A zinc battery is a type of electrochemical cell that uses zinc metal as the anode (negative electrode) material. These batteries are known for their safety, environmental friendliness and cost-effectiveness. Zinc batteries are used for their lower environmental impact compared to lithium-ion batteries and are gaining traction in renewable energy and consumer electronics.
The zinc battery market consists of sales, by entities (organizations, sole traders and partnerships), of zinc batteries that generate electrical energy through electrochemical reactions. These batteries are characterized by their use of zinc as the anode and manganese dioxide as the cathode, with an electrolyte typically composed of ammonium chloride or zinc chloride mixed into a paste. This configuration allows for a voltage output of approximately 1.5 volts.
The global zinc battery market was valued at $522.95 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 11.00%.
Rising Demand for Consumer Electronics
During the historic period, increasing demand for consumer electronics propelled the growth of the zinc battery market. Consumer electronics refer to electronic devices designed for everyday use by individuals, typically for entertainment, communications and productivity purposes. The rising demand for consumer electronics is due to continuous technological improvements, the proliferation of the internet and the expansion of high-speed networks, the widespread adoption of smartphones and tablets and the growth of smart home technology. Zinc batteries are utilized in consumer electronics, such as remote controls and toys, due to their cost-effectiveness and reliable performance for low-power applications. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total consumer electronics production reached ¥32,099 million ($291.81 million) in May 2023, compared to ¥25,268 million ($229.768 million) in May 2022. Therefore, the increasing demand for consumer electronics drove the growth of the zinc battery market.
Innovative Solutions In Nickel-Zinc Batteries For Data Center Applications
Major companies operating in the zinc battery market are focusing on developing advanced nickel-zinc (NiZn) batteries with improved safety and efficiency for data center applications. NiZn technology in zinc batteries refers to using nickel and zinc chemistry to enhance performance and environmental sustainability compared to traditional battery types. For instance, in May 2024, ABB Inc., a Switzerland-based provider of electrical equipment and automation products, launched nickel-zinc (NiZn) batteries for data center UPS (uninterruptible power supply) solutions, significantly advancing safety, reliability and sustainability. It offers a safer alternative to lead-acid and lithium-ion batteries, with a reduced risk of thermal runaway. They also contribute to a lower carbon footprint and greater environmental friendliness. Moreover, their efficiency in requiring less cooling can enhance data centers' overall power usage effectiveness (PUE), marking a meaningful step toward more efficient and eco-friendly energy storage solutions.
The global zinc battery market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 24.90% of the total market in 2023.
Zinc Battery Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global zinc battery market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for zinc battery? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The zinc battery market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider zinc battery market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by rechargeability and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the zinc battery market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by rechargeability and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for zinc battery providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 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: Utilities; Industrial; Consumer Devices; Other Applications
- Companies Mentioned: Linyi Huatai Battery Co Ltd (Shandong Huatai New Energy Battery); ZincFive Inc; Redflow Limited; GP Industries Limited; Energizer Holdings Inc.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; zinc battery indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.