Chicago, IL, Jan. 03, 2023 (GLOBE NEWSWIRE) -- According to Zion Market Research has published a new research report titled “Zinc-Air Batteries Market By Type (Rechargeable And Non-Rechargeable), By End-Use Industry (Military Devices, Hearing Aids, Safety Lamps, Medical Devices, Energy Storage, And Others) And By Region: Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022-2030” in its research database.

“According to the latest research study, the demand of global Zinc-Air Batteries Market size & share in terms of revenue was valued at USD 111.5 million in 2021 and it is expected to surpass around USD 128.5 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 8.5% during the forecast period 2022 to 2030.”

What are Zinc-Air Batteries? How big is the Zinc-Air Batteries Industry?

Zinc-Air Batteries Report Coverage & Overview:

Zinc-air batteries, also identified as zinc-air fuel cells, are metal-air batteries filled with oxygen. The reaction rate of zinc-air batteries is controlled by varying the airflow, and oxidized zinc/electrolyte paste can be replaced with fresh paste. Zinc-air batteries can be used to replace now discontinued 1.35 V mercury batteries. The global zinc-air batteries market is evolving, and companies are now focusing more on strengthening and consolidating R&D activities, thereby increasing the production capacity of plastic packaging thus, driving the market growth by catering to the need for zinc-air batteries in various end-use industries.

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Global Zinc-Air Batteries Market: Growth Dynamics

The global zinc-air batteries market growth is expected to be driven by the use of zinc-air batteries in the electronics industry. Key factors such as a rise in disposable income among people, and a growing consumer craze for electric vehicles have driven the market. Furthermore, several people are facing hearing loss at a young age. For instance, according to an article published by the U.S. Department of Health and Human Services in 2021, about 2 to 3 out of every 1,000 children in the United States are born with a detectable level of hearing loss in one or both ears. Zinc-air batteries are extensively used in hearing aids owing to their greater battery efficiency and durability.

The high initial cost of adoption is expected to restrict global market expansion. In addition, the availability of cost-effective lithium-ion batteries is expected to hamper the market growth. Moreover, the explosive production of hydrogen due to a corrosive reaction between an electrolyte and a zinc anode is expected to restrain the market during the forecast period.

The government of both developed and developing economies have taken initiatives for generating renewable energy storage systems which will provide lucrative opportunities for the zinc-air battery.

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Report Scope

Report AttributeDetails
Market Size in 2021USD 111.5 million
Projected Market Size in 2030USD 128.5 million
CAGR Growth Rate8.5% CAGR
Base Year2021
Forecast Years2022-2030
Key Market PlayersBerkshire Hathaway, Duracell, Inc., Energizer Holdings, Inc., GP Batteries International Ltd., Panasonic Energy Europe NV, Renata SA, Sony Electronics, Inc., Spectrum Brands, Inc., and VARTA Microbattery GmbH., Konnoc, and Rayovac (Spectrum).
Key SegmentBy Type, By End Use Industry, and By Region
Major Regions CoveredNorth America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
Purchase OptionsRequest customized purchase options to meet your research needs. Explore purchase options

Zinc-Air Batteries Market: Segmentation Analysis

The global zinc-air batteries market is segmented based on type, end-use industry, and region.

Based on type, the global zinc-air batteries are segmented into rechargeable and non-rechargeable. The rechargeable battery type segment will dominate during the forecast period and accounted for 48.65% of the total market share. Rechargeable batteries offer promising performance at low current density due to which it is widely used in electric vehicles, electronic gadgets, and other battery-based products. 

On the basis of the end-user industry, it is categorized into military devices, hearing aids, safety lamps, medical devices, energy storage, and others. The global hearing aids end-use sector will dominate during the forecast period and accounted for 36.65% of the total market share. There are several key factors for the growth of the zinc-air batteries market in the hearing aids end-use industry segment. One of the key elements such as the growing young population, rise in the number of hearing loss people, and robust growth in the production rate of hearing aids devices has spurred the zinc-air batteries market. Zinc-air batteries are cost-effective, has a longer shelf life, and act as an excellent power source. This factor will foster the market for hearing aids end-use segment.

The global Zinc-Air Batteries market is segmented as follows:

By Type

By End Use Industry

Browse the full “Zinc-Air Batteries Market By Type (Rechargeable And Non-Rechargeable), By End-Use Industry (Military Devices, Hearing Aids, Safety Lamps, Medical Devices, Energy Storage, And Others) And By Region: Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022-2030” Report at https://www.zionmarketresearch.com/report/zinc-air-batteries-market

Competitive Landscape

Some of the main competitors dominating the global Zinc-Air Batteries market include – 

Key Insights from Primary Research:

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Key questions answered in this report:

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Regional Analysis:

The global zinc-air batteries market is anticipated to be dominated by the Asia-Pacific region. A major factor for the market growth is the high production rate and manufacturing units in China and India.

Asia-Pacific may be driven by China which had a total global market share of 43.67% in 2019. The regional growth may be attributed to the shift towards cost-effective and operation-efficiency-based zinc-air battery products. Moreover, North America and Europe have shown positive growth in the zinc-air battery market. This is attributed to the fact that stringent norms and regulations from European Union and government support for sustainable renewable energy production have driven the market during the forecast period.

By Region

Recent Developments

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FREQUENTLY ASKED QUESTIONS

Robust shift for energy storage batteries and growing production rate of medical devices especially hearing aids will drive the market.

The global zinc-air batteries market size was worth around USD 111.5 million in 2021 and is predicted to grow to around USD 128.5 million by 2030 with a compound annual growth rate (CAGR) of roughly 8.5% between 2022 and 2030.

The global zinc-air batteries market growth is expected to be driven by Asia-Pacific. It is currently the world’s highest revenue-generating market owing to the presence of key players in China and India.

Berkshire Hathaway, Duracell, Inc., Energizer Holdings, Inc., GP Batteries International Ltd., Panasonic Energy Europe NV, Renata SA, Sony Electronics, Inc., Spectrum Brands, Inc., and VARTA Microbattery GmbH., Konnoc, and Rayovac (Spectrum).

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