The global demand for batteries is increasing, and Bangladesh is no exception. In recent years, the country has seen a surge in battery manufacturing, with local companies striving to meet the growing demand for batteries. According to recent reports, battery manufacturers in Bangladesh are targeting to raise their annual export to $250mn. In this article, we will discuss the reasons behind this target and the efforts made by local battery manufacturers to achieve it.
Demand for batteries
The demand for batteries has increased significantly in Bangladesh due to the rapid growth of the automobile industry, the widespread use of mobile phones, and the increasing popularity of renewable energy solutions. As a result, local battery manufacturers have been expanding their operations to meet the growing demand. These manufacturers have been producing a wide range of batteries, including lead-acid batteries for vehicles, lithium-ion batteries for mobile phones, and solar batteries for renewable energy solutions. Visit techoffersbd for more updates.
To achieve their target of raising annual exports to $250mn, local battery manufacturers have been implementing various strategies. One of the primary strategies is to improve the quality of their products. They have been investing in research and development to produce batteries that are more efficient, durable, and long-lasting. This has helped them to gain a competitive edge in the market and attract more customers.
Another strategy adopted by local battery manufacturers is to focus on export markets. They have been exploring new markets in Southeast Asia, Africa, and the Middle East to increase their exports. They have been participating in international trade fairs and exhibitions to showcase their products and network with potential buyers. This has helped them to expand their customer base and increase their exports.
Furthermore, local battery manufacturers have been investing in modern manufacturing technologies to increase their production capacity and improve their efficiency. They have been using automation and robotics to reduce labor costs and improve the quality of their products. This has enabled them to produce batteries at a lower cost, making them more competitive in the market.
Local battery manufacturers in Bangladesh are striving to raise their annual exports to $250mn by improving the quality of their products, focusing on export markets, and investing in modern manufacturing technologies. With the growing demand for batteries in the country and the increasing competitiveness of local manufacturers, it is likely that this target will be achieved in the near future.
Top battery manufacturers in the Bangladesh
The country has several battery manufacturers that cater to the needs of consumers and businesses. In the below; we will discuss some of the top battery manufacturers in Bangladesh.
- Rahimafrooz Batteries Limited
Rahimafrooz Batteries Limited is one of the oldest and most reputable battery manufacturers in Bangladesh. The company has been in operation for over 60 years and has a diverse range of products, including automotive batteries, solar batteries, and industrial batteries. They are known for their commitment to quality and have received various awards for their products.
- Navana Batteries Limited
Navana Batteries Limited is another top battery manufacturer in Bangladesh that has been operating for over two decades. The company is a joint venture between Navana Group and Japan Storage Battery Co. Ltd. They offer various battery solutions for automotive, motorcycle, and solar applications. The company is known for its high-quality products and excellent customer service.
- Globe Battery Industries
Limited Globe Battery Industries Limited is a popular battery manufacturer in Bangladesh that produces various types of batteries for automotive, motorcycle, and solar applications. The company has been in operation for over a decade and has built a reputation for its quality products and competitive pricing.
- Elite Power Limited
Elite Power Limited is a relatively new battery manufacturer in Bangladesh that started operations in 2017. Despite being a newcomer, the company has quickly gained popularity due to its high-quality products and excellent customer service. Elite Power Limited produces batteries for automotive, motorcycle, and solar applications.
- Phoenix Batteries Limited
Phoenix Batteries Limited is a leading battery manufacturer in Bangladesh that produces batteries for automotive, motorcycle, and industrial applications. The company has been in operation for over two decades and has built a reputation for its high-quality products and excellent customer service.