India Lithium-Ion Battery Component Market, By Type (LI-NMC, LFP, LCO, LTO, LMO, NCA), By Application (Energy Storage, Others), By Form/Design (Prismatic, Elliptical, Others), By Power Capacity (0-300 mAH, Others), Estimation & Forecast, 2025 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider India Lithium-Ion Battery Component market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, India Lithium-Ion Battery Component market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Market Introduction
The India lithium-ion battery component market held a market value of USD 2,441.7 Million in 2020 and is estimated to reach USD 6,549.9 Million by the year 2025. The market is anticipated to register a CAGR of 21.8% during the forecast period.
Lithium-ion batteries are a type of rechargeable battery. They are quite commonly used in electric vehicles and portable electronics. It also has numerous applications in the military and aerospace sectors. The market is witnessing double-digit growth owing to the factors such as increasing penetration of electric vehicle sales and rising adoption of consumer electronics. Furthermore, rapid acceleration in supporting domestic industry of EV in India is also anticipated to boost the market growth.
The market is expected to be negatively influenced by the heavy reliance on imports of lithium-ion batteries and the availability of limited technical information about them. Furthermore, safety concerns regarding the storage and transportation of spent batteries are also estimated to hinder market growth.
Growth Influencers:
Increasing penetration of electric vehicle sales
The main source of power for electric vehicles is lithium-ion batteries. The rising adoption of electric vehicles owing to the increasing awareness regarding the environmental impact of non-electric vehicles is expected to boost the market growth. The sales of electric vehicles are rapidly rising owing to their high popularity as they have very fewer maintenance costs as compared to their counterparts and they are also energy savings. According to ETAuto.com, in India, 121,170 units of electric vehicles were sold between January to July 2021, as compared to 119,647 electric vehicles sold in whole of 2020. Due to these factors, electric vehicles are considered the future of the automobile industry, hence also boosting the demand for lithium-ion batteries.
Increasing adoption of consumer electronics
Lithium-ion batteries are used in consumer electronics, such as smartphones, digital cameras, and power tools, among others. Since the demand for high battery power for the wireless device is continuously increasing; the demand for lithium-ion batteries is also rapidly increasing. Other examples of consumer electronics, using lithium-ion batteries include, wearable devices, laptops, tablets, computers, TVs, VR & AR devices, and gaming consoles, among others. Rising demand for all these devices is expected to fuel market growth.
Segments Overview:
The India lithium-ion battery component market is segmented into type, power capacity, application, and form/design.
By Type,
• Lithium Nickel Magnesium Cobalt (LI-NMC)
• Lithium Ferro Phosphate (LFP)
• Lithium Cobalt Oxide (LCO)
• Lithium Titanate Oxide (LTO)
• Lithium Manganese Oxide (LMO)
• Lithium Nickel Cobalt Aluminum Oxide (NCA)
The lithium cobalt oxide (LCO) segment is anticipated to hold the largest market share of 36% owing to its growing adoption in video cameras, laptops, mobile phones, and other such modern electronic gadgets. The lithium ferro phosphate (LFP) is estimated to grow at the fastest growth rate of 38.5% during the projected period owing to its high usage in solar energy installations, power tools, and electric vehicles, among others.
By Application,
• Consumer Electronics OEMs
o Smartphones
o Laptops
o UPS Systems
o Smart Cameras
o Smart Watches
o Smart Glasses
o Smart Textiles
o Others
• Automotive OEMs
o Hybrid Electric Vehicles (HEVs)
o Battery Electric Vehicles (BEVs)
o Others (Service Stations/Dealers)
• Energy Storage
o Commercial
o Industrial
o Residential
o Utilities
• Industrial OEMs
o Military
o Industrial Equipment
o Medical
o Marine
o Telecommunication
o Mining
o Forklifts
o Others
• Other OEMs
• Aftermarket
The automotive OEMs segment is anticipated to witness the fastest growth rate of 35.3% owing to the rising applications of lithium-ion batteries in battery-driven vehicles. The consumer electronic OEMs segment is anticipated to hold the largest share of the market and within this segment; the smartphones segment is anticipated to surpass a market value of USD 450 million by 2024. Within the industrial OEMs segment, the marine segment is estimated to cross a market size of USD 12.5 million by 2023.
