"Zinc–air Battery Industry Poised for $223.7 Million by 2030"
Meticulous Research®, a leader in global market research, has unveiled its latest report titled “Zinc–air Battery Market: Segmentation by Type (Primary, Secondary), Voltage Range (Up to 12 V, 12-36 V, Over 36 V), Application, and Geography - Global Forecast to 2030.”
The report anticipates that the Zinc–air battery market will grow to $223.7 million by 2030, with a steady CAGR of 7.8% from 2024 to 2030.
This growth is propelled by the expanding R&D activities in Zinc–air battery technology and increasing investments by leading manufacturers, driven by the economic benefits associated with these batteries. Additionally, the rising need for Zinc–air batteries in hearing aids and electronic devices, along with the demand for higher energy-density storage solutions, is expected to present lucrative opportunities for market players.
Nonetheless, the Zinc–air battery market faces challenges, particularly with anode corrosion, which can negatively impact battery performance. Moreover, health concerns related to mercury use in these batteries are expected to hinder market growth.
The global Zinc–air battery market is divided into segments based on type, voltage range, application, and geographical region. The report also provides a detailed analysis of the competitive landscape and the performance of regional and national markets.
In terms of type, the market is segmented into primary and secondary types. The primary type is forecasted to capture the largest market share by 2024, owing to its low maintenance, environmental friendliness, leak-proof nature, and cost-effectiveness. These batteries are commonly used in consumer electronics, such as wearable devices and remote controls, which bolster their market share.
When categorized by voltage range, the market includes segments up to 12 V, between 12 V to 36 V, and more than 36 V. The up to 12 V segment is projected to dominate the market by 2024, driven by the increasing demand for low-voltage Zinc–air batteries in applications such as hearing aids and LED lamps.
The application segment includes hearing aids, alarm systems, electric fencing, energy storage, IoT wearables, LED lamps, military applications, and railway & road traffic signaling. The hearing aids segment is anticipated to hold the largest share in 2024, primarily due to the growing incidence of hearing loss in developing countries.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is predicted to lead the market by 2024, supported by the growing adoption of Zinc–air batteries in electric vehicles, especially electric cars. The region's dominance is attributed to the batteries' high energy density, safety, and ability to minimize hazards. Asia-Pacific's role as a major electronics manufacturing hub further contributes to its significant market share.
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).
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Key Questions Answered in the Report:
- Which are the high-growth market segments in type, voltage type, application, and geography?
- What is the historical market size for Zinc–air battery across the globe?
- What are the market forecasts and estimates for the period 2024–2030?
- What are the major drivers, restraints, opportunities, and challenges in the global Zinc–air battery market?
- Who are the major players in the market, and what are their market shares?
- How is the competitive landscape for the global Zinc–air battery market?
- What are the recent developments in the global Zinc–air battery market?
- What are the different strategies adopted by the major players in the market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the global Zinc–air battery market, and how do they compete with other players?
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