Alkaline batteries are basically non-chargeable batteries that derive energy from the reaction between zinc metal and manganese dioxide. Alkaline batteries are known to have higher energy density, longer shelf life, lower cost, and easy availability. They are usually available in different sizes, such as AAA, AA, C, D, and 9V. Alkaline batteries are ideal for both heavy-duty and general-purpose applications.
However, they can power a device for about 2 to 4 months, after which they need to be replaced, due to which the demand for alkaline batteries has remained more or less steady over the last few years. Alkaline batteries are environment-friendly, as they don’t contain mercury. Therefore, they do not require active collection and recycling for disposal. This advantage of alkaline batteries is likely to increase their demand in the coming years due to the growing concern about the environment.
Further, there has been an exponential growth in the demand for electricity across the globe. This has compelled governments of various countries to modernize and develop their power generation as well as transmission and distribution infrastructure. The revamping of the existing infrastructure is also going on simultaneously. All these are expected to give a major boost to the global alkaline batteries market.
The other favorable characteristics of alkaline batteries, such as leak resistance and longer shelf life, will also have a positive impact on the global market. Further, the low replacement cycle of alkaline batteries will create a perpetual demand for them, which will give a continuous push to the global alkaline batteries market.
Apart from these, manufacturers of alkaline batteries are focusing on the production of batteries with better energy efficiency and longer life. Such technological advancements are expected to promote the growth of the global market. An increasing demand for batteries operated toys may also raise the demand for alkaline batteries in the coming days.
However, secondary alkaline batteries when recharged can rupture, and the leaking of hazardous liquids from such damaged batteries can corrode appliances or equipment. On the other hand, some of the chemicals used in primary batteries are toxic and can be harmful for the environment if not properly disposed. Such drawbacks can limit the growth of the alkaline batteries market to some extent.
Further, the popularity of rechargeable batteries has been increasing continuously, as these batteries are sustainable and less harmful for the environment compared to non-rechargeable batteries. They are cost effective in the long term and durable. All these have increased the popularity of rechargeable batteries immensely, which may have a negative impact on the global market for alkaline batteries. The global market for alkaline batteries is also expected to be affected by the coronavirus pandemic, as this pandemic has caused a slowdown in the business activities in several sectors.
Asia Pacific and North America are major markets for rechargeable batteries. Countries in the Asia Pacific region such as China, India, Japan, etc., are investing in alkaline batteries development. The North American market will be mainly driven by the increasing demand for energy in the region. European countries like Germany, Sweden, France, and the UK are also focusing on the development and improvement of alkaline batteries for electrical appliances.
The key players operating in the global alkaline batteries market are Duracell Inc., Panasonic, Toshiba International Corp, Energizer Holdings Inc., Spectrum Bands Holdings Inc., Camelion Batterien GmbH, Maxell Holdings Ltd., FDK Corp., Gold Peak Industries (Holdings) Ltd., and Zhejiang Mustang Battery Co. Ltd., among others.