India UPS Battery Market to Grow at a CAGR of 11.36% during the Forecast Period, 2025-2029

Increasing power interruption issues and high electricity demand are likely to propel the India UPS battery market.

According to TechSci Research report, “India UPS Battery Market –By Region, Competition, Forecast and Opportunities, 2029”, the India UPS battery market was valued at USD 139.65 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 11.36% due to prevalent power interruption issue, various government initiatives, and rising high demand for electricity, among others.

The UPS battery market in India is likely to grow in the upcoming years due to the growing power shortage system demand in the country, the UPS battery market is indisputably growing with advanced technologies & methodologies being integrated and implemented. Despite the implementation of several government policies, emerging economies are still not able to meet the target to become electricity-surplus nations. Since the deployment of UPS battery systems is inevitable. For example, the union government is implementing various initiatives to introduce UPS systems for strong power backup solutions as in India power cut is very common. For instance, the smart cities mission was launched in 2014 by the Union government and aimed to promote a sustainable and wide range of cities that offer fundamental infrastructure and a fair quality of life for their residents, as well as a clean and sustainable environment and the use of "smart" solutions.

Furthermore, the National Solar project has driven solar-based backup power solutions, which creates upsurge in demand for power in urban and rural areas. It also contributes considerably to the growth of the UPS battery market in the nation.

Browse over 37 Market Data Figures spread through 127 Pages and an in-depth TOC on "India UPS Battery Market.”

India UPS battery market is segmented into type, mode, application, size, and region. Based on type, the market is segmented into lead-acid, lithium-ion, nickel cadmium, and others. Based on mode, the market is segmented into installation, replacement, and maintenance & service. Based on application, the market is segmented into data centers, manufacturing, IT/Ites, healthcare, housing complexes, BFSI, railways, telecom, MSMEs, travel & tourism, SOHOs, and others. Based on the size, the market is segmented into small battery and medium battery. Whereas the small battery sub-segment is further fragmented into 7Ah, and 12Ah. Additionally, the medium battery sub-segment is further fragmented into 24Ah, 42Ah, 65Ah, 100Ah, and 200Ah. Based on region, the market is segmented into South India, North India, West India, and East India.

Based on type, the lead-acid battery type in the India UPS battery market was valued at USD 71.95 million in 2023 and is expected to grow with a CAGR of 12.38% during the forecast period. Thereby, the lead-acid segment dominates the India UPS battery market with the largest market share. The lead-acid batteries have a proven track record for reliability when used in a UPS system. In large power applications (extensive databases), where weight isn’t the overriding concern, they provide the most economical choice for business. These UPS battery systems offer excellent performance and efficiency with low internal impedance, high tolerance, and attractive acquisition costs.

Based on region, the South India region accounted for the largest share of 33.49% in the India UPS battery market in 2023. This segment is expected to maintain its market dominance in the forecast period, owing to the presence of several investments and initiatives that have contributed to the rise of the market in the region. The rising investment in the IT, cloud computing, data center, and manufacturing industry under various government policies like Make in India, Digital India, and Atmanirbhar Bharat initiatives are some of major factors driving the growth of the India UPS battery market.

However, the power cuts and irregular power supply pose significant challenges to industries and businesses that rely heavily on good quality electricity for smooth operations.

Major market players operating in the India UPS battery market are:

• Exide Industries Limited
• Amara Raja Batteries Limited
• Luminous Power Technologies Pvt. Ltd
• Su-Kam Power Systems Limited
• HBL Power Systems Limited
• Okaya Power Private Limited
• V-Guard Industries Ltd
• Fujiyama Power Systems Pvt Ltd
• Jayachandran Industries Private Limited
• Green Vision Technologies Private Limited

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“India UPS battery market stood at USD 139.65 million in 2023 and is expected to register a CAGR of 11.36% during 2024-2029. The increasing demand for UPS systems is being driven by the rising adoption of data centers, telecom networks, industrial automation systems, rising population & urbanization, and rising demands for continuous power supply among others. Furthermore, the number of cloud-based networks is increasing, which can be attributed to higher levels of integration as companies around the world now move to cloud-based networks instead of maintaining their own infrastructure. In addition, increased investment and application of artificial intelligence, internet of things (IoT), and machine learning are transforming sectors such as Industry 4.0, fintech, digital infrastructure, and communication. These factors are helping in UPS battery market growth, as more people are moving towards new UPS battery installation. Therefore, above mentioned factors are likely to propel the demand for UPS battery in the upcoming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India UPS Battery Market Segmented By Type (Lead-Acid, Lithium Ion, Nickel Cadmium, Others), By Mode (Installation, Replacement, Maintenance & Service), By Application (Data Centers, Manufacturing, IT/ITes, Healthcare, Housing Complexes, BFSI, Railways, Telecom, MSMEs, Travel & Tourism, SOHOs, Others), By Size (Small Battery{7Ah, 12Ah}, Medium Battery{24Ah, 42Ah, 65Ah, 100Ah, 200Ah}), By Region, Competition, Forecast and Opportunities, 2029”, has evaluated the future growth potential of India UPS 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 in India UPS battery market.