Industry Outlook On Global Industrial Safety Market by Knowledge Sourcing Intelligence

Industrial Safety Market: Asia Pacific to Witness Rapid Growth

Introduction

Industrial Safety Market comprises of sensors, logic solvers, and final control elements to ensure process safety in a plant when predetermined conditions are violated. According to supply chain studies, the industrial safety market has been segmented on the basis of product, component and end-user industry. By product, the market is segmented into fire and gas monitoring and control, burner management systems (BMS), turbomachinery control (TMC), high integrity pressure protection systems (HIPPS), and emergency shutdown systems (ESD). By end-user industry, the market is segmented into oil and gas, healthcare, mining manufacturing, power generation, paper and pulp, energy and power, chemicals among others. By component industrial safety market has been segmented into sensors, safety controllers/module/relays, emergency stop devices, safety switches, and programmable safety systems among others.

Drivers and restraints of Industrial Safety Market

The market growth is influenced significantly by government regulations such as EU machinery directives and North America’s OSHA standards. Apart from government regulations, technological advancements and increasing demand from developing nations are driving the industrial safety market growth. However, the major limiting factors are the complexity of standards, lack of awareness and the high cost of Industrial Safety products.

Market Segmentation

By product, the emergency shutdown systems segment is expected to witness rapid growth as it helps in preventing the hazard by shutting down a plant, equipment, or unit. By end-user, the market of power generation segment is expected to grow rapidly owing to wide-scale usage of fire and gas monitoring and control, burner management systems (BMS), emergency stop devices and other industrial safety devices due to the involvement of huge risk in the industry. There is a huge requirement of high safety for power plants in this industry which is increasing the industrial safety market size. By component, the market of programmable safety systems is expected to grow at a rapid pace as it helps in the execution of safety instructions.

Geographically, North America and Europe region are expected to have a significant market share of the global industrial safety market share. The market share is projected on account of stringent regulations in the region. The market of the Asia Pacific region is expected to grow at a rapid pace owing to rapid industrialization in the emerging economies of the region. The booming manufacturing industry in the Asia Pacific region is also contributing to the growth of the Asia Pacific industrial safety market. The growth of oil and gas and power generation industries in the region is further propelling the market growth.

The industrial safety market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirements. As a result, they are increasingly integrating with other players. The key players include ABB, Emerson Electric, HIMA Paul Hildebrandt, Schneider Electric, and Siemens among others.

Key Questions Answered in This Report:

What are the key regions having a significant market share?
What are the drivers and restraints of the market?
Who are the key market players in the industrial safety market?
What is the market segmentation of the market?
Who are the end-users of the market?

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Industry Outlook On Global Aspartame Market by Knowledge Sourcing Intelligence

Aspartame Market: Beverage Segment Expected to Grow at a Rapid Pace

Introduction

Aspartame is a high-intensity low-calorie sweetener that is approximately 200 times sweeter than sugar. Aspartame is used in packaged diet products. It helps in reducing body weight and tackling obesity. Moderate intake of aspartame is good for the health. However, excessive intake of aspartame can lead to excessive production of methanol in the body. According to industry research, the aspartame market is segmented by application, end-user industry, and geography. By application, the market is segmented into beverages, dairy products, confectionary assorts, seasonings, medicine, and nutritional products, and others. By end-user industry, the market is segmented into food and beverages, healthcare, agriculture, and cosmetics.

Drivers and restraints of Aspartame Market

The demand for aspartame will grow on account of rising awareness towards the adoption of a healthier lifestyle and a balanced diet. In addition, raising awareness regarding the negative effects of sugar coupled with the increasing prevalence of diabetes will further boost the demand for this sweetener. The increasing trend for living a healthy lifestyle has boosted the growth of the aspartame. However, long-term health concerns related to the use of artificial sweeteners will restrict the growth potential of aspartame. The availability of substitutes in the form of natural as well as other artificial food sweeteners may act as a restraining factor for the aspartame market growth.

Market Segmentation

The North American and the European regions are expected to hold a significant share of the global aspartame market share. The market share is projected on account of the high consumption of beverages, confectionaries, nutritional and dairy products, which are some of the most notable areas where aspartame is used. The Asia Pacific region will witness substantial growth in the coming years owing to the rapid urbanization and rise in the average disposable incomes.

