India Lithium-Ion Battery Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Application (Portable, Automotive, and Other Applications)

Market Snapshot

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Study Period:

2017-2024

Base Year:

2018

Key Players:

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Market Overview

The market for lithium-ion battery in India is expected to grow at a CAGR of 34.8% during the forecast period of 2019 – 2024. Factors such as decline in lithium-ion battery prices along with the emergence of new and exciting markets, i.e., electric vehicle and energy storage systems (ESS), for both commercial and residential applications are expected to be the major drivers for the lithium-ion battery market in India. The lack of prominent reserves required for the manufacturing of lithium-ion battery is expected to pose a challenge for local production and the market for lithium-ion batteries in the country. 

  • The other applications segment which includes energy storage for solar power plants, military, telecom, power tools, etc. accounts for the largest share in the India lithium-ion battery market owing to the increasing demand from these applications.
  • The uptake of lithium-ion-based energy storage in India are expected to create significant opportunities for India lithium-ion battery market in the future.

Scope of the Report

The India lithium-ion battery market report include:

Application
Portable
Automotive
Other Applications

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand for Electric Vehicles

  • Although the electric vehicle (EV) market is still in its infancy in India, it is expected to be more important going forward, as the government has undertaken various initiatives to promote electric vehicles in the country.
  • The country has an ambitious target of becoming an all-EV nation by 2030. In the process toward mass adoption of electric vehicles in the country, the government has announced its plan to introduce 10,000 electric buses and 50,000 electric rickshaws within the next few years. This is expected to raise the consumption of lithium-ion batteries.
  • The Government of India ordered 10,000 electric cars from Tata Motors in September 2017 as part of its plan to increase EV adoption in the country. The expected increase in the sale of electric vehicles is expected to drive the demand for lithium-ion batteries as well.
  • Adding to this, in December 2017, the Ministry of Heavy Industries and Public Sector Enterprises announced their commitment to make public transport fully electric, under the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME) India scheme.
  • Therefore the growth in the Indian EV market is expected to have a direct impact on the growth of lithium-ion battery market in the country and thereby driving the market studied over the forecast period.
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Competitive Landscape

The India lithium-ion battery market is moderately concentrated. Some of the major companies include Exide Industries Ltd., Amara Raja Batteries Ltd, and Toshiba Corporation.

Major Players

  1. Exide Industries Ltd.
  2. Amara Raja Batteries Ltd
  3. Toshiba Corporation

* Complete list of players covered available in the table of contents below

Seismic Services  MArket Concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

    4. 1.4 Study Deliverables

    5. 1.5 Research Phases

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2024

    3. 4.3 Recent Trends and Developments

    4. 4.4 Market Dynamics

      1. 4.4.1 Drivers

      2. 4.4.2 Restraints

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Portable

      2. 5.1.2 Automotive

      3. 5.1.3 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Key Company Profiles

      1. 6.3.1 Amara Raja Batteries Ltd

      2. 6.3.2 Exide Industries Limited

      3. 6.3.3 Reliance Industries Limited

      4. 6.3.4 Mahindra & Mahindra Limited (M&M)

      5. 6.3.5 Suzuki Motor Corp.

      6. 6.3.6 Toshiba Corporation

      7. 6.3.7 Denso Corp.

      8. 6.3.8 Munoth Communication Limited

      9. 6.3.9 JSW Energy Limited

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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