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India Lithium-ion Battery Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

India Lithium-ion Battery Market: By Battery Type (Lithium Nickel Magnesium Cobalt (LI-NMC), Lithium Ferro Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Aluminum Oxide (NCA); Capacity (0-3,000 mAH, 3,000-10,000 mAH, 10,000-60,000 mAH, More than 60,000 mAH); Form/Design (Pouch, Cylindrical, Elliptical, Prismatic, Custom Design); Application (Consumer Electronic OEMs, Automotive OEMs, Energy Storage, Industrial OEMs, Others)—industry Dynamics, Market Size, Opportunity, and Forecast till 2031

  • Published Date: 08-Feb-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0821086
    Delivery: 2 to 4 Hours
India Lithium-ion Battery Market

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Report AttributeDetails
Market Size Value in 2022US$ 4,294.80 Mn 
Expected Revenue in 2031US$ 25,303.59 Mn
Historic Data2018-2022
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Product Type, By Power Capacity, By Form/Design, By Application, By Region
Key Companies                                                                                    ISRO, Amara Raja Group, HBL Power Systems Limited, EON Electric Ltd., Exide Industries Ltd., Microtex Energy Pvt. Ltd., Mercom Capital Group, LLC, Tata Chemicals, Bharat Heavy Electricals Ltd., BYD Company, LG Chem, Panasonic Corporation, Samsung SDI, BAK Group, Hitachi Corporation, Johnson Controls, Toshiba Corporation, Other Prominent Players
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In 2022, India lithium-ion battery market earned US$ 4,294.80 million in revenue.

The market is expected to grow at a compound annual growth rate of 22.1 percent from 2023 to 2031, according to the report.

The report gives a comprehensive market size analysis and forecast for numerous factors at the segment level. These includes: Type (6 sub segments), power capacity (4 sub segments), application (6 sub segments), form/design (5 sub segments) and region (4 sub segments)

In North India, the report covers Uttar Pradesh, Rajasthan, Delhi, and Haryana; in South India, Tamil Nadu, Kerala, Karnataka, and Andhra Pradesh; in Eastern India, West Bengal, Bihar, and Assam; and in Western India, Gujarat, Maharashtra, and Madhya Pradesh.

The report includes descriptive profiles of eight significant Indian local players as well as eight key global players. Business description, firm financials, key details, strategy outlook, list of products, and current developments are all covered for these players.

The market for lithium-ion battery is being driven by rising consumer electronics use because of radical changes in middle-class lifestyles and purchasing tastes, as well as the operational feasibility of lithium-ion batteries.

The material cost segmentation holds the maximum share of 66% while remaining has been covered by tax, equity return, term loan, O & M insurance, energy, labor, R & D and working capital.

Yes, the report analyses the impact of the Covid 19 pandemic on market growth trends based on several characteristics such as lithium-ion battery manufacturing, assembly, supply chain, and trade (EXIM).

The demand-supply gap in India is determined based on imports, exports, and production in the country, and it is noted to be narrowing as lithium-ion battery manufacture has recently begun in the country.

The loose oligopoly nature of the India lithium-ion battery market is expected to shift towards monopolistic form in the forecast period.

Yes, to encourage the recycling of Li-ion batteries, the Indian government has announced laws that provide tax breaks to recyclers.

Developments and investments made in western states such as Gujarat and Maharashtra have contributed to the region's highest growth rate, with a CAGR of 23.1 percent over the forecast period.