India Secondary Battery Market Size & Outlook, 2026-2033
The secondary battery market in India is expected to reach a projected revenue of US$ 35,035.3 million by 2033. A compound annual growth rate of 23.6% is expected of India secondary battery market from 2026 to 2033.
- Energy & Power
- Energy Storage
- Secondary Battery Market Outlook
- Energy Storage
Revenue, 2025 (US$M)
$6,575.3
Estimate, 2026 (US$M)
$7,968.0
Forecast, 2033 (US$M)
$35,035.3
CAGR, 2026 - 2033
23.6%
Global Market
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India secondary battery market highlights
- The India secondary battery market generated a revenue of USD 6,575.3 million in 2025 and is expected to reach USD 35,035.3 million by 2033.
- The India market is expected to grow at a CAGR of 23.6% from 2026 to 2033.
- In terms of segment, lithium-ion was the largest revenue generating type in 2025.
- Nickel Metal Hydride is the most lucrative type segment registering the fastest growth during the forecast period.
Secondary battery market data book summary
| Market revenue in 2025 | USD 6,575.3 million |
| Market revenue in 2033 | USD 35,035.3 million |
| Growth rate | 23.6% (CAGR from 2026 to 2033) |
| Largest segment | Lithium-ion |
| Fastest growing segment | Nickel Metal Hydride |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium-ion, Lead acid, Nickel Metal Hydride |
| Key market players worldwide | LG Chem, Hitachi High-Technologies, Johnson Controls International PLC, BTI Biotechnology Institute, Amperex Technology, Panasonic Corporation, BYD Company, Samsung SDI Co Ltd GDR - 144A, Energizer Holdings Inc |
Other key industry trends
- In terms of revenue, India accounted for 3.5% of the global secondary battery market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China secondary battery market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 35,035.3 million by 2033.
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Publish Date: Jun 22, 2026
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Secondary Battery Market Scope
Secondary Battery Market segmentation & scope
Secondary Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | www.lgchem.com |
| Samsung SDI Co Ltd GDR - 144A | View profile | 12,452 | 150-20 Gongsero-ro, Giheung-gu, Gyeonggi-do, Yongin, Korea, Republic of | www.samsungsdi.co.kr |
| Energizer Holdings Inc | View profile | 5,080 | 533 Maryville University Drive, Saint Louis, MO, United States, 63141 | www.energizerholdings.com |
| BYD Company | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | en.byd.com |
| Amperex Technology | View profile | 5001-10000 | Ningde, Fujian, China, Asia | www.atlbattery.com/ |
| Hitachi High-Technologies | View profile | 10001+ | Schaumburg, Illinois, United States, North America | www.hitachi-hitec.com |
| Panasonic Corporation | View profile | - | - | - |
| BTI Biotechnology Institute | View profile | 251-500 | Vitoria-gasteiz, Pais Vasco, Spain, Europe | bti-biotechnologyinstitute.com/ |
India Secondary Battery Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Secondary Battery Market Outlook will help companies and investors design strategic landscapes.
Lithium-Ion was the largest segment with a revenue share of 95.39% in 2025.
Horizon Databook has segmented the India secondary battery market based on lithium-ion, lead acid, nickel metal hydride covering the revenue growth of each sub-segment from 2021 to 2033.
- India Secondary Battery Market Type Outlook (Revenue, USD Million , 2021-2033)
- Lithium-ion
- Lead acid
- Nickel Metal Hydride
- Others
- India Secondary Battery Market Application Outlook (Revenue, USD Million , 2021-2033)
- Motor Vehicles
- Industrial Batteries
- Portable Devices
- Electronics
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the India Secondary Battery Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Secondary Battery Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
India Secondary Battery Market, 2021-2033 (US$M)
India Type - Secondary Battery Market Statistics, 2025 - 2033 (US$M)
