Consumer Electronics to dominate India Alkaline Battery market through FY2027
Proliferation of smart
devices and penetration of internet services is expected to drive the demand
for India alkaline battery market for the forecast period.
According to TechSci Research report, “India
Alkaline Battery Market By Type (Primary Battery, Rechargeable Battery) By
Size (AA, AAA, 9 Volt, Others (C)) By Application (Consumer Electronics, Toys,
Others (Radio)) By Company, By Region, Forecast & Opportunities, FY2027”,
India alkaline battery market is expected to witness steady growth for the next
five years. Alkaline batteries are non-rechargeable batteries or disposable
batteries and comprises standardized cylindrical forms where electrodes are
made up of zinc and manganese dioxide. These batteries consist of a positive
anode which is zinc and a negative cathode which is manganese dioxide. Alkaline
batteries have high energy density and pack in more energy than the other battery
types which means they can last longer than the other available batteries.
Other batteries for example the lead-based and acid-based batteries pose
serious health risks and are not eco-friendly in nature.
Alkaline battery compounds are environment friendly in
nature as they do not have any specific disposal requirements and when in
direct exposure alkaline batteries do not adversely impact the health of the
person. Advancement in battery technology has led to carbon usage in cathode
mix which is increasing the efficiency of the alkaline batteries. Research and
development in upgrading the existing technology has increased the power
capabilities thereby significantly influencing the alkaline battery market.
Alkaline batteries are widely used to provide the back-up power in laptops and
desktop computers. Emerging demand for alkaline battery from commercial sector
including telecom packaging plants, data centers, manufacturing plants,
commercial buildings, processing facilities and agricultural operations, among
other industries are expected to accelerate the market growth for the next five
years. Rising population in the region is directly influencing the rise in
demand for household appliances which is ultimately attributing to high market
growth. High-end investments by the alkaline battery manufacturers to increase
the efficiency and performance of the batteries and launch of affordable
batteries is accelerating the market growth for the predicted period.
Government authorities are investing heavily for power generation, transmission
and distribution infrastructure which is expected to boost the alkaline battery
market demand.
Due to the ongoing pandemic COVID-19, lockdown was
imposed all over the country. Complete shutdown was observed, and people
started practicing social distancing and started following the precautionary
guidelines. Imposition of strict regulations and policies by leading
authorities, business had to suffer huge losses. Also, the demand for alkaline
batteries have gone down. Manufacturing units were shut down and loss of
availability of skilled labors led to market decline. Number of units imported
or exported to other countries also suffered huge loss. After the lifting of
lockdown, companies are operational, and the market is eventually started to
pick up the pace.
However, high demand for rechargeable battery may
hamper market growth for the forecast period.
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India
alkaline battery market is segmented into type, size, application, region, and
company. Based on size, market is further categorized into AA, AAA, 9 volt and
others. AA segment is in high demand due to its longer shelf life and high
storage capacity. Based on application, alkaline battery market is divided into
consumer electronics, toys, and others. Consumer electronics segment is
expected to witness dominance for the forecast period due to rise in
expenditure capacity of consumers. Increasing demand for alkaline batteries in
laptops, computers, smart phones, and other electronic gadgets is fostering the
market demand.
Eveready
Industries India Ltd, Exide Industries, Panasonic Energy India Company Limited,
Philips India Limited, Immense Power Private Limited, Indo National Limited,
Energizer India Private Limited, GP Batteries, Duracell India Limited are the
leading players operating in India alkaline battery market. Manufacturers are
increasingly focusing on research and development process to fuel higher growth
in the market. To meet evolving customer demand with respect to better
efficiency and durability, several alkaline battery manufacturers are coming up
with their technologically advanced offerings.
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“Roll-out
of 5G technology and the implementation of latest technologies including
consumer internet of things, smart homes, artificial intelligence, home
automation is aiding to increase the demand of alkaline batteries in the
region. Government initiatives to promote the digital revolution in all
prominent industry verticals and the high internet penetration due to delivery
of affordable services. Expansion of telecommunication sector in the region is
propeling the market growth until FY2027” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“India Alkaline Battery
Market By Type (Primary Battery, Rechargeable Battery) By Size (AA, AAA, 9
Volt, Others (C)) By Application (Consumer Electronics, Toys, Others (Radio))
By Company, By Region, Forecast & Opportunities, FY2027” has
evaluated the future growth potential of India alkaline battery market and
provided statistics & information on market size, shares, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of India alkaline
battery market.
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