India Lithium-ion Battery Market Size (2024-2030): Anticipated Growth to USD 6.92 Bn

India Lithium-ion Battery Market size was valued at USD 2.54 Bn in 2023 and is expected to reach USD 6.92 Bn by 2030, at a CAGR of 15.4 %.

India Lithium-ion Battery Market Overview

When a battery is discharged, lithium ions travel from the negative electrode to the positive electrode via an electrolyte, and vice versa. This process is known as a lithium-ion battery, or Li-ion battery. Graphite is usually used at the negative electrode of Li-ion cells, while an intercalated lithium compound is used at the positive electrode. Li-ion batteries feature minimal self-discharge, a high energy density, and no memory effect (except from LFP cells). When making cells, power density or energy density are given priority. Because they contain flammable electrolytes and can explode or catch fire if broken, they pose a safety risk. An advanced rechargeable and reusable power source made of lithium ions by electrochemistry is called a lithium-ion battery.

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India Lithium-ion Battery Market Report Scope and Research Methodology

The portfolio, technology adoption, financial standing, merger and acquisition, joint ventures and strategic alliances are involved in the competitive environment for the India Lithium-ion Battery market. The report is an in-depth analysis of the India Lithium-ion Battery market provided with key findings including Pricing, investments, expansion plans, and physical presence in the India Lithium-ion Battery market. The bottom-up approach was used to understand the India Lithium-ion Battery market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities, and challenges of the India Lithium-ion Battery market.

On many fronts, raw market data is gathered and compiled. To make sure that only verified and authenticated sources are taken into consideration, data is constantly vetted. Furthermore, data is extracted from numerous reports within our repository and several well-known commercial databases. Understanding the entire value chain is crucial for a thorough understanding of the market, and we gather information from buyers, distributors, and suppliers of raw materials to make this process easier.

India Lithium-ion Battery Market Regional Insights

Due to a combination of strategic characteristics that make it the center of invention and production of batteries, South India—more specifically, the state of Karnataka—dominates the Indian lithium-ion battery market. With Bengaluru as its capital, Karnataka has grown to be a significant centre for the automotive and technology sectors because of its strong industrial infrastructure and welcoming business environment. Due to the state’s extensive policy frameworks and incentives for technology-driven industries, both domestic and foreign businesses have made large investments.

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India Lithium-ion Battery Market Segmentation

By Type

Lithium Nickel Manganese Cobalt
Lithium Iron Phosphate
Lithium Cobalt Oxide
Lithium Titanate Oxide
Lithium Manganese Oxide
Lithium Nickel Cobalt Aluminum Oxide

Lithium Nickel Manganese Cobalt, Lithium Iron Phosphate, Lithium Cobalt Oxide, Lithium Titanate Oxide, Lithium Manganese Oxide, and Lithium Nickel Cobalt Aluminum Oxide are the different market segments based on the kind. Over the course of the projected period, lithium iron phosphate is anticipated to dominate the Indian lithium-ion battery market. LFP batteries, sometimes referred to as LiFePO4 batteries, are distinguished by their high current rating and lengthy service life, which frequently exceeds five years. When compared to other lithium-ion chemistries, these batteries provide improved thermal stability, low resistance, and outstanding electrochemical performance. LFP batteries, which have a nominal voltage of 3.2V per cell, are extensively utilized in solar energy storage and e-mobility applications.

By Material

Cathode material
Anode material
Electrolyte material
Separator material
Current collector material
Others

The market is divided into categories according to the material, including current collector material, separator material, anode material, electrolyte material, and cathode material. In 2023, the highest proportion of the Indian lithium-ion battery market belonged to cathode material. Cathode materials have become the main component in the Indian lithium-ion battery market, propelling the sector’s major advancements. The acquisition of Johnson Matthey’s lithium-ion phosphate (LFP) cathode active material technology center in Moosburg, Germany, by Epsilon Advanced Materials (EAM) has garnered significant attention recently. With this acquisition, India becomes the first nation in Asia outside of China to produce LFP cathode materials, which is a significant accomplishment.

By Capacity

Below 3,000 mAh
3,001 – 10,000 mAh
10,001 – 60,000 mAh
Above 60,000 mAh

By Application

Consumer Electronics
Automotive
Energy Shortage (Power)
Industrial Applications (Aerospace, Marine, Medical, Telecommunications, Others)

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India Lithium-ion Battery Market Key Players

1. Battrixx ( Bengaluru, Karnataka, India)
2. Contemporary Amperex Technology Co., Ltd. (CATL) ( Bengaluru, Karnataka, India)
3. Exicom Tele(Systems Limited ( New Delhi, India)
4. Grinntech Motors & Services Pvt. Ltd.( Chennai, Tamil Nadu, India)
5. Guoxuan High (Gotion High Tech Co. Ltd.) ( Bengaluru, Karnataka, India)
6. LG Energy Solution Ltd. ( Pune, Maharashtra, India)
7. Panasonic Life Solutions India Pvt. Ltd. ( Mumbai, Maharashtra, India)
8. Samsung SDI Co., Ltd. ( Bengaluru, Karnataka, India)
9. Toshiba Corporation (Toshiba India Pvt. Ltd.) ( New Delhi, India)
10. Trontek Electronics Pvt. Ltd. ( Pune, Maharashtra, India)
11. Coslight India Telecom Pvt. Ltd. ( Noida, Uttar Pradesh, India)
12. Cygni Energy Private Limited ( Hyderabad, Telangana, India)
13. Euclion Energy Private Limited ( Bengaluru, Karnataka, India)
14. Future Hi(Tech Batteries ( Surat, Gujarat, India)
15. Greenfuel Energy Solutions ( Bengaluru, Karnataka, India)
16. Log9 Materials Scientific Pvt Ltd. ( Bengaluru, Karnataka, India)
17. Loom Solar Pvt. Ltd. ( Faridabad, Haryana, India)
18. Okaya Power Pvt. Ltd. ( New Delhi, India)
19. Waaree ESS ( Mumbai, Maharashtra, India)

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Key questions answered in the India Lithium-ion Battery Market are:

What is India Lithium-ion Battery?
Which are the factors expected to drive the India Lithium-ion Battery market growth?
What are the different segments of the India Lithium-ion Battery Market?
What growth strategies are the players considering to increase their presence in India Lithium-ion Battery?
What are the upcoming industry applications and trends for the India Lithium-ion Battery Market?
What segments are covered in the India Lithium-ion Battery Market?
Who are the leading companies and what are their portfolios in India Lithium-ion Battery Market?
What segments are covered in the India Lithium-ion Battery Market?
Who are the key players in the India Lithium-ion Battery market?

Key Offerings:

Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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