Zinc-Air Batteries Market

Global Zinc Air Batteries Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Zinc-Air Batteries Market was worth US$ 161.8 Mn and is expected to grow at a CAGR of 8.7% over the forecast period. While the historical CAGR is 7.2%, the market is expected to hit US$ 372.6 Mn by 2032 end.

Electrochemical batteries that are non-rechargeable and driven by the oxidation of zinc with oxygen from the air are known as zinc-air batteries or zinc-air fuel cells. These batteries are produced at comparatively low costs and have great energy densities. Due to their robustness and environmentally favorable working properties, these batteries are resilient. These batteries are crucial because numerous studies are being done on using zinc-air batteries for electric power vehicles, which is the clearest automotive trend.

Market Dynamic

INCREASING USE OF ZINC-AIR BATTERIES, ESPECIALLY IN HEARING AIDS AND ELECTRONIC DEVICES

Zinc-air batteries feature nearly flat drain curves and a high energy density. A zinc-air battery has a flat discharge voltage, safety, long shelf life, positive environmental effects, and low cost. Thus, these batteries are employed in gadgets like hearing aids and medical equipment. Air holes in zinc-air batteries are first sealed with a protection cover.

They are maintained dormant until they are required. Before installing the battery in the hearing aid, the protective film must be removed. After a few seconds of activation, the storm begins to generate current. About 3% of zinc-air batteries self-discharge annually. These batteries should not be kept for a long time once activated (after removing the protective cover).

HEALTH CONCERN OWING TO MERCURY SHRINKS THE ADOPTION OF ZINC-AIR BATTERIES

The product’s significant lack of demand is caused by mercury, which is considered harmful to health. The threat of a lithium-ion battery, which may be a less expensive option shortly because it is allegedly more powerful, durable, and long-lasting, is added to this. These elements may result in the stagnation of this market.

Market Segments Covered in Report

By Type:

• Non-Rechargeable
• Rechargeable

By Application:

• Hearing Aids
• Military Devices
• Safety Lamps
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Which type accounts for the dominant share in the zinc-air batteries market?

Non-rechargeable batteries can be thrown away, are more affordable, and require less upkeep. Because of their long shelf lives and durability, non-rechargeable batteries will become more and more popular. There are many applications for non-rechargeable zinc-air batteries, ranging from small devices to big vehicles.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• The Asia Pacific is the market leader, with a market share of 54.3% for zinc-air batteries over the forecast period. The two biggest markets for electric automobiles globally are Japan and China. A promising possibility is presented by using these batteries in electric vehicles, particularly in electric cars.
• North America is expected to experience steady expansion, with the United States dominating the regional market.

Competition Analysis

The market participants used various organic and inorganic growth methods, including new releases, product innovations, collaborations, and acquisitions, to bolster their offerings in the market.

The key developments in the Global Zinc-Air Batteries Market are:

• In January 2022, With Fresh Meadows LLC in Queens, New York, Zinc8 Energy Solutions announced a deployment agreement with Digital Energy Corporation (US) to implement a revolutionary zinc-air energy storage system.
• In December 2021, Zinc8 Energy Solutions created zinc-air batteries as an alternative to lithium-ion batteries, which have a 20,000-hour operational life and more than eight hours of storage.

A list of some of the key suppliers present in the market are:

• Duracell
• Royal
• Nantenergy
• Electric Fuel Battery Corporation
• ZAF Energy System
• Varta AG
• GP Batteries
• Phinergy
• Thunderzee
• Renata SA
• AZA Battery

Global Zinc Air Batteries Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies