Alkaline Battery Market
Alkaline Battery Market Trend, Opportunity, and Forecast Analysis, 2024-2032
Alkaline Battery Market is segmented by Product, Size, Application, and by Region. KDMI analyst foresees market revenue to cross USD 15.16 Billion by 2032 by growing with a CAGR of 5.09% during 2024-2032.
Alkaline Battery Market Highlights
The global alkaline battery market is expected to cross a value of USD 15.16 billion by the end of 2032. The market was valued at USD 9.28 billion in 2023 and is expected to expand at a CAGR of 5.09% between 2024-2032.
- Over the mid-term, the rising demand for electronic products is the primary factor anticipated to drive the global alkaline battery market.
- The availability of green alternatives is a major factor to challenge the market growth.
- The North America alkaline battery market is projected to dominate the global market.
Alkaline Battery Market: Report Scope |
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Base Year |
2023 |
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Base Year Market Size |
USD 9.28 Billion |
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Forecast Year |
2024-2032 |
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Forecast Year Market Size |
USD 15.16 Billion |
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CAGR Value |
5.09% |
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Alkaline Battery Market Key Trends/Major Growth Drivers |
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Restraint Factors |
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Alkaline Battery Market Segmentation |
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Alkaline Battery Market Key Players |
Duracell Inc., Energizer Holdings, Gold Peak Industries Limited, Camelion Batterien GmbH, Sony, Toshiba International Limited, Zhejiang Mustang Battery Co. Limited, Panasonic Corporation, Maxell Holdings Limited, GBP International Limited, FDK Corporation, and others. |
Alkaline Battery Market Outlook
An alkaline battery is a type of disposable battery that uses an alkaline electrolyte, typically potassium hydroxide, to produce electrical energy through a chemical reaction. It is a common type of primary battery, meaning it is non-rechargeable and intended for single use.
According to our experts at KD Market Insights, one of the primary factors associated with the growth of the global alkaline battery market is the rising demand for electronic products globally. Our researchers predict that the sales of consumer electronic products would increase massively by the end of the forecast period and generate a revenue near to USD 1500 billion by 2032 by growing with a CAGR of around 8% during the forecast period. Consumer electronic products, especially portable electronic devices have witnessed a massive boom in the recent years. With the growing proliferation of these products, the demand for alkaline batteries is expected to grow. Duracell Inc., Energizer Holdings, Gold Peak Industries Limited are some of the significant parties in the global market for alkaline battery.
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Alkaline Battery Market Drivers – Analyst’s Observation
According to the analysts at KD Market Insights, some key growth drivers for the global alkaline battery market are:
- Increasing Need to Replace Zinc Carbon Batteries: Alkaline batteries are known to have higher energy density and longer shelf life as compared to zinc carbon batteries. Our researchers have found that alkaline batteries have up to 8 times the battery life of zinc carbon. Moreover, alkaline batteries are also known to perform better as compared to zinc carbon, as a result of which, it is a preferred choice by electronic product manufacturers for various applications. Hence, the increasing need to replace zinc carbon batteries is expected to drive the demand for alkaline batteries, and in turn, contribute to the market growth.
- Growing Advancements in Alkaline Battery Technology: Alkaline battery manufacturers around the globe are continuously working on to bring about more advanced batteries that have greater energy density, longer shelf life and enhanced performance characteristics. The manufacturer of these batteries are also working on developing rechargeable alkaline batteries to make it more sustainable and eco-friendly, making them an attractive choice for environmentally conscious consumers. Our researchers have also found that alkaline battery manufacturers are working on mercury-free formulations and increased recycling programs to lower the environmental footprint of alkaline batteries. Such advancements in the manufacturing of these batteries is predicted to contribute to the market growth.
Which Probable Factors Could Hamper the Growing Alkaline Battery Market Trend?
As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of alkaline battery are:
- Availability of Green Alternatives: Although the manufacturers of alkaline batteries are working on lowering their environmental footprint, the growing availability of alternative green batteries that have much lower impact on the environment and provide greater benefits as compared to alkaline batteries, is poised to restrict the market growth.
- Growing Concern for Market Saturation: The rise in concern for the saturation of the market in terms of the demand for alkaline batteries, particularly in developed economies, where there is high level of competition, may pose a threat to the players associated with alkaline batteries. Such a factor is therefore predicted to limit the market growth in the coming years.
How is the Global Alkaline Battery Market Segmented?
Our experts at KD Market Insights have segmented the global alkaline battery market as:
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By Product |
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By Size |
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By Application |
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By Region |
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What are the Probable Factors Influencing the North America Alkaline Battery Market Forecast?
The North America alkaline battery market is majorly driven by the widespread use of consumer electronics, such as smartphones, laptops, tablets, and other portable audio devices. According to the statistics by the Pew Research Center, smartphone ownership in the United States reached 90% as of September 2023, up from 77% in January 2018. On the other hand, the rising need amongst consumers to stock up on emergency supplies, including batteries, as a measure of emergency preparedness and disaster response to hurricanes, wildfires, and power outages, is also expected to contribute to the market growth in the region.
As per our analysts at KD Market Insights, the following five players lead the North America alkaline battery market growth:
- Duracell (Procter & Gamble)
- Energizer Holdings Inc.
- Rayovac (Spectrum Brands)
- AmazonBasics (Amazon.com, Inc.)
- Panasonic Energy Corporation of America
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Key Countries to Watch for in North America Alkaline Battery Market |
Key Insights |
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United States Alkaline Battery Market to Register the Largest Regional Market Share in 2032 |
USD 4.4 Billion |
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Canada Alkaline Battery Market to Grow with the Highest CAGR During 2024-2032 |
5.3% |
Which Key Players Top the Global Alkaline Battery Market Share?
As per our analysts at KD Market Insights, the competitive landscape of global alkaline battery market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with alkaline battery market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global alkaline battery market share:
- Duracell Inc.
- Energizer Holdings
- Gold Peak Industries Limited
- Camelion Batterien GmbH
- Sony
- Toshiba International Limited
- Zhejiang Mustang Battery Co. Limited
- Panasonic Corporation
- Maxell Holdings Limited
- GBP International Limited
- FDK Corporation
What are the Recent Developments Observed in the Alkaline Battery Market?
Over the years, the experts at KD Market Insights have been observing the recent developments associated with global alkaline battery market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.
For instance, Eveready Industries India stated that it has launched an improved Ultima alkaline battery range. These batteries are known to have 400% longer-lasting claim.
Further, Duracell shared its plan to expand its manufacturing facilities in North America to meet the growing demand for alkaline batteries.
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- Publication date: 8th April 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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