India Lithium-ion Battery Market Forecast and Opportunities, 2023_Brochure

India Lithium-ion Battery Market

By Type, By Application, By Battery Capacity, Competition Forecast and Opportunities, 2013 – 2023

Published: June, 2018

MARKET INTELLIGENCE . CONSULTING

Ta b l e o f C o n t e n t s S. No.

Contents

1.

Product Overview

2.

Research Methodology

3.

Analyst View

4.

Voice of Customer

5.

4.1.

Lithium-ion Battery Brands in Use

4.2.

Factors Considered Before Purchase

4.3.

Brand Awareness

4.4.

Brand Satisfaction Level

India Lithium-ion Battery Market Outlook

5.1.

Market Size & Forecast 5.1.1.

5.2.

5.3.

By Value

Market Share & Forecast 5.2.1.

By Type (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Nickel Manganese Cobalt Oxide, Lithium Iron Phosphate Oxide and Others)

5.2.2.

By Application (Consumer Electronics, Industrial and Automobiles and Others)

5.2.3.

By Battery Capacity (upto 4000 mAh, 4001-15000 mAh, 15001-50000 mAh, above 50000 mAh)

5.2.4.

By Region (North, East, West, South)

5.2.5.

By Company

Market Attractiveness Index 5.3.1.

By Type

5.3.2.

By Application Š TechSci Research

2

Ta b l e o f C o n t e n t s S. No.

6.

Contents 5.3.3.

By Battery Capacity

5.3.4.

By Region

India Consumer Electronics Lithium-ion Battery Market Outlook 6.1.

Market Size & Forecast 6.1.1.

6.2.

7.

Market Share & Forecast 6.2.1.

By Type

6.2.2.

By Application (Smartphones, Laptops, UPS & Others)

6.2.3.

By Battery Capacity

6.2.4.

By Region

India Industrial Lithium-ion Battery Market Outlook 7.1.

Market Size & Forecast 7.1.1.

7.2.

8.

By Value

By Value

Market Share & Forecast 7.2.1.

By Type

7.2.2.

By Battery Capacity

7.2.3.

By Region

India Automotive Lithium-ion Battery Market Outlook 8.1.

Market Size & Forecast 8.1.1.

8.2.

By Value

Market Share & Forecast 8.2.1.

By Type

8.2.2.

By Battery Capacity Š TechSci Research

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Ta b l e o f C o n t e n t s S. No.

Contents 8.2.2.

9.

By Region

Market Dynamics 9.1.

Drivers

9.2.

Challenges

10.

Market Trends and Developments

11.

Policy and Regulatory Landscape

12.

Trade Balance

13.

India Economic Profile

14.

Competitive Landscape 14.1.

Competition Matrix

14.2.

Company Profiles 14.2.1

Samsung SDI co. Ltd

14.2.2.

Panasonic India Pvt. Ltd.

14.2.3.

LG Chem

14.2.4.

Sony India Pvt. Ltd.

14.2.5.

Sony India Pvt. Ltd.

14.2.6.

ACME Cleantech Solutions Private Limited

14.2.7.

Coslight India Telecom Pvt. Limited

14.2.8.

Amco Saft India Limited

14.2.9.

Rajamane Telectric Pvt. Ltd

14.2.10.

Semyung India Enterprises (Pvt) Ltd

15.

Strategic Recommendations

16.

About Us & Disclaimer Š TechSci Research

4

Product Overview

•

Lithium-ion battery is a chargeable energy storage device. In comparison to traditional battery technologies, it is capable of providing significantly higher performance. Consequently, lithium-ion battery is being increasingly used as a power supply source in consumer electronics as well as in hybrid and electric vehicles.

•

Lithium-ion battery has three major components, namely, Cathode, Anode and Electrolyte. During the time of charging, the lithium-based positive electrode releases lithium-ions, which move towards the negative electrode, while passing through the electrolyte. At the time of discharging, the lithium-ion move back to positive electrode from negative electrode, while passing through the electrolyte, thereby producing energy.

Composition of Lithium-ion Battery Charge (Energy Storage)

e-

Charger

e-

One molar solution of a lithium salt in organic solvent

Discharge (Power to the Device) Cathod e

Electrolyte

Charge

Discharge

Anode

Cu Current Collector

Al Current Collector

Electrolyte:

Anode: Cathode: Metal oxide, in which lithium-ion are inserted

Separator

Source: TechSci Research

Graphite coated over copper foil, which is around 14um thick Š TechSci Research

5

Research Methodology

Market Profiling In-depth secondary research was conducted to determine the market size and market share of the leading companies in India Lithium Ion Battery Market.