By application, dairy products are expected to have a significant market share owing to the increasing demand for milk-based products coupled with wide usage of aspartame in dairy products. By the end-user industry, the beverage segment is expected to grow at a rapid pace owing to increasing demand for diet drinks across the globe. The global beverage market is experiencing rapid growth which is expected to boost the market of the segment thereby increasing the aspartame market size.

Industry Update

In February 2018, PepsiCo announced it will be adding aspartame back to its flagship diet Pepsi product after pulling the ingredient in 2015.
According to competitive intelligence the aspartame market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirements. As a result, they are increasingly integrating with other players. The key players include AjinomotGroup, Foodchem International Corporation, Niutang Chemical Ltd., HYET Sweets, Vitasweet, Shaoxing Marina Biotechnology Co., Ltd., Daesang Corporation, Hermes Sweetener Ltd., and Changmao Biochemical Engineering among others.

Key Questions Answered in This Report:

What are the key regions having a significant market share?
What are the drivers and restraints of the market?
Who are the key market players in the market?
What is the market segmentation of the aspartame market?
What are the applications of the market?

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Comprehensive Report on Global Pressure Sensor Market by Knowledge Sourcing Intelligence

A Brief Study on Pressure Sensors Market

Description

Pressure sensors are the devices that are used in the measurement of pressure and converting the value to an electronic signal as an output. It is equipped with a pressure-sensitive element and can be used according to the application and material. The competitive landscape of the pressure sensor market is promoting investment and strategic partnerships between firms. These sensors have applications across different industries such as energy and power, manufacturing, and automotive among various others. These sensors are increasingly being deployed in the automotive industry for engine optimization, emission control, and safety enhancement. Moreover, they are also used in the manufacturing industry for leak detection, flow monitoring, gas detection, pneumatic controls, and many others. The sensors help the manufacturers in reducing the manufacturing cost by assisting them to avoid untimely failures which can cause excessive downtime.

Market Dynamics

The expanding consumer electronics, manufacturing, and automotive industries will drive the demand for pressure sensors in this region. Mounting environmental concerns will also boost the demand for these sensors. Additionally, increasing expenditure on research and development in the field of IoT will also attribute to the demand for the product. Furthermore, rising environmental and safety concerns will further contribute to the pressure sensors market growth by the automotive industry. However, pricing pressure on companies due to intense competition and huge expenditure on R&D activities will restrain the demand for pressure sensors during the forecast period.

Competitive Intelligence

The global pressure sensor market is highly competitive due to a huge consumer base and the presence of well-diversified international, regional and local players. There is a growing need for adoption of existing technology and further investment in technological upgrades to increase market share, which is attracting more players in the market. Intense competition in the market is paving the way for mergers & acquisitions and other strategies by companies to enhance their market share. Some of the major players discussed in this report are Omron Corporation, NXP Semiconductors, Emerson Electric Company, Robert Bosch GmbH, ABB Group and Denso Corporation among others.

Market Segmentation

The pressure sensors market analysis shows that the market has been segmented based on type, technology, end-user, and geography. By type, the market has been segmented as Absolute pressure measurement, Differential pressure measurement, and Gauge pressure measurement. By technology, the market has been segmented as Piezoresistive Pressure Sensor, Electromagnetic Pressure Sensor, Optical Pressure Sensor, Resonant Solid State Pressure Sensor, and Capacitive Pressure Sensor. By end-user, the market has been segmented as Energy and Power, Oil and Gas, Healthcare, Manufacturing, Consumer Electronics, Automotive, and Others. By geography, the market has been segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific.

Key questions answered in the report:

What has been the performance of Pressure Sensors Market and how it will perform in the future?
What are the key players in the target market study?
What are the various segments on which the market research is conducted?
What are the driving factors that are leading to the growth of the market?
What are the recent developments happening in the industry?

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Comprehensive Report on Global Skin Grafting Market by Knowledge Sourcing Intelligence

INTRODUCTION

The Global Skin Grafting Market is projected to witness a compound annual growth rate of 12.29% during the forecast period to reach a total market size of US$6.825 billion by 2023, increasing from US$3.824 billion in 2018. Skin grafting for burns market accounted for the largest share of this segment in 2017 due to high global incidence of burns. According to the WHO, around 265,000 deaths occur each year from fires caused by scalds, electrical burns, and other forms of burns.

