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India Battery Market, By Product Type (Lead Acid, Lithium Ion (Li-ion), Nickel Metal Hydride, Nickel Cadmium, Lithium Titanate Oxide (LTO)); By Application (Automotive Batteries, Industrial Batteries, Portable Batteries); By End Use (Aerospace, Automobile

Publisher BlueWeave Consulting
Published Aug 29, 2024
Length 200 Pages
SKU # BLWC19215249

Description

India Battery Market, By Product Type (Lead Acid, Lithium Ion (Li-ion), Nickel Metal Hydride, Nickel Cadmium, Lithium Titanate Oxide (LTO)); By Application (Automotive Batteries, Industrial Batteries, Portable Batteries); By End Use (Aerospace, Automobile, Electronics, Energy Storage, Military & Defense); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030


India Battery Market Size almost Triples at Electrifying CAGR to Surpass Stellar Value of USD 18 Billion by 2030

India Battery Market is booming due to the soaring electric vehicle (EV) adoption, rising integration of renewable energy for EVs, and the government’s increasing support for electric mobility.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Battery Market size by value at USD 6.12 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Battery Market size to expand at a CAGR of 16.52% reaching a value of USD 18.05 billion by 2030. The Battery Market in India is propelled by the escalating adoption of electric vehicles (EVs), a burgeoning telecommunications infrastructure, and advancements in battery technology. The rapid growth of the EV and energy storage sectors has created a fertile ground for the Indian battery industry. Government initiatives, such as incentives for battery cell production and investments, have further accelerated this growth, attracting both domestic and foreign players. With the continued support of the government and the increasing adoption of EVs, India's battery market is poised for significant expansion, offering untapped opportunities for businesses and investors alike.

Opportunities - Increasing Domestic Manufacturing

Increasing domestic manufacturing presents a significant opportunity for growth in India battery market. The National Smart Grid Mission (NSGM), launched by the Government of India, aims to enhance the reliability of electricity networks and integrate renewable energy through smart grids, creating a strong demand for batteries and expanding opportunities for local manufacturers. Complementing this, the National Mission on Transformative Mobility and Battery Storage focuses on reducing reliance on imports from countries such as China, Hong Kong, Japan, and South Korea, thereby bolstering domestic battery production. Additionally, the strategic investment of INR 1,151 crore over the next five years, outlined in the "e-mobility R&D Roadmap" by the Office of the Principal Scientific Advisor, emphasizes the development of battery technology for electric vehicles, energy storage cells, and charging infrastructure. This investment aims to enhance domestic manufacturing capabilities, support local industry growth, and strengthen India's position in the global battery market, thereby presenting substantial opportunities for innovations and expansion in India Battery Market.
South India Leads India Battery Market

South India has become a key hub for battery manufacturing in India, significantly contributing to the growth of India Battery Market with facilities serving automotive, industrial, and consumer applications. The region's economic growth and rising demand for sustainable energy solutions have driven a surge in battery production. States like Tamil Nadu and Andhra Pradesh have established battery clusters and expanded solar power installations, while Karnataka and Tamil Nadu are known for wind power, necessitating grid-scale battery storage. Batteries are also crucial for telecommunications infrastructure, providing backup power in rural areas and ensuring uninterrupted services. Despite its growth, South India needs to address environmental sustainability and adapt to emerging technologies to maintain its leadership position in India Battery Market.
Impact of Escalating Geopolitical Tensions on India Battery Market

India Battery Market may face significant challenges from intensifying geopolitical tensions across the world. Trade barriers, supply chain disruptions, and volatile raw material prices, all fueled by global conflicts, threaten to drive up battery costs and destabilize the market. Moreover, geopolitical instability could hamper international collaborations and technology transfers, hindering innovation and development in battery technology. To weather this storm, Indian battery companies must diversify their supply chains and invest in domestic manufacturing. Navigating these geopolitical risks is crucial to sustaining market momentum and ensuring resilience in an increasingly uncertain world.

