India Lead Acid Battery Market Outlook (2021-2027)

Market Forecast By Types (SLI (Starting Lighting Ignition), Stationary and Motive/Traction), By Construction Method (Flooded and VRLA), By Applications (Automotive, Telecommunications, UPS & Inverter, Electric Vehicles & Renewable Energy and Others), By Capacity (Up to 100 Ah, 100.1-200 Ah, 200.1-300 Ah and Above 300 Ah), By Regions (Northern, Western, Eastern and Southern) and Competitive Landscape

Product Code: ETC150148 Publication Date: May 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 80 No. of Figures: 23 No. of Tables: 4

India Lead Acid Battery Market report comprehensively covers the market by types, construction method, applications, end-users, and regions. The India Lead Acid Battery Market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/ high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Lead Acid Battery Market Synopsis

India Lead Acid Battery Market witnessed significant growth in recent years owing to its cost-effectiveness and high recyclability. The main drivers for lead acid battery in India are rising urbanization and increased focus on EVs by the government.  Although, Covid-19 outbreak resulted in a significant decline in lead acid market on the back of the falling commercial sector in India during 2020 and the decline in automobile production.

Growing advancement in technology coupled with the strengthening of the telecommunication sector is adding to the Lead Acid Battery Industry in India. Moreover, the growing energy generation and rising demand for its storage are also the key factors fostering the growth of the market.

However, the spread of Covid-19 in 2020 resulted in a slight decline in the India lead acid Market Growth owing to a decline in production of automobiles and the suspension of manufacturing plants during the lockdown period. Although, the demand for inverters and UPS saw a sudden rise during the year 2020 due to the adoption of work from a home culture which required people to install backup solutions at their homes for uninterrupted work.

India Lead Acid Battery MarketAccording to 6Wresearch, the India Lead Acid Battery Market is projected to grow at a CAGR of 6.5% during 2021-2027. The primary reason for the projected growth would be rising data centers in the country, requiring uninterrupted battery backup solutions. Additionally, increased government initiatives in electrifying mobility, for instance, various tax deductions and subsidies make the India EV landscape promising, where lead-acid market is heavily used and hence it would increase market revenues during the forecast period.

India Lead Acid Battery Market

Market by Applications Analysis 

in terms of applications, the transportation segment has captured above 50% of the market revenues in 2020.  Transportation has dominated the India lead acid battery market Share in terms of application owing to the large population of the country and the rising Indian automobile sector. About 22 million units of vehicles were produced in FY 2021 in the country which has augmented the lead-acid battery market in India. This trend is expected to persist in the coming years as well with the production of electric vehicles in India in addition to the internal combustion engine cars produced in India.

 

India Lead Acid Battery Market

Market by End Users Analysis

In India Lead Acid Battery market, passenger vehicle battery has led the overall market revenues accounting for more than 30% of the market revenues in 2020. Passenger vehicles were the highest revenue-generating segment for the lead-acid battery market of India in 2020 owing to the large number of passenger vehicles produced in the country in the respective year. Moreover, the battery replacement market for passenger vehicles also pushed the lead-acid battery market of the country in 2020.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2020.
  • Base Year: 2020
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.

Key Highlights of the Report

  • India Lead Acid Battery Market Overview
  • India Lead Acid Battery Market Outlook
  • India Lead Acid Battery Market Forecast
  • Historical Data and Forecast of India Lead Acid Battery Market Revenues for the Period 2017-2027F
  • Historical Data and Forecast of India Lead Acid Battery Market Revenues By Types, for the Period 2017-2027F
  • Historical Data and Forecast of India Lead Acid Battery Market Revenues By Construction Method, for the Period 2017-2027F
  • Historical Data and Forecast of India Lead Acid Battery Market Revenues, By Applications, for the Period 2017-2027F
  • Historical Data and Forecast of India Lead Acid Battery Market Revenues, By End Users, for the Period 2017-2027F
  • Historical Data and Forecast of India Lead Acid Battery Market Revenues, By Regions, for the Period 2017-2027F
  • Market Drivers
  • Market Restraints
  • Market Trends
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Market Player’s Revenue Shares
  • Market Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types:

