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The India rechargeable battery market is currently witnessing strong growth. Also known as secondary cells and accumulators, rechargeable batteries are electro-chemical devices that convert chemical energy into electrical energy. These batteries are extensively utilized in laptops, MP3 players, mobile phones and cordless power tools. At present, a significant rise in the demand for electronic devices, such as smartphones, laptops, digital cameras and tablets, is positively influencing the demand for rechargeable batteries in India.
The increasing utilization of electric vehicles (EVs) on account of the rising environmental concerns and inflating prices of fossil fuels represents one of the key factors strengthening the market growth in India. Apart from this, there is a rise in the demand for rechargeable batteries in the country as they are energy-efficient, produce less waste and can be charged with a simple battery charger. Furthermore, the leading players are focusing on the development of a new rechargeable battery technology, known as the flow battery, which can increase the power output without taking up additional space. However, the sudden outbreak of the coronavirus disease (COVID-19), the consequent imposition of lockdowns by numerous states and the temporary closure of manufacturing units have negatively impacted the market growth. The market is anticipated to experience growth once lockdown restrictions are relaxed. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the india rechargeable battery market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, battery type, capacity and application.
Breakup by Battery Type:
Breakup by Capacity:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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