India Lithium-ion Battery Market (2022 to 2029) – Growth Factors, Opportunities in Market, Market Segmentation

The India lithium-ion Battery Market was valued at US$ 1.91 Bn. in 2021 and is estimated to reach a value of US$ 5.2 Bn. in 2029. The Global India lithium-ion Battery Market size is estimated to grow at a CAGR of 15.3% over the forecast period.

India Lithium-ion Battery Market Overview:

A lithium-ion battery or Li-ion battery is a type of rechargeable battery composed of cells in which lithium ions move from the negative electrode through an electrolyte to the positive electrode during discharge and back when charging. Li-ion cells use an intercalated lithium compound as the material at the positive electrode and typically graphite at the negative electrode. Li-ion batteries have a high energy density, no memory effect (other than LFP cells), and low self-discharge. Cells can be manufactured to prioritize either energy or power density. They can however be a safety hazard since they contain flammable electrolytes and if damaged or incorrectly charged can lead to explosions and fires. A lithium-ion battery is an advanced rechargeable and reusable source of power consisting of lithium ions in its electrochemistry. The battery comprises organic electrolytes, graphite anodes and lithium cobalt oxide, and lithium manganese oxide cathodes. It has high energy density and is widely utilized in portable consumer electronics, such as smartphones, laptops, tablets, digital cameras, music players, and power tools. The report explores the Indian lithium-ion Battery Market's segments (Product Type, Power Capacity, Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Indian lithium-ion Battery Market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Indian lithium-ion Battery Market's contemporary competitive scenario. India lithium-ion Battery Market To know about the Research Methodology:-Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2021 is a year of exception and analysis, especially with the impact of lockdown by region.

India Lithium-ion Battery Market Dynamics:

Various Companies contributing the Market Growth- The various biggest private investment in a new industry in recent years, considering India as the leading business group are readying plans to enter battery manufacturing and battery pack assembly with investments running into several billion dollars over the next decade or so. Reliance Industries, the country's largest company by revenue, seems to be the most ambitious of the lot. Multiple sources said the company had aggressive plans with one telling Factor Daily that it was looking at a factory that would produce Lithium-Ion (Li-Ion) batteries of 25 gig watt-hours (GWh) capacity. The other factory would be in either Gujarat or Maharashtra. A lot is happening in the EV space, and Reliance has long been in the energy business. Add to that, it now is a maker of phones and has telecom towers – all of them powered by Li-Ion batteries. A factory even at half the 25 GWh capacity "will be huge for India," he added. A 25 GWh factory will cost at least $3.5 billion, benchmarked against spending on global projects of a similar scale. A request for comment sent to Reliance didn't elicit a response. Reliance already has a partnership with British oil and gas company BP for energy storage projects near solar and wind energy installations in India. The global production of Li-Ion batteries stands at over 100 GWh today and is expected to climb to 273 GWh by 2021, according to data from Bloomberg. Electric vehicle (EV) maker Tesla has the biggest factory that will produce 35 GWh annually when its so-called Gigafactory is fully built out in 2020 in Nevada, US. Most of the remaining capacity is coming up in China, with India even a blip on the global batteries production map in most projections. Increase in the Various Projects propel to the Growth of the Market- The rush into Li-Ion battery production is part of a reset that India is attempting in its energy industry. India wants to reduce its oil dependency (it imports more than 80% of its crude currently) and move to a future that uses solar energy to power itself. It has the ambition to increase solar-generated power to 100 gigawatts (GW) by 2022 from the current 14.65 GW. But, this is only one part of the push. By 2030, the central government wants only electric cars to be sold in India. As early as the turn of this year, London consultancy IHS Market predicts that India will overtake Germany to become the world's fourth-largest car market by volume; and the third-largest by 2020. In its National Electric Mobility Mission Plan, the government targets six to seven million EVs on Indian roads by 2020. That target is likely to be missed but to power EVs, the country will need Li-Ion batteries and battery packs. Currently, the battery pack costs nearly half an EV's cost in India. Any effort to reduce that cost – via local production, for instance – will add to the shift towards a lower petroleum footprint in the economy. Decrease in the Price of Lithium-Ion Battery Influences the Market Growth- The prices of Li-Ion cells are also falling; increasingly making the solar energy-battery storage combination to power energy needs a reality and thus it promoting the market growth and propelling the market opportunities of Indian Lithium-Ion battery market across the globe. In 2021, Li-ion batteries cost around $400 per KWh to produce but with improvements in battery technology, this cost has substantially come down. Today, batteries are around $200 per kWh. Tesla claims that the Tesla Model 3 battery comes at a cost below the $190 per KWh mark. Currently, Indian companies are exporting Li-Ion cells across the globe and also making battery packs in India for increasing the market size. Setting up a cell manufacturing unit is an expensive proposition as compared to importing cells and manufacturing packs. IESA's Dash also said public sector units are eyeing energy storage and Li-Ion cell manufacturing in India. The Indian Space Research Organization (ISRO) had developed a Li-Ion battery technology for use in its satellites and launch vehicles such as GSLV and PSLV. ISRO is teaming up with heavy electric equipment maker BHEL to help develop low-cost Li-Ion batteries.