North America regional market for skin grafting held the largest market share in 2017 owing to the early adoption of new technologies and high investments in research projects to develop advanced skin grafting solutions. APAC will witness the fastest regional market growth due to rising number of burn cases in South East Asian countries coupled with developing healthcare infrastructure in emerging APAC economies. Market Research is done by the knowledge sourcing industry due to the huge scope with the respective industry.

GLOBAL SKIN GRAFTING MARKET BY TYPE

By type, global skin grafting market is segmented as autologous, allogenic, xenogenic, and prosthetic. Allografts are used for the temporary coverage of the epithelial surface defects due to second or third degree burns after reviewing the availability and cost of other type of skin grafts. As a result, the market for allografts accounted for the largest market share in 2017 and will continue its dominance throughout the forecast period. The market for prosthetics will witness the highest CAGR during the forecast period owing to the better functionality and appearance provided by prosthetics as compared to other skin grafts. Increasing investments in the development of artificial skin grafts due to limited availability of auto grafts will further spur the growth of prosthetic skin grafts market.

ALLOGENIC

Allogenic skin graft market will witness a CAGR of XX% during the forecast period, reaching a total market size of US$XX billion by 2023 from US$XX billion in 2017. Allografts provide a temporary solution to cover the burnt wound as a biologic dressing. The allograft skin portion is immediately obtained from the other person or diseased-free cadavers and is used to cover the wound or vital organs of the patient so as to provide clean granulating area prior to skin grafting. The use of allograft helps to prevent bacterial infection and pain at the site of the open wound while keeping the amount of protein and water intact till the time of skin grafting. Allograft can be taken from donors and is used immediately as a temporary bandage or can be stored at a live temperature near or above freezing. This type of temporary skin grafting is used for both first and second degree burns where full-thickness skin loss exceeds 30% of the body surface. In addition to providing pain relief and any bacterial infection as well as protein and water loss, allografts also promote wound healing with improved cosmetic results until the patient’s body rejects them.

Growing demand for sports medicine across the globe, due to rising incidences of sports injuries is one of the emerging drivers of the global skin allografts market. Biotech companies are investing in R&D for allogenic tissue development and innovations due to rise in demand for transplantable grafts in the global sports industry. Moreover, market vendors are adopting various strategies to capture this emerging sector so as to gain a larger market share of skin allograft market. For instance, in May 2017, Strykar, one of the world’s leading medical technology company, announced its Sports Medicine business collaboration with one of the largest non-profit cellular and tissue network in the U.S., AlloSource®, to provide innovative and high-quality biologics to be used in sports medicine procedures. However, factors such as high cost and limited availability of skin allografts will hamstring the market growth during the forecast period.

GLOBAL SKIN GRAFTING MARKET BY END USER

By end user, global skin grafting market is segmented as hospitals and clinics, academic and research, and others. Hospitals and clinics segment held the largest market share in 2017 owing to the increased demand for skin grafts to treat patients with severe wounds.

ACADEMIC AND RESEARCH

The market size of academic and research segment is projected to grow from US$XX billion in 2017 to US$XX billion in 2023, with a CAGR of XX% during the forecast period. The use of skin grafts for various applications poses high risk in terms of rejection of the skin graft and limited availability of the donor’s healthy or viable skin. As a result, researchers are trying to develop novel skin graft technologies and solutions including the use of skin graft made from the skin of other species such as pigs and fishes.

In March 2017, the UM Group published a new research study on a cost-effective and efficient skin graft system which involves the better utilization of the available donor skin. Unlike the traditional splitthickness approach, the system uses only one noticeable layer of the donor skin, making the skin grafting procedure less painful while using the minimal quantity of the donor skin. Moreover, the skin graft can be used in outpatient clinics due to less complexity and better affordability. The study on 13 high-risk patients showed promising results while the price of this system was over $1500 cheaper than that of conventional skin graft technologies.

A team of international researchers has recently developed a pioneering skin grafting procedure for a rare and genetic disease called Epidermolysis Bullosa (EB). Under the trial, a seven-year old child suffering from junctional EB (JEB) received the reconstruction skin surgery, covering around 80% of the total body surface area.

The latest research in the field of skin grafting techniques is coming from the use of stem cells. Stem cells can grow into different types of cells while multiplying themselves, making them an important component for developing skin grafts. Recently, researchers have recently used CRISPR-gene editing methods to develop a skin graft to reduce the symptoms of obesity and diabetes in mice. The technique, if works on humans, could be a cheaper form of gene therapy for skin grafting as compared to the available common techniques.

