India Rechargeable Battery Market Size 2022, Key Manufacturers Share, Growth Analysis, Demands and Forecast Report by 2027
A rechargeable or accumulator battery is an electrochemical device that converts chemical energy into electrical energy. It consists of an electrolyte, an anode and a cathode, which produce a current through an electrochemical reaction. It is available in different shapes and sizes, from button-sized cells to industrial megawatt systems. Rechargeable batteries are environmentally friendly and offer long-term economic benefits and increased durability. In line with this, there has been a shift in consumer preference towards using rechargeable batteries as they are more energy efficient, produce less waste and can be charged with a simple battery charger.
The latest report from the IMARC group, entitled “Indian Rechargeable Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers comprehensive industry analysis, which includes information on Indian Rechargeable Battery Market Research Report. The report also includes competitor and regional analysis, as well as contemporary market advancements. The Indian rechargeable battery market reached US$6.3 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$10.1 billion by 2027, growing at a CAGR of 8.33% over the period 2022-2027.
As the novel coronavirus (COVID-19) crisis grips the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world – our estimates on the latest market trends and values planned after taking into account the impact of this pandemic.
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Indian Rechargeable Battery Market Trends:
The market in India is mainly driven by the widespread adoption of the product in an automobile. Additionally, major players are increasingly focusing on the development of new rechargeable battery technologies, thereby creating a positive outlook for the market. Apart from this, the growing use of lead-acid batteries as an uninterruptible power supply (UPS) in various industries, such as banking, oil & gas, healthcare, and chemicals, is catalyzing the growth of the market. Across the country. Additionally, the growing demand for consumer and portable devices, such as music players, digital cameras, camera phones, and portable computing devices, is propelling the adoption of the product. Also, the growing awareness of battery-powered consumer devices is driving the demand for rechargeable batteries. Additionally, the growing popularity of bio-based rechargeable batteries is boosting the market.
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Analysis and segmentation of the Indian rechargeable battery market 2022-2027:
Breakdown by battery type:
- lead acid batteries
- Li-ion batteries
- NiMH batteries
- NiCd batteries
Breakdown by capacity:
- 150 – 1000mAh
- 1300 – 2700mAh
- 3000 – 4000mAh
- 4000 – 6000mAh
- 6000 – 10000mAh
- More than 10000mAh
Breakdown by application:
- Consumer electronics
- Power stations
Breakdown by region:
- North India
- West and Central India
- Eastern India
- South India
The competitive landscape of the industry has also been reviewed along with the profiles of key players.
Main 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
- Complete mapping of the competitive landscape
Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.
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