Alkaline Battery Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40851
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The alkaline battery market has the potential to grow by USD 642.07 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 1.41%.

This alkaline battery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (primary battery and secondary battery) and geography (North America, Europe, APAC, South America, and MEA). The alkaline battery market report also offers information on several market vendors, including Battery Specialties, Camelion Battery Co. Ltd., Duracell Inc., Energizer Holdings Inc., FDK Corp., Gold Peak Industries Holdings Ltd., Maxell Holdings Ltd., Panasonic Corp., Toshiba Corp., and Zhejiang Mustang Battery Co. Ltd among others.

What will the Alkaline Battery Market Size be in 2021?

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Alkaline Battery Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increase in consumer spending is notably driving the alkaline battery market growth, although factors such as the threat of rechargeable batteries and alternative chemistries may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the alkaline battery industry get your FREE report sample now.

  • The demand for alkaline batteries from consumer electronics due to high consumer spending is driving the alkaline battery market. 
  • The number of earning members per family and the disposable income has increased globally due to the growing urbanization and new employment opportunities.
  • High consumption expenditure drives the alkaline battery market by encouraging the sales of electronic devices that use alkaline batteries.
  • The increased standard of living encourages people to buy electronic devices such as televisions, electronic toys, remote controls, and wall clocks that use alkaline batteries.
  • The favorable characteristics of alkaline batteries will drive the market growth during the forecast period.
  • Alkaline batteries have favorable characteristics such as higher capacity, longer shelf life, and leak resistance.
  • The adoption of alkaline batteries has also increased as they are reliable and effective.
  • Alkaline batteries do not contain any hazardous chemicals, and most of them are mercury-free. Therefore, they are environment-friendly and can be disposed of safely after use.
  • Alkaline batteries offer almost the same benefits as rechargeable batteries but at a lower price. 

This alkaline battery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Alkaline Battery Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Battery Specialties
  • Camelion Battery Co. Ltd.
  • Duracell Inc.
  • Energizer Holdings Inc.
  • FDK Corp.
  • Gold Peak Industries Holdings Ltd.
  • Maxell Holdings Ltd.
  • Panasonic Corp.
  • Toshiba Corp.
  • Zhejiang Mustang Battery Co. Ltd

 

The alkaline battery market is concentrated and the vendors are deploying growth strategies such as differentiating their product offerings through a clear and unique value proposition to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the alkaline battery market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Alkaline Battery Market?

Alkaline-Battery-Market-Market-Share-by-Region-2020-2025

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46% of the market’s growth will originate from North America during the forecast period. The US is a key market for alkaline batteries in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

An increase in the sales of consumer electronics will facilitate the alkaline battery market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Alkaline Battery Market?

Alkaline-Battery-Market-Market-Share-by-Product-2020-2025

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The alkaline battery market share growth by the primary battery segment will be significant during the forecast period. Primary alkaline batteries will retain their dominance in the market owing to their range of applications, easy availability, and stability in different climates and environments. The demand for these batteries is expected to remain steady for a few years owing to the limited number of batteries with equal performance batteries at comparable price points. Such factors are expected to boost the primary alkaline battery segment. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the alkaline battery market size.

 

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What are the Key Factors Covered in this Alkaline Battery Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive alkaline battery market growth during the next five years
  • Precise estimation of the alkaline battery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the alkaline battery industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of alkaline battery market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The alkaline battery market growth will increase by $493.35 million during 2019-2024.
The alkaline battery market is expected to grow at a CAGR of 1.09% during 2019-2024.
Technavio has segmented the alkaline battery market by product (Primary battery and Secondary battery) and geographic (North America, Europe, APAC, South America, and MEA).
Camelion Batterien GmbH, Duracell Inc., Energizer Holdings Inc., FDK Corp., Gold Peak Industries (Holdings) Ltd., Maxell Holdings Ltd., Panasonic Corp., Spectrum Brands Holdings Inc., Toshiba International Corp., Zhejiang Mustang Battery Co. Ltd. are a few of the key vendors in the alkaline battery market.
North America will register the highest growth rate of 38.18% among the other regions. Therefore, the alkaline battery market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the alkaline battery market growth are:
  • Increase in consumer spending
  • Alkaline batteries replacing zinc-carbon batteries
The alkaline battery market vendors should focus on grabbing business opportunities from the primary battery segment as it accounted for the largest market share in the base year.
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