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India Lithium ion Market- By Type (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate, Others) By Components (Cathode, Anode, Electrolytic Solution, Others), By Application (Consumer Electronics, Industrial, Automotive), and By Region (North, East, South, West)- India forecast from 2022-2030.
India lithium ion battery market Overview:
India’s Lithium-ion battery market is estimated to reach USD 5.82 billion by 2030, growing at a CAGR of 17% during the forecast period of 2022-2030. It was valued at USD 2.15 billion in 2022. The lithium-ion battery is a type of battery that uses lithium metal or lithium alloy as the negative electrode material and uses a non- aqueous electrolyte solution. In the wake of active chemical properties of lithium metal, the processing, storage, and use of lithium metal have very high environmental requirements. Moreover, with the rising development of science and technology, lithium batteries have become mainstream. Lithium metal batteries generally use manganese dioxide as the positive electrode material, metallic lithium, or a combination of a battery using gold metal as a negative electrode material and a non-aqueous electrolyte solution.India lithium ion market Insights
Compared with traditional battery technology, lithium-ion batteries charge faster, last longer, and have a higher power density for longer battery life while being more lightweight. Driven by the rapid growth of the global electric vehicle market, lithium-ion batteries continue to maintain rapid growth. Moreover, carbon emission, the rising cost of fuel, and depletion of natural resources have fueled the demand for lithium-ion batteries in India. With the implementation of the new energy vehicle credit system, traditional fuel vehicle companies will increase their layout of the new energy vehicle sector, and many foreign companies establishing battery vehicles in India will bolster the demand for the futures market. Also, the lithium-ion battery is rising in the market as it promotes a cleaner environment source. With technology, advancement has created awareness among people to adopt more immaculate mobile vehicles. Furthermore, the government has set an ambitious target to launch electric buses and electric rickshaws within the next few years to become all EV countries in the forecast period from 2022-2030. Thus, the sales for the electric vehicle will increase as fossil fuel are limited in nature, and people are adopting cleaner mobility and electric car in the future. Therefore, government investment in an electric vehicle will fuel the market demand for the India lithium-ion battery market.Growth Driver
Light weight
The lightweight battery has portable features, high energy, power capacity features used in smartphones, and other consumer electronics product. Therefore, the market demand for the lithium-ion battery market will boost in the forecast period.Rising Electric vehicle market
The market share for the lithium-ion battery will increase owing to the adoption of electric vehicles in the coming years will bolster the demand for the India lithium-ion battery market. Moreover, with the government, various investment and association with companies such as TATA to manufacture electric vehicles will emerge the need for the India lithium-ion battery market.By Type Segmental Analysis
Based on type, the India lithium-ion battery market segmented into Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate, Other. The Lithium Cobalt Oxide segment has dominated the market share of the India lithium-ion battery market. It is owing to its property, which is used explicitly in powertrains, power vehicles. Also, due to its low cost, more extended period and power packaged performance compare with other battery types will fuel the market demand for the India lithium-ion battery market.By component Segmental Analysis
Based on the Component, the India lithium-ion battery market classified into Cathode, Anode, Electrolytic Solution, Others. The electrolytic segment has bolstered the market share for the India lithium-ion battery market. Due to its properties, it does not have any risk of leakage, which provides safety for liquid batteries. In addition to it, lithium-ion can easily transport through the solid, as solid ceramic electrolytes are lithium oxides. Therefore, market demand for electrolytic solutions will emerge in the India lithium-ion battery market.Application Segmental Analysis
Based on application, the India lithium-ion battery bifurcated into Consumer Electronics, Industrial, Automotive. The consumer electronics segment has captured the large share of the Indian lithium-ion battery market. The lithium-ion battery is light in weight, easy rechargeable, last longer, and have high power density. Thus, it used in smart gadgets such as laptops, mobile phones, and other electronic devices. Moreover, the industrial, automotive sector will also bolster the demand for lithium-ion batteries in the forecast period from 2022-2030. Due to the investment done by the Indian government on an electric vehicle to make an automotive sector entirely based on electronics and batteries. Therefore, the lithium-ion battery will increase its market share in the forecast period as well.Region Segmental Analysis
Based on geography, the India lithium-ion battery market segmented into North India, Europe, East India, South America, and West India. The North region has dominated the market demand for lithium-ion batteries. They are owing to rising investment in Delhi by the central government for the installation of charging stations for electric vehicles. Moreover, many power solution providers and other manufacturing leaders have also invested a vast sum of money in lithium-ion battery vehicles to provide cleaner mobility and reduce carbon emission. Mahindra and Mahindra also have investment RS 1,000 crore to expand electric vehicle manufacturing and set R&D centers and other battery manufacturing units in different regions of India. Therefore, the North India region will have the highest lithium-ion battery market share.Competitor Analysis
