Global Zinc Air Batteries Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Zinc-Air Batteries Market was worth US$ 161.8 Mn and is expected to grow at a CAGR of 8.7% over the forecast period. While the historical CAGR is 7.2%, the market is expected to hit US$ 372.6 Mn by 2032 end.
Electrochemical batteries that are non-rechargeable and driven by the oxidation of zinc with oxygen from the air are known as zinc-air batteries or zinc-air fuel cells. These batteries are produced at comparatively low costs and have great energy densities. Due to their robustness and environmentally favorable working properties, these batteries are resilient. These batteries are crucial because numerous studies are being done on using zinc-air batteries for electric power vehicles, which is the clearest automotive trend.
INCREASING USE OF ZINC-AIR BATTERIES, ESPECIALLY IN HEARING AIDS AND ELECTRONIC DEVICES
Zinc-air batteries feature nearly flat drain curves and a high energy density. A zinc-air battery has a flat discharge voltage, safety, long shelf life, positive environmental effects, and low cost. Thus, these batteries are employed in gadgets like hearing aids and medical equipment. Air holes in zinc-air batteries are first sealed with a protection cover.
They are maintained dormant until they are required. Before installing the battery in the hearing aid, the protective film must be removed. After a few seconds of activation, the storm begins to generate current. About 3% of zinc-air batteries self-discharge annually. These batteries should not be kept for a long time once activated (after removing the protective cover).
HEALTH CONCERN OWING TO MERCURY SHRINKS THE ADOPTION OF ZINC-AIR BATTERIES
The product’s significant lack of demand is caused by mercury, which is considered harmful to health. The threat of a lithium-ion battery, which may be a less expensive option shortly because it is allegedly more powerful, durable, and long-lasting, is added to this. These elements may result in the stagnation of this market.
Market Segments Covered in Report
By Region and Country:
Which type accounts for the dominant share in the zinc-air batteries market?
Non-rechargeable batteries can be thrown away, are more affordable, and require less upkeep. Because of their long shelf lives and durability, non-rechargeable batteries will become more and more popular. There are many applications for non-rechargeable zinc-air batteries, ranging from small devices to big vehicles.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
The market participants used various organic and inorganic growth methods, including new releases, product innovations, collaborations, and acquisitions, to bolster their offerings in the market.
The key developments in the Global Zinc-Air Batteries Market are:
A list of some of the key suppliers present in the market are:
Global Zinc Air Batteries Market 2022-2032: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 8.7%.
Zinc-air batteries feature nearly flat drain curves and a high energy density. A zinc-air battery has a flat discharge voltage, safety, long shelf life, positive environmental effects, and low cost. Thus, these batteries are employed in gadgets like hearing aids and medical equipment.
The product’s significant lack of demand is caused by mercury, which is considered harmful to health.
Key Global Zinc-Air Batteries Market players are Duracell, Ravoyac, Nantenergy, Electric Fuel Battery Corporation, ZAF Energy System, Varta AG, GP Batteries, Phinenergy, Thunderzee, Renata SA, AZA Battery
Asia Pacific Region is expected to account for the largest market revenue share in the Global Zinc-Air Batteries Market.
Let us Help you!
Facing issues finding the exact research to meet your business needs? Let us help you! One of our Research Executives will help you locate the research study that will answer your concerns.Speak to Analyst
Connect with Us!