Zinc Battery Market

Global Zinc Battery Market by Types (Zinc-Air Battery, Nickel-zinc Battery, Zinc-Silver Battery, Carbon-zinc Battery, Zinc-Mn Battery), Applications (Electric Vehicle, Consumer Electronics, Power Tools, and Others), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA))

  • Report ID: EP-1259
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 174
  • Format:
  • Pub. Date: 06-06-2021
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Market Outlook:

The global Zinc Battery market was valued at USD 8,926.0 Million in 2019 and is projected to reach USD 11,439.5 Million by 2027, expanding at a CAGR of 3.2% during the forecast period. A battery is a power source, which consists of one or more electrochemical cells that directly converts chemical energy into electrical energy. Batteries are made up of three basic components namely, an anode (the '-' side), a cathode (the '+' side), and an electrolyte (a substance that chemically reacts with the cathode and the anode). Non-rechargeable batteries (also known as primary batteries) and rechargeable batteries (also known as secondary batteries) are the two main types of batteries. Various types of chemical elements are used as ions in batteries such as lithium, zinc, sodium, and aluminum. 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. Various types of zinc ion batteries available in the market include Zinc-Carbon battery, Silver/Zinc (Zn/Ag2O) battery, Nickel-zinc Battery, Zinc-Mn battery, and Zinc-Chloride battery. These batteries have varying characteristics that cater to specific applications.

Global Zinc Battery Market Summary

Market Dynamics
Major factor enabling the global Zinc Battery market increasing demand for consumer electronics such as cameras, watches, game players, and toys, growing demand for electric vehicle, and rising applications of zinc batteries, and increasing prevalence of age-related hearing loss. Conversely, availability of several alternative and substitutes for zinc battery, and limitations of zinc battery is expected to hinder the market. Moreover, government initiatives and policies to replace mercury-based cells with zinc-air batteries is expected to create opportunities in the market.

Drivers
Rising adoption of Zinc Batteries
Advantages, features, and benefits of different types of zinc batteries such as high discharge voltage, high energy density, safety, environmental benefits, good shelf life, light weight, high performance at low temperature, and low cost make zinc batteries suitable for numerous applications in consumer goods, electric vehicle, battery-powered tools, medical aids, and military & aerospace. This boosts the adoption of zinc batteries over lithium and nickel-cadmium batteries, propelling the market.

Restraints
Presence of Various Alternatives
Various types of batteries (with different chemical elements) in the market are used as substitutes and alternatives to each other. These batteries are used in a wide range of products used for different applications. Nowadays, the usage of zinc batteries in various applications has increased due to its advantages and benefits, but several alternatives are available for zinc batteries such as lithium-ion batteries, sodium ion batteries, and other alkaline batteries. These batteries are easily available in the market as well as used in numerous applications. Thus, easy availability of alternative and substitute products in the market is expected to hamper the growth of the market.

Segmental Outlook

By Types Segment
Based on types, the global zinc battery market is divided into zinc-air battery, nickel-zinc battery, zinc-silver battery, carbon-zinc battery, zinc-chloride battery, and zinc-Mn battery. The zinc-air battery segment accounts for a key share of the market and is anticipated to expand at a considerable CAGR during the forecast period, owing to increase in usage of zinc-air batteries in LED traffic lights, traffic signs, and consumer electronics products. The zinc-silver battery segment is projected to expand at a substantial CAGR during the forecast period, owing to its increasing application in the military and space sector. Increase in usage of carbon zinc batteries in various devices is expected to boost the demand carbon zinc batteries market during the forecast period. Zinc–air batteries are used to power a large number of electronic gadgets and appliances used in day-to-day life, such as watches, hearing aids, and radios. These batteries have high energy density and are cheaper alternatives to lithium-based batteries. They are also lighter in weight, which increases their application in small devices. Nickel-zinc (NiZn) batteries offer various benefits such as high energy density, superior power density, low cost, better life cycle, longer shelf life, and high discharge rates (these batteries excel at high discharge rates, while retaining thermal stability), and are capable of fast charging. Nickel-zinc (NiZn) batteries offer safety, as they are non-flammable and cause no threat to the environment.

