Zinc Ion Battery Market
PUBLISHED: 2024 ID: SMRC27299
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Zinc Ion Battery Market

Zinc-ion Battery Market Forecasts to 2030 - Global Analysis By Product Type (Zinc-Manganese (Zn-Mn) Battery, Zinc-Chloride (Zn-Cl) Battery, Zinc-Carbon (Zn-C) Battery, Zinc-Silver (Zn-Ag) Battery, Zinc-Nickel (Zn-Ni) Battery, Zinc-Air (Zn-Air) Battery and Other Product Types), Type, Capacity, Application, End User and By Geography

4.9 (92 reviews)
4.9 (92 reviews)
Published: 2024 ID: SMRC27299

This report covers the impact of COVID-19 on this global market
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Years Covered

2022-2030

Estimated Year Value (2024)

US $10.7 BN

Projected Year Value (2030)

US $14.8 BN

CAGR (2024 - 2030)

5.6%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Zinc-ion Battery Market is accounted for $10.7 billion in 2024 and is expected to reach $14.8 billion by 2030 growing at a CAGR of 5.6% during the forecast period. A zinc-ion battery is an energy storage device that uses zinc ions as the primary charge carriers. It typically consists of a zinc anode, a cathode made from various materials, and an electrolyte that facilitates ion movement. These batteries are gaining attention for their safety, low cost, and environmental benefits compared to traditional lithium-ion batteries. They offer a promising solution for grid storage and electric vehicles, as they provide good energy density and stability while minimizing the risk of fire or toxicity.

Market Dynamics: 

Driver: 

Rising adoptions of zinc-ion batteries

Zinc-ion batteries present a safer, more affordable, and environmentally friendly alternative to lithium-ion technology as industries search for substitutes. Their growing application in electric vehicles, renewable energy storage, and portable electronics highlights their versatility. Additionally, advancements in battery efficiency and performance are driving interest among manufacturers and consumers alike. This trend is expected to accelerate as more stakeholders prioritize eco-friendly and reliable energy storage solutions.

Restraint:

Scarcity of appropriate electrolytes

The scarcity of appropriate electrolytes in the market presents several negative effects. Limited electrolyte options can result in lower energy density and shorter lifespan, ultimately affecting consumer trust and market growth. Furthermore, this scarcity hampers innovation, as researchers may struggle to develop high-performance electrolytes that enhance ion mobility. Consequently, the reliance on suboptimal materials can delay the widespread adoption of zinc-ion batteries, limiting their potential in sustainable energy solutions.

Opportunity:

Increasing demand for renewable energy integration

The growing demand for renewable energy integration is significantly boosting the market. As nations increasingly adopt solar and wind power, the need for reliable energy storage solutions becomes essential to manage fluctuations in energy supply. Zinc-ion batteries provide an effective, eco-friendly alternative for storing excess energy, enabling smoother transitions to renewable sources. Their cost-effectiveness and safety further enhance their appeal, positioning them as a vital component in achieving sustainable energy goals.

Threat:

Limited space for energy storage

Limited space for energy storage presents challenges in the market. As the demand for efficient energy solutions grows, finding adequate locations for battery systems becomes critical. This constraint can hinder the deployment of larger storage units needed for effective renewable energy integration and grid stability. Additionally, the need for compact designs may lead to trade-offs in capacity and performance, potentially limiting the widespread adoption of zinc-ion technology in various applications.

Covid-19 Impact: 

The COVID-19 pandemic had a notable impact on the market, disrupting supply chains and causing delays in manufacturing and research activities. Lockdowns and restrictions hampered production, leading to shortages of key materials and components. Additionally, investment in renewable energy projects slowed as economic uncertainties emerged. However, the crisis also accelerated interest in sustainable energy solutions, as the pandemic highlighted the importance of resilience in energy systems. 

The flexible segment is projected to be the largest during the forecast period

The flexible segment is projected to account for the largest market share during the projection period. The lightweight and adaptable design of zinc-ion batteries allows for integration into compact devices, electric vehicles, and renewable energy systems. Moreover, advancements in flexible electrode materials enhance the performance and scalability of these batteries, positioning zinc-ion technology as a promising option for applications requiring both efficiency and spatial adaptability.

The automotive segment is expected to have the highest CAGR during the forecast period

The automotive segment is expected to have the highest CAGR during the extrapolated period as a promising alternative to traditional lithium-ion technologies. With their inherent safety, lower cost, and environmental benefits, zinc-ion batteries are well-suited for electric vehicles (EVs) and hybrid models. As the industry shifts towards sustainable transportation, zinc-ion technology offers a viable solution to enhance energy efficiency while addressing concerns about resource scarcity and environmental impact.

Region with largest share:

North America region is expected to hold the largest share of the market during the forecast period. Key players are investing in research and development to enhance battery efficiency and performance, particularly for electric vehicles and renewable energy storage. Government incentives and regulations promoting green technologies further support this trend. As manufacturers seek alternatives to lithium-ion batteries, zinc-ion technology is positioned to play a pivotal role in the region’s energy landscape.

Region with highest CAGR:

Asia Pacific is expected to register the highest growth rate over the forecast period driven by technological advancements. The growing emphasis on renewable energy sources such as solar and wind power necessitates reliable energy storage systems. Innovations in battery technology, particularly in aqueous zinc-ion batteries, are expected to lead to increased efficiency and performance. These advancements are crucial for applications in portable electronics and grid energy storage solutions.

Key players in the market

Some of the key players in Zinc-ion Battery market include ZincFive, Inc., FDK CORPORATION, Eastman Kodak Company, ZPower, Nippo Batteries, GPB International Limited, Energizer Holdings, Inc., Panasonic Corporation, Salient Energy, Hindustan Zinc, Form Energy, Jinko Power, Hi-tech Power, Aquion Energy and NexGen Energy Storage.

Key Developments:

In July 2024, Panasonic Energy Co., Ltd., announced that it has entered into an agreement regarding joint development with Australia’s national science agency, CSIRO. The agreement covers the development of new nickel laterite processing technologies for recovering nickel, an essential raw material in the manufacture of lithium-ion batteries.

In April 2024, Panasonic Energy Co. Ltd., is in talks with Indian Oil Corp. Ltd for a joint venture to manufacture cylindrical lithium-ion batteries for two- and three-wheel vehicles and energy storage systems in the Indian market. It has signed a binding term sheet and initiated discussions with Indian Oil Corp. Ltd to draw a framework for the formation of the joint venture.

Product Types Covered:
• Zinc-Manganese (Zn-Mn) Battery
• Zinc-Chloride (Zn-Cl) Battery
• Zinc-Carbon (Zn-C) Battery
• Zinc-Silver (Zn-Ag) Battery
• Zinc-Nickel (Zn-Ni) Battery
• Zinc-Air (Zn-Air) Battery
• Other Product Types

Types Covered:
• Aqueous 
• Flexible 
• Rechargeable 
• Non-Rechargeable

Capacities Covered:
• Up to 1000 mAh
• 1000 mAh to 5000 mAh
• Above 5000 mAh

Applications Covered:
• Smartphones
• Laptops
• Electric vehicles
• Manufacturing
• Heavy Machinery
• Other Applications

End Users Covered:
• Consumer Electronics
• Automotive
• Industrial
• Residential
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary   
     
2 Preface    
 2.1 Abstract   
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology 
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions 
     
3 Market Trend Analysis  
 3.1 Introduction  
 3.2 Drivers   
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats   
 3.6 Product Analysis  
 3.7 Application Analysis 
 3.8 End User Analysis  
 3.9 Emerging Markets  
 3.10 Impact of Covid-19  
     
4 Porters Five Force Analysis  
 4.1 Bargaining power of suppliers 
 4.2 Bargaining power of buyers 
 4.3 Threat of substitutes 
 4.4 Threat of new entrants 
 4.5 Competitive rivalry  
     
5 Global Zinc-ion Battery Market, By Product Type
 5.1 Introduction  
 5.2 Zinc-Manganese (Zn-Mn) Battery
 5.3 Zinc-Chloride (Zn-Cl) Battery 
 5.4 Zinc-Carbon (Zn-C) Battery 
 5.5 Zinc-Silver (Zn-Ag) Battery 
 5.6 Zinc-Nickel (Zn-Ni) Battery 
 5.7 Zinc-Air (Zn-Air) Battery 
 5.8 Other Product Types 
     
6 Global Zinc-ion Battery Market, By Type 
 6.1 Introduction  
 6.2 Aqueous    
 6.3 Flexible    
 6.4 Rechargeable   
 6.5 Non-Rechargeable  
     
7 Global Zinc-ion Battery Market, By Capacity
 7.1 Introduction  
 7.2 Up to 1000 mAh  
 7.3 1000 mAh to 5000 mAh 
 7.4 Above 5000 mAh  
     
8 Global Zinc-ion Battery Market, By Application
 8.1 Introduction  
 8.2 Smartphones  
 8.3 Laptops   
 8.4 Electric vehicles  
 8.5 Manufacturing  
 8.6 Heavy Machinery    
 8.7 Other Applications  
     
9 Global Zinc-ion Battery Market, By End User
 9.1 Introduction  
 9.2 Consumer Electronics 
 9.3 Automotive  
 9.4 Industrial   
 9.5 Residential  
 9.6 Other End Users  
     
