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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, laptop, game player, toys, and others.
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Orion Market Research GLOBAL ZINC-BASED BATTERY MARKET RESEARCH AND FORECAST, 2018-2023
DEFINITION 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.
MARKET MOTIVATORS • Increasing demand for consumer electronics • Growing electric vehicles market along with government support promoting electrical vehicle • Low cost and natural abundance of material • Environment friendly and recyclable
MARKET RESTRAINT • Presence of substitutes in the market • Low shelf life
MARKET OPPORTUNITIES • Recent advancement in aqueous zinc-ion batteries • Rising number of start-ups
MARKET SEGMENTATION BY TYPE • Zinc nickel battery • Zinc carbon battery • Zinc air battery
MARKET PLAYERS • Duracell Inc. • Panasonic Corp. • Revolt Technology AS • GPB International Ltd. • Energizer Holdings, Inc. To Be Continued……
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