  • Starting Lighting and Ignition (SLI)
  • Motive
  • Stationary

By Construction Method:

  • Flooded
  • Sealed

By Applications:

  • Transportation
  • Industrial
  • Others (Residential and Commercial)

By End Users:

  • Commercial Vehicle Battery
  • Passenger Vehicle Battery
  • Inverter Battery
  • Others (Telecom, Railways, and other industries)

By Regions:

  • Northern Region
  • Southern Region
  • Eastern Region
  • Western Region

Frequently Asked Questions About the Market Study:

  • Does the report consider COVID-19 impact?
    The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
  • How much growth is expected in the India Lead Acid Battery Market over the coming years?
    The India Lead Acid Battery Market revenue is anticipated to record a CAGR of 6.5% during 2021-27.
  • Which segment has captured key share of the market?
    The segment, Starting Lighting and Ignition has dominated the market revenues led by usage across the automobile sector.
  • Which segment is exhibited to gain traction over the forecast period?
    Motive lead acid batteries would record key growth throughout the forecast period 2021-27.
  • Who are key the key players of the market?
    The key players of the market include- Exide Industries Ltd., Amara raja Group, Luminous Power Technologies Pvt. Ltd., Livguard Energy Technologies Pvt Ltd, OKAYA Power Group and HBL Power Systems Ltd.
  • Is customization available in the market study?
    Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements
  • We also want to have market reports for other countries/regions.
    6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs.
1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of the Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. India Lead Acid Battery Market Overview
3.1 India Lead Acid Battery Market Revenues and Volume, 2017-2027F
3.2 India Lead Acid Battery Market Industry Life Cycle
3.3 India Lead Acid Battery Market Porter’s Five Forces
4. Impact Analysis of Covid-19 on India Lead Acid Battery Market
5. India Lead Acid Battery Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. India Lead Acid Battery Market Trends
7. India Lead Acid Battery Market Overview, By Types
7.1 India Lead Acid Battery Market Revenues Share, By Types, 2020 & 2027F
7.2 India Lead  Acid Battery Market Revenues, By Types
7.2.1 India Starting Lighting and Ignition (SLI) Lead Acid Battery Market Revenues, 2017-2027F
7.2.2 India Stationary Lead Acid Battery Market Revenues, 2017-2027F
7.2.3 India Motive Lead Acid Battery Market Revenues, 2017-2027F
8. India Lead Acid Battery Market Overview, By Construction Method
8.1 India Lead Acid Battery Market Revenue Share, By Construction Method, 2020 & 2027F
8.1.1 India Flooded Lead Acid Battery Market Revenues, 2017-2027F
8.1.2 India Sealed Lead Acid Battery Market Revenues, 2017-2027F
9. India Lead Acid Battery Market Overview, By Applications
9.1 India Lead Acid Battery Market Revenue Share, By Applications, 2020 & 2027F
9.2 India Lead Acid Battery Market Revenues, By Applications, 2017-2027F
9.2.1 India Transportation Lead Acid Battery Market Revenues, 2017-2027F
9.2.2 India Industrial Lead Acid Battery Market Revenues, 2017-2027F
9.2.3 India Other Applications Lead Acid Battery Market Revenues, 2017-2027F
10. India Lead Acid Battery Market Overview, By End Users
10.1 India Lead Acid Battery Market Revenue Share, By End Users, 2020 & 2027F
10.2 India Lead Acid Battery Market Revenues, By End Users, 2017-2027F
10.2.1 India Passenger Vehicle Lead Acid Battery Market Revenues, 2017-2027F
10.2.2 India Commercial Vehicle Lead Acid Battery Market Revenues, 2017-2027F
10.2.3 India Inverter Lead Acid Battery Market Revenues, 2017-2027F
10.2.4 India Other Lead Acid Battery Market Revenues, 2017-2027F
