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Global Zinc-Air Battery Market Share, Size, Report, Analysis, Forecast: By Type: Non-Rechargeable, Rechargeable; By Application: Hearing Aids, Military Devices, Safety Lamps, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Zinc-Air battery Market Outlook
The global zinc-air battery market size reached a value of around USD 124.3 million in 2022. The market is further expected to grow at a CAGR of 7.80% between 2023 and 2028, reaching a value of around USD 195.07 million by 2028.
Key Trends in the Market
Zinc-air batteries or zinc-air fuel cells are metal-air batteries filled with oxygen that are powered by the oxidation process of zinc with air. Airflow may be changed to regulate the reaction rate of zinc-air batteries, and old zinc/electrolyte paste can be replaced with new paste. They offer a high energy density and storage of electrochemical energy when compared to standard batteries.
- One of the key zinc-air battery market trends includes the use of zinc-air batteries in the medical sector, particularly in hearing aids. Zinc-air batteries provide power across a range of temperatures, ensuring the best performance of the device. The prevalence of hearing problems has increased, which has benefited the market for zinc-air batteries.
- A number of traffic-signalling systems, including LED traffic lights, traffic signs, and countless traffic signals, use zinc-air batteries. Since zinc-air batteries have a long shelf life, they can prevent accidents caused by traffic light malfunctions, due to which demand for these batteries has surged.
- Materials used to make zinc-air batteries are safe to use and have tremendous potential for recycling. Water serves as the electrolyte in zinc batteries, making them non-combustible and safer for end-use industries which is increasing the zinc-air battery market demand.
Global Zinc-Air battery Market Analysis
Based on type, the market is bifurcated into non-rechargeable and rechargeable. The zinc-air battery market segmentation, on the basis of application, is hearing aids, military devices, and safety lamps, among others. The regional markets for zinc-air batteries are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global zinc-air battery market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Ravoyac
- Duracell Inc.
- Electric Fuel Battery Corp.
- AZA Battery
- NantWorks, LLC
- VARTA AG
- Phinergy
- GP Batteries International Limited
- Thunderzee Inc.
- Swatch Group
- Others
Global Zinc-Air battery Market Share by Application
Hearing aids applications is expected to witness substantial growth in the market for zinc-air batteries. Due to their improved longevity and battery efficiency, zinc-air batteries are often utilised in hearing aids. Zinc-air batteries are employed in the medical sector, particularly in hearing aids, as they provide power at a range of temperatures, supporting ideal performance of hearing aids. The zinc-air battery market growth has also been aided by the increasing number of people suffering from hearing loss and the robust growth in the production rate of hearing aid devices.
Global Zinc-Air battery Market Share by Region
Asia Pacific is one of the key markets for zinc-air batteries and is anticipated to experience fast growth during the forecast period due to rising spending on electronic devices and the modernisation of military devices. In addition, the growing use of electric vehicles in countries like China, Japan, India, and South Korea will accelerate market expansion. Meanwhile, the zinc-air battery global market is projected to grow favourably in North America and Europe throughout the forecast period. This is fuelled by strict norms and regulations of governments in the region as well as increasing support for the usage of sustainable energy.
Competitive Landscape
Electric Fuel Battery Corp., established in 1990, is a pioneer in the design and manufacture of specialised portable power systems for use in industrial, medical, aerospace, and military settings. Headquartered in South Carolina in the United States, EFB specialises in battery charging systems, primary and rechargeable battery pack design, and smart charging electronics.
NantWorks, LLC, founded in 2007, focuses on biotech, healthcare AI, and mobility. With its headquarters in California in the United States, the company uses semiconductor technology, supercomputing, and cutting-edge networks to revolutionise digital entertainment, commerce, and healthcare.
VARTA AG, a manufacturer and supplier of micro batteries and intelligent battery solutions, was established in 1887 and has its headquarters in Ellwangen, Germany. The company provides a variety of primary and rechargeable batteries for use in products such as hearing aids, wireless technologies, personal computers, and electronic consumer goods.
Other market players include Ravoyac, Duracell Inc., AZA Battery, Phinergy, GP Batteries International Limited, Thunderzee Inc., and Swatch Group, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Zinc-Air Battery Market Analysis
8.1 Key Industry Highlights
8.2 Global Zinc-Air Battery Historical Market (2018-2022)
8.3 Global Zinc-Air Battery Market Forecast (2023-2028)
8.4 Global Zinc-Air Battery Market by Type
8.4.1 Non-Rechargeable
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Rechargeable
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Zinc-Air Battery Market by Application
8.5.1 Hearing Aids
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Military Devices
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Safety Lamps
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Zinc-Air Battery Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Zinc-Air Battery Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Zinc-Air Battery Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Zinc-Air Battery Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Zinc-Air Battery Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Zinc-Air Battery Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Ravoyac
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Duracell Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Electric Fuel Battery Corp.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 AZA Battery
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 NantWorks, LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 VARTA AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Phinergy
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 GP Batteries International Limited
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Thunderzee Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Swatch Group
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Zinc-Air Battery Market: Key Industry Highlights, 2018 and 2028
2. Global Zinc-Air Battery Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Zinc-Air Battery Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Zinc-Air Battery Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Zinc-Air Battery Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Zinc-Air Battery Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Zinc-Air Battery Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Zinc-Air Battery Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Zinc-Air Battery Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Zinc-Air Battery Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Zinc-Air Battery Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Zinc-Air Battery Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Zinc-Air Battery Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Zinc-Air Battery Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Zinc-Air Battery Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Zinc-Air Battery Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Zinc-Air Battery Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Zinc-Air Battery Market Structure
Key Questions Answered in the Report
In 2022, the global market for zinc-air battery attained a value of USD 124.3 million.
The market is projected to grow at a CAGR of 7.80% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 195.07 million by 2028.
The major drivers of the market include the growing use of zinc-air batteries in medical sector, modernisation of military devices, and increasing use of electric vehicles.
The rising spending on electronic devices, advancements in technology, and support of various governments for the generation of sustainable renewable energy are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The primary types of zinc-air batteries in the market are non-rechargeable and rechargeable.
The major players in the zinc-air battery market, according to the report, are Ravoyac, Duracell Inc., Electric Fuel Battery Corp., AZA Battery, NantWorks, LLC, VARTA AG, Phinergy, GP Batteries International Limited, Thunderzee Inc., and Swatch Group, among others.
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