What is Zinc-Air Batteries Market?
Zinc-Air Batteries that stores electrochemical energy are widely used in various electronic gadgets and applications due to numerous benefits like high energy density, inexpensive raw materials, excellent shelf life, and available in different size. Zinc air button cells are frequently used in watches and hearing aids. Some of zinc air batteries are designed in the form of prismatic or cylindrical cells that are used in telecoms sectors. These batteries also finds applications in railway remote signaling, safety lamps at road and rail construction sites or as power sources for electric fences. On the flip-side, these batteries are sensitive to extreme temperature and humid conditions.
The market study is being classified by Type (Primary (non-rechargeable), Secondary (rechargeable) and Mechanical Recharge), by Application (Hearing Aid, Medical Field and Other) and major geographies with country level break-up.
Berkshire Hathaway Inc. (United States), Spectrum Brands Holdings, Inc. (United States), Energizer Holdings, Inc. (United States), Panasonic Corporation (Japan), ZAF Energy Systems, Inc. (United States), Electric Fuel Battery Corporation (United States), ReVolt Technologies. (Norway), Duracell International Inc (United States), Power-One Microsystems Pvt Ltd (India), House of Batteries Ltd (United States), Enzinc Inc (United States), Jauch Group (Germany), Arotech Corporation (United States), Toshiba Corporation (Japan) and NEXcell Battery Co. Ltd (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Renata SA (Switzerland), Zhuhai Zhi Li Co. Ltd (China) and Shanzhen Konnoc Battery Industrial Co. Ltd. (China).
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make up-gradations in the product. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Zinc-Air Batteries market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Zinc-Air Batteries market by Type, Application and Region.
On the basis of geography, the market of Zinc-Air Batteries has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing applicability in electronic sector
- Increasing popularity due to cost-effectiveness
Market Trend
- Growing fad of various types of hearing aids ultimately increases product demand
- Government initiatives for replacement of mercury button cells with zinc-Air batteries
Restraints
- Availability of alternatives
- Temperature sensitivity
Opportunities
- Continuously growing automotive and electronic industry
- Increasing investments to develop energy efficient products
Key Target Audience
Key Consulting Companies & Advisors, Large, medium-sized, and small enterprises, Venture capitalists, Value-Added Resellers (VARs), Third-party knowledge providers, Investment bankers and Investors