The global zinc–airbatteries market was valued at US$ 1,414.45 Mn in 2017 andis anticipated to expand at a CAGR of 8.2% from 2018 to 2026, according to anew report titled ‘Zinc–Air Batteries Market: GlobalIndustry Analysis, Size, Share, Growth Trends, and Forecast, 2018–2026,’ published byTransparency Market Research (TMR). The global zinc–air batteries market isdriven by rise in the demand for use of these batteries in hearing aids in themedical industry. Europe accounts for a major share of the global zinc–airbatteries market.
Risein demand for hearing aids among geriatric population to drive the global zinc–air batteries market
Increase inthe rate of incidence of hearing disorders among geriatric population,typically in the U.S. and Europe, has boosted sales of hearing devices. Rise inthe rate of incidence of hearing disabilities among newborns is a major concernin the global health care sector. The need for improved hearing aids is gainingmomentum, which is driving the demand for zinc–air batteries. Ability ofzinc–air batteries of providing a steady supply of power, by ensuring properfunctioning of hearing aids, is likely to augment the demand for zinc–airbatteries for use in hearing aids in the next few years. Hearing aids withzinc–air batteries can function under various temperature conditions. All thesefactors along with cost effectiveness are likely to propel the demand forzinc–air batteries for use in hearing aids in the near future.
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Growing number of applications of zinc–air batteries such as trafficsignaling and communication to augment the market
Demand forbattery systems for use in traffic signaling systems has increasedexponentially in the last few years. Zinc–air batteries are used in LED trafficlights, traffic signs, temporary traffic signs, and various warning signals.Features of zinc–air batteries such as quick startup, stable voltage, lightweight, and low self-discharge are anticipated to offer lucrative growthopportunities to the global zinc–air batteries market during the forecastperiod. Demand for zinc–air batteries is high in the railways industry, owingto extreme resistance to vibrations that these batteries provide. Improperfunctioning of traffic signals led by reduced shelf life of battery backup canlead to accidents. Zinc–air batteries can function well in such conditionsowing to their long shelf life. Zinc–air batteries are safe to handle, withoutany risk of leakage on fixed or moving installations.
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Surge in demand for rechargeable zinc–air batteries to act as agrowth opportunity for the market
Rechargeablezinc–air batteries are anticipated to be significantly applied in consumerdevices, automobile starters, light vehicles (motorized wheel chairs, electricforklifts, electric vehicles, etc.), portable consumer devices, tools, anduninterruptible power supplies. Rechargeable batteries offer a more reliable,ecological, and sustainable replacement for non-rechargeable batteries.Increase in the demand for consumer devices, portable devices (such as musicplayers, digital cameras, camera phones, and portable computing devices),automobiles, and bio-based vehicles is likely to drive the zinc–air batteriesmarket from 2018 to 2026.
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Presence of traces of mercury andunstable redox reactions to hinder the zinc–air batteries market
Presence oftraces of mercury in zinc–air batteries can cause health hazards. Mercury canleak as the zinc–air battery casing disintegrates. A large number of countrieshave mandated that zinc–air batteries be mercury-free. This is attributable torisk of mercury poisoning from accidentally ingested batteries.High-performance electrodes are necessary to catalyze the oxygen-reducingreaction during discharge and oxygen production during recharge. In zinc–airbatteries, these two reactions are sluggish. However, performance of the anodecan be enhanced by using zinc nanoparticles.
Small devices segment dominates theglobal zinc–airbatteries market
Amongapplications, the small devices segment (including watches, hearing aids,pagers, etc.) dominates the global zinc–air batteries market. Light weight is amajor factor that drives the demand for zinc–air batteries in the small devicessector. Other advantages offered by zinc–air batteries used in small devicesinclude high energy density, cost-effectiveness, constant voltage rate over arelatively long time, and proven technology.
Europe leads the global zinc–air batteries market
Amongregions, Europe accounted for a major share of the global zinc–air batteriesmarket in 2017. According to a report by the European Association of HearingAid Professionals, more than 80 million adults in Europe were suffering fromhearing impairment in 2015. Growth of elderly population and introduction ofappealing technologies in Europe are boosting the demand for zinc–air batteriesin the region. Government initiatives to replace the existing railway signalingsystems, typically in Denmark and Switzerland, are boosting the market inEurope.
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High degree of competition amongestablished players
Key playersprofiled in the report include Berkshire Hathaway Inc., Spectrum BrandsHoldings, Inc., Energizer Holdings, and Panasonic Corporation. These playersare forward integrated and they account for a major share of the globalzinc–air batteries market, in terms of production capacity. Brand promotionsand launch of new products are likely to increase sales of zinc–air batteriesin the near future. Market leaders are striving to adopt measures such asstrategic pricing and product improvement to gain market share.
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