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The India lithium-ion battery market reached a value of US$ 2.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.7 Billion by 2027, exhibiting at a CAGR of 15.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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. In comparison to the traditionally used lithium batteries, lithium-ion variants can be completely discharged and charged again without deterioration, have a higher charge storage per unit mass and unit volume with low self-discharge rates. As a result, they find extensive application across industries, such as electronics, automotive, military and aerospace.
The India lithium-ion battery market is primarily driven by the increasing demand for consumer electronics among the masses. There is a rapid shift in the consumer preference toward compact and portable devices, which has led to the escalating requirement for efficient storage and power backup solutions. Moreover, the widespread adoption of lithium-ion batteries in automobiles is also providing a thrust to the market growth. Lithium cobalt oxide (LCO) and lithium nickel manganese cobalt oxide (NMC) batteries are extensively used in hybrid and electric vehicles (H/EVs) as they have low self-heating rates and provide enhanced vehicle efficiency, longer distance coverage and shorter charging time. Additionally, the implementation of favorable government policies promoting the industrial manufacturing and utilization of lithium-ion batteries for sustainable energy distribution is favoring the market growth. Other factors, including the widespread utilization of robotic solutions across industries, along with the deployment of smart grid and renewable energy systems, especially in the rural areas, are driving the market growth across the country.
IMARC Group provides an analysis of the key trends in each sub-segment of the India lithium-ion battery market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product type, power capacity and application.
Breakup by Product Type:
Breakup by Power Capacity:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Power Capacity, Application, Region|
|Region Covered||North India, West and Central India, South India, East India|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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