India Lead Acid Battery Market Size, Share & Trends Analysis Report By Type (Flooded and VRLA {AGM, GEL}), By Applications (SLI, Stationary, E-Bikes, Low Speed EVs, and Others), Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast Till 2032. The report offers the value (in USD Billion) for the above segments.

Market forecast (2024-2032):

The India Lead Acid Battery market size was valued at USD 46.02 Billion in 2023 and is projected to reach USD 70.4 Billion by 2032, growing at 4.90% CAGR from 2024 to 2032.

The market for lead by acid batteries in India is anticipated to expand rapidly as a result of advancements in technology for storing energy. In 2016 over 49% of India s a  green house gas emissions came from the energy and transportation sectors. Over the course of the next ten years of lithium ion batteries a kind of energy storage technology are anticipated to gain popularity.

India is peak on energy demand is projected to reach 334 gigawatts (GW) by 2030 requiring a total of 2,229 billion units (BU) of electricity. Reducing carbon emissions in the power and transportation industries is important for fighting global warming. India announced its aggressive 2030 targets at the UN Climate Change Conference. These included a reduction of less than 45% in carbon intensity a decline of one billion tons in anticipated carbon emissions and a rise to 500 GW in non fossil energy capacity. It is anticipated that 50% of the electricity will originate from renewable sources by 2030.

The market for battery recycling is anticipated to reach 22–23 gigawatt hours (GWh) by 2030 and the lithium-ion battery sector in India is predicted to increase significantly between 2022 and 2023. The market for lithium ion batteries is expected to develop at a pace of 35.5% annually from 2.9 GWh in 2018 to around 132 GWh by 2030.

Advanced chemistry cell (ACC) batteries will be essential to the development of low-carbon energy and transportation systems in the future. India  domestic ACC battery manufacturing sector is expanding quickly because to government initiatives. Increasing local manufacturing depends on key mineral supply chains that include spherical graphite for battery electrodes, cobalt, nickel, and lithium. The finding of lithium reserves in Jammu & Kashmir and Degana, Rajasthan presents an important chance for local lithium production in India. It is predicted that these deposits will cover around 80% of India's overall lithium needs.

Lithium-Ion Battery (LIB) Manufacturing Industry

By 2030, India would require 903 GWh of energy storage, spread over a variety of technologies including solid-state batteries, redox flow batteries, and lithium-ion batteries. From 20 GWh in 2022 to 220 GWh by 2030, India in lithium ion battery market is anticipated to expand at a 50% yearly pace. Indian businesses are currently concentrating on producing battery cells. But as more cell manufacturing facilities open in India the attention towards will probably turn to make others important battery components. This includes making graphite for anodes and cathodes, electrolytes, separators and current collectors. Depending on whether they are used in laptops or mobile phones these batteries have different sizes and shapes. India is focusing on establishing its own extraction and production of important minerals in order to lessen its reliance on imports and improve global supply networks. In order to contribute to the development of dependable and varied supply chains for these vital minerals in India has joined the US led Mineral Security Partnership (MSP). India is advancing government to government (G2G) cooperative exploration and mining ventures with friendly nations. The Indian government established KABIL to purchase mining holdings overseas and arrange G2G agreements in order to guarantee a consistent supply of essential minerals.

Market Drivers

Growing Need for Datacenter and Telecommunication Applications

With 1.17 billion users as of August 2022, India's telecom market is the second largest in the world. Stationary batteries are frequently used in standby or emergency power applications because they are temporary and don't take up much storage space. This makes lead acid batteries a realistic choice for the telecom sector. India has seen an important rise in phone users over the past ten years as a result of population growth, increased digitization and the roll out of 4G services. It is thought that this growth would continue with the 5G services. Lead-based backup batteries are more in demand as a result of businesses having to construct more cellphone towers to accommodate the growing number of phone users. The GSM Association (GSMA) states that Indian mobile economy is expanding quickly and is anticipated to have a major effect on the GDP of the nation. As e-commerce and digitalization grow lead acid battery manufacturers should see an increase in their market share nationwide. With 1,170.18 million phone subscribers as of November 2022 India ranked second globally in terms of telecom market size. Both wired and wireless internet users make up the growing number of subscribers. Tele density was 84.61% in November 2022 with 825.38 million internet users. In view of the growth of data centers and tower installations, lead acid battery demand is anticipated to increase during the projection period is until a more suitable lead acid battery substitute is discovered. Although lithium ion batteries are growing increasingly popular and lead acid batteries are not anticipated to be completely replaced by them anytime soon. Lead acid battery use has increased recently as data centers have grown in popularity in India. India had 138 data centers and more than 502 service providers by 2022.

Market Road Ahead for 2024-2032

• While these elements are difficult to find the lithium, nickel, cobalt and manganese are essential for creating the active cathode materials for lithium ion batteries. the battery cell manufacturing sector will require 193,000 tonnes of cathode active material, 982,000 tonnes of anode active material, 912,000 tonnes of aluminum, 412,000 tonnes of copper and 8,000 tonnes of LiPF6 electrolyte material in order to create 100 gigawatt-hours (GWh) of batteries by 2030.
• India has to improve its control over the supply chain for lithium ion batteries because it now lacks the infrastructure and experience required. There will be a sharp rise in demand for energy storage technologies since they are anticipated to play a major role in the world wide drive to cut carbon emissions.
• India should be working to develop into a significant manufacturing hub in along with targeting to satisfy domestic demand. It's critical to maintain right mineral pricing in order to maintain global competitiveness.
• Indian foreign policy need to adjust to the demands of the present and give strategic initiatives in important fields the highest priority. India may lessen its reliance on importing battery components by concentrating on R&D the process improvement and recycling. Quick development of new courses and programs is required of educational institutions in order to prepare students for the expanding employment market in this punishment.

