Zinc-ion Battery Market Size, Share, Growth Analysis Report 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), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Salient Energy
- Hindustan Zinc
- Nippo Batteries
- Eos Energy
- Others
Reports Description
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.
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.
Zinc-ion Battery Market: COVID–19 Impact Analysis
COVID-19 has severely impacted the global production of Zinc-ion batteries, thereby hampering the expansion of the zinc-ion battery market. Due to the supply chain gap, the market was affected during the past few epidemic years. New research emphasizes the use of Zinc-ion batteries replacing Lithium-ion batteries in Electric vehicles. However, the limited availability of batteries and raw materials has impacted the commercial automotive sector worldwide, thereby disrupting global economies. Strong government policies along with emerging energy storage and restoring supply chain, led to the market recovery in the last couple of quarters. Also, the focus on R&D development and the persistence of the research community will mitigate the long-term effects of COVID-19.
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.
Zinc-ion batteries to replace Lithium-ion batteries due to limited production
There is a supply shortage of lithium-ion raw materials post-pandemic, thus they are not produced in sufficient quantities. There is an imminent supply chain gap, which has affected sectors like automotive and consumer electronics. This shortage is expected to impact governments around the world, particularly those that are aiming toward the transition to EVs and renewables. Researchers are focused to find a suitable substitute for Lithium-ion batteries over the past few years.
Zinc-ion batteries meet the conditions for lithium-ion compatibility. Zinc-ion batteries offer safety and supply chain security. Additionally, zinc-ion batteries have intrinsic safety owing to the use of water as an electrolyte. These factors will drive demand for Zinc-ion batteries over the forecasted period.
Zinc-ion Battery Market: Segmentation Analysis
The Zinc-ion Battery Market is segmented into product type and application. By product type, the zinc-air battery segment will continue to hold the largest market share over the forecasted period. The zinc-air batteries will find numerous applications across the automotive sector, thus driving product demand. Based on the end-use, the consumer electronics segment will lead the global zinc-ion battery market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 9.2 Billion |
| Projected Market Size in 2030 | USD 13.3 Billion |
| CAGR Growth Rate | 3.2% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| 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, and Others |
| Key Segment | By Product Type, End-Use Sector, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
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.
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.
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.
Companies with increased end-user knowledge of product efficiency are likely to adopt Zinc-ion batteries across the North American region. China has the availability of raw materials and low labor costs, thus large manufacturing is located in the Asia-Pacific region. Also, large manufacturing businesses across Europe and North America are moving their production to China for the same reason. These factors are contributing to market growth in the region.
Competitive Landscape
The zinc-ion battery market is a niche stage with many businesses finding their foothold. Companies in the zinc-ion battery market focus on research and development activities. Significant investment has been made in the development effort. The market comprises various global as well as regional players. Major tactics adopted by the stakeholders include research and development activities, partnerships among businesses, fundraising, and investment, and expansion of geographical reach through expanding the dealer portfolio.
The global zinc-ion battery market is segmented as follows:
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
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- 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
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Zinc-ion Battery Market, (2022 – 2030) (USD Billion)
- 2.2 Global Zinc-ion Battery Market: snapshot
- Chapter 3. Global Zinc-ion Battery Market – Industry Analysis
- 3.1 Zinc-ion Battery Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing demand of Zinc-ion Battery for home care use
- 3.2.2 Driver 2
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product Type
- 3.7.2 Market attractiveness analysis By End-Use Sector
- Chapter 4. Global Zinc-ion Battery Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Zinc-ion Battery Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Zinc-ion Battery Market – Product Type Analysis
- 5.1 Global Zinc-ion Battery Market overview: By Product Type
- 5.1.1 Global Zinc-ion Battery Market share, By Product Type, 2021 and 2030
- 5.2 Zinc-Mn Battery
- 5.2.1 Global Zinc-ion Battery Market by Zinc-Mn Battery, 2022 – 2030 (USD Billion)
- 5.3 Zinc-chloride Battery
- 5.3.1 Global Zinc-ion Battery Market by Zinc-chloride Battery, 2022 – 2030 (USD Billion)
- 5.4 Zinc-Carbon Battery
- 5.4.1 Global Zinc-ion Battery Market by Zinc-Carbon Battery, 2022 – 2030 (USD Billion)
- 5.5 Zinc-Silver Battery
- 5.5.1 Global Zinc-ion Battery Market by Zinc-Silver Battery, 2022 – 2030 (USD Billion)
- 5.6 Zinc-Nickel Battery
- 5.6.1 Global Zinc-ion Battery Market by Zinc-Nickel Battery, 2022 – 2030 (USD Billion)
- 5.7 Zinc-Air Battery
- 5.7.1 Global Zinc-ion Battery Market by Zinc-Air Battery, 2022 – 2030 (USD Billion)
