The Indian lithium-ion battery market is being impacted by rising demand from the consumer electronics end, where smartphones account for one-fifth. Recently, electric vehicles are being favored over conventional vehicles to reduce pollution, and the lithium-ion battery industry is expected to grow and gain credibility. With multiple players working to set up new factories or augment existing facilities, the industry is seeing a surge in the number of players investing across the supply chain. Request to see the scope of the Lithium Ion Battery Value Chain report: https://www.astuteanalytica.com/request-sample/india-lithium-ion-battery-market India's Lithium Ion Battery (LiB) Market It is projected to grow at a CAGR of 21.8% from 2021 to 2027, reaching over US$11 billion by 2027.

Changes in lifestyles and purchasing preferences of the middle-income class, who have a strong interest in home appliances such as smartphones, laptops, and home appliances, are one of the major factors driving the demand for lithium-ion batteries in India. is. Rapid urbanization, advances in renewable energy, and energy security are also transforming the automotive market, driving increased sales of electric vehicles (EVs). In addition, the R&D sector is investing heavily to support the domestic industry of electric vehicles in India. The Indian Institute of Technology Madras has a research and development center dedicated to new advanced battery technologies. The Government of India is determined to maximize the economic benefits of the rapid shift to electric mobility in India's rapidly growing urban areas. Such factors are supporting the growth of the Indian LiB market. Conversely, India's limited lithium reserves and reliance on imports, as well as competition from other advanced technologies such as zinc batteries and flow batteries, could hamper the smooth growth of the market. There is a nature. There are various types of Lithium-ion batteries on the market, such as LCO, LFP, NCA, NMC, LMO. However, lithium iron phosphate (LFP) dominates the market share because it is composed of metals such as iron phosphate, which are cheap and abundant in the country. Lithium cobalt oxide (LCO) batteries are growing at the highest CAGR due to the falling price of cobalt. This battery has various output capacities from 0-300mAH to over 60,000mAH depending on battery type and application. Among the various applications of LiBs, automotive OEMs account for the market share. Battery packs come in various forms, such as pouch-type, cylinder-type, and prism-type, and pouch-type battery packs are used in a variety of applications, including military, consumer, and automotive applications. Regional Analysis The regional analysis of the Indian market includes Uttar Pradesh, Rajasthan, Delhi and Haryana in North India; Tamil Nadu, Kerala, Karnataka and Andhra Pradesh in South India; West Bengal, Bihar and Assam in East India; Gujarat in West India; Areas such as Maharashtra and Madhya Pradesh were investigated. The southern region has a dominant presence in the Indian lithium-ion battery market due to the presence of ports and mines necessary for the production of lithium-ion batteries, as well as large-scale assembly plants. Competitor Analysis Amara Raja Batteries Limited (ARBL), a leader in the lithium-ion battery market, has partnered with Tirupati Municipal Corporation to install electric vehicle (EV) charging and battery exchange stations in Tirupati as part of its Smart Cities program. was installed in Tata Chemical, which competes with ARLB in the lithium-ion battery market, has set up a lithium-ion battery recycling plant with the aim of commercially recovering cathode active material from used lithium-ion batteries. Others in the market include HBL Power Systems, Eon Electric Ltd., Exide Industries Ltd., Microtex Group and BHEL. Market segmentation

By product type

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