Competitive Landscape

India Battery Market is fragmented, with numerous players serving the market. The key players dominating India Battery Market include Exide Industries Ltd, Luminous Power Technologies Pvt Ltd, HBL Power Systems Ltd, TATA AutoComp GY Batteries Pvt Ltd, Okaya Power Pvt Ltd, Amara Raja Batteries Ltd, Su-Kam Power Systems Ltd, Base Corporation Ltd, Southern Batteries Pvt Ltd, Evolute Solutions Pvt Ltd, LG Chem Ltd, CATL, Samsung SDI Co Ltd, Gotion High Tech Co Ltd, Primearth EV Energy Co Ltd, China Aviation Lithium Battery Co Ltd, and Panasonic Corporation. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and India Battery Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Battery Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. India Battery Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Electric Vehicle (EV) Revolution
3.2.1.2. Renewable Energy Integration
3.2.1.3. Various Government Initiatives
3.2.1.4. Rising Disposable Incomes
3.2.2. Restraints
3.2.2.1. High Battery Costs
3.2.2.2. Limited Charging Infrastructure
3.2.2.3. Raw Material Dependency
3.2.3. Opportunities
3.2.3.1. Increasing Domestic Manufacturing
3.2.3.2. Battery Recycling
3.2.3.3. Two-Wheeler and Three-Wheeler Segment
3.2.4. Challenges
3.2.4.1. Ongoing Supply Chain Disruptions
3.2.4.2. Safety Concerns
3.2.4.3. Standardization
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. India Battery Market: Marketing Strategies
5. India Battery Market Overview
5.1. Market Size & Forecast, 2019–2030
5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
5.2.1. By Product Type
5.2.1.1. Lead Acid
5.2.1.2. Lithium Ion
5.2.1.3. Nickel Metal Hydride
5.2.1.4. Nickel Cadmium
5.2.1.5. Lithium Titanate Oxide (LTO)
5.2.1.6. Others
5.2.2. By Application
5.2.2.1. Automotive Batteries
5.2.2.2. Industrial Batteries
5.2.2.3. Portable Batteries
5.2.3. By End Use
5.2.3.1. Aerospace
5.2.3.2. Automobile
5.2.3.3. Electronics
5.2.3.4. Energy Storage
5.2.3.5. Military & Defense
5.2.3.6. Others
5.2.4. By Region
5.2.4.1. North India
5.2.4.2. South India
5.2.4.3. East India
5.2.4.4. West India
6. North India Battery Market
6.1. Market Size & Forecast, 2019–2030
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Product Type
6.2.2. By Application
6.2.3. By End Use
7. South India Battery Market
7.1. Market Size & Forecast, 2019–2030
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Application
7.2.3. By End Use
8. East India Battery Market
8.1. Market Size & Forecast, 2019–2030
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Application
8.2.3. By End Use
9. West India Battery Market
9.1. Market Size & Forecast, 2019–2030
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Application
9.2.3. By End Use
10. Competitive Landscape
10.1. List of Key Players and Their Offerings
10.2. India Battery Company Market Share Analysis, 2023
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Escalating Geopolitical Tensions on India Battery Market
12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
12.1. Exide Industries Ltd
12.2. Luminous Power Technologies Pvt Ltd
12.3. HBL Power Systems Ltd
12.4. TATA AutoComp GY Batteries Pvt Ltd
12.5. Okaya Power Pvt Ltd
12.6. Amara Raja Batteries Ltd
12.7. Su-Kam Power Systems Ltd
12.8. Base Corporation Ltd
12.9. Southern Batteries Pvt Ltd
12.10. Evolute Solutions Pvt Ltd
12.11. LG Chem Ltd
12.12. CATL
12.13. Samsung SDI Co. Ltd
12.14. Gotion High Tech Co Ltd
12.15. Primearth EV Energy Co., Ltd
12.16. China Aviation Lithium Battery Co., Ltd
12.17. Panasonic Corporation
12.18. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
14.1. Qualitative Research
14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
14.3.1. Secondary Research
14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 India Battery Segmentation
Figure 2 India Battery Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 India Battery Market Size, By Value (USD Billion), 2019–2030
Figure 5 India Battery Market Share, By Product Types, By Value, 2019–2030
Figure 6 India Battery Market Share, By Application, By Value, 2019–2030
Figure 7 India Battery Market Share, By End Use, By Value, 2019–2030
Figure 8 North India Battery Market Size, By Value (USD Billion), 2019–2030
Figure 9 North India Battery Market Share, By Product Types , By Value, 2019–2030
Figure 10 North India Battery Market Share, By Application, By Value, 2019–2030
