1. Most Discussed
  2. Gainers & Losers
TON 5.7¢

India Lithium-ion Batteries Market to Grow at Over 35% CAGR Till 2020

  1. PD1

    2,224 Posts.
    Increasing Demand for Renewable Sources of Energy Coupled With Favorable Government Initiatives for Sustainable Development to Drive Lithium-ion Batteries Sales in India Through 2020

    According to the recently published TechSci Research report "India Lithium-ion Battery Market Forecast and Opportunities, 2020" the market for lithium-ion (Li-ion) batteries in India is projected to witness double digit growth at over 35% CAGR during 2015-20. Lower consumer awareness, inadequate investments by companies, and lack of technological innovations curbed the proliferation of lithium ion technology till the past few years. However, rise in technological developments and increasing need for cleaner energy sources have brought Li-ion batteries on the forefront across various industries as well as end-use sectors. As of now, India predominantly depends on China, South Korea and Taiwan for Li-ion batteries since the country does not have indigenous manufacturing operations for these batteries. However, to offset this challenge, companies are planning to start production of advanced Li-ion batteries in India itself.


    Under the new policies taken up by the government, adoption of Li-ion batteries is anticipated to grow at a tremendous pace in the coming years. Rising penetration of electric vehicles, substantial investments in clean and renewable energy sources, and the recently launched Make in India campaign are expected to boost the demand for Li-ion batteries in the country through the forecast period. Government of India has launched New Electric Mobility Mission Plan 2020, which projects to have 6-7 million electric vehicles running on Indian roads by 2020. Smart city projects and Green Energy Corridor for power generation from renewable sources would add to the overall installed capacity, thereby increasing the demand for energy storage batteries.

    "In the coming years, India is expected to witness substantial investments by various companies to set up their Li-ion battery manufacturing base in the country. Considering the continuous increase in smartphone and electric vehicle penetration in the country, major players like Panasonic and China BAK already have plans to set up their manufacturing units in various parts of the country.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

    "India Lithium-ion Batteries Market Forecast & Opportunities, 2020" has analyzed the potential of Li-ion batteries market and provides statistics and information on market size, regional analysis for the battery industry. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry.


Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.