Press release
Rising Demand for Consumer Electronics Spurs Zinc Battery Market Growth: A Significant Driver Propelling The Zinc Battery Market In 2025
Zinc Battery Market
What Is the Zinc Battery Market Size and Projected Growth Rate?
The zinc battery market has grown rapidly in recent years. It will increase from $1.09 billion in 2024 to $1.29 billion in 2025, reflecting a compound annual growth rate (CAGR) of 18.4%. The historic growth is due to the rising demand for portable electronics, the use of zinc batteries in automotive applications, military and aerospace needs, government policies promoting non-toxic and recyclable materials, and the cost-effectiveness of zinc batteries.
The zinc battery market is expected to see rapid growth, reaching $2.51 billion by 2029 at a CAGR of 18.1%. The growth is attributed to market expansion, increased energy demand, electrification of transportation, growth in renewable energy, and environmental awareness. Trends include advancements in zinc-air batteries, miniaturization, safety innovations, zinc-ion batteries, and integration with renewable energy sources.
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What Are the Major Segments in the Zinc Battery Market?
The zinc battery market covered in this report is segmented -
1) By Type: Zinc-Air Battery, Nickel-Zinc Battery, Zinc-Silver Battery, Carbon-Zinc Battery, Zinc-Manganese Battery, Other Types
2) By Rechargeability: Primary, Secondary
3) By Application: Electric Vehicle, Consumer Electronics, Power Tools, Other Applications
Subsegments:
1) By Zinc-Air Battery: Primary Zinc-Air Batteries, Rechargeable Zinc-Air Batteries
2) By Nickel-Zinc Battery: Rechargeable Nickel-Zinc (Ni-Zn) Batteries, High-Energy Density Nickel-Zinc Batteries
3) By Zinc-Silver Battery: Primary Zinc-Silver Batteries, Rechargeable Zinc-Silver Batteries
4) By Carbon-Zinc Battery: Standard Carbon-Zinc Batteries, High-Performance Carbon-Zinc Batteries
5) By Zinc-Manganese Battery: Primary Zinc-Manganese Batteries, Rechargeable Zinc-Manganese Batteries
6) By Other Types: Zinc-Chloride Batteries, Zinc-Bromine Batteries, Zinc-Based Flow Batteries
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What Are The Driving Zinc Battery Market Evolution?
The zinc battery market is expected to grow due to the increasing demand for consumer electronics. With the growing use of smartphones, tablets, and smart home devices, there is greater demand for low-power batteries, such as zinc batteries, in products like remote controls and toys. In May 2023, consumer electronics production reached $291.81 million, up from $229.768 million in May 2022.
Which Firms Dominate The Zinc Battery Market Segments?
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.
What Trends Are Driving Growth in The Zinc Battery Market?
Companies in the zinc battery market are working on advanced solutions like NiZn technology to improve battery safety and efficiency. NiZn technology enhances performance and sustainability compared to traditional batteries. For example, in May 2024, ABB Inc., a Switzerland-based company, launched NiZn batteries for data center UPS solutions, offering safer alternatives to lead-acid and lithium-ion batteries. These batteries are more environmentally friendly, reduce thermal risks, and contribute to better energy efficiency in data centers.
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Which Is The Largest Region In The Zinc Battery Market?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Zinc Battery Market?
2. What is the CAGR expected in the Zinc Battery Market?
3. What Are the Key Innovations Transforming the Zinc Battery Industry?
4. Which Region Is Leading the Zinc Battery Market?
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