Market Size of India Lithium-ion Battery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.71 Billion |
| Market Size (2029) | USD 13.11 Billion |
| CAGR (2024 - 2029) | 22.72 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Lithium-ion Battery Market Analysis
The India Lithium-ion Battery Market size is estimated at USD 4.71 billion in 2024, and is expected to reach USD 13.11 billion by 2029, growing at a CAGR of 22.72% during the forecast period (2024-2029).
- Over the medium term, factors such as declining prices of lithium-ion batteries and increasing adoption of electric vehicles are likely to drive the India lithium-ion battery in the forecast period.
- On the other hand, the demand-supply mismatch of raw materials like lithium, etc., will likely hinder the growth of the Indian lithium-ion battery market in the studied period.
- Nevertheless, increasing recycling activities of lithium-ion batteries in the country and technological advancements in new battery technologies to store energy will likely create lucrative growth opportunities for the India lithium-ion battery market during the forecast period.
