Zinc Battery Global Market Report 2024

A zinc battery functions as an electrochemical cell with zinc serving as the anode material. Its appeal lies in its relatively low cost, the ready availability of raw materials, and its environmentally friendly nature, as zinc is less toxic compared to many other metals commonly used in batteries.

The primary types of zinc batteries include zinc-air, nickel-zinc, zinc-silver, carbon-zinc, zinc-manganese, among others. A zinc-air battery, for instance, operates by using zinc as its anode and oxygen from the air as its cathode, making it lightweight and efficient, particularly suitable for applications such as hearing aids and other compact devices. The battery's reusability varies between primary and secondary, catering to diverse applications such as electric vehicles, consumer electronics, power tools, and more.

The zinc battery research report is one of a series of new reports that provides zinc battery market statistics, including the zinc battery industry's global market size, regional shares, competitors with a zinc battery market share, detailed zinc battery market segments, market trends and opportunities, and any further data you may need to thrive in the zinc battery industry. This zinc battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The zinc battery market size has grown rapidly in recent years. It will grow from $0.92 billion in 2023 to $1.09 billion in 2024 at a compound annual growth rate (CAGR) of 17.9%. Historically, growth can be traced back to increased demand for portable electronics, the traditional use of zinc batteries in automotive sectors, military and aerospace applications, government policies favoring non-toxic and recyclable materials, and the pursuit of cost-effective solutions.

The zinc battery market size is expected to see rapid growth in the next few years. It will grow to $2.12 billion in 2028 at a compound annual growth rate (CAGR) of 18.2%. The anticipated growth can be credited to market expansion and increased investment, heightened energy requirements in urban settings, the trend towards electrifying transportation, the surge in installations of renewable energy sources, and a growing awareness of environmental impacts. Key trends expected in this period include advancements in zinc-air batteries, efforts towards miniaturization and integration, innovations in safety technologies, the development of zinc-ion batteries, and the integration of zinc batteries with renewable energy systems.

The zinc battery market is poised for growth due to the increasing demand for consumer electronics. Consumer electronics encompass devices used daily for entertainment, communication, and productivity, driven by ongoing technological advancements, internet proliferation, smartphone and tablet adoption, and smart home technology expansion. Zinc batteries are favored in consumer electronics such as remote controls and toys for their cost-effectiveness and reliable performance in low-power applications. For example, data from the Japan Electronics and Information Technology Industries Association in May 2023 showed a rise in consumer electronics production to $291.81 million (¥32,099 million) compared to $229.768 million (¥25,268 million) in May 2022, indicating the market's growth fueled by consumer electronics demand.

Leading companies in the zinc battery market are prioritizing the development of advanced solutions such as NiZn technology to enhance battery safety and efficiency. NiZn technology in zinc batteries utilizes nickel and zinc chemistry to improve performance and environmental sustainability over traditional battery types. In May 2024, ABB Inc., a Switzerland-based provider of electrical equipment and automation products, introduced nickel-zinc (NiZn) batteries for data center UPS solutions, offering enhanced safety, reliability, and sustainability benefits. These batteries are a safer alternative to lead-acid and lithium-ion types, with reduced thermal runaway risks and lower environmental impact, contributing to a greener energy landscape and improved data center power usage effectiveness (PUE).

In January 2024, Celgard LLC, a US-based high-performance membrane technology provider, partnered with Æsir Technology Inc. to drive innovation in nickel-zinc, zinc-air, and lithium-zinc batteries. This collaboration aims to advance next-generation batteries such as nickel-zinc, zinc-air, and lithium-zinc, targeting applications in aviation, data centers, telecom, energy infrastructure, and electric vehicle (EV) charging. Æsir Technology Inc. specializes in advanced nickel-zinc battery technology development, positioning the partnership to drive industry innovation and meet evolving energy storage needs.

Major companies operating in the zinc battery market are Toshiba Corporation, Energizer Holdings Inc., Duracell Inc., Eastman Kodak Company, GP Industries Limited, FDK Corporation, Nippo Ltd, ZincFive Inc., Primus Power Corp., Zpower LLC, ZAF Energy Systems Inc., Salient Energy Inc., Imprint Energy Inc., Panasonic Energy Co. Ltd., Renata SA, ZeniPower (Zhuhai Zhi Li) Battery Co. Ltd., Zhejiang Mustang Battery Co. Ltd., Multicell International Ltd., ABOUND Ltd, Enerpoly AB, Advanced Battery Concepts LLC, Linyi Huatai Battery Co. Ltd., Shenzhen Tcbest Battery Industry Co. Ltd.

Asia-Pacific was the largest region in the zinc battery market in 2023. The regions covered in the zinc battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the zinc battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The zinc battery market consists of sales of zinc-alkaline batteries, zinc-polymer batteries, and zinc-iron batteries. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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