According to Custom Market Insights (CMI), The global zinc-ion battery market report summarizes, segregates, and displays the global market size and regional data. The research offers all-inclusive information on the global Zinc Ion Battery market growth, driving factors, key tactics, and market shares of the most prominent businesses across the industry. Further, this report will list important parameters and examine the latest trends influencing the market growth.
The global zinc-ion market size is estimated at USD 9.2 billion in 2021 and is projected to reach USD 13.3 billion by 2030, at a CAGR of 3.4% during the forecast period.
Zinc-ion Battery Market: Overview
Similar to lithium-ion batteries, the zinc-ion battery operates on the principle of intercalation, which involves metal ions reacting at both electrodes and travelling through a water-based electrolyte solution. The discharge process involves zinc metal at the anode getting dissolved and leaving zinc ions in the water-based electrolyte solution. These zinc ions will travel to the cathode and will get absorbed by the electrolyte. During charging, the process will be reversed.
Browse the full “Zinc-ion Battery Market Size, Share, Growth Analysis Report By Product Type (Zinc-Mn Battery, Zinc-chloride Battery, Zinc-Carbon Battery, Zinc-Silver Battery, Zinc-Nickel Battery, Zinc-Air Battery), By End-Use Sector (Consumer Electronics, LED Lighting, Automotive, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030″ report at https://www.custommarketinsights.com/report/zinc-ion-battery-market/
Growth Factors
The global zinc-ion battery will show significant growth, owing to the exponential demand from consumer electronic products such as mobiles, tablets, cameras, laptops, and others. The ever-growing market of electric vehicles will offer numerous opportunities for manufacturers, thus augmenting the growth of the market over the forecasted period of 2022 to 2030. The popularity of zinc-based batteries is rising due to their low cost as compared to other batteries such as lithium-ion batteries and nickel-cadmium batteries. These factors will contribute to futuristic growth projections worldwide.
Segmental Overview
The Zinc-ion Battery is segmented into product type and end-use sector. By type, the global zinc-ion market is separated into the following types, a Zn-Mn battery, Zn-Cl battery, Zn-C battery, Zn-Ag battery, Zn-Ni battery, and Zn-air battery. The zinc-air battery segment will hold the majority of the market share and will dominate the market over the forecasted period. The zinc-air segment will register a significant CAGR due to the rising number of applications in LED lighting, power tools, and consumer electronic items.
By end-use, the market is classified as consumer electronics, automotive, LED Lighting, and others. The consumer electronics segment held the largest revenue share in 2021 and will continue to dominate the market. Zinc-ion batteries are ideal for portable devices and several other consumer electronic products. These batteries are increasingly used in mobile phones, laptops, computers, tablets, torches or flashlights, hearing aids, and other wearable devices.
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Regional Overview
Increased Demand for Insect Repellents from Asia-Pacific
Zinc-ion battery market in APAC is expected to grow at the highest CAGR during 2022−2030. China is one of the world’s largest markets for electric vehicles and consumer electronics products. Continuous developments in the consumer electronics and automotive verticals have led to an increase in the application of Zinc-ion batteries due to their lower cost with increased safety.
The COVID-19 pandemic has impacted the manufacturing facilities of Lithium-ion batteries across China with complete supply chain disruptions, thereby opening a window of opportunity for Zinc-ion batteries. These factors are expected to drive market growth in the region.
Competitive Landscape
The market will become very competitive nature with the majority of businesses putting emphasis on research development activities and constant product innovation. The start-ups in the market are engaged in new product development to improve efficiency and performance rating.
Companies hold a strong position on account of their research spending and large distribution network. Also, these businesses have been focusing on different developmental strategies including partnerships, agreements collaborations, and new product developments. These factors will allow them to swell their businesses in untapped and potential markets.
Some of the prominent players
- Salient Energy
- Hindustan Zinc
- Nippo Batteries
- Eos Energy
- Enerpoly
- Panasonic Corporation
- ENZINC, INC
- Shenzhen Tcbest Battery Industry Co. Ltd.
- Eastman Kodak Company
- Shenzhen BetterPower Battery Co. Ltd.
- ZincFive Inc.
- LinyiHuatai Battery Co. Ltd.
- Zhejiang Yonggao Battery Co. Ltd.
- Primus Power
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