From electric vehicles to renewable energy storage, battery technology plays a crucial role in powering our future. As the demand for efficient, longlasting energy storage solutions grows, so does the need for skilled professionals in this dynamic field.
In this article, we will explore the diverse career paths within the battery ecosystem, the skills required, and the future outlook, shedding light on the role of the Electronics Sector Skill Council of India.
Battery Industry: An Overview
Battery systems are essential in a wide range of applications, including consumer electronics, electric vehicles (EVs), renewable energy storage, and industrial processes. The industry is characterized by rapid innovation, driven by the need for higher energy densities, faster charging times, and greater overall efficiency. Key areas of focus include lithiumion technology, solid-state batteries, and alternative chemistries.
Indian battery market, valued at approximately USD 7.20 billion in 2024, is projected to grow to USD 15.65 billion by 2029, reflecting a compound annual growth rate (CAGR) of 16.80% over the forecast period (2024-2029). This growth is anticipated to be driven by several factors, including the expansion of new markets such as electric vehicles and battery energy storage systems, as well as the increasing adoption of automotive batteries in electric vehicles. Additionally, the development of local lithium-ion battery manufacturing in India is expected to present significant growth opportunities for the market. This information is based on a report by Mordor Intelligence.
Role of Electronics Sector Skills Council of India
This story is from the November 2024 edition of Bisinfotech.
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This story is from the November 2024 edition of Bisinfotech.
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