India Lead-Acid Battery Market Size and Forecast, Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology, Application, Construction [Flooded and Valve-Regulated Lead-Acid], and End User, and Country

The India lead-acid battery market size is projected to reach US$ 7.46 billion by 2031 from US$ 5.15 billion in 2023. The market is expected to register a CAGR of 4.7% during 2023-2031. The evolution of 12-volt lead-acid batteries is likely to continue to be a key trend in the India lead-acid battery market.

Currently, vehicles are becoming more autonomous and electrified. Companies such as Clarios have developed a 12-volt advanced lead-acid battery, which would be a part of changing future vehicle technology. The 12-volt advanced lead-acid battery plays a crucial role in assisting the car’s electrical network throughout the drive, powering heated seats, infotainment systems, and pedestrian detection systems, among others. Additionally, electric vehicles require two interdependent batteries - an advanced 12-volt battery handling key offloads and a high-voltage battery that powers the drivetrain. Drivers depend on 12-volt batteries to safely adjust high-voltage batteries and to power different vehicle applications.

The 12-volt batteries facilitate reliable and safe operations of autonomous systems even when a car’s primary power source stops functioning. The 12-volt battery plays an instrumental role in evolving vehicle technologies, and AGM technology is a preferred battery alternative. The technology provides higher reliability and better performance for fulfilling rising power demands. Thus, the emergence of 12-volt lead-acid batteries would be a key trend promoting the growth of the India lead-acid battery market in the coming years.

Based on technology, the India lead-acid battery market is divided into basic batteries and advanced batteries. In terms of application, the market is divided into stationary and motive. The lead-acid battery market, by construction, is bifurcated into flooded and valve-regulated lead-acid (VRLA). Further, based on end user, the market is segmented into transportation, industrial, and others.

Based on technology, the India lead-acid battery market is bifurcated into basic and advanced lead-acid. The growing trend for adopting clean energy solutions from the residential and industrial sectors, and the proliferation of electric vehicles are the major factors propelling the growth of the India lead-acid battery market.

Lead acid batteries are among the oldest types of rechargeable batteries that store electrical energy by using chemical reactions between lead, water, and sulfuric acid. The lead-acid-based battery storage is widely adopted by many energy storage system users owing to the less upfront cost of installation. The cost advantages also augment the usage of these batteries in residential and commercial energy storage applications. However, this lower cost for lead-acid systems is often counter-balanced by more extensive maintenance needs and a shorter lifecycle.

Two or more lead-acid batteries are needed for every lithium-ion battery in a residential or commercial storage system. Basic lead-acid batteries are available in a wide range of voltage and capacity options for use across various applications; they are also fabricated in 2-volt cell configurations. Lead acid battery banks are accessible to meet small to large-capacity storage needs. These batteries are capable of lead-acid coping with the sudden thrust for power. Further, the rising number of rooftop solar installations has propelled the need for batteries to cater to ensure power backup in residential units.

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