India Portable Battery Market Assessment, By Battery Type [Lead Acid, Nickel-Metal Hydride, Lithium-Ion, Nickel Cadmium, Others], By Application [Electronic Devices, Automotive, Defense, Medical Devices, Others], By Region, Opportunities and Forecast, FY2018-FY2032F

India portable battery market is projected to witness a CAGR of 10.34% during the forecast period FY2025- FY2032F, growing from USD 830.41 million in FY2024 to USD 1824.54 million in FY2032. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.

India portable battery market has been growing at a robust rate due to factors such as rapid technological advancements in battery technology and a shift towards portable electronic solutions. The demand for portable batteries in India is soaring due to increased investment in battery manufacturing. This growth is expected to surge significantly compared to other nations due to the rising adoption of smart gadgets and wearables in the country.

Consumer electronic devices rely on efficient portable batteries, as these batteries provide a reliable power source, driving their demand in the market. Furthermore, ongoing advancements in battery technology enhance performance characteristics such as safety, charging speed, and longevity, creating market opportunities for portable batteries. In addition, innovations in portable battery technologies are making batteries more efficient and appealing for applications in consumer electronics, healthcare, and defense.

For instance, in December 2024, the Government of India decided to launch a new scheme that focuses on manufacturing components for electronic gadgets like mobile phones, laptops, and tablets. The central government plans to provide an incentive of around USD 4.7 billion, which is expected to attract USD 9.6 billion from private investments. The initiative aims to replicate the success of India’s mobile phone production sector and reduce dependence on imports, which drive the demand for portable batteries in the market.

Increasing Demand for Consumer Electronics Driving Market Growth

Portable electronic devices such as smartphones, tablets, laptops, and wearables are increasing at a high rate which is creating a huge demand for portable batteries in the Indian market. Further, the changing lifestyles of consumers are adopting new electronic technologies which drive the demand for high-quality portable batteries in the electronic industry.

In addition, remote work and digital transformation have increased reliance on portable devices for productivity outside the office environments. The high-quality portable battery ensures uninterrupted device usage during travel or in locations without easy access to power outlets. The increasing reliance of consumers on electronic devices for communication, entertainment, and professional tasks fosters the demand for portable batteries in the market.

The rising popularity of wearable devices, such as fitness trackers and smartwatches, is another driver of demand for portable batteries. Due to their compact size and functionality, these small smart devices require frequent charging. As the adoption of innovative smart electronic devices increases, so does the need for efficient portable batteries.

For instance, in November 2024, as per the Confederation of Indian Industry report, India’s demand for electronic components is forecasted to increase from USD 45.4 billion to around USD 240 billion by 2030 as the government and private sector take the initiative to invest in the sector. In the coming years, the sector is expected to attract investments that facilitate the production of components such as chips, batteries, and other components. This development showcases the rise in investment in the consumer electronics sector to fulfill the rising demand in the country.

Rising Need for Surveillance Systems in Defense Elevate Market Size

The rapid investment in drones, wireless security cameras, and small robotic systems within the defense sector significantly drives the demand for portable batteries. Enhanced portable batteries improve the performance of surveillance systems, which include (drones, wireless security cameras, and small robotic systems) by offering higher energy density and longer life cycles. The advanced portable battery allows devices to operate longer for missions without frequent recharges which further drives the need for efficient portable battery solutions.

Portable batteries enable wireless security systems to be deployed in remote or temporary locations where power sources are unavailable, which drives the adoption of portable battery solutions in military operations. In addition, India is looking to increase defense budgets for modernized armed forces, which includes investing in advanced technologies such as drones and robotic systems, which drive the demand for efficient portable battery solutions to power new equipment.

Furthermore, portable battery technologies offer higher energy densities compared to traditional battery types, which makes them ideal for use in drones, cameras, and robotic systems. Hence, the growth trends continue to evolve within the defense sector, which fosters the demand for advanced portable battery solutions in the market.

In August 2024, Amara Raja expanded its capabilities by inaugurating a new battery pack assembly plant and laying the foundation for a customer qualification plant. Amara Raja Energy & Mobility is building its Gigacorridor with an investment of around USD 10.85 billion in Divitipalli, Mahbubnagar district, with a planned production capacity of 5GWh for battery packs and 16GWh for cells. The expansion signifies Amara Raja's commitment to advancing energy storage solutions.

Government Policies and Support Create Market Opportunities

The Indian government is looking to establish new policies aimed at promoting local battery manufacturing. In policies and schemes, the government is offering incentives for setting up manufacturing plants and encouraging companies to produce portable batteries domestically, which could lead to lower costs and increased product availability locally.

In addition, the government is supporting research activities that are focused on improving battery technology and bringing innovation to portable battery designs. R&D investments could lead to advancements in safety features, battery chemistry, and energy density, which will open the portable battery market opportunities in the coming years.

The government initiates educational and training activities for the manufacturers to increase the production of rechargeable portable batteries in the market. Furthermore, public-private partnerships could lead to accelerated advancements in battery technologies by pooling resources and expertise. The collaborations between the companies could lead to breakthroughs that enhance the performance and sustainability of portable batteries.

