The global zinc-based battery market is anticipated to grow at a significant CAGR of 5.8% during the forecast period. A zinc-based battery is a rechargeable battery using zinc as an anode. It powers various applications such as electric vehicles, toys, drones, cameras, flashlights, and so on. The main element used in these batteries is zinc which is the fourth most abundant element and is much cheaper as compared to other materials used in lithium-ion or nickel-metal hydride batteries. The market for the zinc-based battery is expected to show significant growth due to increasing demand for consumer electronics such as cameras, laptops, game players, toys, and others. In addition, the increasing market of electric vehicles further augments the growth of the market in the future. Another major factor driving the growth of the market includes the low cost of zinc-based batteries as compared to other batteries such as lithium-ion batteries and nickel-cadmium batteries. However, factors such as the presence of alternatives in the market and the low shelf life of zinc-based batteries hinder the growth of the market.
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The COVID-19 pandemic has impacted all industries and the zinc-based battery market is also not left untouched. The supply chain disruption had created problems for the supply of raw materials as well as finalized products. According to the International Energy Agency, electric vehicle sales had fallen 15% throughout the globe which had certainly impacted the zinc-based battery market. However, increased demand of medical equipment had supported the market to stablise.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Zinc-Based Battery Market by Type
- Zinc-Air Battery
- Nickel-Zinc Battery
- Zinc-Silver Battery
- Carbon-Zinc Battery
- Zinc-Chloride Battery
- Zinc-Mn Battery
Global Zinc-based Battery Market by Usability
- Primary Battery
- Secondary Battery
Global Zinc-Based Battery Market by End-User
- Automobile
- Consumer Electronics
- Industrial
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Duracell Inc.
- EaglePicher Technologies LLC
- Electric Fuel Ltd.
- Energizer Holdings, Inc.
- EnZinc
- Eos Energy Enterprises, Inc.
- GPB International Ltd.
- Guangzhou Tianqiu Enterprise Co., Ltd.
- Imprint Energy, Inc.
- NantEnergy, Inc.
- Panasonic Corp.
- Redflow Ltd.
- Revolt Technology AS
- Shenzhen Tcbest Battery Industry Co., Ltd.
- ViZn Energy Systems
- ZAF Energy Systems, Inc.
- ZeniPower (Zhuhai Zhi Li) Battery Co., Ltd.
- Zinc8 Energy Solutions, Inc.
- ZincFive, Inc.
- ZPower, LLC
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global zinc-based battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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