Daramic sees big opportunity in India’s battery market | mojo4industry
Despite the increasing demand for Lithium-ion batteries which are poised to become the next big thing in battery storage space, the lead-acid battery segment continues to hold the major share, accounting for around three-fifths of the global rechargeable batteries market. In India, the continued growth of lead-acid batteries is largely owing to the increasing demand for inverters from tier 2, tier 3 cities as part of the country’s rural electrification, as well as for energy storage solutions industrial applications. And while India continues to push for EVs, the need for lead acid battery to provide for auxiliary power will continue to grow as Lithium-ion battery is only replacing the IC engine in EVs, and not the lead acid battery. All these factors are expected to propel the lead acid battery market at a rapid pace in the coming decade.
Daramic, an Asahi Kasei Group company, and one of the world’s leading manufacturers of battery separators for automotive, industrial and speciality application is looking to capitalize on this opportunity as they continue to expand their presence in India.
Listen to the representatives from Daramic on the company’s future roadmap.
• Chad Schuchmann, President, Daramic
• Ahila Krishnamoorthy, Managing Director, Daramic
• John Moyer, CEO, Polypore International (an Asahi Kasei Group Company)