India Lithium-ion Battery Market Trends:

A Made in India Lithium Battery like No Other Battery is the Trend in the Market- Li-Rack is a medium-sized lithium-ion battery system made in India for multi-family houses, commercial applications, and projects with demanding storage needs. Li-Rack lithium-ion battery made in India is based on the active cell balancing technology for best performance and life expectancy, and remote monitoring via the internet. The Li-Rack system is an ideal made-in-India model of the lithium-ion batteries that we should use today. It is a green solution and will help us reduce our carbon footprint on mother Earth. It is internet ready storage system and the first of its kind. The chemical composition is intrinsically safe in their chemistry, that is to say, they can neither burn nor explode. The life expectancy of Li-rack, made in India lithium-ion battery is 20 years which is very high compared to the other systems present in the market. Li-rack lithium-ion batteries made in India can be installed everywhere that is in rural areas, Hotels, Hospitals, industries, electric vehicles, and last but not the least in our homes. The range we offer is from 4.5KWh to 54.0KWh, although multiple batteries can be combined for large-scale requirements. It is maintenance-free.

India Lithium-ion Battery Market Segment Analysis:

Based on Product Type, the Indian lithium-ion Battery Market is segmented into Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt, Lithium Manganese Oxide, and Others. India Lithium-ion Battery Market Lithium Cobalt Oxide is the major segment that holds the largest market and also influences the market by a growth rate of 10% in a year over the forecasted period. The factors contributing to the growth are lithium cobalt oxide battery has stable structure, high capacity ratio, and outstanding comprehensive performance, but its safety is the most important characteristic and the cost is not much high. It is mainly used for small and medium-sized batteries. It is widely used in small electronic devices such as notebook computers, mobile phones, and MP3/4. The voltage is 3.7V. Based on Power Capacity, the Indian lithium-ion Battery Market is segmented into 0 to 3000mAh, 3000mAh to 10000mAh, 10000 to 60000mAh, and More than 60000mAh. 3000 to 1000mAh is the dominating segment which holds the largest market size and the factor owing to the market growth is its will facilities to store the appropriate power which is required by various industries across the globe meaning it has enough juice to give energy to full charge. It is also suitable after the innovation is coming with larger batteries, but this size should give 60% and 100% more power. Based on Application, the Indian lithium-ion Battery Market is segmented into Consumer Electronics, Electric Vehicles, Energy Storage, and Others. Electric Vehicles hold the largest market share and contribute a growth rate of more than 15% over the forecasted period, the attributing factor for the growth of the segment is that Lithium-ion batteries provide higher energy densities than lead-acid batteries or nickel-metal hydride batteries, so it is possible to make the battery size smaller than others while retaining the same storage capacity, Lithium-ion batteries are used in most electric vehicles because of their high energy per unit mass relative to other electrical energy storage systems. They also have a high power-to-weight ratio, high energy efficiency, good high-temperature performance, and low self-discharge. The objective of the report is to present a comprehensive analysis of the global Indian lithium-ion Battery Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Indian lithium-ion Battery Market dynamic and structure by analyzing the market segments and projecting the India lithium-ion Battery Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Indian lithium-ion Battery Market make the report investor’s guide.

