India Lithium-ion Battery Market Trends, Share, Size, Demand, Revenue and Future Outlook: SPER Market Research (2024)

India Lithium-ion Battery Market Introduction and Overview

According to SPER Market Research, the India Lithium-ion Battery Market is estimated to reach USD 29.97 billion by 2033 with a CAGR 22.96%.

The report includes an in-depth analysis of the India Lithium-ion Battery Market, including market size and trends, product mix, distribution channels, and supplier analysis.A lithium-ion (Li-ion) battery is a rechargeable energy storage device that is frequently utilized in electric vehicles, portable devices, and several other applications because of its extended lifespan, high energy density, and lightweight construction. Its three main parts are the electrolyte, which is a liquid or gel that helps transfer lithium ions between the anode and cathode; the cathode, which is the positive electrode and is usually made of lithium metal oxide; and the anode, which is the negative electrode and is usually made of graphite. The movement of lithium ions from the anode to the cathode during battery operation creates an electric current that powers gadgets.

Market Opportunities and Challenges

Opportunities:The country's market is expected to increase as a result of the growing use of electric vehicles (EVs) and the continuous integration of renewable energy sources like solar and wind into power grids, which raises demand for energy storage devices. Furthermore, the expansion of the Indian market is also facilitated by favorable government policies.Additionally, EV adoption as a more affordable and environmentally friendly mode of transportation is being fueled by India's growing petrol and diesel prices. Businesses and consumers are increasingly using electricity to power their automobiles as a result of the depletion of petroleum supplies and the periodic increases in oil costs brought on by geopolitical tensions.

Challenges:The market for adult diapers in North America has a number of difficulties, chief among them being shifting consumer preferences, demographic shifts, and economic conditions. Adult diaper demand is rising as the population ages, but the market must find products that strike a balance between comfort, discretion, and efficacy. Another challenge is competing with other incontinence items, such pads and protective underwear, since customers frequently look for less intrusive or more reasonably priced options. Changes in the price of raw materials, like superabsorbent polymers, also result in increased production costs for businesses.

Market Competitive Landscape

The market for lithium-ion batteries in India is fragmented. The market's leading companies are Toshiba Corporation, Okaya Power Group, Bharat Electronics Limited (BEL), Telemax India Industries Pvt Ltd, and TDS Lithium-Ion Battery Gujarat Private Limited (TDSG), albeit they are not included in any particular order.

COVID-19 Impact on India Lithium-ion Battery Market

The supply and demand for lithium-ion (Li-ion) batteries in India were significantly impacted by the COVID-19 outbreak. Global supply lines were disrupted during the lockdowns, resulting in shortages of raw materials needed to manufacture these batteries, including nickel, cobalt, and lithium. As a result, production was hampered and Li-ion battery prices rose. Additionally, production schedules were delayed by factory shutdowns, workforce shortages, and decreased operational capacity in manufacturing plants. These factors impacted the supply of batteries for important industries like consumer electronics, renewable energy storage, and electric vehicles (EVs).

Key Target Audience:

Our in-depth analysis of the India Lithium-ion Battery Market includes the following segments:

Key Topics Covered in the Report:

1. Introduction

1.1. Scope of the report

1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data

2.1.2. Primary Data

2.1.3. SPERs internal database

2.1.4. Premium insight from KOLs

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers

4.1.2. Restraints

4.1.3. Opportunities

4.1.4. Challenges

4.2. COVID-19 Impacts of the India Lithium-ion Battery Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths

5.1.2. Weaknesses

5.1.3. Opportunities

5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape

5.2.2. Economic Landscape

5.2.3. Social Landscape

5.2.4. Technological Landscape

5.2.5. Environmental Landscape

5.2.6. Legal Landscape

5.3. PORTERs Five Forces

5.3.1. Bargaining power of suppliers

5.3.2. Bargaining power of buyers

5.3.3. Threat of Substitute

5.3.4. Threat of new entrant

5.3.5. Competitive rivalry

5.4. Heat Map Analysis

See Also

New standards for lithium-ion batteries in e-micromobility devicesIonen-selektive Elektroden: Standardaddition und direkte Messung - Teil 2Merging focused ion beam patterning and optical lithography in device and circuit fabrication20V Li-Ion Battery Pack: How Long Does It Last And Factors Affecting Battery Life [Updated On- 2024]

6. Competitive Landscape

6.1. India Lithium-ion Battery Market Manufacturing Base Distribution, Sales Area, Product Type

6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in India Lithium-ion Battery Market

7. India Lithium-ion Battery Market, By Application (USD Million) 2020-2033

7.1. India Lithium-ion Battery Market Size, Share and Forecast, By Application, 2020-2026

7.2. India Lithium-ion Battery Market Size, Share and Forecast, By Application, 2027-2033

7.3. Portable

7.4. Automotive

7.5. Others

8. India Lithium-ion Battery Market Forecast, 2020-2033 (USD Million)

8.1. India Lithium-ion Battery Market Size and Market Share

9. India Lithium-ion Battery Market, By Region, 2020-2033 (USD Million)

9.1. India Lithium-ion Battery Market Size and Market Share By Region (2020-2026)

9.2. India Lithium-ion Battery Market Size and Market Share By Region (2027-2033)

9.3. Eastern Region

9.4. Western Region

9.5. Southern Region

9.6. Northern Region

10. Company Profile

10.1. Amperex Technology Limited

10.1.1. Company details

10.1.2. Financial outlook

10.1.3. Product summary

10.1.4. Recent developments

10.2. Bharat Electronics Limited (BEL)

10.2.1. Company details

10.2.2. Financial outlook

10.2.3. Product summary

10.2.4. Recent developments

10.3. Exicom Tele-Systems Limited

10.3.1. Company details

10.3.2. Financial outlook

10.3.3. Product summary

10.3.4. Recent developments

10.4. Future Hi-Tech Batteries

10.4.1. Company details

10.4.2. Financial outlook

10.4.3. Product summary

10.4.4. Recent developments

10.5. Inverted Energy Private Limited

10.5.1. Company details

10.5.2. Financial outlook

10.5.3. Product summary

10.5.4. Recent developments

10.6. Nexcharge (JV: Leclanché and Exide Industries)

10.6.1. Company details

10.6.2. Financial outlook

10.6.3. Product summary

10.6.4. Recent developments

10.7. TDS Lithium-Ion Battery Gujarat Private Limited (TDSG)

10.7.1. Company details

10.7.2. Financial outlook

10.7.3. Product summary

10.7.4. Recent developments

10.8. Telemax India Industries Pvt. Ltd.

10.8.1. Company details

10.8.2. Financial outlook

10.8.3. Product summary

10.8.4. Recent developments

10.9. Toshiba Corporation

10.9.1. Company details

10.9.2. Financial outlook

10.9.3. Product summary

10.9.4. Recent developments

10.10. Vision Mechatronics Pvt. Ltd.

10.10.1. Company details

10.10.2. Financial outlook

10.10.3. Product summary

10.10.4. Recent developments

10.11. Others

11. Conclusion

12. Reference Links

13. List of Abbreviations

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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