India Lead Acid Battery Market Forecast and Opportunities, 2023_Brochure

India Lead Acid Battery Market B y Ty p e , B y A p p l i c a t i o n , C o m p e t i t i o n Fo r e c a s t & Opportunities, 2013 – 2023

Published: May, 2018

MARKET INTELLIGENCE . CONSULTING

Ta b l e o f C o n t e n t s S No.

Contents

1.

Product Overview

2.

Research Methodology

3.

Analyst View

4.

Voice of Customer

4.1.

Lead Acid Battery Brands in Use

4.2.

Factors Considered Before Purchase

4.3.

Brand Awareness: Unaided

4.4.

Brand Awareness: Aided

4.5.

Brand Satisfaction Level: Features & Performance

4.6.

Brand Satisfaction Level: Pricing

4.7.

Brand Satisfaction Level: Product Quality

4.8.

Brand Satisfaction Level: Warranty

5.

India Lead Acid Battery Demand Supply Analysis

6.

India Lead Acid Battery Installed Base Analysis

7.

India Lead Acid Battery Market Outlook 7.1.

Industry Structure & Stakeholders

7.2.

Market Size & Forecast 7.2.1.

7.3.

By Value & Volume

Market Share & Forecast 7.3.1.

By Type (SLI, Stationary, & Motive/Traction)

7.3.2.

By Application (Automotive, Telecommunications, UPS, Electric Vehicles and Others)

7.3.3.

By Region (North, South, West and East) Š TechSci Research

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Contents 7.3.4.

7.4.

8.

India Lead Acid Battery Market Attractiveness Index

India SLI Lead Acid Battery Market Outlook 8.1.

Market Size & Forecast 8.1.1.

8.2.

9.

By Value & Volume

Market Share & Forecast 8.2.1.

By Application (Passenger Cars, Commercial Vehicles, Two-Wheelers & Others)

8.2.2.

By Region (North, South, West & East)

8.2.3.

By Company

India Stationary Lead Acid Battery Market Outlook 9.1.

Market Size & Forecast

9.1.1.

9.2.

10.

By Company

By Value & Volume

Market Share & Forecast 9.2.1.

By Application (Telecommunications, UPS, Railway Traction, Solar & Others)

9.2.2.

By Region (North, South, West & East)

9.2.3.

By Company

India Motive/Traction Lead Acid Battery Market Outlook 10.1.

Market Size & Forecast 10.1.1.

10.2.

By Value & Volume

Market Share & Forecast 10.2.1.

By Application (Electric Rickshaws, Electric Bikes, Electric Cars & Others) Š TechSci Research

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Ta b l e o f C o n t e n t s S No.

Contents 10.2.2.

By Region (North, South, West & East)

10.2.3.

By Company

11.

Pricing Analysis

12.

List of Major Distributors/Dealers

13.

List of Major Customers

14.

Market Dynamics 14.1.

Drivers & Challenges

14.2.

Impact Analysis of Drivers & Challenges

15.

Market Trends & Developments

16.

Policy & Regulatory Landscape

17.

India Economic Profile

18.

Competitive Landscape 18.1.

Competition Matrix

18.2.

Company Profiles 18.2.1.

Exide Industries Limited

18.2.2.

Amara Raja Batteries Limited

18.2.3.

Luminous Power Technologies Pvt. Ltd.

18.2.4.

V-Guard Industries

18.2.5.

HBL Power Systems Limited

18.2.6.

Southern Batteries Private Limited

18.2.7.

Su-kam Power Systems Limited

18.2.8.

Livguard Energy Technologies Private Limited Š TechSci Research

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Contents 18.2.9.

18.2.10.

Okaya Power Private Limited Base Corporation Limited

19.

Strategic Recommendations

20.

About Us & Disclaimer

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Product Overview

•

Battery is a chargeable stationary or mobile energy storage device that converts chemical energy into electrical energy. Major application areas of batteries include automobile, telecom, renewable energy, etc., where direct grid connected power sources are unavailable for electricity generation. Batteries can further be classified into primary and secondary batteries.

