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Global Zinc-air Battery Market

Global Zinc-Air Battery Market

by Type (Rechargeable, Non-Rechargeable), by Application (Small Devices, Remote Signalling and Communication, Safety Lamps, Electric Cars, Others) : Global Opportunity Analysis and Industry Forecast, 2022-2032

Report Code: A50137
Pages: NA
Apr 2023 | 91 Views
Author(s) : Eswara P
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Zinc-Air technology is based on air breathing technology in which the oxygen present in air is used to convert zinc to zinc oxide. Zinc-air battery which is also known as zinc-air fuel cell is nonrechargeable electrochemical battery powered by oxidizing zinc with oxygen present in air. Zinc-air battery have high energy storage density, high safety, long shelf life, and is environment friendly which attracts the customers to use these types of batteries which drives the growth of the market in forecast period.  
Top Impacting Factors
Rise in demand for zinc-air battery especially in hearing aid devices and electronic devices drives the growth of market. The advantages offered by the zinc-air battery includes flat discharge voltage, safety, environmental benefits, and long shelf life and hence these batteries are used in such medical and electronic devices. As zinc-air batteries works on air breathing technology it has pores which are sealed with a protective covering which makes them inactive until they are used. The protective covering needs to be removed before placing the battery in hearing aid devices, and once the covering is removed the battery is activated in fraction of time. Zinc-air battery have 3% of self-discharge rate which acts annually. 
The production cost for zinc-air batteries is low when compared to lithium ion and lead acid batteries, this attracts the manufacturer to focus on this type of battery. And also, some other properties such as high energy density, high voltage and high specific power offers a profitable opportunity for the manufacturer. Hence taking all these advantages in consideration manufacturers are increasing the R&D activities to improve the characteristics of battery and bring optimum products in the market.  
Factors such as corrosion between electrolyte and anode of zinc-air battery attributes to restrain the growth of the market. The reaction between the electrolyte and anode produces explosive hydrogen gas which makes battery unsafe. However, many researches of using zinc alloys with cadmium, lead, lead oxides, and mercury reduces the level of hydrogen gas produced. On contrary traces of mercury in zinc-air battery is concern humans’ health as there is fear of mercury poisoning hence traces of mercury becomes threat for growth of market.    
Moreover, factors such as increasing R&D activities in improving application of zinc-air battery in electric vehicle, and increasing acceptance of various renewable sources for power generation creates more opportunities for growth of market in the near future.
The zinc-air battery market growth has declined due to the outburst of the COVID-19 pandemic, this added limitation to the supply of batteries and other components due to fluctuation in the global economy. As the global economy is recovering after the COVID-19 pandemic attributes to growth of zinc-air battery market in the forecast period.
Segmental Overview:
The zinc-air battery market is segmented on the basis of type, application, and region. By type, it is divided into rechargeable and nonrechargeable. By application, small devices, remote signaling and communication, safety lamps, electric cars, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By type: The zinc-air battery market is divided into rechargeable and nonrechargeable. Nonrechargeable batteries are cost-effective, disposable and require low maintenance. Rechargeable batteries are known for its good shelf-life, durability, reliability and output generation and has application in small-scale devices and large vehicles which makes it a great alternative for nonrechargeable batteries and this attributes to drive the growth for rechargeable batteries in global market.  
By application: The zinc-air battery market is segregated into small devices, remote signaling and communication, safety lamps, electric cars, and others. Small devices dominate the market share by application due to rising demand for hearing aid devices. Moreover, the adoption of zinc-air battery in the electric vehicle is expected to rise in forecast period.
By region: The zinc-air battery market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region dominates the market share as China is the largest producer of zinc. According to Natural Resources Canada, China is the globally largest producer of zinc which produced 4.2 million tons in 2021 which is about 35% of global production. China and Japan are globally largest producers and developer of electric vehicle which attributes to driving the growth of zinc-air batteries in this region. Many other factors such as increasing population, cheaper cost of labor, and increasing economy of several Asian countries such as India, Indonesia, Korea, and other attributes boost the growth of zinc-air batteries in this region. 
The North American market is predicted to experience stable growth with the U.S. dominating the regional market. Increasing government attention to greenhouse gas emissions in Europe drives the regional market.  Several European countries, such as France, Argentina, Germany, and others, have established their goal of becoming carbon neutral by 2050, which encourages the testing of zinc-air batteries. In addition, several projects such as NECOBAUT have been launched to develop the next generation of automotive batteries.
Competitive Analysis:
Competitive analysis and profiles of the major players in the zinc-air battery market, such as, Berkshire Hathaway Inc. (Hohmann & Barnard Inc.), Electric Fuel Battery Corp, Energizer Holdings Inc., Panasonic Corporation, Phinergy, Renata SA, Revolt Technology, Spectrum Brands Holdings, Inc., ZAF Energy Systems, ZincNyx Energy Solutions Inc., and Zhuhai Zhi Li Battery Co. Ltd are provided in this report. Major players have adopted technological advancement & product launch, acquisition, business expansion as key developmental strategies to improve the product portfolio of the zinc-air battery market. 
Acquisition and merger:
Acquisition or merger of the trending technologies and the manufacturer helps the company to improve the product offering and adds more R&D facilities to the business. For Instance, In Oct 2019, Phinergy signed a memorandum of understanding with green energy company Doral for energy storage project, which will implement Phinergy’s zinc-air technology. Phinergy, will be responsible for the installation, operation, training, replacement of equipment and maintenance of the innovative storage system and its integration with Doral's energy facility, while Doral will assist in the installation of these systems and will contribute from its technological and industrial experience in the field of renewable energy “. This anticipates the growth of the zinc-air battery market. 
Recent Business expansion in the market:
In July 2022, Zinc8 Energy Solutions, a developer of innovative zinc battery technology, has received support from U.S. Senate Majority Leader Charles Schumer to establish a commercial manufacturing facility in Ulster, New York at the former TechCity site location.

Global Zinc-Air Battery Market Report Highlights

Aspects Details
By Type
  • Rechargeable
  • Non-Rechargeable
By Application
  • Small Devices
  • Remote Signalling and Communication
  • Safety Lamps
  • Electric Cars
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players Panasonic Corporation, Electric Fuel Battery Corp, Renata SA, Revolt Technology, Spectrum Brands Holdings, Inc., Energizer Holdings Inc., Zhuhai Zhi Li Battery Co. Ltd, ZincNyx Energy Solutions Inc., Berkshire Hathaway Inc. (Hohmann & Barnard Inc.), ZAF Energy Systems

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