Report Description

India Lithium-ion Battery Market is anticipated to grow at a robust pace during the forecast period, 2024-2028. Lithium-ion batteries are becoming increasingly popular in India due to their high energy density, long cycle life, and low self-discharge rate. They are used in a wide range of applications, including electric vehicles, renewable energy storage systems, portable electronics, and more. Anticipated growth in the market can be attributed to increasing number of solar energy projects, rising urbanization, and government schemes such as, National Electric Mobility Mission Plan (NEMMP) and ‘Make in India’. Moreover, an increase in mobile towers in India is driving growth in the telecom sector, which is expected to have a positive impact on India lithium-ion battery market in the coming years.

India has seen a significant growth in the production of lithium-ion batteries in recent years, with several domestic manufacturers entering the market. In addition, the government of India has implemented several initiatives to promote the production and use of lithium-ion batteries in the country.

Increasing adoption of electric vehicles

Electric vehicles (EVs) are becoming increasingly popular in India, driven by the country's efforts to reduce air pollution and greenhouse gas emissions. The Indian government has set a target of achieving 30% electric vehicle penetration by 2030, which has led to several initiatives to promote the adoption of EVs in the country.

In 2015, the government launched the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme to provide financial incentives for the adoption of EVs and their associated components, including lithium-ion batteries. Under this scheme, the government has implemented several measures to support the development of EV charging infrastructure across the country.

In addition, several Indian automakers have launched EV models in recent years, including the Tata Nexon EV, Mahindra e-Verito, and the MG ZS EV. These models have gained popularity in the Indian market, and their sales are expected to grow in the coming years.

Furthermore, the Indian government has launched the National Electric Mobility Mission Plan (NEMMP) in 2013, which aims to promote the adoption of electric vehicles and associated infrastructure in the country. The plan includes the deployment of electric buses, two-wheelers, and three-wheelers in various cities across India.

Ola Electric, an Ola Cabs subsidiary, plans to establish a cell manufacturing facility for its lithium-Ion battery by March 2021. This battery will be used in Ola's soon-to-be-released two-wheeler electric vehicles. Additionally, in Pune, the French manufacturer of battery systems Forsee Power began mass-producing lithium-ion batteries for electric two-wheelers (E2W) and electric three-wheelers (E3W) in June 2021. Forsee Power, a French manufacturer of battery systems, began mass-producing lithium-ion batteries for electric two-wheelers (E2W) and electric three-wheelers (E3W) in Pune in June 2021. The battery manufacturing plant has assembly lines, laboratories, and testing capabilities.

As a result of the foregoing, India's plan to increase the adoption of electric vehicles is expected to propel the country's lithium-ion battery market.


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Market Segmentation

India Lithium-ion Battery market is segmented based on type, capacity, and vertical. Based on type, the market is segmented into Lithium cobalt oxide (LCO), Lithium iron phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate (LTO), Lithium Nickel Manganese Cobalt (LMC). Based on capacity, the market is segmented into 0-3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh to 60,000 mAh and above. Based on Vertical, the market is segmented into Consumer Electronics, Automotive, Aerospace, Marine, Medical, Industrial, Power, Telecommunications, Others

Market Players

Major market players in the India Lithium-ion Battery market are Samsung SDI Co. Ltd, Panasonic India Pvt. Ltd, Tata Chemicals Ltd., Bharat Heavy Electricals Limited, Exide Industries, Coslight India Telecom Pvt. Limited, NEC India Private Limited, Amara Raja Batteries Ltd, Rajamane Telectric Pvt., Semyung India Enterprises (Pvt) Ltd.

India Lithium-ion Battery Market Recent Developments

  • In January 2022, Tata Chemicals announced that it has developed a new type of lithium-ion battery that is more efficient and safer than existing batteries. The company has filed a patent for the new technology for applications in electric vehicles, renewable energy storage, and other areas.
  • In October 2021, BHEL signed an agreement with Convergence Energy Services Limited (CESL) to jointly develop and manufacture lithium-ion batteries for various applications, including electric vehicles. The collaboration leverage BHEL's expertise in manufacturing and CESL's experience in energy storage and electric mobility.
  • In September 2021, Exide Industries entered a joint venture with Leclanché, a leading provider of energy storage solutions. The joint venture, called Exide Leclanché Energy Private Limited, is focused on the development and manufacturing of lithium-ion batteries for electric vehicles and energy storage.
  • In August 2021, Amara Raja Batteries received a grant from the Department of Science and Technology to develop lithium-ion batteries with improved performance and safety. The company would collaborate with the Indian Institute of Technology (IIT) Delhi to develop the new batteries.

