Global Alkaline Primary Batteries Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Alkaline batteries are composed of zinc and manganese dioxide as electrodes. The positive electrode (cathode) in an alkaline battery is based on manganese (IV) oxide and the negative electrode (anode) is based on zinc Power in the battery is produced through two chemical reactions at the positive and negative electrodes. Manganese (IV) oxide is converted into manganese (III) oxide and hydroxyl ions at the positive electrode, while zinc reacts with the hydroxyl ions to release the electrons that power the circuit at the negative electrode.

Sizing and Forecast
The alkaline primary batteries market size has grown marginally in recent years. It will grow from $8.89 billion in 2023 to $9.05 billion in 2024 at a compound annual growth rate (CAGR) of 1.8%.  The  growth in the historic period can be attributed to supply chain development, cost efficiency, consumer awareness, marketing and branding strategies, industrial applications.

The alkaline primary batteries market size is expected to see steady growth in the next few years. It will grow to $10.05 billion in 2028 at a compound annual growth rate (CAGR) of 2.7%.  The growth in the forecast period can be attributed to market expansion strategies, smart home technology growth, safety and durability enhancements, rising demand for portable devices, environmental sustainability. Major trends in the forecast period include smart home technology adoption, electric vehicle (ev) growth, safety and durability focus, digitalization of industries, renewable energy integration.

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Segmentation & Regional Insights
The alkaline primary batteries market covered in this report is segmented –
1) By Type: Primary, Secondary
2) By Product Type: Speciality Alkaline, Non-Speciality Alkaline
3) By Application: Flashlights, Entertainment, Toy And Novelty, Remote Control, Other Applications

Sub-Segements
By Size: AA, AAA, 9 Volt, Other Sizes

Asia Pacific was the largest region in the alkaline primary batteries market in 2023. The regions covered in the alkaline primary batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
During the forecast period, the increase in demand for battery-operated toys is expected to drive the demand for alkaline primary batteries. The use of primary batteries such as alkaline batteries in electronic toys is expected to drive the market. Battery-operated toys such as toy cars, dolls, robots, and drones are becoming popular. For example, in November 2022, according to OnBuy’s report, a UK-based online marketplace, sales in their toys and games division have increased dramatically during the past three years, by more than 1772 percent. The growing popularity of battery-operated toys will continue to increase the demand for primary batteries. The increase in demand for battery-operated toys is expected to have a positive impact on the growth of the alkaline batteries market.

Key Industry Players
Major companies operating in the alkaline primary batteries market report are Samsung Electronics Co. Ltd., Ford Motor Company, Sony Corporation, Panasonic Holdings Corporation, Fujitsu Ltd., LG Chem Ltd., Toshiba International Corp., EVE Energy Co. Ltd., Spectrum Brands Holdings Inc., Energizer Holdings Inc., Rayovac Corp., Duracell Inc., Maxell Holdings Ltd., Zhejiang Mustang Battery Co. Ltd., VARTA Consumer Batteries GmbH & Co. KGaA, Ningbo Eastar Battery Co. Ltd., GP Batteries International Limited, Gold Peak Technology Group Ltd., Varta AG, FDK Corporation, Nanfu Battery Co. Ltd., Shenzhen Pkcell Battery Co.Ltd., Maxell Ltd., E-One Moli Energy Corp., Camelion Batterien GmbH, Ningbo GP&Sonluk Battery Co. Ltd., Excell Battery Co. Ltd., Zhejiang Yongjiu Power Science and Technology Co. Ltd., Taizhou Jiaojiang Shuangyang Battery Co. Ltd., Shenzhen Shirui Battery Co. Ltd.

The alkaline primary batteries market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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