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The alkaline battery market size is forecast to increase by USD 2.18 billion, at a CAGR of 4.44% between 2023 and 2028. The market growth analysis depends on several factors such as the growing demand for alkaline batteries replacing zinc carbon batteries, the development of recyclable alkaline batteries, and the increasing number of mergers and acquisitions in the primary battery market.
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Increasing number of mergers and acquisitions is the primary trend shaping market growth. Align with market trends and analysis, technology and corporate tie-ups are key factors that help market players expand their market shares. Collaborations also help market players gain technical expertise and combine their resources to develop sophisticated and competitive products and solutions. Such corporate partnerships not only increase the revenue earned by companies but also reduce the competition in the market.
Moreover, the primary battery market is highly consolidated and is dominated by a few companies, such as Energizer Holdings Inc., The Duracell Co., Panasonic Holdings Corp., and Spectrum Brands Holdings Inc. Further, many M&A activities are happening in the global alkaline battery market, such as those between The Duracell Co. and Berkshire Hathaway, as well as Spectrum Brands Holdings Inc. and VARTA, which will act as a driver for the market. Thus, such M&A activities will drive market growth during the forecast period.
Consumer electronics represent a crucial market segment in the global alkaline battery market, as alkaline batteries play a pivotal role in powering a diverse array of devices that have become indispensable in daily life. Alkaline batteries are widely used in consumer electronics and are used in a variety of devices. Portable devices, such as remote control devices and flashlights, as well as digital cameras, rely heavily on alkaline batteries to power them.
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Moreover, another reason for the increase in alkaline battery demand is the growing popularity of personal electronic gadgets. Furthermore, alkaline batteries offer convenience in terms of easy availability and long-term usage without the need for frequent replacement, making them a popular choice in the consumer electronics market segment. Thus, such factors in the consumer electronics segment will drive the growth of the market during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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