Press release
India Lithium-ion Battery Market Expected to Grow with a CAGR of over 23% by 2025 | BlueWeave Consulting
According to a new market report published by BlueWeave Consulting, the India Lithium-Ion Battery Market is expected to expand at a CAGR of over 23% from 2018 to 2025, end of the forecast period.Moreover, increasing awareness towards portable and stationary energy storage coupled with government’s push towards solar and wind projects are expected to contribute to the growth of Lithium-ion battery market over the coming years. Furthermore, government efforts towards adoption of electric vehicles such as Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) scheme as well as tax exemption on EVs are anticipated to provide much needed boost to the market.
Growth in automobile industry and rise in demand for electronic devices is mainly driving the Indian Lithium-ion Battery market.
Request for Sample Copy of Study Report on India Lithium-Ion Battery Market:
https://bit.ly/2FnyA3x
Lithium-ion battery is an energy storage device capable of charging and discharging. In comparison to traditional battery technologies, they are competent of providing significantly high performance. These batteries have a potential to achieve very high energy and power densities in high-density battery applications such as electronics, automotive and standby power. Lithium-ion batteries are now widely implemented as the power or energy source for everything from portable electronics to electric vehicles and energy & natural resources. Increasing adoption of smartphones, tablets, wearable, toys, power tools, personal care devices, payment devices, and digital cameras among users have led to an improved demand for lithium-ion batteries in India.
Increase in 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 are the major factors driving the Indian lithium-ion battery market. The Indian automobile sector is one of the most prominent sectors of the country, accounting for over 8% of the national GDP. Growth in automotive sector has led to surge in demand for electric vehicles which has also supplemented the growth of lithium-Ion batteries.
India Lithium-ion Battery market: Scope of the Report
The India Lithium-ion Battery market is segmented on the basis of type, components, and application. Based on type, the market is segmented into Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate, and Others. On the basis of application, the market is segmented into Consumer Electronics, Industrial and Automotive. Based on Components, the market is segmented into Cathode, Anode, Electrolytic Solution and Others.
Get Complete Table of Content Having Unique Analysis on Several Factors:
https://bit.ly/2FD3wgn
India Lithium-ion Battery Market: Component Analysis
• Cathode segment is growing significantly with a healthy CAGR during the forecast period. The selection of cathode material depends on various factors such as cell voltage, capacity, energy & power capabilities, cycle life, and operating temperature. Various materials are used in the cathode of a lithium-ion battery such as cobalt, manganese, phosphate, nickel cobalt manganese (NCM OR NMC), lithium iron phosphate (LFP), and others. Enhanced reliability and compatibility of lithium-ion batteries have led to their increase in demand, which in turn fuels the demand for cathode materials. Furthermore, increase in applications of lithium-ion battery has driven the market growth.
• Anode is growing significantly with a healthy CAGR during the forecast period. Anode materials, one of vital raw materials, make up 5%-15% of lithium battery cost owing to affordable, extremely light, porous and durable nature.
• Electrolyte is growing significantly with a healthy CAGR during the forecast period. A safe and long-lasting battery needs a robust electrolyte that can withstand existing voltage and high temperatures and that has a long shelf life while offering a high mobility for lithium ions. Types include liquid, polymer, and solid-state electrolytes.
India Lithium-ion Battery Market: Application Analysis
• The Automotive application of Lithium-ion Battery is growing with a significant growth during the forecast period. The use of Lithium batteries in cars, motorcycles, heavy vehicles and off-road equipment is increasing rapidly. Lead-acid batteries are being replaced by Lithium batteries to improve charge/discharge performance, save weight, save space, increase lifetime and avoid lead in the environment.
• Industrial usage of Lithium-ion Battery is growing with a healthy CAGR during the forecast period. Lithium batteries are currently the best available energy storage technology and are exceptional for their ratio of dimensions to weight and capacity. They are also capable of delivering high current. Quality care for these batteries should also ensure long battery lifespan. It is suitable for a vast majority of industrial applications, such as in smart houses, off-grid power systems and in other systems for storing excess electricity generated by power plants.
India Lithium-ion Battery Market: Competitive Dynamics
The India Lithium-ion Battery market is dominated by a number of players, amongst them the major players are Future Hi-Tech Batteries, Mahindra & Mahindra Limited, Reliance Industries Limited, JSW Group, Adani Enterprise Ltd, Suzuki Motor Corp., Toshiba Corp., Denso Corp., Samsung SDI Co. Ltd., Panasonic Corporation, Toshiba Corporation, Hitachi Chemical Co. Ltd, and Bharat Heavy Electricals Ltd. Companies in this industry are following different strategies to strengthen their market position.
