India Lithium Ion Battery Market: By Material (Lithium Cobalt Oxide, Manganese Oxide, Lithium Iron Phosphate, Lithium Titanate, and Lithium Nickel Cobalt Aluminium Oxide), By Applications (Automotive, Consumer Electronics, Telecom Services, Textile, Industrial and Others), By Power Capacity (5-25 Wh, 48-95 Wh, 18-28 KWh, 100-250 KWh and Above 300 KWh), By Components (Cathode, Anode, Electrolytic Solution and Others), By Sales (OEMs and After-Market), By Distribution (Online store and Retail shop), BY REGION (Northern, Western, Southern And Eastern), By State (Delhi, Mumbai, Uttarakhand, Uttar Pradesh, Bangalore, Chennai, Punjab, and Others).– Industry Trends and Forecast to 2027
India Lithium-Ion Battery Market Analysis:
India’s Lithium-Ion battery market is expected to register a lucrative CAGR in the forecast period of 2020-2027. The report contains data from the base year 2019 and historic 2018. The increasing popularity of electric vehicles and energy storage devices for solar power plants, military, telecom, and power tools coupled with rising awareness are the key factors for the market growth. Also, the decline in lithium-ion battery prices and the emergence of new and exciting markets will boost market growth. Moreover, Government initiatives and Industry collaboration for the promotion and development of manufacturing capabilities and technology will also aid the growth of the market during the forecast period.
The Negative COVID-19 impact on various industrial production units resulted in a halt in supply chain and raw material availability. In the manufacturing sector, the outcome has had an unforeseen effect. This forces us to reconsider our models in the supply chain, especially in import-dependent industries. The lithium-ion battery (LIB) industry is one of the industries that is ready for a significant role in fast future highly electrified transportation. India has an EV goal and for becoming an EV nation mass adoption of electric vehicles will happen in the country, In addition, in the following years, the Government announced a program for the launch of 10,000 electric buses and 50,000 electric rickshaws. The consumption of lithium-ion batteries is expected to increase during the forecast period.
India Lithium Ions Battery Market Definition:
Lithium-ion battery is also called the powerhouse for the revolutionized digitization in the electronic arena especially in electronic consumer goods and electric-based vehicles. The extensive research and development activities in the field of lithium-ion batteries in terms of performance, efficiency, and affordability. Various lithium ion-based batteries were available in the commercial market, catering to various application areas such as mobile, laptops, electric vehicles, and household-based appliances, among others. In addition, the government also takes lots of initiatives and policies that are encouraging the demand for Lithium Ions which also further increases the availability and penetration of Lithium-ion batteries among consumers.
India Lithium Ions Battery Market Dynamics:
Drivers:
• Growing freight transportation drives the growth of the market.
• Rising awareness of renewable energy-powered transportation.
• Emission standard & Fuel economy.
• Increasing demand for smart devices and industrial goods
Opportunities:
• Rising production of electric vehicles will accelerate the market growth
• Introduction of next-generation Li-ion batteries
• Rising acceptance of Li-ion batteries in the energy sector
Restraints:
• Limited amounts of raw material supply.
• Lack of infrastructure
India Lithium Ions Battery Market Segmentation:
By Material
• Lithium Cobalt Oxide
• Manganese Oxide
• Lithium Iron Phosphate
• Lithium Titanate
• Lithium Nickel Cobalt Aluminium Oxide
By Applications
• Automotive
o Commercial Electric Vehicle
o Passenger Electric Vehicle
o Two Wheeler Electric Vehicle
• Consumer Electronics
• Telecom Services
• Textile
• Industrial
• Others (Medical and Military)
By Power Capacity
• 5-25 Wh
• 48-95 Wh
• 18-28 KWh
• 100-250 KWh
• Above 300 KWh
By Components
• Cathode
• Anode
• Electrolytic Solution
• Others (Foils, Binder, and Separators)
By Sales
• OEMs
• After Market
By Distribution
• Online store
• Retail Market
BY REGION
• NORTHERN
• WESTERN
• SOUTHERN
• EASTERN
BY STATE
• DELHI
• MUMBAI
• UTTARAKHAND
• UTTAR PRADESH
• BANGLORE
• CHENNAI
• PUNJAB
• OTHERS
RECENT DEVELOPMENT
Competitive Analysis:
India Li-Ions Battery Market is highly competitive, and major players have used various approaches to raise their footprints in this market such as new product advancements, acquisitions, contracts, joint ventures, alliances, acquisitions, and others. The scope of the study includes Li-Ions Battery Market revenue for India.
Key Market Players:
Major Key players operating in the Indian Li-Ions Battery market are
• Samsung SDI Co. Ltd
• Panasonic India Private Limited
• Amara Raja Batteries Ltd ( a Amara Raja Group)
• Exide Industries Limited
• LG Chem
• SONY INDIA
• Toshi