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 2024 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.

Impact of COVID-19 on the Global Zinc–air Battery Market

The spread of COVID-19 resulted in huge casualties and heavy economic losses. The pandemic severely impacted several sectors, including the automotive sector, with major manufacturers shutting down their operations completely or operating at reduced capacities following the directives issued by their respective governments. Uncertainty regarding the duration of the lockdown and supply-chain disruptions made it difficult for players to anticipate the Zinc–air  battery market's recovery. The COVID-19 crisis caused structural shifts severely impacted this market.

Major applications of Zinc–air battery include hearing aids, alarm system battery, electric fencing, energy storage, IoT wearables, LED lamps, military, and railway & road traffic signaling, among others. The adoption of Zinc–air  battery for alarm systems, electric fencing, energy storage and railway & road traffic signaling was hampered due to worldwide disruption of mobility, manufacturing processes, and lowered trespassing.

                        
 Click here to: Get Free Sample Copy of thi s report

Increasing R&D in Zinc–air Battery

The increasing research and development activities in Zinc–air battery for usage in electric vehicles and energy storage devices are expected to fuel the Zinc–air battery market growth. The economic advantages of Zinc–air  battery, such as lower manufacturing costs over lithium-ion battery and higher energy density, are expected to stimulate market growth. The increasing efforts by key players to improve battery characteristics are anticipated to create lucrative growth opportunities for the market. For instance, in September 2020, Ashok Leyland (India) and Hindustan Zinc Limited (India) collaborated with IIT-Madras to develop Zinc–air  battery.

The rising adoption of renewable energy sources, such as wind and solar, for power generation is expected to favor the growth of this market. Furthermore, the increasing need to reduce greenhouse gas emissions is anticipated to boost the demand for battery storage systems and is thus anticipated to complement the market growth. The growing advancements in electric vehicles are also expected to fuel market growth.

Key Findings in the Global Zinc–air Battery Market:

Based on type, the secondary type segment is projected to register the highest CAGR during the forecast period

Based on type, the global Zinc–air  battery market is segmented into primary type and secondary type. The secondary type segment is projected to register the highest CAGR during the forecast period. The segment's high growth is attributed to its high shelf life and durability. Rechargeable Zinc–air  battery have multiple applications, ranging from small-scale devices to large vehicles. These battery are also known for their durability, reliability, and output generation.

Based on voltage type, in 2024,  the up to 12 v segment is expected to account for the largest share 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 2024, 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 applications, including hearing aids and LED lamps.

Based on application, the energy storage segment is projected to register the highest CAGR during the forecast period

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 other application. The energy storage segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the growing acceptance of renewable sources of energy, such as solar and wind. The rising necessity to diminish greenhouse gas emissions (GHG) and growing demand for power supply are contributing to the installation of renewable sources for power generation, leading to the development of battery storage systems, which, in turn, support the development of Zinc–air  battery.

Europe is slated to register the highest CAGR during the forecast period

Based on geography, the global Zinc–air  battery market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is projected to register the highest CAGR during the forecast period. The growth of this market is driven by the increasing government emphasis on reducing greenhouse gas emissions. Many European countries, including France, Argentina, and Germany, aim to reach zero CO2 emissions by 2050. Additionally, government projects to develop modern battery for the automotive industry are anticipated to propel the growth of the Europe Zinc–air  battery market in the coming years.

Key Players

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).

Scope of the Report

Zinc–air Battery Market, by Type  

• Primary Type
• Secondary Type

Zinc–air Battery Market, by Voltage Type

• Up to 12 V
• 12 V to 36 V
• More than 36 V

Zinc–air Battery Market, 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

Zinc–air Battery Market, by Geography       

• Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Singapore
  • Rest of Asia-Pacific (RoAPAC)
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe (RoE)
• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America (RoLATAM)
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa (RoMEA)

Key Questions Answered in the Report: