With ambitious targets to increase renewable energy in its power generation capacity, and increased focus on electric vehicles (EVs), India is making concerted efforts to promote the domestic manufacturing of EV components, renewable energy equipment and batteries.
According to the Fortune Business Insights Report, the centralized Battery Management System (BMS) segment will witness high growth. BMS is primarily an assembly of battery cells, electrically organized in a particular configuration to ensure a targeted range of voltage and current for a specific duration against expected load scenarios. The BMS market in India is anticipated to grow at a CAGR of over 15% by 2026, owing to the government’s push for battery-operated EVs for conserving energy and combating pollution. Moreover, the need for renewable power will propel the growth of the BMS market in the next five years.
Image Courtesy: www.elintindia.co.in
M/s Elint India (www.elintindia.co.in), established in 2012 in New Delhi, is a leading exporter, importer, and trader of a wide array of BMS, BMS Boards, Lithium-ion phosphate (LiFePO4), lithium batteries, prismatic cells, and battery Nickle strips in India. LiFePO4 is a critical component in EVs today as it offers a longer life cycle than Lithium-ion batteries. Apart from its superior thermal and chemical stability, LiFePO4 batteries are environmentally friendly as they are non-toxic, non-contaminating and contain no rare earth metals. They have a longer life span and offer more capacity than Lithium-Ion or Alkaline batteries.
Since its inception, Elint India has provided customized solutions and catered to all its customers by offering high-quality BMS and equipment. They offer an array of products in several configurations for a wide range of power, discharge, and management applications. With the growing demand for electric and hybrid vehicles the world over and rising environmental concerns, Elint India is well-positioned to garner this market.
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