New York, NY -- (SBWIRE) -- 07/31/2019 -- It evaluates the data gathered to give an extensive view of the trends and predicts the possible developments in the forecasted duration. For this study, the historical data has been collected from the years 2016 and 2017 while taking 2018 as the base year to estimate the rise of the industry in the years 2019 to 2026.
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The global zinc-air battery market crossed USD 1.4 billion in 2017 and is expected to reach USD 2.7 million by 2026. Zinc-air batteries are widely used to power a large number of electronic devices and appliances, and commonly used to power small devices such as watches, pagers and hearing aids. Zinc-air batteries store electrochemical energy and have a high energy density compared to conventional lithium-ion batteries. The battery consists of a zinc anode and a cathode and generates energy by redox reactions between zinc and oxygen. The oxygen from the air reacts with the cathode and produce hydroxyl ions, which then combines with the zinc paste to form zincate. Electricity is the resultant of this process. Zinc-air batteries are significantly much cheaper than lithium-ion ones and do not possess any flame risks as the lithium-ion batteries do. Zinc-air batteries can also match or surpass lithium-ion batteries in terms of energy density. The raw materials required for zinc-air batteries are also inexpensive and widely available.
There has been a growing number of demand for zinc-air batteries in various fields. The use of zinc-air batteries is being implemented in several traffic-signalling systems such as LED traffic lights, traffic signs, and numerous traffic signals. The poor functioning of traffic signals due to low shelf life can cause accidents, which have increased the demand for zinc-air batteries as they have a long shelf life. Zinc-air batteries have high importance in the railway industry as well due to their resistance to strong vibrations. Zinc-air battery is used in the medical industry, especially in hearing aids, because they supply power in various temperatures ensuring the optimal functioning of the hearing aid. The increase in hearing disorders, particularly in the US and Europe, have further boosted the sales.
In terms of type, the rechargeable zinc-air battery type will see the fastest growth during the forecast period due to the possible untapped opportunities of its application in consumer devices, lightweight vehicles, uninterrupted power supplies and such. Government initiatives and policies to replace mercury-based cells with zinc-air batteries will open new opportunities. One concern for the zinc-air battery market is the presence of traces of mercury, which leak by disintegrating the zinc-battery casing and cause health hazards. Globally, the Asia Pacific offers the highest opportunity for growth due to the rise of the automotive and electronics businesses. The demand for zinc-air batteries is also increasing in North America and Europe, due to strict regulations and policies governing carbon emissions and with the focus increasingly shifting towards lightweight vehicles to improve fuel economy.
Some of the key findings from our Zinc-air battery market forecast report
The document provides an investigation of the zinc-air battery marketplace to predict its prospects. The past data is considered from the years 2016 and 2017 while taking 2018 as the base year to estimate the trends in the years 2019 to 2026. The industry has been categorized into different segments based on type as Rechargeable, Non-Rechargeable), based on application as Small Devices, Remote Signalling & Communication, Safety Lamps, Electric Cars, and others to assess their size, share, demand, trends, gross profit, total earnings, revenue and speculate their further aspects. This report also evaluates the competition in the business to derive the individual placements of the key players in the global sector. The information provided here outlines those sectors that are expected to undergo substantial developments in the predicted years to aid the readers in deciphering the most profitable ones for their business. By doing so, it also highlights the future sectors that exhibit significant potential for investment.
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Global Zinc-air battery market
The global SMC industry is projected to undergo a steady growth in the forecasted years, as observed by the outcome of the analysis provided in this study. The report encompasses the different factors that have a substantial impact on revenue of the businesses. This study also profiles the key players that account for a significant share in the global economy of the SMC industry. These companies include Duracell International Inc., Electric Fuel Battery Corp., Energizer Holdings Inc., GP Batteries International Limited, and iCellTech Corporation among others. The key geographical regions mapped here are North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The competitive data given helps in providing better insights into the individual standing of the companies against the global landscape. The forecast also provides the estimated trends in demand and their impact on the businesses.
Key players in the global Zinc-air battery market:
- Duracell International Inc.
- Electric Fuel Battery Corp.
- Energizer Holdings Inc.
- GP Batteries International Limited
- iCellTech Corporation
Market segment based on the type:
- Rechargeable
- Non-Rechargeable
Market segment based on application:
- Small Devices
- Remote Signaling & Communication
- Safety Lamps
- Electric Cars
- Others
Market segment based on the Country/Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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