London, 28 November 2014 –Increasing demand for UPS Systems is expected to boost the Battery Market in India, which is growing at a CAGR of 16.5 percent, says research firm TechNavio.
The high probability of sudden power fluctuations and power cuts is leading to growing adoption of UPS systems in the IT, banking and telecom sectors.
About the Report
According to the latest report by TechNavio, demand for lead-acid batteries from the automobile OEM and replacement battery markets are also contributing to these strong market projections. The numerous functional benefits of lead-acid batteries are expected to propel the growth of the Battery Market in India.
“The ability of the lead acid batteries to resist shock and overcharging makes this option highly reliable. Moreover, the sealing techniques used in these batteries ensure that they are leak-proof,” says Faisal Ghaus, Vice President of TechNavio.
“Lead-acid batteries withstand heavy discharge and their fast recovery speed when low on charge along with cost-effectiveness have helped them gain popularity in the market.”
Additionally, the development of valve-regulated lead-acid (VRLA) batteries is also driving market growth. These batteries are virtually maintenance-free and because of their sealed construction, they can be mounted in any orientation, thus making them a feasible option for integration into UPS systems.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Increased Demand for UPS Systems
- For a full detailed list, view our report.
Market Challenges:
- Fluctuating Battery Prices
- For a full detailed list, view our report.
Market Trends:
- Increased Demand for Lead-acid Batteries
- For a full detailed list, view our report.
Key Vendors:
- Amara Raja Batteries
- Exide Batteries
- HBL Power Systems
- Luminous Power Technologies
Other Prominent Vendors:
- Artheon Electronics
- Base Corporation
- Evolute Solutions
- Okaya Power
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
