Alkaline Battery Market to Witness Exponential Growth by 2030

An alkaline battery is a primary type of battery that is entirely dependent upon the composition of zinc metal and manganese dioxide. Compared to the Leclanché cell or zinc chloride types of zinc-carbon batteries, alkaline batteries have a higher density of energy and longer shelf life but have the same voltage. Alkaline batteries comprise standardized cylindrical forms, which are interchangeable with zinc-carbon batteries. These batteries do not contain mercury and hence, they are environment-friendly. They are available in various sizes such as AA, AAA, C, D, and others. For the purpose of high and low drain operations, different size variants are used. When these batteries are used for low-drain operations, their replacement rate is lower than other batteries. Alkaline batteries are applicable in many household items such as MP3 players, CD players, digital cameras, toys, flashlights, and radios.

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Key drivers of the global alkaline battery market

Presently, batteries are one of the essential and most used tools. The usage of batteries is observed in areas where regular power supply is not available and in applications that require lower voltage. Demand for electricity has been rising exponentially around the world and thus is expected to fuel market growth. In addition, the advantages and characteristics of alkaline batteries such as higher energy density, easy availability, and lower cost fuel the growth of the global alkaline battery market. Furthermore, the use of alkaline batteries in various consumer electronics is expected to drive the growth of the market.

Market Scenario: opportunities and challenges

Manufacturers of alkaline batteries are increasingly focusing on developing batteries with better energy efficiency and longer service life. Technological advances are evolving to cut the cost of manufacturing alkaline batteries with the aim of providing environmentally friendly and safe electric solutions. Owing to the rise in urbanization and new employment opportunities, consumer spending across the globe has significantly increased. This is expected to ultimately increase the spending on electronics, thereby propelling the demand for alkaline batteries. However, recharging of secondary alkaline batteries may cause rupture. Leaking of hazardous liquids from damaged batteries could corrode the equipment. In addition, some of the chemicals in batteries are hazardous to the environment, if disposed of improperly. Thus, all these factors hamper the growth of the global market.

COVID-19 scenario analysis

Owing to the outbreak of the COVID-19 pandemic, the global agricultural surfactants market is expected to witness a slowdown during the next couple of years. Governments of various countries have implemented lockdowns, which has led to the shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in production activities. In addition, the recent decline in the growth of the electronic industry is one of the key factors that are likely to negatively impact the growth of the alkaline battery market. Furthermore, companies are dealing with missing sales and disrupted supply chains, as production activities are ceased.

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Market Key Segments:

By Type
• Primary Battery
• Secondary Battery

By Size
• AAA
• AA
• C
• D
• Others

By Application
• Remote Control
• Consumer Electronics
• Household appliances
• Toys
• Others

By Region
• North America (U.S., Canada, Mexico)
• Europe (France, Germany, Italy, Spain, UK, Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
• LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)

Key Market Players: GP Batteries (Hong Kong), Maxell (Japan), Nanfu (China), Duracell (Switzerland), PKCELL (China), Camelion (Germany), EVE Energy Co. Ltd. (China), Energizer Holdings (U.S.), Panasonic (Japan), Toshiba (Japan)

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Key benefits of the report

• This study presents the analytical depiction of the global alkaline battery industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global alkaline battery market share.
• The current market is quantitatively analyzed to highlight the global alkaline battery market growth scenario.
• Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in the coming years.

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