India Lithium ion Battery Market Top Key Players - Exide Batteries India, TDS Gujarat, Tata Chemicals, Li Energy, Amara Raja Batteries, Eveready Batteries, HBL Power, Indo National Batteries, Standard Batteries

The lithium-ion batteries market in India is expected to grow significantly in the next five years. Some of the important initiatives by the Government of India that will accelerate the growth of this market are National Electric Mobility Mission Plan 2020, with a projection of getting 6-7 million electric vehicles on Indian roads by 2020 and a target of 175 GW installation of renewable energy by 2022.

Beyond consumer electronics, lithium-ion batteries are growing in popularity for military, electric vehicle, and aerospace applications due to their high energy density. In recent years, with the rapid development of nanotechnology, nanomaterials are promising candidates for lithium-ion battery electrodes.

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INDIA LITHIUM-ION BATTERY MARKET DYNAMICS

Lithium is the primary source for Li-Ion battery packs as it is more stable and safer in charging and discharging energy compared to other minerals. Aside from the electronics industry, lithium is a staple mineral in mining, manufacturing, energy storage and many others. Due to its many industry uses, the importance of lithium-ion batteries cannot be overstated.

Since lithium battery application is fast growing across diversified industries there is large scale production of lithium batteries and moisture acts as a major deterrent leading to the growth of this industry. Lithium batteries are affected by uncontrolled temperature and humidity.

INDIA LITHIUM-ION BATTERY MARKET SEGMENTATION

The Indian Market of Lithium-Ion Battery can be segmented into following categories for further analysis.

By Type
• Lithium Nickel Manganese Cobalt (LI-NMC)
• Lithium Iron Phosphate (LFP)
• Lithium Cobalt Oxide (LCO)
• Lithium Titanate Oxide (LTO)
• Lithium Manganese Oxide (LMO)
• Lithium Nickel Cobalt Aluminium Oxide (NCA)

By Application
• Residential Application
• Commercial Application
• Industrial Application
• Military Application
• High-Capacity User Application

By Integration / Structure Type
• Private Partnership Only
• Public Private Partnership
• Program based Public Private Partnership

By Power Capacity Type
• 0 TO 3,000 mAH
• 3,000 TO 10,000 mAH
• 10,000 TO 60,000 mAH
• More Than 60,000 mAH

By Voltage Operation Type
• Low (Below 12 V)
• Medium ( 12 V – 36 V)
• High (Above 36 V)

By Regional Classification
• Western Region – India
• Eastern Region – India
• Southern Region – India
• Northern Region – India

RECENT MARKET TECHNOLOGICAL TRENDS IN LITHIUM-ION BATTERY

Battery technology is ubiquitous in modern life, from portable electronics through to transportation and grid scale energy storage. The demand for batteries is still growing globally. It has seen considerable growth in the recent years within India based upon the subsidies and improvised policies being mobilised by the Government Initiatives.

Li-ion batteries can be characterized as energy storage systems that rely on insertion reactions from both electrodes where lithium ions act as the charge carrier. There are several different cell chemistries that make up the Li-ion battery family. Most Li-ion batteries use a negative electrode principally made from carbon (e.g., graphite) or lithium titanate (Li4Ti5O12), with some novel materials under development, namely, Li metal and Li(Si) alloys.

COMPETITIVE LANDSCAPE

Subsequent to the foundation of the Lithium-ion (Li-Ion) battery laid during the 1970 oil crisis and introduction of the first commercial Li-Ion battery in 1985, Li-Ion battery technologies have developed and attracts significant attention in the energy storage applications because view of their superior energy density of 75-200Wh/kg, specific density of 150-315 Wh/l, cycle stability, efficiency, and reliability.

Exide Industries India has been recently part of a Joint Venture requirements being established so as to have a better access to engineering resources that provide lithium-ion batteries and energy storage solutions. It has been actively involved in introducing ‘ultra-batteries’ and other solutions in the energy storage space and the lithium chemistry domain.

COMPANIES PROFILED

Exide Batteries India
TDS Gujarat
Tata Chemicals
Li Energy
Amara Raja Batteries
Eveready Batteries
HBL Power
Indo National Batteries
Standard Batteries

Read More Information: https://mobilityforesights.com/product/indian-lithium-ion-battery-market/

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This release was published on openPR.