Market Size of Alkaline Battery Industry
| Study Period | 2019-2028 |
| Market Size (2023) | USD 7.22 Billion |
| Market Size (2028) | USD 10.62 Billion |
| CAGR (2023 - 2028) | 8.03 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Alkaline Battery Market Analysis
The Alkaline Battery Market size is expected to grow from USD 7.22 billion in 2023 to USD 10.62 billion by 2028, at a CAGR of 8.03% during the forecast period (2023-2028).
- Over the medium term, high energy density, the more significant shelf life of alkaline batteries, their ability to operate at high temperatures, and their ease of recycling than other batteries are likely to drive the alkaline battery market.
- On the other hand, the increasing competition from lithium-ion batteries having more energy density is expected to restrain the alkaline battery market.
- Nevertheless, due to their affordability, the growth of consumer electronics such as microphones, smoke alarms, flashlights, remote control, etc., demand for alkaline batteries, and single-usage entails an opportunity for its market to grow.
- Because of its increasing demand for day-to-day consumer electronics, Asia-Pacific is expected to be the fastest-growing market for alkaline batteries during the forecast period.
