Lithium-ion battery Market 2019 | Industry Size, Trends, Growth 2025 Lithium ion battery Market pdf | Page 2

According to a new market report published by BlueWeave Consulting, The India
Lithium-ion Battery Market is expected to expand at a CAGR of over 23% from 2018 to
2025, end of the forecast period.
Growth in the automobile industry and rise in demand for electronic devices is
mainly driving the Indian Lithium-ion Battery market
The lithium-ion batteries are now widely implemented as the power or energy source for
everything from portable electronics to electric vehicles and energy & natural resources.
Increasing adoption of smartphones, tablets, wearable, toys, power tools, personal care
devices, payment devices, and digital cameras among users have led to improved demand
for lithium-ion batteries in India.
Increase in disposable income has led to rise in demand for electronic devices such as
smartphones and tablets fueling the growth of lithium-Ion batteries in India. Moreover, a
rise in government initiative to reduce pollution level are the major factors driving the
Indian lithium-ion battery market. The Indian automobile sector is one of the most
prominent sectors of the country, accounting for over 8% of the national GDP. Growth in
the automotive sector has led to a surge in demand for electric vehicles which has also
supplemented the growth of lithium-Ion batteries.
Check Sample of this report @
https://www.blueweaveconsulting.com/india-lithium-ion-battery-market#ReportSample/
India Lithium-ion Battery market: Scope of the Report
The India Lithium-ion Battery market is segmented on the basis of type, components, and
application. Based on type, the market is segmented into Lithium Cobalt Oxide, Lithium
Manganese Oxide, Lithium Iron Phosphate, and Others. On the basis of application, the
market is segmented into Consumer Electronics, Industrial and Automotive. Based on
Components, the market is segmented into Cathode, Anode, Electrolytic Solution and
Others.
India Lithium-ion Battery market: Competitive Dynamics
Companies, such as Future Hi-Tech Batteries, Reliance Industries Limited, JSW Group, Adani
Enterprise Ltd, Mahindra & Mahindra Limited, Suzuki Motor Corp., Toshiba Corp., Denso
Corp., Samsung SDI Co. Ltd., Panasonic Corporation, Toshiba Corporation, Hitachi
Chemical Co. Ltd and Bharat Heavy Electricals Ltd are the key players in Lithium-ion Battery
in India.
Market Segmentation: India Lithium-ion Battery market
By Type
· Lithium Cobalt Oxide
· Lithium Manganese Oxide
· Lithium Iron Phosphate
· Others
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