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Zinc-Air Battery Market

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; 2024-2032

Global Zinc-Air battery Market Outlook

The global zinc-air battery market size reached a value of around USD 134 million in 2023. The market is further expected to grow at a CAGR of 7.8% between 2024 and 2032, reaching a value of around USD 263.43 million by 2032.

 

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.

 

Global Zinc-Air Battery Market

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  • 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.

 

Global Zinc-Air Battery Market

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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

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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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Non-Rechargeable
  • Rechargeable
Breakup by Application
  • Hearing Aids
  • Military Devices
  • Safety Lamps
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Ravoyac
  • Duracell Inc.
  • Electric Fuel Battery Corp.
  • AZA Battery
  • NantWorks, LLC
  • VARTA AG
  • Phinergy
  • GP Batteries International Limited
  • Thunderzee Inc.
  • Swatch Group
  • Others

 

*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 (2018-2023)
    8.3    Global Zinc-Air Battery Market Forecast (2024-2032)
    8.4    Global Zinc-Air Battery Market by Type
        8.4.1    Non-Rechargeable
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Rechargeable
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Zinc-Air Battery Market by Application
        8.5.1    Hearing Aids
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Military Devices
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Safety Lamps
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Zinc-Air Battery Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Zinc-Air Battery Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Zinc-Air Battery Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Zinc-Air Battery Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Zinc-Air Battery Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Zinc-Air Battery Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    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 2032 
2.    Global Zinc-Air Battery Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Zinc-Air Battery Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Zinc-Air Battery Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Zinc-Air Battery Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Zinc-Air Battery Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Zinc-Air Battery Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Zinc-Air Battery Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Zinc-Air Battery Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Zinc-Air Battery Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Zinc-Air Battery Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Zinc-Air Battery Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Zinc-Air Battery Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Zinc-Air Battery Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Zinc-Air Battery Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Zinc-Air Battery Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Zinc-Air Battery Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Global Zinc-Air Battery Market Structure

Key Questions Answered in the Report

In 2023, the global market for zinc-air battery attained a value of USD 134 million.

The market is projected to grow at a CAGR of 7.8% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 263.43 million by 2032.

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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