India Battery Market Assessment, By Type [Non-Rechargeable, Rechargeable], By Energy [Primary, Secondary], By Propulsion [ICE Vehicles, Electric Vehicles, Hybrid Vehicles], By Vehicle Type [Two-wheeler, Three-wheeler, Four-wheeler], By End-User [Domestic, Industrial], By Region, Opportunities, and Forecast, FY2017-FY2031F

India Battery Market is anticipated to reach USD 17.30 billion in FY2031 at CAGR of 13.66% during the forecast period FY2024-FY2031 and was valued at USD 7.06 billion in FY2023 on rising demand for effective energy storage options.

Home>Industry Reports>India Battery Market Assessment, Opportunities, and Forecast, FY2017-FY2031F

India Battery Market is anticipated to reach USD 17.30 billion in FY2031 at CAGR of 13.66% during the forecast period FY2024-FY2031 and was valued at USD 7.06 billion in FY2023 on rising demand for effective energy storage options. Over the forecast period, it is anticipated that use of the lithium-ion battery as a product type would increase due to consumer electronics' rising appeal all over India. The market is expanding due to the high demand for wearable electronics like fitness bands as well as LCDs, smartphones, tablets, and other portable electronics. Due to increased efficiency, cost-effectiveness, and product innovation brought about by technological advancements, the market is anticipated to experience significant growth. Future opportunities for India's lithium-ion battery market are likely to arise from the country's growing lithium-ion battery recycling activities, which are anticipated to secure the supply of raw materials like lithium and cobalt and reduce the reliance on extracting and refining materials from mineral resources.

The increased integration of electronics is the main market driver for batteries. The expansion of the market is also facilitated by rising transportation demand. Demand for the market is increased by fuel savings and government incentives for cleaner mobility. New hybrid and electric car models from OEMs are another aspect that could speed up the market's expansion.

Popularity of Consumer Electronics

One of the most popular types of high-capacity secondary batteries used in electronic devices like laptops, mobile phones, computers, cameras, and others are lithium-ion batteries. Due to its low-cost, high-power density, and slow self-discharge rate, this battery technology is very well-liked. It is projected that the adoption of various batteries for a variety of consumer electronic devices will raise demand along with the rising demand for consumer electronics across the country. For instance, in the past three years, sales of TVs and computers have grown more quickly than those of smartphones across all consumer electronics categories.

Increasing Technological Developments

The use of various battery-operated equipment has increased across the country as a result of ongoing advancements in battery technology. Numerous features on Hybrid Electric Vehicles (HEV) require sufficient power to operate like GPS navigation system, power windows, a display showing the battery charge level, and air conditioning systems are some of these features.

Impact of COVID-19

The COVID-19 pandemic outbreak in Q1 in 2020 had a big impact on the India battery market expansion. The government's lockdown efforts to restrict the spread of COVID-19 had a negative impact on the country's main shipping lanes for the factories that make lithium-ion and lead-acid batteries. In addition, the disruption of transportation services and travel restrictions brought on by the pandemic's lockdown have had a negative impact on market expansion. For instance, production facilities for vehicle batteries were closed and the supply chain was disrupted, which slowed the market's expansion.

Post COVID-19 the manufacturing of batteries is becoming more automated on the production side because of various technological advancement in manufacturing sector such as artificial intelligence implementation. With the help of these technologies, the factories are able to operate with fewer internal staff members and develop more resistance to wide spread of the virus. Also, consumption of electronics goods, smart wearables, various gadgets increased as compared to COVID era that resulted in the growth of the market.

Impact of Russia-Ukraine War

The Russia-Ukraine war had a significant impact on the battery industry. Russia and Ukraine produce semiconductor & battery materials by a large scale which is directly related to EV & consumer electronics market. The invasion between these two countries directly affects the production facility and supply chain disruption that will impact Russia’s export of automotive batteries to India and impacted the trade business of India Battery Market.

India Battery Market: Report Scope

India Battery Market Overview, FY2017-FY2031F,” a comprehensive report by Markets and Data, provides an analytical and statistical guide of the size, share, growth trends, COVID-19 impact, opportunities, and forecasts FY2024-FY2031 for India Battery Market. Additionally, the research scope profiles the top players in the industry, mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year for Analysis

FY2023

Historical Period

FY2017-FY2022

Forecast Period

FY2024-FY2031

Market Size in FY2023

USD 7.06 Billion

Projected Growth Rate

CAGR of 13.66% between FY2024 and FY2031

Revenue Forecast in FY2031

USD 17.30 Billion

Units

Revenue in USD and Volume in Units

Segments Covered

By Type

By Energy

By Application/End-User

By Distribution Channel

Regions Covered

East

West

Central

North

South

Key Companies Profiled

Amara Raja Batteries Ltd (Amaron), Duracell Inc., Toshiba India Private Limited, HBL Power Systems Limited, Panasonic Energy India Company Ltd, Luminous Power Technologies Pvt. Ltd., Su-Kam Power Systems Ltd., Okaya Power Pvt. Ltd., Indo National Limited (Nippo), Exide Industries Ltd.

