Meticulous Research®—a leading global market research company, published a research report titled, ‘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 projected to reach $ 223.7 million by 2030, at a CAGR of 7.8% from 2023 to 2030. The growth of this market is attributed to the increasing R&D in Zinc–air battery and rising investments by leading manufacturers due to the economic advantages of Zinc–air battery. Furthermore, the rising demand for Zinc–air battery for hearing aids and electronic devices and the growth in demand for higher energy-density storage solutions are expected to create significant opportunities for the players operating in this market.
Anode corrosion is one of the most common phenomena in Zinc–air battery affecting battery performance. Such performance issues pose a serious challenge for the Zinc–air battery adoption. Additionally, the health concerns owing to mercury restrain this market’s growth.
The global Zinc–air battery market is segmented by type, voltage type, application, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
Based on type, the global Zinc–air battery market is segmented into primary type and secondary type. In 2023, the primary type segment is expected to account for the largest share of the Zinc–air battery market. The large market share of the segment is attributed to the easy-to-maintain, environment-friendly, leak-proof, and cost-effective features of primary Zinc–air battery. These battery are widely adopted in consumer electronic devices such as wearable devices and remote controls, which, in turn, strengthens the growth of this market.
Based on voltage type, the global Zinc–air battery market is segmented into up to 12 V, 12 V to 36 V and more than 36 V. In 2023, the up to 12 V segment is expected to account for the largest share of the Zinc–air battery market. The large market share of this segment is attributed to the rising demand for low-voltage Zinc–air battery for various applications, including hearing aids and LED lamps.
Based on application, the global Zinc–air battery market is segmented into hearing aids, alarm system battery, electric fencing, energy storage, IoT wearables, LED lamps, military, railway & road traffic signaling and others. In 2023, the hearing aids segment is expected to account for the largest share of the Zinc–air battery market. The large market share of this segment is attributed to the increasing incidence of hearing loss in developing nations.
Based on geography, the global Zinc–air battery market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the Zinc–air battery market. The large share of this region is attributed to the growing adoption of Zinc–air battery in electric vehicles, especially in electric cars. Zinc–air battery have high volumetric energy density and specific energy, are safe, and reduce hazards. Asia-Pacific is a major market as the region is considered a manufacturing hub for a significant portion of global electronics.
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).
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