The global alkaline battery market is expected to grow at a CAGR of 3.0% during the forecast period (2022-2028). Alkaline batteries are disposable batteries with zinc and manganese dioxide as electrodes. The alkaline electrolyte used is either potassium or sodium hydroxide. These batteries have a steady voltage offering better energy density and leakage resistance than carbon zinc batteries. This is mainly due to the manganese dioxide anode material, which is purer and denser, thereby reducing the space taken up by internal components. Most of the market participants have shifted their focus on rechargeable chemistries such as nickel metal hydride and lithium-ion. This has resulted in consolidation of the market.
One of the key strengths of the alkaline battery chemistry is its ability to power day-to-day gadgets such as alarm clocks, electric shavers, remote controls and radios among others. Alkaline batteries have become one of the essential commodities of life, resulting in a growing demand/need for these batteries. Alkaline batteries are primary disposable batteries, which need to be replaced after it is completely discharged. On average, alkaline battery is expected to power a device for a period of two to four months (except in a few low-drain applications), after which it needs to be replaced by a new battery.
Alkaline batteries are available in various sizes according to the applications (such as AAA, AA, C, D, 9 V and others). All of these configurations are likely to be used on gadgets immediately after purchase, which make them suitable for use even during emergency situations. Additionally, long shelf life offered by these batteries (ranging from three to four years) makes them suitable for storage. This feature of the alkaline battery chemistry is expected to offer a competitive advantage compared to the rechargeable batteries of other chemistries.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Panasonic Corp., Duracell Inc., and Energizer Holdings Inc., among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Alkaline Battery Market Report by Segment
By Type
- Primary
- Secondary
By Application
- Consumer Electronics
- Toys
- Others
By Distribution Channel
- Online
- Offline
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