Customization Scope

15% free report customization with purchase.

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs

Delivery Format

PDF and Excel through email (subject to the license purchased)


In this report, 
India Battery Market has been segmented into following categories:

1.       India Battery Market, By Type

1.1.    Non-Rechargeable Battery

1.1.1.Coin Cells Batteries

1.1.2.Alkaline Batteries

1.2.    Rechargeable Battery

1.2.1.Lead Acid

1.2.2.Lithium-ion

1.2.3.Nickel Metal Hydride (NiMH)

1.2.4.Nickel Cadmium (Ni-Cd)

1.2.5.Others

2.       India Battery Market, By Energy

2.1.    Primary Batteries

2.1.1.Upto 100 Wh/kg

2.1.2.100-200 Wh/kg

2.1.3.More than 200 Wh/kg

2.2.    Secondary Batteries

2.2.1.Upto 50 Wh/kg

2.2.2.50-100 Wh/kg

2.2.3.More than 100 Wh/kg

3.       India Battery Market, By Application

3.1.    Domestic

3.2.    Industrial

3.2.1.Government

3.2.2.Facility Management

3.2.3.Information Communication and Technology

3.2.4.Electronical Equipments

3.2.5.Toys and Entertainment

3.2.6.Automotive

3.2.7.Others

3.3.    Agriculture

3.4.    Services

4.       India Battery Market, By Distribution Channel

4.1.    Online

4.2.    Offline

4.2.1.Original Equipment Manufacturers

4.2.2.Channel Partners

4.2.3.Departmental Stores

4.2.4.Supermarkets/Hypermarkets

4.2.5.Others

5.       India Battery Market, By Region

5.1.    East

5.2.    West & Central

5.3.    North

5.4.   South

Key Player Landscape and Outlook

Strategic long-term alliances and contracts are expected to play a vital role in maximising the revenue share of commercial companies. Additionally, because of the rising demand, players are emerging from established markets, Amara Raja Batteries Ltd (Amaron), Duracell Inc., Toshiba India Private Limited, HBL Power Systems Limited, Panasonic Energy India Company Ltd, Luminous Power Technologies Pvt. Ltd., Su-Kam Power Systems Ltd., Okaya Power Pvt. Ltd., Indo National Limited (Nippo), Exide Industries Ltd. are some of the key players dominating the market.

Amara Raja inaugurated the nation's technology centre in February 2021 to create lithium-ion batteries at its Tirupati site in Andhra Pradesh.

Key Players Operating in India Battery Market

·         Amara Raja Batteries Ltd (Amaron)

·         Duracell Inc.

·         Toshiba India Private Limited

·         HBL Power Systems Limited

·         Panasonic Energy India Company Ltd

·         Luminous Power Technologies Pvt. Ltd.

·         Su-Kam Power Systems Ltd.

·         Okaya Power Pvt. Ltd.

·         Indo National Limited (Nippo)

·         Exide Industries Ltd.

If you can't find what you're searching for or have any custom requirements for India Battery Market, you may approach our team at info@marketsandata.com

Frequently Asked Questions

Who are the key players in India Battery Market?

arrowup
Heart

Middle East Gensets Market Assessment, Opportunities and Forecast, 2017-2031

Middle East gensets market is expected to experience growth due to the increasing demand for uninterrupted power supply and a rise in investment in industrialization and commercialization.....Read More

Published on

December 2024

4,500

Heart

Global Solar Photovoltaic Glass Market Assessment, Opportunities and Forecast, 2018-2032F

The global solar photovoltaic glass market is expected to experience growth due to increasing demand for renewable energy and rising investment in the production of photovoltaic (PV) panels.....Read More

Published on

December 2024

4,500

Heart

India Wind Turbine Rotor Blade Market Assessment, Opportunities and Forecast, 2018-2032F

India wind turbine rotor blade market is expected to experience growth due to a rise in investment in wind power generation projects and government initiatives to boost the production of components in the country driving the market size.....Read More

Published on

December 2024

3,300

Heart

Global Wind Turbine Rotor Blade Market Assessment, Opportunities and Forecast, 2018-2032F

Global wind turbine rotor blade market is likely to experience substantial growth due to a continuous increase in the number of wind turbine projects and the advent of highly advanced offshore wind turbine blades.....Read More

Published on

December 2024

4,500

Purchase Options

USD ($)

arrowdown

i

1,840

2,000

8%

i

2,970

3,300

10%

i

3,960

4,500

12%

i

5,950

7,000

15%

Tired of Searching?

Looking for Customization?

Some other doubt?

Need insights from a cohort?

REACH US

    icon_Five
    1st Floor, JDKD Corporate, A-23, Mathura Rd, Near Sarita Vihar Metro Station, Mohan Cooperative Industrial Estate, Saidabad, New Delhi -110044
    call_Two
    +91 11 42343567
icon_Seven
5741 Cleveland street, Suite 120, VA beach, VA, USA 23462
call_Three
+1 (757) 343-3258
icon_Eight
190 Middle Road, # 14-10 Fortune Centre, Singapore -188979