EVs poised to be the key driver for the growth of the Lead-Acid battery industry in India

The future of the lead processing and manufacturing industry in India is connected to the growing demand for lead-acid batteries. This industry is showing remarkable growth as the replacement of lead in batteries is unlikely because of its reliability, durability, and efficient waste recycling.

Global Market Size of Lead-Acid Industry

Lead-acid batteries are ubiquitous and play an important role in our daily life owing to their reliability and low-cost energy storage. In 2017, the global market size for the industry was valued at approx $57 billion. By 2026 it is forecaster to reach $107.59 billion. This is an exponential growth of 7.3% (CAGR).

Asia is the biggest market of Lead-Acid Batteries

Due to the booming demand for automobiles, a growing inclination towards EVs, the lead-acid battery market in India is projected to reach $7.6 billion by 2023. There is a growing application of energy storage in industrial sectors. This is a significant growth opportunity as EV charging stations require lead-acid batteries to economise operations.




EVs are further pushing the demand for Lead-Acid Batteries


The demand for EVs is rising as people are becoming more conscious about clean and sustainable modes of transportation. It is predicted that by 2033, Electric Vehicles will outrun the sales of fossil-fueled vehicles, hence stimulating the growth of lead-acid batteries required for its operation.

The rising fuel prices worldwide are fueling the demand for electrically chargeable vehicles with lead-acid batteries that run efficiently without emitting harmful gases.

Auto manufacturers are opting for Lead-Acid Batteries

A rising inclination towards EVs is a major factor boosting the global market for lead-acid batteries. Lead batteries are preferred because they are economical, sustainable, and have wide applications. Compared to other batteries, they are low cost, have easy adoption, and are 99% recyclable. This makes lead-acid batteries the leading contender for Electric Vehicles and renewable energy solutions.

At Saraswati Spinning and Weaving Mills, we believe the lead-acid industry will see significant growth once a mass adoption of electric vehicles happens.

There are several advantages of Lead-Acid Batteries

Low cost
A lead-acid battery is comparatively cheaper than other battery types such as Lithium-ion. Since the production costs are low, cost-optimised energy storage installations will prefer lead for battery storage systems.

Highly recyclable
It has the highest recyclability percentage compared to any other product, thus auto manufacturers are more likely to opt for it.

Durability and storage capacity
Owing to advancements in the packing of batteries, the durability and storage capacities of lead-acid batteries have improved. This is helpful in the renewable energy sector as stationary lead-acid batteries efficiently store energy obtained from wind, and solar.


Focusing on a sustainable future of Lead

At Saraswati Spinning and Weaving Mills, Kala Amb, in Sirmaur, our products are widely used for making variegated lead storage batteries & chemicals. As a prominent manufacturer and supplier of Lead and Lead Ingots, we focus on sustainability and eco-friendly technological innovation. Our processes ensure responsible handling and recycling of the material to reduce pollution.
Location: Kala Amb, Himachal Pradesh, India

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