Increasing demand for smartphones and consumer electronics in the Ethiopia battery market is growing respectively with factor such as increasing growth of smartphones. Growing adoption of batteries in the industrial applications and growing demand for smart devices and wearable. Growing demand for smart devices and wearable, with the increasing growth in IoT and 5G, the adoption of smart devices has increased which has led to the growth in the Ethiopia battery market. The automotive industry is expanding and with the increasing population, more cars are being required which is boosting the growth of Ethiopia battery market, whereas safety issues related to storage, usage and transportation of lithium-ion batteries are the various issues which are limiting the growth Ethiopia battery market.
According to Data Bridge Market Research, market leader is Duracell Inc. in Ethiopia which accounts an estimated market share of approximately 20% to 28% in the region. Duracell Inc. has gained outstanding sales through their battery products which include alkaline batteries, rechargeable and chargers, specialty batteries, coin/button batteries and hearing aid batteries. In February 2019, Duracell Inc. (A Subsidiary of Berkshire Hathaway Inc.) announced the launch of Duracell Ultra as a new alkaline battery. The new batteries offer about 100 percent more power as compared to other batteries and even last longer than before. The new product increased the product portfolio and customer base of the company.
The Ethiopia battery market is becoming more competitive every year with companies such Duracell Inc. and Energizer as they are the market leaders for battery market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the Ethiopia battery market.
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Ethiopia battery market is segmented On the basis of battery type, the Ethiopia battery market has been segmented into lithium ion based, lead acid based, nickel metal hydride and others. On the basis of type, the Ethiopia battery market is segmented into primary and secondary. On the basis of sales channel, the Ethiopia battery market is segmented into direct and indirect. On the basis of voltage range, the Ethiopia battery market is segmented into less than 50 volt, 51 volt to 100 volt and more than 100 volt. On the basis of components, the Ethiopia battery market is segmented into anode, separator, cathode and outer body/container. On the basis of application, the Ethiopia battery market is segmented into mobile phones, industrial, commercial, electronic devices, automotive and others.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list Ethiopia battery companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=ethiopia-battery-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Ethiopia Battery Market – Industry Trends and Forecast to 2027