Alkaline Battery Market

Alkaline Battery Market

Growth Factors of Alkaline Battery Market

The alkaline battery market size was valued at USD 8.36 billion in 2023, and the market is now projected to grow from USD 8.70 billion in 2024 to USD 13.70 billion by 2032, exhibiting a CAGR of 5.84% during the forecast period of 2023-2032.

Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the alkaline battery market growth. Due to lack of professional staff and huge number of covid cases, the preference shifted to treating covid patients as priority over the other procedures which led the alkaline battery market growth.

Increasing consumer expenditure to support alkaline battery demand will promote market growth during projected period. The country's economic stability is maintained in part by the GDP, which is largely composed of consumer expenditure. Large-scale usage of it in devices and home appliances raises consumer spending even more. As a result, throughout the projection period, rising consumer expenditure would support the demand for alkaline batteries. Growing consumer demand for electronics will quicken alkaline battery market growth during projected period. Every industry, including the military, medical, commercial, and industrial sectors, uses electronic products. It is utilized in electronic devices that are widely employed in daily activities. The usage of alkaline batteries will increase in the future due to the changing dynamics of portability and mobility in mobile computing and telecommunication, as well as the expansion of internet infrastructure.

The use of carbon in the cathode mixes as a result of battery advancements boosts efficiency. The demand for these batteries will be fueled by the notable advancement in the performance capabilities of alkaline batteries. Thus, one of the newest market trends is substantial technological progress.

Comprehensive Analysis of Alkaline Battery Market

The alkaline battery market and Power & Energy industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by product, by size and by application. The product segmentation includes, Primary and Secondary, by Size segmentation includes AA, AAA, 9 Volt, and others, while by Application segmentation includes Remote Control, Consumer Electronics, Toys & Radios, and others.

The North America region lead the alkaline battery market by benefitting a market size of USD 3.81 billion in 2023 due to robust healthcare infrastructure and rising consumer spending and the rate at which consumer electronics items are being adopted. It is also employed in industrial, military, and medical settings.

The top players in the market play a crucial role in the Power & Energy industry assuring industrial prospectus growth and setting market standards. These players include, Duracell Inc. (US), Energizer Holdings (US), Camelion Batterien GmbH (Germany), Gold Peak Industries (Holdings) Limited (Hong Kong), Sanyo (Japan), Sony (Japan), Maxell Holdings, Ltd. (Japan), Toshiba International Corp (US), Zhejiang Mustang Battery Co., Ltd. (China), Panasonic Corporation (Japan), FDK Corporation (Japan) and GPB International Limited (Germany) these market players provide a level-playing competitive landscape.

In July 2022, Duracell has announced the availability of Coppertop AA/AAA batteries, which now incorporate Duracell's innovative Power Boost chemicals. The brand's best alkaline batteries, Duracell Optimum, are now produced with 4x the proprietary Power Boost Ingredients vs. Copper tip with AA/AAA batteries to power all of this summer's outdoor pursuits, from moderate to intense. When compared to traditional Coppertop cells in many devices, new Duracell batteries with Power Boost components may offer higher power or a longer lifespan in some devices.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.84% over 2024 to 2032

Unit Value (USD Billion)

Segmentation By Product

• Primary
• Secondary

By Size

• AA
• AAA
• 9 Volt
• Others

By Application

• Remote Control
• Consumer Electronics
• Toys & Radios
• Others

By Geography

• North America
• By Product
• By Size
• By Application
• By Country

 The U.S.

 Canada

• Europe
• By Product
• By Size
• By Application
• By Country

 UK

 Germany

 France

 Italy

 Spain

 Russia

 Rest of Europe

• Asia Pacific
• By Product
• By Size
• By Application
• By Country

 China

 India

 Japan

 Australia

 Southeast Asia

 Rest of Asia Pacific

• Latin America
• By Product
• By Size
• By Application
• By Country

 Brazil

 Mexico

 Rest of Latin America

• Middle East & Africa
• By Product
• By Size
• By Application
• By Country

 GCC

 South Africa

 Rest of the Middle East & Africa