•

Lead acid battery is a battery storage solution which was first developed in 1859. The essential material used in the manufacturing of lead acid batteries include:

➢ Lead Peroxide (PbO2), which serves as the positive plate ➢ Sponge Lead (Pb), which serves as the negative plate ➢ Dilute Sulfuric Acid

•

Generally, lead acid batteries have a low energy-to-weight ratio as well as low energy-to-volume ratio.

However, these types of batteries have the ability to carry high surge currents. Additionally, lead acid batteries are low-cost batteries, making them ideal to be used in various types of products.

© TechSci Research

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Product Overview

Classification of Lead Acid Battery Lead Acid Battery

SLI Lead Acid Battery

These batteries are used in automobiles, and are

particular vehicle.

Passenger Vehicles

•

Commercial Vehicles

•

Two-Wheelers, etc.

They are typically used in

These batteries are used to provide motive power

power a particular set-up,

charged before starting a

•

Motive/Traction Battery

stationary devices, and to

designed to be fully

Application

Stationary Lead Acid Battery

facility or a device.

for electric vehicles.

Application

Application

Telecommunication

•

Electric Cars

Towers

•

Electric Bikes

•

Solar Power Projects

•

Electronic

•

UPS, etc.

•

Rickshaws,

etc.

© TechSci Research

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Research Methodology Baseline Methodology : For the study of India lead acid battery market, TechSci Research has gathered information through an exhaustive

search of credible databases and organizations as well as our internal database. Our team of analysts have prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of India lead acid battery market. While compiling the data, we have also crosschecked all the collected information from multiple sources and data warehouses, in order to present the most accurate and precise information of the concerned industry. For the purpose of calculating the market for lead acid battery in India, demand for each category of battery such as SLI, Stationary, and Motive/Traction has been analyzed thoroughly, to arrive at reasonable figures for India lead acid battery market through 2023.

Primary Research

Secondary Research

Data Analysis  Bottom-Up approach for the

 Identifying Key Opinion Leaders  Questionnaire Design  In-depth Interviews  Coverage across Value Chain

 Analysis of data from credible

sources

calculation of India lead acid battery market size  Impact analysis of drivers and

 Trade analysis batteries in India

challenges to the growth of the

 Company annual reports, white

market

papers, investor presentations

 Historical trend examination  Statistical analysis

and financial reports

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Research Methodology Optimistic

Long term

D1

Short term

Medium term

Long term

2023F

2022F

2021F

2020F

2018

2019E

2017

XX% + 2% CAGR

D1

XX% + 4% CAGR

D2

Degree of impact

High

Medium

2023F

2022F

2021F

2020F

2019E

2018

2017

2016

2015

D3 2014

Likely

2013

For financial year (FY) given in the report, the data corresponds to the period starting from April of the previous year to March of that year.

For instance: FY2019 represents the data for the period April 2018 to March 2019.

• Qualitative to quantitative conversion • Assigning weightage to drivers • Statistical evaluation • Developing the actual forecast based on both the cases

Conservative • Market indicators expected to perform at average level during the forecast period • Market expected to slow down with decreasing impact of drivers

2016

D3

2015

D2

XX% CAGR

India Lead Acid Battery Market, 2013-2023

XX% + 4% CAGR

2014

• Market indicators expected to outperform during the forecast period • Market expected to gain traction with increasing impact of drivers

Medium term

2013

Forecasting Methodology

Short term

Low

© TechSci Research

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Research Methodology

OPTIMISTIC

HIGH

4.8%

LIKELY 4.6%

4.5%

Driver 2

EXPECTED

Driver 1

4.7%

This scenario is characterized by moderate impact of economic and market growth factors on India lead acid battery market.

CONSERVATIVE 4.4%

4.3%

LOW

DRIVERS

This scenario is characterized by higher impact of economic and market growth factors on India lead acid battery market.

In this scenario impact of economic as well as market growth factors is comparatively very low on India lead acid battery market.

Driver 3

IMPACT OF GROWTH DRIVERS Š TechSci Research

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Research Methodology

OBJECTIVE: The primary objective of the study is to understand the present market and forecast India lead acid battery market.

APPROACH & SOURCES: In order to forecast India lead acid battery market, top-down as well as bottom-up approaches have been used. Multiple employees from following companies have been interviewed through telephonic conversations in order to extract and verify information being collected at source.

