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Global Alkaline Battery Market size was valued at USD 6.49 billion in 2021 and is poised to grow from USD 6.9 billion in 2022 to USD 10.52 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030).

The Alkaline Battery market is relatively fragmented, with a high level of competition. Few large players, like Duracell Inc., Energizer Holdings Inc., and EnerSys, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. '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

Product ID: SQSG20D2008