Press Release

India Button Cell Market to Surpass $ 88 Million by 2024

Increasing consumer purchasing power, technological advancements and growing government initiatives such as UDAY and Make in India to fuel India button cell market through 2024

According to TechSci Research report India Button Cell Market By Letter Code Type, By Package Size, By Application, Competition, Forecast & Opportunities, 2014 – 2024’’, button cell market in India is projected to cross $ 88 million by 2024, primarily driven by growing demand for silver oxide and zinc air button cells in watches and hearing aids with better leakage resistance. Moreover, technological advancements like phasing out of mercury usage in alkaline and zinc based button cells are expected to positively influence the country’s button cell market. Some of the major companies operating in India button cell market are Panasonic Corporation, Duracell International Inc., Maxell Holdings Ltd., Energizer Holding Inc., and Murata Manufacturing Co., Ltd.

Browse 52 market data Figures and Tables spread through 91 Pages and an in-depth TOC on  "India Button Cell Market"

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Due to increasing production of watches, which majorly use silver oxide button batteries denoted by letter ‘S’, S, in terms of letter code type, occupied the largest share in India button cell market in 2018 and is likely to maintain its dominance during the forecast period. Rising investments in energy harvesting using solar power to recharge wearable electronics and toys coupled with increasing consumer purchasing power, government initiatives such as Smart Meters National Programme, Make in India, Smart Cities Mission and AMRUT, and growing demand from Tier II and Tier III cities are some of the other factors that would fuel the market in coming years.

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“As of 2018, India button cell market is driven by portable electronics and medical devices. As the upfront cost of button cells is still low, factors including less weight, higher true cost considering lifespan and performance contribute to the growth of India button cell market. Moreover, higher drain discharge is boosting the demand for usage of button cells in various applications such as watches, smart meters and hearing aids. These market developments are expected to offer lucrative growth opportunities to players operating in India button cell market over the course of next five years,”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Button CellMarket By Letter Code Type, By Package Size, By Application, Competition, Forecast & Opportunities, 2014 – 2024’’ has evaluated the future growth potential of India button cell market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in India button cell market.

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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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India Button Cell Market By Letter Code Type (L, S, P, C, B, G, Z), By Package Size (4, 5, 6, 7, 9, 10, 11, 12, 16, 20, 23, 24, 44), By Application (Timekeeping, Electric Meters, Lighting & Others), Competition, Forecast & Opportunities, 2014 – 2024

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Increasing consumer purchasing power, technological advancements and growing government initiatives such as UDAY and Make in India to fuel India button cell market through 2024

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