Lead Acid Battery Industry Has Seen Huge Evolution In The Last Couple Of Years.

Lead Acid Battery Industry Has Seen Huge Evolution In The Last Couple Of Years.

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Worldwide primary and secondary battery demand is projected to rise at a nearly 7 percent annual pace through 2010 to $73.6 billion. China will record the largest gains of any national market, stimulated by healthy economic growth, ongoing industrialization efforts and rising per capita income. Annual demand in the country will climb by more than $7 billion from 2005 to 2010, and China will surpass the U.S. to become the largest battery market in the world. Sales increases are also expected to be strong in India, Indonesia, South Korea, Poland, South Africa, Brazil and Russia for similar reasons.

The total Indian storage battery market is approximately estimated at US$ 600 Million with the automotive battery segment contributing more than 65 percent of the overall market value.

In terms of volumes, the overall consumption of automotive batteries could be around 7.3 million units with the OE segment comprising around 1.5 to 1.6 million units per annum.

The Indian Lead Acid battery industry is poised to more than double within four years given the current rate of growth of over 25 per cent per annum.

This being the case, the aftermarket is definitely striking with its sheer size and is lucrative due to better price and credit realization. Lately India has seen a surge in the sales of the passenger car segment which increased the overall sales of batteries.

The Life of Lead Acid Battery is generally 2 “” 3 years and the boom in auto sales since last 5 years has pushed the sales of aftermarket battery market, the demand is so huge that there is always short supply in quality aftermarket battery.

The LEAD ACID BATTERY market in Indian Subcontinent is highly fragmented industry with very few manufacturers in Quality in BRAND segment and several battery manufacturers in tier 2 and tier 3 categories which have regional and national presence.

Most of these lead acid manufacturers have vast presence in Semi Urban and rural areas and cater to replacement battery market of Old Automobiles, Tractors, farm equipments, heavy commercial vehicles etc.

India, now, accounts for about 14 major automotive manufacturers, and all of them are growing rapidly in India, and also looking at making India their home for exports. This would further enhance the overall market base. But what is significant is that the industrial batteries consumption is going up with the economy booming.

This will create opportunities for supply of industrial batteries in the telecom towers, railway usage and in the power sector. With the country short of power in several pockets, usage of inverters too, has gone up significantly, and this is not going to come down soon.

Battery Importers have also been contributing a lot to the short supply of batteries. Get more information about battery industry only at http://www.batteryind.com

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