Alkaline Battery Market 2023 - By Type (Primary, Rechargeable) By Size (9V, AA, AAA, Others) By Application (Remote Control, Consumer Electronics, Toys, Others) and Global Region - Market Size, Trends, Share & Forecast 2032
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Get FREE Report SampleGlobal alkaline battery market is expected to reach USD 6,646.1 Million in 2023. Further, global alkaline battery market is predicted to thrive at a CAGR of 2.1% over the forecasted period. The drivers of growth will vary by region. Growth in developing areas such as China and Japan will result from strong economic growth and solid demand for battery-enabled consumer electronic products.
Further, the high consumption rate of consumer electronics and high net worth income of population are major factors that are driving the demand of alkaline batteries in developed region. In addition to this, the global alkaline battery market size is projected to witness a Y-O-Y growth of 1.9% in 2023 as compared to previous years.
Source: KDMI Analysis, Secondary Research, Primary Research, Association, Government Organizations
Alkaline battery manufacturing companies are witnessing decline in sales and are continuously making advancements in their batteries to overcome this declining sale. Many companies are advancing their batteries to increase their shelf life, for instance, a start-up company Basalt is claiming that they are developing a solid-state alkaline battery that can replace lithium-ion batteries. Such advancements in alkaline battery technology are projected to bolster the growth of alkaline battery market in near future.
Alkaline battery Market Segmentation
The research offers a comprehensive analysis of alkaline battery market with respect to following sub-markets:
By Type
Based on type, the market has been segmented into primary and rechargeable. In 2022, primary alkaline battery market accounted for major percentage of market share across the globe and is expected to continue its dominance during the forecast period.
By Application
On the basis of application, the global market for alkaline battery has been segmented into remote control, consumer electronics, toys and others, out of which, consumer electronics held a commendable market share in 2022.
Geographical Analysis
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report. North America alkaline battery market accounted for a market share of 45.1% in 2022 and further, is expected to stood at a market share of 42.3% by the end of 2032.
Market Growth Drivers
In the world today, people cannot live without technologies such as televisions, air conditioners and others. Alkaline battery has been powering numerous devices over many years. However, with development of new battery technologies such as lithium-ion batteries, demand for alkaline battery has weakened across the globe. But, few remarkable emerging applications of alkaline battery are expected to keep alkaline battery demand positive in upcoming years. These applications are home automations, medical devices, fitness tracking devices and others.
Alkaline batteries are ideal for toys. Alkaline batteries can be used for remote-controlled cars or for a video game controller. Their long lasting capacity makes them superior choice for toys. Since , global toy industry is on rise and toy sales in the United States, the world’s largest toy market, grew by 1 percent to $20.7 billion in 2017. Further, this growth in toys industry is likely to drive the expansion of global alkaline battery market in upcoming years.
Competitive Landscape
The report profiles various major market players in global alkaline battery market including Duracell, Energizer Holdings, Panasonic Corporation, Toshiba, GP Batteries International Limited, FDK Corporation, Maxell Holdings Ltd, Sony, Samsung Electronics, Zhongyin (Ningbo) Battery and other major & niche players.
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in alkaline battery market.
Timeline Considered for Analysis:
- 2022: Base Year
- 2023: Estimated Year
- 2023 to 2032: Forecasted Year
Research Scope and Deliverables
- Overview & Executive Summary
- Market Drivers, Trends, Challenges and Opportunities
- Market Size and Forecast Projections
- Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
- Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
- Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global alkaline battery market by the following segments:
- Type
- Size
- Application
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
|
Attribute |
Information |
|
Market Value (2023) |
USD 6,646.1 Million |
|
CAGR (Forecasted Period) |
2.1% |
|
Growth Drivers |
- Strong economic growth in developing regions - High demand for battery-enabled consumer electronics - Advancements in alkaline battery technology |
|
Major Growth Regions |
China, Japan, and developed regions with high consumption of consumer electronics |
|
Year-on-Year Growth (2023) |
1.9% |
|
Source of Analysis |
KDMI Analysis, Secondary Research, Primary Research, Association, Government Organizations |
|
Notable Advancements |
Companies are enhancing alkaline batteries' shelf life and introducing solid-state alternatives to lithium-ion batteries |
|
Market Segmentation |
Type: Primary and Rechargeable Application: Remote Control, Consumer Electronics, Toys, and Others |
|
Dominant Type (2022) |
Primary Alkaline Batteries |
|
Dominant Application (2022) |
Consumer Electronics |
|
Geographic Analysis |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
|
North America Market Share (2022) |
45.1% |
|
North America Market Share (2032) |
42.3% |
|
Growth Drivers |
- Emerging applications (home automation, medical devices, fitness trackers) - Increasing toy industry |
|
Major Players |
Duracell, Energizer Holdings, Panasonic Corporation, Toshiba, GP Batteries International Limited, FDK Corporation, Maxell Holdings Ltd, Sony, Samsung Electronics, Zhongyin (Ningbo) Battery, and others |
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- Publication date: 29th May 2019
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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