India Lithium-ion Battery Market Scope: Inquire before buying

India Lithium-ion Battery Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 1.91 Bn.
Forecast Period 2022 to 2029 CAGR: 15.3% Market Size in 2029: US $ 5.2 Bn.
Segments Covered: by Product Type • Lithium Cobalt Oxide • Lithium Iron Phosphate • Lithium Nickel Manganese Cobalt • Lithium Manganese Oxide • Others
by Power Capacity • 0 to 3000mAh • 3000 to 10000mAh • 10000 to 60000mAh • More than 60000mAh
by Application • Consumer Electronics • Electric Vehicles • Energy Shortage • Others

India Lithium-ion Battery Market by Region

• North India • South India • West India • East India

India Lithium-ion Battery Market Key Players:

• BYD Company • LG Chemical • Contemporary Amperex Technologies Co. Ltd. • SAMSUNG SDI • Panasonic Corporation • BAK Power • CLARIOS • Toshiba Corporation • Hitachi • Automotive Energy Supply Corporation • A123 Systems • SAFT Group S.A Frequently Asked Questions: 1] What segments are covered in the India lithium-ion Battery Market report? Ans. The segments covered in the India lithium-ion Battery Market report are based on Product Type, Power Capacity, and Application. 2] What is the market size of the Indian lithium-ion Battery Market by 2029? Ans. The market size of the Indian lithium-ion Battery Market by 2029 is expected to reach USD 5.2 Billion. 3] What is the forecast period for the Indian lithium-ion Battery Market? Ans. The forecast period for the Indian lithium-ion Battery Market is 2022-2029. 4] What was the market size of the Indian lithium-ion Battery Market in 2021? Ans. The market size of the Indian lithium-ion Battery Market in 2021 was valued at USD 1.91 Billion.
1. India lithium-ion Battery Market Size: Research Methodology 2. India lithium-ion Battery Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global India lithium-ion Battery Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. India lithium-ion Battery Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North India • South India • East India • West India 4. India lithium-ion Battery Market Size Segmentation 4.1. India lithium-ion Battery Market Size, by Product Type(2021-2029) • Lithium Cobalt Oxide • Lithium Iron Phosphate • Lithium Nickel Manganese Cobalt • Lithium Manganese Oxide • Others 4.2. India lithium-ion Battery Market Size, by Power Capacity(2021-2029) • 0 to 3000mAh • 3000 to 10000mAh • 10000 to 60000mAh • More than 60000mAh 4.3. India lithium-ion Battery Market Size, by Application(2021-2029) • Consumer Electronics • Electric Vehicles • Energy Shortage • Others 5. Company Profile: Key players 5.1. BYD Company 5.1.1. Company Overview 5.1.2. Financial Overview 5.1.3. Global Presence 5.1.4. Capacity Portfolio 5.1.5. Business Strategy 5.1.6. Recent Developments 5.2. LG Chemical 5.3. Contemporary Amperex Technologies Co. Ltd. 5.4. SAMSUNG SDI 5.5. Panasonic Corporation 5.6. BAK Power 5.7. CLARIOS 5.8. Toshiba Corporation 5.9. Hitachi 5.10. Automotive Energy Supply Corporation 5.11. A123 Systems 5.12. SAFT Group S.A

About This Report

Report ID 29994
Category Material & Chemical
Published Date July 2022
Updated Date