Market Size of India Lead-Acid Battery Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 9.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Lead Acid Battery Market Analysis
The India lead-acid battery market is expected to register a CAGR of more than 9% during the forecast period.
COVID-19 moderately impacted the market in 2020. Currently. The market has reached pre-pandemic levels.
- Over the medium period, the growing demand from telecommunication and data centers, coupled with the increasing applications in industries such as railways, are expected to drive the market during the forecast period.
- On the other hand, alternate technologies, mainly lithium-ion, are expected to disrupt the market growth, primarily owing to their decreasing costs and technical advantages.
- New advancements in lead-acid battery technologies are expected to create immense opportunities for the Indian lead-acid battery market.
India Lead Acid Battery Industry Segmentation
The lead-acid battery is a rechargeable battery that consists of two electrodes submerged in an electrolyte of sulfuric acid. The positive electrode is made of grains of metallic lead oxide, while the negative electrode is attached to a grid of metallic lead.
The India lead-acid battery market is segmented by application. By application, the market is segmented into SLI (start, light, and ignition) batteries, industrial batteries, and other applications. For each segment, the market sizing and forecasts have been done on revenue (USD billion).
| Application | |
| SLI (Start, Light, and Ignition) Batteries | |
| Industrial Batteries | |
| Other Applications |
India Lead-Acid Battery Market Size Summary
The India lead-acid battery market is anticipated to witness a significant growth rate in the coming years. This growth is driven by increasing demand from various sectors such as telecommunications, data centers, and railways. However, the emerging lithium-ion technology, with its lowering costs and technical advantages, poses a potential challenge to the market growth. Despite this, the ongoing advancements in lead-acid battery technologies are expected to create ample opportunities for the market in India. In particular, the market is dominated by the application of Starting, Lighting, and Ignition (SLI) batteries, primarily used in the automotive sector. The growth in the disposable income of Indians has led to a surge in automobile sales, thereby increasing the demand for SLI batteries. Additionally, the demand for lead-acid batteries in the telecommunication and data center applications is on the rise. The increasing number of telecom subscribers and the growth of data centers in the country are contributing to this demand. The market is moderately fragmented with several key players contributing to the market growth.
Explore MoreIndia Lead-Acid Battery Market Size - Table of Contents
-
1. MARKET SEGMENTATION
-
1.1 Application
-
1.1.1 SLI (Start, Light, and Ignition) Batteries
-
1.1.2 Industrial Batteries
-
1.1.3 Other Applications
-
-
India Lead-Acid Battery Market Size FAQs
What is the current India Lead-Acid Battery Market size?
The India Lead-Acid Battery Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)
Who are the key players in India Lead-Acid Battery Market?
Exide Industries Ltd, Amara Raja Batteries Ltd, HBL Power Systems Ltd, Jayachandran Industries (P) Ltd and Luminous Power Technologies Pvt. Ltd are the major companies operating in the India Lead-Acid Battery Market.
