Zinc-air Battery Market size is anticipated to grow by USD 246.79 million, with a CAGR of 7.5% during the forecast period i.e., between 2025-2037. By the year 2025, the zinc-air battery industry’s worth is projected to be around USD 168.84 million.
Governments throughout the world provide financial assistance and other incentives to promote the use of renewable energy technologies, such as zinc-air batteries. These policies encourage manufacturers and consumers to invest in Zincair battery technology by offering tax advantages and support for research and development. For example, Zinc8 Energy Solutions, a company that specializes in long-duration energy storage, is relocating to Kingston, New York. The USD 68 million manufacturing facility will not only help fight climate change but also offer jobs for up to 500 people and promote the leadership of New York State's green economy. Governor Hochul's 2030 target of accumulating six gigawatts of energy storage is in line with this measure.
Because zinc-air batteries are being used more often in electronic devices, stationary power, and energy storage systems, the size of the worldwide market for zinc-air batteries is predicted to increase dramatically. The market's growth is mostly being driven by this increasing demand. In comparison to current lithium-ion technology, zinc-air batteries provide great energy densities and perhaps extremely cheap production costs. Due to this, they may be used in a variety of settings, such as energy storage systems and electrical gadgets.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
7.5% |
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Base Year Market Size (2024) |
USD 158.16 million |
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Forecast Year Market Size (2037) |
USD 404.95 million |
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Regional Scope |
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Battery Type (Rechargeable, Non-rechargeable)
Rechargeable segment share in the zinc-air battery market is estimated to reach 72% by the end of 2037. Due to their extended shelf life and durability, rechargeable batteries are gaining popularity. In a climate of increasing concern over the environment, their reusability is particularly appealing.
Rechargeable zinc-air batteries are versatile and can be utilized around various scales, starting from small electronic devices to large vehicles. The volume of the consumer electronics sector is projected to reach 9,014.0 million pieces in 2028. This will lead to a sharp increase in demand for rechargeable zinc-air batteries, thus leading to rapid market share gains.
End-user (Home Appliances, Power Tools, Electric Vehicles)
In zinc-air battery market, electric vehicle segment share is projected to cross 19% by 2037. To promote electric vehicles and to provide a supportive regulatory environment for the adoption of zinc-air batteries in electric vehicles, government policies and incentives have been put in place to reduce carbon emissions.
In August 2023, a new study by ECU focused on the development of zinc-air batteries for driving electric vehicles in the future and how to optimize them using cost-effective, safer, sustainable materials which resulted in an enhanced result. lifespan and performance.
Our in-depth analysis of the global zinc-air battery market includes the following segments:
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Type |
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Voltage Type |
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Battery Type |
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End-User |
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Application |
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APAC Market Statistics
Asia Pacific industry is set to account for largest revenue share of 50.1% by 2037. Due to the growing demand for EVs, energy-efficient systems, and electronic components, this region will likely give rise to growth opportunities. The adoption of zinc-air batteries in electric vehicles, in particular in electric cars, is a step in the right direction. The use of zinc-air batteries is also endorsed by promising opportunities and the growing demand for energy storage devices, as they are characterized by a higher energy density. In 2023, China sold more than 8 million electric cars in the Asia Pacific region alone.
Moreover, due to the expected increase in electric vehicle demand in China over the forecast period, zinc-air batteries offer an efficient energy storage system.
India's government spending on zinc-air batteries has created new prospects for the worldwide zinc-air battery market. In March 2021, for example, researchers at IIT Madras in India created mechanically rechargeable zinc-air batteries as a substitute for lithium-ion batteries, which are utilized in electric cars. In the next years, this aspect is probably going to be the market driver.
The Japanese market for electric vehicles is very important. Given their strong energy density and low hazards compared to traditional batteries, the adoption of these batteries in electric vehicles has exciting potential.
North American Market Analysis
Zinc-air battery market size for North America region is projected to cross 25% by 2037. The market for zinc-air batteries in North America is expanding as a result of stricter laws governing carbon dioxide emissions and an emphasis on using lightweight, more fuel-efficient automobiles.
This has increased the need for zinc-air batteries in North America, especially for communications and medical devices like hearing aids. On March 20, 2024, the US Environmental Protection Agency (EPA) released the final version of the new motor vehicle emissions regulations. The requirements, which extend the EPA's 2021 regulation that set emissions criteria for model years 2023 through 2026, mandate that automakers achieve gradually lower emissions for new cars in model years 2027 through 2032.
North America's market is predicted to increase steadily, with the United States leading the regional market. The regional market is anticipated to be driven by government organizations' increasing attention to greenhouse gas emissions.
Innovation and the commercialization of zinc-air batteries are stimulated by Canada’s extensive industry infrastructure, as well as its highly developed research and development capabilities.
Author Credits: Dhruv Bhatia
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