World News: 12:34 GMT Friday 11th January 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Jan. 11, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. India inverter battery market is forecast to surpass $ 1.86 billion by 2023Anticipated growth in the market can be attributed to increasing electricity demand, rising urbanization, major government housing schemes such as AMRUT & PMAY coupled with Smart City initiatives, which have resulted in boosting demand for power backup solutions in the residential sector. Moreover, increasing government focus to improve electrification rate in India coupled with technological developments is further expected to positively influence India inverter battery market in the coming years.
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Related Topics: Battery Technology, Electrical Switches
Globe Newswire: 12:34 GMT Friday 11th January 2019
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