The Global Zinc-Ion Battery Market Size is valued at 9.10 billion in 2022 and is predicted to reach 12.30 billion by the year 2031 at a 3.55% CAGR during the forecast period for 2023-2031.
Zinc-ion batteries are becoming more and more in demand from the household market. Battery packs in people's homes and workplaces increasingly use zinc-ion batteries. Demand for zinc-ion batteries will increase as research and development efforts to create low-cost batteries increase. Since lithium-ion batteries pose poor safety risks, non-lithium batteries are anticipated to become more prevalent in energy storage for renewable power sources. Due to the tremendous rising demand for consumer electronics, including computers, cameras, gadgets, game players, and others, the global zinc-ion battery market is predicted to expand significantly.
The growing demand for electric vehicles has an impact on future industrial growth as well. Another essential reason driving industry expansion is the low cost of zinc-based batteries compared to other batteries, like lithium-ion and nickel-cadmium batteries.
Furthermore, demand for zinc-air batteries is rising in several different industries. Zinc-air batteries are used in many traffic-signaling systems, such as LED traffic signals, traffic signs, and numerous traffic signals. Short shelf lives may cause traffic signal problems that could lead to accidents, which has increased demand for the zinc-ion battery industry due to their long shelf lives. Additionally, strong government restrictions, evolving energy storage, and a mended supply chain were the causes of the industry's recovery in the preceding couple of quarters. Furthermore, COVID-19's long-term effects will be mitigated by the scientific community's perseverance and emphasis on R&D development.
Competitive Landscape:
Some of the Zinc-ion Battery market players are:
- Salient Energy
- Hindustan Zinc
- Nippo Batteries
- Eos Energy
- Enerpoly
- Panasonic Corporation
- ENZINC, INC
- Shenzhen Tcbest Battery Industry Co. Ltd.
- Eastman Kodak Company
- Shenzhen Better
- Power Battery Co. Ltd.
- ZincFive Inc
- LinyiHuatai Battery Co. Ltd
- Zihejiang Yonggao Battery Co. Ltd
- Primus Power
- Others
Market Segmentation:
The zinc-ion battery market is segmented on the basis of product type and end users. Product type segment includes zinc-mn battery, zinc-chloride battery, zinc-carbon battery, zinc-silver battery, zinc-nickel battery and zinc-air battery. Application segment includes consumer electronics, led lighting, automotive and others.
Based On End Users, The Consumer Electronics Segment Is A Major Contributor To The Zinc-Ion Battery Market
The consumer electronics category will hold a major share of the global Zinc-ion Battery market in 2022. Zinc-ion batteries are perfect for portable electronics and several other consumer electronics goods. Cellular phones, laptops, PCs, tablets, illumination, hearing aids, and other wearable technology frequently use these batteries.
The Zinc-Air Segment Witnessed Growth At A Rapid Rate
The zinc-air segment is projected to grow rapidly in the global Zinc-ion Battery market. Because of the shift in customer demand for renewable sources like wind and solar, zinc-air batteries are expected to be increasingly used across the electrical and automotive industries. Demand for the product in various electronic devices, including hearing aids, is also predicted to expand in the forecast period, as is the demand for better energy-density storage solutions. As the world economy expands, there is a rising demand for zinc-air batteries. It controls the energy flow in renewable generators, including solar panels, wind turbines, electric grids, and portable energy sources for electronic gadgets and automobiles.
The North America Zinc-Ion Battery Market Holds A Significant Revenue Share In The Region
The North America Zinc-ion Battery market is expected to record the highest market share in revenue shortly. The government organizations' increased focus on greenhouse gas emissions will be the main driver of the regional market in Europe. The market is expected to experience a considerable increase due to the Middle East, Africa, and Latin America all having rising building activity. Additionally, the market will be further pushed by the widespread promotion of safety lighting as cities expand. In addition, Asia Pacific is projected to rise in the global Zinc-ion Battery market. Using these batteries in electric vehicles, particularly electric cars, raises the probability of something happening. With a high-volume energy density and high specific energy, these batters are risk-free and reduce hazards. Asia Pacific is a crucial market because it produces a sizable portion of the world's electronics.
Zinc-Ion Battery Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 9.10 Bn |
|
Revenue forecast in 2031 |
USD 12.30 Bn |
|
Growth rate CAGR |
CAGR of 3.55 % from 2023 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Product Type And End Users |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Salient Energy, Hindustan Zinc, Nippo Batteries, Eos Energy, Enerpoly, Panasonic Corporation, ENZINC, INC, Shenzhen Tcbest Battery Industry Co. Ltd., Eastman Kodak Company, Shenzhen BetterPower Battery Co. Ltd., ZincFive Inc., LinyiHuatai Battery Co. Ltd., Zhejiang Yonggao Battery Co. Ltd., Primus Power, and Others |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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