India Lithium Ion Cell and Battery Market is Expected to Reach Around 5 GWh in Terms of Sales Volume by 2023: Ken Research

India Lithium Ion Cell and Battery Market is Expected to Reach Around 5 GWh in Terms of Sales Volume by 2023: Ken Research

PR Newswire

GURUGRAM, India, December 19, 2018

GURUGRAM, India, December 19, 2018 /PRNewswire/ --

India Lithium Ion Cell and Battery market segmentation by Types of Battery (LFP, NMC, LCO, MCA and Others), By Area of Application (Consumer Appliances, Telecom Towers and Services, Industrial Application, Automotive and Others) and By Power Capacity (0-3000 mAh, 3000-10,000 mAh, 10,000-60,000 mAh and 60,000 mAh and above) Company Profiles of Major Players in India Lithium Ion Cell and Battery Market (Exicom Power Solutions, Coslight India Telecom Pvt Ltd, Future Hi Tech Batteries, Panasonic India Private Limited, Delta Power Solutions India Private and ACME Clean Tech Solutions Limited). 

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Competition is Intense and Increasing: Competition in the market is intense with increasing imports from China, and assembling of cells into packs in India. While some firms are only trading in battery packs and cells imported from abroad, others have been creating battery modules from cells they import to be sold in the domestic market. The market is still at a nascent stage and there is a huge scope for growth.

Emerging Joint Ventures: In future, it is anticipated that India will start manufacturing lithium ion batteries; this will reduce its dependence on China and other countries. To support various government initiatives and to facilitate a better infrastructure for production of various goods using li-ion cells, there have been major talks and discussions between various big groups to produce lithium ion batteries in India.

Increased Initiatives by the Government: The Indian government has come up with major policies and initiatives to transform the vehicle market in India. The zero emission policy aims to have all new vehicle sales by 2030 as zero emission vehicles. The government has come up with Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME and FAME II) program. The tax rate on lithium ion batteries in India has been reduced from 28.0% to 18.0%. The cut was announced by the Goods and Service Tax Council to boost the battery industry in India.

Analysts at Ken Research in their latest publication "India Lithium Ion Cell and Battery Market Outlook to 2023 - by Battery Type (LFP, NMC, LCO, MCA and Others), By Application (Consumer Appliances, Telecom Towers and Services, Industrial Application, Automotive and Others) and By Power Capacity" believe that the Battery Market in India has been growing and is expected to augment further given the aim of the government to have all new vehicles sales by 2030 to be Zero Emission Vehicles. The market is expected to register a positive CAGR of 36.3% in terms of volume during the forecast period FY' 2019- FY' 2023. The market is further expected to be driven by the rising competition from new companies entering the market.

Keywords 

Key Segments Covered 

Key Target Audience 

Time Period Captured in the Report: 

Companies Covered: 

Key Topics Covered in the Report 

- Executive Summary

- Research Methodology

- Ecosystem- Supply Side

- Ecosystem- Demand Side

- Global Lithium Ion Cell and Battery Market

- India Battery Market Overview

- India Lithium Ion Cell and Battery Market

- Value Chain Analysis

- India Lithium Ion Cell and Battery Market Size, FY'2014-FY'2018

- India Lithium Ion Cell and Battery Market Segmentation

- Investment Model

- Trade Scenario

- SWOT Analysis

- Issues and Challenges

- Regulatory Framework

- Decision Making Parameters for Buyer of Lithium Ion Batteries in India

- Competitive Landscape

- Company Profiles of Major Companies in India Lithium Ion Cell and Battery Market

- Lithium Ion Battery Importer Profile

- Future Outlook and Projections, FY'2019 - FY'2023

- Analyst Recommendations


For more information on the research report, refer to below link: 

https://www.kenresearch.com/energy-and-utilities/power/india-lithium-ion-cell-battery-market/174404-103.html 

Related Reports 

China Lithium Ion Battery Market Outlook to 2022 - By Application (Consumer Electronics, Power Storage and Energy Storage), By Type (Ternary, Lithium-Ion Phosphate, Lithium Manganese Oxide and Others), By Shape (Square Shaped, Cylindrical and Soft Pack Battery)

The report provides a comprehensive analysis of the Lithium Ion Battery market in China. The report focuses on overall market size for lithium-ion battery market in China, market segmentation by application (Consumer Electronics, Power Storage and Energy Storage), by type of battery (Ternary, Lithium-Ion Phosphate, Lithium Manganese Oxide and Others), by shape of battery (Square Shaped, Cylindrical and Soft Pack Battery). The report also covers the overall trade scenario, SWOT, decision making process, competitive landscape and growth drivers and trends and government role and regulations. The report concludes with market projection for future market described above and analyst recommendations highlighting the major opportunities and cautions for the China Lithium-ion Battery market.

South Korea Lithium Ion Cell and Battery Market Outlook to 2022 - by Type of Batteries (Li-NMC, LFP, LCO and Others), Power Capacity (0-3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh and More than 60,000 mAh) and Application Areas (Consumer Electronics, ESS/UPS, Automotive Sector, Industrial Sector and Others)

The report provides a comprehensive analysis on South Korea Lithium Ion Cell and Battery Market. The report covers various aspects including overview and genesis of lithium ion batteries in South Korea, South Korea lithium ion battery market size, South Korea lithium ion battery market segmentation (by Type of Batteries, Power Capacity and Application Areas) and competitive landscape of major players in the South Korean lithium ion call and battery market. The major players covered in South Korea lithium ion cell and battery market are Samsung SDI Company Limited, LG Chem Limited, SK Innovation Company Limited, Kokam Company Limited, Enertech International, Inc. and Routejade. The report also covers trends and developments, issues and challenges, regulatory framework, manufacturing process, SWOT analysis, a snapshot on Global Lithium Ion Cell and Battery Landscape, future outlook and analyst recommendations.

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