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Analysis of the Indian Stationary Industrial Battery Market

  • December 2013
  • 104 pages
  • Frost & Sullivan
Report ID: 1930988

Summary

Table of Contents

Rising Electricity Deficit will Spur Demand

Demand for Indian SLA batteries worldwide has increased manifold. Indian manufacturers are also expanding their operations to meet the high demand from the domestic market. The growth drivers for SLA batteries include back up power requirement for growing IT/ ITeS sector; widening BFSI network and ATM expansion; rising automation across business enterprises; mounting power deficit, enhancing the need for back-up batteries in critical equipment and processes and burgeoning enterprise solutions.

Executive Summary

• This research service analyses the Indian stationary industrial battery (SIB) market. The emphasis is on stationary lead acid (SLA) batteries as they are more widely used than any other SIB batteries such as Nickel-Cadmium (Ni-Cd), lithium-ion and flow batteries.
• The market of SLA batteries is mature, while that of other batteries such as Ni-Cd, lithium-ion and flow batteries are in their nascent stages. The revenue forecast provided in the study pertains only to SLA battery market and market share analysis includes only SLA battery manufacturers and suppliers.
• The Indian SLA batteries market consists of both organised and unorganised suppliers. The unorganised suppliers contributed approximately X% of the SLA batteries market revenue in FY2013.
• The SIB market is driven by backup power requirement from the growing information technology/Information technology enabled services (IT/ ITeS) sector, widening banking, financial services and insurance (BFSI) network and automated teller machine (ATM) expansion, rising automation across business enterprises, mounting power deficit, increasing need for backup batteries in critical equipment and processes, and burgeoning enterprise solutions.
• The Indian manufacturers are expanding their operations to meet the growing demand for SIB batteries both in the domestic as well as in the international market.
• As the Indian economy is going through economic downturn, customers are pressurising suppliers to offer more discounts. This is forcing SIB battery manufacturers to reduce the total operational cost and introduce economies of scale into their business so as to maintain their overall margins and remain profitable.
• Lead is the chief raw material for SLA battery manufacturers, and constitutes approximately 75% of the total raw material cost. Continuous hike in the price of lead coupled with rupee depreciation against the dollar, pushed up the cost of production and narrowed the profit margins of the manufacturers in FY2013 (base year).
• Most of the unorganised suppliers use recycled or secondary lead to manufacture SLA batteries. They cater majorly to the inverter end-user segment.
• The SLA batteries market in FY2013 was dominated by the top four suppliers. They are Exide Industries Ltd. (Exide), Amara Raja Batteries Ltd. (Amara Raja), Luminous Power Technologies Pvt. Ltd. (Luminous) and HBL Power Systems Ltd. (HBL).

CEO’s Perspective

1. The increasing demand-supply gap in electricity is expected to drive the SIB market.
2. Growth in renewable energy, especially solar, will drive demand for storage capacity.
3. New participants are expected to scale up their operations to tap growing opportunities.
4. Rapid advancements in lithium-ion and fuel cell technologies may adversely affect the revenue of SLA market.
5. Cost, reliability and after-sales support, are the key competitive factors.

Key Questions This Study Will Answer

What is the market size of SLA batteries in the India for FY2013?
Who are the major competitors in the Indian SLA batteries market in FY2013?
What are the prevalent ampere hour ranges in the Indian SLA batteries market?
Who are the major end users of SLA batteries?
What are the drivers and restraints of the SLA batteries market?
What is the projection of SLA batteries market for the period FY2014–FY2018?

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