Browse Full Study Report on India Lithium-ion Battery Market: https://bit.ly/2MfMdDd
About Us
BlueWeave Consulting is a one-stop solution for market intelligence regarding various products and services online & offline. We offer worldwide market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. BlueWeave has built its reputation from the scratches by delivering quality performance and nourishing the long-lasting relationships with its clients. We are one of the promising digital market intelligence generation company delivering unique solutions for blooming your business and making the morning, more rising & shining.
Contact Us:
Email: info@blueweaveconsulting.com
Website: www.blueweaveconsulting.com
Phone: +1 8666586826
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release India Lithium-ion Battery Market Expected to Grow with a CAGR of over 23% by 2025 | BlueWeave Consulting here
News-ID: 1505315 • Views: …
More Releases from BlueWeave Consulting & Research Pvt Ltd.
United States Enhanced Water Market Size, Share Growth is Projected to Growing a …
The United States enhanced water market is growing at high rate because of the rising health awareness and the need for additional nutritional supplements in the body due to a busy lifestyle....
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the US enhanced water market was worth USD 2,131.0 million in the year 2020. The data yielded by the study reveals that the…
Global Electronic Bill Presentment and Payment (EBPP) Market Size & Share is Gro …
Electronic bill presentment and payment (EBPP) market is being driven by factors such as globalization, businesses expanding overseas, and consumers increasingly using plastic money. Market growth is also driven by the use of high-speed internet access on smart phones...
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global electronic bill presentment and payment (EBPP) market was worth 18.5 number of bills in…
Global Fatty Alcohol Market Size & Share is Predicted to Garner USD 8.4 Billion …
The global fatty alcohol market is growing at a high CAGR because of the increasing demand for bio-based renewable products to promote sustainability and control dependence on non-renewable products such as petrochemicals...
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global fatty alcohol market was worth USD 5.5 billion in the year 2020. The market is estimated to grow at a CAGR…
Global Medical Goggle Market Size, Share & Growth is Projected to Grow at a CAGR …
The global medical goggle market is growing at a high CAGR because of the increasing demand for surgical procedures and prevalence of infectious diseases and stringent regulations regarding the safety of healthcare workers...
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global medical goggle market was worth USD 443.4 million in the year 2020. The data generated by the study reveals that…
More Releases for Lithium
Lithium Compounds Market To Witness Massive Growth | Competitive Outlook Albemar …
Lithium compounds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account 20.04 billion by 2027 growing with the CAGR of 20.90% in the above-mentioned forecast period. Huge investments in infrastructure developments is a vital factor driving the growth of lithium compounds market swiftly.
The Lithium Compounds Market research report assesses the ongoing as well as future…
Lithium Compounds Market 2020-2025 Global Analysis & Opportunity Assessment | Li …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,…
Lithium Compounds Market Analysis & Industry Outlook 2019-2025| Livent Corporati …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,…
Lithium Compounds Market Scenario & Industry Outlook 2019-2025| Livent Corporati …
The global lithium compound market size is projected to reach over USD 9 billion by 2025.The report on lithium compound market is aimed to equip report readers with versatile understanding on diverse marketing opportunities that are rampantly available across regional hubs. A thorough assessment and evaluation of these factors are likely to influence incremental growth prospects in the lithium compound market.
Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/1445
Additionally, in this…
Lithium Fluoride Market players Jiangxu Ganfeng Lithium, Harshil Fluoride Brivo …
The developing in the glass, optics and electronic and electrical industries has initiated a high demand for Lithium and related compounds. Lithium and lithium based compounds are one the key substances that have dynamic usage, either as a feedstock or as product. One of the most commercially important compound is Lithium fluoride. Lithium fluoride is an odorless, crystalline lithium salt manufactured by the reaction of lithium hydroxide with hydrogen fluoride.…
Lithium Hydroxide Market | Key Players are FMC Corporation, Sociedad Quimica Min …
Lithium Hydroxide (LiOH) is an inorganic compound that is insoluble in water and partially soluble in ethanol. It is commercially available as a monohydrate (LiOH.H2O) and in anhydrous form, both of which are strong bases. On the basis of purity level, it is also available in battery grade and technical grade. Lithium hydroxide is manufactured by means of a metathesis reaction between calcium hydroxide and lithium carbonate and it finds…