Will lithium-ion battery market grow in Myanmar?
The potential growth of lithium-ion batteries in the electric vehicle (EV) market is expected to create immense opportunities for the Myanmar battery market in the coming years. The automotive segment is expected to witness significant growth during the forecast period, owing to the increasing demand for new vehicles produced in the country.
Which application segment dominates the Myanmar battery market?
The Myanmar battery market is expected to register a CAGR of greater than 1.5% during the forecast period of – . Myanmar's battery market depends majorly on automotive application segment. With the COVID-19 pandemic in , the market witnessed a significant decrease in sales.
What is driving the growth of the Myanmar battery market?
The automotive segment is expected to witness significant growth during the forecast period, owing to the increasing demand for new vehicles produced in the country. Potential growth of lithium-ion batteries in electric vehicle (EV) market is expected to create immense opportunities for the Myanmar battery market in the coming years.
Does Myanmar have a power supply gap?
Myanmar’s power sector will likely continue to experience significant challenges. To sustain the current level of power supply would require adding 300-500 MW every year until . Scenario analysis on the power supply–demand gap illustrates that available generating capacity is projected to not meet the growing demand.
Who manages Myanmar's energy sector?
Myanmar’s energy sector is managed by the Ministry of Electric Power (MOEP) and the Ministry of Energy (MOE), which together account for over one-third of public sector revenue. Before May , the two ministries operated under one single Ministry of Electricity and Energy (MOEE).
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