Global Alkaline Battery Market: Outlook
Alkaline batteries comprises standardized cylindrical forms, which are interchangeable with zinc-carbon batteries. Alkaline batteries are comprised with the chemical composition between zinc metal and manganese dioxide. Alkaline batteries are used in a broad range of applications. Demand for electricity has been rising exponentially across the globe. Governments of various countries are undertaking modernization and development of their power generation infrastructure. Developed and developing countries are striving to develop new power generation, transmission, and distribution infrastructure. They are also revamping the existing infrastructure. Alkaline batteries form an important component of the power source in appliances. Thus, increase in demand for electricity, especially in the electronics industry, is expected to boost the alkaline battery market. The amount of current alkaline battery emits is approximately proportional to its physical size.
Global Alkaline Battery Market: Key Segments
The global alkaline battery market can be segmented based on product, application, and region. Based on product, the alkaline battery market can be bifurcated into primary and secondary. The primary type of alkaline battery is entirely dependent upon the composition of zinc metal and manganese dioxide. Primary batteries are not rechargeable and it is used until completely drained. It needs to be safely discarded after its use. Secondary alkaline battery is also called rechargeable battery, which can be re-used after charging. Alkaline battery is used in power supplies. It is installed in electronics, wireless devices, clocks, and electronic toys.
Manufacturers of alkaline battery are increasingly focusing on developing batteries with better energy efficiency and longer life. Technological advancements are emerging in order to reduce alkaline battery manufacturing cost with an aim to provide environmentally friendly and safe electrical solutions. Consumer spending has increased substantially across the globe due to the rise in urbanization and new employment opportunities. This is anticipated to ultimately increase the spending on electronics, thereby propelling the demand for alkaline batteries. Recharging of secondary alkaline batteries may cause rupture. Leaking of hazardous liquids from damaged batteries could corrode the equipment or appliances. These are some of the restraints of the alkaline battery market. Primary batteries comprise different chemicals, which undergo various chemical reactions during battery manufacturing. Some of the chemicals in batteries are toxic and hazardous to the environment if disposed improperly.
Global Alkaline Battery Market: Regional Outlook
In terms of region, countries in Asia Pacific such as India, China, and Japan are investing significantly in the development of alkaline batteries. These batteries are widely used in inverters to store electricity. North America offers high potential for the alkaline battery market. The usage of alkaline battery is expected to increase in North America due to the rise in demand for energy. Countries in Europe such as Germany, France, Sweden, and the U.K. are increasingly focusing on infrastructure investments for the development and improvement of alkaline batteries for uses in electrical appliances. The European Union has pledged to recycle disposable alkaline batteries, thereby reducing environmental pollution. The alkaline battery market in Middle East & Africa is anticipated to expand in the near future. Countries such as Saudi Arabia, Kuwait, Bahrain, and Qatar have invested significantly in the development of infrastructure for manufacturing alkaline batteries.
Global Alkaline Battery Market: Key Players
Key players operating in the alkaline battery market include Duracell, Energizer Holdings, Panasonic, Spectrum Bands, Toshiba, Zheijiang Mustang, and Camelion.