Market Size of India Alkaline Battery Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 Industry Segmentation
The India alkaline battery market report includes:
| Type | |
| Primary | |
| Secondary |
| Application | |
| Consumer Electronics | |
| Commercial | |
| Others |
India Alkaline Battery Market Size Summary
The India alkaline battery market is poised for growth, driven by the prolonged activity of alkaline batteries over zinc-carbon alternatives and the increasing demand for cost-effective and eco-friendly primary batteries. Despite the challenges posed by the COVID-19 pandemic, which disrupted manufacturing and raw material procurement, the market is expected to expand due to the rising per capita income and the growing consumption of portable power sources. The primary battery segment, known for its wide applications in consumer electronics such as flashlights, calculators, and smoke alarms, is anticipated to be the largest due to its numerous advantages and the ongoing demand from various sectors, including the military and electronic voting systems.
The market landscape is characterized by a fragmented structure with key players like Duracell Inc., Indo National Limited, and Eveready Industries India Ltd. actively participating. The increasing demand for consumer electronics, fueled by rising incomes, urbanization, and the expansion of e-commerce platforms, is expected to further drive the demand for alkaline batteries. Additionally, global manufacturers are focusing on expanding their presence in India by introducing new, low-cost products. However, the market faces competition from lithium-ion batteries, which offer higher energy density. Regulatory developments, such as the draft notification for battery waste management by the Ministry of Environment, Forest, and Climate Change, also play a crucial role in shaping the market dynamics.
India Alkaline Battery Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2026
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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1.8 Assessment of the COVID-19 Impact on the Market
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Primary
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2.1.2 Secondary
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2.2 Application
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2.2.1 Consumer Electronics
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2.2.2 Commercial
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2.2.3 Others
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India Alkaline Battery Market Size 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.
