The Zinc Air Batteries Market size was valued at USD 124.45 million in 2023 and is expected to grow to USD 225.29 million by 2031 with a growing CAGR of 7.7% over the forecast period of 2024-2031.
Due to its safety, high energy density, and low cost, the zinc-air battery is one of the most promising contenders for next-generation batteries for energy storage. For the development of high-performance rechargeable Zn-air cells as well as electrocatalysts, there are numerous difficulties in electrolytes. The vital component of rechargeable Zn-air batteries that determines their capacity, cycle stability, and longevity is an electrolyte. This study examines the most recent developments in the design and production of electrolytes for flexible and aqueous Zn-air batteries.
.png)
To Get More Information on Zinc Air Batteries Market - Request Sample Report
The surface reaction interactions between the air, catalyst, electrolyte, and electrolyte-zinc reaction process were discussed. We focus on three alternative electrolytes used in zinc-air batteries that have recently undergone significant development: aqueous electrolyte, room-temperature ionic liquid, and quasi-solid flexible electrolyte. Additionally, the broad perspective is suggested for creating and by creating electrolytes to enhance the functionality and increase the lifespan of Zn-air batteries.
MARKET DYNAMICS
KEY DRIVERS:
Rising use of zinc batteries
Increased Zinc-Air Battery Capacity and Economic Advantage
Increasing Zinc-Air Battery Research and Development Activities
RESTRAIN:
Mercury-related health issues cause a decline in the use of zinc-air batteries.
The product's significant lack of demand is caused by mercury, which is thought to be harmful to health. The threat of a lithium-ion battery, which may be a less expensive option in the near future because it is allegedly more powerful, durable, and long-lasting, is added to this. These elements may result in a stagnation of this market.
OPPORTUNITY:
Rise in demand for Zink Air batteries for hearing aids.
Replacement of mercury cell with zinc air batteries
CHALLENGES:
Electrolyte and anode corrosion in zinc-air batteries
The corrosion between the electrolyte and the anode in zinc-air batteries is one of their most serious problems. The battery is dangerous because of the potential for explosive hydrogen gas to result from their interaction. However, studies have shown that the production of hydrogen gas is decreased when zinc alloys with lead, mercury, cadmium, and lead oxides are used. On the other hand, minute amounts of mercury present in zinc-air batteries may be harmful to people. These batteries have a potential for mercury leakage, which raises the danger of mercury poisoning. So, businesses use zinc nanoparticles to enhance the anode's performance.
By Type
Non-Rechargeable
Rechargeable
By Application
Military Devices
Safety Lamps
Others
.png)
Do You Need any Customization Research on Zinc Air Batteries Market - Enquire Now
REGIONAL ANALYSIS
Asia-Pacific, which now holds a 43.67% market share, is predicted to be the region driving the growth of the worldwide zinc-air battery market. Throughout the predicted period, this region is also expected to continue to dominate. The installation of enormous electric vehicles in nations like China, India, and South Korea has raised demand for zinc-air batteries. Additionally, zinc-air batteries provide an economical energy storage system, which is why the market is anticipated grow to increase within the predicted time. Additionally, government spending on zinc-air batteries in India has created new market potential for the zinc-air batteries industry worldwide are employed in electric cars. The market will probably be driven by this factor in the next years. In 2021, the IEA reported that there were more than 10 million electric vehicles on the road.
The adoption of battery-electric vehicles on the world's highways in 2020 will fuel the growth of zinc-air batteries. Moreover, the zinc-air battery industry has expanded favorably in North America and Europe. This is explained by the fact that the European Union has strict standards and regulations and that the government supports sustainable renewable energy. Throughout the anticipated time, production has pushed the market.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
RECENT DEVELOPMENTS
A firm named The Tunderzee released a new, cutting-edge zinc-air battery in January 2021. Compared to the lithium-ion battery, the alternative is more affordable, lighter, safer, and productive.
In order to be certified to the UL/CAS battery safety standard, the Canadian start-up Zinc8 energy solution has conducted numerous tests on zinc-air energy storage systems, and demonstration projects are currently under way in October 2021.
A deployment agreement between Zinc8 Energy Solutions and Digital Energy Corporation (US) for the installation of a unique zinc-air energy storage system at Fresh Meadows LLC in Queens, New York, was announced in January 2022.
Zinc-air batteries were created in December 2021 as a lithium-ion battery substitute and offer a 20,000-hour operational life and more than eight hours of storage.
Phinergy and the green energy firm Doral signed a memorandum of agreement in April 2021 regarding an energy storage project that will use Phinergy's zinc-air technology solutions. According to the memorandum, Phinergy will be in charge of equipment replacement, installation, operation, training, maintenance, and integration with Doral's energy facilities.
