Market demand for ACC battery in India 2022-2030

Published by
Shangliao Sun,
Jan 22, 2024
In 2022, the market demand for advanced chemistry (ACC) batteries was at 20 gigawatt hours (GWh). It was estimated that between 2022 and 2030, the compound annual growth rate for ACC battery demand would reach 50 percent. The growth was expected to be supported by local battery manufacturers and increased demand for electric vehicles in India.

Market demand for advanced chemistry battery in India in 2022 with estimate of 2030 (in GWh)

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Release date

August 2023

Region

India

Survey time period

2022

Supplementary notes

*estimated value

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