Alkaline Battery Market

Alkaline Batteries Market – Overview

Alkaline batteries consist of manganese dioxide and zinc metal and are available in cylindrical form and can be interchanged with zinc-carbon batteries. The increasing demand for electricity has propelled the need for alkaline batteries as they are used in a wide range of appliances running on electricity for charging purposes. Alkaline batteries serve as an important component of power source in appliances and thus, the rising demand for several electrical appliances indirectly propels the demand for alkaline batteries, thereby augmenting the growth of this market. Such factors are likely to continue so during the forecast period, set between 2021 and 2031.

Alkaline batteries can be used on tracking devices, watches, radios, calculators, smoke detectors, portable stereos, telephone, toys, lanterns, compact disc players, flashlights, and other consumer goods that are present in almost all residences. The increasing rate of consumer expenditure and rising demand for electronic products are also considered key factors augmenting the growth of the global alkaline batteries market. Alkaline batteries consist of manganese and zinc. Such batteries also have high energy density, and are used in major electronic toys, clocks, and wireless devices, the demand for which will propel the growth of this market in the future.

The report on the global alkaline batteries market offers a 360-degree overview of the market and its prime growth trajectories such as drivers, restraints, challenges, and upcoming growth trajectories. It also discusses the table of segmentation and mentions the name of the leading segment with factors attributing to its growth. Besides this, the report also lists the impact of the novel COVID19 pandemic and how it can shapes the future of this market during the forecast period. For more information on this market, log on to the company website.

Alkaline Batteries Market – Competitive Landscape

The nature of market for Alkaline Batteries is consolidated on account of the presence of a few players. Companies operating in this market are investing majorly on the development of better energy efficient batteries with longer battery life. They are also ensuring that these batteries meet the safe electrical handling and environment-friendly rules abided by the governments so as to ensure safe use. Some other players are investing in collaborative efforts such as merger and acquisition and joint ventures to ensure a safe position in the overall market competition.

Some of the key players of the global Alkaline Batteries Market include:

• Zheijiang Mustang
• Duracell
• Panasonic
• Camelion Batteries GmbH
• Spectrum Bands
• Energizer Holdings
• Other players

Alkaline Batteries Market – Innovation

• September 2020 – IKEA declared their plans of putting a halt to rechargeable alkaline batteries w.e.f. 2022 onwards in order to set an example of a sustainable life at home. The company also ensures that they will remove all non-rechargeable alkaline batteries from their global home furnishing range.

Alkaline Batteries Market – Growth Drivers

Alkaline batteries are used widely in remote controls, radios and toys, and most of the consumer electronic goods and thus, the demand for these products has an indirect impact on the alkaline batteries. With the rising dependency on gadgets and electronic appliances, there is an expected continual uprise rate of growth for this market during the forecast period. The increasing popularity of smart homes, home automation, and rising adoption of consumer IoT is further expected to create new growth opportunities for this market in the future.

Alkaline Batteries Market – Geographical Insights

Geographically, North America holds notable revenues and will hold dominance for the global alkaline batteries market. This is accountable to the rising adoption rate of consumer electronic products and high rate of consumer expenditure on the same. On the other side, Asia Pacific is likely to witness notable growth in the coming years on account of the rising demand for electronic products. Besides this, the rise in disposable incomes of people, increased living standards, and growing consumer demand for electronic goods will also help this region give a tough competition to North America in the forecast period.