India Lithium-ion Battery Market Size, Share & Trends Analysis Report By Product (LCO, LiFePO4, NCA, LMO, LTO, NMC), By Application, And Segment Forecasts, 2024 - 2030
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India Lithium-ion Battery Market Growth & Trends
The India lithium-ion battery market size is anticipated to reach USD 5.62 billion by 2030, registering a CAGR of 23.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing use of smartphones, laptops, tablets, and similar consumer electronics drives the demand for lithium-ion batteries. According to the BBC, India had over 650 million smartphone users in 2023, making it one of the largest potential markets for lithium-ion batteries in the consumer electronics segment.
The COVID-19 pandemic negatively affected the market. The pandemic led to widespread disruptions in supply chains, manufacturing operations, and demand for consumer electronics, electric vehicles (EVs), and energy storage systems powered by lithium-ion batteries. One of the significant impacts of the pandemic on the market was the disruption in production and logistics. Many battery manufacturers faced challenges sourcing raw materials, components, and equipment due to lockdowns, travel restrictions, and supply chain disruptions. It resulted in delays in production, reduced manufacturing capacity, and increased lead times for lithium-ion batteries.
Portable electronic gadgets are an integral part of modern life, offering convenience, connectivity, and productivity to users across the globe. The increasing reliance on these devices for communication, entertainment, work, and leisure activities has led to a surge in demand for high-performance energy storage solutions that can power these devices efficiently and reliably. Smartphones, in particular, have become universal and essential tools for communication, social interaction, and accessing information on the go. The demand for smartphones with advanced features, larger screens, faster processors, and enhanced capabilities has driven the need for more robust and energy-efficient batteries to support these functionalities.
Furthermore, the increasing integration of renewable energy sources, such as solar and wind power, into the grid has created a pressing need for efficient energy storage solutions. However, solar and wind power generation is inherently irregular and dependent on weather conditions, leading to fluctuations in energy output that may only sometimes align with electricity demand patterns. By storing surplus energy when it is abundant and discharging it when needed, energy storage solutions help balance supply and demand on the grid, optimize energy utilization, and enhance grid stability, thus boosting product demand.
India Lithium-ion Battery Market Report Highlights
India Lithium-ion Battery Market Growth & Trends
The India lithium-ion battery market size is anticipated to reach USD 5.62 billion by 2030, registering a CAGR of 23.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing use of smartphones, laptops, tablets, and similar consumer electronics drives the demand for lithium-ion batteries. According to the BBC, India had over 650 million smartphone users in 2023, making it one of the largest potential markets for lithium-ion batteries in the consumer electronics segment.
The COVID-19 pandemic negatively affected the market. The pandemic led to widespread disruptions in supply chains, manufacturing operations, and demand for consumer electronics, electric vehicles (EVs), and energy storage systems powered by lithium-ion batteries. One of the significant impacts of the pandemic on the market was the disruption in production and logistics. Many battery manufacturers faced challenges sourcing raw materials, components, and equipment due to lockdowns, travel restrictions, and supply chain disruptions. It resulted in delays in production, reduced manufacturing capacity, and increased lead times for lithium-ion batteries.
Portable electronic gadgets are an integral part of modern life, offering convenience, connectivity, and productivity to users across the globe. The increasing reliance on these devices for communication, entertainment, work, and leisure activities has led to a surge in demand for high-performance energy storage solutions that can power these devices efficiently and reliably. Smartphones, in particular, have become universal and essential tools for communication, social interaction, and accessing information on the go. The demand for smartphones with advanced features, larger screens, faster processors, and enhanced capabilities has driven the need for more robust and energy-efficient batteries to support these functionalities.
Furthermore, the increasing integration of renewable energy sources, such as solar and wind power, into the grid has created a pressing need for efficient energy storage solutions. However, solar and wind power generation is inherently irregular and dependent on weather conditions, leading to fluctuations in energy output that may only sometimes align with electricity demand patterns. By storing surplus energy when it is abundant and discharging it when needed, energy storage solutions help balance supply and demand on the grid, optimize energy utilization, and enhance grid stability, thus boosting product demand.