The Major Players are Duracell (U.S.), Ravoyac (U.S.), Nantenergy (U.S.), Electric Fuel Battery Corporation (U.S.), ZAF Energy System (U.S.), Varta AG (Germany), GP Batteries (Hong Kong), Phinenergy (Israel), Thunderzee (U.S.), Renata SA (Switzerland), AZA Battery (Belgium) and other players are listed in a final report.
Electric Fuel Battery Corporation (U.S.)-Company Financial Analysis
| Report Attributes | Details |
| Market Size in 2023 | US$ 124.45 Mn |
| Market Size by 2031 | US$ 225.29 Mn |
| CAGR | CAGR of 7.7 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Non-Rechargeable, Rechargeable) • By Application (Hearing Aids, Military Devices, Safety Lamps, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Duracell (U.S.), Ravoyac (U.S.), Nantenergy (U.S.), Electric Fuel Battery Corporation (U.S.), ZAF Energy System (U.S.), Varta AG (Germany), GP Batteries (Hong Kong), Phinenergy (Israel), Thunderzee (U.S.), Renata SA (Switzerland), AZA Battery (Belgium) |
| Key Drivers | • Rising use of zinc batteries • Increased Zinc-Air Battery Capacity and Economic Advantage • Increasing Zinc-Air Battery Research and Development Activities |
| Market Restraints | • Mercury-related health issues cause a decline in the use of zinc-air batteries. |
Ans: Zinc Air Batteries Market is anticipated to expand by 7.7% from 2024 to 2031.
Ans: USD 225.29 million is expected to grow by 2031.
Ans: Zinc Air Batteries Market size was valued at USD 124.45 million in 2023
Ans: North America is dominating the market.
Ans: Rising use of zinc batteries, Increased Zinc-Air Battery Capacity and Economic Advantage, Increasing Zinc-Air Battery Research and Development Activities
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Zinc Air Batteries Market Segmentation, By Type
8.1 Non-Rechargeable
8.2 Rechargeable
9. Zinc Air Batteries Market Segmentation, By Application
9.1 Hearing Aids
9.2 Military Devices
9.3 Safety Lamps
9.4 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Zinc Air Batteries Market by Country
10.2.2North America Zinc Air Batteries Market by Type
10.2.3 North America Zinc Air Batteries Market by Application
10.2.4 USA
10.2.4.1 USA Zinc Air Batteries Market by Type
10.2.4.2 USA Zinc Air Batteries Market by Application
10.2.5 Canada
10.2.5.1 Canada Zinc Air Batteries Market by Type
10.2.5.2 Canada Zinc Air Batteries Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Zinc Air Batteries Market by Type
10.2.6.2 Mexico Zinc Air Batteries Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Zinc Air Batteries Market by Country
10.3.1.2 Eastern Europe Zinc Air Batteries Market by Type
10.3.1.3 Eastern Europe Zinc Air Batteries Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Zinc Air Batteries Market by Type
10.3.1.4.2 Poland Zinc Air Batteries Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Zinc Air Batteries Market by Type
10.3.1.5.2 Romania Zinc Air Batteries Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Zinc Air Batteries Market by Type
10.3.1.6.2 Hungary Zinc Air Batteries Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Zinc Air Batteries Market by Type
10.3.1.7.2 Turkey Zinc Air Batteries Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Zinc Air Batteries Market by Type
10.3.1.8.2 Rest of Eastern Europe Zinc Air Batteries Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Zinc Air Batteries Market by Country
10.3.2.2 Western Europe Zinc Air Batteries Market by Type
10.3.2.3 Western Europe Zinc Air Batteries Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Zinc Air Batteries Market by Type
10.3.2.4.2 Germany Zinc Air Batteries Market by Application
10.3.2.5 France
10.3.2.5.1 France Zinc Air Batteries Market by Type
10.3.2.5.2 France Zinc Air Batteries Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Zinc Air Batteries Market by Type
10.3.2.6.2 UK Zinc Air Batteries Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Zinc Air Batteries Market by Type
10.3.2.7.2 Italy Zinc Air Batteries Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Zinc Air Batteries Market by Type
10.3.2.8.2 Spain Zinc Air Batteries Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Zinc Air Batteries Market by Type
10.3.2.9.2 Netherlands Zinc Air Batteries Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Zinc Air Batteries Market by Type
10.3.2.10.2 Switzerland Zinc Air Batteries Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Zinc Air Batteries Market by Type
10.3.2.11.2 Austria Zinc Air Batteries Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Zinc Air Batteries Market by Type
10.3.2.12.2 Rest of Western Europe Zinc Air Batteries Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Zinc Air Batteries Market by Country
10.4.2 Asia Pacific Zinc Air Batteries Market by Type
10.4.3 Asia Pacific Zinc Air Batteries Market by Application
10.4.4 China
10.4.4.1 China Zinc Air Batteries Market by Type
10.4.4.2 China Zinc Air Batteries Market by Application
10.4.5 India
10.4.5.1 India Zinc Air Batteries Market by Type
