India Rechargeable Battery Market Size Worth US$ 10.1 Billion by 2027, at 8.33% CAGR

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 or accumulator battery is an electrochemical device that converts chemical energy into electrical energy. It consists of an electrolyte, anode, and cathode, which produce a current through an electrochemical reaction. It is available in various shapes and sizes, from button-sized cells to industrial megawatt systems. Rechargeable batteries are ecological and provide long-term cost benefits and enhanced durability. In line with this, there has been a shifting consumer preference toward the usage of rechargeable batteries as they are more energy-efficient, produce less waste, and can be charged with a simple battery charger.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

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Indian Rechargeable Battery Market Trends:

The market in India is majorly driven by the widespread adoption of the product in an automobile. Furthermore, leading players are increasingly focusing on developing new rechargeable battery technology, thus creating a positive outlook for the market. Apart from this, the escalating usage of lead-acid batteries as an uninterruptible power source (UPS) in various sectors, such as banking, oil and gas, healthcare, and chemicals, is catalyzing the market growth across the country. Moreover, the rising demand for consumer and portable devices, such as music players, digital cameras, camera phones, and portable computing devices, is propelling the product uptake. Besides this, the growing awareness about battery-enabled consumer devices is strengthening the demand for rechargeable batteries. Additionally, the increasing popularity of bio-based rechargeable batteries is providing a boost to the market.

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Indian Rechargeable Battery Market 2022-2027 Analysis and Segmentation:

Breakup by Battery Type:

• Lead-Acid Batteries
• Li-ion Batteries
• NiMH Batteries
• NiCd Batteries
• Others

Breakup 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
• Automotive
• Defence
• Others

Breakup by Region:

• North India
• West and Central India
• East India
• South India

Competitive Landscape:
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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