Global Zinc Battery Market By Type

By Application Segment
Based on applications, the global zinc battery market is segmented as electric vehicle, consumer electronics, power tools, and others. The consumer electronics segment accounts for a key share of the market and is anticipated to expand at a considerable CAGR during the forecast period, owing to the increasing popularity and usage of consumer electronics by people in day-to-day life. Rising adoption of zinc-ion batteries over lithium-ion batteries due to their advantages and benefits is expected to boost the demand for zinc batteries in various applications. Growing technological advancements in battery technologies has boosted the usage of various battery-operated equipment worldwide. Moreover, electric vehicles are equipped with numerous features that consume a significant amount of battery power, which in turn, is expected to boost the demand for zinc batteries. Nickel-zinc battery offers high power, high shelf life, high energy density, and cost-effective performance levels. Nickel-zinc batteries are used at high and low temperatures, and are safe, environmentally clean, recyclable, and do not require any special handling. Zinc-air battery is one of the widely used types of batteries in portable consumer electronics products such as watches, hearing aids, and pagers. Moreover, silver-zinc batteries are preferred for small consumer electronics products and devices, as they provide higher energy density values and longer run time than compared others batteries.

Global Zinc Battery Market By Application

Region Wise Outlook

Based on applications, the global zinc battery market is segmented as electric vehicle, consumer electronics, power tools, and others. The consumer electronics segment accounts for a key share of the market and is anticipated to expand at a considerable CAGR during the forecast period, owing to the increasing popularity and usage of consumer electronics by people in day-to-day life. Rising adoption of zinc-ion batteries over lithium-ion batteries due to their advantages and benefits is expected to boost the demand for zinc batteries in various applications. Growing technological advancements in battery technologies has boosted the usage of various battery-operated equipment worldwide. Moreover, electric vehicles are equipped with numerous features that consume a significant amount of battery power, which in turn, is expected to boost the demand for zinc batteries.

Key Benefits for Industry Participants & Stakeholders

  • In-Depth Analysis of The Global Zinc Battery Market.
  • Historical, Current and Projected Market Size in Terms of Value.
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in The Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on From Global Zinc Battery Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Zinc Battery Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Zinc Battery Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Zinc Battery Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Zinc Battery Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Zinc Battery Market Size & Forecast, 2017-2027
      4.5.1 Zinc Battery Market Size and Y-o-Y Growth
      4.5.2 Zinc Battery Market Absolute $ Opportunity
Chapter 5 Global Zinc Battery Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Zinc Battery Market Size & Volume Forecast By Type
      5.2.1 Zinc-Air Battery
      5.2.2 Nickel-zinc Battery
      5.2.3 Zinc-Silver Battery
      5.2.4 Carbon-zinc Battery
      5.2.5 Zinc-Chloride Battery
      5.2.6 Others
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Zinc Battery Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Zinc Battery Market Size & Volume Forecast By Application
      6.2.1 Electric Vehicle
      6.2.2 Consumer Electronics
      6.2.3 Power Tools
      6.2.4 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Zinc Battery Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Zinc Battery Market Size & Volume Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Zinc Battery Analysis and Forecast
   9.1 Introduction
   9.2 North America Zinc Battery Market Size & Volume Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Zinc Battery Market Size & Volume Forecast By Type
      9.6.1 Zinc-Air Battery
      9.6.2 Nickel-zinc Battery
      9.6.3 Zinc-Silver Battery
      9.6.4 Carbon-zinc Battery
      9.6.5 Zinc-Chloride Battery
      9.6.6 Others
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Zinc Battery Market Size & Volume Forecast By Application
      9.10.1 Electric Vehicle
      9.10.2 Consumer Electronics
      9.10.3 Power Tools
      9.10.4 Others
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Zinc Battery Analysis and Forecast
   10.1 Introduction
   10.2 Europe Zinc Battery Market Size & Volume Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Zinc Battery Market Size & Volume Forecast By Type
      10.6.1 Zinc-Air Battery
      10.6.2 Nickel-zinc Battery
      10.6.3 Zinc-Silver Battery
      10.6.4 Carbon-zinc Battery
      10.6.5 Zinc-Chloride Battery
      10.6.6 Others
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Zinc Battery Market Size & Volume Forecast By Application
      10.10.1 Electric Vehicle
      10.10.2 Consumer Electronics
      10.10.3 Power Tools
      10.10.4 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Zinc Battery Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Zinc Battery Market Size & Volume Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Zinc Battery Market Size & Volume Forecast By Type
      11.6.1 Zinc-Air Battery
      11.6.2 Nickel-zinc Battery
      11.6.3 Zinc-Silver Battery
      11.6.4 Carbon-zinc Battery
      11.6.5 Zinc-Chloride Battery
      11.6.6 Others
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Zinc Battery Market Size & Volume Forecast By Application
      11.10.1 Electric Vehicle
      11.10.2 Consumer Electronics
      11.10.3 Power Tools
      11.10.4 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Zinc Battery Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Zinc Battery Market Size & Volume Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Zinc Battery Market Size & Volume Forecast By Type
      12.6.1 Zinc-Air Battery
      12.6.2 Nickel-zinc Battery
      12.6.3 Zinc-Silver Battery
      12.6.4 Carbon-zinc Battery
      12.6.5 Zinc-Chloride Battery
      12.6.6 Others
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Zinc Battery Market Size & Volume Forecast By Application
      12.10.1 Electric Vehicle
      12.10.2 Consumer Electronics
      12.10.3 Power Tools
      12.10.4 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Zinc Battery Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Zinc Battery Market Size & Volume Forecast by Country
      13.2.1 GCC
      13.2.2 UAE
      13.2.3 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Zinc Battery Market Size & Volume Forecast By Type
      13.6.1 Zinc-Air Battery
      13.6.2 Nickel-zinc Battery
      13.6.3 Zinc-Silver Battery
      13.6.4 Carbon-zinc Battery
      13.6.5 Zinc-Chloride Battery
      13.6.6 Others
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Zinc Battery Market Size & Volume Forecast By Application
      13.10.1 Electric Vehicle
      13.10.2 Consumer Electronics
      13.10.3 Power Tools
      13.10.4 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Zinc Battery Market: Competitive Dashboard
   14.2 Global Zinc Battery Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details - Overview, Financials, Developments, Strategy)
      14.3.1 ZincFive, Inc.
      14.3.2 FDK CORPORATION
      14.3.3 Eastman Kodak Company
      14.3.4 ZPower
      14.3.5 ZeniPower (Zhuhai Zhi Li) Battery Co., Ltd.
      14.3.6 Primus Power
      14.3.7 Shenzhen BetterPower Battery Co., Ltd.
      14.3.8 Zhejiang Mustang Battery Co., Ltd.
      14.3.9 Linyi Huatai Battery Co., Ltd.
      14.3.10 Nippo Batteries
      14.3.11 GPB International Limited
      14.3.12 Shenzhen Tcbest Battery Industry Co., Ltd
      14.3.13 Energizer Holdings, Inc.
      14.3.14 Panasonic Corporation
      14.3.15 Zhejiang Yonggao Battery Co., Ltd
Key Segments Covered

