Product Code: ETC4466305 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India battery technology market import shipments exhibited a robust growth trend from 2020 to 2024, with a notable CAGR of 31.1%. However, there was a slight slowdown in growth from 2023 to 2024, with a decrease of -2.8%. Overall, the market expanded significantly with strong momentum despite a minor dip in the last year.
The battery technology market in India is a dynamic and fast-evolving sector. As the country aims to reduce its carbon footprint and transition to cleaner energy sources, there is a growing emphasis on battery technology development. This includes innovations in lithium-ion, solid-state, and metal-air batteries, to name a few. The market is characterized by research and development efforts to enhance energy density, charging speed, and overall battery performance to meet the evolving demands of electric vehicles and renewable energy storage.
The battery technology market in India is being driven by a growing demand for energy storage solutions across various sectors. With an increasing focus on renewable energy sources, the need for advanced and efficient battery technology has risen significantly. Additionally, the push for electric mobility and the development of smart grid systems are key drivers. Government initiatives and policies that incentivize battery technology research and manufacturing also play a pivotal role in the market`s growth.
The battery technology market in India faces challenges such as the need for continuous research and development to improve battery performance, lifespan, and safety. Environmental concerns and sustainable battery manufacturing practices are becoming increasingly important, and stringent regulations may impact the industry. Addressing the cost and scalability of battery technologies is also a significant hurdle.
The COVID-19 pandemic has had mixed effects on the India battery technology market. While there was a temporary disruption in supply chains and manufacturing operations due to lockdowns and restrictions, the demand for batteries, particularly in the e-mobility sector, remained robust. This market saw increased interest in renewable energy storage solutions as remote working and renewable energy projects gained traction during the pandemic.
Prominent players in the India Battery Technology Market include Exide, Amara Raja, Luminous, and Su-Kam.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Battery Technology Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Battery Technology Market Revenues & Volume, 2021 & 2031F |
3.3 India Battery Technology Market - Industry Life Cycle |
3.4 India Battery Technology Market - Porter's Five Forces |
3.5 India Battery Technology Market Revenues & Volume Share, By Lithium-ion Type, 2021 & 2031F |
3.6 India Battery Technology Market Revenues & Volume Share, By Lead-Acid Type, 2021 & 2031F |
4 India Battery Technology Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in India |
4.2.2 Government initiatives and policies promoting renewable energy and energy storage solutions |
4.2.3 Technological advancements in battery technology leading to improved performance and cost efficiency |
4.3 Market Restraints |
4.3.1 High initial investment and production costs |
4.3.2 Lack of skilled workforce in the battery technology sector |
4.3.3 Dependency on imports for key raw materials |
5 India Battery Technology Market Trends |
6 India Battery Technology Market, By Types |
6.1 India Battery Technology Market, By Lithium-ion Type |
6.1.1 Overview and Analysis |
6.1.2 India Battery Technology Market Revenues & Volume, By Lithium-ion Type, 2021-2031F |
6.1.3 India Battery Technology Market Revenues & Volume, By Lithium Cobalt Oxide, 2021-2031F |
6.1.4 India Battery Technology Market Revenues & Volume, By Li-Iron Phosphate, 2021-2031F |
6.2 India Battery Technology Market, By Lead-Acid Type |
6.2.1 Overview and Analysis |
6.2.2 India Battery Technology Market Revenues & Volume, By Flooded, 2021-2031F |
6.2.3 India Battery Technology Market Revenues & Volume, By Valve Regulated, 2021-2031F |
7 India Battery Technology Market Import-Export Trade Statistics |
7.1 India Battery Technology Market Export to Major Countries |
7.2 India Battery Technology Market Imports from Major Countries |
8 India Battery Technology Market Key Performance Indicators |
8.1 Average cost per kilowatt-hour of battery storage |
8.2 Number of electric vehicles sold in India |
8.3 Capacity utilization rate of battery manufacturing plants |
8.4 Research and development expenditure in the battery technology sector |
8.5 Energy storage capacity installed in India |
9 India Battery Technology Market - Opportunity Assessment |
9.1 India Battery Technology Market Opportunity Assessment, By Lithium-ion Type, 2021 & 2031F |
9.2 India Battery Technology Market Opportunity Assessment, By Lead-Acid Type, 2021 & 2031F |
10 India Battery Technology Market - Competitive Landscape |
10.1 India Battery Technology Market Revenue Share, By Companies, 2024 |
10.2 India Battery Technology Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |