LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global alkaline battery market since 2015 and the market is poised to grow by USD 493.35 billion during 2020-2024, progressing at a CAGR of nearly 1% during the forecast period. Request Free Sample Pages
Read the 120-page research report with TOC on "Alkaline Battery Market Analysis Report by Product (Primary battery and Secondary battery), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2020-2024."
The favorable characteristics of alkaline batteries and development of recycled alkaline batteries are factors anticipated to boost the growth of the market.
Alkaline batteries offer numerous advantages, which include higher energy density, longer shelf life, low cost, and easy availability. These batteries are available in various sizes such as AAA, AA, C, D, and 9V, which are highly suited for heavy-duty as well as general-purpose applications such as TV remote controls, radios, flashlights, game controllers, media players, and clocks. Alkaline batteries are primarily of the non-rechargeable type. On an average, an alkaline battery can power a device for 2-4 months, after which it needs to be replaced. Therefore, there is a steady demand for alkaline batteries throughout the year. One of the major advantages of alkaline batteries is that they are environment-friendly and do not require active collection and recycling for disposal. Such favorable characteristics of alkaline batteries are expected to drive market growth during the forecast period.
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Major Five Alkaline Battery Market Companies:
Camelion Batterien GmbH
Camelion Batterien GmbH operates the business under various segments such as Primary batteries, Rechargeable batteries, Chargers, Power supplies, Mobile lights, Accessories, and Promotional accessories. The company offers a wide range of alkaline batteries such as Camelion Lithium P7 Batteries, Digi Alkaline Batteries, Plus Alkaline Batteries, Camelion Lithium-ion Rechargeable Batteries, and others.
Duracell Inc. is headquartered in France and offers products through the following business units: Power banks, Alkaline batteries, Rechargeable batteries and chargers, Specialty batteries, Coin/button batteries, and Hearing aid batteries. The company offers a wide range of alkaline batteries such as Ultra Alkaline AA Batteries and Ultra Alkaline AAA Batteries.
Energizer Holdings Inc.
Energizer Holdings Inc. is headquartered in the US and operates under two business segments, namely Americas and International. The company offers a wide range of alkaline batteries such as the Energizer MAX Alkaline Batteries with 10-year shelf life and leak proof protection.
FDK Corp. is headquartered in India and offers products through the following business segments: Consumer and Industry. The company offers a wide range of alkaline batteries such as Universal Power, High Power, and Premium with leak proof protection.
Gold Peak Industries (Holdings) Ltd.
Gold Peak Industries (Holdings) Ltd. is headquartered in India and offers products through the following business segments: Electronics, Batteries, and Other investments. The company offers a wide range of alkaline batteries such as Universal Power, High Power, and Premium with leak proof protection.
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Alkaline Battery Product Outlook (Revenue, USD Million, 2020-2024)
- Primary battery
- Secondary battery
Alkaline Battery Regional Outlook (Revenue, USD Million, 2020-2024)
- North America
- South America
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