Zinc-Air Battery Market

Global Zinc-Air Battery Market Research Report Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2024-2032: By Type (Rechargeable and Non-Rechargeable), By End-Use (Energy Storage, Safety Lamps, Hearing Aids, Safety Lamps, Medical Devices, Military Devices and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)

Chemical & Material | February 2024 | Report ID: EMR00587 | Pages: 301

The global zinc-air battery market was valued at USD 128.84 million in 2023 and is estimated to reach approximately USD 258.25 million by 2032, at a CAGR of 8.0% from 2024 to 2032.

The low cost and high energy density of this cutting-edge technology come from the utilization of zinc and oxygen to create electricity. Zinc-air batteries have a lot of potential uses; they can be used for anything from electric automobiles and portable devices to renewable energy storage and electric vehicle applications. They are a viable option for needs involving sustainable power storage because of their versatility, quantity of materials, and potential for growth. Market growth for zinc-air batteries is anticipated to accelerate the development of energy storage technologies as demand for clean energy solutions rises.

 

 

ZINC-AIR BATTERY MARKET: REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2023)

128.84 Mn

Projected Market Value (2032)

258.25 Mn

Base Year

2023

Forecast Years

2024 - 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Type, By End-Use, & Region

Segments Covered

By Type, By End-Use, & Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Zinc-Air Battery Dynamics

The growing use of electric vehicles, technological improvements in batteries, and the growing need for sustainable energy storage solutions are some of the factors driving the dynamics of the zinc-air battery market. When comparing these batteries to conventional lithium-ion batteries, they are less expensive, have a higher energy density, and a longer shelf life. The fact that zinc is both readily available and reasonably priced adds to the allure of zinc-air batteries. Overcoming stability and rechargeability problems is one of the challenges. Still, current R&D efforts are directed toward resolving these constraints, encouraging creativity, and propelling market expansion. The global shift towards renewable energy technologies is driving the growth of the zinc-air battery market overall.

 

Global Zinc-Air Battery Drivers

  • Sustainable Energy Demands

The market for zinc-air batteries is being driven by the need for sustainable energy as people look for more environmentally friendly power sources. Zinc-air batteries present a viable option as the focus on cutting carbon emissions and switching to renewable energy sources grows. They are being adopted in a variety of industries, including transportation, grid storage, and portable electronics, because of their capacity to store significant amounts of energy from renewable sources like solar and wind, as well as their affordability and recyclability.

  • Advancements in Battery Technology

By expanding the possibilities for energy storage, technological developments in batteries are driving the market for zinc-air batteries. Zinc-air batteries are becoming more and more efficient, durable, and perform better thanks to ongoing research and development. Longer cycle life, quicker charging rates, and higher energy density are being driven by innovations in manufacturing techniques, electrode designs, and electrolyte formulas. The increasing need for high-performance energy storage solutions in a variety of applications, such as renewable energy storage, electric vehicles, and portable devices, calls for these developments.

 

Restraints:

  • Rechargeability Challenges

During the recharge cycle, zinc-air batteries commonly experience problems such dendrite formation, electrolyte evaporation, and electrode degradation, which reduces cycle life and overall performance. For widespread acceptance to occur, these obstacles must be overcome, particularly for applications like electric vehicles and portable electronics that need to be charged frequently and quickly. In the field of zinc-air batteries, research and development activities continue to be heavily focused on addressing rechargeability difficulties.

  • Limited Energy Density for High-Power Applications

There are major limitations due to the low energy density of zinc-air batteries, especially in high-power applications. Zinc-air batteries have an advantage over other battery technologies, such as lithium-ion, in terms of cost and environmental effect; nevertheless, their energy density is lower. This constraint limits its appropriateness for uses that necessitate a high energy output in a small package, including electric cars and specific electrical gadgets. For zinc-air batteries to be used in a wider range of applications, this limitation must be removed through developments in electrode design and electrolyte optimization.

 

Opportunities:

  • Grid-Level Energy Storage Solutions

Zinc-air batteries have a large potential in grid-level energy storage systems. These batteries are ideally suited for stabilizing the electrical grid since they are economical and efficient in storing vast amounts of energy. Zinc-air batteries can help balance supply and demand, lessen dependency on fossil fuels, and more successfully integrate renewable energy sources like solar and wind into the grid by storing excess energy during times of low demand and delivering it during times of peak need. This chance highlights the critical role zinc-air batteries might play in facilitating the shift to a more robust and sustainable electricity infrastructure.

  • Portable Electronics and Wearables Market Expansion

The market for wearables and portable gadgets is growing, which means zinc-air batteries have a lot of potential. These batteries are perfect for powering small gadgets like fitness trackers, smartwatches, and smartphones because of their low cost, lightweight design, and high energy density. Customers looking for portable power solutions for their mobile devices find them intriguing due to their long-lasting performance and fast recharge time. Zinc-air batteries are in a good position to take a sizable market share in this growing industry as long as the demand for portable gadgets keeps rising.