India Lithium-ion Battery Market Report Highlights
- Based on the product, the lithium nickel manganese cobalt (NMC) segment accounted for the largest revenue share of 28.5% in 2023. It can be attributed to the rising demand for smart devices, such as laptops and smartwatches
- The lithium-iron phosphate (LiFePO4) segment is expected to witness the fastest CAGR from 2024 to 2030, led by the increasing demand for long cycle life and high energy density batteries
- Based on application, the automobile segment is anticipated to grow at a rapid CAGR over the forecast period owing to the emerging governmental initiatives and policies for EV adoption
- In February 2024, Battrixx launched a high-voltage battery package for commercial vehicles and tractors at the Bharat Mobility Global Expo 2024
- The products are designed for 40hp and 27hp tractors, 15kW batteries for 0.5-tonne vehicles, and 32kW for 2-tonne vehicles. These batteries feature active cooling, increased energy density, a higher life cycle, and faster charging
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Product
1.2.2. Application
1.2.3. Country scope
1.2.4. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Information Procurement
1.4.2. Information or Data Analysis
1.4.3. Market Formulation & Data Visualization
1.4.4. Data Validation & Publishing
1.5. Research Scope and Assumptions
1.5.1. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product Outlook
2.2.2. Application Outlook
2.3. Competitive Insights
CHAPTER 3. INDIA LITHIUM-ION BATTERY MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. End-user Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.1.1. Rising adoption of electric vehicles and hybrid electric vehicles
3.3.1.2. Increasing investments in research & development
3.3.2. Market restraint analysis
3.3.2.1. Safety concerns owing to battery fires or explosions
3.3.3. Market opportunity analysis
3.3.3.1. Electric vehicle infrastructure development
3.4. India Lithium-ion Battery Market Analysis Tools
3.4.1. End-user Analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic landscape
3.4.2.3. Social landscape
3.4.2.4. Technological landscape
3.4.2.5. Environmental landscape
3.4.2.6. Legal landscape
CHAPTER 4. INDIA LITHIUM-ION BATTERY MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
4.1. Segment Dashboard
4.2. India Lithium-ion Battery Market: Product Movement Analysis, 2023 & 2030 (USD Million)
4.2.1. Lithium Cobalt Oxide (LCO)
4.2.1.1. Lithium cobalt oxide (LCO) market estimates and forecasts 2018 to 2030 (USD Million)
4.2.2. Lithium Iron Phosphate (LiFePO4)
4.2.2.1. Lithium iron phosphate (LiFePO4) market estimates and forecasts 2018 to 2030 (USD Million)
4.2.3. Lithium Nickel Cobalt Aluminum Oxide (NCA)
4.2.3.1. Lithium nickel cobalt aluminum oxide (NCA) market estimates and forecasts 2018 to 2030 (USD Million)
4.2.4. Lithium Manganese Oxide (LMO)
4.2.4.1. Lithium manganese oxide (LMO) market estimates and forecasts 2018 to 2030 (USD Million)
4.2.5. Lithium Titanate (LTO)
4.2.5.1. Lithium titanate (LTO) market estimates and forecasts 2018 to 2030 (USD Million)
4.2.6. Lithium Nickel Manganese Cobalt (NMC)
4.2.6.1. Lithium nickel manganese cobalt (NMC) market estimates and forecasts 2018 to 2030 (USD Million)
CHAPTER 5. INDIA LITHIUM-ION BATTERY MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1. Segment Dashboard
