Over the years, zinc-air batteries have gained popularity as a promising energy storage systems for small devices to renewable resources projects. The rising acceptance for such batteries are driven by increased demand of efficient, safe and environment friendly, and cost effective energy storage solutions. Owing to the fact that the demand for zinc-air batteries is evolving from automotive to telecom industry, the global zinc-air batteries market value is $1312 million in 2018, and it will improve with prominent compound annual growth rate of 7.86% during the forecast period of 2019-2025.
Europe is the leading region in the zinc-air batteries market. This attributes with the flourishing electronics and automotive industries in the region. Moreover, growing of older population along region population inclination towards appealing technologies and gadgets are anticipated to contribute in the demand growth for zinc-air batteries. The region accounted for a major share of 36% in 2018.
Zinc-Air Batteries Market: Outlook
Zinc air batteries, also known as zinc-air fuel cells, are metal-air batteries driven by the oxidizing zinc with oxygen from the air. The batteries consists if high energy densities and its production value is inexpensive than other batteries. Energizer zinc air batteries provides broad range of applications due to which demand for such batteries are gaining traction from industries worldwide.
Light weight is the major factor that drives the zinc-air batteries market. Among application segment, small devices dominates the market. 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.
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Zinc-Air Batteries Market: Growth Drivers
· The growing use of zinc air batteries as power sources such as 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 for continuous monitoring will stimulate the market value.
· In telecommunication sector, zinc air batteries are used for communication receivers such as e-mail devices, pagers, and other messaging tools are leveraging profits in the zinc-air batteries market.
· The global shift towards clean energy has instigated the demand for zinc and zinc air battery systems. The high demand for zinc from industries creates optimum opportunities for the key players in the zinc-air battery market.
Zinc-Air Batteries Market Trends
· The recent research project known as ZnMobil is funded by German Federal ministry for Economic Affairs and Energy. The main objective behind the project is to develop a scalable zinc-air battery for mobile applications. The zinc batteries can be recharged mechanically and electrically (replacing electrolyte). The growth of mechanical recharging batteries will provide several advantages such as short charging time therefore provide great customer benefit.
· The current technologies used in large scale storage systems are pumped system or compressed air energy storage (CAES) requires large water reservoirs .The project named as Powair initiated and funded under the EU’s Seventh Framework Programme (FP7), aimed to develop a technology that permits large capacities of electrical energy to be transmitted, distributes, stored whenever required.
· The adoption of renewable solar and wind energy requires massive energy storage systems. The use of energy related metals such as vanadium, cobalt, and lithium market are a high cost solution to produce the storage batteries. Hence, the zinc-air batteries are gaining traction from solar and wind industry.
· The growing rural projects to provide access to electricity in the communities and rural areas are creating demand for zinc-air rechargeable battery. While other batteries cost $300 to $500 per kilowatt hour, zinc-air batteries cost not more than $100 per kilowatt hour. The current use of zinc and air battery growth is also associated with several government projects.
· Earlier, due to use of lithium-ion batteries the electric vehicles manufactures faced many technological barriers such as long recharging times, limited driving range and others. The increasing focus of manufactures into metal-air batteries give rise to use of zinc-air batteries in the electric vehicles. The growing demand for zinc-air batteries will fuel the growth prospects in the market.
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Global Zinc-Air Batteries Market: Challenges
Presence of mercury traces in the zinc-air batteries can be hazardous for human. Mercury can leak outside the zinc-batteries that increases the risk of mercury poisoning. Furthermore, the oxygen-reducing reaction used for catalyzing electrodes to gain high performance is very sluggish due to which the zinc air batteries market players face challenges. To overcome these challenges, the countries mandate to manufacture mercury free batteries. Also, performance of the anode can be improved using zinc nanoparticles that will enhance the overall performance.
Global Zinc-Air Batteries Market Companies
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.
Global Zinc-Air batteries Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the zinc-air batteries market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of zinc-air batteries market, and its segmentation on the basis of type that includes rechargeable and non-rechargeable.
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Global Zinc-Air batteries Market Report: Industry Coverage
The report analyses the product demands by the zinc-air batteries market on the basis of applications that includes electric cars, safety lamps, remote signaling communication, and small devices. The zinc-air batteries market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
- Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
- APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
- Middle East and Africa: Israel, South Africa, Saudi Arabia
