India Battery Market 2025 Edition: Size, Share, Growth, Competitor Analysis and Forecast by 2033

India Battery Market Overview

Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 8.4% (2025-2033)

The India battery market is witnessing robust growth, driven by rising demand for electric vehicles, renewable energy storage, and advancements in battery technologies across diverse industrial applications. According to the latest report by IMARC Group, The India battery market size reached USD 7.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 14.9 Billion by 2033, exhibiting a growth rate (CAGR) of 8.4% during 2025-2033.

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India Battery Industry Trends and Drivers:

India's battery market is growing quickly. This growth is mainly due to more electric vehicles and higher demand for energy storage. Urban growth and a growing middle class are driving sales of electric scooters and cars. As a result, the need for lithium-ion batteries is increasing. Government programs are crucial. The FAME scheme and the PLI scheme are two important examples. They promote electric vehicle adoption and support local battery production. India's ambitious renewable energy goals aim to increase solar and wind power generation. This needs efficient battery storage systems. They help keep the grid stable and manage the ups and downs of renewable sources. The push for clean energy is driving demand for advanced battery technologies. The growth in telecommunications and IT infrastructure also helps expand the market. Lower lithium-ion battery costs are making electric vehicles and energy storage cheaper. This benefits both consumers and businesses. This accelerates market growth. India's battery market is set for major growth in the coming years. This rise has a few causes: more people are driving electric cars, renewable energy is on the rise, and government support is increasing. Also, telecom infrastructure is expanding, and battery prices are falling.

A key trend in India's battery market is the focus on local manufacturing and advanced battery technologies. Government policies, like the PLI scheme for battery production, encourage domestic output. This aims to cut down on imports and build a self-sufficient ecosystem. Investors, both local and international, are funding new battery production plants nationwide. There is also a strong push for research and development to improve battery performance, safety, and cost. New battery chemistry innovations are becoming popular. Lithium-ion advancements lead the way, and sodium-ion alternatives are also being explored. The need for battery recycling is growing. This is because of environmental worries and the wish to reclaim valuable materials. Battery swapping technologies are emerging, especially for electric two-wheelers and three-wheelers. This approach helps ease range anxiety and lowers the upfront costs of electric vehicles. Local and global partnerships boost technology transfer. They also speed up the use of advanced battery solutions. India's battery market is dynamic and poised for growth. Local manufacturing, innovation, and recycling are driving this change. New business models, like battery swapping, also play a key role.

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India Battery Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

● Primary Battery
● Secondary Battery

Breakup by Product:

● Lithium-Ion
● Lead Acid
● Nickel Metal Hydride
● Nickel Cadmium
● Others

Breakup by Application:

● Automotive Batteries
● Industrial Batteries
● Portable Batteries

Breakup By Region:

● South India
● North India
● West & Central India
● East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● COVID-19 Impact on the Market
● Porter's Five Forces Analysis
● Strategic Recommendations
● Historical, Current and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape

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About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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This release was published on openPR.