India Alkaline Battery Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
India Alkaline Battery Market Analysis
The India alkaline battery market is expected to grow at a CAGR of around 5.5% during the forecast period. With the COVID-19 outbreak in Q1 of 2020, India's manufacturing industry including the alkaline battery market was significantly impacted due to lockdown and travel restrictions. Lockdown shut down manufacturing units and impacted raw material procurement such as manganese from South Africa, Australia, and a few other countries. Factor such as the prolonged activity of alkaline batteries over zinc-carbon batteries is likely going to drive the alkaline battery market. However, the increasing competition from lithium-ion batteries having more energy density is expected to restrain the alkaline battery market during the forecast period.
- Due to being cost-effective and eco-friendly, the primary battery segment is likely going to be the largest in the alkaline battery market.
- Per capita consumption of batteries in India continues to remain quite low as compared to other developed countries. It indicates an opportunity for the market to grow in the near future. Batteries are the cheapest source of portable power, and its consumption is always expected to grow with the arrival of new appliances, growth of income levels and changing life style.
- Increasing per capita in income is likely to drive the market studied during the forecast period.
India Alkaline Battery Market Trends
This section covers the major market trends shaping the India Alkaline Battery Market according to our research experts:
Primary Segment is Expected to Dominate the Market
- The alkaline batteries use alkaline electrolytes, with zinc and manganese oxide with electrodes. The alkaline electrolyte used in these batteries includes potassium or sodium hydroxide, in which the electrodes are immersed.
- The primary alkaline battery also is known as disposable consumer batteries, owing to the numerous advantages of primary batteries, such as low cost, wide applications across consumer electronics such as flashlights, calculators, clocks, and smoke alarms, the demand for primary alkaline batteries remains high, worldwide.
- In 2020, the Indian military expenditure increases to 2.8% of the GDP, an increase of around 0.3% from the previous year. Moreover, the election commission of India has allocated INR 1005 crore for procurement of ballot units, control units, and voter-verifiable paper audit trail units (VVPATS), and ancillary expenditure on EVMs, and destruction of obsolete voting machines.
- Moreover, India has added electronic gears in their armies, such as torch lights, night visions, etc. These equipments are likely to use primary alkaline batteries for their proper functioning, thud driving the market for primary alkaline batteries.
- The global manufacturers of alkaline batteries are focusing on expanding their business in countries like India, which include the launch of new, low-cost products in the country. These products are likely to drive the primary alkaline battery segment.
- Hence, owing to the above points, the primary segment is likely going to be the largest in the alkaline battery market during the forecast period.
Increasing per Capita Income is Likely to Drive the Market
- Demand for consumer electronics is increasing on the back of rising income. This trend is expected to continue even as other factors like rising rural incomes, increasing urbanization, a growing middle class, and changing lifestyles.
- Significant growth in income and easy financing schemes have led to shortened product replacement cycles.
- In October 2020, Samsung's consumer electronics business in India increased by more than 30%, due to increased demand from smaller cities, which are racing ahead of metros.
- As per the International Monetary Fund, the Per capita GDP of India is expected to reach USD 3,114 in 2026 from USD 1,964 in 2020.
- Growth in e-commerce platforms is a key factor to reach out as a more convenient channel for buyers. Hence such a scenario, along with an increase in income is expected to increase sales of consumer electronics, leading to growth in demand for alkaline batteries in India.
India Alkaline Battery Industry Overview
The India alkaline battery market is fragmented. The key players in the market include Duracell Inc., Indo National Limited, Eveready Industries India Ltd., Panasonic Energy India Co Ltd, and Geep Industries Pvt. Ltd. among others.
India Alkaline Battery Market Leaders
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Duracell Inc.
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Indo National Limited
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Eveready Industries India Ltd.
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Panasonic Energy India Co Ltd.
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Geep Industries Pvt. Ltd.
*Disclaimer: Major Players sorted in no particular order
India Alkaline Battery Market News
- In March 2020, the Ministry of Environment, Forest, and Climate Change (MoEFCC) issued a draft notification for battery waste management. The regulations will apply to all types of batteries, regardless of their shape, volume, weight, material, and composition, or use.
India Alkaline Battery Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2026
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
4.8 Assessment of the COVID-19 Impact on the Market
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Primary
5.1.2 Secondary
5.2 Application
5.2.1 Consumer Electronics
5.2.2 Commercial
5.2.3 Others
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Duracell Inc.
6.3.2 Indo National Limited
6.3.3 Eveready Industries India Ltd
6.3.4 Panasonic Energy India Co Ltd
6.3.5 Geep Industries Pvt. Ltd
6.3.6 GPB International Limited
6.3.7 FUTURISTIC IDC Pvt. Ltd
6.3.8 Sony Group Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
India Alkaline Battery Industry Segmentation
The India alkaline battery market report includes:
| Type | |
| Primary | |
| Secondary |
| Application | |
| Consumer Electronics | |
| Commercial | |
| Others |
India Alkaline Battery Market Research FAQs
What is the current India Alkaline Battery Market size?
The India Alkaline Battery Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)
Who are the key players in India Alkaline Battery Market?
Duracell Inc., Indo National Limited, Eveready Industries India Ltd., Panasonic Energy India Co Ltd. and Geep Industries Pvt. Ltd. are the major companies operating in the India Alkaline Battery Market.
What years does this India Alkaline Battery Market cover?
The report covers the India Alkaline Battery Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Alkaline Battery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Disposable Batteries Industry Report
Statistics for the 2024 India Disposable Batteries market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. India Disposable Batteries analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
