Product Code: ETC4491745 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India industrial batteries market import shipment demonstrated strong growth with a CAGR of 16.8% from 2020 to 2024. The growth rate between 2023 and 2024 slightly decreased to 15.9%, indicating a steady expansion trend in the market during the period, with momentum remaining robust overall.
The India Industrial Batteries Market is experiencing steady growth due to the increasing demand for reliable backup power solutions in industries, particularly in regions with intermittent power supply. Industrial batteries are essential for uninterruptible power supply (UPS) systems and various applications, ensuring continuity of operations and protecting sensitive equipment from power disruptions. As industrialization continues, the reliance on industrial batteries for power backup is expected to rise.
The India Industrial Batteries Market is thriving due to the critical role of batteries in providing backup power for various industries, including telecommunications, manufacturing, and healthcare. The primary driver is the need for reliable and high-performance energy storage solutions to ensure uninterrupted operations. Industrial batteries are essential for backup power in situations of grid failures and critical applications where downtime is not acceptable. With the increasing dependence on technology and the need for business continuity, the industrial batteries market is expanding. Moreover, advancements in battery technology, including lithium-ion and lead-acid batteries, are enhancing their capabilities and adoption in industrial settings.
The industrial batteries market in India faces challenges in terms of sustainability and environmental impact. The disposal and recycling of industrial batteries raise environmental concerns, necessitating proper waste management practices. Additionally, the need for reliable backup power solutions in a country with an inconsistent power supply can lead to increased demand and competition.
The COVID-19 pandemic had a mixed impact on the India industrial batteries market. On one hand, the market experienced disruptions in the supply chain, leading to delays in manufacturing and distribution. On the other hand, the demand for industrial batteries remained stable, especially in sectors like healthcare, telecommunications, and data centers, which relied on uninterrupted power supply. The pandemic highlighted the importance of reliable power sources, and industries that required backup power solutions continued to invest in industrial batteries. However, sectors like automotive and manufacturing, which were affected by lockdowns and reduced production, witnessed a temporary decline in battery demand. As India industrial sectors recover and adapt to new norms, the industrial batteries market is expected to regain its growth momentum.
The industrial batteries market in India is significantly influenced by companies such as Exide Industries and Amara Raja. These firms produce a wide range of industrial batteries used in various applications, including telecommunications, power, and renewable energy storage.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Industrial Batteries Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Industrial Batteries Market Revenues & Volume, 2021 & 2031F |
3.3 India Industrial Batteries Market - Industry Life Cycle |
3.4 India Industrial Batteries Market - Porter's Five Forces |
3.5 India Industrial Batteries Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.6 India Industrial Batteries Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 India Industrial Batteries Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for uninterrupted power supply in various industries |
4.2.2 Growing adoption of renewable energy sources driving the need for energy storage solutions |
4.2.3 Government initiatives promoting the use of industrial batteries for energy storage and backup power |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with industrial batteries |
4.3.2 Lack of proper recycling infrastructure for industrial batteries leading to environmental concerns |
4.3.3 Intense competition from alternative energy storage technologies |
5 India Industrial Batteries Market Trends |
6 India Industrial Batteries Market, By Types |
6.1 India Industrial Batteries Market, By Battery Type |
6.1.1 Overview and Analysis |
6.1.2 India Industrial Batteries Market Revenues & Volume, By Battery Type, 2021-2031F |
6.1.3 India Industrial Batteries Market Revenues & Volume, By Lead-acid, 2021-2031F |
6.1.4 India Industrial Batteries Market Revenues & Volume, By Lithium-ion, 2021-2031F |
6.2 India Industrial Batteries Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 India Industrial Batteries Market Revenues & Volume, By Stationary, 2021-2031F |
6.2.3 India Industrial Batteries Market Revenues & Volume, By Motive, 2021-2031F |
7 India Industrial Batteries Market Import-Export Trade Statistics |
7.1 India Industrial Batteries Market Export to Major Countries |
7.2 India Industrial Batteries Market Imports from Major Countries |
8 India Industrial Batteries Market Key Performance Indicators |
8.1 Average capacity utilization rate of industrial batteries in key industries |
8.2 Adoption rate of advanced battery technologies in the industrial sector |
8.3 Number of government policies and incentives supporting the industrial battery market |
9 India Industrial Batteries Market - Opportunity Assessment |
9.1 India Industrial Batteries Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.2 India Industrial Batteries Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 India Industrial Batteries Market - Competitive Landscape |
10.1 India Industrial Batteries Market Revenue Share, By Companies, 2024 |
10.2 India Industrial Batteries Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |