India Battery Module and Pack Equipment Market was valued at US$ 345 million in 2024 and is projected to reach US$ 678 million by 2030, growing at a CAGR of 11.9% during the forecast period. This growth trajectory reflects the country’s accelerating transition toward electric mobility and renewable energy storage solutions. While the market remains dominated by established battery technologies, emerging chemistries are gaining traction as manufacturers seek higher energy density and faster charging capabilities.
Battery module and pack equipment encompasses the specialized machinery required for assembling, testing, and packaging battery cells into functional units for electric vehicles, consumer electronics, and industrial applications. The sector has gained strategic importance under India’s Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage, which mandates domestic manufacturing capacity creation.
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/278379/india-battery-module-pack-equipment-market-market-51
Market Overview & Regional Analysis
Southern India has emerged as the dominant hub, accounting for nearly 45% of manufacturing activity, primarily due to the presence of major automotive OEMs and electronics manufacturers in Tamil Nadu and Karnataka. Western states, particularly Gujarat and Maharashtra, follow closely with about 30% market share, benefiting from port connectivity and special economic zones. The northern belt, while growing, currently represents smaller installations concentrated around the National Capital Region.
The market demonstrates distinct cyclical patterns: equipment orders typically surge in Q2-Q3 as manufacturers prepare for the festive season demand. Regional disparities in growth rates are becoming apparent too – eastern states show the fastest adoption growth (18% CAGR), albeit from a smaller base, as the electronics manufacturing corridor expands into Odisha and West Bengal.
Key Market Drivers and Opportunities
The market’s expansion is driven predominantly by three factors: the PLI scheme’s manufacturing mandates, localization requirements under the FAME-II policy, and private sector investments in gigafactories. Automotive applications currently command 62% of equipment demand, followed by industrial applications (23%) and consumer electronics (12%). Energy storage systems, while presently a smaller segment, show the highest growth potential as India scales up its renewable energy capacity.
Opportunities abound in second-life battery applications and recycling equipment development. The standardization of battery pack designs across vehicle platforms presents another avenue for equipment manufacturers to develop modular solutions. Furthermore, the impending Bharat EV standards are expected to trigger another wave of equipment upgrades across manufacturing facilities.
Challenges & Restraints
The market faces several headwinds including inconsistent raw material supply chains that impact equipment utilization rates, skilled labor shortages in battery assembly operations, and intellectual property barriers in advanced welding and formation technologies. Import substitution remains challenging too – while Chinese equipment dominates the entry-level segment, European solutions lead in precision automation.
Technology transitions pose additional complexities. The shift from prismatic to cylindrical cell formats requires completely different assembly approaches. Furthermore, the nascent state of battery swapping infrastructure creates uncertainty about optimal pack designs, causing manufacturers to delay capital expenditure decisions.
Market Segmentation by Type
- Assembly Equipment
- Formation & Testing Systems
- Package & Handling Solutions
- Process Control Instrumentation
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/278379/india-battery-module-pack-equipment-market-market-51
Market Segmentation by Application
- Electric Vehicles (2W/3W/4W)
- Consumer Electronics
- Grid Storage Systems
- Industrial Backup Power
- Telecom Infrastructure
Market Segmentation and Key Players
- Tata AutoComp Systems
- Minda Industries
- Amara Raja Electronics
- Exide Industries
- Lucas TVS
- HBL Power Systems
- Okaya Power Group
- Base Batteries
- Su-Kam Power Systems
- Hyundai Mobis India
Report Scope
This comprehensive analysis covers the India Battery Module and Pack Equipment Market from 2024 to 2030, providing detailed insights into:
-
Market size trajectories across key states and applications
-
Technological adoption patterns by battery chemistry
-
Policy impact analysis under PLI and FAME-II schemes
The report includes detailed vendor analysis, examining:
-
Equipment specifications and capabilities
-
Regional distribution networks
-
After-sales service models
-
R&D investment patterns
A special section analyzes the impact of global trade shifts, including:
-
Geopolitical factors affecting equipment imports
-
Domestic manufacturing capacity developments
-
Joint venture and technology transfer trends
Get Full Report Here: https://www.24chemicalresearch.com/reports/278379/india-battery-module-pack-equipment-market-market-51
About 24chemicalresearch
Founded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.
- Plant-level capacity tracking
- Real-time price monitoring
- Techno-economic feasibility studies
With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries.
International: +1(332) 2424 294 | Asia: +91 9169162030
Website: https://www.24chemicalresearch.com/
Follow us on LinkedIn: https://www.linkedin.com/company/24chemicalresearch
- Top 10 Companies in the Southeast Asia Rubber Based Pressure Sensitive Adhesives Market (2025): Key Players Shaping Industry Growth - June 17, 2025
- Global Fused Silica Rods Market Research Report 2024(Status and Outlook) - June 17, 2025
- Sodium Fluorosilicate Market Global Outlook and Forecast 2024-2030 - June 17, 2025