5.2. India Lithium-ion Battery Market: Application Movement Analysis, 2023 & 2030 (USD Million)
5.2.1. Consumer Electronics
5.2.1.1. Consumer electronics market estimates and forecasts 2018 to 2030 (USD Million)
5.2.2. Automobile
5.2.2.1. Automobile market estimates and forecasts 2018 to 2030 (USD Million)
5.2.3. Energy Storage Systems
5.2.3.1. Energy storage systems market estimates and forecasts 2018 to 2030 (USD Million)
5.2.4. Industrial
5.2.4.1. Industrial market estimates and forecasts 2018 to 2030 (USD Million)
5.2.5. Medical Devices
5.2.5.1. Medical devices market estimates and forecasts 2018 to 2030 (USD Million)
CHAPTER 6. COMPETITIVE LANDSCAPE
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Company Categorization
6.3. Company Market Positioning
6.4. Company Heat Map Analysis
6.5. Strategy Mapping
6.5.1. Expansion
6.5.2. Mergers & acquisition
6.5.3. Partnerships & collaborations
6.5.4. New product launches
6.5.5. Research and development
6.6. Company Profiles
6.6.1. Servotech Power Systems
6.6.1.1. Company overview
6.6.1.2. Financial performance
6.6.1.3. Product benchmarking
6.6.1.4. Strategic initiatives
6.6.2. Amara Raja Energy & Mobility Limited.
6.6.2.1. Company overview
6.6.2.2. Financial performance
6.6.2.3. Product benchmarking
6.6.2.4. Strategic initiatives
6.6.3. EXIDE INDUSTRIES LTD.
6.6.3.1. Company overview
6.6.3.2. Financial performance
6.6.3.3. Product benchmarking
6.6.3.4. Strategic initiatives
6.6.4. CLN Energy Pvt Ltd.
6.6.4.1. Company overview
6.6.4.2. Financial performance
6.6.4.3. Product benchmarking
6.6.4.4. Strategic initiatives
6.6.5. WAAREE ESS
6.6.5.1. Company overview
6.6.5.2. Financial performance
6.6.5.3. Product benchmarking
6.6.5.4. Strategic initiatives
6.6.6. Su-kam
6.6.6.1. Company overview
6.6.6.2. Financial performance
6.6.6.3. Product benchmarking
6.6.6.4. Strategic initiatives
6.6.7. Battrixx
6.6.7.1. Company overview
6.6.7.2. Financial performance
6.6.7.3. Product benchmarking
6.6.7.4. Strategic initiatives
6.6.8. PPAP Technology Limited
6.6.8.1. Company overview
6.6.8.2. Financial performance
6.6.8.3. Product benchmarking
6.6.8.4. Strategic initiatives
6.6.9. Sainik Industries Pvt. Ltd.
6.6.9.1. Company overview
6.6.9.2. Financial performance
6.6.9.3. Product benchmarking
6.6.9.4. Strategic initiatives
6.6.10. Sanvaru Technology
6.6.10.1. Company overview
6.6.10.2. Financial performance
6.6.10.3. Product benchmarking
6.6.10.4. Strategic initiatives
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Product
1.2.2. Application
1.2.3. Country scope
1.2.4. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Information Procurement
1.4.2. Information or Data Analysis
1.4.3. Market Formulation & Data Visualization
1.4.4. Data Validation & Publishing
1.5. Research Scope and Assumptions
1.5.1. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product Outlook
2.2.2. Application Outlook
2.3. Competitive Insights
CHAPTER 3. INDIA LITHIUM-ION BATTERY MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. End-user Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.1.1. Rising adoption of electric vehicles and hybrid electric vehicles
3.3.1.2. Increasing investments in research & development
3.3.2. Market restraint analysis
3.3.2.1. Safety concerns owing to battery fires or explosions
3.3.3. Market opportunity analysis
3.3.3.1. Electric vehicle infrastructure development
3.4. India Lithium-ion Battery Market Analysis Tools
3.4.1. End-user Analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic landscape
3.4.2.3. Social landscape
3.4.2.4. Technological landscape
3.4.2.5. Environmental landscape
3.4.2.6. Legal landscape
CHAPTER 4. INDIA LITHIUM-ION BATTERY MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
4.1. Segment Dashboard
4.2. India Lithium-ion Battery Market: Product Movement Analysis, 2023 & 2030 (USD Million)
4.2.1. Lithium Cobalt Oxide (LCO)
4.2.1.1. Lithium cobalt oxide (LCO) market estimates and forecasts 2018 to 2030 (USD Million)
4.2.2. Lithium Iron Phosphate (LiFePO4)
4.2.2.1. Lithium iron phosphate (LiFePO4) market estimates and forecasts 2018 to 2030 (USD Million)
4.2.3. Lithium Nickel Cobalt Aluminum Oxide (NCA)
4.2.3.1. Lithium nickel cobalt aluminum oxide (NCA) market estimates and forecasts 2018 to 2030 (USD Million)
4.2.4. Lithium Manganese Oxide (LMO)
4.2.4.1. Lithium manganese oxide (LMO) market estimates and forecasts 2018 to 2030 (USD Million)
4.2.5. Lithium Titanate (LTO)
4.2.5.1. Lithium titanate (LTO) market estimates and forecasts 2018 to 2030 (USD Million)
4.2.6. Lithium Nickel Manganese Cobalt (NMC)
4.2.6.1. Lithium nickel manganese cobalt (NMC) market estimates and forecasts 2018 to 2030 (USD Million)
CHAPTER 5. INDIA LITHIUM-ION BATTERY MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1. Segment Dashboard
