The global Zinc Air Batteries Market size was USD 117.5 million in 2020. The market is projected to grow from USD 125.4 million in 2021 to USD 105.6 million in 2028 at a CAGR of 7.8% during the 2021-2028 period.
The latest research report published by We Markets on the Zinc Air Batteries Market is intended to offer reliable data on various key factors shaping the growth curve of the market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders. If you are an investor looking for a potential opportunity in the Zinc Air Batteries Market, you should consider focusing on the X segment. The segment accounted for a considerable share in the Zinc Air Batteries Market in 2023. The share in this segment comes with a wide range of opportunities including manufacturing products, distribution, retail, and marketing services.
The study on the Zinc Air Batteries Market is intended to offer a holistic market overview to stakeholders about multiple points including manufacturers, suppliers, distributors, cultivators, brands and investors, and to help them develop winning growth strategies. Stakeholders in the Zinc Air Batteries market, which include investors, industry experts, researchers, and journalists, and business researchers, can leverage the information and data presented in We Markets study.
A zinc-based anode and an alkaline electrolyte serve as the cathode and anode, respectively, of zinc-air batteries. Zinc-air batteries generate electrochemical energy by directly using the oxygen present in the air. The cathode reactant, oxygen, diffuses right into the battery. Although they are neither consumed or transformed during discharge, air cathodes use an aqueous alkaline electrolyte to catalytically boost the oxygen reaction. The zinc anode adds extra volume to the cathode, giving it an almost limitless capacity and a high energy density. The principal uses of zinc air batteries include button cells for hearing aids and bulk batteries for commercial uses like electric fences and rail power supplies.
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Key Companies Insights
New product launches, market expansions, and partnerships are strategic approaches favoured by most companies in the zinc air batteries business. Duracell, Ravoyac, Varta AG, and GP Batteries are market leaders with well-established supply chains for their product distribution. Furthermore, increasing efforts by major players to improve battery characteristics are expected to create lucrative growth opportunities for the market. For example, in September 2020, Ashok Leyland (India) and Hindustan Zinc Limited (India) collaborated with IIT-Madras to develop a zinc-air battery. Some of the key players operating in the global zinc air batteries 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
Rayovac (Spectrum)
Other Players
Segments:
By Type
Primary Type
Secondary Type
By Voltage Type
Up to 12 V
12 V to 36 V
More than 36 V
By Application
Hearing Aids
Alarm System battery
Electric Fencing
Energy Storage
Backup Power
On-grid Integration with Renewable
Off-grid Energy Storage
IoT Wearables
LED Lamps
Military
Railway & Road Traffic Signaling
Other Applications
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Flat discharge voltage, safety and environmental benefits, long shelf life, and inexpensive price are all advantages of zinc-air batteries. In addition, compared to the majority of primary batteries, zinc-air batteries offer a high volumetric energy density. Zinc air batteries’ high energy density makes them suited for portable uses like electric vehicles and maybe smaller devices like laptops, enabling their commercialisation in these areas. The medical and telecom industries also make heavy use of zinc air batteries. Modern small hearing aids are primarily powered by zinc air batteries. A 9V zinc battery is used in hospitals to power heart rate monitors. Recently, Bluetooth headphones with low-power digital wireless protocols have begun using zinc air batteries in the form of coins.
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Objective of Studies:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Zinc Air Batteries.
- To provide insights about factors affecting the market growth. To analyze the Zinc Air Batteries based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by application, product type and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Zinc Air Batteries.
