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PUBLISHER: Blueweave Consulting & Research Private Limited | PRODUCT CODE: 1147320

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PUBLISHER: Blueweave Consulting & Research Private Limited | PRODUCT CODE: 1147320

India Lithium-Ion Battery Market, By Type ; By Component ; By Voltage ; By Industry ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2022-2028

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Electrifying Growth of India Lithium-Ion Battery Market More than Triples Its Size to Reach USD 6.43 Billion by 2028

India lithium-ion (Li-ion) battery market is flourishing because of increasing purchase of electric vehicles (EVs), growing consumption of rechargeable batteries in consumer electronics, and rising disposable income and environmental awareness among the people of the country.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Lithium-Ion (Li-ion) Battery Market size at USD 1.92 billion in 2021. During the forecast period between 2022 and 2028, BlueWeave expects India lithium-ion battery market size to growing at a robust CAGR of 19% reaching a value of USD 6.43 billion by 2028. India Lithium-ion battery market is being driven by the increasing electric vehicle usage, reliance on rechargeable battery in portable consumer electronics, and rise in disposable income and environmental concerns among the people of India. The increasing number of portable consumer electronics items, such as laptops, digital cameras, and music players, that rely heavily on batteries has resulted in higher usage of rechargeable batteries to supply efficient and effective power, which is expected to boost the market growth. However, scarcity of lithium and underdeveloped manufacturing infrastructure could result in rising demand for alternative battery. Consequently, it may limit the growth of India Li-ion battery market.

India Lithium-Ion Battery Market - Overview

A Li-ion battery is the latest battery technology that contains single or multiple Li-ion cells. The battery features organic electrolytes, graphite anodes, and lithium cobalt oxide and lithium manganese oxide cathodes. They are majorly used in EVs, portable electronic devices, digital cameras, and music players.

The increasing demand for EVs among consumers has fueled the growth of India Li-ion battery market, owing to the energy-saving, environmentally friendly automobiles. According to the India Ministry of Road Transport and Highways (MoRTH), approximately 14 lakh EVs plying on roads as on August 03, 2022, with the sales tripled over the previous year. It is projected to continue to rise in the coming years. An increased emphasis on the development of new and improved EVs by automobile industry coupled with the emergence of integrated charging stations, green power-generation capability, battery producers, and energy suppliers, is expected to propel the growth of India Li-ion battery market. India aspires to be a leading EV adopting country by 2030. Hence, the government has taken initiatives that aim at encouraging EV adoption. For instance, the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) plan and tax benefits for EVs are expected to boost the expansion of India Li-ion battery market during the forecast period.

Challenge: Increasing demand for substitutes of lithium-ion batteries

The rapid growth in EV market and charging infrastructure, underdeveloped manufacturing infrastructure, and scarcity of lithium may force stakeholders to increase their focus on the alternatives of Li-ion battery. Consequently, it may limit the growth of India lithium-ion battery market.

India Lithium-Ion Battery Market - By Component

Based on the component, India Lithium-ion battery market has Cathode, Anode, Electrolytic Solution, and Separator segments. The cathode segment is expected to dominate the market, because of its widespread application in developing positive electrodes for battery cells. Cathodes for Li-ion batteries have a high density and higher power output, projected to drive the India Lithium-ion battery market. The Electrolytic Solution segment, however, is expected to grow at a rapid pace as a stable and long-lasting battery requires a resilient electrolyte that can resist high current-voltage and temperatures. In addition, the electrolyte has extended shell life resulting in excellent Li-ion durability, which is expected to drive the overall market.

Impact of COVID-19 on India Lithium-Ion Battery Market

COVID-19 pandemic had a significant impact on India lithium-ion battery market. Due to the country's battery scarcity, import taxes have skyrocketed, making it more expensive for businesses to obtain equipment and components from abroad. The government has barred the import of some raw materials used in Li-ion batteries. Consequently, it has increased raw material prices and created a significant level of unpredictability in the supply chain. Manufacturing of batteries and other crucial components for electric vehicles (EVs), stationary storage, and grid storage systems was halted. As a result, demand for batteries plummeted, stifling total India Lithium-ion battery market growth. Post the relaxation of COVID-19 related restrictions in the country, the market is expected to grow at a high rate.