5.2. India Lithium-ion Battery Market: Application Movement Analysis, 2023 & 2030 (USD Million)
5.2.1. Consumer Electronics
5.2.1.1. Consumer electronics market estimates and forecasts 2018 to 2030 (USD Million)
5.2.2. Automobile
5.2.2.1. Automobile market estimates and forecasts 2018 to 2030 (USD Million)
5.2.3. Energy Storage Systems
5.2.3.1. Energy storage systems market estimates and forecasts 2018 to 2030 (USD Million)
5.2.4. Industrial
5.2.4.1. Industrial market estimates and forecasts 2018 to 2030 (USD Million)
5.2.5. Medical Devices
5.2.5.1. Medical devices market estimates and forecasts 2018 to 2030 (USD Million)
CHAPTER 6. COMPETITIVE LANDSCAPE
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Company Categorization
6.3. Company Market Positioning
6.4. Company Heat Map Analysis
6.5. Strategy Mapping
6.5.1. Expansion
6.5.2. Mergers & acquisition
6.5.3. Partnerships & collaborations
6.5.4. New product launches
6.5.5. Research and development
6.6. Company Profiles
6.6.1. Servotech Power Systems
6.6.1.1. Company overview
6.6.1.2. Financial performance
6.6.1.3. Product benchmarking
6.6.1.4. Strategic initiatives
6.6.2. Amara Raja Energy & Mobility Limited.
6.6.2.1. Company overview
6.6.2.2. Financial performance
6.6.2.3. Product benchmarking
6.6.2.4. Strategic initiatives
6.6.3. EXIDE INDUSTRIES LTD.
6.6.3.1. Company overview
6.6.3.2. Financial performance
6.6.3.3. Product benchmarking
6.6.3.4. Strategic initiatives
6.6.4. CLN Energy Pvt Ltd.
6.6.4.1. Company overview
6.6.4.2. Financial performance
6.6.4.3. Product benchmarking
6.6.4.4. Strategic initiatives
6.6.5. WAAREE ESS
6.6.5.1. Company overview
6.6.5.2. Financial performance
6.6.5.3. Product benchmarking
6.6.5.4. Strategic initiatives
6.6.6. Su-kam
6.6.6.1. Company overview
6.6.6.2. Financial performance
6.6.6.3. Product benchmarking
6.6.6.4. Strategic initiatives
6.6.7. Battrixx
6.6.7.1. Company overview
6.6.7.2. Financial performance
6.6.7.3. Product benchmarking
6.6.7.4. Strategic initiatives
6.6.8. PPAP Technology Limited
6.6.8.1. Company overview
6.6.8.2. Financial performance
6.6.8.3. Product benchmarking
6.6.8.4. Strategic initiatives
6.6.9. Sainik Industries Pvt. Ltd.
6.6.9.1. Company overview
6.6.9.2. Financial performance
6.6.9.3. Product benchmarking
6.6.9.4. Strategic initiatives
6.6.10. Sanvaru Technology
6.6.10.1. Company overview
6.6.10.2. Financial performance
6.6.10.3. Product benchmarking
6.6.10.4. Strategic initiatives
LIST OF TABLES
Table 1 List of abbreviations
Table 2 India lithium-ion battery market, by product, 2018 - 2030 (USD Million)
Table 3 India lithium-ion battery market, by application, 2018 - 2030 (USD Million)
Table 1 List of abbreviations
Table 2 India lithium-ion battery market, by product, 2018 - 2030 (USD Million)
Table 3 India lithium-ion battery market, by application, 2018 - 2030 (USD Million)
LIST OF FIGURES
Fig. 1 Market research process
Fig. 2 India lithium-ion battery market segmentation
Fig. 3 India lithium-ion battery market landscape
Fig. 4 Information procurement
Fig. 5 Data analysis models
Fig. 6 Market formulation and validation
Fig. 7 Data validating & publishing
Fig. 8 Market snapshot
Fig. 9 Segment snapshot (1/2)
Fig. 10 Segment snapshot (2/2)
Fig. 11 Competitive landscape snapshot
Fig. 12 India lithium-ion battery market: Value chain analysis
