COVID-19 Impacts: Alkaline Battery Market Will Accelerate at a CAGR of over 1% through 2020–2024 | Increase in Consumer Spending to Boost Growth | Technavio
Technavio has been monitoring the alkaline battery market and it is poised to grow by USD 493.35 million during 2020–2024, progressing at a CAGR of over 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Frequently Asked Questions-Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please request Free Sample Report on COVID-19 Impact
- What was the value of the alkaline battery market in 2019?
- Technavio says that the value of market was at USD 8.84 billion in 2019 and is projected to reach USD 9.33 billion by 2024.
- At what CAGR is the market projected to grow during the forecast period 2020–2024?
- Growing at a CAGR of over 1%, the market growth will accelerate during the forecast period of 2020–2024.
- What is the key factor driving the market?
- Increase in consumer spending is one of the key factors driving market growth.
- What are the top players in the market?
- Camelion Batterien GmbH, Duracell Inc., Energizer Holdings Inc., FDK Corp., Gold Peak Industries (Holdings) Ltd., Maxell Holdings Ltd., Panasonic Corp., Spectrum Brands Holdings Inc., Toshiba International Corp., and Zhejiang Mustang Battery Co. Ltd. are some of the major market participants.
- Which region is expected to hold the highest market share in the market?
- North America
- What is the major trend of the market?
- Alkaline batteries replacing zinc-carbon batteries is a major growth factor for the market.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Camelion Batterien GmbH, Duracell Inc., Energizer Holdings Inc., FDK Corp., Gold Peak Industries (Holdings) Ltd., Maxell Holdings Ltd., Panasonic Corp., Spectrum Brands Holdings Inc., Toshiba International Corp., and Zhejiang Mustang Battery Co. Ltd. are some of the major market participants. The increase in consumer spending will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in fast-growing segments, while maintaining their position in the slow-growing segments.
Alkaline Battery Market 2020–2024: Segmentation
Alkaline Battery Market is segmented as below:
- Product
- Primary Battery
- Secondary Battery
- Geographic
- North America
- Europe
- APAC
- South America
- MEA
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Alkaline Battery Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our alkaline battery market report covers the following areas:
- Alkaline Battery Market size
- Alkaline Battery Market trends
- Alkaline Battery Market analysis
This study identifies alkaline batteries replacing zinc-carbon batteries as one of the prime reasons driving the alkaline battery market growth during the next few years.
Alkaline Battery Market 2020–2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the alkaline battery market, including some of the vendors such as Camelion Batterien GmbH, Duracell Inc., Energizer Holdings Inc., FDK Corp., Gold Peak Industries (Holdings) Ltd., Maxell Holdings Ltd., Panasonic Corp., Spectrum Brands Holdings Inc., Toshiba International Corp., and Zhejiang Mustang Battery Co. Ltd. Backed with competitive intelligence and benchmarking, our research reports on the alkaline battery market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
