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.
