The Zinc-Air Batteries market is segmented By type – Primary (Non-rechargeable), Secondary (Rechargeable), Mechanical Recharge, By Application – Hearing Aid, Medical, Other. This report is published on Valuates Reports in the Energy & Utilities Category. The global Zinc-Air Batteries Market size is projected to reach USD 534.2 Million by 2026, from USD 344.4 Million in 2019, at a CAGR of 6.4% during 2021-2026.
Major factors driving the growth of the Zinc-Air Batteries market:
- The zinc-air batteries market is being driven by the increasing usage of zinc-air batteries as power sources in remote railway signalling and navigation aid systems.
- Zinc-air batteries are being used in various healthcare devices such as small hearing aids to cardiac telemetry monitors for continuous monitoring, which will boost market value.
- Increasing use of Zinc-air batteries for communication receivers such as email devices, pagers, and other message tools in the telecommunications sector.
The increasing use of zinc-air batteries in the various end-user industries is expected to drive the growth of zinc-air battery market size. For example, zinc-air batteries are used in traffic-signalling systems, including LED traffic lights, traffic signs, and a variety of traffic signals. Because traffic lights with a short shelf life can cause accidents, the demand for zinc-air batteries, which have a long shelf life, has surged. Furthermore, Zinc-air batteries are employed in the medical business, particularly in hearing aids, as they provide power in a variety of temperatures, guaranteeing that the hearing aid functions well.
Massive energy storage systems are required for the deployment of renewable solar and wind energy. The use of energy-efficient metals such as vanadium, cobalt, and lithium in storage batteries is a high-cost solution. As a result, the solar and wind industries are showing interest in zinc-air batteries. This in turn is expected to drive the growth of zinc-air battery market size. Manufacturers of zinc-air batteries are expected to benefit from favourable government initiatives and legislation aimed at replacing mercury button cells with zinc-air batteries in the coming years.
Based on type, Due to an increase in demand for batteries with a long shelf life and durability, demand for rechargeable zinc-air batteries is predicted to grow rapidly throughout the projected period. Based on region, the market for zinc-air batteries in the Asia Pacific has a lot of room for expansion. Due to the region’s significant growth in the automotive and electronics industries, the region is projected to offer market growth possibilities in the near future.
