Press Release

India Inverter Battery Market to Grow at an Impressive CAGR Due to Growing Electric Vehicle Industry

The India inverter battery market is expected to grow due to government initiatives and the increasing demand for electric as well as power outages and is expected to grow during the forecast period.


According to TechSci Research report, India inverter battery market - By Region, Competition, Forecast and Opportunities, 2018-2028, the India inverter battery market is expected to register robust growth during the forecast period, 2023-2028. Inverter batteries are a specialized type of rechargeable battery designed to cater to various needs, such as combating climate change, enduring extreme temperatures, and providing reliable power backup during extended outages. These batteries play a pivotal role in emergency power systems, offering an uninterrupted power supply. By converting direct current (DC) into conventional alternating current (AC), inverters enable the operation of a wide range of devices, including appliances, lamps, microwave ovens, kitchen appliances, TVs, radios, and more. The increasing popularity of AC power supply can be attributed to the growing use of large machines and devices that require higher voltage, which cannot be met by DC current alone.


Inverter batteries hold significant advantages for consumers, most notably their rechargeability, enabling faster charging and delivering substantial current output. This feature ensures a dependable power source for both residential and commercial applications. As businesses and individuals increasingly rely on uninterrupted power supply, the demand for inverter batteries has been driven by several key factors. Firstly, the rising frequency of power outages prompts individuals to invest in reliable backup solutions. Secondly, the growing awareness of climate change and its potential impact on electrical infrastructure encourages the adoption of resilient power systems. Lastly, the rapid technological advancements in the battery industry have made inverter batteries more efficient and cost-effective, thereby propelling market growth. As a result, the market for inverter batteries continues to expand, meeting the evolving needs of consumers seeking reliable and efficient power backup solutions.


Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on the "India inverter battery market."


The India inverter battery market is experiencing robust growth due to the increasing purchasing power of consumers and the global disparity between electricity supply and demand. Additionally, the rising number of photovoltaic installations and changing lifestyles of people residing in urban, rural, and remote areas are driving market expansion. Furthermore, the growing demand for electric vehicles and the declining tolerance of consumers for prolonged power outages are contributing factors to the market's upward trajectory.


The India inverter battery market is categorized into various segments, including type, application, sales channel, market type, rating, and region. With regards to application, the market is further divided into solar, vehicle, home appliances, and others. Among these applications, the solar segment emerged as the dominant force in the market in 2022 and is projected to maintain its position during the forecast period.


Solar cells play a vital role in powering households that rely entirely on solar energy. These batteries store electricity during the day, ensuring a continuous power supply to illuminate homes throughout the night. Furthermore, solar systems can serve as emergency backup solutions during power outages, effectively converting off-grid solar systems into reliable sources of energy. Rechargeable solar cells are employed to store surplus power in off-grid PV systems. Different types of batteries, such as wet cells, sealed cells, and gel cells, have varying requirements concerning temperature, mounting, and ventilation.


The adoption of energy storage solutions also has a profound impact on the dynamics of renewable energy supply and demand. As energy storage solutions advance, the integration of cleaner energy sources into the power ecosystem becomes more seamless. This flexibility enhances the generation and utilization of power, paving the way for a more sustainable and efficient energy landscape.


The India inverter battery market, with its diverse application segments and the increasing prominence of solar power, holds immense potential for growth. The market's development not only drives energy independence at the individual level but also contributes to the broader objective of achieving a cleaner and more sustainable energy future.


Key market players in the India inverter battery market: -

  • Exide Industries Limited
  • Luminous Power Technologies Pvt. Ltd
  • Amara Raja Batteries Limited
  • HBL Power Systems Limited
  • Southern Batteries Private Limited
  • V–Guard Industries Ltd.
  • Okaya Power Private Limited
  • Su-Kam Power Systems Limited
  • Base Corporation Limited
  • Genus Innovations Ltd.


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"The growth of the India inverter battery market is fueled by increased government investments and initiatives for electric vehicles. Additionally, the market benefits from the persistent issue of power outages in the country, where uninterrupted electricity supply is now essential for residential and commercial spaces. The presence of both online and offline resources has played a crucial role in driving the market to new heights." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.


India Inverter Battery Market Segmented By Type (Renewable, Non-Renewable), By Application (Solar, Vehicle, Home Appliances, Others), By Sales Channel (Direct, Indirect), By Market Type (OEM, Replacement), By Rating (Under 450W, 450W-1500W, Above 1500W), By Region, Competition, Forecast and Opportunities, 2028, has evaluated the future growth potential of India inverter battery market and provides statistics & information on market size, structure, and future market 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 of the India inverter battery market.


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