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Global Alkaline Battery Market Outlook to 2029

Market Research Reports | 2024 Edition | Report ID: BQ02101
Global Alkaline Battery Market Outlook to 2029

Report Description

An alkaline battery is a primary battery that uses an alkaline electrolyte and derives energy from the chemical reaction between manganese dioxide and zinc metal. According to the BlueQuark Research and Consulting, the global alkaline battery market is expected to grow significantly during the forecasted period. Factors such as alkaline batteries are in high demand due to their versatility in powering everyday devices, which is expected to drive the alkaline battery market in the forecasted period. Further, the ever-increasing popularity of portable electronics like smartphones, tablets, wireless devices, and toys is expected to drive the alkaline battery market in the forecasted period. Furthermore, alkaline batteries are also highly used in medical applications as a power source for certain kinds of electronic thermometers, blood pressure monitors, pulse oximeters, and infusion pumps. Alkaline batteries are environment-friendly, are anticipated to be disposed of as trash, and do not require active collection and recycling. This likely drives the alkaline battery market in the forecasted period. However, due to high internal resistance, which decreases the battery's power output, the alkaline battery market faces increasing competition from rechargeable batteries, which is expected to restrain the alkaline battery market in the forecasted period. 

Alkaline batteries' extended life makes them ideal for powering smoke detectors and clocks for long periods. Additionally, their affordability fuels their use in frequently used items like remote controls, toys, radios, etc. Alkaline batteries are also found in industrial settings for powering remote sensors, security devices, and specialized tools. Critical medical equipment like glucose monitors, hearing aids, and thermometers often depend on the consistent power offered by alkaline batteries for accurate readings and reliable operation. 

Alkaline batteries are the dominant power source for many low-drain devices commonly encountered daily. These devices include toys, remote controls, clocks, calculators, radios, and many more. Numerous elements contribute to the widespread use of these alkaline batteries. Firstly, alkaline batteries offer a clear advantage for frequently used gadgets like remote controls, toys, and clocks. Their lower upfront cost compared to rechargeable options makes them a budget-friendly choice. Second, alkaline batteries are readily available at stores and online retailers, unlike waiting for a recharge. This widespread availability ensures a quick and easy replacement, keeping your devices running without interruption. Unlike rechargeable batteries that lose charge over time, alkaline batteries boast an impressive shelf life. Even after years in storage, they'll be ready to power your devices when needed. This makes them perfect for infrequently used gadgets like smoke detectors or emergency radios. Advancements in technology have further extended this shelf life, guaranteeing reliable power delivery. With the ever-increasing demand for consumer electronics and ongoing advancements in battery technology, alkaline batteries are expected to remain dominant in the portable power market.

Further, alkaline batteries cater to specific needs. Certain applications require a lower voltage than what rechargeable batteries typically provide, and alkaline batteries are ideally suited for these scenarios. Additionally, alkaline batteries become a lifeline in remote areas lacking access to standard power sources, ensuring critical devices can still operate. With the ever-growing global demand for power, the alkaline battery market is expected to see continued expansion. Furthermore, ongoing advancements in technology are continuously improving their performance. For instance, using carbon in the cathode mix has enhanced efficiency, further solidifying the position of alkaline batteries in portable power.

North America, particularly the United States, boasts a large and established market for alkaline batteries. This region holds the largest market share, driven by high consumer demand for electronic devices and a strong culture of disposable products. High adoption of new technologies and a willingness to spend on the latest gadgets keeps the demand high for alkaline batteries. The Asia-Pacific region is anticipated to be the dominant market force in the global alkaline battery market. This region is expected to grow fastest in the forecasted period due to a growing population with increasing disposable income and a rising demand for consumer electronics. Rapid economic development and a growing middle-class fuel the demand for consumer electronics and other alkaline battery-powered devices. China, Japan, India, and South Korea are poised to be significant players in this region due to their large populations, booming economies, and rapid technological adoption. These factors combine to make Asia the powerhouse propelling the global alkaline battery market forward. Despite being a mature market, Europe, with established players like Germany, France, and the UK leading in consumer electronics spending, still has room for growth. Firstly, there is an increasing expenditure on new electronic gadgets and a constant need for replacements for existing devices that use alkaline batteries. However, the long-term impact of stricter environmental regulations in Europe. These regulations might gradually push consumers towards adopting rechargeable batteries, potentially affecting the dominance of alkaline batteries in the forecasted period.

Recent studies have concentrated on novel electrolyte molecular architectures focusing on more effective energy storage technologies and creating specialized alkaline batteries tailored for specific applications. In South America and the Middle East & Africa, the alkaline battery market is poised for significant growth. With rising urbanization and disposable income, more people in these regions can afford and use consumer electronics, which heavily rely on alkaline batteries. However, due to the COVID-19 pandemic, there was a shift in demand as factories were shut, disrupting the global supply chain of raw materials and finished goods. While this caused a temporary hiccup, the alkaline battery market is on track for stable or positive growth in the long run.

Some of the market's key players are Duracell, Panasonic Energy Co., Ltd., Energizer Holdings Inc., Eveready, Rayovac Corp.Gold Peak Technology Group Ltd., and Toshiba International Corp.

In May 2024, Reliance Industries signed a technology licensing agreement with Nel Hydrogen to access their platform for alkaline electrolyzer production. As per this deal, RIL gets an exclusive licence to manufacture Nel's alkaline electrolyzers in India and internationally for in-house consumption. This move reflects the growing interest in hydrogen-based technologies. 

The Global Alkaline Battery Market report provides a profound vision of the industrial market's current and future state across various regions. The study and research report comprehensively analyses the Alkaline Battery market by segmenting based on Type (Primary and Secondary), size (AA, AAA, C, N, 9V, button cells), Application (Consumer Electronics, Toys & Radios, Remote controls, medical devices, others) and Geography (North America, Europe, Asia Pacific, Middle- East and Africa, South America). The study covers and includes emerging market trends, market share, developments, opportunities, and challenges in the industry during the forecast period. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.

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  Table of Contents

 

  This report helps to:-

  • Gain a deeper understanding of the impact of coronavirus on the Global Alkaline Battery Market
  • Equip yourself with rigorous analysis and forward-looking insight into the Alkaline Battery Market across various regions
  • Evaluate the attractiveness and state of competition in the industry to identify opportunities and develop strategy
  • Gain understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development
  • Assess market data and forecasts to understand how the demand for Alkaline Battery Market evolve over the next five years across various regions
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

  Tables and charts

Global Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

North America Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

United States Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Canada Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Mexico Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Europe Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

United Kingdom Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Germany Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Other Supporting Charts

Italy Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

France Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Spain Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Rest of Europe Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

South America Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Brazil Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Argentina Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Rest of South America Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Asia-Pacific Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

China Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

India Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Japan Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

South Korea Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Rest of Asia-Pacific Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Middle East & Africa Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Saudi Arabia Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

South Africa Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

Rest of Middle-East & Africa Alkaline Battery Market Size, Market Growth & Market Forecast Revenue(in USD million), 2019-2029

  Who need this report?

  • Original Equipment Manufacturer (OEMs)
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  • Component Manufacturers & Suppliers
  • Technology Vendors
  • Government Bodies and Industry Associations
  • Investor Community
  • Financing Companies
  • Other Stakeholders

  What's included

Report - Global Alkaline Battery Market Outlook to 2029.pdf
Market Data - Global Alkaline Battery Market Outlook to 2029.xls

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