- 5.1 Global Zinc-ion Battery Market overview: By Product Type
- Chapter 6. Global Zinc-ion Battery Market – End-Use Sector Analysis
- 6.1 Global Zinc-ion Battery Market overview: By End-Use Sector
- 6.1.1 Global Zinc-ion Battery Market share, By End-Use Sector, 2021 and 2030
- 6.2 Consumer Electronics
- 6.2.1 Global Zinc-ion Battery Market by Consumer Electronics, 2022 – 2030 (USD Billion)
- 6.3 LED Lighting
- 6.3.1 Global Zinc-ion Battery Market by LED Lighting, 2022 – 2030 (USD Billion)
- 6.4 Automotive
- 6.4.1 Global Zinc-ion Battery Market by Automotive, 2022 – 2030 (USD Billion)
- 6.5 Others
- 6.5.1 Global Zinc-ion Battery Market by Others, 2022 – 2030 (USD Billion)
- 6.1 Global Zinc-ion Battery Market overview: By End-Use Sector
- Chapter 7. Zinc-ion Battery Market – Regional Analysis
- 7.1 Global Zinc-ion Battery Market Regional Overview
- 7.2 Global Zinc-ion Battery Market Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Zinc-ion Battery Market, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America Zinc-ion Battery Market, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America Zinc-ion Battery Market, 2022 – 2030 (USD Billion)
- 7.4 North America Zinc-ion Battery Market, by Product Type, 2022 – 2030
- 7.4.1 North America Zinc-ion Battery Market, by Product Type, 2022 – 2030 (USD Billion)
- 7.5 North America Zinc-ion Battery Market, by End-Use Sector, 2022 – 2030
- 7.5.1 North America Zinc-ion Battery Market, by End-Use Sector, 2022 – 2030 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Zinc-ion Battery Market, 2022 – 2030 (USD Billion)
- 7.6.1.1 Europe Zinc-ion Battery Market, by Country, 2022 – 2030 (USD Billion)
- 7.6.1 Europe Zinc-ion Battery Market, 2022 – 2030 (USD Billion)
- 7.7 Europe Zinc-ion Battery Market, by Product Type, 2022 – 2030
- 7.7.1 Europe Zinc-ion Battery Market, by Product Type, 2022 – 2030 (USD Billion)
- 7.8 Europe Zinc-ion Battery Market, by End-Use Sector, 2022 – 2030
- 7.8.1 Europe Zinc-ion Battery Market, by End-Use Sector, 2022 – 2030 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Zinc-ion Battery Market, 2022 – 2030 (USD Billion)
- 7.9.1.1 Asia Pacific Zinc-ion Battery Market, by Country, 2022 – 2030 (USD Billion)
- 7.9.1 Asia Pacific Zinc-ion Battery Market, 2022 – 2030 (USD Billion)
- 7.10 Asia Pacific Zinc-ion Battery Market, by Product Type, 2022 – 2030
- 7.10.1 Asia Pacific Zinc-ion Battery Market, by Product Type, 2022 – 2030 (USD Billion)
- 7.11 Asia Pacific Zinc-ion Battery Market, by End-Use Sector, 2022 – 2030
- 7.11.1 Asia Pacific Zinc-ion Battery Market, by End-Use Sector, 2022 – 2030 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Zinc-ion Battery Market, 2022 – 2030 (USD Billion)
- 7.12.1.1 Latin America Zinc-ion Battery Market, by Country, 2022 – 2030 (USD Billion)
- 7.12.1 Latin America Zinc-ion Battery Market, 2022 – 2030 (USD Billion)
- 7.13 Latin America Zinc-ion Battery Market, by Product Type, 2022 – 2030
- 7.13.1 Latin America Zinc-ion Battery Market, by Product Type, 2022 – 2030 (USD Billion)
- 7.14 Latin America Zinc-ion Battery Market, by End-Use Sector, 2022 – 2030
- 7.14.1 Latin America Zinc-ion Battery Market, by End-Use Sector, 2022 – 2030 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Zinc-ion Battery Market, 2022 – 2030 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Zinc-ion Battery Market, by Country, 2022 – 2030 (USD Billion)
- 7.15.1 The Middle-East and Africa Zinc-ion Battery Market, 2022 – 2030 (USD Billion)
- 7.16 The Middle-East and Africa Zinc-ion Battery Market, by Product Type, 2022 – 2030
- 7.16.1 The Middle-East and Africa Zinc-ion Battery Market, by Product Type, 2022 – 2030 (USD Billion)
- 7.17 The Middle-East and Africa Zinc-ion Battery Market, by End-Use Sector, 2022 – 2030
- 7.17.1 The Middle-East and Africa Zinc-ion Battery Market, by End-Use Sector, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Salient Energy
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Hindustan Zinc
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Nippo Batteries
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Eos Energy
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Enerpoly
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Panasonic Corporation
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 ENZINC INC
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Shenzhen Tcbest Battery Industry Co. Ltd.
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Eastman Kodak Company
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Shenzhen BetterPower Battery Co. Ltd.
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 ZincFive Inc.
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 LinyiHuatai Battery Co. Ltd.
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Zhejiang Yonggao Battery Co. Ltd.
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Primus Power
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.1 Salient Energy
List Of Figures
Figures No 1 to 24
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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List of the prominent players in the global Zinc-ion Battery Market:
FAQs
“Asia Pacific” region will lead the global Zinc-ion Battery market during the forecast period 2022 to 2030.
Rising research and development activities for the development of low-lifetime cost batteries will boost demand for Zinc-ion batteries.
The key players operating in the Zinc-ion Battery market are 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, and Others.
The global Zinc-ion Battery market is expanding growth with a CAGR of approximately 3.2% during the forecast period (2022 to 2030).
The global Zinc-ion Battery market size was valued at US$ 9.2 billion in 2021 and it is projected to reach around US$ 13.3 billion by 2030.