Lead acid batteries are the most common large-capacity rechargeable batteries. They are very popular because they are dependable and inexpensive on a cost-per-watt base. Maintenance Free- Sealed Lead Acid (MF-SLA) batteries are available in a few different formats. Their principal manufacturing process, including number of plates and plate thickness determines its designated end user application. SLA batteries tend not to sulphate or degrade as easily as wet cells and are regarded the safest lead acid battery to use.
India lead acid battery market is projected to reach $ 7.6 billion by 2023. Anticipated growth in the market can be attributed to booming demand for automobiles, in addition to increasing focus of the government towards boosting the penetration of electric vehicles in the country. India Lead Acid Battery Market is projected to grow at a CAGR of over 9% during 2018-24. As a whole there is a good scope for new entrepreneur to invest in this business.
Few Indian major players are as under
· Amara Raja Batteries Ltd.
· Eastman Auto & Power Ltd.
· Exide Industries Ltd.
· H B L Power Systems Ltd.
· Hitachi Hi-Rel Power Electronics Pvt. Ltd.
· Johnson Controls (India) Pvt. Ltd.