Partial List of Companies Interviewed Amara Raja Batteries Limited

Southern Batteries Private Limited

Exide Industries Limited

Luminous Power Technologies Pvt. Ltd.

Su-Kam Power Systems Limited

HBL Power Systems Limited

Base Corporation Limited

TATA Autocomp Gy Batteries Pvt Limited

TechSci Research scrutinized various published documents from following key sources in order to fill the data gaps and verify information being collected through primary research surveys.

Partial List of Secondary Sources Company Annual Report

Society of Indian Automobile Manufacturers

News Articles

Ministry of New & Renewable Energy

Directorate General of Foreign Trade

UN Comtrade

Company Websites

International Organization for Standardization Š TechSci Research

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Industry Brief

India Lead Acid Battery Market to Reach $ 7.6 Billion by 2023, Led by Exide Industries According to TechSci Research report, “India Lead Acid Battery Market By Type, By Application, Competition Forecast & Opportunities, 2013 – 2023’’, India lead acid battery market is projected to cross $ 7.6 billion by 2023, on account of growing automotive and telecommunication sectors in the country coupled with the government’s ‘Make in India’ initiative. Moreover, increase in budget allocation by the Government of India on smart city projects and various other housing projects such as AMRUT Yojana and Pradhan Mantri Awas Yojana (PMAY), government mandate to use hybrid energy in the huge and growing telecommunication sector, and growing investments in the power transmission and distribution sector are expected to stimulate demand for lead acid batteries in the coming years across the country.

Over the last year or so, implementation of GST has helped the organized players to increase their share in Indian lead acid battery market. Exide Industries accounted for the largest share in India lead acid battery market in 2018 and the company is likely to maintain its dominance through 2023 as well. Exide Industries is followed by Amara Raja Batteries Limited, Livguard Energy Technologies Private Limited, Luminous Power Technologies Private Limited, and HBL Power Systems Limited. Starting, Lighting and Ignition (SLI) type of lead acid batteries account for the largest market share in India, as these batteries are extensively used in passenger cars and two-wheeler vehicles. A large demand for lead acid battery emanates from North India, which can be attributed to increasing sales of automobiles, rise in power backup solutions, and growing telecommunication and solar infrastructure in the region.

Technological developments in the use of SLI and motive type of lead acid batteries are likely to provide better energy storage solutions. On account of the target of Indian government to provide 24x7 electricity to all the households in the country and a shift towards lesser polluting fuel alternatives, there has been growing demand for the development of battery and battery infrastructure in the country over the last few years. These market developments are expected to positively influence the lead acid battery market in India in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

© TechSci Research

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Sample Data-Snapshot Figure 2: India Lead Acid Battery Market Size, By Value (USD Billion), By Volume

Factors Considered Before Purchase (Base=X)

(Million Unit), 2013-2023F CAGR 2019E – 2023F

CAGR 2013 – 2018

Pricing

By Value: X%

By Volume: X%

By Value: X%

By Volume: X%

Product Quality

2013 Warrant y

2014

2015

2016

2017

2018

2019E

2020F

2021F

2022F

2023F

By Volume (Million Unit)

By Value (USD Billion)

Figure 15: India Lead Acid Battery Market Attractiveness Index, By Region, By Value, 2019E-2023F 9.00%

Features & Perform ance

South India

8.00% 1

2

3

4

5

North India

7.00% West India

Aided Brand Awareness (Base=X)

6.00% 5.00%

East India

Exide Industries Limited Amara Raja Batteries Limited Luminous Power Technologies Pvt. Ltd.

HBL Power Systems Limited

4.00% 1.00

1.50

2.00

2.50

3.00

Figure 19: India Automobile Domestic Sales and Exports, 2013-2018 (Million Unit) 70.00

70.00

70.00

70.00

70.00

70.00

30.00

30.00

30.00

30.00

30.00

30.00

2013

2014

2015

2016

2017

2018

Okaya Power Private Limited Southern Batteries Private Limited (Hi-Power) Su-Kam Power Systems Limited V-Guard Industries Base Corporation Limited Livguard Energy Technologies Pvt. Ltd.

Automobile Domestic Sales Trends

Automobile Exports Trends

Source: XXXXX Note: These are dummy figures; please purchase our report for actual data

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About Us & Disclaimer About Us TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while

ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete.

TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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