Industry Background:
Zinc-air battery refers to metal air batteries powered by oxidizing zinc with the oxygen taken from the air. These batteries have a high energy density and are relatively cheap to manufacture. The cathode interacts with the oxygen in the air to create hydroxyl ions, which mix with the zinc paste to generate zincate. This process produces electricity as a by-product. Zinc-air batteries are considerably less expensive than lithium-ion batteries, and they do not pose the same risk of burning as lithium-ion batteries. Primarily, these batteries are used for watches and hearing aid. The United States is the largest market for zinc-air batteries followed by the Asia Pacific.This growth is primarily driven by Need Of Zinc-Air Batteries in Traffic-Signalling Systems and Hearing Aids and Demand Of Zinc-Air Batteries Due to Its High Energy Density.
Globally, a noticeable market trend is evident Growing Innovation to Increase the Adoption of Zinc-Air Battery. The Electrical Components & Equipment sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Panasonic Corporation (Japan), ZincNyx (Canada), Duracell, Inc. (United States), Electric Fuel Battery Corp. (United States), Energizer Holdings Inc. (United States), GP Batteries International Limited (Singapore), iCellTech Corporation (South Korea), Renata SA (Switzerland), Sony Electronics, Inc. (Japan) and Spectrum Brands, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 13th Dec 2017, MGX Minerals Inc announced that it has entered a formal agreement (the "Agreement") with 8230137 Canada Inc. and ZincNyx Energy Solutions, Inc. ("ZincNyx") to purchase all of ZincNyx's issued and outstanding shares. ZincNyx will become a wholly-owned subsidiary of the Company upon the completion of the Agreement.
In May 2021, Researchers from South Korea's Hanyang University developed a new type of zinc-air pouch cell that outperforms current currently available battery technology. These pouch cells, described in a research published in Nature Energy, include a cathode made of (101)-facet copper phosphosulfate [CPS(101)], super-ionic conductor electrolytes made of anti-freezing chitosan-biocellulosics, and an anode made of patterned Zn.
Market Drivers
- Need Of Zinc-Air Batteries in Traffic-Signalling Systems and Hearing Aids
- Demand Of Zinc-Air Batteries Due to Its High Energy Density
Market Trend
- Growing Innovation to Increase the Adoption of Zinc-Air Battery
Restraints
- Zinc-Air Batteries Are Sensitive to Extreme Temperature and Humidity
Opportunities
Increasing Prevalence of Electrical Devices Will Increase the Demand of Zinc-Air Battery and Growing Use of Hearing Aid Will Increase the Demand of Zinc-Air Batteries
Challenges
Recharging The Zinc-Are Batteries Is Inconvenient and Impractical and Challenging For Manufacturers to Reduce Self-Discharge of Zinc-Air Batteries
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Zinc–air Battery Study Sheds Light on
The Zinc–air Battery Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Zinc–air Battery industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Zinc–air Battery industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.