Competitive Landscape

Major players operating in India lithium-ion battery market include Hitachi India Pvt. Ltd., AmcoSaft India Limited, Heter Electronics Group Co., Ltd., LG Chem Ltd., NEC India Pvt. Ltd., Panasonic India Pvt. Ltd., Rajamane Telectric Pvt. Ltd., Samsung SDI Company Limited, Shenzhen B&K Rechargeable Battery, Inc., and Duracell Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and development of new products.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics India Lithium-Ion Battery Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Lithium-Ion Battery Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC20263

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Executive Summary

3. India Lithium-Ion Battery Market Insights

  • 3.1. Industry Value Chain Analysis
  • 3.2. DROC Analysis
    • 3.2.1. Growth Drivers
      • 3.2.1.1. Rising popularity and high adoption of electric vehicles
      • 3.2.1.2. Increasing consumption of consumer electronics with rechargeable batteries
    • 3.2.2. Restraints
      • 3.2.2.1. Increasing demand for substitutes of lithium-ion batteries
    • 3.2.3. Opportunities
      • 3.2.3.1. Increasing government funding in grid installations
    • 3.2.4. Challenges
      • 3.2.4.1. Excessive heating of batteries
  • 3.3. Technological Advancement/Recent Development
  • 3.4. Regulatory Framework
  • 3.5. Porter's Five Forces Analysis
    • 3.5.1. Bargaining Power of Suppliers
    • 3.5.2. Bargaining Power of Buyers
    • 3.5.3. Threat of New Entrants
    • 3.5.4. Threat of Substitutes
    • 3.5.5. Intensity of Rivalry

4. India Lithium-Ion Battery Market Overview

  • 4.1. Market Size & Forecast by Value, 2018-2028
    • 4.1.1. By Value (USD Million)
  • 4.2. Market Share & Forecast
    • 4.2.1. By Type
      • 4.2.1.1. Lithium Cobalt Oxide (LCO)
      • 4.2.1.2. Lithium Manganese Oxide (LMO)
      • 4.2.1.3. Lithium Iron Phosphate (LFP)
      • 4.2.1.4. Lithium Nickel Cobalt Aluminum Oxide (NCA)
      • 4.2.1.5. Lithium Nickel Manganese Cobalt (NMC)
      • 4.2.1.6. Lithium Titanate (LTO)
    • 4.2.2. By Components
      • 4.2.2.1. Cathode
      • 4.2.2.2. Anode
      • 4.2.2.3. Electrolytic Solution
      • 4.2.2.4. Separator
      • 4.2.2.5. Others
    • 4.2.3. By Voltage
      • 4.2.3.1. Low (Below 12V)
      • 4.2.3.2. Medium (12 V-36 V)
      • 4.2.3.3. High (Above 36V)
    • 4.2.4. By Industry
      • 4.2.4.1. Consumer Electronics
      • 4.2.4.2. Automotive
      • 4.2.4.3. Aerospace
      • 4.2.4.4. Marine
      • 4.2.4.5. Medical
      • 4.2.4.6. Telecommunications
      • 4.2.4.7. Others
    • 4.2.5. By Region
      • 4.2.5.1. North India
      • 4.2.5.2. South India
      • 4.2.5.3. East India
      • 4.2.5.4. West India

5. North India Lithium-Ion Battery Market

    • 5.1.1. Market Size & Forecast by Value, 2018-2028
    • 5.1.2. By Value (USD Million)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Type
    • 5.2.2. By Components
    • 5.2.3. By Voltage
    • 5.2.4. By Industry

6. South India Lithium-Ion Battery Market

    • 6.1.1. Market Size & Forecast by Value, 2018-2028
    • 6.1.2. By Value (USD Million)
  • 6.2. Market Share & Forecast
    • 6.2.1. By Type
    • 6.2.2. By Components
    • 6.2.3. By Voltage
    • 6.2.4. By Industry

7. East India Lithium-Ion Battery Market

    • 7.1.1. Market Size & Forecast by Value, 2018-2028
    • 7.1.2. By Value (USD Million)
  • 7.2. Market Share & Forecast
    • 7.2.1. By Type
    • 7.2.2. By Components
    • 7.2.3. By Voltage
    • 7.2.4. By Industry