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Comprehensive Report on Global Gas Sensors Market by Knowledge Sourcing Intelligence

Gas sensor market is expected to grow at a compound annual growth rate of 5.99% over the forecast period to reach US$2,340.188 million by 2023, from estimated value of US$1,651.126 million in 2017. The gas sensor is basically used for safety purposes to detect toxic or combustible gasses such as Carbon Monoxide (CO) both in residential and industrial locations. Technological advancement in this sensor technology such as wireless based sensor and enhancement of MEMS sensor coupled with increasing penetration of IoT applications is expected to further strengthen the demand for gas sensors over the next five years.

However, technical issues related to these sensors such as sensitivity and stability is expected to slightly impact the growth of the market. Market Research is done by the knowledge sourcing industry due to the huge scope with the respective industry.

Global Gas Sensor Market by End-User

By end-user, the gas sensor market is segmented as healthcare, energy, automotive, manufacturing, and others. The manufacturing sector is projected to hold a significant share in the gas sensor market owing to the increasing requirement of environmental monitoring during the manufacturing of substances with harmful by-products. Energy and automotive sector are also estimated to grow at a good rate owing to the budding need for improvement in combustion efficiency and to monitor the output of greenhouse gasses from these industries. Healthcare sector is also positioned to show good growth in the gas sensor market during the forecasted period.

Automotive

The automotive gas sensor market is projected to grow at a CAGR of XX.XX%, rising from US$XX.XX million in 2017 to reach US$XX.XX million in 2023. The automotive industry is on the rise and is projected to continue this trend over the coming years. However, the industry has also witnessed multiple concerns as it is one of the leading industries responsible for the rising carbon emissions around the world. Thus, in order to curb these emissions, multiple governments and institutions have strengthened their regulations regarding the gas emissions from vehicles, resulting in a boost in the demand for gas sensors for the industry. Furthermore, the rising focus towards improved fuel efficiency is further anticipated to amplify the demand for gas sensors by the automotive sector.Furthermore, the rise in the adoption and production of automotive around the world is also escalating the demand for gas sensors. According to the International Organization of Motor Vehicle Manufacturers (OICA), the global automotive sales rose from 75 million vehicles in 2010 to 97 million vehicles in 2018. Furthermore, the rise in the adoption and production of automotive around the world is also escalating the demand for gas sensors. According to the International Organization of Motor Vehicle Manufacturers (OICA), the global automotive sales rose from 75 million vehicles in 2010 to 97 million vehicles in 2018.

Global Gas Sensor Market by Geography

By geography, the gas sensor market is segmented as North America, South America, Europe, Middle East, and Africa, Asia Pacific. The Asia Pacific held a significant share in the market due to increased utilization of these sensors, not only in the industrial sector but also in the residential sector as a result of deteriorating air quality in the region. In North America and Europe, rising consciousness among the population regarding exposure to harmful air is accelerating the demand for gas sensors in the residential sector. Burgeoning industrial activity and rising focus towards hydrogen and fuel cell technologies are driving the gas sensor market growth in the country. Therefore, the first EU-US common project named as H2SENSE has been launched on gas sensor in order to provide safety in hydrogen and fuel cell technologies. Furthermore, regulations related to worker’s safety and increased focus towards reducing carbon emission in these regions is further going to bolster the market growth.

Asia Pacific

The Asia Pacific gas sensor market is projected to grow at a CAGR of XX.XX%, rising from US$XX.XX million in 2017 to US$XX.XX million in 2023. Gas sensing technology is playing a crucial role in industries as it helps in avoiding accidents in challenging industrial environments. Rapid industrialization in the region is one of the major driving factors that is boosting the gas sensor market growth. Increased investments in smart city projects in countries like India is further supporting the demand for these sensors which in turn is providing growth opportunities for the manufacturers to gain a competitive edge in this region. For instance, in May 2017, AerNos launched AerNos Smart City Air Pollution nano gas sensor (AerSCAP) in Asia Pacific countries such as China, Japan, South Korea, Malaysia, and Singapore in order to support the simultaneous detection of maximum seven gases. China held a significant share in the market owing to increased deployment of these sensors in the industrial sector due to growing industrial activities and is expected to grow at a good rate on account of an increased propensity of the country towards reducing the emission of toxic gases used in industrial refrigeration applications.

