What Is The Current and Historic Market Size Analysis Of The Zinc Battery Market?
The zinc battery market has seen considerable growth due to a variety of factors.
• The zinc battery market has experienced rapid growth in recent years. It will grow from $1.09 billion in 2024 to $1.29 billion in 2025, at a CAGR of 18.4%.
The growth is attributed to the rising demand for portable electronics, the use of zinc batteries in automotive applications, military and aerospace needs, government policies promoting non-toxic and recyclable materials, and their cost-effectiveness.
What are the Market Size and Expected Growth Rates for the Zinc Battery Market?
The zinc battery market is expected to maintain its strong growth trajectory in upcoming years.
• The zinc battery market is forecast to grow rapidly, expected to reach $2.51 billion by 2029 at a CAGR of 18.1%.
This growth is attributed to market expansion, increasing energy demand, electrification of transport, growth in renewable energy, and heightened environmental awareness. Trends in the forecast period include advancements in zinc-air batteries, miniaturization, safety innovations, development of zinc-ion batteries, and integration with renewable energy sources.
Which Key Drivers Are Propelling The Zinc Battery Market's Growth?
The surge in consumer electronics' demand is projected to stimulate the zinc battery market's expansion. Consumer electronics, commonly used for amusement, communication, and productivity, encompass gadgets intended for routine usage. The escalation in consumer electronics demand is credited to the persistent technological advancements, the internet's rapid expansion, the growth of high-speed networks, the extensive use of smartphones and tablets, and smart home technology's development. Zinc batteries, due to their affordability and dependable performance for minimal power usage, are employed in consumer electronics like remote controls and playthings. For example, the Japan Electronics and Information Technology Industries Association reported in May 2023 that the total production of consumer electronics hit $291.81 million (¥32,099 million), a significant increase from $229.768 million (¥25,268 million) in May 2022. Consequently, the zinc battery market's growth is fueled by the spiraling demand for consumer electronics.
What Are The Key Segments Within The Global Zinc Battery Market?
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
Pre-Book The Zinc Battery Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Influencing The Growth Of The Zinc Battery Market?
Leading corporations in the zinc battery market are zeroing in on the creation of cutting-edge solutions like NiZn technology to enhance battery safety and efficiency. NiZn technology in zinc batteries is about utilizing nickel and zinc chemistry to boost performance and environmental sustainability, outperforming traditional battery kinds. For example, ABB Inc., a Switzerland-based firm that offers electrical equipment and automation products, introduced nickel-zinc (NiZn) batteries for data center UPS solutions in May 2024, significantly improving safety, reliability, and sustainability. These batteries present a safer alternative to lead-acid and lithium-ion batteries, minimizing the thermal runaway risk. Additionally, they help decrease the carbon footprint and promote environmental friendliness. Furthermore, their efficiency in necessitating less cooling can boost the overall power usage effectiveness (PUE) of data centers, signifying a substantial move towards efficient and eco-friendly energy storage solutions.
Who Are the Key Players In The Zinc Battery Market?
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.
What Are The Regional Insights Into The Zinc Battery Market?
Asia-Pacific was the largest region in the zinc battery market in 2023. The regions covered in the zinc battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
