The widening demand-supply gap in electricity is powering the
stationary industrial battery (SIB) market in India. Delay in the
setting up of new power plants due to land unavailability coupled with
slow environmental clearances and fuel shortage has led to a surge in
SIB installations in the country.New analysis from Frost & Sullivan (http://www.powersupplies.frost.com), Analysis of the Indian Stationary Industrial Battery Market,
finds that the market earned revenues of INR 115.64 billion in Indian
financial year (FY) 2013 and estimates this to reach INR 160.43 billion
in FY 2018. The market is dominated by lead acid batteries while other
battery technologies (Lithium Ion, flow batteries) are in their early
stage.
“The increasing requirement for backup batteries in critical
equipment and processes is giving a boost to the SIB market,” said Frost
& Sullivan Energy and Environmental Analyst. “Demand for backup
power is expected to further intensify with growth in IT/IT-enabled
services and the banking, financial services and insurance (BFSI)
network as well as automated teller machine development, rising
automation across business enterprises, and burgeoning enterprise
solutions.”The focus on renewable energy, especially solar, will drive the need
for storage capacity, broadening the potential of the industrial battery
market. However, improving awareness among Indian customers regarding
alternative storage technologies such as flywheels, fuel cells and ultra
capacitors may rein in SIB market potential.
The slowdown in Indian economy hindered investment flow in
infrastructure, and various e-governance projects, thereby, affecting
the SIB market. The uninterruptible power supply and telecom end-user
segments, in particular, have witnessed a decrease in demand.“Pricing pressures on participants will only increase as new players
enter the market and existing suppliers expand operations and diversify
product portfolios,” noted the Analyst.To succeed, SIB suppliers must maintain their cost advantage and try
to gain market share by improving sales and services delivery, and
investing in research and development. Emphasis on nickel–cadmium,
lithium-ion, and flow batteries, in particular, will energize innovation
in the Indian SIB market.If you are interested in more information on this study, please send
an e-mail to Ravinder Kaur / Priya George, Corporate Communications, at ravinder.kaur@frost.com / priyag@frost.com,
with your full name, company name, job title, telephone number, company
e-mail address, company website, city, state and country.
Analysis of the Indian Stationary Industrial Battery Market is part of the Power Supplies & Batteries Growth
Partnership Service program. Frost & Sullivan’s related studies
include: Global Military Battery Market, Global Industrial Batteries
Market, and Global Uninterruptible Power Supplies Market. All studies
included in subscriptions provide detailed market opportunities and
industry trends evaluated following extensive interviews with market
participants.
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Source:-http://indianpowersector.com/home/2013/12/escalating-need-for-backup-power-fuels-indian-stationary-industrial-battery-market-finds-frost-sullivan/
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