By Power Capacity,
• 0-300 mAH
• 3,000-10,000 mAH
• 10,000-60,000 mAH
• More than 60,000 mAH
The more than 60,000 mAH segment is estimated to grow at the fastest growth rate during the forecast period owing to increasing demand for batteries of this capacity in automotives. The 0-300 mAH segment is expected to surpass a market value of USD 1200 million by 2023.
By Form/Design,
• Pouch
• Cylindrical
• Elliptical
• Prismatic
• Custom Design
The pouch segment is anticipated to hold the largest market share owing to the high demand for pouch-shaped lithium-ion batteries. The prismatic segment is expected to grow at the fastest growth rate over the forecast period.
Regional Overview
By region, the India lithium-ion battery component market is divided into North India, South India, East India, and West India.
The South India region is expected to hold the largest market share owing to increasing demand for consumer electronics in the region, owing to the presence of a large information technology industry in this region. The region consists of Tamil Nadu, Kerala, Karnataka, and Andhra Pradesh. North India consists of states such as Uttar Pradesh, Rajasthan, Delhi, and Haryana.
The West India region is estimated to grow at the fastest rate owing to the presence of many manufacturing plants in this region. West India consists of Gujarat, Madhya Pradesh, and Maharashtra. The East India region consists of West Bengal, Bihar, and Assam. West Bengal is anticipated to surpass a market value of USD 43.6 million by 2025.
Competitive Landscape
Local players operating in the India lithium-ion battery component market include ISRO, Amara Raja Group, HBL Power Systems Limited, EON Electric Ltd., Exide Industries Ltd., Microtex Energy Pvt. Ltd., Mercom Capital Group, LLC, Tata Chemicals, and Bharat Heavy Electricals Ltd., among others.
Global players operating in the lithium-ion battery component market include BYD Company, LG Chem, Panasonic Corporation, Samsung SDI, BAK Group, Hitachi Corporation, Johnson Controls, and Toshiba Corporation, among others.
Major 4 players in the market hold approximately 47% of the market share. These market players are investing in product launches, collaborations, mergers & acquisitions, and expansions to create a competitive edge in the market. For instance, in July 2021, LG Chem acquired LG Electronics’ separation membrane business in order to strengthen its position as the largest general battery material company.
The India lithium-ion battery component market report provides insights on the below pointers:
• Market Penetration: Provides comprehensive information on the market offered by the prominent players
• Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
• Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
• Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the India lithium-ion battery component market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
• Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The India lithium-ion battery component market report answers questions such as:
• What is the market size and forecast of the India lithium-ion battery component Market?
• What are the inhibiting factors and impact of COVID-19 on the India lithium-ion battery component Market during the assessment period?
• Which are the products/segments/applications/areas to invest in over the assessment period in the India lithium-ion battery component Market?
• What is the competitive strategic window for opportunities in the India lithium-ion battery component Market?
• What are the technology trends and regulatory frameworks in the India lithium-ion battery component Market?
• What is the market share of the leading players in the India lithium-ion battery component Market?
• What modes and strategic moves are considered favorable for entering the India lithium-ion battery component Market?
What is market research report?
Market research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research. The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process. The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage. Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more. These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry. Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
Browse market information, tables and figures extent in-depth TOC, The latest independent research document on various market development activities and business strategies such as new product/services development, Joint Ventures, partnerships, mergers and acquisitions, etc. In order to provide a more informed view, a market company profiles include Business Overview, Product / Service Offerings, SWOT Analysis, Segment & Total Revenue, Gross Margin and % Market Share. This report explores market definitions, overview, classification, segmentation, inclusive of market type and applications followed by product specifications, manufacturing initiatives, pricing structures, raw material sourcing and supply chain analysis.
About Data Collection and Research Methodology: Majorly data is collected via primary sources that includes interviews and survey with industry experts from core and related industries, and manufacturers and part suppliers involved in supply chain. Additionally, secondary sources are also utilized like annual reports, whitepapers, press releases etc.
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
The study objectives of this report are:
- To study and analyze the market size (value & volume) by company, key regions/countries, products and application, history data, and forecast.
- To understand the structure of market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in India Lithium-Ion Battery Component Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of India Lithium-Ion Battery Component market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with India Lithium-Ion Battery Component Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
……..and view more in complete table of Contents
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