8. West India Lithium-Ion Battery Market

    • 8.1.1. Market Size & Forecast by Value, 2018-2028
    • 8.1.2. By Value (USD Million)
  • 8.2. Market Share & Forecast
    • 8.2.1. By Type
    • 8.2.2. By Components
    • 8.2.3. By Voltage
    • 8.2.4. By Industry

9. Competitive Landscape

  • 9.1. List of Key Players and Their Offerings
  • 9.2. India Lithium-Ion Battery Company Market Share Analysis, 2021
  • 9.3. Competitive Benchmarking, By Operating Parameters
  • 9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)

10. Impact of Covid-19 on India Lithium-Ion Battery Market Industry

11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)

  • 11.1. Hitachi India Pvt. Ltd.
  • 11.2. AmcoSaft India Limited
  • 11.3. Heter Electronics Group Co., Ltd.
  • 11.4. LG Chem Ltd.
  • 11.5. NEC India Pvt. Ltd.
  • 11.6. Panasonic India Pvt. Ltd.
  • 11.7. Rajamane Telectric Pvt. Ltd.
  • 11.8. Samsung SDI Company Limited
  • 11.9. Shenzhen B&K Rechargeable Battery, Inc.
  • 11.10. Duracell Inc.
  • 11.11. Other Prominent Players

12. Key Strategic Recommendations

13. Research Methodology

  • 13.1. Qualitative Research
    • 13.1.1. Primary & Secondary Research
  • 13.2. Quantitative Research
  • 13.3. Market Breakdown & Data Triangulation
    • 13.3.1. Secondary Research
    • 13.3.2. Primary Research
  • 13.4. Breakdown of Primary Research Respondents, By Region
  • 13.5. Assumption & Limitation
Product Code: BWC20263

List of Figures

  • Figure 1 India Lithium-Ion Battery Market Segmentation
  • Figure 2 India Lithium-Ion Battery Market Value Chain Analysis
  • Figure 3 Porter's Five Forces Analysis
  • Figure 4 India Lithium-Ion Battery Market Size, By Value (USD Million), 2018-2028
  • Figure 5 India Lithium-Ion Battery Market Share, By Type, By Value, 2018-2028
  • Figure 6 India Lithium-Ion Battery Market Share, By Components, By Value, 2018-2028
  • Figure 7 India Lithium-Ion Battery Market Share, By Voltage, By Value, 2018-2028
  • Figure 8 India Lithium-Ion Battery Market Share, By Industry, By Value, 2018-2028
  • Figure 9 India Lithium-Ion Battery Market Share, By Region, By Value, 2018-2028
  • Figure 10 North India Lithium-Ion Battery Market Size, By Value (USD Million), 2018-2028
  • Figure 11 North India Lithium-Ion Battery Market Share, By Type, By Value, 2018-2028
  • Figure 12 North India Lithium-Ion Battery Market Share, By Components, By Value, 2018-2028
  • Figure 13 North India Lithium-Ion Battery Market Share, By Voltage, By Value, 2018-2028
  • Figure 14 North India Lithium-Ion Battery Market Share, By Industry, By Value, 2018-2028
  • Figure 15 South India Lithium-Ion Battery Market Size, By Value (USD Million), 2018-2028
  • Figure 16 South India Lithium-Ion Battery Market Share, By Type, By Value, 2018-2028
  • Figure 17 South India Lithium-Ion Battery Market Share, By Components, By Value, 2018-2028
  • Figure 18 South India Lithium-Ion Battery Market Share, By Voltage, By Value, 2018-2028
  • Figure 19 South India Lithium-Ion Battery Market Share, By Industry, By Value, 2018-2028
  • Figure 20 East India Lithium-Ion Battery Market Size, By Value (USD Million), 2018-2028
  • Figure 21 East India Lithium-Ion Battery Market Share, By Type, By Value, 2018-2028
  • Figure 22 East India Lithium-Ion Battery Market Share, By Components, By Value, 2018-2028
  • Figure 23 East India Lithium-Ion Battery Market Share, By Voltage, By Value, 2018-2028
  • Figure 24 East India Lithium-Ion Battery Market Share, By Industry, By Value, 2018-2028
  • Figure 25 West India Lithium-Ion Battery Market Size, By Value (USD Million), 2018-2028
  • Figure 26 West India Lithium-Ion Battery Market Share, By Type, By Value, 2018-2028
  • Figure 27 West India Lithium-Ion Battery Market Share, By Components, By Value, 2018-2028
  • Figure 28 West India Lithium-Ion Battery Market Share, By Voltage, By Value, 2018-2028
  • Figure 29 West India Lithium-Ion Battery Market Share, By Industry, By Value, 2018-2028

