India Secondary Battery Market (2025-2031) Outlook | Revenue, Share, Value, Size, Companies, Industry, Growth, Forecast, Analysis & Trends

Name: India Secondary Battery Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Secondary Battery Market, India Secondary Battery Market, India Secondary Battery Market Revenues, India Secondary Battery Market Share, India Secondary Battery Market Size, India Secondary Battery Market Outlook, India Secondary Battery Market Report, India Secondary Battery Market Competition, India Secondary Battery Market Overview, India Secondary Battery Market Trends, India Secondary Battery Market Forecast

Market Forecast By Technology (Lead-acid Battery, Lithium-ion Battery, Other Technologies (NiMh, NiCD, etc.)), By Application (Automotive Batteries (HEV, PHEV, and EV), Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.), Portable Batteries (Consumer Electronics, etc.), Other Applications) And Competitive Landscape

Product Code: ETC270444	Publication Date: Aug 2023	Updated Date: Aug 2025	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

India Secondary Battery Market Import Shipment Trend (2020-2024)

The India secondary battery market import shipments experienced robust growth from 2020 to 2024, with a notable CAGR of 16.8%. The market sustained its momentum with a growth rate of 15.9% between 2023 and 2024, indicating continued expansion and a positive upward trend in the industry.

Graph Showing India secondary battery market Shipment Trend & Volume from 2020-2024

India Secondary Battery Market Overview

The secondary battery market in India is integral to the country`s growing automotive and renewable energy sectors. Secondary batteries, commonly known as rechargeable batteries, are essential for electric vehicles, energy storage systems, and portable electronics. With the push towards clean energy solutions, the demand for secondary batteries is increasing rapidly. Manufacturers are investing in research and development to enhance battery performance and energy density, aligning with the country`s sustainable energy goals.

Drivers of the Market

The India secondary battery market is propelled by the growth of electric vehicles (EVs) and renewable energy storage solutions. As the country aims to reduce its carbon footprint, the demand for lithium-ion batteries for EVs and energy storage systems continues to rise. This market is also driven by the need for backup power solutions in areas with unreliable grid electricity.

Challenges of the Market

The India secondary battery market confronts challenges such as the need for battery recycling infrastructure, competition from global manufacturers, and price fluctuations of raw materials like lithium. Establishing a robust battery recycling infrastructure is essential to address environmental concerns, but it requires significant investment and coordination. Global competition from manufacturers with established reputations can make it challenging for domestic companies to gain market share. The price fluctuations of raw materials like lithium and cobalt can impact the cost of manufacturing batteries and pricing in the market.

COVID-19 Impact on the Market

The secondary battery market, including lithium-ion batteries, continued to grow, driven by the electric vehicle and renewable energy sectors. The pandemic accelerated the shift to electric mobility.

Key Players in the Market

In the India Secondary Battery market, key players are significant contributors to the country`s energy storage and electric vehicle sectors. Companies like Exide Industries Limited, Amara Raja Batteries Limited, Tata Chemicals Limited, and Luminous Power Technologies are at the forefront of manufacturing secondary batteries, including lead-acid and lithium-ion batteries. Their high-quality and innovative energy storage solutions play a crucial role in supporting the growth of renewable energy integration and the electric mobility ecosystem in India.

Key Highlights of the Report:

