Press release
Alkaline Battery Market Top Key Players - Toshiba International Corp., Zhejiang Mustang Battery Co. Ltd., Energizer Holdings Inc, GP Batteries International Limited, VARTA Consumer Batteries GmbH & Co. KGaA, Panasonic Corporation, Duracell Inc, Nanfu, PKC
The burgeoning need and demand for batteries in low power-supply areas across the globe, the high demand for electronic gadgets among consumers across the globe, the increasing number of governments emphasizing on updating and modernizing their respective power infrastructure due to the ever-increasing demand for electricity, the rising focus of leading market players on launching technologically advanced products, and the growing replacement of old zinc-carbon batteries with alkaline batteries, especially in the emerging nations worldwideare primarily boosting the growth of the global alkaline battery market.
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Some of the major alkaline battery companies profiled in the report include Toshiba International Corp., Zhejiang Mustang Battery Co. Ltd., Energizer Holdings Inc, GP Batteries International Limited, VARTA Consumer Batteries GmbH & Co. KGaA, Panasonic Corporation, Duracell Inc, Nanfu, PKCELL, and EVE Energy Co. Ltd.
The global alkaline battery market is segmented into product type, battery size, application, and region. Based on product type, the market is bifurcated into primary battery and secondary battery. Based on battery size, it is classified into AA, AAA, C, and D. Based on application, it is classified into digital products, household small appliances, and others.
According to product type, the primary battery segment captured the largest share of the global alkaline battery market in 2021. The segment is anticipated to continue to lead the market during the forecast period of 2022-2030. According to battery size, AA segment is projected to achieve the highest growth in the market during the forecast period of 2022-2030.
According to application, the digital products segmentacquired a prominent share of the global alkaline battery market in 2021. The trend is expected to remain unchanged throughout the forecast period of 2022-2030. The proliferating demand for alkaline batteries in smartphones, laptops, computers, GPS units, and MP3 players is the major factor ascribed to the growth of this segment.
The global alkaline battery market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).
Geographically, the North American region led theglobal alkaline battery market share in 2021, followed by Europe and the Asia Pacific. The region is estimated to remain dominant in the market throughout the forecast period of 2022-2030. Countries such as U.S. and Canada are among the key contributors to the growth of the market in the region.On the other hand, the Asia Pacific region is slated to register the highest CAGR in the global alkaline battery market during the forecast period. Countries such as India, China, Japan, South Korea, Thailand, and Indonesia are among the key contributors to the growth of the market in the region.
Key Insights of Alkaline Battery Market
• On the basis of product type, the primary battery segment captured the largest share of the global alkaline battery market in 2021. The segment is anticipated to continue to lead the market during the forecast period of 2022-2030.
• On the basis of battery size, AA segment is projected to achieve the highest growth in the market during the forecast period of 2022-2030.
• On the basis of application, the digital products segment acquired a prominent share of the global alkaline battery market in 2021. The trend is expected to remain unchanged throughout the forecast period of 2022-2030.
• On the basis of region, the North American region led the global alkaline battery market share in 2021, followed by Europe and the Asia Pacific. The region is estimated to remain dominant in the market throughout the forecast period of 2022-2030.
• On the basis of region, the Asia Pacific region is slated to register the highest CAGR in the global alkaline battery market during the forecast period.
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