Overall, there are a lot of activities in the Indian Lithium-ion Battery Market, with several companies investing in R&D and forming partnerships to develop new technologies and products. The Indian government's push towards electric mobility and renewable energy is driving demand for these batteries, which is likely to spur innovation and development in the sector.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Type

By Capacity

By Vertical

By Region

Country scope

India

Regional scope

North India, South India, East India, West India

Key companies profiled

Samsung SDI Co. Ltd, Panasonic India Pvt. Ltd, Tata Chemicals Ltd., Bharat Heavy Electricals Limited, Exide Industries, Coslight India Telecom Pvt. Limited, NEC India Private Limited, Amara Raja Batteries Ltd, Rajamane Telectric Pvt., Semyung India Enterprises (Pvt) Ltd

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the India Lithium-ion Battery market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

            ·         India Lithium-ion Battery Market, By Type:

o   Lithium cobalt oxide (LCO)

o   Lithium iron phosphate (LFP)

o   Lithium Nickel Cobalt Aluminum Oxide (NCA)

o   Lithium Manganese Oxide (LMO)

o   Lithium Titanate (LTO)

o   Lithium Nickel Manganese Cobalt (LMC)

            ·         India Lithium-ion Battery Market, By Capacity:

o   0-3,000 mAh

o   3,000-10,000 mAh

o   10,000-60,000 mAh

o   60,000 mAh and above

            ·         India Lithium-ion Battery Market, By Vertical:

o   Consumer Electronics

o   Automotive

o   Aerospace

o   Marine

o   Medical

o   Industrial

o   Power

o   Telecommunications

o   Others

            ·         India Lithium-ion Battery Market, By Region:

o   North India

o   South India

o   East India

o   West India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Lithium-ion Battery market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The India Lithium-ion Battery market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.     Market Definition

1.2.     Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

4.1.  Brand Awareness

4.2.  Factors Considered while Selecting Service Providers

4.3.  Key Satisfaction Level

4.4.  Major Challenges Faced

5.    India Lithium-ion Battery Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type (Lithium cobalt oxide (LCO), Lithium iron phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate (LTO), Lithium Nickel Manganese Cobalt (LMC))

5.2.2.    By Capacity (0-3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh, 60,000 mAh and above)

5.2.3.    By Vertical (Consumer Electronics, Automotive, Aerospace, Marine, Medical, Industrial, Power, Telecommunications and Others)

5.2.4.    By Region

5.2.5.    By Company (2022)

5.3.  Market Map

5.3.1.    By Type

5.3.2.    By Capacity

5.3.3.    By Vertical

5.3.4.    By Region

6.    North India Lithium-ion Battery Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Capacity

6.2.3.    By Vertical

7.    South India Lithium-ion Battery Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Capacity

7.2.3.    By Vertical

8.    West India Lithium-ion Battery Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Capacity

8.2.3.    By Vertical

9.    East India Lithium-ion Battery Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Capacity

9.2.3.    By Vertical

10. Market Dynamics

10.1. Drivers

10.1.1. Rising Adoption of Electric Vehicles

10.1.2. Growing Consumption of Rechargeable Batteries in Consumer Electronics

10.1.3. Increasing Government Funding in Grid Installations

10.2. Challenges

10.2.1. Safety Concerns for End Consumers from Unorganized Market

10.2.2. Lack of Adequate Infrastructure for Charging and Servicing

10.2.3. High Costs of Li Ion Batteries

11. Market Trends & Developments

11.1.   Falling Battery Prices

11.2.   Recycling Initiatives

11.3.   Several Strategies Adopted by Key Players

11.4.   Government Initiatives

11.5.   Domestic Production

12. Impact of COVID-19 on India Lithium-ion Battery Market

13. Policy & Regulatory Landscape

14. India Economic Profile

15. Company Profiles

15.1.             Samsung SDI Co. Ltd

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. Key Product/Services

15.2.             Panasonic India Pvt. Ltd

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Services

15.3.             Tata Chemicals Ltd

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel

15.3.5. Key Product/Services

15.4.             Exide Industries

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel

15.4.5. Key Product/Services

15.5.             Coslight India Telecom Pvt. Limited

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel

15.5.5. Key Product/Services

15.6.             NEC India Private Limited

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel

15.6.5. Key Product/Services

15.7.             Amara Raja Batteries Ltd

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel

15.7.5. Key Product/Services

15.8.             Rajamane Telectric Pvt

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel

15.8.5. Key Product/Services

15.9.             Semyung India Enterprises (Pvt) Ltd

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel

15.9.5. Key Product/Services

15.10.          Bharat Heavy Electricals Limited

15.10.1.              Business Overview

15.10.2.              Key Revenue and Financials

15.10.3.              Recent Developments

15.10.4.              Key Personnel

15.10.5.              Key Product/Services

16. Strategic Recommendations

16.1.   Fastest Growing Market by Vertical

16.2.   Fastest Growing Market by Capacity

16.3.   Dominating Market by Region

16.4.   Growing Technologies

17. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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The future of lithium-ion batteries in India is promising, as the country continues to push for the adoption of EVs and the establishment of domestic manufacturing facilities for these batteries. With continued investment and innovation, it is likely that lithium-ion batteries would play a critical role in India's transition to a more sustainable and low-carbon economy.

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In India, the regulation of lithium-ion batteries is primarily done by the Bureau of Indian Standards (BIS) and the Ministry of New and Renewable Energy (MNRE). Some of the key regulations for lithium-ion batteries in India recycling regulations, import regulations, quality, and safety standards.

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One of the challenges is the lack of adequate infrastructure for charging and servicing these batteries, particularly in rural areas. The government is working to address this by installing charging stations and providing training to technicians for servicing and repairing these batteries.

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Samsung SDI Co. Ltd, Panasonic India Pvt. Ltd, Tata Chemicals Ltd., Bharat Heavy Electricals Limited, Exide Industries, Coslight India Telecom Pvt. Limited, NEC India Private Limited, Amara Raja Batteries Ltd., Rajamane Telectric Pvt., Semyung India Enterprises (Pvt) Ltd. are the main market players in the India Lithium-ion Battery Market.