Fig. 13 India lithium-ion battery market: Market dynamics
Fig. 14 India lithium-ion battery market: PORTER's analysis
Fig. 15 India lithium-ion battery market: PESTEL analysis
Fig. 16 India lithium-ion battery market: Product movement analysis
Fig. 17 India lithium-ion battery market: Product outlook and key takeaways
Fig. 18 Lithium cobalt oxide (LCO) market estimates and forecasts, 2018 - 2030
Fig. 19 Lithium iron phosphate (LiFePO4) market estimates and forecasts, 2018 - 2030
Fig. 20 Lithium nickel cobalt aluminum oxide (NCA) market estimates and forecasts, 2018 - 2030
Fig. 21 Lit market estimates and forecasts, 2018 - 2030hium manganese oxide (LMO)
Fig. 22 Lithium titanate (LTO) market estimates and forecasts, 2018 - 2030
Fig. 23 Lithium nickel manganese cobalt (NMC) market estimates and forecasts, 2018 - 2030
Fig. 24 India lithium-ion battery market: Application movement analysis
Fig. 25 India lithium-ion battery market: Application outlook and key takeaways
Fig. 26 Consumer electronics market estimates and forecasts, 2018 - 2030
Fig. 27 Automobile market estimates and forecasts, 2018 - 2030
Fig. 28 Energy storage systems market estimates and forecasts, 2018 - 2030
Fig. 29 Industrial market estimates and forecasts, 2018 - 2030
Fig. 30 Medical devices market estimates and forecasts, 2018 - 2030
Fig. 31 Key Company Categorization
Fig. 32 Company Market Positioning
Fig. 33 Strategic Framework
Fig. 1 Market research process
Fig. 2 India lithium-ion battery market segmentation
Fig. 3 India lithium-ion battery market landscape
Fig. 4 Information procurement
Fig. 5 Data analysis models
Fig. 6 Market formulation and validation
Fig. 7 Data validating & publishing
Fig. 8 Market snapshot
Fig. 9 Segment snapshot (1/2)
Fig. 10 Segment snapshot (2/2)
Fig. 11 Competitive landscape snapshot
Fig. 12 India lithium-ion battery market: Value chain analysis
Fig. 13 India lithium-ion battery market: Market dynamics
Fig. 14 India lithium-ion battery market: PORTER's analysis
Fig. 15 India lithium-ion battery market: PESTEL analysis
Fig. 16 India lithium-ion battery market: Product movement analysis
Fig. 17 India lithium-ion battery market: Product outlook and key takeaways
Fig. 18 Lithium cobalt oxide (LCO) market estimates and forecasts, 2018 - 2030
Fig. 19 Lithium iron phosphate (LiFePO4) market estimates and forecasts, 2018 - 2030
Fig. 20 Lithium nickel cobalt aluminum oxide (NCA) market estimates and forecasts, 2018 - 2030
Fig. 21 Lit market estimates and forecasts, 2018 - 2030hium manganese oxide (LMO)
Fig. 22 Lithium titanate (LTO) market estimates and forecasts, 2018 - 2030
Fig. 23 Lithium nickel manganese cobalt (NMC) market estimates and forecasts, 2018 - 2030
Fig. 24 India lithium-ion battery market: Application movement analysis
Fig. 25 India lithium-ion battery market: Application outlook and key takeaways
Fig. 26 Consumer electronics market estimates and forecasts, 2018 - 2030
Fig. 27 Automobile market estimates and forecasts, 2018 - 2030
Fig. 28 Energy storage systems market estimates and forecasts, 2018 - 2030
Fig. 29 Industrial market estimates and forecasts, 2018 - 2030
Fig. 30 Medical devices market estimates and forecasts, 2018 - 2030
Fig. 31 Key Company Categorization
Fig. 32 Company Market Positioning
Fig. 33 Strategic Framework
