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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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.
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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
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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.
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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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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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