Press release
Zinc Battery Market: Major Trends Reshaping the Future of the Industry
Zinc Battery
What Will the Zinc Battery Industry Market Size Be by 2025?
In recent years, the zinc battery market has seen significant expansion. The market is forecasted to increase from $1.07 billion in 2024 to $1.24 billion in 2025, with a 15.3% compound annual growth rate (CAGR). The basis for this historical period growth can be attributed to an increased demand for portable electronics where zinc batteries are commonly used. Application in the automotive sector, military, and aerospace industries, as well as government policies promoting the use of non-toxic and recyclable materials, have also played a role. In addition, they provide a cost-effective solution.
What's the Long-Term Growth Forecast for the Zinc Battery Market Size Through 2029?
The market size for zinc batteries is anticipated to experience significant growth in the coming years, expanding to $2.32 billion by 2029 with a compound annual growth rate (CAGR) of 17.0%. This projected growth during the forecasted period is primarily due to market growth and investment, enhanced energy needs from urban territories, the electrification of transport, increased installation of renewable energy, and heightened cognizance about its environmental effects. Key trends for the anticipated period encompass improvements in zinc-air batteries, diminution and assimilation, breakthroughs in safety technologies, fabrication of zinc-ion batteries, and combination of zinc batteries with renewable energy sources.
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What Are the Key Growth Drivers Fueling the Zinc Battery Market Expansion?
The zinc battery market is anticipated to grow due to the surge in demand for consumer electronics. These are electronic devices designed for everyday usage in entertainment, communication, and productivity. The increase in demand for these devices is attributed to ongoing technological advancements, the ubiquitous nature of the internet, expansion of rapid networks, the popularization of smartphones and tablets, and the development of smart home technologies. Zinc batteries are preferred in consumer electronics like remote controls and toys due to their affordability and dependable performance in low-power applications. For instance, the Japan Electronics and Information Technology Industries Association reported that in May 2023, the total production of consumer electronics accounted for $291.81 million (¥32,099 million) compared to May 2022, which was $229.768 million (¥25,268 million). Hence, this escalating demand for consumer electronics is propelling the growth of the zinc battery market.
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Which Emerging Trends Are Transforming the Zinc Battery Market in 2025?
Leading players in the zinc battery market are pivoting towards the evolution of advanced solutions like NiZn technology to augment safety and efficiency in batteries. Utilizing nickel and zinc chemistry in zinc batteries, referred to as NiZn technology, seeks to boost performance and uphold environmental sustainability in comparison to conventional battery models. For example, ABB Inc., an electrical equipment and automation product supplier based out of Switzerland, unveiled nickel-zinc (NiZn) batteries designed specifically for data center UPS solutions in May 2024. This development resulted in significant progress in safety, reliability, as well as sustainability. These batteries present themselves as safer alternatives to lead-acid and lithium-ion batteries given their minimal risk for thermal runaway. Consequently, they lead to a decreased carbon footprint and enhanced environmental compatibility. Furthermore, their efficiency in demanding less cooling can uplift a data center's total power usage effectiveness (PUE), which is a remarkable movement towards more competent and greener energy storage solutions.
How Is the Zinc Battery Market Segmented?
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 Companies Are Leading the Charge in Zinc Battery Market Innovation?
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 Are Leading the Global Zinc Battery Market in Revenue?
Asia-Pacific was the largest region in the zinc battery market in 2024. 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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