India Lithium-Ion Battery Market

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India Lithium-Ion Battery Market

• Published by Accurize Market Research Pvt. Ltd.

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India Lithium-Ion Battery Market is Estimated to
Reach 5 Billion by 2025, Says Accurize Market
Research

• India lithium-ion battery market report published
  by Accurize Market Research forecast that the
  global market is expected to reach 5 billion by
  2025 growing at a CAGR of 26.2 from 2017 to
  2025. A lithium-ion battery or Li-ion battery is
  a type of rechargeable battery in which lithium
  ions move from the negative electrode to the
  positive electrode during discharge and back when
  charging. The lithium-Ion batteries are currently
  imported from China primarily as India does not
  have any manufacturing plant at present.
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Upsurge in demand for electronic devices such as
smart phones and tablets across the country to
drive the growth of the market

• Rise in disposable income of buyers has led to
  upsurge in demand for electronic devices such as
  smart phones and tablets which has further
  supplemented the growth of lithium-Ion batteries
  in India.
• Moreover, government initiative to reduce
  pollution level and growth in automotive sector
  has increased the production of electric
  vehicles.

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Market Segmentation

• The India lithium-ion battery market has been
  bifurcated on the basis of material type and
  industry vertical. The material segment includes
  cathode, anode, electrolytic solution, and other
  materials. Industry vertical segment is
  categorized as electronics, automotive,
  industrial, and other industry verticals.
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Top players in the market

• The key market players include
• Hitachi Chemical Co., Ltd.,
• Samsung SDI Co. Ltd.,
• Panasonic Corporation,
• Toshiba Corporation,
• China BAK Battery Co. Ltd., among others.

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