India Lithium-Ion Battery Market

13th October, 2016 – Navi Mumbai, India: Market Report on India present the latest report on “India Lithium-ion Battery Market By Type (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate and Others), By Application (Consumer Electronics, Industrial and Automotive), Competition Forecast and Opportunities, 2011 – 2021”. This report help to gain an in-depth understanding of India lithium-ion battery market & to identify the on-going trends and anticipated growth in the next five years.

Lithium-ion battery is an energy storage device capable of charging and discharging. In comparison to traditional battery technologies, they are competent of providing significantly high performance. Consequently, lithium-ion battery is increasingly being used as a power supply source in consumer electronics, telecom towers & electric vehicles. Increasing disposable income, growing levels of pollution and surging demand for quality & uninterrupted power are few of the other major factors anticipated to boost the demand for lithium-ion batteries in India during 2016 - 2021. Moreover, increasing portable and stationary energy storage demand coupled with escalating number of solar & wind projects are some other factors expected to aid India lithium-ion battery market over the next five years. In addition, the government has announced tax exemption on electric vehicles powered by Li-ion batteries, which is anticipated to drive the market over the next five years.

According to “India Lithium-ion Battery Market By Type, By Application, Competition Forecast and Opportunities, 2011 – 2021”, the market of lithium-ion battery in India is projected to grow at a CAGR of over 32% during 2016 – 2021. Lithium Cobalt Oxide dominated India lithium-ion battery market in 2015, and the segment is anticipated to maintain its dominance over the next five years as well owing to growing demand for cellphones, cameras and laptops in the country. These batteries are widely being used in...