India Lithium-Ion Battery Market 2021 Size, Global Trends, Comprehensive Research Study, Development Status, Opportunities, Future Plans, Competitive Landscape and Growth by Forecast 2030

In a recent published report, Kenneth Research has updated the market report for India Lithium-Ion Battery Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for India Lithium-Ion Battery Market products.

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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

As per the latest report published by Variant Market Research, India Lithium-Ion Battery Market is estimated to reach $5,022 Million by 2024; growing at a CAGR of 26.2% from 2016 to 2024. Lithium-ion or Li-ion batteries are rechargeable batteries with high energy density and are primarily used in portable devices. The market for these batteries is expected to witness a substantial growth due to their increasing use in smartphones, digital cameras, tablets/PCs, and power tools. Additionally, the demand for Li-ion batteries in the automobile industry is likely to increase with the growing demand for electric vehicles. These batteries have gained popularity among the automobile companies as they offer a substitute to nickel metal batteries used in electric vehicles, due to their small size & light weight.

The government is expected to encourage manufacturers to setup facilities for making lithium-ion batteries in India to lower the cost of electric vehicles is the primary factor to drive the Indian lithium ion battery. Besides, rising disposable income has led to rise in demand for electronic devices such as smartphones and tablets fueling the growth of lithium-Ion batteries in the India. Moreover, rise in government initiative to reduce pollution level have also supported the Indian lithium-ion battery market. However, high cost and risk of fire in electronic devices may limit the market growth. Furthermore, growth in automobile industry and growing trend of electronic devices among youth consumers is expected to open up new growth opportunities for the market in the coming years.

The India lithium-ion battery market is mainly classified on the basis of material type and industry vertical. Classification by material type includes cathode, anode, electrolytic solution, and other materials (binders, separators, etc.). Industry vertical segment is classified into automotive (car, buses, and trucks, train & aircraft, scooters & bikes), electronics (smartphones, laptops/tablets, UPS, and others), industrial (mining equipment, smart grid, construction equipment), and other industry verticals.

Prominent players operating in the India lithium-Ion battery market include China BAK Battery Co. Ltd., Samsung SDI Co. Ltd., Hitachi Chemical Co., Ltd., Panasonic Corporation and Toshiba Corporation among others.

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The key takeaways from the report
The report will provide detailed analysis of India Lithium-Ion Battery Market with respect to major segments namely as material type and industry vertical

The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024

Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of India Lithium-Ion Battery Market has been included in the report
Profile of the key players in the India Lithium-Ion Battery Market, will be provided, which include key financials, product & services, new developments and business strategies

Scope of the India Lithium-Ion Battery Market
Material Type Segments

Electrolytic solution
Other Materials
Industry Vertical Segments

Cars, Busses and Trucks
Train and Aircraft
Scooters and Bikes
Mining Equipment
Smart Grid
Construction Equipment
Other Industry Verticals

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