According to a recent market study published by Growth Market Reports, titled, "Global Zinc Battery Market by types, applications, and regions: Size, Share, Trends and Opportunity Analysis, 2017-2027", the market was valued at USD 8,926.0 Million in 2019 and is anticipated to grow at a healthy growth rate of 3.2% by the year 2027. The global Zinc Battery market is anticipated to grow significantly during forecast period.

Global Zinc Battery market has been segmented based on by types, applications, and regions. In terms of types, the global Zinc Battery is categorized as Zinc-Air Battery, Nickel-zinc Battery, Zinc-Silver Battery, Carbon-zinc Battery, Zinc-Chloride Battery, and Zinc-Mn Battery. On the basis of application, the market is segmented into Electric Vehicle, Consumer Electronics, Power Tools, and Others. By regions the global zinc battery market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

Zinc-ion batteries are composed of zinc chemical element and other elements such as manganese, carbon, nickel, and silver. The use of zinc-ion batteries (ZIBs) is rising as they are safer, environmental friendlier, and cost lower, than lithium-ion batteries. The zinc ion battery (ZIB) uses zinc ions (Zn2+) as charge carriers. ZIB utilizes Zn as an anode, Zn-intercalating materials as the cathode, and a Zn-containing electrolyte. The zinc-ion batteries are used for various applications such as battery-operated consumer electronics, electric vehicles, and battery-operated power tools.

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The COVID-19 pandemic has had a serious impact on the market. The outbreak has moderately impeded the production and supply of zinc battery. Lockdown instructions implemented by governments, supply chain disruptions causing shortages in raw materials, and temporarily decline in the demand for zinc battery, have hampered the market. Conversely, the market is expected to grow at a significant pace in the future, owing to the growing adoption of EVs and consumer electronics. After COVID the market is expected to grow at significant pace.

As per Growth Market Reports industry analyst Rajat Verma, “The global zinc battery market is anticipated to witness significant growth during forecast period 2020-2027. The zinc-air battery segment is held a significant share of the market in 2019, owing to increasing demand for zinc-air batteries in consumer electronics. The consumer electronics segment accounted for a substantial share of the market in 2019, owing to increase in the demand for consumer electronics. The electric vehicle segment is projected to expand at a rapid pace during the forecast period, owing to increase in adoption of electric vehicles. The market is driven by various factors such as growing adoption of zinc batteries, owing to increase in applications of zinc battery in wide range of products.

Key Takeaways from the Study:

  • The market in North America holds a significant market share, 1,782.5 million in 2019 and is anticipated to reach 2,256.2by the end of 2027, owing to rise in the adoption of technologically advanced products and consumer electronics in the US.
  • China is expected to hold a substantial share of the market, owing to increase in the adoption of consumer electronics products. Thus, in turn, is driving the market in the country.
  • Rising applications of zinc-carbon battery in toys and remote controls, wall-mounted and table clocks, and flashlights is expected to drive the zinc-carbon segment during the forecast period.
  • In terms of value, the Carbon-zinc Battery segment accounted for substantial share of the market in 2019 and is expected to expand at a substantial CAGR during the forecast period.
  • In terms of value, the Consumer Electronics segment held significant share of the market in 2019, and is projected to expand at a considerable CAGR during the forecast period, owing to increasing adoption of consumer electronics products.
  • Energizer Holdings, Inc., Panasonic Corporation, FDK CORPORATION, Zhejiang Mustang Battery Co., Ltd., and Linyi Huatai Battery Co., Ltd. Are major player operating in the market.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 8,926.0 Million

Market Growth Rate (from 2020 to 2027)

3.2%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Market Segments

Types and Applications

Region Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)

Key Companies Profiled

ZincFive, Inc., FDK CORPORATION, Eastman Kodak Company, ZPower, ZeniPower (Zhuhai Zhi Li) Battery Co., Ltd., Primus Power, Shenzhen BetterPower Battery Co., Ltd., Zhejiang Mustang Battery Co., Ltd., Linyi Huatai Battery Co., Ltd., Nippo Batteries, GPB International Limited, Shenzhen Tcbest Battery Industry Co., Ltd, Energizer Holdings, Inc., Panasonic Corporation, Zhejiang Yonggao Battery Co., Ltd

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Demand Side: automotive industry, consumer electronics industry, lighting industry, military and space, medical devices.
  • Regulatory Side: Concerned government authorities, regulatory bodies, battery associations, and other non – profit organizations.
  • Associations and Industry Bodies: International Organization for Standardization, Portable Rechargeable Battery Association (PRBA), Rechargeable Battery Recycling Corporation (RBRC), European Commission, IATA Dangerous Goods Regulations (DGR).