The report on The “Global Zinc-ion Battery Market” contains all-inclusive information about historical and forecasted estimations. Current market trends future projections, competitive data, and latest developments are part of the Zinc-ion Battery Market report forecasted from 2022 to 2030.
As per our study, the global Zinc-ion Battery Market size & share was valued at USD 9.2 billion in 2021 and will grow at a CAGR of 3.2% over the forecasted period of 2022 to 2030. The global zinc-ion battery market is expected to reach USD 13.3 billion by 2030. The research will discuss market dynamics and several other factors affecting the market growth of the zinc-ion battery market.
Get a sample of the report @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=11871
The Zinc-ion Battery Market: Overview
Zinc ion batteries commonly referred to as Zn-ion battery (ZIB) contains zinc ions. Zinc is used as an anode, while Zn-intercalating substances as cathodes. A Zn-containing medium is an electrolyte solution. Zinc-ion batteries are rechargeable and often associated with rechargeable metal batteries (RMB). These factors make it popular across different sectors.
The Zinc-ion Battery Market: Growth Drivers
Rising adoptions of zinc-ion batteries for the consumer electronics sector
Consumer electronic products such as laptops, mobiles, tablets, cameras, video games, and others, are increasingly popular among the millennial population. Thus, the global zinc-ion battery market is estimated to observe massive growth over the forecasted period. Furthermore, the zinc-ion battery will replace lithium-ion batteries in the electric vehicles segment, thus contributing to market growth. The key advantage of zinc-based batteries compared to other batteries like Li-ion and Ni-Cd batteries is pricing and better performance.
Rising Research and Development Activities
Rising research and development activities for the development of low-lifetime cost batteries will boost demand for Zinc-ion batteries. It is predicted that non-lithium batteries will be more popular in energy storage for renewables due to the fact that lithium-ion batteries have poor safety risks. Thus, there is increasing demand from the residential sector for zinc-ion batteries. Zinc-ion batteries are increasingly used in battery packs in people’s homes and businesses.
The Zinc-ion Battery Market: Key Insights
- We have estimated the global zinc-ion battery market will grow annually at a CAGR of around 3.2% over the forecast period (2022-2030).
- In terms of revenue, the zinc-ion Battery Market size was valued at around USD 9.2 billion in 2021 and is projected to reach USD 13.3 billion by 2030. The projection is based on a variety of driving factors and futuristic trends in the market.
- Based on product type segmentation, the zinc-air battery segment was estimated to show maximum market share in the year 2021.
- Based on application segmentation, the consumer electronics segment was the leading revenue-generating category in 2021.
- On the basis of region, the Asia Pacific region will be the leading market with the presence of large manufacturers across the region.
Enquire for Customization in Report @ https://www.custommarketinsights.com/request-for-customization/?reportid=11871
The Zinc-ion Battery Market: Recent Development
- May 2022: Salient Energy Partnering with Horton World Solutions for Residential Energy Storage. “We built zinc-ion to accelerate the adoption of clean energy,” said Ryan Brown, co-founder of Salient. “So, the opportunity to build zero-carbon homes with our technology is an exciting step forward for us.”
- June 2022: IIT-Madras innovates zinc-air batteries to take on lithium-ion. “It is a fairly mature, safe choice that makes use of abundant resources of zinc available in India,” says Dr. Aravind Kumar Chandiran, assistant professor, Department of Chemical Engineering, IIT-Madras, who has headed the team of researchers.
The Zinc-ion Battery Market: Regional Landscape
The global zinc-ion battery market will be dominated by the Asia Pacific region, due to the presence of large manufacturers in the region, and the availability of raw materials in abundance. The Asia-Pacific region is followed by North America with substantial research and development activities. Increasing demand from consumer electronics and the residential sector for battery packs are the key driving factors.
The Zinc-ion Battery Market: Prominent Players
Salient Energy
Hindustan Zinc
Nippo Batteries
Eos Energy
Enerpoly
Panasonic Corporation
ENZINC, INC
Shenzhen Tcbest Battery Industry Co. Ltd.
Eastman Kodak Company
Shenzhen BetterPower Battery Co. Ltd.
ZincFive Inc.
LinyiHuatai Battery Co. Ltd.
Zhejiang Yonggao Battery Co. Ltd.
Primus Power
Get a sample of the report @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=11871
The Zinc-ion Battery Market: Segments
By Product Type
Zinc-Mn Battery
Zinc-chloride Battery
Zinc-Carbon Battery
Zinc-Silver Battery
Zinc-Nickel Battery
Zinc-Air Battery
By End-Use Sector
Consumer Electronics
LED Lighting
Automotive
Others
The Zinc-ion Battery Market: Geography
North America
The U.S.
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
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
About Us Custom Market Insights:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
Contact Us: