Oct 19, 2018   SOURCE: BusinessWire

India Lead Acid Battery Market Report 2018-2024 - ResearchAndMarkets.com

The "India Lead Acid Battery Market (2018-2024): Market Forecast By Types (SLI (Starting Lighting Ignition), Stationary and Motive/Traction), By Construction Method (Flooded & VRLA), By Applications (Automotive, Telecommunications, UPS & Inverter, Elect" report has been added to ResearchAndMarkets.com's offering.

India Lead Acid Battery Market is projected to grow at a CAGR of over 9% during 2018-24

SLI battery segment bagged highest revenue share in 2017, followed by stationary battery segment. SLI battery is projected to lead the market during the forecast period owing to its high utilization in automobiles. Moreover, automobile sales registered an increase of around 14% in 2017; vehicle production in India registered a CAGR of nearly 6% during 2011-17, contributing towards the demand of SLI lead acid batteries in the country.

Further, motive/traction battery is anticipated to exhibit second highest growth rate over the coming years on the back of its usage across railways coupled with growing adoption of electric vehicles in the country. In terms of construction methods, flooded battery captured majority of the revenue share in 2017; however, VRLA segment is likely to display higher growth rate owing to its benefits over flooded ones, such as advantage of immobilized electrolyte in VRLA battery which prevents electrolyte leakage and do not require maintenance.

The report thoroughly covers India Lead Acid Battery market by types, construction method, applications, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.

Markets Covered

By Types:

  • SLI (Starting Lighting Ignition)
  • Stationary
  • Motive/Traction
  • By Construction Methods:
  • Flooded
  • VRLA

By Applications:

  • Automotive
  • Telecommunications
  • UPS & Inverter
  • Electric Vehicles & Renewable Energy
  • Others

By Capacities:

  • Up to 100 Ah
  • 100.1-200 Ah
  • 200.1-300 Ah
  • Above 300 Ah

Companies Mentioned

  • Amara Raja Batteries Ltd.
  • AMCO Saft India Pvt. Ltd.
  • Base Corporation Ltd.
  • Exide Industries Ltd.
  • HBL Power Systems Ltd.
  • Luminous Power Technologies Pvt. Ltd.
  • Okaya Power Pvt. Ltd.
  • Southern Batteries Pvt. Ltd.
  • Su-Kam Power System Ltd.
  • TATA Autocomp GY Batteries Pvt. Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/846nw6/india_lead_acid?w=4