Zinc-Air Batteries market size is estimated to be worth US$ 418.9 million in 2022 and is forecast to a readjusted size of US$ 607.8 million by 2028 with a CAGR of 6.4% - Valuates Reports

The global Zinc-Air Batteries market size is estimated to be worth US$ 418.9 million in 2022 and is forecast to a readjusted size of US$ 607.8 million by 2028 with a CAGR of 6.4% during the review period. Key drivers of the zinc-air batteries market include the growing application of zinc-air batteries in various end-user industries. Further, the energy storage revolution and rising production of electric vehicles are necessitating the need for zinc-air batteries ultimately propelling the growth of the zinc-air battery market during the forecast period. Moreover, favorable government initiatives and legislation for replacing mercury button cells with zinc-air batteries will expand market growth in the coming years.

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Trends Influencing the Growth of the Zinc Air Batteries Market
Growing application of zinc air batteries in various end user industries
Zinc-air batteries are used as power sources in remote railway signaling and navigation aid systems. They are also used in the telecommunication sector as communication receivers in the form of email devices, pagers, and other message tools. Further, these batteries are deployed in the medical sector for making hearing aids to cardiac telemetry monitors for continuous monitoring, preventing leaks, and providing power in a variety of temperatures to ensure smooth functioning. Traffic lights especially small LED lights use zinc-air batteries due to their long shelf life. Thus the widespread application of zinc-air batteries in a variety of end-user industries will accelerate the growth of the zinc-air batteries market during the forecast period.

Energy Storage revolution and rising production of electric vehicles
The rapid advancements in zinc-air batteries provide huge potential for the energy storage market in the coming years. Massive storage systems are required for the deployment of renewable wind and solar energy. Lithium, cobalt in storage batteries are an expensive solution while zinc-air batteries are cheaper and have a longer shelf life. Moreover, they are safer and can be recycled. These batteries also have high power densities and show great promise in the usage of electric vehicles. Thus extensive usage in energy storage systems and rising production of electric vehicles will boost the growth of the zinc-air batteries market during the forecast period.

Favorable government policies and legislation for replacement of mercury buttons cells
The favorable regulatory environment for energy storage and the emergence of newer business models bringing more capital will create ample opportunities for the growth of the market in the coming years. Legislations are being passed to replace mercury button cells with zinc-air batteries due to mercuries being environmentally harmful. Thus favorable regulatory policies and legislation aimed at the replacement of mercury button cells will propel the growth of the zinc-air batteries market during the forecast period.

Zinc Air Batteries Market Share Analysis
Based on type, the secondary(rechargeable) segment is expected to provide lucrative opportunities for growth in the zinc-air batteries market share as they have a long shelf life, are cost-effective, and have widespread application along with being durable, reliable.

Based on application, the hearing aid segment is expected to provide lucrative opportunities for growth in the zinc-air batteries market share during the forecast period as zinc-air batteries are extensively used to make hearing aids that prevent leaks and can function in a variety of temperatures.

Based on region, North America is expected to provide lucrative opportunities for growth in the zinc-air batteries market share with the US leading the market with 50%. Europe comes in second with a 15% market share.

Zinc Air Batterise Market By Type
Primary (Non-rechargeable)
Secondary (Rechargeable)
Mechanical Recharge

Zinc Air Batteries Market By Application
Hearing Aid
Medical
Other

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