According to MarkNtel Advisors’ research report “India Lithium-Ion Battery Market Analysis, 2020”, the lithium-ion battery market is projected to register a CAGR of around 16% during 2020-25. The lithium-cobalt oxide segment grabbed the highest market share in the India lithium-ion battery market in 2019. These batteries are widely being used in consumer electronics products due to their high specific energy properties (limited load capabilities), which make them suitable to be used as a power storage device. The superior charging capacity and lightweight characteristics make them a viable option for consumers in India. Moreover, on account of increasing demand for electronics items such as cameras, cellular phones, laptops, etc., the lithium cobalt oxide segment dominated the India lithium-ion battery market.
In 2019, the industrial sector captured a significant market share in the India lithium-ion battery market. On account of large scale expansion in energy storage solution domain, telecommunication network and growing demand for medical equipment in the country, the share of lithium-ion batteries from the industrial sector is rising. the demand for lithium-ion batteries from solar power sector is growing as they are being used as a primary power storage device for the power generated by the solar plant. They are also used in telecom towers to ensure consistent power supply, while in the healthcare industry they are used in various medical devices. In addition, the growth in India’s healthcare sector is expected to act as a driving force for the increasing demand for lithium-ion batteries during the forecast period.
According to MarkNtel Advisors, the key players capturing a considerable market share in the India lithium-ion battery market include Panasonic, Murata Electronics, Coslight, Samsung, Envision, ACME Cleantech Solutions, Amco Saft, etc. The companies are increasingly collaborating to gain an advantage over their competitors. In 2019, Panasonic partnered with electric mobility service providers' SmartE and qQuick, wherein Panasonic would deploy the EV charging service on 150 SmartE electric three-wheelers and on 25 qQuick 2 wheelers in the Delhi NCR region.
Key Questions Answered in the Market Research Report
- What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of India lithium ion battery market?
- What are the regional and country wise industry size, growth drivers and challenges key market trends?
- What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the India lithium ion battery market?
- Who are the key competitors or market players and how they perform in India lithium ion battery market on the basis of competitive benchmarking matrix?
- What are the key results derived from the market surveys conducted during the course of India lithium ion battery market study?
Market Outlook, Segmentation and Statistics
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Type
- Lithium Cobalt Oxide
- Lithium Manganese Oxide
- Lithium Iron Phosphate
- By Application
- Consumer Electronics
- By Type
- By Region
Frequently Asked Questions
Q. What would be the growth rate or CAGR India lithium-ion battery market during 2020-25?
A. The market size of India Lithium-Ion Battery market during 2020-25 is forecast to be around 16%
Q. Which Lithium-Ion Battery type would grab the highest market share during 2020-25?
A. It is forecast that lithium-cobalt oxide will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in India lithium-ion battery market?
A. Panasonic, Murata Electronics, Coslight, Samsung, Envision, ACME Cleantech Solutions, Amco Saft, Rajamane Telectric, Semyung, LG Polymer are few of the leading players in the India Lithium-Ion Battery market.
Q. Does the report scope cover application wise market statistics also?
A. Yes, the scope of the report encompass detailed application wise statistics such as market size, market segmentation based on various subcategories.
Q. Which application segment would emerge as an opportunity area for players in lithium-ion battery?
A. Industrial application would continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of lithium-ion battery across India
Frequently Asked Questions
1.1. Product Definition
1.2. Research Process
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Macro-Economic Indicators
5. India Lithium-Ion Battery Market Analysis, 2015-2025F
5.1. Market Size & Analysis
5.1.1. Market Revenues
5.2. Market Share & Analysis
5.2.1. By Type
22.214.171.124. Lithium Cobalt Oxide
126.96.36.199. Lithium Manganese Oxide
188.8.131.52. Lithium Iron Phosphate
5.2.2. By Application
184.108.40.206. Consumer Electronics
5.2.3. By Region
5.2.4. By Company
220.127.116.11. Competitor Wise Revenue Share
18.104.22.168. Strategic Factorial Indexing
22.214.171.124. Competitor Placement on MarkNtel Quadrant
6. India Consumer Electronics Lithium-Ion Battery Market Analysis, 2015-2025F
6.1. Market Size & Analysis
6.1.1. Market Revenues
6.2. Market Share & Analysis
6.2.1. By Type
6.2.2. By Region
7. India Industrial Lithium-Ion Battery Market Analysis, 2015-2025F
7.1. Market Size & Analysis
7.1.1. Market Revenues
7.2. Market Share & Analysis
7.2.1. By Type
7.2.2. By Region
8. India Automotive Lithium-Ion Battery Market Analysis, 2015-2025F
8.1. Market Size & Analysis
8.1.1. Market Revenues
8.2. Market Share & Analysis
8.2.1. By Type
8.2.2. By Region
9. India Lithium-Ion Battery Market Attractiveness Index
9.1. By Type
9.2. By Application
9.3. By Region
10. India Lithium-Ion Battery Market Trends & Developments
11. India Lithium-Ion Battery Market Dynamics
12. Competitive Benchmarking
12.1.1. Product Portfolio
12.1.2. Target Markets
12.1.3. Target End Users
12.1.4. Research & Development
12.1.5. Strategic Alliances
12.2.2. Murata Electronics
12.2.6. ACME Cleantech Solutions
12.2.7. Amco Saft
12.2.8. Rajamane Telectric Pvt. Ltd.
12.2.9. Semyung India Enterprises (Pvt) Ltd.
12.2.10. LG Polymer India Pvt. Ltd.