Indian Rechargeable Battery Market Overview:
According to the latest report by IMARC Group, titled “Indian Rechargeable Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the India rechargeable battery market reached US$ 6.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.1 Billion by 2027, exhibiting a CAGR of 8.33% during 2022-2027. A rechargeable battery is an electrochemical device containing active materials that can be regenerated by charging. Also known as a secondary cell, accumulator or storage battery, these batteries convert chemical energy into electrical energy. Over the years, the demand for rechargeable batteries has grown substantially in India with the rising adoption of portable devices like laptops, smartphones and MP3 players.
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Indian Rechargeable Battery Market Trends:
The India rechargeable battery market is primarily driven by the growing environmental consciousness among the masses. Rechargeable batteries are an ecological and sustainable replacement of non-rechargeable batteries that provide enhanced durability and long-term cost benefits. Besides this, these batteries are also extensively used in the automotive industry to extend the range of electric vehicles (EVs) across the country. Moreover, several technological advancements have enabled manufacturers to introduce innovative rechargeable battery technology that double the power output compared to conventional batteries. These factors are anticipated to provide a positive outlook to the market in the upcoming years.
Indian Rechargeable Battery Market 2022-2027 Analysis and Segmentation:
Breakup by Battery Type:
- Lead-Acid Batteries
- Li-ion Batteries
- NiMH Batteries
- NiCd Batteries
Market by Capacity:
- 150 – 1000 mAh
- 1300 – 2700 mAh
- 3000 – 4000 mAh
- 4000 – 6000 mAh
- 6000 – 10000 mAh
- More than 10000 mAh
Breakup by Application:
- Consumer Electronics
- Power Stations
Market by Region:
- North India
- West and Central India
- East India
- South India
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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