India Secondary Battery Market Outlook
Market Size of India Secondary Battery Market, 2024
Forecast of India Secondary Battery Market, 2031
Historical Data and Forecast of India Secondary Battery Revenues & Volume for the Period 2021-2031
India Secondary Battery Market Trend Evolution
India Secondary Battery Market Drivers and Challenges
India Secondary Battery Price Trends
India Secondary Battery Porter's Five Forces
India Secondary Battery Industry Life Cycle
Historical Data and Forecast of India Secondary Battery Market Revenues & Volume By Technology for the Period 2021-2031
Historical Data and Forecast of India Secondary Battery Market Revenues & Volume By Lead-acid Battery for the Period 2021-2031
Historical Data and Forecast of India Secondary Battery Market Revenues & Volume By Lithium-ion Battery for the Period 2021-2031
Historical Data and Forecast of India Secondary Battery Market Revenues & Volume By Other Technologies (NiMh, NiCD, etc.) for the Period 2021-2031
Historical Data and Forecast of India Secondary Battery Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of India Secondary Battery Market Revenues & Volume By Automotive Batteries (HEV, PHEV, and EV) for the Period 2021-2031
Historical Data and Forecast of India Secondary Battery Market Revenues & Volume By Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.) for the Period 2021-2031
Historical Data and Forecast of India Secondary Battery Market Revenues & Volume By Portable Batteries (Consumer Electronics, etc.) for the Period 2021-2031
Historical Data and Forecast of India Secondary Battery Market Revenues & Volume By Other Applications for the Period 2021-2031
India Secondary Battery Import Export Trade Statistics
Market Opportunity Assessment By Technology
Market Opportunity Assessment By Application
India Secondary Battery Top Companies Market Share
India Secondary Battery Competitive Benchmarking By Technical and Operational Parameters
India Secondary Battery Company Profiles
India Secondary Battery Key Strategic Recommendations

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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 Secondary Battery Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Secondary Battery Market Revenues & Volume, 2021 & 2031F

3.3 India Secondary Battery Market - Industry Life Cycle

3.4 India Secondary Battery Market - Porter's Five Forces

3.5 India Secondary Battery Market Revenues & Volume Share, By Technology, 2021 & 2031F

3.6 India Secondary Battery Market Revenues & Volume Share, By Application, 2021 & 2031F

4 India Secondary Battery Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing adoption of electric vehicles in India, driving demand for secondary batteries.

4.2.2 Growing investments in renewable energy projects leading to higher demand for secondary batteries for energy storage.

4.2.3 Government initiatives and policies promoting the use of secondary batteries in various applications.

4.3 Market Restraints

4.3.1 High initial costs associated with secondary batteries may hinder market growth.

4.3.2 Lack of proper recycling infrastructure for secondary batteries leading to environmental concerns.

4.3.3 Intense competition among market players leading to pricing pressures.

5 India Secondary Battery Market Trends

6 India Secondary Battery Market, By Types

6.1 India Secondary Battery Market, By Technology

6.1.1 Overview and Analysis

6.1.2 India Secondary Battery Market Revenues & Volume, By Technology, 2021-2031F

6.1.3 India Secondary Battery Market Revenues & Volume, By Lead-acid Battery, 2021-2031F

6.1.4 India Secondary Battery Market Revenues & Volume, By Lithium-ion Battery, 2021-2031F

6.1.5 India Secondary Battery Market Revenues & Volume, By Other Technologies (NiMh, NiCD, etc.), 2021-2031F

6.2 India Secondary Battery Market, By Application

6.2.1 Overview and Analysis

6.2.2 India Secondary Battery Market Revenues & Volume, By Automotive Batteries (HEV, PHEV, and EV), 2021-2031F

6.2.3 India Secondary Battery Market Revenues & Volume, By Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.), 2021-2031F

6.2.4 India Secondary Battery Market Revenues & Volume, By Portable Batteries (Consumer Electronics, etc.), 2021-2031F

6.2.5 India Secondary Battery Market Revenues & Volume, By Other Applications, 2021-2031F

7 India Secondary Battery Market Import-Export Trade Statistics

7.1 India Secondary Battery Market Export to Major Countries

7.2 India Secondary Battery Market Imports from Major Countries

8 India Secondary Battery Market Key Performance Indicators

8.1 Average selling price (ASP) of secondary batteries in the market.

8.2 Adoption rate of secondary batteries in key industries such as automotive and renewable energy.

8.3 Efficiency and performance improvements in secondary battery technologies.

8.4 Investment in research and development for next-generation secondary battery technologies.

8.5 Environmental impact metrics such as recycling rates and carbon footprint reduction initiatives.

9 India Secondary Battery Market - Opportunity Assessment