India button
cell market was valued at more than $ 59 million in 2018 and is projected to cross
$ 88 million by 2024, exhibiting a CAGR of over 7% during 2019-2024, owing to
growing government initiatives and increasing demand from Tier-II and Tier-III
cities. Starting from April 2019, Government of India is targeting to replace
all conventional meters with smart prepaid meters, which would increase the
demand for button cells in the country. Moreover, technological advancements
such as phasing out of mercury usage in button cells and miniaturization
of electronic devices and button cells are boosting the competition among button
cell manufacturers. In order to cope up with the increasing cost, manufacturers
of button cells, electronics, and button cell holder/retainer are focusing on
producing low-cost products. For instance, in 2014, Memory Protection Devices
Inc. (MPD), a coin cell/battery cell holder and retainer provider, introduced
new cell battery strap, which requires less raw materials.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
- To
analyze and forecast India button cell market size.
- To
define, classify and forecast India button cell market on the basis of
letter code type, package size, application, and region.
- To
scrutinize the detailed market segmentation and forecast the market size by
segmenting India button cell market based on four regions, namely, North,
West, South, and East.
- To
identify drivers and challenges for India button cell market.
- To
examine competitive developments such as technological advancements, new
product developments, supply contracts, and mergers & acquisitions in
India button cell market.
- To
evaluate product pricing and import/export trends in India button cell
market.
- To
strategically profile leading players operating in India button cell
market.
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Some of the major players
operating in India button cell market are Murata Manufacturing Co.,
Ltd., Panasonic
Corporation, Maxell Holdings, Ltd., Energizer Holdings, Inc., Toshiba Corporation, Berkshire Hathaway Inc. (Duracell
International Inc.), Seiko Instruments Inc., Renata AG SA, Camelion Battery
Company Limited, East (Shenzhen) Technology Co., Ltd., etc.
TechSci Research performed
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of button cell manufacturers and suppliers in
India. Subsequently, TechSci Research conducted primary research surveys with
the identified companies. While interviewing, the respondents were also
enquired about their competitors. Through this technique, TechSci Research was
able to include manufacturers that could not be identified due to the
limitations of secondary research. TechSci Research analyzed product offerings,
end users, and regional presence of all major button cell manufacturing
companies and suppliers across the country.
TechSci Research calculated India button cell market size
using a bottom-up and top-down approach, where value and volume for button
cells in India was recorded as well as forecast for the future years was made. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company annual reports, industry magazines, industry reports, news dailies, credible
paid databases, Ministry of Commerce and Industry, Central Statistics Office, Ministry
of Power and International Monetary Fund were also studied by TechSci Research.
Key Target
Audience:
- Button cell manufacturers, suppliers and
end users
- Research organizations and consulting
companies
- Associations, organizations and alliances
related to button cells
- Government bodies such as regulating
authorities and policymakers
The study is
useful in providing answers to several critical questions that are important
for industry stakeholders, such as button cell manufacturers, suppliers,
distributors, and policymakers. The study would also help them in identifying
which market segments should be targeted over the coming years in order to
strategize investments and capitalize on growth of the market.
Report Scope:
In this report,
India button cell market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, by Letter Code
Type:
- L - Alkaline
- S - Silver
- P - Zinc-air
- C - Lithium
- B - Lithium (i)
- G - Lithium (ii)
- Z - Nickel
- Market, by Package
Size:
- 4 (4.8 mm)
- 5 (5.8 mm)
- 6 (6.8 mm)
- 7 (7.9 mm)
- 9 (9.5 mm)
- 10 (10 mm)
- 11 (11.6 mm)
- 12 (12.5 mm)
- 16 (16 mm)
- 20 (20 mm)
- 23 (23 mm)
- 24 (24.5 mm)
- 44 (5.4 mm)
- Market, by
Application:
- Timekeeping
- General Memory Backup
including SRAM
- Lighting
- Electric Meters
- Others
- Market, by Region:
Competitive
Landscape
Competition Matrix:
Benchmarking of
leading 10 players on the basis of letter code type offered.
Voice of Customer: Customer Analysis by
considering below mentioned parameters- Brand Awareness, Brand Recall, and
Brand Satisfaction. In addition, customer analysis has been provided on the
basis of factors influencing purchase decision, challenges/issues faced post
purchase, and unmet needs.
Company
Profiles: Detailed analysis of the major companies
operating in India button cell market.
Available
Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs. The following customization options are available for the
report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
In case you don’t find what
you are looking for, please get in touch with our custom research team at
sales@techsciresearch.com