India Lead Acid Battery Market to Grow at a CAGR of 6.80% During the Forecast Period, 2025-2029

Rising demand for continuous power supply from various sectors including datacenter, telecom, automobile, and others are driving the India lead acid battery market, across the country.

According to the TechSci Research report, “India Lead Acid Battery Market – By Region, Competition, Forecast and Opportunities, 2029” there are various factors attributed to the market growth in the upcoming years, for instance, increasing demand for continuous power from the telecom industry, automotive industry, government’s focus on rising the manufacturing of electric vehicles including automotive, electronic two wheeler vehicles, etc. The demand of data centers in India is rapidly increasing over the past 5 years. Lead acid batteries are widely used in data centers as a reliable source of power backup, providing sufficient runtime for critical systems during power fluctuations or outages. Therefore, high demand in data center industries is expected to drive the growth of the India lead acid battery market during the forecast period.

The increasing involvement of automobile manufacturers is playing a consequential part in stimulating the trend for the lead acid battery market in India. Automobile manufacturers have acknowledged the potential of vehicles in the Indian market and are financing laboriously in research and development to produce more efficient and affordable vehicles. The sudden increase in sales of automotive vehicles after Covid-19 promoted the market of Lead acid batteries in India, with their proven track record and cost-effectiveness, as it emerged as a preferred choice for automobile manufacturers. Since lead acid batteries are widely used in vehicles due to their reliability and affordability, automobile manufacturers are capitalizing on this and increasing their involvement in the lead acid battery market. The present generation is switching their old ICE two-wheelers to new electric scooters. This shift is propelled by a multitude of factors, including environmental concerns, government initiatives, and evolving consumer preferences. Here, the lead acid battery market is experiencing a significant surge in demand, as batteries play a crucial role in powering machines. Thus, leading the India lead acid battery market to grow.

Additionally, the Indian government has undertaken many programs and investments to offer cheap housing to its residents. For instance, The Pradhan Mantri Awas Yojana (PMAY), which aimed to provide affordable housing for the urban poor, the Credit Linked Subsidy Scheme (CLSS), which offers interest subsidies to eligible beneficiaries for buying or building a house, and the Affordable Rental Housing Complexes (ARHC) scheme, which aims to provide affordable rental housing for the urban poor and migrant workers, are some of the significant steps that have been taken in this regard. Therefore, the electricity supply requirement is likely to increase during the upcoming years. Therefore, the demand for lead acid battery market is anticipated to rise in the forecast period.

Browse over 24 market data Figures spread through 133 Pages and an in-depth TOC on the "India Lead Acid Battery Market."

The India lead acid battery market is segmented into product type, construction method, technology, application, and region. Based on product type, the market is segmented into SLI, stationary, and motive. Based on construction method, the market is segmented into flooded and VLRA. Based on technology, the market is segmented into basic and advanced lead acid. Based on application, the market is segmented into transportation, industrial, commercial, residential, and others. Additionally, India lead acid battery market studies regional segmentation among north India, south India, west India, and east India.

Based on product type. SLI (Starting, Lighting, Ignition) dominated the India lead acid battery market in terms of product type, accounting for the market share of 51.03% in 2023. This segment is expected to maintain its dominance in the forecast period, due to the constant expansion of automotive industry in the country. Additionally, Asia’s one of the largest SLI battery manufacturers, Camel has arrived in the Indian market. It is likely to increase the production of SLI batteries in India. Hence, the India lead acid battery market is anticipated to grow further in the forecast period.

Based on application, the transportation application in India lead acid battery market is currently valued at USD 2,277.54 million with a market share of 50.66% in 2023. It is projected to reach USD 3,195.76 million by the end of 2029, exhibiting a CAGR of 6.08% in value terms during the period of 2024 to 2029. Moreover, the transportation application is expected to maintain its market dominance in the forecast year with a market share of 48.67% in the India lead acid battery market by 2029. Engaging with government authorities and policymakers to promote favorable policies and incentives for the adoption of electric vehicles and related infrastructure. Advocating for subsidies, tax benefits, and support schemes specifically for lead-acid batteries can incentivize consumers and businesses to choose products over other battery technologies.

Key market players in the India lead acid battery market include:

• Exide Industries Limited
• Amara Raja Batteries Limited
• Luminous Power Technologies Pvt. Ltd
• Okaya Power Private Limited
• HBL Power Systems Limited
• Jayachandran Industries Private Limited
• Leoch Batteries India Pvt Ltd
• Livguard energy technologies Pvt Ltd
• Tata AutoComp GY Batteries Private Limited
• Microtex Energy Private Limited

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“India lead acid battery market is expected to register a high CAGR owing to rising populations and urbanization, increasing demand of power supply, government focuses on rising usage of electric vehicles (EVs), and others. The Indian government has played a pivotal role in nurturing the lead acid battery industry. Policies such as Make in India, Atmanirbhar Bharat (self-reliant India), and the National Electric Mobility Mission Plan have provided impetus to the sector. National Smart Grid Mission and few small grid pilot projects play an important role for battery installation in various applications such as load balancing, ancillary services, and grid storage. Thus, it creates a significant demand for lead-acid batteries in India. Additionally, the increase in data centers and tower installations during the forecast period is likely to drive the demand for lead-acid batteries across the country. Therefore, the market for lead acid battery across the country is expected to rise in the forecast period, 2025-2029F.” said Mr Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Lead Acid Battery Market By Product Type (SLI, Stationary, and Motive), By Construction Method (Flooded, VLRA), By Technology (Basic, Advanced Lead Acid), By Application (Transportation, Industrial, Commercial, Residential, and Others), By Region, Competition, Forecast and Opportunities, 2029F”, has evaluated the future growth potential of an India lead acid battery market and provides statistics and information on market structure, size, share, and future growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the India lead acid battery market.

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