 

Segment Overview

  • By Type

Based on type, the global zinc-air battery market is divided into rechargeable and non-rechargeable. The rechargeable category dominates the market with the largest revenue share in 2023. Zinc-air rechargeable batteries are made to be charged and discharged several times during their useful lives. During the charging and discharging cycles of these batteries, a reversible interaction between zinc and oxygen is used. Because of their reusable nature, they are a good fit for devices that require frequent recharging, like electric cars, renewable energy storage systems, and some portable electronics. Zinc-air non-rechargeable batteries are designed for one-time usage. They need to be replaced after their energy reserves run out because they cannot be replenished. These batteries are frequently used in gadgets like hearing aids, where affordability and long-term dependability are valued above recycling.

  • By End-Use

Based on the end-use, the global zinc-air battery market is categorized into energy storage, safety lamps, hearing aids, safety lamps, medical devices, military devices, and others. The hearing aids category leads the global zinc-air battery market with the largest revenue share in 2023. Hearing aids frequently employ zinc-air batteries because of their high energy density and durable operation. They provide a small, light power source that can run hearing aids for extended periods of time, negating the need for regular battery replacements. Applications for energy storage using zinc-air batteries are growing, especially in renewable energy systems. When necessary, they can release the extra energy they store from renewable energy sources like solar or wind power.  Safety lamps are frequently powered by zinc-air batteries, particularly in dangerous settings like mining, construction, and firefighting.  Additionally, a variety of medical gadgets, such as insulin pumps, glucose monitors, and electronic medical instruments, use zinc-air batteries.

 

Global Zinc-Air Battery Overview by Region

The global zinc-air battery market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific emerged as the leading region, capturing the largest market share in 2023. The fast urbanization, industrialization, and technological development of the region have increased demand for energy storage solutions in a variety of industries. The development of zinc-air batteries has also been aided by government programs that encourage the use of renewable energy sources and the electrification of transportation. Significant investments in battery research and manufacturing facilities have been made in nations like China, Japan, South Korea, and India, which has further fueled industry expansion.

Throughout the forecast period, North America is anticipated to post a significant CAGR. The increase in demand for energy storage solutions, the government's backing of clean energy technology, and the amount of money invested in renewable energy projects are all contributing causes to this expansion. Moreover, the region's extensive industrial infrastructure and excellent R&D capabilities are propelling innovation and the commercialization of zinc-air batteries.

 

 

Global Zinc-Air Battery Competitive Landscape

In the global zinc-air battery market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.

Some of the prominent players in the global zinc-air battery market include,

  • Berkshire Hathaway
  • Duracell Inc.
  • Energizer Holdings Inc.
  • GP Batteries International Ltd.
  • Panasonic Energy Europe NV
  • Renata SA
  • Sony Electronics Inc.
  • Spectrum Brands Inc.
  • VARTA Microbattery GmbH.
  • Konnoc , and various others.

 

Global Zinc-Air Battery Recent Developments

  • In January 2022, Zinc Energy Solutions and Digital Energy Corporation have reached a strategic agreement for the installation of a zinc-air energy storage system patent in New York. The product offering for zinc-air batteries at Zinc Energy Solution has been improved by this strategic partnership.

 

Scope of the Global Zinc-Air Battery Report

Zinc-Air Battery Market Report Segmentation

ATTRIBUTE

DETAILS

By Type

  • Rechargeable
  • Non-Rechargeable

By End-Use

  • Energy Storage
  • Safety Lamps
  • Hearing Aids
  • Safety Lamps
  • Medical Devices
  • Military Devices
  • Others

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Zinc-Air Battery Market Size and Forecast: To identify and estimate the market size for the global zinc-air battery market segmented by type, by end use, region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of zinc-air battery between 2019 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for the global zinc-air battery market
  • Market Influencing Factors: To find out the factors which are affecting the sales of zinc-air battery among consumers
  • Impact of COVID-19: To identify and understand the various factors involved in the global zinc-air battery market affected by the pandemic
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

 

Intended Audience

  • Manufacturers
  • Research and Development Professionals
  • Government Agencies
  • Energy Industry Professionals

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

On the basis of Geography, the zinc-air battery market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
According to zinc-air battery market research, the market is expected to grow at a CAGR of ~8.0% over the coming years.
North America is expected to register the highest CAGR during 2024 - 2032.
Asia-Pacific held the largest share in 2023.
The major players operating in the global market include Berkshire Hathaway, Duracell Inc., Energizer Holdings Inc., GP Batteries International Ltd., Panasonic Energy Europe NV, Renata SA, Sony Electronics Inc., Spectrum Brands Inc., VARTA Microbattery GmbH., Konnoc , and various others.
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