Data Collection

Data Filter & Analysis

Research & Intelligence

Actionable Insights

Business Solution

Formulating Questionnaire In order to conduct interviews of industry experts, TechSci Research formulated a detailed questionnaire.



Identifying Key Opinion Leaders



Questionnaire Design



In-depth Interviews

A Primary Research

Developing List Of Respondents List of industry players such as lithium ion battery manufacturers, suppliers, associations and consumers was prepared.

Recent Developments



Market Dynamics

 Government B Policies Desk Research  Final Conclusion

Data Collection TechSci Research conducted interviews with industry experts and players for data collection and verification.





Market Participants

 

Key Challenges Growth Drivers

C Company Analysis

Data Validation Data obtained as a result of primary and secondary research was validated through rigorous triangulation.

Data Analysis Data was scrutinized using MS-Excel and statistical tools such as Time Series analysis, etc., to obtain qualitative and quantitative insights about the India Lithium ion Battery Market.

Primary Research  

TechSci Internal Database Interviews with Key Opinion Leaders

Secondary Research      

Company Website Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body, Associations, etc.

© TechSci Research

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Research Methodology

Optimistic

Long term

D1

XX% CAGR

Long term

2022F

2021F

2020F

2019F

2018F

2016

XX% + 2% CAGR

D1

XX% + 4% CAGR

D2

Degree of impact

High

Medium

2022F

2021F

2020F

2019F

2018F

2017E

2016

2015

2014

D3 2013

Likely

2012

Data for 2017 represents it from 1st April 2016 to 31st March 2017, and same goes for all particular year.

Medium term

2017E

• Qualitative to quantitative conversion • Assigning weightage to drivers • Statistical evaluation • Developing the actual forecast based on both the cases

Conservative

Short term

2015

D3

2014

D2

India Lithium Ion Battery Market • Market indicators expected to perform at average level during the forecast period • Market expected to slow down with decreasing impact of drivers

XX% + 4% CAGR

2013

• Market indicators expected to outperform during the forecast period • Market expected to gain traction with increasing impact of drivers

Medium term

2012

Forecasting Methodology

Short term

Low © TechSci Research

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Research Methodology Research Methodology

OPTIMISTIC

HIGH

4.8%

LIKELY 4.6%

4.5%

Factor 2

EXPECTED

Factor 1

4.7%

This scenario is characterized by moderate impact of economic and market growth factors on India Lithium Ion Battery Market

CONSERVATIVE 4.4%

4.3%

LOW

GROWTH FACTOR

This scenario is characterized by higher impact of economic and market growth factors on India Lithium Ion Battery Market

In this scenario impact of economic as well as market growth factors is comparatively very low on India Lithium Ion Battery Market

Factor 3

IMPACT OF GROWTH DRIVERS

11 © TechSci Research

8

Research Methodology OBJECTIVE: The primary objective of the study was to understand the present market as well as forecast the India lithium ion battery market.

APPROACH & SOURCES: In order to forecast the India lithium ion battery market, both top-down and bottom-up approaches have been used. Multiple employees from the following companies have been interviewed through telephonic conversations, in order to extract and verify pertinent information.

Partial List of Companies Interviewed LG Polymers India Pvt Ltd

AES India

Panasonic India Pvt. Ltd.

NEC India Pvt. Ltd.

Samsung SDI

Sony India Pvt. Ltd.

Coslight India Telecom Pvt. Ltd.

ACME Cleantech India Pvt. Ltd.

Amco Saft

Reliance Industries Ltd

Tata Power Ltd

Mitsubishi Corporation

TechSci Research has scrutinized various published documents from following key sources in order to fill the data gaps and verify information being collected through primary research surveys.

Partial List of Secondary Sources Companies Website

Society of Indian Automobile Manufacturers

Press Release & News Article

Ministry of Power

Ministry of Commerce

Indian Brand Equity Foundation (IBEF)

National Electric Mobility Mission

Telephone Regulatory Authority of India

Ministry of New & Renewable Energy

Annual Report & Investor Presentation Š TechSci Research

9

Research Methodology

The study has been carried out considering various aspects of India lithium-ion battery market: •

In the beginning, a brief study of the allied industries, such as consumer electronics, automotive, industrial, etc., was conducted, which includes analysis of information such as ongoing development projects in consumer electronics, automotive and industrial sectors followed by the details of major projects under the development stage, which can positively or negatively influence India lithium ion battery market.