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Comprehensive Report on Global Anti Drone Market by Knowledge Sourcing Intelligence

Introduction

The global anti-drone market is projected to grow at a CAGR of 19.92% to reach a total market size of US$ 986.700 million by 2022, increasing from US$397.783 million in 2017. The major factors driving the demand for anti-drone solutions are the use of drones for terror-related activities, increasing expenditure on research and development and a rise in government initiatives to resolve any cross-border disputes. Increasing number of drones are raising privacy concerns by the governments, corporations and individuals, which will boost the demand for anti-drone solutions. However, the high initial cost required for setting up an anti-drone facility will inhibit the demand for these solutions in the coming years.

***Sample view of global anti-drone market share***

Increasing awareness regarding the negative effects or drones and UAV is prompting governments to enforce effective anti-drone regulations. This is leading the companies to increase their expenditure on research and development activities with the aim to capture a larger market share. Developed regions of the world such as North America and Europe will hold a significant market share owing to the early adoption of drones for military, commercial and personal drones for a wide range of applications. The Asia Pacific and South America will witness modest growth over the forecast period.

Anti Drone Market By Application By application, the anti-drone market is segmented as commercial places, defense, and public sector. The growing done traffic has increased the privacy concerns of individuals, protected places, and critical infrastructure. As a result, the anti-drone technology has been rapidly gaining popularity for its application in commercial places, defense, and public sector. There has been growing instances of drones flying around the airports and other forbidden places which has led to increasing adoption of anti-drones. Simultaneously, the growing terrorism activities globally have further led to the adoption of anti-drones for defense applications.

Global Anti Drone Market by Geography

By geography, the global anti-drone market is segmented as Americas, Europe Middle East and Africa (EMEA) and the Asia Pacific. Americas are further segmented as North America and South America; whereas, EMEA is segmented as Europe and Middle East & Africa. North America and Europe held a significant market share due to increasing consumption of personal and commercial drones. In addition, the military of various countries is deploying anti-drone solutions to protect their civilians and strategic information against small but potentially lethal drones. The Asia Pacific and the Middle East and Africa will witness substantial growth over the forecast period.

Americas

The Americas anti-drone market is projected to grow at a CAGR of X.XX%, rising from US$XX.XX million in 2016 to US$XX.XX million in 2022. The Americas are segmented as North America and South America. North America held the largest market share and is projected to witness impressive growth in the coming years. Some of the major factors driving the growth of anti-drone solutions are increasing number of commercial and personal drones in the region and the dangers related to it. Drones could be used for a number of purposes including smuggling of goods, hacking, corporate espionage, and availing tactile information from inaccessible areas among several others. Anti-drone solutions help in detection of such drones and taking necessary steps to prevent the transfer of goods or information from one party to the other. Increasing awareness and favourable government policies will further add to the demand for such solutions. South America will witness the modest growth of anti-drone solutions owing to the lower consumption of drones in the region.

North America

The North America anti-drone market is projected to grow at a CAGR of X.XX%, rising from US$ XX.XX million in 2016 to US$ XX.XX million in 2022. North America held a noticeable market share of the anti-drone market. There is a demand for anti-drone solutions at the government, personal and corporate level in the country. The increasing consumption of drones is raising privacy and security concerns which are driving the demand for anti-drone solutions. Drones are usually small and difficult to be detected by the radar. Hence, anti-drone solutions are used to prevent drones from collecting and distributing sensitive data. Anti-drone solutions are used by the defence organizations to detect and neutralize the threat posed by UAVs and these solutions could be used on wearables, mobile and stationary products. Critical information such as strategic formation, weapons available and other sensitive information is protected by the use of anti-drone solutions. In November 2016, the U.S. Air Force successfully zapped an Islamic State drone by using an electronic anti-drone solution.

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Comprehensive Report on Biodegradable Plastic Packaging industry by Knowledge Sourcing Intelligence

INTRODUCTION

Biodegradable plastic packaging market is projected to witness a compound annual growth rate of 12.37% during the forecast period to reach a market size of US$10.132 billion by 2023, increasing from US$5.033 billion in 2017. Supportive government policies further propel the growth of biodegradable plastic packaging market.

