Press release
Zinc Battery Market Landscape 2025: Forecast Data and Growth Strategy Insights
Zinc Battery
What Is the Expected CAGR for the Zinc Battery Market Through 2025?
The market for zinc batteries has experienced swift growth in the past few years. The market, which was valued at $1.09 billion in 2024, is projected to climb to $1.29 billion in 2025, boasting a compound annual growth rate (CAGR) of 18.4%. The impressive growth during the historical period can be tied to a few key factors. The surging demand for portable electronics, the historical use of zinc batteries in the automotive sector, military and aerospace requirements, government policies encouraging the use of eco-friendly and recyclable materials, and the cost-effectiveness of zinc batteries have all contributed to this growth.
What's the Projected Size of the Global Zinc Battery Market by 2029?
In the coming years, the zinc battery market size is poised for significant expansion. By 2029, it is predicted to enlarge to $2.51 billion, experiencing a compound annual growth rate (CAGR) of 18.1%. The forecasted growth can be attributed to factors such as market expansion and investment, an escalating demand for energy in urban localities, transportation electrification, an increase in renewable energy installations, and heightened awareness about environmental impact. Key trends projected for this period encompass progress in zinc-air batteries, miniaturization and incorporation, safety technology innovations, creation of zinc-ion batteries, and the union of zinc batteries with renewable energy sources.
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Top Growth Drivers in the Zinc Battery Industry: What's Accelerating the Market?
The zinc battery market looks set to prosper in the future, thanks to the escalating demand for consumer electronics. Everyday electronics, such as those used for communication, entertainment, and productivity, are becoming more and more sought after. This surge is driven by consistent advancements in tech, the widespread use of the internet, the development of rapid network systems, the popular usage of smartphones and tablets, and smart home technology proliferation. Cost-effective and reliable for low-powered applications, zinc batteries are commonly found in consumer electronic products like remote controls and toys. To illustrate, the Japan Electronics and Information Technology Industries Association reported in May 2023 that the total consumer electronics production had spiked to $291.81 million (¥32,099 million), a significant increase from $229.768 million (¥25,268 million) in May 2022. This rising demand for consumer electronics paves the way for the growth of the zinc battery market.
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What Trends Will Shape the Zinc Battery Market Through 2029 and Beyond?
Leading businesses in the zinc battery market are striving to innovate advanced solutions such as NiZn technology to ensure improved battery safety and efficiency. By adopting NiZn technology in zinc batteries, these companies are utilizing nickel and zinc chemistry to boost performance and environmental sustainability, presenting a stark contrast to conventional battery types. For example, in May 2024, ABB Inc., an electrical equipment and automation products corporation based in Switzerland launched NiZn batteries aimed at revolutionizing data center UPS solutions by significantly increasing safety, dependability and sustainability. These batteries are a safer alternative to lead-acid and lithium-ion batteries and lower the risk of thermal runaway. They not only significantly reduce carbon emissions but also promote environmental sustainability. Furthermore, their high efficiency in demanding lesser cooling enhances the overall power usage effectiveness (PUE) of data centers. This stands as a significant stride towards developing energy storage solutions that are both efficient and eco-friendly.
What Are the Main 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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Which Top Companies are Driving Growth in the Zinc Battery Market?
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.
Which Regions Will Dominate the Zinc Battery Market Through 2029?
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.
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