Emerging Trends for Worldwide Zinc-Air Batteries Industry Market (2019-2026): Business Strategy, Opportunity, Segmentation, Competitive Landscape and Regional Analysis
The global Zinc-Air Batteries market is estimated to be USD 1,629 million in 2019 and is expected to reach USD 2,902 million by 2026, with a CAGR of 8.6% during the forecast period.
Zinc air battery, also known as zinc oxide battery, a primary battery that uses activated carbon to adsorb oxygen or pure oxygen in the air as a positive electrode active material, zinc as a negative electrode, and ammonium chloride or a caustic solution as an electrolyte.
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The technical barriers of Zinc-Air Batteries are relatively high, and the Zinc-Air Batteries market concentration degree is relatively high. The manufacturing bases scatter around the world in terms of geography, but the key technology and high-end products are in the hand of the global leading enterprise like Rayovac, Energizer, Arotech, Duracell, etc. Key players in the Zinc-Air Batteries market include Rayovac, Energizer, Arotech, Duracell, Power one, Camelion, Panasonic, House of Batteries, En Zinc, Jauch Group, Toshiba, NEXcell, Renata, ZAF Energy System, Zeni Power, Konnoc, etc.
Market Driver and Restraint
The major growth drivers of the global zinc-air batteries market in the future include the growing demand for rechargeable zinc-air batteries for their use in various consumer products and the increasing number of zinc-air batteries applications, such as traffic signaling and communication. Moreover, a rise in demand for hearing aids among the geriatric population is also anticipated to boost the global zinc-air batteries market. However, the presence of traces of mercury and unstable redox reactions are projected to hinder the zinc-air batteries market.
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Forecast by Geography
In terms of geography, the Zinc-Air Batteries market has been categorized into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. North America is the largest sales volume market for Zinc-Air Batteries, with a revenue market share nearly 35.62% in 2018. This was followed by Europe and Asia-Pacific, accounting for 34.21% and 25.48% respectively. Demand for zinc-air batteries is expected to rise in the near future, due to an increase in the demand for electric vehicles, energy-efficient systems, and electronic components, especially in North America and Europe. However, the Asia Pacific region is likely to register a substantial rate of growth in the zinc-air batteries market in the future. This can be attributed to the regions’ flourishing electronics and automotive industries.
Type Segment Analysis
The type of Zinc-Air Batteries market can be divided into Rechargeable and Non-rechargeable. The rechargeable batteries are anticipated to dominate this global market over the estimated time period, due to their sustainability and reliability.
Application Segment Analysis
Zinc-Air Batteries is widely used in Small Devices, Remote Signaling & Communication, Safety Lamps, Electric Cars, Others. Small devices are likely to dominate the market for zinc-air batteries in the upcoming years, owing to their light weight, cost-effectiveness, high energy density, constant voltage, etc.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Zinc-Air Batteries Market
2 Market Trends and Competitive Landscape
3 Segmentation of Zinc-Air Batteries Market by Types
4 Segmentation of Zinc-Air Batteries Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Zinc-Air Batteries Market in Major Countries
7 North America Zinc-Air Batteries Landscape Analysis
8 Europe Zinc-Air Batteries Landscape Analysis
9 Asia Pacific Zinc-Air Batteries Landscape Analysis
10 Latin America, Middle East & Africa Zinc-Air Batteries Landscape Analysis
11 Major Players Profile
11.1.1 Rayovac Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.5 Power one
11.8 House of Batteries
11.9 En Zinc
11.10 Jauch Group
11.14 ZAF Energy System
11.15 Zeni Power
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Target Audience for this Report
- Zinc-Air Batteries manufacturers
- Zinc-Air Batteries importers and exporters
- Zinc-Air Batteries traders, distributors, and suppliers
- Zinc-Air Batteries industry associations
- Product managers, Zinc-Air Batteries industry administrator, C-level executives of the industries
- Small and Medium-sized Enterprises (SMEs)
- Government agencies and NGOs
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2019 to 2026
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