Market? Europe breakfast cereals market size is projected to exhibit a growth rate (CAGR) of 4.20% during 2024-2032. Report Attribute Key Statistics Base Year 2023 Forecast Years 2024-2032 Historical Years 2018-2023 Market Growth Rate (2024-2032) 4.20% Europe Breakfast Cereals Market Trends and Drivers: Th...
Read more

Europe Lingerie Market Size, Industry Trends, Share, Growth and Report 2024-2032

Image
IMARC Group, a leading market research company, has recently releases report titled “Europe Lingerie Market Report by Product Type (Brassiere, Knickers or Panties, Shapewear, and Others), Material (Cotton, Silk, Satin, Nylon, and Others), Price Range (Economy, Premium), Distribution Channel (Mass Merchandizers, Specialized Stores, Online Stores, and Others), and Country 2024-2032” . The study provides a detailed analysis of the industry, including the Europe lingerie market share , size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. How Big is the Europe Lingerie Market? The Europe lingerie market size is projected to exhibit a growth rate (CAGR) of 5.7% during 2024-2032. Report Attribute  Key Statistics Base Year 2023 Forecast Years 2024-2032 Historical Years 2018-2023 Market Growth Rate 2024-2032 5.7% Europe Lingerie Market Trends and Drivers:  The Europe lingerie market is prima...
Read more