The Alkaline Battery Market is being driven by Increase in consumer spending on electronics
The Alkaline Battery Market is expected to grow at a CAGR of 4.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2564.7 million. The history of primary batteries can be traced back to the invention of the zinc-carbon battery by Georges-Lionel Leclanche in 1866. These batteries, which consist of two main types - Leclanche and zinc chloride - utilize ammonium chloride as their electrolyte. Despite their widespread use in various applications throughout the last century, zinc-carbon batteries presented several challenges, including poor performance in low temperatures, limited energy density, and subpar leakage resistance. To address these issues, Lewis Urry introduced the alkaline battery in 1949, featuring potassium hydroxide as the electrolyte. Alkaline batteries, despite containing zinc, provide enhanced capacity and superior leakproof properties compared to their zinc-carbon counterparts.
Get more information on Alkaline Battery Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Market Scope |
|
Report Coverage |
Details |
Page number |
217 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.4% |
Market growth 2025-2029 |
USD 2564.7 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
4.3 |
Key countries |
US, China, Germany, France, Canada, Japan, UK, India, Brazil, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Alkaline Battery Market encompasses various battery chemistries undergoing rigorous testing, including performance, safety, and environmental assessments, adhering to IEC, UL, and ANSI standards. Applications span consumer electronics, medical devices, portable power, remote sensing, wireless communication, renewable energy storage, and grid-scale storage. Advanced battery technologies, such as lithium-ion, lead-acid, flow, sodium-sulphur, and solid-state batteries, innovate with silicon anodes and advanced manufacturing techniques. Market trends focus on cost reduction, price competition, and raw material supply chain optimization. Key players include leading battery companies, with ongoing patent developments and regulatory compliance shaping the industry landscape.
The Alkaline Battery Market is a segment of the broader Energy Storage industry, focusing on primary batteries, specifically Carbon Zinc batteries. This market encompasses companies manufacturing and supplying these batteries, as well as those producing battery packs and engaging in battery recycling. Key drivers for the market's expansion include the increasing demand for longer battery life solutions in various industries. In parallel, the global market for Renewable Energy continues to grow, driven by supportive policies and targets for the deployment of renewable power. This trend is expected to fuel the demand for primary batteries, particularly in applications such as renewable energy storage systems and portable electronics. Additionally, the increasing focus on battery recycling to minimize environmental impact and maximize resource efficiency will further bolster market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted