Zinc-air Battery Market Trends

Growth Drivers

• Shortage of fossil fuels - Zinc-air batteries are regarded as a secure, eco-friendly, and perhaps economical means of storing and distributing electrical power for both fixed and mobile electronics as well as electric cars.
  
  They are a viable substitute for conventional fossil fuels because of their high energy densities and low production costs. To attain zero greenhouse gas emissions by 2050, the U.S. and Europe are reducing their investments in the production of oil and gas. This might result in a lack of funding for the exploration and production of fossil fuels, which could lead to a scarcity in supply.
   
• Expansion of IoT and wearable devices - A growing interest in less, lighter, and more durable power sources is driven by the proliferation of Internet of Things devices in various enterprises such as healthcare, smart home robotization, or advanced mechanizing.
  
  Zincair batteries, famous for their high energy density, are an ideal solution to deal with the needs of IoT devices. Forecasts indicate that more than 75 billion Internet of Things-connected devices will be in use by 2025.

Challenges

• Safety concerns associated - Explosive hydrogen gas can be produced by the reaction between electrolyte and anode in zinc-air batteries, which may cause them to become dangerous. The use of technology has been explored in the research. To mitigate the formation of hydrogen gas, zinc alloy with lead, mercury, cadmium, and oxide.

• Storage limitations associated are set to hamper the market expansion during the studied period
• Performance limitations are expected to hinder market growth in the upcoming period