Lithium-ion batteries to Dominate the Indian Market

Lithium-ion batteries experienced a high adoption rate during the forecast period which made the segment dominate the Indian market. Lithium-ion batteries are smaller and lighter in design as compared to other battery technologies in the market. Lithium-ion batteries are built with high-energy density materials and technology which enables batteries to store more energy efficiently. The adoption of lithium-ion batteries is on the rise in electronic devices such as laptops, smartphones, and tablets, as devices require compact design batteries with high efficiency. In addition, lithium-ion batteries could provide longer run energy and faster charging capabilities features making lithium-ion batteries the preferred choice for manufacturers in the consumer electronics market. Furthermore, the demand for batteries in the automotive sector is on the rise due to cost-effectiveness which boosts the market size of portable batteries.

For instance, the government of India allocated the Union Budget of USD 631 million towards its Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme to promote the adoption of electric vehicles and a step towards energy security and environmentally friendly transportation which helps the country’s economic growth in future.

Also, lithium-ion batteries are considered more eco-friendly than traditional battery technologies as the material used in the manufacturing of batteries can be recycled and reused effectively which drives its demand in the market.

West and Central Region Dominate the India Market

West and central regions have dominated the portable battery market, and this is expected to continue during the forecast period. The demand for portable batteries is on the rise due to numerous factors, such as the high adoption of electronic devices and government initiatives to promote the production of batteries in the region. As the economy of India continues to grow, it will increase the disposable income of people, hence leading to an economic uplift in spending on electronic gadgets. The rise in the demand for electronic devices is driving demand for portable batteries in the region. In addition, the west and central region are experiencing significant urbanization that drives the demand for portable batteries in the market.

For instance, in February 2025, according to Union Budget 2025-2026, the finance minister of India announced the scrapping of the customs duty on the import of lithium-ion battery scrap, which will help the country strengthen the domestic battery storage ecosystem. Hence, this will help to increase the manufacturing of lithium-ion batteries for electric vehicles and mobile phones and will drive the portable battery market in India. The west region is the leading importer of lithium-ion batteries due to the availability of several automotive plants in the region, the demand is expected to grow in coming years.

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Future Market Scenario (FY2025 – FY2032F)

• The adoption of smart devices is a significant factor that drives the demand for portable batteries in the market.
• Government policies aimed at promoting local production of portable batteries, which drive the investment in the coming years.
• The healthcare sector adopting portable medical devices which will contribute to the growth of the portable battery market size in the coming year.
• The ongoing development related to lithium-ion batteries will create a market opportunity for portable batteries in the forecast period.

Report Scope

“India Portable Battery Market Assessment, Opportunities, and Forecast, FY2018-FY2032F”, is a comprehensive report by Markets and Data, that provides an in-depth analysis and qualitative and quantitative assessment of the current state of India portable battery market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032F. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Report Attribute	Details
Base Year of the Analysis	FY2024
Historical Period	FY2018-FY2023
Forecast Period	FY2025-FY2032
Projected Growth Rate	CAGR of 10.34% between FY2025 and FY2032
Revenue Forecast in FY2032	USD 1824.54 million
Segments Covered	Battery Type, Application
Regions Covered	North, South, East, West and Central
Key Companies Profile	Eveready Industries India Limited., Ambrane India Private Limited, Exide Industries Limited, Samsung India Electronics Private Limited, Amara Raja Energy & Mobility Limited, Yuki Electric India Private Limited, Litpax Technology Private Limited, Ipower Battery Private Limited, Future Hi-Tech Batteries Limited., Bentork Industries LLP.
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfill your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased)

In the report, India portable battery market has been segmented into the following categories: 

• By Type
  • Lead Acid
  • Nickel-Metal Hydride
  • Lithium-Ion
  • Nickel Cadmium
  • Others
• By Application
  • Electronic Devices
    • Smartphones
    • Tablets
    • Others
  • Automotive
  • Defense
  • Medical Devices
  • Others
• By Region
  • North
  • South
  • East
  • West and Central

Key Players Landscape and Outlook

Continuous innovation characterizes the landscape of portable battery, as the companies compete in terms of energy efficiency, product life, and unique features. The market outlook remains positive, owing to increased demand for consumer electronic devices and the adoption of EVs. Portable batteries players are concerned with supply chain resilience, energy efficiency, and environmental practices, which will define the industry's future. Product launches, business expansions, collaborations, agreements, and developing technologies are projected to increase competition in the fast-paced market.

For instance, in May 2024, Ambrane India Pvt Ltd. decided to invest around USD 11.42 million to increase the production of electrical components in India. The company has achieved 70 % localization and is targeting 100% in the coming years. This development will increase the production of portable batteries in the coming year.

Key Players Operating in India Portable Battery Market are:

• Eveready Industries India Limited
• Ambrane India Private Limited
• Exide Industries Limited
• Samsung India Electronics Private Limited
• Amara Raja Energy & Mobility Limited
• Yuki Electric India Private Limited
• Litpax Technology Private Limited
• Ipower Battery Private Limited
• Future Hi-Tech Batteries Limited
• Bentork Industries LLP

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