Zinc-air Battery Market Size & Share by Type (Primary Type, Secondary Type); Voltage Type (Up to 12 V, 12 V to 36 V, More than 36 V); Battery Type (Rechargeable, Non-Rechargeable); End-User (Consumer Electronics, Power Tools, Electric Vehicles); Application (Small Devices, Remote Signaling and Communication, Safety Lamps, Electric Cars) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5732
  • Published Date: Feb 26, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Zinc-air Battery Market size is expected to reach USD 3 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the zinc-air battery crossed around USD 1 Billion. The primary reason behind the massive growth of the market is the increasing use of EVs across the world recently. Furthermore, the year 2022 occurred on powerful, smashing records. EV sales surpassed 10 million, with 14% of all new cars sold being electric, pretty much the jump from 9% in 2021 and lower than 5% in 2020. That eventuated in over 26 million electric cars traveling international roads in 2022, showcasing a 60% ingestion from 2021. Traveler electric cars are increasing in popularity – it is calculated that 18% of new cars ended in 2023 will be electric. 

Another reason that will help the zinc-air battery market to grow rapidly by the end of 2036 is the increasing consumption of zinc-air batteries in hearing aids, electrical vehicles, etc. worldwide. For instance, an enabled zinc-air battery that is not under pressure has a voltage of over 1.4V, the functioning voltage is a little bit lower than this. If the voltage decreases below 1.1V in a digital hearing aid, an alarm is straight or the device switches off. Zinc-air hearing aid batteries utilize air as an energy origin, and the tab badges the air holes on the battery. Once the tab is eliminated, it takes roughly two minutes before the hearing aid battery is enabled/charged, however, it was currently detected that 5 Minutes was the perfect time to enable a zinc-air Hearing Aid battery to "breathe". On that occasion, the battery compartment can be shut. Excellent room storage temperature for keeping hearing aid batteries is between 10 and 25°C. Heat may reduce the running time and a humid ecology is not appropriate for storage.


Zinc-air Battery Market overview
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Zinc-air Battery Sector: Growth Factors and Challenges

Growth Factors

  • Rising Requirement for High Energy-Density Storage Options- Researchers from the Illionois Institute of Technology (IIT) and the US Department of Energy’s (DOE) Argonne National Laboratory have created a new battery named zinc-air battery, which has four times the energy abundance of lithium-ion batteries, which could power an EV for over a thousand miles. The new agent utilized in this zinc-air battery is a powerful electrolyte instead of the general liquid variety. Pumped-storage hydropower is the most extensively utilized storage technology and it has substantial extra capacity in multiple regions. Batteries are the most expandable kind of grid-scale storage and the zinc-air battery market has seen powerful expansion in current years. Other storage technologies comprise compact air and gravity storage, but they play a moderately small role in recent power systems. Moreover, hydrogen – which is thorough individually – is an appealing technology that has the capacity for the seasonal storage of sustainable energy.
  • Shortage of Fossil Fuels- The energy crisis has circulated the world, with prices increasing as rapidly as the problems about having sufficient energy to keep homes, businesses, and whole countries running. The connected cost of living crisis has impelled 71 million people in developing countries into poverty, with some 100 million people possibly driven back into counting on firewood for cooking rather than cleaner, healthier energy solutions. Higher energy prices have delivered distressing high inflation, impelled families into poverty, constrained some factories to reduce output or even shut down, and delayed economic expansion to the point that some countries are going toward serious recession.
  • Increasing Demand for Renewable Energy - Notwithstanding, it is said that international electricity requirement expansion will bounce powerfully in 2023. It is said another 2,500 terawatt hours (TWh) of requirement will be added by 2025, principally in Asia. This 9% expansion would take the total requirement to 29,281TWh. It is similar to adding an EU-sized block of demand to the international electricity system – in only three years. The international energy crisis is pushing an astute quickening in installations of sustainable power, with total potential expansion internationally set to almost twofold in the next five years, passing coal as the largest source of electricity production along the way and assisting keep alive the potentiality of restricting global warming to 1.5 °C, the IEA expressed in a new report.

Challenges

  • Health Problems Due to The Presence of Mercury in Zinc-air Batteries- Zinc-air, alkaline, and silver oxide button cell batteries incorporate small amounts of mercury. These batteries do not create health risks when in utilization since the scopes of the mercury that gets leaked are small. The mercury in button cell batteries can get away from society after they have been cast away and are either burned or ended up in landfills. Though there are no national rules restricting dropping button cell batteries in the daily garbage, they should be reprocessed. If they are not reprocessed, all of this mercury in them can finish up in the trash that gets burned or landfilled. If burned, the mercury can end up returned to the air; if landfilled, it could end up in earth-water, and possibly in places of drinking water. Moreover, remember that states or municipalities may prevent throwing button cell batteries into the garbage box.
  • Disruption in The Supply Chain
  • Shortage of Raw Materials

Zinc-air Battery Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

∼7%

Base Year Market Size (2023)

~USD 1 Billion

Forecast Year Market Size (2036)

~USD 3 Billion

Regional Scope

  • Asia Pacific (Japan, China, India, Australia, Others)
  • Europe (Germany, Spain, UK, France, Italy, Russia, Others)
  • North America (North America, Canada, Mexico)
  • Middle East and Africa (South Africa, UAE, Others)
  • Latin America (Brazil, Argentina, Others)
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Zinc-air Battery Segmentation