11. India Lead Acid Battery Market Overview, By Regions
11.1 India Lead Acid Battery Market Revenue Share, By Regions, 2020 & 2027F
11.2 India Lead Acid Battery Market Revenues, By Regions, 2017-2027F
11.2.1 India Northern Region Lead Acid Battery Market Revenues, 2017-2027F
11.2.2 India Southern Region Lead Acid Battery Market Revenues, 2017-2027F
11.2.3 India Western Region Lead Acid Battery Market Revenues, 2017-2027F
11.2.4 India Eastern Region Lead Acid Battery Market Revenues, 2017-2027F
12. India Lead Acid Battery Market Key Performance Indicators
13. India Lead Acid Battery Market Opportunity Assessment
13.1 India Lead Acid Battery Market Opportunity Assessment, By Types (2027F)
13.2 India Lead Acid Battery Market Opportunity Assessment, By Applications (2027F)
13.3 India Lead Acid Battery Market Opportunity Assessment, By End Users (2027F)
13.4 India Lead Acid Battery Market Opportunity Assessment, By Regions (2027F)
14. India Lead Acid Battery Market Competitive Landscape
14.1 India Lead Acid Battery Market Revenue Share, By Company (2020)
14.2 India Lead Acid Battery Market Competitive Benchmarking, By Technical Parameters
14.3 India Lead Acid Battery Market Competitive Benchmarking, By Operational Parameters
15. Company Profiles
15.1 Exide Industries Ltd.
15.2 Amara Raja Group
15.3 Luminous Power Technologies Pvt. Ltd.
15.4 HBL Power Systems Ltd.
15.5 Jayachandran Industries Ltd
15.6 Livguard Energy Technologies Pvt Ltd
15.7 OKAYA Power Group
15.8 True Power Systems LLP
16. Key Strategic Recommendations
17. Disclaimer
List of Figures
Figure 1. India Lead Acid Battery Market Revenues, 2017-2027F (INR Crores)
Figure 2. India Automobile Production, 2015-2021 (Million units)
Figure 3. Number of telecom towers in India, 2019-2024F (Thousand Units)
Figure 4. India data center market size, 2020-2026F (Thousand Crores)
Figure 5. India’s colocation data center market size, 2020 H1 -2025F (MW)
Figure 6. Vehicle retail sales, July 2019 vs July 2021 (Thousand Units)
Figure 7. India Lead Acid Battery Market Revenue Share, By Types, 2020 & 2027F
Figure 8. India Lead Acid Battery Market Revenue Share, By Construction Method, 2020 & 2027F
Figure 9. India Lead Acid Battery Market Revenues, By Flooded Construction Method, 2017-2027F (INR Crores)
Figure 10. India Lead Acid Battery Market Revenues, By Sealed Construction Method, 2017-2027F (INR Crores)
Figure 11. India Lead Acid Battery Market Revenue Share, By Applications, 2020 & 2027F
Figure 12. India Lead Acid Battery Market Revenue Share, By End Users, 2020 & 2027F
Figure 13. India Lead Acid Battery Market Revenue Share, By Regions, 2020 & 2027F
Figure 14. India Automobile Industry Market Size, 2020-2026F (Lakh Crores)
Figure 15. City wise IT load capacity as of H1 2021 (MW)
Figure 16. Total Tower Count, License Service Area Wise, as of July 2019 (Units)
Figure 17. Residential Unit Sales in key cities of India, Q3 2020-Q1 2021 (Units)
Figure 18. India Lead Acid Battery Market Opportunity Assessment, By Types, 2027F
Figure 19. India Lead Acid Battery Market Opportunity Assessment, By Applications, 2027F
Figure 20. India Lead Acid Battery Market Opportunity Assessment, By End Users, 2027F
Figure 21. India Lead Acid Battery Market Opportunity Assessment, By Regions, 2027F
Figure 22. India Lead Acid Battery Market Revenue Share, By Companies, 2020
Figure 23. India Electric Vehicle Sales, FY 2015-16 to FY 2019-20 (Units)
List of Tables
Table 1. India Lead Acid Battery Market Revenues, By Types, 2017-2027F (INR Crores)
Table 2. India Lead Acid Battery Market Revenues, By Applications, 2017-2027F (INR Crores)
Table 3. India Lead Acid Battery Market Revenues, By End Users, 2017-2027F (INR Crores)
Table 4. India Lead Acid Battery Market Revenues, By Regions, 2017-2027F (INR Crores)
 
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