Market Government Initiatives Propelling the Market

FAME-II Scheme

• In 2015, this plan included the introduction of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) project. With a total financial assistance of Rs. 10,000 crore (US$ 1.20 billion), the Ministry of Heavy Industries has started implementing the (FAME India) Scheme Phase-II over a five-year term starting on April 1st, 2019. Increasing the electrification of shared and public transport is the main objective of this phase, which aims to assist 5,00,000 e-3 Wheelers, 7,090 eBuses, 55,000 e-4 Wheeler Passenger Cars and 10,00,000 e-2 Wheelers through demand incentives. The budget contains upfront incentives to reduce the cost of buying a car as well as money for the building of charging stations.

Production Linked Incentives (PLIs) for Advance Chemistry Cells (ACC)

• This incentive program, which aims to build a local manufacturing capacity of 50 GWh of ACC and 5 GWh of planned speciality ACC capacity has received funding from the government of about US$ 2.5 billion. With the goal of increasing exports and creating economies of scale the program will assist major domestic and foreign firms in establishing a competitive ACC battery manufacturing in India. The government has agreements in place with three bidders Reliance New Energy Solar, Ola Electric and Rajesh Exports to receive incentives under the initiative. 2023 Union Budget

2023 Union Budget

• Basic exemption from customs duties on the importation of vehicle parts and subsystems as well as machinery used in the production of lithium ion batteries used in electric vehicles.
• Lithium ion battery customs duties will drop from 21% to 13%.
• Electric car and hybrid battery concessional basic customs duties are being extended.
• More funds have been set aside to facilitate the recycling of used automobiles.
• Promoting the production of bio gas and renewable hydrogen is the main focus.

Regulations for the Waste Management of Batteries

• In 2022 the Ministry of Environment, Forests and Climate Change introduced the Battery Waste Management Rules to ensure that battery waste is handled in an environmentally friendly way.
• Rules promote new businesses and start ups in battery collection, recycling and repair. The recycling and re furbishment sector will benefit from modern technologies also investments and business opportunities because of these guide lines which is focus on recovering materials from used batteries.
• The Ministry of Electronics and Information Technology(MeitY) in collaboration with the Telangana government and Greenko Energies Private Ltd. and developed new technologies at the "Centre of Excellence on E-waste Management" located at the Centre for Materials for Electronics Technology(C-MET) in Hyderabad.

Battery Swapping Policy (Draft)

• The battery switching policy was developed by NITI Aayog with the goal of providing services that prioritize customer demands while making better use of resources such as public monies, land and materials required for advanced batteries. The program provides same incentives for electric cars (EVs) equipped with inter changeable batteries as it does for EVs with factory installed permanent batteries. The battery kWh rating and how well it matches the EV will determine how much of the reward is given.

Market Restraint

Emerging and Existing Alternatives Available in the Market

Despite the low cost of standard lead-acid batteries, the worldwide market is looking forward to new technologies that will allow them to have long term energy potential. A few disadvantages of lead-acid batteries may be the cause of this. Among these include the weight, the length of the charging process, the possibility of chemical burns and the existence of flammable gases. To replace lead acid batteries, manufacturers are creating lithium ion, nickel and zinc based batteries. Lead acid batteries are not up to par and the market for these batteries is growing.

Report Coverage

The report will cover the qualitative and quantitative data on the India Lead Acid Battery Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Segmentation Analysis

The market scope is segmented because of by Type, by Application.

By Type

Based on the Type of the market is segmented into Flooded and VRLA {AGM, GEL}.

The Indian market is dominated by the flooded category which is predicted to grow at a CAGR of 5.01% over the course of the forecast period. Major users of these batteries include nuclear and diesel electric submarines which depend on flooded lead-acid batteries as a backup power supply for electric motors. Consequently, during the anticipated term, increasing marine commerce operations would probably offer flooded lead-acid batteries with promising growth potential.

By Applications

Based on the Applications of the market is segmented into SLI, Stationary, E-Bikes, Low Speed EVs, and Others.

With the largest market share, the SLI category is predicted to grow at a CAGR of 5.10% over the course of the projected period. The main advantages of SLI batteries are their long cycle life and reduced weight in automobiles. As a result, the rise in car sales is driving the growth of SLI batteries as a reasonably priced energy source.

List of Companies Profiled

• Exide Industries Ltd. (India)
• Luminous Power Technologies Pvt. Ltd. (India)
• HBL Power Systems Ltd. (India)
• Amara Raja Batteries Ltd. (India)
• Su-Kam Power Systems Ltd. (India)
• Others

Key Industry Developments

In July 2022, Amara Raja Batteries (ARBL) announced plans to expand its lead-acid business with various options to expand geographically outside India. As a part of the expansion, the company focuses on developing the lead-acid business, primarily in Africa, the Middle East, and South-East Asia.

Report Scope and Segmentations

Regional Analysis

The objective of the report is to present comprehensive analysis of Global India Lead Acid Battery Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

India Lead Acid Battery Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions

• How much the global India Lead Acid Battery Market valued?
• Which region has the largest share in 2024 for the global India Lead Acid Battery Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of the Market

• Historic year: 2019- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

India Lead Acid Battery Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: