Market Snapshot:
Alkaline batteries are composed of zinc and manganese dioxide as electrodes. The alkaline electrolyte used in the manufacturing process of batteries is either sodium hydroxide or potassium hydroxide. Alkaline batteries have a steady voltage, offering high energy density and leakage resistance compared with carbon-zinc batteries. This is mainly because of the manganese dioxide in the anode, which is very dense and pure, thereby reducing the space taken up by internal components. Also, Stay up-to-date with latest research insights on "
rechargeable battery market sizing and growth outlook".
Highlights from Alkaline Battery Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
CAGR | 5.1% |
The key Vendors profiled in the report are GPB International Limited (Hong Kong), Maxell (Japan), Nanfu (China), Duracell (Switzerland), PKCELL (China), Camelion (Germany), EVE Energy Co. Ltd. (China), Energizer Holdings (United States), Panasonic (Japan), Toshiba (Japan) and Zheijiang Mustang Battery Co. Ltd. (China).
Geographic Breakdown and Segment Analysis
The Global Alkaline Battery market presents a comprehensive analysis of the Alkaline Battery market by product type (Primary Battery and Rechargeable Battery), by end-user/application (Consumer Electronics, Toys, Radios, Remote Control and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Alkaline Battery industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Alkaline Battery market
Analyst at AMA have segmented the market study of Global Alkaline Battery market by Type, Application and Region. On the basis of application, Consumer Electronics segment is dominating the market and hold 37.5% of market share.
Influencing Trend:
Manufacturers are Focusing on the Development of Recycled Alkaline Batteries with More Shelf Life
Market Growth Drivers:
Upsurged Consumer Spending in Electronics across the World and Market Players are Changing their Battery Packaging Technique
Challenges:
Leakage of Hazardous Liquids from Damaged Batteries and The Threat of Rechargeable batteries and Substitute Products
Restraints:
The Advent of New Battery Technologies Includes Lithium-Ion Batteries
Opportunities:
The growth in the Demand for Recycled Products and Various Countries Government Implemented Norms that Require Recycling of Scraped Batteries
Market Developments Activities:
In February 2022, Andely plans to acquire 15% equity of Nanfu battery parent company to transform the alkaline battery enterprise by 1.35 billion and and that the net amount raised after deducting the related offering fees would be used to acquire a 15% stake in Asia Jin Technology.
In April 2019, Duracell launched alkaline batteries. Duracell Chhota Power’s unique formula has been optimized for common devices in Indian households, including remotes, such as the one for the Set-Top Box. Duracell Chhota Power batteries are available for millions of Indian families – for just 17 Rupees a battery.
Regulatory Insights:
"Shippers of batteries and battery-powered products also should note that all batteries, regardless of chemistry (e.g., alkaline, lithium, lead, nickel-metal hydride, carbon-zinc, etc., or battery-powered products) are subject to 49 CFR 173.21(c) in the United States hazardous materials regulations."
Alkaline Battery market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Target Audience
Alkaline Battery Manufacturers, Raw Material Distributors/Suppliers, Technology Providers, Government Regulatory Bodies, Alkaline Battery Distributors, End Users and Others