PUBLISHER: Grand View Research | PRODUCT CODE: 1493347
PUBLISHER: Grand View Research | PRODUCT CODE: 1493347
India Lithium Market Size, Share & Trends Analysis Report By Product (Carbonates, Hydroxide), By Application (Automotive, Consumer Electronics, Grid storage, Glass & Ceramics), And Segment Forecasts, 2024 - 2030
India Lithium Market Growth & Trends:
The India lithium market size is anticipated to reach USD 294.1 million by 2030, registering a CAGR of 11.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing global demand for sustainable and renewable energy solutions has led to a surge in the need for lithium-ion batteries. India's focus on building its battery manufacturing ecosystem aligns with this growing demand, positioning the country as a key player in the market. With the consumer electronics market expected to grow rapidly and smartphone penetration rising, there is a rising need for efficient battery solutions, further fueling the demand for lithium.
The substantial investments in lithium-ion battery manufacturing in India indicate a strong commitment to expanding production capabilities. These investments will meet domestic needs and position India as a competitive player in the global market. Furthermore, efficient energy storage solutions are crucial as India expands its renewable energy capacity and integrates solar and wind energy into the grid. Lithium-ion batteries offer a viable solution due to their high energy density, long lifespan, and efficiency in storing and releasing energy. This capability stabilizes the grid and ensures a continuous power supply, further driving the market's growth.
The demand for lithium in India is primarily fueled by the government's push towards clean energy and electrification of transportation. According to the India Brand Equity Foundation (IBEF), the country aims to achieve a 30% electric vehicle (EV) adoption target by 2030, focusing on two-wheelers, three-wheelers, and commercial vehicles. The government-initiated programs, such as the National Mission on Transformative Mobility, aim to decrease reliance on imports and boost local manufacturing of lithium-ion batteries in response to the increasing demand and a shift towards electrification.
India Lithium Market Report Highlights:
- The market growth is attributed to factors, such as the abundance of consumer electronics, advancements in battery technology, and rising demand for portable electronic devices
- Based on products, the carbonates segment accounted for the largest revenue share of 52.7% in 2023. The demand for lithium carbonate is driven by the increasing need for energy storage solutions and the shift towards EVs to reduce carbon emissions
- The consumer electronics application segment is expected to register the fastest CAGR over the forecast period
- In January 2024, Khanij Bidesh India Ltd. (KABIL) signed an agreement for a lithium exploration and mining project in Argentina. This significant milestone marks the first lithium exploration and mining project by a Government Company in India
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Product
- 1.2.2. Application
- 1.2.3. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.2.1. Product outlook
- 2.2.2. Application outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. India Lithium Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Distribution Channel Analysis
- 3.2.2. Raw Material Trends
- 3.2.3. Technological Overview
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. India Lithium Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. India Lithium Market Estimates & Forecast, By Product, 2018 to 2030 (Kilotons) (USD Million)
- 4.3. Carbonates
- 4.3.1. Carbonates Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Hydroxide
- 4.4.1. Hydroxide Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.5. Others
- 4.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. India Lithium Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. India Lithium Market Estimates & Forecast, By Application, 2018 to 2030 (Kilotons) (USD Million)
- 5.3. Automotive
- 5.3.1. Automotive Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Consumer Electronics
- 5.4.1. Consumer Electronics Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Grid Storage
- 5.5.1. Grid Storage Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Glass & Ceramics
- 5.6.1. Glass & Ceramics Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. India Lithium Market - Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company Categorization
- 6.3. Company Market Positioning
- 6.4. Company Heat Map Analysis
- 6.5. Strategy Mapping
- 6.5.1. Expansion
- 6.5.2. Mergers & Acquisition
- 6.5.3. Partnerships & Collaborations
- 6.5.4. New Product Launches
- 6.5.5. Research And Development
- 6.6. Company Profiles
- 6.6.1. TDK Corporation
- 6.6.1.1. Participant's overview
- 6.6.1.2. Financial performance
- 6.6.1.3. Product benchmarking
- 6.6.1.4. Recent developments
- 6.6.2. Evolute
- 6.6.2.1. Participant's overview
- 6.6.2.2. Financial performance
- 6.6.2.3. Product benchmarking
- 6.6.2.4. Recent developments
- 6.6.3. Exide Industries Ltd.