10 Global Zinc-ion Battery Market, By Geography
 10.1 Introduction  
 10.2 North America  
  10.2.1 US  
  10.2.2 Canada  
  10.2.3 Mexico  
 10.3 Europe   
  10.3.1 Germany  
  10.3.2 UK  
  10.3.3 Italy  
  10.3.4 France  
  10.3.5 Spain  
  10.3.6 Rest of Europe 
 10.4 Asia Pacific  
  10.4.1 Japan  
  10.4.2 China  
  10.4.3 India  
  10.4.4 Australia  
  10.4.5 New Zealand 
  10.4.6 South Korea 
  10.4.7 Rest of Asia Pacific 
 10.5 South America  
  10.5.1 Argentina 
  10.5.2 Brazil  
  10.5.3 Chile  
  10.5.4 Rest of South America
 10.6 Middle East & Africa 
  10.6.1 Saudi Arabia 
  10.6.2 UAE  
  10.6.3 Qatar  
  10.6.4 South Africa 
  10.6.5 Rest of Middle East & Africa
     
11 Key Developments   
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
 11.2 Acquisitions & Mergers 
 11.3 New Product Launch 
 11.4 Expansions  
 11.5 Other Key Strategies 
     
12 Company Profiling   
 12.1 ZincFive, Inc.  
 12.2 FDK CORPORATION  
 12.3 Eastman Kodak Company 
 12.4 ZPower   
 12.5 Nippo Batteries  
 12.6 GPB International Limited 
 12.7 Energizer Holdings, Inc. 
 12.8 Panasonic Corporation 
 12.9 Salient Energy  
 12.10 Hindustan Zinc  
 12.11 Form Energy  
 12.12 Jinko Power  
 12.13 Hi-tech Power  
 12.14 Aquion Energy  
 12.15 NexGen Energy Storage 
     
List of Tables    
1 Global Zinc-ion Battery Market Outlook, By Region (2022-2030) ($MN)
2 Global Zinc-ion Battery Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Zinc-ion Battery Market Outlook, By Zinc-Manganese (Zn-Mn) Battery (2022-2030) ($MN)
4 Global Zinc-ion Battery Market Outlook, By Zinc-Chloride (Zn-Cl) Battery (2022-2030) ($MN)
5 Global Zinc-ion Battery Market Outlook, By Zinc-Carbon (Zn-C) Battery (2022-2030) ($MN)
6 Global Zinc-ion Battery Market Outlook, By Zinc-Silver (Zn-Ag) Battery (2022-2030) ($MN)
7 Global Zinc-ion Battery Market Outlook, By Zinc-Nickel (Zn-Ni) Battery (2022-2030) ($MN)
8 Global Zinc-ion Battery Market Outlook, By Zinc-Air (Zn-Air) Battery (2022-2030) ($MN)
9 Global Zinc-ion Battery Market Outlook, By Other Product Types (2022-2030) ($MN)
10 Global Zinc-ion Battery Market Outlook, By Type (2022-2030) ($MN)
11 Global Zinc-ion Battery Market Outlook, By Aqueous  (2022-2030) ($MN)
12 Global Zinc-ion Battery Market Outlook, By Flexible  (2022-2030) ($MN)
13 Global Zinc-ion Battery Market Outlook, By Rechargeable  (2022-2030) ($MN)
14 Global Zinc-ion Battery Market Outlook, By Non-Rechargeable (2022-2030) ($MN)
15 Global Zinc-ion Battery Market Outlook, By Capacity (2022-2030) ($MN)
16 Global Zinc-ion Battery Market Outlook, By Up to 1000 mAh (2022-2030) ($MN)
17 Global Zinc-ion Battery Market Outlook, By 1000 mAh to 5000 mAh (2022-2030) ($MN)
18 Global Zinc-ion Battery Market Outlook, By Above 5000 mAh (2022-2030) ($MN)
19 Global Zinc-ion Battery Market Outlook, By Application (2022-2030) ($MN)
20 Global Zinc-ion Battery Market Outlook, By Smartphones (2022-2030) ($MN)
21 Global Zinc-ion Battery Market Outlook, By Laptops (2022-2030) ($MN)
22 Global Zinc-ion Battery Market Outlook, By Electric vehicles (2022-2030) ($MN)
23 Global Zinc-ion Battery Market Outlook, By Manufacturing (2022-2030) ($MN)
24 Global Zinc-ion Battery Market Outlook, By Heavy Machinery   (2022-2030) ($MN)
25 Global Zinc-ion Battery Market Outlook, By Other Applications (2022-2030) ($MN)
26 Global Zinc-ion Battery Market Outlook, By End User (2022-2030) ($MN)
27 Global Zinc-ion Battery Market Outlook, By Consumer Electronics (2022-2030) ($MN)
28 Global Zinc-ion Battery Market Outlook, By Automotive (2022-2030) ($MN)
29 Global Zinc-ion Battery Market Outlook, By Industrial (2022-2030) ($MN)
30 Global Zinc-ion Battery Market Outlook, By Residential (2022-2030) ($MN)
31 Global Zinc-ion Battery Market Outlook, By Other End Users (2022-2030) ($MN)
     
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
    

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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