By Types
  • Zinc-Air Battery
  • Nickel-zinc Battery
  • Zinc-Silver Battery
  • Carbon-zinc Battery
  • Zinc-Mn Battery
  • Others
By Application
  • Electric Vehicle
  • Consumer Electronics
  • Power Tools
  • Others
By Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Key Market Players Profiled in the Report
  • 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
  • Key players in the global zinc battery market are 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.These companies are considered as key market players of global Zinc Battery market, based on their revenue, research & development (R&D) activities in the areas of improving offerings, and regional presence.
  • The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to cater the increasing demand for global Zinc Battery market.
  • On October 29, 2019, ZPower and Energous Corporation announced partnership to develop WattUp-enabled ZPower micro-batteries for use in a variety of small electronic devices.
  • On November 17, 2016, ZincFive, Inc. (Formerly EnSite Power, Inc.) acquired PowerGenix System, Inc. which commercialized the nickel-zinc battery.

Global Zinc Battery Market By Key Players

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers various applications of global zinc battery market such as road signs and street lights.

According to this Growth Market Reports, the market from global Zinc Battery market is likely to register a CAGR of 3.2% during period 2020-2027, with an anticipated valuation of USD 11,439.5 million by the end of the 2027.

In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such Volume (Million units), Macro-economic factors, COVID-19 Impact on the global zinc battery market is available in final report.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The global Zinc Battery market is anticipated to grow significantly during forecast period due to increase in demand for consumer electronic products and electric vehicle.

The demand for global zinc battery market is high in automotive and consumer electronics applications, thus, in turn, driving the market growth.

The Zinc Battery market is negatively impact due to COVID-19 pandemic restrictions and policies.

The base year considered for the global zinc battery market is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years, and the forecast is provided from 2020 to 2027.

Major manufactures include Energizer Holdings, Inc., Panasonic Corporation, FDK CORPORATION, Zhejiang Mustang Battery Co., Ltd., and Linyi Huatai Battery Co., Ltd.