Global Zinc-ion Battery Market Size To Reach USD 12.5 Billion By 2028

05-Apr-2022 | Facts and Factors

Findings from the Facts and Factors state that the global zinc-ion battery market is expected to exceed USD 12.5 billion by the end of 2028 in terms of revenue, growing at a CAGR of 3.5% from 2022 to 2028.

Zinc ions are used as charge carriers in a zinc-ion battery, also known as a Zn-ion battery (ZIB). ZIBs, in particular, use Zn as an anode, Zn-intercalating substances as cathodes, and a Zn-containing medium. In general, the term zinc-ion battery refers to rechargeable batteries, which are also known as rechargeable zinc metal batteries (RZMB). Thus, ZIBs differ from non-rechargeable zinc batteries such as alkaline or zinc-carbon batteries.

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Browse the full “Zinc-ion Battery Market By Type (Zinc-Mn Battery, Zinc-Chloride Battery, Zinc-Carbon Battery, Zinc-Silver Battery, Zinc-Nickel Battery, Zinc-Air Battery), By End-User (Consumer Electronics, Power Tools, Electric Vehicles, and Others), and By Region-Global and Regional Industry Outline, Market Insights, Inclusive Analysis, Statistical Data, and Forecast 2022–2028” report at https://www.fnfresearch.com/zinc-ion-battery-market

Because of increased demand for consumer electronics such as laptops, cameras, toys, game players, and others, the global zinc-ion battery market is predicted to develop significantly. Furthermore, the growing market for electric vehicles contributes to the market's future growth. Another key element driving market expansion is the low cost of zinc-based batteries in comparison to other batteries such as lithium-ion and nickel-cadmium batteries. However, limitations such as the availability of alternatives in the market and the short shelf life of zinc-based batteries impede the market growth. 

The global zinc-ion battery market is segregated on the basis of type, end-user, and region. By type, the market is classified into a zinc-Mn battery, zinc-chloride battery, zinc-carbon battery, zinc-silver battery, zinc-nickel battery, and zinc-air battery. The zinc-air battery category contributes to a large part of the market and is expected to grow at a significant CAGR over the forecast period, owing to the increased use of zinc-air batteries in LED traffic signals, signboards, and consumer electronic items. By end-user, the market is segmented into consumer electronics, power tools, electric vehicles, and others. The consumer electronics sector comprises the majority of the market and is expected to expand at a significant CAGR over the forecast period due to the growing adoption and usage of electronic products by people in their daily lives.

During the forecast period, the global zinc-ion battery market in the Asia Pacific region is expected to expand at a significant CAGR, followed by North America. High expansion in the electronics and electrical industries, as well as increased end-user knowledge of product efficiency, are important factors driving the global market. Furthermore, due to the availability of raw materials and low labor costs, large manufacturing businesses are relocating their manufacturing units to the Asia Pacific region. This has a beneficial impact on the global market's growth.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 9.2 Billion

Projected Market Size in 2028

USD 12.5 Billion

CAGR Growth Rate

3.5% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Zhejiang Mustang Battery Co. Ltd., Energizer Holdings Inc., ZPower, Nippo Batteries, ZeniPower (Zhuhai Zhi Li) Battery Co. Ltd., GPB International Limited, Panasonic Corporation, FDK CORPORATION, Shenzhen Tcbest Battery Industry Co. Ltd., Eastman Kodak Company, Shenzhen BetterPower Battery Co. Ltd., ZincFive Inc., Linyi Huatai Battery Co. Ltd. Zhejiang Yonggao Battery Co. Ltd., and Primus Power., among others

Key Segment

By Type, End-User, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Some of the main competitors dominating the global zinc-ion battery market are Zhejiang Mustang Battery Co. Ltd., Energizer Holdings Inc., ZPower, Nippo Batteries, ZeniPower (Zhuhai Zhi Li) Battery Co. Ltd., GPB International Limited, Panasonic Corporation, FDK CORPORATION, Shenzhen Tcbest Battery Industry Co. Ltd., Eastman Kodak Company, Shenzhen BetterPower Battery Co. Ltd., ZincFive Inc., Linyi Huatai Battery Co. Ltd. Zhejiang Yonggao Battery Co. Ltd., and Primus Power.

Recent Developments

  • February 2020: ZPower, the world's sole creator of rechargeable zinc-silver microbatteries, announced a collaboration with American Equus. American Equus, a firm known for its everyday equestrian product innovation, chose ZPower batteries for a new range of smart gadgets.
  • October 2019: ZPower, the world's sole provider of zinc-silver microbattery technology, collaborated with Energous Corporation, the creator of WattUp®, a groundbreaking wireless charging 2.0 technology, to create WattUp-enabled ZPower rechargeable microbatteries.

The global zinc-ion battery market is segmented as follows:

By Type

  • Zinc-Mn Battery
  • Zinc-chloride Battery
  • Zinc-Carbon Battery
  • Zinc-Silver Battery
  • Zinc-Nickel Battery
  • Zinc-Air Battery

By End-User

  • Consumer Electronics
  • Power Tools
  • Electric Vehicles
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Reunion
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Southeast Asia
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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