According to a new report published by KD Market Insights, titled, “Alkaline Battery Market Insights, Trends, Opportunity & Forecast, 2021–2026,” the global alkaline battery market High size is anticipated to witness moderate growth during forecast period i.e. 2021-2026.
Many alkaline battery manufacturing companies across regions are advancing their batteries to increase their shelf life, for instance, a start-up company Basalt has recently claimed that they are focusing on developing a solid-state alkaline battery that can replace lithium ion batteries. Such increasing number of advancements in alkaline battery technology is projected to open tremendous number of opportunities and bolster the growth of alkaline battery market in near future.
The North America alkaline battery market dominated and accounted for a market share of more than 45% in 2020. The region is further expected to continue its dominance and stand at a market share of 42.3% by the end of 2026.
According to type, the primary alkaline battery segment accounted for significant portion of market share during 2020 and is expected to maintain its dominance during the forecast period. According to size, the AAA segment is expected to grow at tremendous growth rate due to its increasing applications in smaller and portable devices.
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The global Alkaline Battery market is segmented into type, application and region. Based on type, the market is bifurcated into primary alkaline battery and rechargeable alkaline battery. Based on size, the market is classified into 9V, AA, AAA and others. Based on application, it is classified into remote control, consumer electronics, toys and others.
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). North America market is anticipated to be the most dominant market in terms of region in the global alkaline battery market during the forecast period.
Key Insights of Alkaline Battery Market
- On the basis of type, the primary alkaline battery segment accounted for significant portion of market share during 2020 and is expected to continue its dominance during the forecast period.
- On the basis of type, the AAA segment is expected to grow at tremendous growth rate during the forecast period due to its increasing applications in smaller and portable devices.
- On the basis of application, the consumer electronics segment captured highest share of the alkaline battery market in 2020.
- On the basis of region, North America accounted for a commendable market share of 45.0% in 2020 and further, is expected to stand at a market share of 42.7% by the end of 2026.
Some of the major alkaline battery companies profiled in the report include Duracell, Energizer Holdings, Panasonic Corporation, Toshiba, GP Batteries International Limited, FDK Corporation, Maxell Holdings Ltd, Sony, Samsung Electronics and Zhongyin (Ningbo) Battery.
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