"Zinc–air Battery Industry Projected to Reach $223.7 Million by 2030"


Posted August 28, 2024 by Deeya5220

According to this latest publication from Meticulous Research®, the Zinc–air battery market is projected to reach $ 223.7 million by 2030, at a CAGR of 7.8% from 2023 to 2030.
 
Meticulous Research®, a globally recognized market research firm, has released a new report titled “Zinc–air Battery Market Analysis by Type (Primary, Secondary), Voltage (Up to 12 V, 12 V to 36 V, Above 36 V), Application, and Region - Global Forecast to 2030.”

According to the report, the Zinc–air battery market is expected to reach $223.7 million by 2030, with a CAGR of 7.8% from 2024 to 2030.

This growth is fueled by increased research and development in Zinc–air battery technology and substantial investments from major manufacturers, who are attracted by the economic advantages of Zinc–air batteries. Additionally, the rising demand for these batteries in hearing aids and electronic devices, combined with the growing need for energy-dense storage solutions, is set to create numerous opportunities for companies in this market.

However, the market faces hurdles such as anode corrosion, a common issue that impacts battery efficiency, and health concerns related to the mercury content in these batteries, which could restrain market growth.
The report segments the global Zinc–air battery market by type, voltage, application, and geography, offering insights into the competitive landscape and regional market dynamics.

By type, the market is split into primary and secondary segments. The primary type is projected to dominate the market in 2024, thanks to its low maintenance, eco-friendly design, leak-proof nature, and cost-effectiveness. These attributes make primary Zinc–air batteries popular in consumer electronics like wearable devices and remote controls.

By voltage, the market is categorized into segments up to 12 V, 12 V to 36 V, and above 36 V. The up to 12 V segment is expected to lead the market in 2024, driven by the demand for low-voltage Zinc–air batteries in applications such as hearing aids and LED lamps.

The application segment includes various uses such as hearing aids, alarm systems, electric fencing, energy storage, IoT wearables, LED lamps, military applications, and railway & road traffic signaling. The hearing aids segment is forecasted to capture the largest share of the market by 2024, primarily due to the increasing prevalence of hearing loss in emerging economies.

Regionally, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to hold the largest share of the Zinc–air battery market by 2024, largely due to the region's growing adoption of these batteries in electric vehicles, especially cars. The high energy density, safety, and reduced hazard potential of Zinc–air batteries make them particularly appealing in Asia-Pacific, a key electronics manufacturing hub.

Key Players :

The key players profiled in the global Zinc–air battery market study include Energizer Holdings, Inc. (U.S.), ENZINC, INC. (U.S.), The Duracell Company (U.S.), ZAF Energy Systems, INC (U.S.), Electric Fuel Battery Corporation (U.S.), Iskra (Solvenia), VARTA AG (Germany), Renata AG SA (Switzerland), AZA Battery (Belgium), Phinergy Ltd. (Israel), ZeniPower (Zhuhai Zhi Li) Battery Co., Ltd. (China), Zinc8 Energy Solutions Inc. (Canada), and GPB International Limited (China).

Download Free Sample Report Here : https://www.meticulousresearch.com/download-sample-report/cp_id=5420

Key Questions Answered in the Report:
• Which are the high-growth market segments in type, voltage type, application, and geography?
• What is the historical market size for Zinc–air battery across the globe?
• What are the market forecasts and estimates for the period 2024–2030?
• What are the major drivers, restraints, opportunities, and challenges in the global Zinc–air battery market?
• Who are the major players in the market, and what are their market shares?
• How is the competitive landscape for the global Zinc–air battery market?
• What are the recent developments in the global Zinc–air battery market?
• What are the different strategies adopted by the major players in the market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the global Zinc–air battery market, and how do they compete with other players?

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Issued By Meticulous research
Country United States
Categories Automotive
Tags zincair battery rechargeable zinc air battery zinc air hearing aid batteries zincair battery market
Last Updated August 28, 2024