Sarasota, FL -- (SBWire) -- 01/29/2019 --Global Zinc-Air Batteries Market: Overview
Zinc-air batteries are generally used for storing electrochemical energy. These batteries power electronic appliances and gadgets on a large-scale that are used in our everyday lives. These batteries are generally used in hearing aids, pagers, and watches. The key characteristic of a zinc-air battery is its high energy density. These batteries consist of a zinc cathode and an anode. The demand and popularity of the zinc-air batteries market across the globe can be attributed to the inexpensive nature and easy availability of zinc, which is a key raw material for producing zinc-air batteries.
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Global Zinc-Air Batteries Market: Growth Factors
The major growth drivers of the global zinc-air batteries market in the future include the growing demand for rechargeable zinc-air batteries for their use in various consumer products and the increasing number of zinc-air batteries applications, such as traffic signaling and communication. When oxygen from the atmosphere comes in contact with the zinc cathode, hydroxyl ions are formed as a reaction. These hydroxyl ions combine with zinc paste to form zincate. These reactions help in the generation of electricity. Zinc-air batteries are cheaper than lithium-ion batteries, as the former do not pose the fire risk associated with lithium-ion batteries. Additionally, zinc-air batteries match, and can even surpass, lithium-ion batteries in terms of energy density and specific energy. Thus, these are some factors that are projected to contribute significantly to the development of the zinc-air batteries market globally in the years to come.
However, the mercury content found in zinc-air batteries, which causes various health hazards, might hamper the zinc-air batteries market on a global scale in the years ahead.
Global Zinc-Air Batteries Market: Segmentation
The global zinc-air batteries market is categorized into type and application. On the basis of type, this global market is bifurcated into rechargeable and non-rechargeable batteries. The rechargeable batteries are anticipated to dominate this global market over the estimated time period, due to their sustainability and reliability. By application, the global zinc-air batteries market includes electric cars, remote signaling and communication, small devices, and safety lamps. Small devices are likely to dominate the market for zinc-air batteries in the upcoming years, owing to their light weight, cost-effectiveness, high energy density, constant voltage, etc.
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Global Zinc-Air Batteries Market: Regional Analysis
By region, this global market is primarily divided into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. The Asia Pacific region is likely to register a substantial rate of growth in the zinc-air batteries market in the future. This can be attributed to the regions' flourishing electronics and automotive industries. The European region held a major share of the global zinc-air batteries market in the year 2017 and is likely to dominate the global market in the upcoming years as well. This can be attributed to the growing older population and the introduction of appealing technologies across Europe. Additionally, favorable government initiatives for replacing the existing railway signaling systems, particularly in Switzerland and Denmark are anticipated to further contribute notably toward this regional market over the estimated timeframe.
Global Zinc-Air Batteries Market: Competitive Players
Some most important market players of the global zinc-air batteries market are ReVolt Technologies, Panasonic Corporation, Electric Fuel Battery Corporation, Energizer Holdings, Spectrum Brands, Berkshire Hathaway, and ZAF Energy Systems, among others.
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Global Zinc-Air Batteries Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
Zinc-Air Batteries Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026