Alkaline Battery Market Trends

Skyquest Technology's expert advisors have carried out comprehensive research on the alkaline battery market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.

Alkaline Battery Market Dynamics

Alkaline Battery Market Driver

Cost-effective, durable, and long-life cycle is the major driving factor.

  • Increasing not reusable income in various developing economies and growing demand for portable items are major driving factors for the industry. Automated and remote household equipment is a chief reason for the increasing demand for alkaline batteries.
  • Development in technology led to various mobile devices which require an alkaline battery to operate and due to its small size and long lifecycle, the demand for alkaline batteries is at an all-time high and will drive the market during the analysis period.

Alkaline Battery Market Restraint

Rechargeable batteries are a major competitor and slow down-market growth.

  • The ease to use of rechargeable lithium-ion exchange batteries are the main competitor for alkaline batteries. Non-rechargeable properties of alkaline batteries and having to exchange with a new one after discharge of the used batteries are restricting their usage in various areas which could have contributed to its growth otherwise.

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Alkaline Battery Market size was valued at USD 8.56 Billion in 2023 and is poised to grow from USD 9.01 Billion in 2024 to USD 13.57 Billion by 2032, growing at a CAGR of 5.24% during the forecast period (2025-2032).

'Duracell Inc ', 'Energizer Holdings Inc. ', 'Panasonic Corporation ', 'Toshiba Corporation ', 'GP Batteries International Ltd. ', 'Rayovac ', 'Sony Corporation ', 'Fujitsu Limited ', 'Hitachi Maxell Ltd. ', 'Samsung SDI Co., Ltd. ', 'Spectrum Brands Holdings, Inc. ', 'Varta Consumer Batteries ', 'Zhongyin (Ningbo) Battery Co., Ltd. ', 'PKCELL Battery Co., Ltd. ', 'Eveready Industries India Ltd. ', 'Camelion Battery Co., Ltd. ', 'Gao Huan Photoelectric Technology Co., Ltd. ', 'Sunwoda Electronic Co., Ltd. ', 'LEOCH Battery Corporation ', 'Ningbo Baowang Battery Co., Ltd. '

Increasing not reusable income in various developing economies and growing demand for portable items are major driving factors for the industry. Automated and remote household equipment is a chief reason for the increasing demand for alkaline batteries.

Growing innovation in the technology and advancement of alkaline batteries are the major market trend. The increased use of carbon in the cathode blend to increase life cycle and power efficiency is a recent development in alkaline batteries. The increased power and life cycle will drive the market growth of the alkaline battery market during the forecast period.

In 2021, the North American region accounted for 51% of market revenue, which is the largest portion of the alkaline battery market. It’s because the growing demand for consumer electronics products in the region and the use of alkaline batteries in the field of healthcare instruments, military objects, and various industries will contribute to North America’s supremacy in the alkaline battery market throughout the analysis period.

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Alkaline Battery Market
Alkaline Battery Market

Report ID: SQSG20D2008

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