Exploring the Global Alkaline Battery Market: Key Players and Competitive Landscape
The alkaline battery market is driven by rising demand for batteries from consumer electronics products. Alkaline batteries are used in remote controls, toys, flashlights and other portable electronic devices. These batteries provide reliable power and have a longer shelf life than traditional carbon-zinc batteries. Alkaline batteries use zinc and manganese dioxide as electrodes along with a potassium hydroxide electrolyte, which allows them to produce 1.5 volts per cell. The advantages of alkaline batteries include higher energy density, longer life, and a steadier discharge of power compared to zinc-carbon batteries.
The alkaline battery market is estimated to be valued at USD 9.31 Bn in 2024 and is expected to reach USD 13.38 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
Growing demand for portable consumer electronics is expected to drive the Alkaline Battery Market during the forecast period. Increased usage of devices such as Bluetooth headphones, remote controls, and toys that run on batteries is fueling market growth.
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