The trusty alkaline battery will continue to play a major role in the world’s battery needs according to a report released by KD Market Insights, “Alkaline Battery Market.”
Berkshire Hathaway’s Duracell, and other battery manufacturers, including Panasonic, Toshiba, Energizer Holdings, Zhongyin (Ningbo) Battery Co.Ltd., GPB, International Limited, Spectrum Brands Holding, Sony, Samsung, and Fujitsu should see a CAGR of 1.3% during 2018-2023.
According to the report, the market is anticipated to reach USD 8,468.7 Million by the end of 2023 from USD 7,946.6 Million in 2017.
Benefits and advantages cited for the alkaline battery include higher energy density, easy availability and lower cost will power the growth of alkaline battery market.
Just a few decades ago, flashlights and toys were the primary uses of disposable batteries, but today, alkaline batteries are used in a host of applications, including everything from wireless mice to medical devices.
© 2018 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.