Lithium Ion Battery Market Overview:

Global lithium ion battery market was valued at $30,186.8 million in 2017, and is projected to reach $100,433.7 million by 2025, growing at a CAGR of 17.1% from 2018 to 2025. Asia-Pacific region is expected to occupy the largest share of the global lithium ion battery market in 2018.
The market for lithium-ion battery is expected to register a CAGR of 22.58%, during the forecast period (2020-2025). Major factors driving the market studied are the emergence of new and exciting markets, via electric vehicle and energy storage systems (ESS), for both commercial and residential applications, declining lithium-ion battery prices, and the increasing sale of consumer electronics. However, the increasing demand-supply mismatch of raw materials is likely to hinder the growth of the market studied.

The Government of India (GoI) recently announced plans for transition to all electric transportation by 2030. GoI also introduced the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) policy in 2015, to increase the adoption of Electric Vehicles (EVs) on the road. Considering that the battery and related components account for about 40-50% of the EV cost, the overall manufacturing plant of 50 GWh capacity has been considered.

The Indian electric vehicle (EV) market will continue to be largely driven by the two-wheeler and three-wheeler segment, experts opined at the ETAuto Virtual Roundtable on ‘Post Covid-19: Future of Electric Vehicles Global and India’.

According to them the EV market will recover swiftly from Covid-19 setback when compared to their ICE counterparts and their outlook remains strong in the medium term.

By 2025, 30-35 percent of sales are expected to be electric which includes mild hybrid, full hybrids, plug-in, and battery. In terms of battery electric vehicles, about 10-12 percent of global sales will be fully electric.

For companies, entrepreneurs and businesses keen on setting up Li-ion Battery Packs assembling unit, this is best time. This market survey techno-commercial report will help you very much.

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Objective of Techno-Economic Feasibility Studies/ Detailed Project Reports is to determine the technical feasibility and financial viability of the project, assess the risks associated with the project and enumerate imminent actions that are required to be taken. It helps a client get a detailed evaluation of a project.

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• Financial viability of the project
• The risks associated with the project
• Actions required for risk mitigation

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