The report titled “India
Lithium Ion Cell and Battery Market Outlook to 2023 - by Type of Battery (LFP,
NMC, LCO, MCA and Others), By Application (Consumer Appliances, Telecom Towers
and Services, Industrial Application, Automotive and Others) and By Power
Capacity” provides a comprehensive
analysis of the Lithium Ion Cell and Battery market in India. The report
focuses on the Type of Battery, Area of Application and Power capacity of the
batteries. The report also covers Investment Model, SWOT Analysis, Trends and
Development, Issues and Challenges, Competition Scenario, Decision making
process and the Future outlook of the Lithium Ion Cell and Battery Market.
Market Overview
The
lithium ion battery market in India gained popularity in the year FY’ 2014 due
to sharp rise in demand from the telecom providers in the country, while
consumer appliances have been largely dependent on these batteries. The main
boom in the market came from increased use by the telecom sector for telecom grids
in the country. Reliance Jio telecommunications have been amongst the first few
to use lithium ion batteries in their telecom grids and being characterized as
green towers in the country.
Market Stage: The
import driven India Lithium Ion Cell and Battery Market is at its nascent
stage. The companies have just started making footprints in India, and are
showing great future potential. Currently, the market is categorized as an
assembling market where lithium ion cells are imported and lithium ion
batteries are assembled through software and hardware BMS.
Market Segmentation
By Type of Battery
The Lithium Iron Phosphate is the leading
segment. It is used in telecom, laptops, digital cameras and wearable products.
It offers long cycle life and has a good safe record but exhibits higher
self-discharge.
The Lithium Nickel Manganese Cobalt (Li-NMC)
contributes a fair share to the industry. It is used for
power tools, medical instruments, electric power trains, electric vehicles and
other industrial applications. It is capable of high charge and discharge
currents but has low specific energy and modest service life.
Lithium Cobalt Oxide (LCO)
batteries are mainly used in cell phones, laptops, digital
cameras and wearable products. Most companies producing portable electronics
prefer using LCO based cells. Lithium Cobalt Oxide batteries has high specific
energy with moderate load capabilities and modest service life.
Lithium Nickel Cobalt Aluminum Oxide
(NCA) batteries contribute the least. It is
used in medical devices, industrial applications, electric power trains and
others. Currently, the lithium ion batteries based on NCA are not so widely
used in India, but are gaining significant popularity and expected to gain a
considerable market share in the future.
By Area of Application
Laptops
and tablets, mobile phones, power banks, drone, small household use power tools
and UPS (consumer electronics) are
the major segments using li-ion batteries in India. The demand for lithium ion
batteries in India majorly comes from the push from telecom sector to power telecom towers and other services
in the country. The lithium-ion batteries have more than double the life of
traditional lead-acid batteries and are helping providers cut costs to store
each unit of electricity. Application Li-ion batteries are now being used
instead of conventional batteries in larger
industrial application including UPS and energy storage systems. The shift
to lithium ion batteries is due to the technological capabilities and also
because of their customizable property where in the number of cells in the
battery can be adjusted based on the energy requirement. Automotive sector is
the sector with the highest potential to grow and outweigh all other sectors in
terms of lithium ion battery usage, though currently has the lowest share. The
increased initiatives taken up by the government and growing public awareness
about pollution, electric vehicle segment is expected to pick up pace in the
future.
Competitive Landscape
Competition
in the Lithium Ion 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. Companies
compete on the basis of configuration of battery packs, their durability,
quality, recharge cycle and application. The big players in the industry target
the end users directly usually avoiding mediators such as such dealers, while
other small businesses and pack assembly units deal with distributors and dealers.
Future Outlook
India
Lithium Ion Cell and Battery Market are expected to grow in the future at a
CAGR of 36.3% driven by increased use of lithium ion battery in electric
vehicles, rise in public awareness to reduce carbon emissions, government plans
and actions to bring in sale of all electric vehicles by 2030. Development of
lithium ion batteries for both implantable and non implantable medical devices
will drive the future supply. Devices such as ventilators, infusion pumps,
dialysis systems and anesthesia machines will be the major users of lithium ion
battery backups.
Key
Segments Covered:-
Market Segmentation:-
Type of
Battery (LFP, NMC, LCO, NCA and Others)
Area of
Application (Consumer, Telecom Services, Industrial Application, Automotive and
Others)
Power
Capacity (0-3,000mAh, 3,000-10,000mAh, 10,000-60,000mAh, 60,000 mAh and above)
Key
Target Audience:-
Distributors
of Batteries
Telecom
Companies
Manufacturers
of Electric Vehicles
Importers
of Batteries
Governmental
Departments
Time Period Captured in the Report:-
Historical Period – FY’2014 -
FY’2018
Forecast Period – FY’2019 -
FY’2023
Companies Covered:-
Exicom
Power Solutions
Coslight
India Telecom Private Limited
Future Hi
Tech Batteries
Panasonic
India Private Limited
Delta
Power Solutions India Private Limited
ACME
Cleantech Solutions Limited
Key
Topics Covered in the Report:-
Executive
Summary
Research
Methodology
Ecosystem
in India Lithium Ion Cell and Battery Market – Supply Side
Ecosystem
in India Lithium Ion Cell and Battery Market – Demand Side
Global
Lithium Ion Cell and Battery Market
India
Battery Market Overview
India
Lithium Ion Cell and Battery Market
Value
Chain Analysis for Lithium Ion Battery Market in India
India
Lithium Ion Cell and Battery Market Size, FY’2014-FY’2018
India
Lithium Ion Cell and Battery Market Segmentation, FY’2014-FY’2018
Investment
Model in India Lithium Ion Cell and Battery Market
Trade
Scenario in India Lithium Ion Cell and Battery Market
SWOT
Analysis of India Lithium Ion Cell and Battery Market
Trends
and Developments in India Lithium Ion Cell and Battery Market
SWOT
Analysis of India Lithium Ion Cell and Battery Market
Issues
and Challenges in India Lithium Ion Cell and Battery Market
Regulatory
Framework for India Lithium Ion Cell and Battery Market
Decision
Making Parameters for Buyer of Lithium Ion Batteries in India
Competitive
Landscape for India Lithium Ion Cell and Battery Market
Company
Profiles of Major Companies
Lithium
Ion Battery Importer Profile
India
Lithium Ion Cell and Battery Market Future Outlook and Projections, FY’2019 –
FY’2023
Analyst
Recommendations
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Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
