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The India lithium-ion battery market was valued at US$ 2.1 Billion in 2021.
We expect the India lithium-ion battery market to exhibit a CAGR of 15.3% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous end-use industries for lithium-ion batteries.
The escalating demand for electric vehicles, along with the growing application of lithium-ion batteries based on their excess power storage capacity, is primarily driving the India lithium-ion battery market.
Based on the product type, the India lithium-ion battery market can be segmented into lithium cobalt oxide, lithium iron phosphate, lithium nickel manganese cobalt, lithium manganese oxide, and others (li-ion nickel cobalt aluminum oxide and li-ion titanate oxide). Currently, lithium cobalt oxide holds the majority of the total market share.
Based on the power capacity, the India lithium-ion battery market has been divided into 0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh, and more than 60000mAh. Among these, 3000mAh to 10000mAh currently exhibits a clear dominance in the market.
Based on the application, the India lithium-ion battery market can be categorized into consumer electronics, electric vehicles, energy storage, and others. Currently, consumer electronics segment accounts for the largest market share.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where North India currently dominates the India lithium-ion battery market.
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