Zinc-Ion Battery Market Size is valued at 964.4 million in 2024 and is predicted to reach 3935.3 million by 2034 at a 15.2% CAGR during the forecast period for 2025-2034.
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.
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.
The consumer electronics category will hold a major share of the global Zinc-ion Battery market in 2024. 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 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 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.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 964.4 Mn |
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Revenue forecast in 2034 |
USD 3935.3 Mn |
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Growth rate CAGR |
CAGR of 15.2% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Billion and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Product Type And End Users |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; South Korea; Southeast Asia |
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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 |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Zinc-ion Battery Market Snapshot
Chapter 4. Global Zinc-ion Battery Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Product Type:
5.2.1. Zinc-Mn Battery
5.2.2. Zinc-chloride Battery
5.2.3. Zinc-Carbon Battery
5.2.4. Zinc-Silver Battery
5.2.5. Zinc-Nickel Battery
5.2.6. Zinc-Air Battery
5.2.7. By End-Use Sector
Chapter 6. Market Segmentation 2: by End-users Estimates & Trend Analysis
6.1. by End-users & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-users:
6.2.1. Consumer Electronics
6.2.2. LED Lighting
6.2.3. Automotive
6.2.4. Others
Chapter 7. Zinc-ion Battery Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.1.2. North America Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2021-2034
7.1.3. North America Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.2. Europe
7.2.1. Europe Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.2.2. Europe Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2021-2034
7.2.3. Europe Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.3. Asia Pacific
7.3.1. Asia Pacific Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.3.2. Asia Pacific Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2021-2034
7.3.3. Asia Pacific Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.4. Latin America
7.4.1. Latin America Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.4.2. Latin America Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2021-2034
7.4.3. Latin America Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.5. Middle East & Africa
7.5.1. Middle East & Africa Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.5.2. Middle East & Africa Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2021-2034
7.5.3. Middle East & Africa Zinc-ion Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Salient Energy
8.2.2. Hindustan Zinc
8.2.3. Nippo Batteries
8.2.4. Eos Energy
8.2.5. Enerpoly
8.2.6. Panasonic Corporation
8.2.7. ENZINC, INC
8.2.8. Shenzhen Tcbest Battery Industry Co. Ltd.
8.2.9. Eastman Kodak Company
8.2.10. Shenzhen Better
8.2.11. Power Battery Co. Ltd.
8.2.12. ZincFive Inc
8.2.13. LinyiHuatai Battery Co. Ltd
8.2.14. Zihejiang Yonggao Battery Co. Ltd
8.2.15. Primus Power
8.2.16. Other Prominent Players
Zinc-ion Battery Market By Product Type
Zinc-ion Battery Market By End-Use Sector
Zinc-ion Battery Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