•

A detailed and in-depth scrutiny of information was done to understand each and every policy, external and internal factor that could impact the demand for lithium ion batteries in the country. For this, various documents related to energy efficiency and industrial projects were studied, followed by the detailed assessment of lithium ion battery industry in India.

•

Finally, a region specific consumption scenario was identified, and growth in the country's lithium ion battery market is forecast.

•

In view of increasing demand-supply gap of lithium ion battery from domestic manufacturing companies, the demand is met through global leading players operating in the country through subsidiaries.

© TechSci Research

10

Research Methodology

•

To extract the data for India lithium-ion battery market, primary research surveys were conducted with key end users industries and manufacturing companies, so as to assess the past market trend.

•

However, for forecasting the market, following assumptions were made:

 Development of renewable energy projects in the country is expected to propel the demand for energy storage devices, including lithium-ion battery

 Focus on reducing the dependence on petrol and diesel and promotion of electric vehicles will continue to increase

 Government policies to promote energy savings and promotion of reliable storage devices will continue to increase

•

Considering these assumptions, our dedicated team of industry experts has comprehensively monitored and analyzed various aspects of India lithium-ion battery market. The team has analyzed various industry segments and speculated a positive future for India lithium-ion battery market. Taking into consideration the developments, capital investments, government support, etc., our team of analysts has provided a prudent analysis of the industry’s performance in the future. © TechSci Research

11

Industry Brief

Samsung SDI to Continue Dominating India Lithium-Ion Battery Market through 2023 According to a recently published TechSci Research report “India Lithium-ion Battery Market By Type, By Application,

By Battery Capacity, Competition Forecast & Opportunities, 2013-2023’’, India lithium-ion battery market is projected to grow at a CAGR of over 22%, majorly on account of growing industrial and automobile sectors, and rising penetration of electric vehicles. Additionally, rising number of solar energy projects and expansion of telecom industry is further boosting the use of lithium-ion batteries. In 2017, Samsung SDI Co. Ltd accounted for the largest share in India lithiumion battery market, followed by Panasonic India Pvt. Ltd. and LG Polymers India Pvt Ltd. Industrial sector had the largest application share in India lithium-ion battery market in 2017 and the sector is likely to maintain its dominance throughout the forecast period as well. Among types, lithium cobalt oxide type of lithium-ion batteries accounted for the major revenue share in the market in 2017 and the segment is likely to maintain its leading position throughout forecast period as well. As per the regional analysis of India lithium-ion battery market, South region accounted for the highest market share in 2017, and the trend is expected to continue till 2023.

“By 2020, National Electric Mobility Mission Plan in India targets seven million electric and hybrid vehicles on Indian roads, which is expected to significantly push demand for lithium-ion batteries across the country. Furthermore, technological developments for the use of intelligent and advanced lithium-ion batteries in energy deficit regions of India is likely to provide better energy storage solutions in the country, thereby positively influencing the lithium-ion battery market in the country in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

© TechSci Research

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Sample Data-Snapshot Lithium-ion Battery Brands in Use

Figure 1: India Lithium-ion Battery Market Size, By Value, 2013-2023F (USD Million)

(Base=X)

CAGR 2019E – 2023F

By Value: X%

CAGR 2013 – 2018

By Value: X%

Samsung SDI LG Chem Sony India Panasonic India AMCO Saft Coslight India ACME cleantech Semyung India Rajamane Telectric NEC India Brand Awareness (Base=X)

2013 Figure

2014 14:

2015

2016

India

Attractiveness

2017

Lithium-ion

Index,

By

2018

2019E 2020F 2021F 2022F 2023F

Battery

Application,

By

Market Value,

2019E-2023F

Chile

16.00% 14.00% 12.00%

Panasonic India LG Chem Coslight India Sony India

10.00%

USA Consumer Electronics

8.00%

10.00%

Others

Automotive

10.00%

Samsung SDI

March 2018 Bolivia

Industrial

18.00%

Figure 5: Lithium Reserves, By Geography, As of

10.00% 10.00%

Argentina

6.00%

10.00%

China

4.00%

10.00%

2.00% 0.00% 0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

Figure 8: India Lithium-ion Battery Market Share, By Application, By Value, 2013-2023F

ACME cleantech AMCO Saft NEC India Rajamane Telectric

Semyung India

2013 Industrial

2014

2015

2016

2017

2018

2019E

2020F

2021F

2022F

2023F

50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%

Consumer Electronics 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% Automotive

20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%

Source: XXXXX Note: These are dummy figures; please purchase our report for actual data

© TechSci Research

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Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption.

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