Global Zinc-Air Batteries Market- Global Industry Analysis and Forecast (2020-2027)
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- Published date: June 24, 2021
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- Pune, Pune, Maharashtra, India
Global Zinc-Air Batteries Marketwas valued US$ XX Bn. in 2019 and is estimated to grow at CAGR of 8.10 %, to reach US$ XX Bn. during the forecast period.
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An increase demand for rechargeable zinc-air batteries for their usage in various consumer products and zinc-air batteries applications like traffic signaling and communication are expected to drive the growth in the global zinc-air batteries market. Global zinc–air batteries market is expected to grow at a rapid rate because of the increase in the demand for electric vehicles, energy-efficient systems, and electronic components. Also, an implementation of strict regulations imposed on carbon dioxide emissions and increase in the focus on usage of lightweight vehicles with enhanced fuel economy are expected to propel the demand for zinc–air batteries.
However, the composition of mercury present in zinc-air batteries causes numerous health hazards that is expected to limit the growth of zinc-air batteries market during the forecast period.
Global Zinc-Air Batteries Market: Market Segmentation
Based on type, the rechargeable zinc-air batteries are estimated to dominate the largest market during the forecast period. Rechargeable zinc-air batteries are more versatile, reliable & sustainable solution, which contains double the energy over the conventional batteries. The manufacturing cost of rechargeable batteries is less and the batteries are safer and eco-friendly to use.
The hearing aids are expected to contribute XX% share in the global zinc-air batteries market. Zinc–air batteries are employed in hearing aids. It provides a steady supply of power, by ensuring proper functioning of hearing aids. The demand for zinc–air batteries are increasing because of its low weight feature. Some of the prominent key players like Panasonic are engaged in the production of zinc–air batteries, which are ideal for new-generation, digital hearing aids. Zinc–air batteries deliver reliable power in various temperature conditions. The cost-effectiveness is expected to increase the demand for zinc–air batteries for usage in hearing aids.
Global Zinc-Air Batteries Market: Geographical Analysis
Global Zinc-Air Batteries Market, Competitive Analysis:
Some of the prominent key players are focusing on the production of non-rechargeable zinc–air batteries, mainly for medical applications like hearing aids and remote signaling. An Increase in the foreign direct investment in India and China, specifically in the electronics sector is expected to drive the zinc–air batteries market during the forecast period.
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