
Recycling of lithium-ion batteries in India- $1,000 million opportunity
The lithium-ion batteries market in India is expected to grow significantly in the next five years. Some of the important initiatives by the Government of India that will accelerate the growth of this market are National Electric Mobility Mission Plan 2020, with a projection of getting 6-7 million electric vehicles on Indian roads by 2020 and target of 175 GW installation of renewable energy by 2022. JMK Research estimates the annual lithium-ion battery market in India to increase at a CAGR of 37.5% to reach 132 GWh in 2030. Cumulative lithium-ion battery market size is estimated to increase from 2.9 GWh in 2018 to reach to about 800 GWh by 2030.
With this report, JMK Research is highlighting the current state of the lithium-ion battery market in India,
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Table of Contents
- Introduction
- Lithium-ion battery technology
- Key components
- Price trends
- Types of lithium-ion batteries
- Global lithium-ion battery market growth
- Lithium-ion battery market growth in India
- Need for Recycling
- Managing Lithium-ion waste
- Short term solutions- Second life use
- Long-term solutions- Closed loop recycling
- Recycling challenges
- Market Opportunity: Battery recycling in India
- Regulatory and policy framework
- US
- European Union
- China
- Japan
- India
- Conclusion
Figures and Tables
Figure 1: Lithium-ion battery composition, %
Figure 2: Break-up of the raw material used in cell manufacturing of lithium-ion battery, %
Figure 3: Price trends of key raw materials used in lithium-ion batteries
Figure 4: Global lithium-ion battery market size, GWh
Figure 5: Lithium-ion battery market size in India, GWh
Figure 6: Metals and materials demand from lithium-ion battery packs in passenger EVs
Figure 7: Electric Vehicle battery life cycle illustration
Figure 8: Lithium-ion battery recycling companies across the globe
Figure 9: Lithium-ion battery recycling market in India, GWh
Table 1: Salient features of metals/ materials used in lithium-ion batteries
Table 2: Details of various Lithium-ion battery types
Table 3: Second life initiatives by automobile companies
Table 4: Percentage of various elements recovered in different industrial processes
Table 5: Overview of international lithium-ion battery regulations