India Lead-Acid Battery Market Size (2024 - 2029)

The lead-acid battery market in India is poised for growth, driven by increasing demand from sectors such as telecommunications and data centers, as well as applications in railways. Despite the moderate impact of COVID-19, the market has rebounded to pre-pandemic levels. However, the market's expansion may face challenges from alternative technologies like lithium-ion batteries, which are becoming more cost-effective and technically advanced. Nonetheless, advancements in lead-acid battery technology are anticipated to offer significant opportunities for market growth.

Home Market Analysis Energy & Power Research Battery Research Lead Acid Battery Industry in India Market Size

Market Size of India Lead-Acid Battery Industry

India Lead Acid Battery Market Summary
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

India Lead-Acid Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order

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
Need A Different Region Or Segment?
Customize Now

India Lead-Acid Battery Market Size Summary

The lead-acid battery market in India is poised for significant growth, driven by increasing demand from sectors such as telecommunications, data centers, and railways. The market has rebounded to pre-pandemic levels, with advancements in lead-acid battery technologies presenting new opportunities. The automotive sector, particularly the demand for starting, lighting, and ignition (SLI) batteries, is a major contributor to market expansion. The rise in automobile sales, fueled by increased disposable income, has further bolstered the demand for these batteries. Despite the emergence of lithium-ion batteries as a potential disruptor due to their cost-effectiveness and technical advantages, lead-acid batteries remain the preferred choice for conventional combustion engine vehicles in India.

The telecommunications industry, being the second-largest globally, significantly contributes to the demand for lead-acid batteries, especially for backup power in telecom towers. The expansion of 4G and upcoming 5G services, along with the growth of data centers, underscores the continued reliance on lead-acid batteries for power backup solutions. The market is moderately fragmented, with key players like Exide Industries Ltd, Amara Raja Batteries Ltd, and Luminous Power Technologies Pvt. Ltd. actively participating in market growth. While the market faces challenges from alternative technologies, the current demand dynamics and technological advancements are expected to sustain its growth trajectory in the coming years.

Explore More

India Lead-Acid Battery Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 1.3 Lead Price Analysis

    4. 1.4 Recent Trends and Developments

    5. 1.5 Government Policies and Regulations

    6. 1.6 Market Dynamics

      1. 1.6.1 Drivers

      2. 1.6.2 Restraints

    7. 1.7 Supply Chain Analysis

    8. 1.8 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 SLI (Start, Light, and Ignition) Batteries

      2. 2.1.2 Industrial Batteries

      3. 2.1.3 Other Applications

India Lead-Acid Battery Market Size FAQs

The India Lead-Acid Battery Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)

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.

Lead Acid Battery Market in India Report Snapshots

Lead Acid Battery Market in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)