The India lithium-ion battery market size was valued at USD 3.20 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 9.56 Billion by 2033, exhibiting a CAGR of 12.27% from 2025-2033.
India Lithium-Ion Battery Market Trends:
India's lithium-ion battery market is poised for tremendous growth mainly due to the advances in electric vehicle demand, a growing need for renewable energy storage systems, and commercial electronics. The government's various initiatives--including the PLI scheme and FAME subsidies--are further upholding the market expansion with a commitment to make such manufacturing domestic. Besides, advanced development in battery technology--focusing on enhancing energy density and increasing charging efficiency--by institutes of higher learning is greatly driving lithium-ion batteries for further applications in higher contexts. Also, the very urgent need for cuts in carbon emissions is, therefore, due priority for the replacement of unsustainable solutions with renewable energy alternatives, coupled with the rapid increase in the adoption of lithium-ion battery systems in several industries.
Big investments in building battery manufacturing infrastructures are as a result of the always-growing demand for grid-scale energy storage, for solar and wind integration purposes. The entry of global companies, and partnerships between Indian companies and international firms are seeding technological development and production capabilities. Overall, the aforementioned has garnered the renewed focus on the recycling and second-life applications for used batteries, addressing sustainability concerns and decreasing the import burdens on raw materials. Therefore, the India lithium-ion battery market is headed for unprecedented growth, driven by innovation, policy support, and the surging consumer demand from various industry sectors.
India Lithium-Ion Battery Market Scope and Growth Analysis:
Riding on the increasing demand for electric vehicles, renewable energy storage solutions, and portable electronics, there is an influx of opportunities for the lithium-ion market in India. Primarily, such government initiatives are the Production-Linked Incentive (PLI) scheme and the FAME policy that support local manufacturers and reduce import dependency. Besides, grid-scale energy storage projects and advancements in battery technology optimize efficiencies, decrease costs, and increase energy and load management for all types of industry applications, further enhancing the market. In addition, the rise of consumer electronics, which increasingly demands that commercial and industrial sectors be supplied with efficient power, acts as another major booster for the market.
Besides, investments by global and domestic players in gigafactories and raw material processing units are likely to strengthen the supply chain, while favoring market sustainability. The technology advances in battery recycling will keep addressing the environmental concerns while boosting the circular economy, therefore ensuring a long live span for the lithium-ion. Every other good that provides competent support for the clean energy transition enforced by government policies influenced the deployment of lithium-ion batteries for solar and wind energy storage. Thus, it can be inferred that the Indian lithium-ion battery market is on a path of acceleration towards tremendous growth, enhanced and accelerated by technological advancement and inbuilt policies support.
India Lithium-Ion Battery Market Report Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India Lithium-Ion Battery Market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Analysis by Product Type:
Lithium Cobalt Oxide
Lithium Iron Phosphate
Lithium Nickel Manganese Cobalt
Lithium Manganese Oxide
Others (Li-ion Nickel Cobalt Aluminium Oxide and Li-ion Titanate Oxide)
Analysis by Power Capacity:
0 to 3000mAh
3000mAh to 10000mAh
10000mAh to 60000mAh
More than 60000mAh
Analysis by Application:
Consumer Electronics
Electric Vehicles
Energy Storage
Others
Regional Analysis:
North India
West and Central India
South India
East India
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
Recent Industry News
Key Technological Trends & Development
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Market Dynamics
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Top Winning Strategies
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
The global chemical logistics market size reached US$ 235.1 Billion in 2023 & projected to reach US$ 301.1 Billion, CAGR of 2.7% during forecast 2024-2032.
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