Figure 11 North India Battery Market Share, By End Use, By Value, 2019–2030
Figure 12 South India Battery Market Size, By Value (USD Billion), 2019–2030
Figure 13 South India Battery Market Share, By Product Types , By Value, 2019–2030
Figure 14 South India Battery Market Share, By Application, By Value, 2019–2030
Figure 15 South India Battery Market Share, By End Use, By Value, 2019–2030
Figure 16 East India Battery Market Size, By Value (USD Billion), 2019–2030
Figure 17 East India Battery Market Share, By Product Types , By Value, 2019–2030
Figure 18 East India Battery Market Share, By Application, By Value, 2019–2030
Figure 19 East India Battery Market Share, By End Use, By Value, 2019–2030
Figure 20 West India Battery Market Size, By Value (USD Billion), 2019–2030
Figure 21 West India Battery Market Share, By Product Types, By Value, 2019–2030
Figure 22 West India Battery Market Share, By Application, By Value, 2019–2030
Figure 23 West India Battery Market Share, By End Use, By Value, 2019–2030
List of Tables
Table 1 India Battery Market Size, By Value (USD Billion), 2019–2030
Table 2 India Battery Market Share, By Product Types, By Value, 2019–2030
Table 3 India Battery Market Share, By Application, By Value, 2019–2030
Table 4 India Battery Market Share, By End Use, By Value, 2019–2030
Table 5 North India Battery Market Size, By Value (USD Billion), 2019–2030
Table 6 North India Battery Market Share, By Product Types , By Value, 2019–2030
Table 7 North India Battery Market Share, By Application, By Value, 2019–2030
Table 8 North India Battery Market Share, By End Use, By Value, 2019–2030
Table 9 South India Battery Market Size, By Value (USD Billion), 2019–2030
Table 10 South India Battery Market Share, By Product Types , By Value, 2019–2030
Table 11 South India Battery Market Share, By Application, By Value, 2019–2030
Table 12 South India Battery Market Share, By End Use, By Value, 2019–2030
Table 13 East India Battery Market Size, By Value (USD Billion), 2019–2030
Table 14 East India Battery Market Share, By Product Types , By Value, 2019–2030
Table 15 East India Battery Market Share, By Application, By Value, 2019–2030
Table 16 East India Battery Market Share, By End Use, By Value, 2019–2030
Table 17 West India Battery Market Size, By Value (USD Billion), 2019–2030
Table 18 West India Battery Market Share, By Product Types , By Value, 2019–2030
Table 19 West India Battery Market Share, By Application, By Value, 2019–2030
Table 20 West India Battery Market Share, By End Use, By Value, 2019–2030
Table 21 Exide Industries Ltd Company Overview
Table 22 Exide Industries Ltd Financial Overview
Table 23 Luminous Power Technologies Pvt Ltd Company Overview
Table 24 Luminous Power Technologies Pvt Ltd Financial Overview
Table 25 HBL Power Systems Ltd Company Overview
Table 26 HBL Power Systems Ltd Financial Overview
Table 27 TATA AutoComp GY Batteries Pvt Ltd Company Overview
Table 28 TATA AutoComp GY Batteries Pvt Ltd Financial Overview
Table 29 Okaya Power Pvt Ltd Company Overview
Table 30 Okaya Power Pvt Ltd Financial Overview
Table 31 Amara Raja Batteries Ltd Company Overview
Table 32 Amara Raja Batteries Ltd Financial Overview
Table 33 Su-Kam Power Systems Ltd Company Overview
Table 34 Su-Kam Power Systems Ltd Financial Overview
Table 35 Base Corporation Ltd Company Overview
Table 36 Base Corporation Ltd Financial Overview
Table 37 Southern Batteries Pvt Ltd Company Overview
Table 38 Southern Batteries Pvt Ltd Financial Overview
Table 39 Evolute Solutions Pvt Ltd Company Overview
Table 40 Evolute Solutions Pvt Ltd Financial Overview
Table 41 LG Chem Ltd Company Overview
Table 42 LG Chem Ltd Financial Overview
Table 43 CATL Company Overview
Table 44 CATL Financial Overview
Table 45 Samsung SDI Co. Ltd Company Overview
Table 46 Samsung SDI Co. Ltd Financial Overview
Table 47 Gotion High Tech Co Ltd Company Overview
Table 48 Gotion High Tech Co Ltd Financial Overview
Table 49 Primearth EV Energy Co., Ltd Company Overview
Table 50 Primearth EV Energy Co., Ltd Financial Overview
Table 51 China Aviation Lithium Battery Co., Ltd Company Overview
Table 52 China Aviation Lithium Battery Co., Ltd Financial Overview
Table 53 Panasonic Corporation Company Overview
Table 54 Panasonic Corporation Financial Overview

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