The global alkaline battery market is poised to grow by $ 493.10 million between 2020-2025, with a CAGR of 1.4% over the foreseen period.
Alkaline battery manufacturers are highly focusing on developing batteries that offer better energy efficiency and longer life. Technological advances are emerging to reduce the cost of manufacturing alkaline batteries with the aim of providing safe and environmentally friendly electrical solutions. Alkaline batteries consist of standard cylindrical shapes, which are interchangeable with zinc-carbon batteries. They are chemically composed of metallic zinc and manganese dioxide. Alkaline batteries are employed in a wide range of applications. The call for electricity has escalated exponentially around the world. The governments of several countries are undertaking the modernization and development of their electricity generation infrastructure. Developed and developing countries are striving to develop new infrastructure for the production, transmission and distribution of electricity. They are also reorganizing the existing infrastructure. Alkaline batteries are an important part of the device's power supply. Therefore, the escalatingcall for electricity, especially in the electronics industry, is predicted to drive the global alkaline battery market. The amount of current alkaline battery emitted is roughly proportional to its physical size.
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 technique to provide more convenience for their customers. More space for active materials has been created in a 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.
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.
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 a long-lasting and environmentally friendly replacement 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.
During the foreseen period, growing call for battery-powered toys is predicted to drive the demandfor 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.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 – 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 - 2025 |
|
CAGR |
1.4% |
|
Segments Covered |
By Product, Type, Consumption, Distribution Channel and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Duracell Inc., Energizer Holdings Inc., Panasonic Corp., Spectrum Brands Holdings Inc., Toshiba International Corp., Camelion Batterien GmbH, Sony, FDK Corp., Samsung Electronics and Nanfu (China). |
By battery type:
Among these, the primary alkaline battery segment contributed around 76.3% market share in 2020.
By size:
Among these, AA-size alkaline battery segment is predicted to grow at CAGR of 1.4% during the projection period.
By application:
Of these, the consumer electronics segment is likely to grow at a CAGR of 2.9% over the foreseen period.
Alkaline Battery Market Regional Analysis:
The Alkaline Battery Report includes the segmentation of Regions with their respective Countries.
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 call.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.
Alkaline Battery Key Players:
Major players in the global alkaline battery market are Duracell Inc., Energizer Holdings Inc., Panasonic Corp., Spectrum Brands Holdings Inc., Toshiba International Corp., Camelion Batterien GmbH, Sony, FDK Corp., Samsung Electronics and Nanfu (China).
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Alkaline Battery Market, By Battery Type
6.1.1 Primary
6.1.2 Rechargeable
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Alkaline Battery Market, By Application
6.2.1 Remote Control
6.2.2 Toys
6.2.3 Consumer Electronics
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Alkaline Battery Market, By Size
6.3.1 9V
6.3.2 AA
6.3.3 AAA
6.3.4 Market Size Estimations & Forecasts (2019-2024)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Battery Type
7.2.3 By Application
7.2.4 By Size
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Battery Type
7.3.3 By Application
7.3.4 By Size
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Battery Type
7.4.3 By Application
7.4.4 By Size
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Battery Type
7.5.3 By Application
7.5.4 By Size
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Battery Type
7.6.3 By Application
7.6.4 By Size
8. Key Player Analysis
8.1 Duracell Inc
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Panasonic Corp
8.3 Toshiba International Corp
8.4 Energizer Holdings Inc
8.5 Spectrum Brands Holdings Inc
8.6 Samsung Electronics
8.7 Camelion Batterien GmbH
8.8 Sony
8.9 FDK Corp
8.10 Nanfu
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
