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Technavio, an international market research institution, recently released a report that the global alkaline battery market is expected to grow by $493.
5 million from 2020 to 2024, with a compound annual growth rate of more than 1%
throughout the forecast period.
North America is one of the largest markets for alkaline batteries, and the region will provide some growth opportunities
for market vendors during the forecast period.
Growing sales of consumer electronics and the introduction of technologically advanced rechargeable products are driving the growth
of the alkaline battery market in the region.
Over 38% of the market growth will come from North America
during the forecast period.
The United States is an important market
for alkaline batteries in North America.
The market growth in this region will be faster than the growth of the Middle East & Africa, and South America markets
.
Disposable batteries (non-rechargeable) will drive the demand for disposable alkaline batteries due to their wide range of applications, convenient availability, and stability in different climates and environments during the
forecast period.
However, the growth of this segment will be slower than the growth of the rechargeable battery segment
.
The good characteristics of alkaline batteries will be an important factor
driving the growth of the alkaline battery market.
Alkaline batteries have higher capacity, longer shelf life and leak resistance, making them ideal for heavy-duty as well as routine applications such as remote controls, clocks, radios, Bluetooth mice, electronic toys, etc
.
Since alkaline batteries do not contain mercury and do not contain any harmful chemicals, they are environmentally friendly, can be safely disposed of after use, and low replacement cycles of alkaline batteries will all drive the growth of the market during the forecast period
.
Meanwhile, the development of recycled alkaline batteries is one of the important market trends for alkaline batteries, which will positively
impact the growth of the market during the forecast period.
Technavio, an international market research institution, recently released a report that the global alkaline battery market is expected to grow by $493.
5 million from 2020 to 2024, with a compound annual growth rate of more than 1%
throughout the forecast period.
North America is one of the largest markets for alkaline batteries, and the region will provide some growth opportunities
for market vendors during the forecast period.
Growing sales of consumer electronics and the introduction of technologically advanced rechargeable products are driving the growth
of the alkaline battery market in the region.
Over 38% of the market growth will come from North America
during the forecast period.
The United States is an important market
for alkaline batteries in North America.
The market growth in this region will be faster than the growth of the Middle East & Africa, and South America markets
.
Disposable batteries (non-rechargeable) will drive the demand for disposable alkaline batteries due to their wide range of applications, convenient availability, and stability in different climates and environments during the
forecast period.
However, the growth of this segment will be slower than the growth of the rechargeable battery segment
.
The good characteristics of alkaline batteries will be an important factor
driving the growth of the alkaline battery market.
Alkaline batteries have higher capacity, longer shelf life and leak resistance, making them ideal for heavy-duty as well as routine applications such as remote controls, clocks, radios, Bluetooth mice, electronic toys, etc
.
Since alkaline batteries do not contain mercury and do not contain any harmful chemicals, they are environmentally friendly, can be safely disposed of after use, and low replacement cycles of alkaline batteries will all drive the growth of the market during the forecast period
.
Meanwhile, the development of recycled alkaline batteries is one of the important market trends for alkaline batteries, which will positively
impact the growth of the market during the forecast period.
