Battery

Driven by the automobile industry, the local battery market has been witnessing a significant growth rate of over 20% annually since 2013, reaching a market size of almost USD one billion in 2018. While the local battery industry primarily caters to two and three-wheeler vehicles, the increasing popularity of hybrid vehicles is expected to boost the demand for rechargeable batteries. In addition batteries are utilised in electronics devices such as smartphones, tablets, laptops and other devices that are increasingly popular in Bangladesh. This indicates a strong reason to choose Bangladesh as a location for producing these batteries.