10.4.5.2 India Zinc Air Batteries Market by Application
10.4.6 Japan
10.4.6.1 Japan Zinc Air Batteries Market by Type
10.4.6.2 Japan Zinc Air Batteries Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Zinc Air Batteries Market by Type
10.4.7.2 South Korea Zinc Air Batteries Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Zinc Air Batteries Market by Type
10.4.8.2 Vietnam Zinc Air Batteries Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Zinc Air Batteries Market by Type
10.4.9.2 Singapore Zinc Air Batteries Market by Application
10.4.10 Australia
10.4.10.1 Australia Zinc Air Batteries Market by Type
10.4.10.2 Australia Zinc Air Batteries Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Zinc Air Batteries Market by Type
10.4.11.2 Rest of Asia-Pacific APAC Zinc Air Batteries Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Zinc Air Batteries Market by Country
10.5.1.2 Middle East Zinc Air Batteries Market by Type
10.5.1.3 Middle East Zinc Air Batteries Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Zinc Air Batteries Market by Type
10.5.1.4.2 UAE Zinc Air Batteries Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Zinc Air Batteries Market by Type
10.5.1.5.2 Egypt Zinc Air Batteries Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Zinc Air Batteries Market by Type
10.5.1.6.2 Saudi Arabia Zinc Air Batteries Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Zinc Air Batteries Market by Type
10.5.1.7.2 Qatar Zinc Air Batteries Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Zinc Air Batteries Market by Type
10.5.1.8.2 Rest of Middle East Zinc Air Batteries Market by Application
10.5.2 Africa
10.5.2.1 Africa Zinc Air Batteries Market by Country
10.5.2.2 Africa Zinc Air Batteries Market by Type
10.5.2.3 Africa Zinc Air Batteries Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Zinc Air Batteries Market by Type
10.5.2.4.2 Nigeria Zinc Air Batteries Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Zinc Air Batteries Market by Type
10.5.2.5.2 South Africa Zinc Air Batteries Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Zinc Air Batteries Market by Type
10.5.2.6.2 Rest of Africa Zinc Air Batteries Market by Application
10.6 Latin America
10.6.1 Latin America Zinc Air Batteries Market by Country
10.6.2 Latin America Zinc Air Batteries Market by Type
10.6.3 Latin America Zinc Air Batteries Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Zinc Air Batteries Market by Type
10.6.4.2 Brazil Africa Zinc Air Batteries Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Zinc Air Batteries Market by Type
10.6.5.2 Argentina Zinc Air Batteries Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Zinc Air Batteries Market by Type
10.6.6.2 Colombia Zinc Air Batteries Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Zinc Air Batteries Market by Type
10.6.7.2 Rest of Latin America Zinc Air Batteries Market by Application
11 Company Profile
11.1 Duracell (U.S.)
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Ravoyac (U.S.)
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Nantenergy (U.S.)
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Electric Fuel Battery Corporation (U.S.)
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 ZAF Energy System (U.S.)
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Varta AG (Germany)
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 GP Batteries (Hong Kong)
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Phinenergy (Israel)
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Thunderzee (U.S.)
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Renata SA (Switzerland)
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 AZA Battery (Belgium)
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Product/Services Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Distributed Control Systems Market size was valued at USD 19.45 Billion in 2023. It is expected to grow to USD 33.04 Billion by 2032 and grow at a CAGR of 6.07% over the forecast period of 2024-2032.
The Distributed Energy Generation Market size was valued at USD 311.22 billion in 2022 and is expected to grow to USD 743.47 billion by 2030 and grow at a CAGR of 11.5 % over the forecast period of 2023-2030.
The Portable Generators Market size was valued at USD 2.65 billion in 2022 and is expected to grow to USD 4.09 billion by 2030 and grow at a CAGR of 5.6% over the forecast period of 2023-2030.
The Dual Carbon Battery Market size was valued to grow at a CAGR of 5.77% over the forecast period of 2024-2031.
The Gas Turbine Services Market size was valued at USD 19.96 billion in 2023 and is expected to grow to USD 27.12 billion by 2031 and grow at a CAGR of 3.9 % over the forecast period of 2024-2031.
The Emergency Lighting Market size was valued at USD 7.22 billion in 2023 and is expected to grow to USD 14.32 billion by 2032 with a growing CAGR of 7.91% over the forecast period of 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
