May 10, 2018   SOURCE: BusinessWire

Indian Lead-Acid Battery Market 2018-2023: Indian Telecommunication Sector is Fueling the Demand - ResearchAndMarkets.com

The "India Lead-Acid Battery Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The Indian lead-acid battery market is expected to witness a CAGR of 9.47% during the forecast period. The Indian government aims for electricity supply 24 hours a day, for households, by March 2019. The Government of India has identified the route of integrating more renewables in its electricity mix during the forecast period, 2018-2023, which, in turn, is expected to supplement the demand for lead-acid batteries. Furthermore, factors, such as increasing number of automobiles, smart city initiatives, and growing telecommunication infrastructure, are expected to support the need for lead-acid batteries in India.

On the flip side, a constant fluctuation in the prices of the raw material used, coupled with growing penetration of the lithium-ion batteries, is expected to be a major challenge for the lead-acid battery industry, during the forecast period.

Additional Highlights

  • The Indian Telecommunication Sector - Fueling the Demand
  • India's Solar Developments - Opportunity for Growth

Notable Developments in the Market

  • January 2018: Exide Industries won the Bharat Heavy Electricals Ltd (BHEL) tender, for the supply of Lead-acid battery package
  • January 2018: AMCO Shaft India won the Bharat Heavy Electricals Ltd (BHEL) tender, for the supply of Lead-acid battery package

Companies Mentioned

  • Exide Industries Ltd
  • Amara Raja Batteries Ltd
  • Luminous India
  • HBL Power Systems
  • Okaya Power Pvt. Ltd
  • Southern Batteries Pvt. Ltd
  • Artheon Electronics Ltd
  • AMCO Saft India Pvt Ltd

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. PESTLE Analysis

7. Market Segmentation and Analysis

8. Key Company Analysis

9. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/jhbjcd/indian_leadacid?w=4