ZINC AIR BATTERY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The zinc-air battery market is estimated to be valued at USD 2.22 Bn in 2024 growing at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031. Zinc-air batteries are environment-friendly electric batteries that have a zinc anode and an air-breathing cathode. They offer high energy density and are cost effective compared to other battery technologies such as lithium-ion batteries. The global zinc-air battery market is witnessing high growth owing to the increasing demand for sustainable battery solutions across the consumer electronics, transportation, and grid energy storage applications. The growing adoption of electric vehicles and the need for power backup during emergencies and disasters is also propelling the demand. However, high self-discharge rate and limited lifespan of zinc-air batteries pose challenges to widespread adoption. Ongoing research & development in materials and manufacturing technologies aim to address these issues and drive the zinc-air battery market in the coming years.

 Market Dynamics:

The global zinc-air battery market is driven by factors such as the growing demand for sustainable and cost-effective battery solutions across various applications. Zinc-air batteries have a high energy density and are environment-friendly compared to other battery chemistries. The increasing adoption of electric vehicles to reduce transportation emissions is also boosting the market growth. However, limited lifespan and high self-discharge rate of zinc-air batteries act as a restraint. Ongoing R&D in materials and manufacturing technologies to improve cycle life is unlocking new opportunities. Focus on stationary energy storage systems for grids also presents an opportunity.

Key Features of the Study:

• This report provides an in-depth analysis of the global zinc-air battery market, and provides market size (US$ Bn & Units) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global zinc-air battery market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Phinergy, Arotech Corporation, Energizer Holdings, GP Batteries International, Zinc8 Energy Solutions, Panasonic Batteries, Duracell, Renata SA, EverZinc, Ravoyac, Nantenergy, Electric Fuel Battery Corporation, ZAF Energy System, Varta AG, Thunderzee, and AZA Battery
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global zinc-air battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global zinc-air battery market

Market Segmentation

• Type:
• • Non-Rechargeable
  • Rechargeable
• Voltage Type:
• • Up to 12 V
  • 12 V to 36 V
  • More than 36 V
• Application:
• • Solvent Borne
  • Hearing Aids
  • Military Devices
  • Others (Railway & Road Traffic Signaling, etc.)
• Regional:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
• • Phinergy
  • Arotech Corporation
  • Energizer Holdings
  • GP Batteries International
  • Zinc8 Energy Solutions
  • Panasonic Batteries
  • Duracell
  • Renata SA
  • EverZinc
  • Ravoyac
  • Nantenergy
  • Electric Fuel Battery Corporation
  • ZAF Energy System
  • Varta AG
  • Thunderzee
  • AZA Battery