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The rising acceptance for zinc-air batteries is driven by increased demand for efficient, environment-friendly, and cost-effective energy storage solutions. Owing to the fact that the demand for zinc-air batteries is evolving from the automotive and telecom industry, the global zinc-air batteries market size valued at $1312 million in 2018, and it is projected to grow with a compound annual growth rate of 7.86% during the forecast period of 2019-2025.The business intelligence report titled “Zinc-Air Batteries Market – By Type (Rechargeable, Non-rechargeable), By Applications (Electric Cars, Safety Lamps, Remote Signaling, Communication, Small Devices) and Forecast Period (2019-2025).” The growing popularity of the mercury-free batteries along with the use of zinc nanoparticles to improve the performance of the anode and the reaction of the battery is boosting the zinc-air batteries market. This report covers zinc-air batteries market Size by type and applications, zinc-air batteries market share by top 5 companies and also the market share by start-ups during the forecast period.
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Global Zinc-Air Batteries Market: Leading Segments
Europe is the leading region in the zinc-air batteries. This attributes with the flourishing electronics and automotive industries in the region. Rising inclination of consumers towards appealing technologies and gadgets along with the high percentage of the aged population is anticipated to contribute to the demand growth for zinc-air batteries. The region accounted for a major share of 36% in 2018.
Lightweight is one of the factors that drive the zinc-air batteries market. Among the application segment, small devices are the best performing segment. High energy density, constant voltage, cost-effectiveness, rechargeable, and long battery life are some benefits that are associated with the growth of small devices. The application is anticipated to grow with CAGR of 8.82% through to end period.
Global Zinc-Air Batteries Market: Growth Drivers and Trends
The emerging use of zinc-air batteries in remote railway signaling and navigation aid systems are driving the zinc-air batteries market. The use of zinc-air batteries from miniature hearing aids to cardiac telemetry monitors system for continuous health monitoring purpose will stimulate the market value.
In the telecommunication sector, zinc-air batteries are used for communication receivers including e-mail devices, pagers, and other messaging tools are leveraging profits in the zinc-air batteries market.
The global shift towards clean energy has prompted the demand for zinc and zinc-air battery systems that are generating several opportunities for the key players in the zinc-air battery market.
While other batteries cost $300 to $500 per kilowatt-hour, zinc-air batteries cost not more than $100 per kilowatt hour. The growing rural projects to provide access to electricity in the communities and rural areas are creating demand for the zinc-air rechargeable battery.
The recent research project known as ZnMobil was funded by the German Federal Ministry for Economic Affairs and Energy. The main aim behind the project is to develop a scalable zinc-air battery for mobile applications. Increasing demand for fast charge batteries or mechanical batteries will generate high revenue.
The technologies used in large scale storage systems such as pumped system or compressed air energy storage (CAES) requires large water reservoirs to performance. The project named as Powair funded by the EU’s Seventh Framework Programme (FP7), aimed to develop a technology that permits large capacities of electrical energy to be transmitted, distributed, stored whenever required.
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Global Zinc-Air Batteries Market: Competitive Landscape
Some of the major players in the zinc-air batteries market are Berkshire Hathaway Inc., Spectrum Brands Holdings, Inc., Energizer Holdings, Panasonic Corporation, NantEnergy, ReVolt Technologies, Electric Fuel Battery Corporation, ZAF Energy Systems, Kodak Batteries, Fujitsu, and Toshiba.
Related Reports:
A. Automotive Battery Market
https://www.industryarc.com/Report/15291/automotive-battery-market.html
B. Lithium-Ion battery
https://www.industryarc.com/Report/15433/lithium-ion-battery-market.html
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