- 6.6.3.1. Participant's overview
- 6.6.3.2. Financial performance
- 6.6.3.3. Product benchmarking
- 6.6.3.4. Recent developments
- 6.6.4. Future Hi-tech Batteries Limited
- 6.6.4.1. Participant's overview
- 6.6.4.2. Financial performance
- 6.6.4.3. Product benchmarking
- 6.6.4.4. Recent developments
- 6.6.5. HBL Power Systems Limited
- 6.6.5.1. Participant's overview
- 6.6.5.2. Financial performance
- 6.6.5.3. Product benchmarking
- 6.6.5.4. Recent developments
- 6.6.6. Li Energy
- 6.6.6.1. Participant's overview
- 6.6.6.2. Financial performance
- 6.6.6.3. Product benchmarking
- 6.6.6.4. Recent developments
- 6.6.7. Luminous Power Technologies Private Limited
- 6.6.7.1. Participant's overview
- 6.6.7.2. Financial performance
- 6.6.7.3. Product benchmarking
- 6.6.7.4. Recent developments
- 6.6.8. Okaya
- 6.6.8.1. Participant's overview
- 6.6.8.2. Financial performance
- 6.6.8.3. Product benchmarking
- 6.6.8.4. Recent developments
- 6.6.9. TDS
- 6.6.9.1. Participant's overview
- 6.6.9.2. Financial performance
- 6.6.9.3. Product benchmarking
- 6.6.9.4. Recent developments
- 6.6.1. TDK Corporation
List of Tables
- Table 1 List of abbreviation
- Table 2 India Lithium Market, 2018 - 2030 (Kilotons) (USD Million)
- Table 3 India Lithium Market by Product, 2018 - 2030 (Kilotons) (USD Million)
- Table 4 India Lithium Market by Application, 2018 - 2030 (Kilotons) (USD Million)
List of Figures
- Fig. 1 Market Research Process
- Fig. 2 India Lithium Market Segmentation
- Fig. 3 India Lithium Market Technology Landscape
- Fig. 4 Information Procurement
- Fig. 5 Data Analysis Models
- Fig. 6 Market Formulation and Validation
- Fig. 7 Data Validating & Publishing
- Fig. 8 Market Snapshot
- Fig. 9 Segment Snapshot (1/2)
- Fig. 10 Segment Snapshot (1/2)
- Fig. 11 Competitive Landscape Snapshot
- Fig. 12 Parent market outlook
- Fig. 13 India Lithium Market Value, 2023 (Kilotons) (USD Million)
- Fig. 14 India Lithium Market - Value Chain Analysis
- Fig. 15 India Lithium Market - Price Trend Analysis 2018 - 2030 (Kilotons) (USD Million)
- Fig. 16 India Lithium Market - Market Dynamics
- Fig. 17 India Lithium Market - PORTER's Analysis
- Fig. 18 India Lithium Market - PESTEL Analysis
- Fig. 19 India Lithium Market Estimates & Forecasts, By Product: Key Takeaways
- Fig. 20 India Lithium Market Share, By Product, 2023 & 2030
- Fig. 21 Carbonates Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 22 Hydroxide Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 23 Others Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 24 India Lithium Market Estimates & Forecasts, By Application: Key Takeaways
- Fig. 25 India Lithium Market Share, By Application, 2023 & 2030
- Fig. 26 Automotive Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 27 Consumer Electronics Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 28 Grid Storage Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 29 Glass & Ceramics Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 30 Others Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 31 Key Company Categorization
- Fig. 32 Company Market Positioning
- Fig. 33 Strategy Mapping
