India Lead Acid Battery Market Overview, 2029

India Lead Acid Battery Market has accomplished massive growth and the market is anticipated to grow more in the upcoming years since a number of developments are taking place in the sector which is aiding the market to become one of the huge markets in the country. The Advanced Lead–Acid Battery Consortium (ALABC) play an essential role in the growth of the Lead Acid Battery Market in India as it has been working constantly on the promotion and development of lead-based batteries for sustainable markets like start–stop automotive systems, grid-scale energy storage applications, and hybrid electric vehicles (HEV). ALABC also works on the addition of carbon to the negative plates in order to extend the battery life and improve the lead-acid battery dynamic charge acceptance. Starting, lighting, and ignition (SLI) batteries have been in almost every car for the past 100 years. Generally, SLI batteries are used for short power bursts, such as starting a car engine or running light electrical loads. Moreover, these batteries supply extra power when the vehicle's electrical load exceeds the supply from the charging system (alternator) and act as a voltage stabilizer in the electrical system that evens out voltage spikes, thereby preventing them from damaging other components in the electrical system. Over the past few years, India has witnessed tremendous growth in per capita income. This, in turn, improved the level of disposable income. As a result, there has been a sharp increase in the sales of automobiles, particularly of the two and four-wheeler varieties. In October 2022, the Delhi high court rejected public interest litigation (PIL) that favored using lead-acid batteries in electric rickshaws. The bench also addressed that the acid battery is dangerous and is already used in various applications.

According to the research report "India Lead Acid Battery Market Overview, 2029," published by Bonafide Research, the India lead acid battery market is anticipated to grow at more than 10.19% CAGR from 2024 to 2029. The major factor attributing to the growth of the SLI battery market is the increasing demand for these batteries to power starter motors, lights, and ignition systems or other internal combustion engines with high performance, long life, and cost-efficiency. Lead-acid battery is the technology of choice for all SLI battery applications in conventional combustion engine vehicles, such as cars and trucks in India. The growing population, the age of digitalization, and the launch of 4G services were prominent factors for the growing subscriber base in India during the last decade, which is projected to witness substantial growth with the upcoming launch of 5G services across the country. With increasing subscribers, companies are required to increase the number of telecom towers in the country, which has created a considerable demand for lead-acid batteries for backup purposes. The increase in the data centers and tower installations during the forecast period is likely to drive the demand for lead-acid batteries, until a viable alternative comes up that can be used instead of lead-acid batteries for battery-based power backup purposes. The lithium-ion battery has been emerging as a viable alternative to the lead acid battery. Lithium-ion batteries are not expected to take over in the near future. In recent times, data centers have become an alternative real estate segment in the country, driving the market demand for lead-acid batteries. 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.

SLI batteries are predominantly used in the automotive sector for starting, lighting, and ignition systems. They are favored due to their reliability, cost-effectiveness, and ability to deliver high bursts of energy required for engine ignition. The growing automotive industry, particularly with the rise in vehicle sales and the expansion of internal combustion engine vehicles, drives the demand for SLI batteries. Regions with high automobile production, such as Maharashtra and Tamil Nadu, see significant usage of these batteries, contributing to their dominance in the market. Stationary batteries are primarily employed for backup power solutions in various sectors, including telecommunications, data centers, and renewable energy applications. The telecommunications industry, in particular, relies heavily on lead-acid batteries for backup power during outages, ensuring uninterrupted service. With India's increasing mobile penetration and expansion of telecom infrastructure, the demand for stationary batteries is robust. Additionally, the push for renewable energy, especially solar, has led to a growing need for energy storage solutions, further enhancing the market for stationary batteries. Motive batteries are primarily used in electric vehicles (EVs), forklifts, and other industrial applications. While they are gaining traction, their market share is relatively smaller compared to SLI and stationary batteries. However, with the government's focus on electric mobility, there is potential for growth in this segment. Regions with industrial hubs, such as Gujarat and Karnataka, are likely to see increased adoption of motive batteries as industries move towards automation and electric solutions.

Flooded lead-acid batteries are the traditional type, characterized by their open design and the need for regular maintenance, such as checking electrolyte levels. They are widely used in various applications, including automotive, industrial, and backup power systems. In India, flooded batteries are particularly favored in the automotive sector due to their cost-effectiveness and ability to deliver high surge currents, making them suitable for starting, lighting, and ignition (SLI) applications. Their robustness and lower initial cost make them a preferred choice for many consumers and businesses, especially in rural areas where maintenance can be managed effectively. VRLA batteries, including AGM (Absorbent Glass Mat) and gel types, are gaining traction in India due to their maintenance-free operation and enhanced safety features. These batteries are sealed, reducing the risk of electrolyte spillage and evaporation, which makes them suitable for applications where reliability and safety are paramount. VRLA batteries are increasingly used in telecommunications, data centers, and renewable energy systems, where uninterrupted power supply is critical. The rapid growth of the telecom sector in India, driven by the expansion of mobile networks and internet services, has significantly boosted the demand for VRLA batteries, particularly in urban regions where power reliability is essential.

The automotive sector is the largest consumer of lead-acid batteries in India, primarily for Starting, Lighting, and Ignition (SLI) applications. With a rapidly growing automobile industry, including passenger cars and commercial vehicles, lead-acid batteries are favored due to their reliability, cost-effectiveness, and ability to deliver high surge currents. The increasing vehicle production and sales, along with the necessity for dependable power sources in vehicles, ensure a sustained demand for these batteries. Lead-acid batteries are extensively used in UPS systems across various sectors, including residential, commercial, and industrial applications. They provide essential backup power during outages, ensuring the continuity of operations in critical sectors like healthcare, finance, and IT. The growing reliance on technology and the need for uninterrupted power supply in urban areas drive the demand for lead-acid batteries in UPS applications. The telecom industry is another significant segment for lead-acid batteries, where they serve as backup power sources for telecom towers during grid failures. With India's telecom sector being one of the largest globally, the expansion of mobile networks and the increasing number of subscribers necessitate reliable power solutions. Lead-acid batteries are crucial for maintaining connectivity, especially in rural areas where power supply is inconsistent. The others category includes applications in renewable energy systems, electric vehicles, and various industrial uses. Lead-acid batteries are employed for energy storage in solar power systems and in electric vehicles for auxiliary functions. The versatility and affordability of lead-acid batteries ensure their continued relevance across diverse applications in India, despite emerging competition from lithium-ion technologies.



COVID-19 impacts:
The elevator and escalator business has been significantly damaged in recent years as a result of lockdowns implemented in India due to the COVID-19 pandemic outbreak in December 2019. The COVID-19 epidemic has hindered the construction industry's expansion in recent years, generating delays that can be ascribed to various damaged supply chains. The elevator and escalator manufacturers, as well as the overall construction industry, are expected to face a number of challenges as most commercial projects are likely to be left incomplete or delayed due to supply chain disruptions, cash flow constraints, workforce unavailability, and production shutdowns. The demand for elevators and escalators is expected to rise in the coming years as various governments of India prepare to gradually lift the lockdowns. As the lockdowns progressively cease, the construction sector is expected to increase. As commercial developments resume throughout the world, demand for elevators and escalators is expected to rise in the upcoming years.

Considered in this report
• Geography: India
• Historic Year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• India Elevator & Escalator Market with its value and forecast along with its segments
• Application wise tire industry distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product:
• SLI (starting, lighting, and ignition)
• Stationary
• Motive

By Construction Method:
• Flooded
• Valve Regulated Sealed Lead–acid battery (VRLA)

By Application:
• Automotive
• UPS
• Telecom
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to elevator & escalator industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.