There may not be enough non-renewable energy sources in a century due to their depletion. No wonder, the world is moving toward the use of renewable energy sources and reducing the use of non-renewable fossil fuels, such as gas and oil, in our daily lives. For this reason, the rest of the world, including India, is currently searching for an energy source that can both alleviate the current global energy crisis and produce enough energy to be stored for future use without disturbing the ecological balance. Lithium-ion-based energy storage is the key to the solution, and India leads the South Asian energy storage market due to the abundance and ease of utilizing solar and wind energy. We will be covering the top 5 players in India's backup and storage market that are spearheading this switch to the environmentally friendly Lithium-ion battery storage energy solution.
1. Su-vastika
A Government of India-recognized export house backed with multiple technology patents, Su-vastika is fast emerging as the leader of power backup and storage solution providers. Offering a wide range of industry-leading solutions starting from solar UPS, Energy Storage Systems (ESS), Lithium Battery (LiFePO4), Online UPS with Galvanic Isolation, Lift Inverters/UPS and Lithium Inverter/UPS and Solar Hybrid Inverters and Solar PCU, the company is today a proud associate of names like Tata, Schindler, Adani, and Raheja developers, among many others.
Recently, Su-vastika also launched wall-mount lithium batteries for all its products under the guidance of Kunwer Sachdev, who is known as Inverter Man of India and founder Su-kam. For the first time ever, customers don’t have to deal with the issue of batteries taking up space on the floor or the destruction caused due to spillage, which is typical for a lead-acid based solution.
Known for its constant innovation, Su-vastika is a complete power storage solutions company that is preparing India’s robust energy storage systems for a sustainable future. Led by Khushboo Sachdev and Mentored by Kunwer Sachdev, Su-vastika seeks to upend and transform the solar energy and backup industry and is already halfway there.
Kunwer Sachdev who is also called the Lithium Man of India, is known for his pioneering work in this field. He revolutionized the power backup sector in India with innovative and user-friendly products that made India-made inverters a household name not just in India but also in the Middle East, Africa, and Southeast Asian countries, including Bangladesh and Nepal. Due to his contributions to the inverter/UPS and solar sector, he is also referred to as ‘The Inverter Man of India’ and ‘The Solar Man of India.’
2. Luminous
Private Limited Unlisted firm Luminous Power Technologies Pvt. Ltd. was established on June 10, 1988, with its registered office in Delhi, India. The company's current commercial activities are manufacturing primary cells, primary batteries, rechargeable batteries, and cells incorporating manganese oxide, mercuric oxide, silver oxide, or other materials. As the top home electrical specialist in India, Luminous Power Technologies offers a wide range of products, from electrical products like fans, wires, and switches to power backup solutions like home UPS systems, inverter batteries, and solar applications.
3. Microtek
In the Indian market for power products, Microtek is a well-known competitor. With its ability to create dependable products with the newest technology integrated that are well accepted and valued by household consumers as well as the industrial sector around the world, Microtek, a technology innovator and pioneer in the power backup industry of India, stands tall as an epitome in the space. Today, Microtek offers a wide variety of goods that deal with Power Backup Solutions, Solar Energy, Voltage Solutions, Wires & Cables, Circuit Protection Devices (MCB, DBs), E-Vehicle Chargers, Surge & Lightning Protectors, and a range of products for the health care industry. In addition, Microtek is the exclusive manufacturer of line interactive UPS in India. The organization has had significant development and excellence across the board since its inception.
4. Exide
With an unmatched reputation, Exide has been one of India's most dependable brands for over seven decades. They are a clear frontrunner in the lead-acid storage battery market for both automotive and industrial applications thanks to their relentless focus on innovation, broad geographic reach, solid relationships with major clients, and consistent technology upgrades with international business partners. As a pioneer in packaged power technology, EIL is India's largest storage battery manufacturer, offering the broadest selection of traditional flooded and modern VRLA batteries. In addition to providing services for the home market, the company exports batteries that have found niches in the marketplaces of South East Asia and Europe. Exide creates, produces, promotes, and offers the biggest selection of lead acid storage batteries in the world, ranging in capacity from 2.5Ah to 20,600Ah, to accommodate the widest range of applications.
5. V-Guard
V-Guard Industries Ltd is an Indian electrical and home appliances manufacturer headquartered in Kochi and the largest in Kerala, with an annual turnover of 23.21 billion in 2017–18. The company manufactures voltage stabilizers, electrical cables, pumps, motors, geysers, solar water heaters, fans, and UPSs. V-Guard is a consumer goods company with diversified product offerings. It currently has over 500 distributors, 40,000 retailers, and 31 branches across India as of March 2019. Over the years, V-Guard has sold into the domestic, industrial, and agricultural electronic goods and appliances categories.
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