The global zinc-air battery market crossed USD 1.4 billion in 2017 and is expected to reach USD 2.7 million by 2026. Zinc-air batteries are widely used to power a large number of electronic devices and appliances, and commonly used to power small devices such as watches, pagers and hearing aids. Zinc-air batteries store electrochemical energy and have a high energy density compared to conventional lithium-ion batteries. The battery consists of a zinc anode and a cathode and generates energy by redox reactions between zinc and oxygen. The oxygen from the air reacts with the cathode and produce hydroxyl ions, which then combines with the zinc paste to form zincate. Electricity is the resultant of this process. Zinc-air batteries are significantly much cheaper than lithium-ion ones and do not possess any flame risks as the lithium-ion batteries do. Zinc-air batteries can also match or surpass lithium-ion batteries in terms of energy density. The raw materials required for zinc-air batteries are also inexpensive and widely available.
There has been a growing number of demand for zinc-air batteries in various fields. The use of zinc-air batteries is being implemented in several traffic-signalling systems such as LED traffic lights, traffic signs, and numerous traffic signals. The poor functioning of traffic signals due to low shelf life can cause accidents, which have increased the demand for zinc-air batteries as they have a long shelf life. Zinc-air batteries have high importance in the railway industry as well due to their resistance to strong vibrations. Zinc-air battery is used in the medical industry, especially in hearing aids, because they supply power in various temperatures ensuring the optimal functioning of the hearing aid. The increase in hearing disorders, particularly in the US and Europe, have further boosted the sales.
Top Companies Operating in the Global Zinc-Air Battery Market:
- Duracell International Inc.
- Electric Fuel Battery Corp.
- Energizer Holdings Inc.
- GP Batteries International Limited
- iCellTech Corporation
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Zinc-Air Battery market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Zinc-Air Battery market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Zinc-Air Battery market key players
3.2 Global Zinc-Air Battery size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Zinc-Air Battery market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Zinc-Air Battery Market Segmentation
Type Outlook:
- Rechargeable
- Non-Rechargeable
Application Outlook:
- Small Devices
- Remote Signaling Communication
- Safety Lamps
- Electric Cars
- Others
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