Zinc–air battery market is expected to reach $223.7 million by 2030


Posted May 28, 2024 by Richasinha

Zinc–air Battery Market by Type (Primary Type, Secondary Type), Voltage Type (Up to 12 V, 12 V to 36 V, More than 36 V), Application, and Geography - Global Forecast to 2030

 
The Zinc–air battery market is expected to reach $223.7 million by 2030, growing at a CAGR of 7.8% from 2023 to 2030. This growth is driven by increasing research and development in Zinc–air battery technology and rising investments from leading manufacturers due to its economic benefits. Additionally, the escalating demand for Zinc–air batteries in hearing aids and electronic devices, coupled with the need for higher energy-density storage solutions, is anticipated to create significant opportunities for market players.
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Anode corrosion is a prevalent issue in Zinc–air batteries, significantly impacting their performance and posing a major challenge to their adoption. Additionally, health concerns related to mercury use further hinder market growth.


The global Zinc–air battery market is segmented by type, voltage, application, and geography. The study also assesses industry competitors and analyzes regional and country-level markets.
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The global Zinc–air battery market is segmented by type, voltage, application, and geography.

By Type:
The market is divided into primary and secondary types. In 2023, the primary type segment is projected to hold the largest market share. This dominance is due to the primary Zinc–air batteries' easy maintenance, environmental friendliness, leak-proof design, and cost-effectiveness. These batteries are extensively used in consumer electronic devices such as wearable devices and remote controls, driving market growth.
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By Voltage Type:
The market is categorized into up to 12 V, 12 V to 36 V, and more than 36 V segments. In 2023, the up to 12 V segment is expected to capture the largest market share, driven by the increasing demand for low-voltage Zinc–air batteries in applications like hearing aids and LED lamps.

By Application:
The market is segmented into hearing aids, alarm system batteries, electric fencing, energy storage, IoT wearables, LED lamps, military, railway & road traffic signaling, and others. The hearing aids segment is anticipated to hold the largest share in 2023, due to the rising incidence of hearing loss in developing countries.
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By Geography:
The market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to dominate the market. This region's large share is attributed to the increasing adoption of Zinc–air batteries in electric vehicles, particularly electric cars. Zinc–air batteries are known for their high volumetric energy density, specific energy, safety, and reduced hazards. Asia-Pacific is also a major market due to its status as a manufacturing hub for a significant portion of global electronics.

Key Players:
The key players profiled in the global Zinc–air battery market study include Energizer Holdings, Inc. (U.S.), ENZINC, INC. (U.S.), The Duracell Company (U.S.), ZAF Energy Systems, INC (U.S.), Electric Fuel Battery Corporation (U.S.), Iskra (Solvenia), VARTA AG (Germany), Renata AG SA (Switzerland), AZA Battery (Belgium), Phinergy Ltd. (Israel), ZeniPower (Zhuhai Zhi Li) Battery Co., Ltd. (China), Zinc8 Energy Solutions Inc. (Canada), and GPB International Limited (China).
Key Questions Answered in the Report:
• Which are the high-growth market segments in type, voltage type, application, and geography?
• What is the historical market size for Zinc–air battery across the globe?
• What are the market forecasts and estimates for the period 2023–2030?
• What are the major drivers, restraints, opportunities, and challenges in the global Zinc–air battery market?
• Who are the major players in the market, and what are their market shares?
• How is the competitive landscape for the global Zinc–air battery market?
• What are the recent developments in the global Zinc–air battery market?
• What are the different strategies adopted by the major players in the market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the global Zinc–air battery market, and how do they compete with other players?
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Issued By richa
Country India
Categories Miscellaneous
Last Updated May 28, 2024