List of Tables

  • Table 1 India Lithium-Ion Battery Market Size, By Type, By Value, 2018-2028
  • Table 2 India Lithium-Ion Battery Market Size, By Components, By Value, 2018-2028
  • Table 3 India Lithium-Ion Battery Market Size, By Voltage, By Value, 2018-2028
  • Table 4 India Lithium-Ion Battery Market Size, By Industry, By Value, 2018-2028
  • Table 5 India Lithium-Ion Battery Market Size, By Region, By Value, 2018-2028
  • Table 6 North India Lithium-Ion Battery Market Size, By Type, By Value, 2018-2028
  • Table 7 North India Lithium-Ion Battery Market Size, By Components, By Value, 2018-2028
  • Table 8 North India Lithium-Ion Battery Market Size, By Voltage, By Value, 2018-2028
  • Table 9 North India Lithium-Ion Battery Market Size, By Industry, By Value, 2018-2028
  • Table 10 South India Lithium-Ion Battery Market Size, By Type, By Value, 2018-2028
  • Table 11 South India Lithium-Ion Battery Market Size, By Components, By Value, 2018-2028
  • Table 12 South India Lithium-Ion Battery Market Size, By Voltage, By Value, 2018-2028
  • Table 13 South India Lithium-Ion Battery Market Size, By Industry, By Value, 2018-2028
  • Table 14 East India Lithium-Ion Battery Market Size, By Type, By Value, 2018-2028
  • Table 15 East India Lithium-Ion Battery Market Size, By Components, By Value, 2018-2028
  • Table 16 East India Lithium-Ion Battery Market Size, By Voltage, By Value, 2018-2028
  • Table 17 East India Lithium-Ion Battery Market Size, By Industry, By Value, 2018-2028
  • Table 18 West India Lithium-Ion Battery Market Size, By Type, By Value, 2018-2028
  • Table 19 West India Lithium-Ion Battery Market Size, By Components, By Value, 2018-2028
  • Table 20 West India Lithium-Ion Battery Market Size, By Voltage, By Value, 2018-2028
  • Table 21 West India Lithium-Ion Battery Market Size, By Industry, By Value, 2018-2028
  • Table 22 Competitive Benchmarking, By Operating Parameters
  • Table 23 Mergers, Acquisitions, Partnerships, Joint Ventures, etc.
  • Table 24 Hitachi India Pvt. Ltd. Company Overview
  • Table 25 Hitachi India Pvt. Ltd. Financial Overview
  • Table 26 AmcoSaft India Limited Company Overview
  • Table 27 AmcoSaft India Limited Financial Overview
  • Table 28 Heter Electronics Group Co., Ltd. Company Overview
  • Table 29 Heter Electronics Group Co., Ltd. Financial Overview
  • Table 30 LG Chem Ltd Company Overview
  • Table 31 LG Chem Ltd Financial Overview
  • Table 32 NEC India Pvt. Ltd. Company Overview
  • Table 33 NEC India Pvt. Ltd. Financial Overview
  • Table 34 Panasonic India Pvt. Ltd Company Overview
  • Table 35 Panasonic India Pvt. Ltd Financial Overview
  • Table 36 Rajamane Telectric Pvt. Ltd. Company Overview
  • Table 37 Rajamane Telectric Pvt. Ltd. Financial Overview
  • Table 38 Samsung SDI Company Limited Company Overview
  • Table 39 Samsung SDI Company Limited Financial Overview
  • Table 40 Shenzhen B&K Rechargeable Battery, Inc. Company Overview
  • Table 41 Shenzhen B&K Rechargeable Battery, Inc. Company Overview
  • Table 42 Duracell Inc. Company Overview
  • Table 43 Duracell Inc. Financial Overview
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