Press Release

Alkaline Battery Market Latest Industry Size & Share, Business Strategies, Major Segments and Key Manufacturers Revenue Forecast

Key Companies Covered are Duracell Inc. (US), Energizer Holdings (US), Camelion Batterien GmbH (Germany), Gold Peak Industries (Holdings) Limited (Hong Kong), Sanyo (Japan), Sony (Japan), Maxell Holdings, Ltd. (Japan), Toshiba International Corp (US), Zhejiang Mustang Battery Co., Ltd. (China), Panasonic Corporation (Japan), FDK Corporation (Japan), GPB International Limited (Germany).

Fortune Business Insights offers a detailed overview of the global market in a report, titled The global  Alkaline Battery Market is set to gain traction from the ongoing developments in batteries. It has resulted in the rising usage of carbon in the cathode mix to surge efficiency. The demand for alkaline batteries would further increase owing to their high performance capabilities. This information is given by Fortune Business Insights™ in a recently published report, titled, “Alkaline Battery Market Share, Size and COVID-19 Impact Analysis, By Product (Primary and Secondary), By Size (AA, AAA, 9 Volt, and Others), By Application (Remote Control, Consumer Electronics, Toys and Radios, and Others), and Regional Forecast, 2020-2027.” The report further states that this market size wasUSD 7.48 billionin 2019 and is projected to reachUSD 10.71 billionby 2027, thereby exhibiting a CAGR of 4.8% during the forecast period.

Reasons to Purchase this Report:

  • Comprehensive analysis of the Medical Lighting Technologies Alkaline Battery Market t growth drivers, obstacles, opportunities, and other related challenges.
  • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
  • Identifies market restraints and boosters.
  • Identifies all the possible segments present in the market to aid organizations in strategic business planning.

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List of Key Players for Alkaline Battery Market

  • Duracell Inc. (US)
  • Energizer Holdings (US)
  • Camelion Batterien GmbH (Germany)
  • Gold Peak Industries (Holdings) Limited (Hong Kong)
  • Sanyo (Japan)
  • Sony (Japan)
  • Maxell Holdings, Ltd. (Japan)
  • Toshiba International Corp (US)
  • Zhejiang Mustang Battery Co., Ltd. (China)
  • Panasonic Corporation (Japan)
  • FDK Corporation (Japan)
  • GPB International Limited (Germany)

Drivers and Restraints-

Rising Consumer Spending on Electronic Products to Spur Growth

Consumer spending is considered to be a very crucial part of gross domestic product (GDP) that maintains the economic stability of a country. Rising consumer spending on electronic products worldwide is a major factor that is set to propel the alkaline battery market growth in the coming years. The U.S. Bureau of Labor Statistics mentioned that in 2018, the average expenditure per consumer was USD 61,224. It shows a hike of up to 1.9% from 2017. Alkaline batteries are majorly used in electronic gadgets and household appliances. These factors would boost the market growth.

Major Segments for Alkaline Battery Market

By Product

  • Primary
  • Secondary

By Size

  • AA
  • AAA
  • 9 Volt
  • Others

By Application

  • Remote Control
  • Consumer Electronics
  • Toys and Radios
  • Others

By Region

  • North America (US and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe)
  • Asia Pacific (China, India, Japan, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Middle East and Africa (GCC, South Africa, and Rest of the Middle East and Africa)
  • Latin America (Brazil, Mexico, and Rest of Latin America)

Segment-

Consumer Electronics Segment to Lead Owing to Their High Demand Worldwide

Based on application, Alkaline Battery Market is fragmented into remote control, toys and radios, consumer electronics, and others. Out of these, the consumer electronics segment procured 38.7% in terms of alkaline battery market share in 2019. This segment is likely to lead throughout the forthcoming years stoked by the high demand for alkaline batteries in GPS, MP3 players, smartphones, computers, and laptops. These products are exhibiting more popularity across the globe. The toys and radios segment is set to hold the second position fueled by the increasing usage of these batteries in walkie-talkies and several toys.

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Table of Contents Alkaline Battery Market:

7 North America Alkaline Battery Market Analysis (USD Billion), Insights and Forecast, 2016-2027

7.1 Key Findings / Summary

7.2 Market Analysis, Insights and Forecast – By Product

  • Primary Alkaline Battery
  • Secondary Alkaline Battery

7.3 Market Analysis, Insights and Forecast – By Size

  • AA
  • AAA
  • 9 Volt
  • Others

7.4 Market Analysis, Insights and Forecast – By Application

  • Remote Control
  • Consumer Electronics
  • Toys & Radios
  • Others

7.5 Market Analysis, Insights and Forecast – By Country

  • S.
  • Canada

8 Latin America Alkaline Battery Market Analysis (USD Billion), Insights and Forecast, 2016-2027

8.1 Key Findings / Summary

8.2 Market Analysis, Insights and Forecast – By Product

  • Primary Alkaline Battery
  • Secondary Alkaline Battery

8.3 Market Analysis, Insights and Forecast – By Size

  • AA
  • AAA
  • 9 Volt
  • Others

8.4 Market Analysis, Insights and Forecast – By Application

  • Remote Control
  • Consumer Electronics
  • Toys & Radios
  • Others

8.5 Insights and Forecast – By Country

  • Brazil
  • Mexico
  • Rest of Latin America

9 Europe Alkaline Battery Market Analysis (USD Billion), Insights and Forecast, 2016-2027

9.1 Key Findings / Summary

9.2 Market Analysis, Insights and Forecast – By Product

  • Primary Alkaline Battery
  • Secondary Alkaline Battery

9.3 Market Analysis, Insights and Forecast – By Size

  • AA
  • AAA
  • 9 Volt
  • Others

9.4 Market Analysis, Insights and Forecast – By Application

  • Remote Control
  • Consumer Electronics
  • Toys & Radios
  • Others

9.5 Market Analysis, Insights and Forecast – By Country

  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

TOC Continued…!

Competitive Landscape-

Key Players Aim to Launch Novel Alkaline Battery Marketfor Strengthening Position

Alkaline Battery Market consists of several big, small, and medium-sized enterprises. They are nowadays focusing on launching new products to attract more consumers and to gain a competitive edge. Presently, Gold Peak Industries (Holdings) Limited, Camelion Batterien GmbH, Energizer Holdings, and Duracell Inc. are in the dominant positions. Below are two of the significant industry developments:

  • February 2019: Duracell unveiled Duracell Ultra, its latest alkaline battery. It is capable of providing up to 100 percent more power. The company’s main aim was to satiate the rising need for power hungry devices. Families can now rely on the new batteries to power their devices and toys with unstoppable and safe quality power.
  • May 2017: Panasonic Corporation introduced its new Powerline series consisting of a pack of 10 alkaline batteries. Produced in Europe, they can have long life, high reliability, and low self-discharge. They are being highly demanded from the distributors and original equipment manufacturers (OEMs).

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Key Research Objectives

  • Alkaline Battery Market size and growth rate by various segments at global and regional level for the 2015-2026 period, with 2015-2017 as historical data, 2018 as base year and 2019-2026 as forecast period
  • Overall market size and growth rate for key countries for the 2015-2026 period
  • Market dynamics – Market drivers, restraints, trends and opportunities
  • Technological and market developments shaping the market
  • Competitive analysis
  • Profiles of key companies operating in the Alkaline Battery Market
  • Key insights

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Alkaline battery market size was valued at USD 7.48 billion in 2019 and is projected to reach USD 10.71 billion by 2027.

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