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    The battery market in Bangladesh has grown significantly from 2014 to 2021, increasing from 6000 crore taka to an expected 12000 crore taka. Demand for batteries has also doubled in this period, from 18 lac units to a projected 40 lac units. The Accumulator and Battery Manufacturers and Entrepreneurs’ Association of Bangladesh expects the market will double again to 24000 crore taka and 85 lac units within the next five years, driven primarily by demand from easy bikes, solar panels, and commercial vehicles. Local company Panna Group currently has the largest market share at 31%.

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    The battery market in Bangladesh has grown significantly from 2014 to 2021, increasing from 6000 crore taka to an expected 12000 crore taka. Demand for batteries has also doubled in this period, from 18 lac units to a projected 40 lac units. The Accumulator and Battery Manufacturers and Entrepreneurs’ Association of Bangladesh expects the market will double again to 24000 crore taka and 85 lac units within the next five years, driven primarily by demand from easy bikes, solar panels, and commercial vehicles. Local company Panna Group currently has the largest market share at 31%.

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    8 views6 pages

    Untitled Presentation

    Uploaded by

    wzpdcl
    The battery market in Bangladesh has grown significantly from 2014 to 2021, increasing from 6000 crore taka to an expected 12000 crore taka. Demand for batteries has also doubled in this period, from 18 lac units to a projected 40 lac units. The Accumulator and Battery Manufacturers and Entrepreneurs’ Association of Bangladesh expects the market will double again to 24000 crore taka and 85 lac units within the next five years, driven primarily by demand from easy bikes, solar panels, and commercial vehicles. Local company Panna Group currently has the largest market share at 31%.

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    of 6

    Battery Market Size in Bangladesh

    Tk 6000 Crore Tk 8000 Crore Tk 12000 Crore


    FY 2014-2015 FY 2017-2018 FY 2020-2021

    Market size will be doubled


    Within Next 5 Years
    (About Tk 24,000 Crore)

    According To
    Accumulator and Battery Manufacturers and Entrepreneurs’ Association of Bangladesh (ABMEAB)
    Battery Market Demand in Bangladesh
    Demand 18 Lac Unit Demand 26 Lac Unit Demand 40 Lac Unit
    FY 2014-2015 FY 2017-2018 FY 2020-2021

    Market size will be doubled


    Within Next 5 Years
    (About 85 Lac Unit)

    According To
    Accumulator and Battery Manufacturers and Entrepreneurs’ Association of Bangladesh (ABMEAB)
    Key Demand Generator in Bangladesh

    15%
    Hybride Car/Easy Bike

    20% IPS/Solar Pannel/Industries


    65%
    Commercial Vehicles
    Battery Manufacturing Companies By Market share:

    4% 3% Local Chines Company


    7% Panna Group
    31% Rahimafrooz
    8%
    Hamko Group

    6% Navana Batteries
    Saif Power
    Confidence Batteries
    11%
    Others
    16%
    Imported
    14%
    The hottest market in the battery industry
    (a) Easy bikes(Tri-wheeler)
    More than 1.0 million Easy Bikes
    EASY BIKES
    are running throughout the country

    Each vehicle consists


    EASY BIKES
    of 4-5 batteries.

    Each Battery expired


    EASY BIKES
    within 6-8 months

    Around 40 Million Battery needed


    per year EASY BIKES

    22/09/2022 5
    The hottest market in the battery industry
    (b) Hybrid Car

    22/09/2022 6

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