Astute Analytica recently published a new research report titled Global India Lithium-ion Battery Market. This includes in-depth information on new trends, market factors, business prospects, and obstacles that could alter the market dynamics of the sector. It offers a thorough overview of the market segments, including information on goods, applications, and competitors.
The India Lithium-ion Battery Market generated US$ 2,441.7 Mn in revenue in the year 2020 and is estimated to record 21.8% CAGR during the forecast period, 2022-2027. The market in 2027 is valued at US$ 11,135.8 Mn.
With strategic analysis, micro and macro market trends and scenarios, price analysis, and a comprehensive description of the market conditions in the forecast period, the global India Lithium-ion Battery Market research report keeps a close eye on the major competitors.
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The report’s key and secondary drivers, market share, top segments, and regional analysis are all highlighted in this expertly written-and comprehensive document. The paper also examines prominent actors, significant partnerships, mergers, and acquisitions, as well as popular innovations and business practices.
Leading Companies
The lithium-ion battery market in India is considered oligopolistic in nature with few players dominating the majority of leading demand markets. It is expected to shift to a more competitive environment as these players consolidate their positions and with more international players fast expanding their presence in the domestic market.
For instance, as part of its smart city program, Amara Raja Batteries has established electric vehicle (EV) battery charging and battery swapping facilities in Tirupati in conjunction with Tirupati Municipal Corporation. Similarly, Toyota Motor Corporation and Panasonic Corporation have formed a joint venture to develop automotive prismatic batteries for electric vehicles (EVs).
Other players profiled in the report include the following – ISRO, Amara Raja Group, HBL Power Systems Limited, EON Electric Ltd., Exide Industries Ltd., Microtex Energy Pvt. Ltd., Mercom Capital Group, LLC, Tata Chemicals, Bharat Heavy Electricals Ltd., BYD Company, LG Chem, Panasonic Corporation, Samsung SDI, BAK Group, Hitachi Corporation, Johnson Controls, and Toshiba Corporation.
The development work being done in the market sector for India Lithium-ion Battery Market, the remaining suppliers and dealers, regional import and export surveys, and regional import and export surveys are all covered in this area. The remaining data was gathered through surveys, public announcements, news articles, premium white newspapers, and interviews with all Cleeve officials.
Segmentation Overview
By Product 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)
By Power Capacity
- 0-3,000 mAH
- 3,000-10,000 mAH
- 10,000-60,000 mAH
- More than 60,000 mAH
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By Form/Design
- Pouch
- Cylindrical
- Elliptical
- Prismatic
- Custom Design
By Application
- Consumer Electronics OEMs
- Smartphones
- Laptops
- UPS Systems
- Smart Cameras
- Smart Watches
- Smart Glasses
- Smart Textiles
- Others
- Automotive OEMs
- Hybrid Electric Vehicles (HEVs)
- Battery Electric Vehicles (BEVs)
- Others (Service Stations/Dealers)
- Energy Storage
- Commercial
- Industrial
- Residential
- Utilities
- Industrial OEMs
- Military
- Industrial Equipment
- Medical
- Marine
- Telecommunication
- Mining
- Forklifts
- Others
- Other OEMs
- Aftermarket
By Region
- North
- Uttar Pradesh
- Rajasthan
- Delhi
- Haryana
- South
- Tamil Nadu
- Kerala
- Karnataka
- Andhra Pradesh
- East
- West Bengal
- Bihar
- Assam
- West
- Gujarat
- Madhya Pradesh
- Maharashtra
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