The Alkaline Primary Batteries Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Alkaline Primary Batteries Global Market Report 2024, 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.
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.
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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
Change in packaging techniques for alkaline batteries is the latest trend in the global alkaline primary batteries market. Alkaline batteries battery manufacturers are changing their battery packaging techniques to offer more convenience to their customers. In the past, alkaline batteries were made with complex sealing systems thick steel outer cases, and end caps. A unique method was developed that allowed manufacturers to use thinner packaging materials and more efficient seals. More room was created for active materials within a given standard cell size, and that increased capacity. For instance, Panasonic Corp. has launched their alkaline batteries in packs of 10, believing that the new package size was especially practical for distributors since it allows more exact calculations.
The alkaline primary batteries market report table of contents includes:
1. Executive Summary
2.Alkaline Primary Batteries Market Characteristics
3.Alkaline Primary Batteries Market Trends And Strategies
4.Alkaline Primary Batteries Market analysis
5. Alkaline Primary Batteries Market Size And Growth
6.Alkaline Primary Batteries Segmentation
7. Alkaline Primary Batteries Regional And Country Analysis
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27.Alkaline Primary Batteries Competitive Landscape And Company Profiles
28.Alkaline Primary Batteries Key Mergers And Acquisitions
29.Alkaline Primary Batteries Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Samsung Electronics Co. Ltd.
- Ford Motor Company
- Sony Corporation
- Panasonic Holdings Corporation
- Fujitsu Ltd.
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