India Lithium-Ion Battery Component Market 2023 Size Share, Growth and Forecast 2030

Published February 1, 2023

Quadintel offers a thorough analysis of the global India Lithium-Ion Battery Component market, including assessments of business solutions, studies and advancements, applications, advantages, benefits, and breadth.

This market research study provides a thorough analysis and improvement of the important business producers, opportunities, difficulties, and worldwide suppliers as well as a close investigation of risks and access restrictions. Additionally, it provides a competitive analysis of the most recent technological advancements, innovations, future market potential, industry share, sales, sales generation, funding analysis, and overall business environment.

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Additionally, included in this study are the market’s significant accomplishments, studies and upgrades, new product introductions, a local boom, fierce competition against the norm, and local scale. The business report analysis and insights contain the boom in producer guidance sales, percentage, supply, opportunity, problems, and improvement restraints.

Along with R&D, new product launches, mergers and acquisitions, agreements, collaborations, partnerships, joint ventures, and the local improvement of basic competition operating within the market on a global and local scale, the studies also include major strategic trends.

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Key Segments and leading prominent companies profiled Included in the Report are

Segments Overview:

The India lithium-ion battery component market is segmented into type, power capacity, application, and form/design.

By Type,
Lithium Nickel Magnesium Cobalt (LI-NMC)
Lithium Ferro Phosphate (LFP)
Lithium Cobalt Oxide (LCO)
Lithium Titanate Oxide (LTO)
Lithium Manganese Oxide (LMO)
Lithium Nickel Cobalt Aluminum Oxide (NCA)

The lithium cobalt oxide (LCO) segment is anticipated to hold the largest market share of 36% owing to its growing adoption in video cameras, laptops, mobile phones, and other such modern electronic gadgets. The lithium ferro phosphate (LFP) is estimated to grow at the fastest growth rate of 38.5% during the projected period owing to its high usage in solar energy installations, power tools, and electric vehicles, among others.

By Application,
Consumer Electronics OEMs
o Smartphones
o Laptops
o UPS Systems
o Smart Cameras
o Smart Watches
o Smart Glasses
o Smart Textiles
o Others
Automotive OEMs
o Hybrid Electric Vehicles (HEVs)
o Battery Electric Vehicles (BEVs)
o Others (Service Stations/Dealers)
Energy Storage
o Commercial
o Industrial
o Residential
o Utilities
Industrial OEMs
o Military
o Industrial Equipment
o Medical
o Marine
o Telecommunication
o Mining
o Forklifts
o Others
Other OEMs

The automotive OEMs segment is anticipated to witness the fastest growth rate of 35.3% owing to the rising applications of lithium-ion batteries in battery-driven vehicles. The consumer electronic OEMs segment is anticipated to hold the largest share of the market and within this segment; the smartphones segment is anticipated to surpass a market value of USD 450 million by 2024. Within the industrial OEMs segment, the marine segment is estimated to cross a market size of USD 12.5 million by 2023.

By Power Capacity,
0-300 mAH
3,000-10,000 mAH
10,000-60,000 mAH
More than 60,000 mAH

The more than 60,000 mAH segment is estimated to grow at the fastest growth rate during the forecast period owing to increasing demand for batteries of this capacity in automotives. The 0-300 mAH segment is expected to surpass a market value of USD 1200 million by 2023.

By Form/Design,
Custom Design

Global industries were impacted by the Russia-Ukraine War, which started in February 2022. There have been widespread announcements of strict travel restrictions over Ukrainian airspace. The market in 2022 has been damaged by the Russia-Ukraine War.

The conflict between Russia and Ukraine raises defense spending and fortifies NATO nations’ armed forces. Due to Russia’s invasion, the majority of European nations have raised their defense budget. Germany earmarked USD 109 billion, which is more than the whole cost of the military in 2021, increasing its defense spending above 2% of GDP.

This report provides statistics on market segments that can be further divided into sub-segments and nations. This portion of the research includes statistics about income opportunities in addition to market share in each nation and region. The percentage and market boom price for each region, nation, and subregion over the anticipated time period are mentioned in this portion of the research.

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