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Written by Oliver » Updated on: April 18th, 2025
India Lithium-Ion Battery Market Outlook
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 3.20 Billion
Market Forecast in 2033: USD 9.56 Billion
Market Growth Rate: 12.27% (2025-2033)
The India lithium-ion battery market size was valued at USD 3.20 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 9.56 Billion by 2033, exhibiting a CAGR of 12.27% from 2025-2033.
India Lithium-Ion Battery Market Trends:
The lithium-ion battery market in India is rapidly emerging as a result of the growing interest in electric vehicles, renewable energy storage, and consumer electronics. The expansion of the market is being supported by local manufacturing incentives from the government and an emphasis on “Make in India.” At the same time, advances in battery chemistry, particularly related to energy density and charges, are driving lithium-ion battery efficiencies and cost. The added growth of grid-scale energy storage, energy storage for smart grid emissions and applications are here to increase adoption of lithium-ion across many sectors. Significant investments by both global and local players in gigafactories and battery recycling facilities is improving supply chains and reducing dependency on foreign imports.
An emphasis on developing solutions for energy transition and a growing climate footprint that is geared towards both peak and demand response research and development is accelerating efforts towards developing to both lithium iron phosphate (LFP) and solid-state battery chemistry. Besides this, expansion of the consumer electronics market, including smartphones, laptops, and wearables is a significant factor contributing to the upward movement of the sector. Overall, there are relevant and favorable politics for continuing expansion of the lithium-ion battery market in India markets with technological advances and increasing climate energy transition solutions. It is important that lithium-ion market applications are given more development to address the pending energy demand of electric vehicles and the growing interest for energy solution using carbon efficient batteries.
India Lithium-Ion Battery Market Scope and Growth Analysis:
The market for lithium-ion batteries in India is on an upward trend. This is a consequence of the rising use of electric vehicles, growing demand from consumer electronics, and the government’s push toward clean energy solutions. The major cities and industrial areas in India are also growing, which will increase demand for energy storage capabilities, particularly in renewable energy applications. Essentially, the move to bolster local manufacturing (for example, “Make in India” and the PLI initiatives) is ramping up local manufacturing which reduces reliance on imported batteries. The heft of rising manufacturing and falling costs of lithium-ion batteries will foster a larger basis for use and therefore, more widespread use of batteries.
To note additionally, rising investment in engineering and innovation in new battery chemistry is raising energy density, safety, and lifecycle. Likewise, increased attention on the environment and emerging government legislation/regulation requiring a shift to greener energy are opening up a lucrative market. As the charging infrastructure expands and recycling procedures improve, many compressing and challenging factors will be addressed as the market continues to grow. Lastly, on the flip-side, there are greater risks from supply chain issues and scarcity of raw material, but diversifying supply chains and legislative demand and support should solve these or at least make risks manageable. Therefore, the lithium-ion battery market in India has a sense of stability and sustainability and now is the time to activity and value manufacture and drive deeper into use and products.
India Lithium-Ion Battery Market Report Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India Lithium-Ion Battery Market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Analysis by Product Type:
Analysis by Power Capacity:
Analysis by Application:
Regional Analysis:
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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