Global Zinc-ion Battery Market Size Study, by Product Type (Zinc-Mn Battery, Zinc-Chloride Battery, Zinc-Carbon Battery, Zinc-Silver Battery, Zinc-Nickel Battery, Zinc-Air Battery), by Application (Consumer Electronics, LED Lighting, Automotive, Others) and Regional Forecasts 2022-2032
Global Zinc-ion Battery Market is valued approximately at USD 8.95 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 3.93% over the forecast period 2024-2032. Zinc-ion batteries are gaining significant traction in the household and commercial sectors due to their increasing adoption in battery packs used in homes and workplaces. As research and development efforts intensify to create low-cost alternatives, the demand for zinc-ion batteries is expected to surge. Unlike lithium-ion batteries, which pose safety risks, zinc-ion batteries offer a safer option for energy storage in renewable power sources. Additionally, the growing demand for consumer electronics, such as computers, cameras, gadgets, and game players, is projected to significantly boost the global zinc-ion battery market.
The burgeoning demand for electric vehicles is another critical driver of industry growth, as zinc-ion batteries provide a cost-effective alternative to lithium-ion and nickel-cadmium batteries. Furthermore, zinc-air batteries are experiencing rising demand across various industries, particularly in traffic-signalling systems, due to their long shelf lives, which help prevent traffic signal problems and potential accidents. The market is further driven by strong government regulations, the evolving energy storage sector and continued scientific perseverance and R&D emphasis are expected to further drive demand for the Global Zinc-ion Battery Market.
The key regions considered for the Global Zinc-ion Battery Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The North America Zinc-ion Battery market is poised to hold a significant revenue share, driven by government initiatives to curb greenhouse gas emissions and promote renewable energy. Europe is expected to witness considerable growth, propelled by robust construction activities and the widespread promotion of safety lighting in expanding cities. The Asia-Pacific region is projected to experience rapid growth due to the rising adoption of zinc-ion batteries in electric vehicles and the region's substantial production of electronics.
Major market player included in this report are:Panasonic Corporation
Salient Energy
ENZINC, INC
Eos Energy
Enerpoly
Shenzhen Tcbest Battery Industry Co. Ltd.
Eastman Kodak Company
Hindustan Zinc
Nippo Batteries
Shenzhen Better Power Battery Co. Ltd.
ZincFive Inc
Linyi Huatai Battery Co. Ltd
Zihejiang Yonggao Battery Co. Ltd
Primus Power
LG Chem
The detailed segments and sub-segment of the market are explained below:By Product Type:
Zinc-Mn Battery
Zinc-Chloride Battery
Zinc-Carbon Battery
Zinc-Silver Battery
Zinc-Nickel Battery
Zinc-Air Battery
By Application:
Consumer Electronics
LED Lighting
Automotive
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Years considered for the study are as follows:Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
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