Samsung SDI to Continue Dominating India Lithium-Ion Battery

Market through 2023

Growing demand for lithium-ion batteries across industrial and automotive segment coupled with increasing
penetration of electric vehicles to fuel 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 lithium-
ion battery market, followed by Panasonic India Pvt. Ltd. and LG Polymers India Pvt Ltd.
Browse 44 market data Figures and Tables spread through 88 Pages and an in-depth TOC on "India
Lithium-ion Battery Market" https://www.techsciresearch.com/report/india-lithium-ion-battery-
market/1250.html

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.
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“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.

“India Lithium-ion Battery Market By Type, By Application, By Battery Capacity, Competition Forecast &
Opportunities, 2013-2023” has evaluated the future growth potential of India lithium-ion battery market and provides
statistics and information on market size, structure and future market growth. The report intends to provide cutting-
edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies
and analyzes the emerging trends along with essential drivers, challenges and opportu nities in India lithium-ion battery
market.
About TechSci Research
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