India Nickel Zinc Rechargeable Battery Market Size & Outlook
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India nickel zinc rechargeable battery market highlights
- The India nickel zinc rechargeable battery market generated a revenue of USD 0.8 million in 2023 and is expected to reach USD 4.2 million by 2030.
- The India market is expected to grow at a CAGR of 29% from 2024 to 2030.
- In terms of segment, aaa battery was the largest revenue generating type in 2023.
- 5AA Battery is the most lucrative type segment registering the fastest growth during the forecast period.
Nickel zinc rechargeable battery market data book summary
| Market revenue in 2023 | USD 0.8 million |
| Market revenue in 2030 | USD 4.2 million |
| Growth rate | 29% (CAGR from 2024 to 2030) |
| Largest segment | Aaa battery |
| Fastest growing segment | 5AA Battery |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 5AA Battery, AAA Battery |
| Key market players worldwide | ZincFive, BetterPower Battery Co., Ansmann, EBLOFFICIAL, ZAF Energy Systems, EverZinc |
Other key industry trends
- In terms of revenue, India accounted for 5.5% of the global nickel zinc rechargeable battery market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China nickel zinc rechargeable battery market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4.2 million by 2030.
Aaa battery was the largest segment with a revenue share of 50% in 2023. Horizon Databook has segmented the India nickel zinc rechargeable battery market based on 5aa battery, aaa battery covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the nickel-zinc rechargeable battery market in India is driven by the increasing demand for rechargeable batteries in the portable device manufacturing sector. The rapid growth of electronics industry in India, including the manufacturing of smartphones, laptops, and other mobile devices, is a key factor contributing to market expansion.
According to the India Brand Equity Foundation, India is the second-largest mobile phone manufacturing country in the world. The launch of the “Make in India” initiative by the government of India resulted in an increase of 2 billion cumulative units and a growth rate of 23% in mobile phone exports in 2023.
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Nickel Zinc Rechargeable Battery Market Scope
Nickel Zinc Rechargeable Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ZAF Energy Systems | View profile | 11-50 | Joplin, Missouri, United States, North America | http://zafsys.com |
| EBLOFFICIAL | View profile | - | https://www.eblofficial.com/ | |
| Ansmann | View profile | 251-500 | Assamstadt, Baden-Wurttemberg, Germany, Europe | https://www.ansmann.de/ |
| BetterPower Battery Co. | View profile | 1001-5000 | Shenzhen, Guangdong, China, Asia | https://www.betterpower.net |
| ZincFive | View profile | 101-250 | Tualatin, Oregon, United States, North America | http://www.zincfive.com |
| EverZinc | View profile | 501-1000 | Liège, Liege, Belgium, Europe | https://www.everzinc.com/ |
India Type - Nickel Zinc Rechargeable Battery Market size, 2023 - 2030 (US$M)
India Nickel Zinc Rechargeable Battery Market Outlook Share, 2023 & 2030 (US$M)
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