Battery Type (Rechargeable, Non-Rechargeable)

The rechargeable segment will encounter the highest growth in the zinc-air battery market by the end of 2036 and will notice a hold of around 74% market share. This growth will be wheeled completely by the increasing consumption of rechargeable batteries worldwide for their durability. Automotive lithium-ion (Li-ion) battery requirement increased by about 65% to 550 GWh in 2022, from around 330 GWh in 2021, mainly as an outcome of the expansion in electric passenger car sales, with new registrations rising by 55% in 2022 compared to 2021. The continuing energy problems internationally have led to the constant expansion of the electrochemical energy storage system recently, and the battery is an essential part of it. The battery market, primarily rechargeable batteries, is growing quickly to minister to the requirements of the changing society, as well as the implementation of batteries in electric vehicles, the renewable energy sector, and the industrial sector.

End-User (Consumer Electronics, Power Tools, Electric Vehicles)

The electric vehicles segment in the zinc-air battery market is going to grow massively during the forecast period and will see a hold of around 67% of the revenue share owing to its increasing demand, especially in developing countries. To illustrate, in China, battery requirements for vehicles increased by more than 70%, while electric car sales accelerated by 80% in 2022 compared to 2021, with an expansion in battery requirement quite moderated by a rising share of PHEVs. Battery requirement for vehicles in the United States increased by roughly 80%, although electric car sales only accelerated by almost 55% in 2022. While the normal battery size for battery electric cars in the United States only increased by almost 7% in 2022, the normal battery electric car battery size stays around 40% higher than the international average, due in part to the higher share of SUVs in US electric car sales compared to other major markets, along with manufacturers’ plannings to present longer all-electric driving ranges. International sales of BEV and PHEV cars are surpassing sales of hybrid electric vehicles (HEVs), and as BEV and PHEV battery sizes are bigger, battery requirement further rises as an outcome.

Our in-depth analysis of the global zinc-air battery market includes the following segments:

          Type

  • Primary Type
  • Secondary Type

          Voltage Type

  • Up to 12 V
  • 12 V to 36 V
  • More than 36 V

          Battery Type

  • Rechargeable
  • Non-rechargeable

          Application

  • Consumer Electronics
  • Power Tools
  • Electric Vehicles

          End-User

  • Small Devices
  • Remote Signaling and Communication
  • Safety Lamps
  • Electric Cars

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Zinc-air Battery Industry - Regional Synopsis

APAC Market Forecast

The zinc-air battery market in the APAC region will have the highest growth and will hold almost 48% by the end of 2036 owing to the increasing investment of big electric manufacturers in sustainable batteries in this region. Almost half of the world's low-carbon investment came about in China, in line with a current assessment from market research firm BloombergNEF. The country invested USD 546 billion in 2022 on investments that comprised solar and wind energy, electric vehicles, and batteries. Moreover, an increasing number of Chinese organizations are launching or developing manufacturing projects in Vietnam, an international export hub thanks to its collection of free trade deals and cheap labor.

European Market Statistics

The zinc-air battery market in the European region would grow immensely during the forecast period owing to the European government’s stringent rules for renewable batteries. To be attended by a carbon footprint announcement. This declaration shall be put together for every battery model per manufacturing plant. The technique for the estimation and confirmation of the carbon footprint will be given by authorized acts, but the fundamental components are already outlined in Annex II of the Batteries Regulation. In 2023, the European Parliament approved an update of the EU's battery injunction to make sure that batteries can be recycled, remanufactured, or modified at the end of their life.

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Zinc-air Battery Market size
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Companies Dominating the Zinc-air Battery Landscape

top-features-companies
    • Duracell Inc.
      • Company Overview
      • Business Planning
      • Main Product Offerings
      • Financial Execution
      • Main Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Ravoyac
    • Nantenergy
    • Electric Fuel Battery Corporation
    • ZAF Energy System
    • Varta AG
    • GP Batteries
    • IOC Phinergy
    • Thunderzee Inc.
    • Renata SA

In-the-news

In The News

  • December 18th, 2023: Duracell Inc. has a late competitor for best MagSafe accessory of the year. DURACELL’s latest agenda of portable power stations is lastly shipping, providing what is efficiently just an upscaled battery. They can charge over just a gizmo, with greater than 250W of power and intrinsic MagSafe charging pads.
  • November 2, 2023: Duracell Inc. launched power stations incognito as Duracell batteries. The Duracell M150 Portable Power Station is a compressed, 1.8-pound power solution with a 91Wh battery. It presents numerous charging choices, comprising two USB-C and USB-A ports, and wireless charging, applicable for a range of devices.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 5732
  • Published Date: Feb 26, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing use of zinc-air batteries across the world will majorly drive the market growth of the zinc-air battery market.

The market size of the zinc-air battery market is expected to get a CAGR of approximately 7% over the forecast period, i.e., 2024-2036.

The major players in the market are Duracell Inc., Ravoyac, Nantenergy, Electric Fuel Battery Corporation, ZAF Energy System, Varta AG, GP Batteries, IOC Phinergy, Thunderzee Inc., Renata SA, Panasonic Corporation, LG Energy Solution, GS Yuasa International Ltd., Toshiba Corporation.

The battery type segment is anticipated to reap the largest market size with almost 74% by the end of 2036 and demonstrate substantial growth scopes.

The market in the APAC region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.
Zinc-air Battery Market Report Scope
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