Alkaline Battery Market

Alkaline Battery Market Size (2024-2029):

The Global Alkaline Battery Market was calculated to be US$ 8.85 billion in 2023 and is foreseen to reach over US$ 12.26 billion by 2029, with a current CAGR of 6.73% between 2024 and 2029.

Market Trends:

The change in packaging techniques for alkaline batteries is the latest trend in the worldwide alkaline battery market. Alkaline battery manufacturers are changing their battery packaging techniques to provide more convenience for their customers. More space for active materials has been created in the given standard cell size, and this capacity has escalated. Charging secondary alkaline batteries can cause them to break. Hazardous liquid leakage from damaged batteries can corrode equipment or devices. These are some of the limitations of the alkaline battery market. Primary batteries are made up of different chemicals that undergo various chemical reactions during battery manufacture. Some of the chemicals in batteries are toxic and dangerous to the environment if not disposed of properly.

Market Drivers:

Alkaline battery companies are experiencing declining sales and are continually advancing their batteries to overcome this drop in sales. Many companies are making progress on their batteries to increase their lifespan, for example, a Basalt startup claims to be developing a solid-state alkaline battery that can replace lithium-ion batteries. These advancements in alkaline battery technology are predicted to support the expansion of the global alkaline battery market in the near future. Consumer spending has escalated dramatically around the world due to escalating urbanization and new job opportunities. This is predicted to increase spending on electronics over time, promoting the call for alkaline batteries.

Market Restraints:

The market for alkaline batteries is limited due to the growing popularity of alternative technologies such as rechargeable batteries. Rechargeable batteries have gained immense popularity as they are long-lasting and environmentally friendly replacements for non-rechargeable batteries, compared to batteries made with alkaline batteries. Rechargeable batteries also offer long-term economic benefits and escalated durability. As consumers have embraced portable devices such as cell phones, laptops, cordless power tools, and MP3 players, the need for rechargeable batteries has escalated dramatically over the years.

Market Opportunities:

During the foreseen period, the growing call for battery-powered toys is predicted to drive the demand for alkaline batteries. The use of primary batteries such as alkaline ones in electronic toys is predicted to boost the market. The growing call for battery-operated toys is supposed to have a positive impact on the expansion of the global alkaline battery market.

Market Recent Developments:

• Duracell launches a new "Duracell Ultra" alkaline battery. It would provide up to 100% more power. According to the brand, the new top battery responds to the growing popularity of power-hungry devices.
• Panasonic Energy continued its tradition of innovation with the launch of a new high-end battery. The new battery, EVOLTA NEO, is the longest alkaline battery ever made by Panasonic, thanks to revolutionary new design features including adding money to the manufacturing process.

ALKALINE BATTERY MARKET REPORT COVERAGE:

Market Segmentation:

Alkaline Battery Market - By Battery Type:

• Primary Alkaline Battery
• Rechargeable Alkaline Battery

Among these, the primary alkaline battery segment contributed around 76.3% market share in 2021.

Alkaline Battery Market - By Size:

• 9V
• AA
• AAA

Among these, the AA-size alkaline battery segment is predicted to grow at a CAGR of 1.4% during the projection period.

Alkaline Battery Market - By Application:

• Remote Control
• Consumer Electronics
• Toys
• Others

Of these, the consumer electronics segment is likely to grow at a CAGR of 2.9% over the foreseen period. 

Market Regional Analysis:
The Alkaline Battery Report includes the segmentation of Regions with their respective Countries.

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa 

In terms of region, Asia-Pacific countries like India, China, and Japan are investing heavily in alkaline battery development. These batteries are widely employed in inverters to store electricity. North America offers great potential for the alkaline battery market. The use of alkaline batteries is predicted to increase in North America due to escalated power calls. North America generated $ 3.46 billion in 2019 in terms of revenue. This expansion is attributable to the contribution of the United States, which is experiencing escalated consumer spending, as well as escalated adoption of consumer electronics. Apart from this, alkaline batteries are employed in industrial, healthcare, and military applications. In addition, escalating investments in the health sector in this region would increase market expansion.

European countries such as Germany, France, Sweden, and the United Kingdom are highly focusing on investments in infrastructure for the development and improvement of alkaline batteries for electrical devices. The European Union is committed to the recycling of disposable alkaline batteries, thus reducing environmental pollution. The alkaline battery market in the Middle East and Africa is supposed to expand in the near future. Countries like Saudi Arabia, Kuwait, Bahrain, and Qatar have invested heavily in developing infrastructure for the manufacture of alkaline batteries.

Market Key Players:

Major Players in the Global Alkaline Battery Market are

1. Duracell Inc
2. Energizer Holdings Inc
3. Panasonic Corp
4. Spectrum Brands Holdings Inc
5. Toshiba International Corp
6. Camelion Batterien GmbH
7. Sony, FDK Corp
8. Samsung Electronics
9. Nanfu (China)