Companies such as 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., Sony India Pvt. Ltd., Amperex Technology Limited, BYD, ACME Cleantech Solutions Pvt. Ltd., Toshiba Corporation, and others are the key players in India lithium-ion battery market.Key Stakeholders
- Market research and consulting firms
- Industry associations
- Indian lithium ion battery manufacturing companies
- Research organizations and consulting companies
- Organizations, associations, and alliances related to lithium ion battery
- Regulatory bodies
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Type- Lithium Cobalt Oxide
- Lithium Manganese Oxide
- Lithium Iron Phosphate
- Others
- Cathode
- Anode
- Electrolytic Solution
- Others
- Consumer Electronics
- Industrial
- Automotive
- North
- East
- South
- West
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Report Content
- Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
- Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
- Executive Summary
- Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five forces analysis
4.8. Price point analysis
4.9. New Investment Analysis
4.10. PESTEL Analysis
- India Lithium-ion Battery Market Overview
5.1. Market Size & Forecast,2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Billion)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Type
5.2.1.1. Lithium Cobalt Oxide
5.2.1.2. Lithium Manganese Oxide
5.2.1.3. Lithium Iron Phosphate
5.2.1.4. Others
5.2.2. By Component
5.2.2.1. Cathode
5.2.2.2. Anode
5.2.2.3. Electrolytic Solution
5.2.2.4. Others
5.2.3. By Application
5.2.3.1. Consumer Electronics
5.2.3.2. Industrial
5.2.3.3. Automotive
5.2.4. By Region
5.2.4.1. North India
5.2.4.2. South India
5.2.4.3. East India
5.2.4.4. West India
- North India Lithium-ion Battery Market Overview
6.1. North India Lithium-ion Battery Market Size & Forecast,2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Billion)
6.2. Market Share & Forecast, 2017-2030
6.2.1. By Type
6.2.1.1. Lithium Cobalt Oxide
6.2.1.2. Lithium Manganese Oxide
6.2.1.3. Lithium Iron Phosphate
6.2.1.4. Others
6.2.2. By Component
6.2.2.1. Cathode
6.2.2.2. Anode
6.2.2.3. Electrolytic Solution
6.2.2.4. Others
6.2.3. By Application
6.2.3.1. Consumer Electronics
6.2.3.2. Industrial
6.2.3.3. Automotive
- South Lithium-ion Battery Market Overview
7.1. South Lithium-ion Battery Market Size & Forecast,2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Billion)
7.2. Market Share & Forecast, 2017-2030
7.2.1. By Type
7.2.1.1. Lithium Cobalt Oxide
7.2.1.2. Lithium Manganese Oxide
7.2.1.3. Lithium Iron Phosphate
7.2.1.4. Others
7.2.2. By Component
7.2.2.1. Cathode
7.2.2.2. Anode
7.2.2.3. Electrolytic Solution
7.2.2.4. Others
7.2.3. By Application
7.2.3.1. Consumer Electronics
7.2.3.2. Industrial
7.2.3.3. Automotive
- East India Lithium-ion Battery Market Overview
8.1. East India Lithium-ion Battery Market Size & Forecast,2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Billion)
8.2. Market Share & Forecast, 2017-2030
8.2.1. By Type
8.2.1.1. Lithium Cobalt Oxide
8.2.1.2. Lithium Manganese Oxide
8.2.1.3. Lithium Iron Phosphate
8.2.1.4. Others
8.2.2. By Component
8.2.2.1. Cathode
8.2.2.2. Anode
8.2.2.3. Electrolytic Solution
8.2.2.4. Others
8.2.3. By Application
8.2.3.1. Consumer Electronics
8.2.3.2. Industrial
8.2.3.3. Automotive
- West India Lithium-ion Battery Market Overview
9.1. West India Lithium-ion Battery Market Size & Forecast,2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Billion)
9.2. Market Share & Forecast, 2017-2030
9.2.1. By Type
9.2.1.1. Lithium Cobalt Oxide
9.2.1.2. Lithium Manganese Oxide
9.2.1.3. Lithium Iron Phosphate
9.2.1.4. Others
9.2.2. By Component
9.2.2.1. Cathode
9.2.2.2. Anode
9.2.2.3. Electrolytic Solution
9.2.2.4. Others
9.2.3. By Application
9.2.3.1. Consumer Electronics
9.2.3.2. Industrial
9.2.3.3. Automotive
- Competitor Analysis
10.1. Company Description
10.2. Financial Analysis
10.3. Key Products
10.4. Key Management Personnel
10.5. Contact Address
10.6. SWOT Analysis
10.7. Company Profile
10.7.1. Hitachi India Pvt. Ltd.
10.7.2. AmcoSaft India Limited
10.7.3. Heter Electronics Group Co., Ltd.
10.7.4. LG Chem Ltd.
10.7.5. NEC India Pvt. Ltd.
10.7.6. Panasonic India Pvt. Ltd.
10.7.7. Rajamane Telectric Pvt. Ltd.
10.7.8. Samsung SDI Company Limited
10.7.9. Shenzhen B&K Rechargeable Battery, Inc.
10.7.10. Sony India Pvt. Ltd.
10.7.11. Amperex Technology Limited
10.7.12. BYD
10.7.13. ACME Cleantech Solutions Pvt. Ltd.
10.7.14. Toshiba Corporation
10.7.15. Other Prominent Players
Frequently Asked Questions (FAQ)
India’s Lithium-ion battery market is estimated to reach USD 5.82 billion by 2030, growing at a CAGR of 17% during the forecast period of 2022-2030. It was valued at USD 2.15 billion in 2022.
The market share for the lithium-ion battery will increase owing to the adoption of electric vehicles in the coming years will bolster the demand for the India lithium-ion battery market.
The implementation of the new energy vehicle credit system, traditional fuel vehicle companies will increase their layout of the new energy vehicle sector, and many foreign companies establishing battery vehicles in India will bolster the demand for the futures market
Companies such as 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., Sony India Pvt. Ltd., Amperex Technology Limited, BYD, ACME Cleantech Solutions Pvt. Ltd., Toshiba Corporation, and others are the key players in India lithium-ion battery market.
The consumer electronics segment has captured the large share of the Indian lithium-ion battery market.