For instance, Europe implemented the legislation to reduce the number of single-use carrier bags. Biodegradable plastic packaging market is segmented based on type of plastic, material, packaging, end user industry and geography. Americas and Europe region are expected to dominate the biodegradable packaging market in the next five years owing to rising environmental concerns, stringent government policies, and high spending consumers in these regions. Market Research is done by knowledge sourcing industry due to huge scope with respective industry.

Biodegradable Plastic Packaging Market by Geography

By geography, the biodegradable plastic packaging material market is segmented as Americas, Europe Middle East and Africa and Asia Pacific. Europe Middle East and Africa is expected to hold a significant share owing to the presence and rising number of highly environmentally conscious consumers. Asia Pacific is expected to hold a significant share during the given time frame owing to the rising number of the packaging industries emerging in the region.

Increasing inclination of consumers towards efficient and easily recyclable packaging material and growth in the usage of the ecofriendly substitute in the region will also augment the growth of the market. Rising consumption and demand of the packaged food material in the region will also drive the growth of the market in the region. Thus, environment friendly population, inclination towards ecofriendly substitute and rising consumption of the packaged food material is driving thedemand for these solutions in the region.

Europe biodegradable plastic packaging material is was valued at US$XX.XX billion in 2017 and is expected to grow at an impressive CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion in 2023. High awareness regarding the biodegradable plastic and regulations in the regions have led to the rising adoption of the biodegradable plastic packaging material in the region. Environment conscious and high spending population which is ready to spend on comparatively higher priced biodegradable plastic will also drive the growth of the market in the region during the given forecast period.

According to United Nation Environment Programme, every year nearly 13 million tons of plastic is leaked into our oceans, harming biodiversity, economies, and potentially our own health. Moreover, there are five trillion pieces of plastic in our oceans which is enough to circle the Earth over 400 times. Shifting of consumer preference from synthetic products to cleaner and eco-friendly substitutes is expected to drive the growth of the market during the forecast period.

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India Electric Vehicle Market : Market Research By Knowledge Sourcing Intelligence

Market Overview

The India electric vehicle market is projected to grow at a CAGR of 28.12% during the forecast period of 2017 to 2023. An electric vehicle is an automobile that uses an electric motor as its primary source of propulsion. These vehicles use electrical energy which is stored in rechargeable batteries. Electric vehicles are increasingly gaining traction in India owing to burgeoning need to reduce dependency on oil and to reduce air pollution associated with the traditional vehicles. By state, Gujarat is expected to become India’s first electric vehicle hub owing to the manufacturers investing in the state to produce electric vehicles, electrical battery, and storage solutions. Thus, the electric vehicle market in India is expected to grow at a significant rate owing to the government’s mission to complete the target of making 30% of all vehicles in India all-electric by 2030. However, lack of charging infrastructure and high-cost associated with electric vehicles can restrict the electric vehicle market growth.Market Researchis done by knowledge sourcing industry due to huge scope with respective industry

India Electric Vehicle Market by Geography

By geography, the India electric vehicle market is segmented as North India, South India, East India, West India, and Central India. The growing investments in the development of electric vehicle infrastructure is projected to drive the electric vehicle market in western India. In fact, Maharashtra has witnessed the largest number of electric vehicles sold under the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India (FAME-INDIA), followed by Gujarat. Furthermore, the effort by the government to reduce the pollution level in expected to drive the sales of electric vehicles in Delhi, while the focus on significantly promoting the adoption of electric vehicles in Kerala and Karnataka is significantly estimated to drive the South India electric vehicle market.

**SAMPLE VIEW OF INDIA ELECTRIC VEHICLES MARKET SHARE, BY GEOGRAPHY, 2017**

Government Initiatives to Promote Electric Vehicle

Increasing need to use vehicles that utilizes greener technologies is driving the growth of electric vehicles in India. The government of India has taken a number of initiatives to promote electric vehicles and encourage manufacturers to open their plants in the country. Under National Electric Mobility Mission Plan 2020, the government is promoting R&D in technologies such as battery technology, power electronics, motors, system integration, battery management system, testing infrastructure, and ensuring industry participation in the same. In March 2018, The Union Minister of State (IC), Power and New & Renewable Energy held a meeting with battery manufacturers in New Delhi so as to incentivize EV battery manufacturing in the country. Furthermore, the government is preparing a fresh policy for promotion of electric vehicles so as to ensure smoother transition and better cooperation from the automobile sector.

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